What to look for when you are searching for the best broker in Australia? This article reveals the three main criteria and 6 examples of forex broker qualified as the best ones in Australia.

How to choose the right forex broker? What if you're an Australian trader and you only want to trade in Australian-licensed brokers? This article will help you find the best answer. Insights about trading in the forex market and choosing the best forex brokers in Australia will be discussed below.

Best forex brokers in Australia

Forex trading is practically carried out by buying and selling currency values with the intention of making a profit from the difference between the buying and selling price. The forex market is the world’s largest financial market, more than $4 trillion is exchanged on average per day. Traders all over the world are buying and selling currency pairs at every hour, making forex a global marketplace with plenty of opportunity for profits. It contributes to the benefits of forex trading which include accessibility, volatility, technology, liquidity, and trading hours.

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See also: Forex Brokers with the Lowest Deposit

In the last 10 years, China's economy has been booming at a furious rate, resulting in an upswing of exports from Australia and the appreciation of the Australian dollar. As a result, many Australians seeking to make profits from the gain in the Australian dollar. It makes the forex market in Australia very interesting. That's why the retail forex trading industry in Australia has been growing at a tremendous pace in recent years.

 

Choosing The Best Forex Broker in Australia

If you’re interested in forex trading and are considering it as a potential investment, you need to make sure that the broker you choose is right and secure. The following 3 main factors are to look for when you are exploring the options of Australian brokers:

  1. The license by the Australian Securities and Investment Commission (ASIC) . It is the most important factor as ASIC is the regulatory body that is in charge of regulating the Australian financial industry. The institution helps traders to ensure that their rights as consumers are not abused by the brokers.
  2. The trading platform should be reliable. It is the trader's gateway to the financial markets, so if the platform is not performing well, one will not be able to trade effectively.
  3. The spreads or commissions should be reasonable. If the broker charges high spreads of commission, then your profitability will be affected.

The brokers below represent some of the best forex brokers in Australia:

 

IC Markets

Rating


Spread
Variable
Regulation
ASIC, ACN 123 289 109
Min Deposit
$200
Established
2007


Interest rate on funds

Free education

PAMM accounts

MAM accounts

Segregated accounts

Managed accounts

Payment

Bitcoin
BPAY
Credit/debit cards
FasaPay
Neteller
PayPal
Skrill
UnionPay
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

Founded in 2007, IC Markets is operated by International Capital Markets Pty. The broker offers 3 main types of trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms. MT4 and MT5 are both well-known trading platforms with a high level of performance and proven reliability. They have some other advantages like low spreads and various deposit and withdrawal methods. IC Markets is also well known for offering a complete educational center for new traders.

 

ThinkMarkets

Rating


Spread
Variable
Regulation
ASIC, 424700
Min Deposit
$1
Established
2010


Bonus offers

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
BPAY
Credit/debit cards
Ethereum
Neteller
PayPal
Skrill
Tether (USDT)

As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.

Average FX spreads for traders opening an account in ThinkMarkets start from 1.2 pips for the standard account, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.

As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. On the other hand, ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).

ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader.

The trading platform is available on 3 different interfaces specifically designed for Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.

As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.

For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.

All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd’s of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.

A premium multi-asset online brokerage, ThinkMarkets has gone worldwide with headquarters in London and Melbourne, as well as expanding reaches in the Asia Pacific, Europe, and South America. Since its establishment back in 2010, the company has continued to provide access to a variety of markets that include forex and CFDs on equities, cryptocurrencies, commodities, indices, etc. All are available to trade in 3 platform choices: MT4, MT5, and their own ThinkTrader. Furthermore, the Australian-based broker claims to offer the best pricing and execution speed. Low spreads and commissions are also among the competitive trading conditions they present for traders.

