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 | Dossier Score | Entity serving you | Min. deposit | Platforms | Actions |
|---|---|---|---|---|---|
| 1 CMC Markets Founded 1989 Listed | 91 | CMC Markets Asia Pacific Pty Ltd ASIC #238054 Tier 1 | $0 | Own platformMT4TradingView | Review Visit siteAffiliate link |
| 2 FOREX.com Founded 2001 Listed | 91 | StoneX Financial Pty Ltd ASIC #345646 Tier 1 | $100 | Own platformMT4MT5TradingView | Review Visit siteAffiliate link |
| 3 Interactive Brokers Founded 1978 Listed | 91 | Interactive Brokers Australia Pty Ltd ASIC #453554 Tier 1 | $0 | Own platformTradingView | Review Visit siteAffiliate link |
| 4 Plus500 Founded 2008 Listed | 91 | Plus500AU Pty Ltd ASIC #417727, FMA #486026, FSCA #47546 Tier 1 | $100 | Own platform | Review Visit siteAffiliate link |
| 5 City Index Founded 1983 Listed | 89 | StoneX Financial Pty Ltd ASIC #345646 Tier 1 | — | Own platformMT4TradingView | Review Visit siteAffiliate link |
| 6 IG Founded 1974 Listed | 89 | IG Australia Pty Ltd ASIC #515106 Tier 1 | — | Own platformMT4TradingView | Review Visit siteAffiliate link |
| 7 eToro Founded 2007 Listed | 85 | eToro AUS Capital Limited ASIC #491139 Tier 1 | $50 | Own platform | Review Visit siteAffiliate link |
| 8 OANDA Founded 1996 | 83 | OANDA Australia Pty Ltd ASIC #412981 Tier 1 | $0 | Own platformMT4MT5TradingView | Review Visit siteAffiliate link |
| 9 Pepperstone Founded 2010 | 83 | Pepperstone Group Limited ASIC #414530 Tier 1 | $0 | MT4MT5cTraderTradingView | Review Visit siteAffiliate link |
| 10 AvaTrade Founded 2006 | 79 | Ava Capital Markets Australia Pty Ltd ASIC #406684 Tier 1 | $100 | MT4MT5Own platform | Review Visit siteAffiliate link |
| 11 Admirals Founded 2001 | 77 | Admirals AU Pty Ltd ASIC #410681 Tier 1 | $100 | MT4MT5 | Review Visit siteAffiliate link |
| 12 ThinkMarkets Founded 2010 | 77 | TF Global Markets (Aust) Pty Ltd ASIC #424700 Tier 1 | $0 | MT4MT5TradingViewOwn platform | Review Visit siteAffiliate link |
| 13 Axi Founded 2007 | 75 | AxiCorp Financial Services Pty Ltd ASIC #318232 Tier 1 | $0 | MT4MT5 | Review Visit siteAffiliate link |
| 14 Eightcap Founded 2009 | 75 | Eightcap Pty Ltd ASIC #391441 Tier 1 | $100 | MT4MT5TradingView | Review Visit siteAffiliate link |
| 15 Vantage Founded 2009 | 75 | Vantage Global Prime Pty Ltd ASIC #428901 Tier 1 | $50 | MT4MT5TradingViewOwn platform | Review Visit siteAffiliate link |
| 16 Capital.com Founded 2016 | 73 | Capital Com Australia Pty Ltd ASIC #513393 Tier 1 | $20 | Own platformMT4TradingView | Review Visit siteAffiliate link |
| 17 FP Markets Founded 2005 | 69 | First Prudential Markets Pty Ltd ASIC #286354 Tier 1 | $100 | MT4MT5cTraderTradingView | Review Visit siteAffiliate link |
| 18 XM Founded 2009 | 69 | Trading Point of Financial Instruments Pty Ltd ASIC #443670 Tier 1 | $5 | MT4MT5 | Review Visit siteAffiliate link |
| 19 FBS Founded 2009 | 67 | Intelligent Financial Markets Pty Ltd ASIC #426359 Tier 1 | $5 | MT4MT5Own platform | Review Visit siteAffiliate link |
| 20 IC Markets Founded 2007 | 67 | International Capital Markets Pty Ltd ASIC #335692 Tier 1 | $200 | MT4MT5cTraderTradingView | Review Visit siteAffiliate link |
Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.
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.