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FXSpreadMeterFXSpreadMeter

Asia-Pacific

Best Forex Brokers for Australia

Our highest-rated brokers, plus the checks that matter when you open an account from Australia. Availability and account terms differ by entity — always confirm on the broker's own site before depositing.

Compare brokersAll countries

Top-rated brokers for traders in Australia

#01FP Markets logo

FP Markets

Top rated
4.4Shares and FX in one place

FP Markets pairs raw-spread FX pricing with direct-market-access share dealing, so cost-sensitive traders and multi-asset investors can work from one account group. Five platform choices, ASIC oversight and no minimum deposit make it our strongest all-round pick this quarter.

9.3/ 10

FXSpreadMeter score

Spread
From 1.0 pips
Commission
$0
Min deposit
$0
Leverage
1:30
Trading costs9.5
Platforms9.2
Regulation9.3
Trading tools9.2
ASICMT4MT5cTraderVerified 15 August 2026
Visit FP MarketsRegisterCompareReview
#02IC Markets logo

IC Markets

4.7Raw-spread trading

IC Markets is built around cheap execution rather than hand-holding. If you already know how you want to trade and value platform choice, the Raw Spread tier is one of the more compelling cost structures available. Read the entity disclosure carefully: the leverage headline you see may come from the offshore arm rather than the ASIC-regulated one.

8.9/ 10

FXSpreadMeter score

Spread
From 0.8 pips
Commission
$0
Min deposit
$0
Leverage
1:30
Trading costs9.4
Platforms9.5
Regulation8.8
Trading tools9.5
ASICFSA (Seychelles)MT4MT5cTraderStructured data
RegisterCompareReview
#03XM Group logo

XM Group

4.3New traders

XM is a sensible starting point rather than a cost leader. The tiny minimum deposit, deep education library and responsive support suit traders still finding their footing; once volume grows, the Standard account's spread-only pricing starts to look expensive next to raw-spread rivals.

8.7/ 10

FXSpreadMeter score

Spread
From 1.6 pips
Commission
$0
Min deposit
$5
Leverage
1:30
Trading costs8.3
Platforms8.5
Regulation8.2
Trading tools8.5
ASICDFSACMAMT4MT5XM appStructured data
CompareReview
#04eToro logo

eToro

4.2Copy trading

eToro trades execution cost for accessibility. The social layer and multi-asset account are genuinely useful if you want to follow others or hold equities alongside FX, but active intraday traders will feel the spread and miss MetaTrader.

8.5/ 10

FXSpreadMeter score

Spread
From 1.0 pips
Commission
$0
Min deposit
$50
Leverage
1:30
Trading costs7.4
Platforms8.8
Regulation8.7
Trading tools8.8
FCAASICMASeToro webeToro mobileCopyTraderStructured data
RegisterCompareReview
#05Capital.com logo

Capital.com

4.2Newer CFD traders who want guided tools

Capital.com combines a clean proprietary platform with MT4 access and an in-app learning layer aimed at newer CFD traders.

8.5/ 10

FXSpreadMeter score

Commission
$0
Min deposit
$20
Leverage
1:30
Trading costs8.2
Platforms8.7
Regulation8.6
Trading tools8.4
FCAASICSCBCapital.com WebCapital.com MobileMT4Verified August 2026
RegisterCompareReview
#06Vantage logo

Vantage

4.2Platform choice and copy trading

Vantage is an international CFD provider offering forex, index, commodity, share, ETF and bond CFDs across MetaTrader 4, MetaTrader 5, its own app and web platform, plus TradingView connectivity and in-app copy trading. Conditions vary by entity and country of residence.

8.6/ 10

FXSpreadMeter score

Spread
From 1.4 pips
Commission
$0
Min deposit
$50
Leverage
Capped
Trading costs8.8
Platforms9.2
Regulation8.2
Trading tools8.9
ASICFCAFSCAVFSCMT4MT5Vantage AppVerified August 2026
Visit VantageRegisterCompareReview
#07Pepperstone logo

Pepperstone

4.6Regulated multi-platform trading

Pepperstone is the pick when regulatory coverage matters as much as cost. The licence spread means most traders can be onboarded by a well-supervised entity without giving up raw pricing or platform choice. Expect conservative leverage if you sign up in the UK or Australia.

9.0/ 10

FXSpreadMeter score

Spread
From 1.0 pips
Commission
$0
Min deposit
$0
Leverage
1:30
Trading costs9.0
Platforms9.3
Regulation9.6
Trading tools9.3
FCAASICDFSABaFinMT4MT5cTraderStructured data
CompareReview

What to check before you open an account from Australia

1. Which entity you sign with

Large brokers operate several licensed entities. The entity on your account agreement — not the group's best-known licence — determines your leverage cap, negative balance protection and complaints route.

2. Regulator and client protections

Check the licence number on the regulator's own register, and whether client money is segregated and covered by a compensation scheme.

3. Real all-in trading cost

Compare spread plus commission on the instruments you actually trade, then add swaps if you hold positions overnight. Our comparison table shows these side by side.

4. Funding, currency and tax

Local payment methods, base-currency choice and conversion fees can cost more than spreads. Tax treatment of trading profits is your own responsibility in Australia.

FXSpreadMeter Ratings

Top Rated Forex Brokers 2026

Compare highly rated brokers across trading costs, platforms, regulation and overall conditions.

FP Markets logo

Rank #1

FP Markets

Rating

8.8 / 10

Best for
Shares and FX in one place
Why it ranks here
FP Markets pairs raw-spread FX pricing with direct-market-access share dealing, so cost-sensitive traders and multi-asset investors can work from one account group. Five platform choices, ASIC oversight and no minimum deposit make it our strongest all-round pick this quarter.
View ProfileRegister
IC Markets logo

Rank #2

IC Markets

Rating

9.4 / 10

Best for
Raw-spread trading
Why it ranks here
IC Markets is built around cheap execution rather than hand-holding. If you already know how you want to trade and value platform choice, the Raw Spread tier is one of the more compelling cost structures available. Read the entity disclosure carefully: the leverage headline you see may come from the offshore arm rather than the ASIC-regulated one.
View ProfileRegister
XM Group logo

Rank #3

XM Group

Rating

8.6 / 10

Best for
New traders
Why it ranks here
XM is a sensible starting point rather than a cost leader. The tiny minimum deposit, deep education library and responsive support suit traders still finding their footing; once volume grows, the Standard account's spread-only pricing starts to look expensive next to raw-spread rivals.
View Profile
eToro logo

Rank #4

eToro

Rating

8.4 / 10

Best for
Copy trading
Why it ranks here
eToro trades execution cost for accessibility. The social layer and multi-asset account are genuinely useful if you want to follow others or hold equities alongside FX, but active intraday traders will feel the spread and miss MetaTrader.
View ProfileRegister
XTB logo

Rank #5

XTB

Rating

8.8 / 10

Best for
Traders who prefer a single proprietary platform
Why it ranks here
XTB is a listed international broker running its own xStation platform, with a research and education layer that suits traders who prefer one integrated interface.
View ProfileRegister
Capital.com logo

Rank #6

Capital.com

Rating

8.4 / 10

Best for
Newer CFD traders who want guided tools
Why it ranks here
Capital.com combines a clean proprietary platform with MT4 access and an in-app learning layer aimed at newer CFD traders.
View ProfileRegister

Affiliate disclosure: FXSpreadMeter may receive compensation from some broker partners when users register through links on our website. This does not guarantee a broker's suitability or performance. Trading involves significant risk.