3 Best Regulated Forex Brokers in Australia

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3 best regulated forex brokers in australia

Overview

Where regulated forex brokers are concerned, Australian traders are not in short supply. Many forex brokers are based in Australia and regulated by several reputable entities such as the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA), and several others.

These forex brokers are well-known for offering a range of retail investor accounts, access to a range of financial markets, competitive minimum deposit requirements, educational materials, and access to powerful, innovative trading platforms.

Pepperstone

Features

Pepperstone is a large and reputable Australian-based fore broker that offers its services to novice traders as well as professional traders. Pepperstone is known for offering a competitive deposit requirement, expert customer service, and some of the lowest spreads in the industry.

Pepperstone is an online broker that understands the trading needs and objectives of its clients and caters for them accordingly. Active traders can expect a wide range of trading tools to refine their trading, expert market and technical analysis tools, and transparent market conditions.

Beginner forex traders are given a range of educational resources, a demo account, and many other tools to assist them in their forex trading journey towards becoming experienced traders.

Pros and Cons

PROS CONS
Strictly regulated Fixed spreads not offered
Award-winning customer service    
Negative balance protection offered  
Low spreads and commission charges  

 

ACY Securities

Features

ACY Securities is an Australian-based ECN and STP forex broker that has been in operation since 2013, offering retail traders from around the world some of the best trading conditions in the industry.

Traders can expect access to a wide range of currency pairs, CFDs, stocks, indices, and others. In addition to this, traders are also given access to professional financial services, tight spreads, a range of educational resources, and reliable trade execution.

The fee structure that ACY Securities has is transparent, and traders also have access to flexible funding methods including credit cards, debit cards, wire transfer, and electronic payment gateways.

Pros and Cons

PROS CONS
Well-regulated by a strict financial watchdog Demo Accounts only valid for 30-days
MAMM and PAMM Accounts are available  
Tight variable spreads offered  
Multi-asset platform offered  

Axi

Features

Axi is a multi-award-winning Australian forex broker that was established by professional traders to offer other retail traders the best possible trading solutions.

Axi offers competitive trading conditions that are suited for both beginner traders as well as advanced, and professional clients. With a low minimum deposit requirement, right variable spreads, a range of tradable financial instruments, a variety of educational tools, and advanced trading platforms, Axi is one of the most popular online brokers in the world today.

 Axi is one of the most trusted and reputable brokers in the industry that offers transparent trading costs and market conditions. Axi has a proven high daily trading volume and offers traders unbeatable liquidity which is sourced from trusted providers.

Pros and Cons

PROS CONS
Well-regulated Restricted leverage of 1:30 for EU clients
Provision made for segregated client funds Fixed spread accounts not offered
Accounts are commission-free   
Competitive minimum deposit  
MetaTrader 4 NextGen