 

Admirals

Rating


Spread
Variable and Fixed
Regulation
ASIC, 28381
Min Deposit
$100
Established
2001


Bonus offers

Trading contests

Free education

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

AstroPay
Bitcoin
Credit/debit cards
iDEAL
Neteller
PayPal
Skrill
SOFORT
Wire transfer

With more than 15 years of experience in the industry, Admirals has a global presence across multiple jurisdictions, including in Australia under Admiral Markets Pty Ltd, an ASIC-licensed company with a registered office in Sydney. Previously operating with Admiral Markets trademark, the broker is broadly known for its wide range of trading instruments that covers forex, CFDs on stocks, ETFs, indices, bonds, and a variety of commodities. Traders can choose to register in one of their flexible trading accounts, all of which come with different trading specs to support all types of traders. Access to highly functional software and quality assurance is also provided to increase the trading experience.

 

GOMarkets

Rating


Spread
Variable
Regulation
ASIC, ACN081864039
Min Deposit
$200
Established
2008


Free education

Segregated accounts

Affiliate program

Payment

BPAY
Credit/debit cards
FasaPay
Neteller
PayPal
Skrill
Wire transfer

Go Markets is a broker established in Australia in 2006. Go Markets has also been licensed by the Australia Securities and Investment Commission (ASIC), identified by its AFSL 254963. Go Markets has some partnerships with various specialists in global securities and derivatives, thus it can provide better service to their customers by bringing this expertise on board. Go Markets is well known for having some branches in the UK, Taiwan, and Hongkong.

Go Markets commits to give the best to their clients, by refining their technology and improving their service and clients' education. Furthermore, Go Markets is also willing to continuously provide the best trading experience to the clients through reliable customer service, transparent pricing, low-latency trade execution, and platform stability.

When it comes to trading, the right platform is needed to carry out your trades perfectly. GO Markets offers both the powerful MetaTrader 4 and MetaTrader 5 as desktop and mobile trading platforms for traders. Since Go Markets has been acknowledged as the first MT4 broker in Australia, they do some improvement by adding MT5 and a web-based trading platform to fulfill their clients' needs for suitable platforms.

MT4 for mobile allows new and seasoned traders to trade anywhere and any time, analyze markets and easily access all Expert Advisors. The main difference between MetaTrader 4 and MetaTrader 5 and their associated mobile trading platforms is that MT4 is predominantly a Forex trading platform, while MT5 is a multi-asset CFD trading platform. Moreover, the internationally trusted Go Markets Metatrader 4 Platform has these advantages among many others:

  • No dealing desk involvement
  • Spreads from 0.5 pips
  • Leverage up to 500:1
  • No hedge restrictions

By opening an account in GO Markets, traders will be provided with some of the most advanced and powerful trading tools in a range of markets when it comes to online CFDs Trading. For traders who just start, honing skills in GO Markets' demo account can familiarize themselves with the broker's trading platforms and tools.

While for those who want to start real trading, GO Markets allow for flexible trading on a range of Forex and CFDs including Shares, Commodities, Indices, and Cryptocurrencies through MetaTrader 4 and MetaTrader 5 platforms.

Go Markets is very pleased to announce that they will be soon using Currenex technology, a born of Currenex interbank liquidity, to provide more liquidity to their clients.

GO Markets ease their clients' money transfer through Client Portal. They can open accounts and deposit funds in 9 currencies (USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD, AUD). Whereas, deposit and withdrawal can be done either by bank transfer or e-payment (FasaPay, Neteller, and Skrill). Clients do not need to worry about deposit and withdrawal fees, because GO Markets does not charge any internal deposit fees using Visa/Mastercard, Skrill, Neteller, and Bank Transfer.

Last but not least, Go Markets also guarantees the clients' funds by protecting their privacy and financial information with maximum care. Go Markets employs leading security systems and has strict procedures in place to protect clients' information.

If you want to start trading in Go Markets with a little cash and low risk, Go Markets offers special accounts where clients can start trading with a few dollars and the ability to trade from one cent per pip only. There is a $500 deposit limit in these accounts and Expert Advisors use is allowed.

GOMarkets has been in operation since 2006. The head office is located in Melbourne, Australia. With over a decade of experience, the broker has grown to become one of the leading brokers with a huge client base from over 150 countries. The broker hosts some trading instruments including forex, indices, metals, share CFDs, and commodities. All instruments are available on the MT4 and MT5 trading platforms.

