Forex brokers in Australia
Which brokers hold a local licence in Australia, which international brokers accept residents, and what to check first.
Brokers that deal in CFDs with Australian retail clients need an Australian Financial Services licence from ASIC. Since 2021 leverage for retail clients has been capped at 30:1 on major currency pairs, with negative balance protection.
What to check first
Search the licence number on ASIC’s professional register. Many Australian-founded brands also run offshore entities with higher leverage; as an Australian resident you should be onboarded by the ASIC-licensed entity.
Local regulator: ASIC
Brokers licensed in Australia
| Broker | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| 1 CMC Markets Since 1989 · LSE: CMCX | 91/99 | ASIC #238054 CMC Markets Asia Pacific Pty Ltd | $0 | Own platform, MetaTrader 4, TradingView | Review Visit CMC MarketsOfficial site · we earn no commission here |
| 2 FOREX.com Since 2001 · NASDAQ: SNEX (parent) | 91/99 | ASIC #345646 StoneX Financial Pty Ltd | $100 | Own platform, MetaTrader 4, MetaTrader 5, TradingView | Review Visit FOREX.comOfficial site · we earn no commission here |
| 3 Interactive Brokers Since 1978 · NASDAQ: IBKR | 91/99 | ASIC #453554 Interactive Brokers Australia Pty Ltd | $0 | Own platform, TradingView | Review Visit Interactive BrokersOfficial site · we earn no commission here |
| 4 Plus500 Since 2008 · LSE: PLUS | 91/99 | ASIC #417727, FMA #486026, FSCA #47546 Plus500AU Pty Ltd | $100 | Own platform | Review Visit Plus500Official site · we earn no commission here |
| 5 City Index Since 1983 · NASDAQ: SNEX (parent) | 89/99 | ASIC #345646 StoneX Financial Pty Ltd | — | Own platform, MetaTrader 4, TradingView | Review Visit City IndexOfficial site · we earn no commission here |
| 6 IG Since 1974 · LSE: IGG | 89/99 | ASIC #515106 IG Australia Pty Ltd | — | Own platform, MetaTrader 4, TradingView | Review Visit IGOfficial site · we earn no commission here |
| 7 eToro Since 2007 · NASDAQ: ETOR | 85/99 | ASIC #491139 eToro AUS Capital Limited | $50 | Own platform | Review Visit eToroOfficial site · we earn no commission here |
| 8 OANDA Since 1996 | 83/99 | ASIC #412981 OANDA Australia Pty Ltd | $0 | Own platform, MetaTrader 4, MetaTrader 5, TradingView | Review Visit OANDAOfficial site · we earn no commission here |
| 9 Pepperstone Since 2010 | 83/99 | ASIC #414530 Pepperstone Group Limited | $0 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Review Visit PepperstoneOfficial site · we earn no commission here |
| 10 AvaTrade Since 2006 | 79/99 | ASIC #406684 Ava Capital Markets Australia Pty Ltd | $100 | MetaTrader 4, MetaTrader 5, Own platform | Review Visit AvaTradeOfficial site · we earn no commission here |
| 11 Admirals Since 2001 | 77/99 | ASIC #410681 Admirals AU Pty Ltd | $100 | MetaTrader 4, MetaTrader 5 | Review Visit AdmiralsOfficial site · we earn no commission here |
| 12 ThinkMarkets Since 2010 | 77/99 | ASIC #424700 TF Global Markets (Aust) Pty Ltd | $0 | MetaTrader 4, MetaTrader 5, TradingView, Own platform | Review Visit ThinkMarketsOfficial site · we earn no commission here |
| 13 Axi Since 2007 | 75/99 | ASIC #318232 AxiCorp Financial Services Pty Ltd | $0 | MetaTrader 4, MetaTrader 5 | Review Visit AxiOfficial site · we earn no commission here |
| 14 Eightcap Since 2009 | 75/99 | ASIC #391441 Eightcap Pty Ltd | $100 | MetaTrader 4, MetaTrader 5, TradingView | Review Visit EightcapOfficial site · we earn no commission here |
| 15 Vantage Since 2009 | 75/99 | ASIC #428901 Vantage Global Prime Pty Ltd | $50 | MetaTrader 4, MetaTrader 5, TradingView, Own platform | Review Visit VantageOfficial site · we earn no commission here |
| 16 Capital.com Since 2016 | 73/99 | ASIC #513393 Capital Com Australia Pty Ltd | $20 | Own platform, MetaTrader 4, TradingView | Review Visit Capital.comOfficial site · we earn no commission here |
| 17 FP Markets Since 2005 | 69/99 | ASIC #286354 First Prudential Markets Pty Ltd | $100 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Review Visit FP MarketsOfficial site · we earn no commission here |
| 18 XM Since 2009 | 69/99 | ASIC #443670 Trading Point of Financial Instruments Pty Ltd | $5 | MetaTrader 4, MetaTrader 5 | Review Visit XMOfficial site · we earn no commission here |
| 19 FBS Since 2009 | 67/99 | ASIC #426359 Intelligent Financial Markets Pty Ltd | $5 | MetaTrader 4, MetaTrader 5, Own platform | Review Visit FBSOfficial site · we earn no commission here |
| 20 IC Markets Since 2007 | 67/99 | ASIC #335692 International Capital Markets Pty Ltd | $200 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Review Visit IC MarketsOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.
CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money. Read the Product Disclosure Statement and Target Market Determination of any provider before you trade.