Best forex brokers in Australia

Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Australia, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate

Forex in Australia at a glance

16 forex brokers with a verified licence serve residents of Australia: 16 hold a local licence (ASIC).
Top pick by Coinish Score: IG (77/100, Editor Rating 4.2/5).
Lowest advertised EUR/USD all-in cost: 0.45 pips (Fusion Markets), across 10 brokers that publish one.
No minimum deposit: ThinkMarkets.

Forex in Australia

Local licence required

Providers need an Australian financial services (AFS) licence. ASIC's CFD product intervention order limits retail leverage and runs to 23 May 2027.

Regulator sources (3)

“If you want to run a financial services business, you generally need to be authorised under an AFS licence”
asic.gov.au · Oct 5, 2026
“ASIC’s order reduces CFD leverage available to retail clients”
asic.gov.au · Oct 5, 2026
“for a further five years to 23 May 2027”
asic.gov.au · Oct 5, 2026

Sort by

1
Top pick
IG
IG Australia Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
17,000+
Min. deposit
–
77
Coinish Score
4.2/5 rating71 signal
Visit site Review
2
OANDA
OANDA Australia Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
1,700+
Min. deposit
–
72
Coinish Score
3.5/5 rating74 signal
Visit site Review
3
FP Markets
First Prudential Markets Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
10,000+
Min. deposit
A$100
71
Coinish Score
4.4/5 rating54 signal
Visit site Review
4
CMC Markets
CMC Markets Asia Pacific Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.5 pips
Instruments
12,000+
Min. deposit
–
70
Coinish Score
4.1/5 rating59 signal
Visit site Review
5
Capital.com
Capital Com Australia Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
5,500+
Min. deposit
–
70
Coinish Score
4.4/5 rating54 signal
Visit site Review
6
Vantage
Vantage Global Prime Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
1,000+
Min. deposit
–
68
Coinish Score
4.0/5 rating55 signal
Visit site Review
7
Interactive Brokers
Interactive Brokers Australia Pty. Ltd. · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
–
Min. deposit
–
67
Coinish Score
3.7/5 rating61 signal
Visit site Review
8
ThinkMarkets
TF Global Markets (Aust) Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
4,000+
Min. deposit
$0
67
Coinish Score
4.0/5 rating54 signal
Visit site Review
9
IC Markets
International Capital Markets Pty. Ltd. · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
2,850+
Min. deposit
–
61
Coinish Score
4.1/5 rating40 signal
Visit site Review
10
Plus500
Plus500AU Pty. Ltd. · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
2,800+
Min. deposit
A$100
61
Coinish Score
3.5/5 rating51 signal
Visit site Review
11
Pepperstone
Pepperstone Group Limited · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
1,350+
Min. deposit
–
60
Coinish Score
3.8/5 rating45 signal
Visit site Review
12
AvaTrade
Ava Capital Markets Australia Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
1,250+
Min. deposit
$100
60
Coinish Score
3.4/5 rating52 signal
Visit site Review
13
Trade Nation
Trade Nation Australia Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
1,000+
Min. deposit
–
56
Coinish Score
4.2/5 rating28 signal
Visit site Review
14
FXCM
Stratos Trading Pty. Limited · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
–
Min. deposit
A$50
55
Coinish Score
3.1/5 rating49 signal
Visit site Review
15
Fusion Markets
FMGP Trading Group Pty Ltd · ASIC (Tier 1)
Locally licensedOffshore-heavy group
EUR/USD all-in
0.45 pips
Instruments
250+
Min. deposit
–
52
Coinish Score
3.5/5 rating34 signal
Visit site Review
16
Eightcap
Eightcap Pty Ltd · ASIC (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
800+
Min. deposit
–
46
Coinish Score
3.3/5 rating25 signal
Visit site Review

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