 

USGFX

Rating


Spread
Variable and Fixed
Regulation
FCA (UK), 798776
Min Deposit
$100
Established
2006


Bonus offers

Free education

Personal manager

PAMM accounts

MAM accounts

Managed accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Perfect Money
UnionPay
VoguePay
WebMoney
Wire transfer

USGFX, known as the Union Standard Group, was founded in 2005 and headquartered in Sydney, Australia. Clients of USGFX can benefit from free access to Trading Central’s technical analysis service and Featured Ideas, as well as the USGFX TradersClub Program which offers education, market research and commentary, premium trading tools, and personalized coaching from Senior Analyst, Rob Clayton.

 

FP Markets

Rating


Spread
Variable
Regulation
ASIC, 286354
Min Deposit
$100
Established
2005


Bonus offers

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
Dragonpay
Ethereum
FasaPay
Local bank transfer
Neteller
Ripple
Skrill
Tether (USDT)
Wire transfer

FP Markets was founded in 2005 and owned by First Prudential Markets Pty. The broker offers an online forex and CFDs trading platform. Aside from offering its traders the MT4 and MT5 trading platforms, the broker also offers the Iress trader platform. Spreads on FP Markets start from as low as zero pip as the broker claims to offer true ECN connectivity. Traders at FP Markets also have a selection of trading accounts to choose from, whether it is for spot forex trading or CFDs trading.

 

Plus500

Rating


Spread
Fixed
Regulation
ASIC, 417727
Min Deposit
$100
Established
2008


Bonus offers

Affiliate program

Payment

BPAY
Credit/debit cards
giropay
iDEAL
PayPal
Przelewy24
Skrill
SOFORT
Wire transfer

Plus500 is a UK-based company with its main offices located in the city of London. The company is authorized and regulated by FCA. For traders who are looking for a broker with top-tier regulators, Plus500 can be the right choice .

Plus500 offers 2,000 instruments to over a million clients. List of instruments available for trading with their CFD service include forex currency pairs, indices, cryptocurrencies, commodities, shares, and ETFs. Traders can choose instruments suitable for their needs.

Regardless, beginners should be extremely cautious while choosing their assets, as it can get daunting, confusing, and inherently risky.

When traders open an account, Plus500 will hold traders' funds on a segregated basis, following FCA's client money rules. Traders do not need to worry about Plus500 using their funds for hedging, as it is strictly prohibited to use clients' funds for this purpose.

Other advantages when trading in Plus500 are tight spreads and no commissions. The company only offers a single type of account, but traders can update the account from Retail to Professional by following some standards.

To apply Professional Accounts, traders have to fulfill at least 2 of the following 3 criteria eligible, such as sufficient trading activity in the last 12 months, financial instrument portfolio of over 500,000 Euro, and relevant experience in the financial services sector.

Plus500 is well-regarded for its services through the market spread, leverage up to of 1:30 for Retail Accounts, and leverage up to of 1:300 for Professional Accounts. Plus500 tries to give a sensible choice of leverage, which not only controls the risk but also helps novice traders to exercise more control over their trading emotions.

Founded in 2008, Plus500 provides almost the same features to both Retail and Professional account, including clients' money protection, negative balance protection, best execution for orders, clear and transparent information, as well as financial services compensation scheme. Still, Professional account is more advanced as it has access to FOS.

Based on the statistics, 76.4% of Retail account owners in Plus500 lose money when trading CFDs. Because of that, Plus500 always warns traders to consider their understanding of how CFDs work and their affordability to take high risk of losing money, before starting a trade in Live Account.

Even so, Plus500 has gained the trust of traders throughout the world. They have around 39 million positions opened, 304,000 active customers, and billions of volume trading processed by their system.

Plus500 always tries to give the best services to their clients. One of the ways to reach their goals is by making clients feel confident in their trading activity. They have a simple and easy-to-use trading platform, with an especially well-designed mobile platform. Traders can access the Plus500 platform via web-trader, iPhone/iPad, and Mobile App.

In their platform, traders will get advanced tools such as stop limit, guaranteed stop, free email and push notifications on market events, and alerts on price movements. All of these tools can help traders to navigate the market with better understanding.

As for payment methods, Plus500 provides various choices like Visa or MasterCard, electronic wallets (PayPal and Skrill), and bank transfer (direct bank to bank funds transfer).

