Best Micro Brokers in Australia

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.

The company was founded in 2013 and is owned and operated by Trademax Global Markets, with its headquarters locates in Australia and New Zealand. Even though Australia is not the main focus of the trading industry, the online broker is well known in the continent as it offers high leverage, low fees, and tight spread. The business currently operates in over 150 countries with $195 billion trading volume, making it one of the top ten forex brokers in the world.

As a financial services provider that is based in Australia, TMGM is also regulated by ASIC under license number 436416, FSP (New Zealand) under license no. 569807, and Vanuatu Financial Services Commission (40356).

Over the years, TMGM has expanded its assets to cover additional assets. The trading brokerage does not fall short in offering its clients a wide range of trading instruments. Today, clients can trade with 50 currency pairs, 15+ global indices, 12,000+ global stocks, 3 metals, 2 energies, and cryptocurrency.

There are 2 types of trading accounts, Edge and Classic. All accounts offer identical features such as automated trading, mobile trading, EA supports, and fixed spread with a minimum deposit of $100.

TMGM provides its clients who have registered live accounts with not one, but 2 high-quality trading platforms to choose from, namely MetaTrader 4 and MetaTrader 5. The MetaTrader 4 platform gives clients 1-click trading solutions and includes customizations for market depth analysis. While MetaTrader 5 is similar to MT4, the platform has a few more advanced options and several underlying efficiency upgrades, including additional timeframes, a larger variety of tools, and depth of market (DOM) pricing.

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Accepted payment methods with TMGM include wire transfer, Skrill, Neteller, Fasapay, AliPay, UnionPay, Tether (USDT), and Credit/debit cards. Clients can have a wide variety of deposit options in 5 different currencies such as AUD, USD, EUR, GBP, or NZD. Despite there is a $20-30 bank processing fee if you use bank withdrawals outside Australia, however, all withdrawals are processed in 24 hours and there are no fees to be charged.

The firm is active on YouTube, Facebook, Twitter, Instagram, and LinkedIn regularly posting news, tutorials, and career opportunities, such as internships. Brand ambassador, Gianluigi Buffon, regularly hosts online webinars which are free to register for.

TMGM also offers a training feature called TMGM Academy. The academy is a three-stage education course that guides novice traders through the basics of trading to more advanced strategies such as moving averages and Fibonacci extensions.

The broker is known to run trading competitions, which usually run for three months. The leader board is updated daily and the trader ranking highest at the end of the three months will be rewarded from a pool of up to $148,500. You can find full rules and terms and conditions on the website.

The easiest way to contact TMGM is through their email and live chat support although it's only available 24/5 found on the contact page of their website. In addition, to increase accessible customer experience, the firm provides website languages in Chinese, English, French, Indonesian, Italian, Portuguese, Spanish, Thai, and Vietnamese.

Overall, TMGM may be the right broker for you as it provides not only Forex and CFD trading but also crypto to retail and professional traders. Catering to traders from around the world, the client portal opens up a range of global opportunities via its user-friendly interface.

Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:

• ACWI: -5.00 for long positions and -2.50 for short positions.
• ADAUSD: -20.00 for long positions and -20.00 for short positions.
• AGG: -5.00 for long positions and -2.50 for short positions.

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.

Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

• The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
• Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
• Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).

There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. You can start trading with a minimum lot of 0.01 (micro) and 1:400 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.

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.