For any concerns, troubles, or trading issues, traders can contact Plus500's customer service that is available 24 hours a day and 7 days a week. The official website of Plus500 can be accessed in 24 languages.

Overall, Plus500 has some advantages and disadvantages. As it has a license from an elite regulator, traders can feel safe when trading in Plus500. It also provides a 24/7 support team to help traders. But, offering leverages up to 1:300 is not suitable for high-risk traders, such as scalpers, who indulge in high-frequency trading that holds positions in the market for a brief period and typically use high leverage.

Plus500 was founded in 2008 and headquartered in Israel. The company has subsidiaries in the UK, Cyprus, Australia, Singapore, and Bulgaria. Plus500 offers platforms that can be used across multiple devices and operating systems, so they are always available for trading in various situations. The main drawback of this broker is no educational materials, which is a huge minus especially when there are new traders almost every day. Also, no research materials or technical analyses are provided for clients.

 

Vantage FX

Rating


Spread
Fixed and Variable
Regulation
ASIC, #ACN 140 903 886
Min Deposit
$200
Established
2006


Interest rate on funds

Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Managed accounts

Affiliate program

Islamic accounts available

Payment

AstroPay
Credit/debit cards
FasaPay
Neteller
Skrill
UnionPay
Wire transfer

Vantage FX was founded in 2009 in Australia. It is the brand name of the Vantage International Group which is regulated by the Cayman Islands Monetary Authority (CIMA). Before it is known as Vantage FX as today, they used to be MXT Global in 2009 and Vantage FX Pty LTD in 2015. The Vantage Group also operates other companies such as Vantage Global Prime, which is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).

According to the broker’s website, Vantage FX adds further protection to clients by segregating client funds and holding their funds with Australia’s National Australia Bank (NAB). NAB is one of the 4 largest financial institutions in Australia as well as the Top 20 safest banks in the world. Thus, clients don't need to worry about saving their funds at Vantage FX.

With Vantage FX, traders will experience super-fast trade execution, as well as interbank grade and RAW ECN spreads. When combined, these elements offer clients a true institutional trading experience, across a wide range of trading instruments. They also offer services designed for both beginners and professionals with access to Forex ECN trading, as well as CFD trading on Indices, Commodities, and U.S & Hong Kong Shares. Those instruments are available to trade on MetaTrader 4 and MetaTrader 5, either for Mac, PC, iOS, or Android. There are also social trading platforms such as MyFXbook and Zulutrade.

By registering in Vantage FX, traders will have access to an impressive range of educational materials and research tools including MT4 SmartTrader Tools, a wide variety of promotional trading offers and rebate programs, as well as access to accounts with up to 500:1 leverage. Vantage FX provides research in the form of technical and fundamental analysis on its blog from in-house staff as well as guest writers. There is also an economic calendar powered by MQL5 from MetaQuotes. For clients who deposit at least $1,000, Vantage FX offers a suite of plugins for MT4 branded as MT4 SmartTrader Tools, developed by FX Blue LLP.

As an authorized representative of Vantage Global Prime, the broker caters to retail traders under the Vantage FX brand and offers access to the following instruments:

  • 40 currency pairs, which are the most liquid global forex market currencies.
  • 50 highly liquid US Share CFDs in some of America’s largest companies such as Apple, Google, Coca-Cola, and more.
  • 50 biggest companies listed on the Hong Kong Stock Exchange to trade on.
  • 15 most liquid Indices from across the globe, including the S&P 500, DAX, FTSE, DJ30, and more.
  • 17 commodities, either soft commodities or precious metals.

Clients can open accounts in VantageFX and deposit funds in 8 base currencies: AUD, USD, EUR, GBP, NZD, SGD, JPY, and CAD. They also provide clients with convenient deposit and withdrawal methods through local and international bank transfers, credit/debit cards, and e-payment.

Overall, Vantage FX is valued to be proper for retail traders with small deposits who like the max leverage thresholds. In terms of pricing, the broker's commission-based Raw ECN account is the clear choice for cost-sensitive traders as it features a lower all-in cost compared to its Standard account offering.

Vantage FX is managed and owned by Vantage Global Prime Pty Ltd and was founded in 2009. Vantage FX selection of trading platforms comprises MT4, MT5, WebTrader, ZuluTrade, and MyFxbook Autotrade. The latter two trading platforms are geared towards beginners as they allow copy trading from the more experienced traders. As for the cost of trading, the broker offers ECN access on its MetaTrader platforms. Spreads start from as low as zero pips.

 

Here is the comparison table for three of the various forex brokers mentioned previously. If you want to compare the other brokers that are not shown below, please visit the broker comparison tool here:

Feature IC Markets ThinkMarkets Admirals

Rating

General Rating 4.23/5
4.09/5
4.22/5
Trustpilot 4.8/5

rated by 16 users
4.3/5

rated by 79 users
4.6/5

rated by 674 users

General Information

Office(s) Australia, Hong Kong and Viet Nam Australia, Japan, South Africa and United Kingdom Argentina, Australia, Bulgaria, China, Croatia, Czech Republic, Germany, Hungary, India, Indonesia, Italy, Jordan, Latvia, Lithuania, Poland, Romania, Russian Federation, Serbia, Slovakia, Slovenia, Spain and United Kingdom
Regulation ASIC ACN 123 289 109
CySEC, 362/18
Securities Commission of The Bahamas, SIA-F214
ASIC, 424700
FCA (UK) 629628
FSA (Japan), 19/02/2021
FSCA (South Africa), FSP No 49835
ASIC, 28381
CySEC 201/13
FCA (UK), 595450
FSA (Estonia), 10932555
FSA (Seychelles), 8426894-1
Jordan Securities Commission, 57026
Established 2007 2010 2001
Minimum Deposit $200 $1 $100
Maximum Leverage 1:500 1:30 1:500
Spread Variable Variable Fixed
Commissions $3.50 $3.50 $3
Minimum Position 0.01 lot 0.01 lot 0.01 lot
Payment Bitcoin, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer Bitcoin, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill and Tether (USDT) AstroPay, Bitcoin, Credit/debit cards, iDEAL, Neteller, PayPal, Skrill, SOFORT and Wire transfer
Official Website Visit IC Markets Visit ThinkMarkets Visit Admirals

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Chinese, English, Japanese, Russian Arabic, Chinese, Czech, English, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Spanish, Thai, Vietnamese Arabic, Bulgarian, Croatian, Czech, English, Estonian, German, Hungarian, Italian, Latvian/Lettish, Malay, Polish, Portuguese, Romanian, Russian, Serbian, Slovenian, Spanish, Swedish, Turkish, Vietnam
Email Support
Call Support
Chat Support

Reviews

General Review Read IC Markets Review Read ThinkMarkets Review Read Admirals Review
User Reviews

Andy K

Oct 21 2021

Fast withdrawal! I submitted a withdrawal request a while ago and already received the funds in my account (I use PayPal).

Liam Addington

Jul 24 2020

It's been a month using ICMarket demo, and I compared it with other brokers, relatively smaller commissions and spreads. hopefully it's the same as with the Real Account ... thank U ICMarket, keep Good Service ...

More User Review

Jaxon

Sep 20 2020

After a couple years trading with other brokers it has is refreshing to be dealing with an honest, professional team. Their support team is very friendly and responsive. I would recommend ThinkMarkets to any trader.

Addison

Sep 20 2020

I lost hope after they closed all my profiting trades and when I check the trading history, there's no trades showing up it like I didn't open any trades. When I talked to live support they said I had trades opened but they were all closed because of margin call. That's really wierd and suspicious.

More User Review

Timothy

Sep 9 2020

If have traded myself and it was alright. Spread and commissions is however good. Overall I give average.

Mackenzie

Sep 9 2020

I am trading forex since 2 years and worked with 2 companies earlier but i was not satisfied with the execution of trades,depositing and withdrawal with them. Since i joined Admiral Markets the quality of trade execution was great and customer support always helpful.

More User Review

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The abovementioned brokers are a small example of ASIC-registered forex brokers. Other ideal options for traders searching for the best broker in Australia include Pepperstone, ThinkMarkets, AxiTrader, etc. If you want to compare each broker side by side based on their criteria, you can use our Forex Broker Comparison tool .