🇦🇺 Best Forex Broker in Australia (2026)

Looking for the best forex broker in Australia? We compared 10 forex brokers and found 6 that welcome traders from Australia. Our best forex broker in Australia is Exness — lowest entry deposit and instant withdrawals.

RegionOceania

CurrencyAustralian Dollar (AUD)

RegulatorAustralian Securities & Investments Commission (ASIC)

Forex Brokers available7

Local rules in Australia: ASIC caps retail forex leverage at 1:30 on major pairs. IC Markets, Vantage and AvaTrade hold ASIC licences, and crypto exchanges register with AUSTRAC — Bitunix, BingX and KuCoin are registered.

Licensed / registered in Australia: Vantage — Australian Securities & Investments Commission (ASIC) (AFSL 428901); IC Markets — Australian Securities & Investments Commission (ASIC) (AFSL 335692); Eightcap — Australian Securities & Investments Commission (ASIC) (AFSL 391441); AvaTrade — Australian Securities & Investments Commission (ASIC) (AFSL 406684)

Top 7 forex brokers in Australia

Broker	Score	Min deposit	Max leverage	Spreads	Regulation	Australia
Exness	9.4	$10	Up to 1:Unlimited (conditions apply)	From 0.0 pips (Raw/Zero) · from ~1.0 pips (Standard)	FCA, CySEC, FSCA	✓ Available	Visit Site
Vantage	9.3	$50	Up to 1:1000	From 0.0 pips + $6 round-turn (Raw ECN) · from 1.0 pips (Standard STP)	ASIC, FCA, FSCA	✓ Available	Visit Site · Asia
IC Markets	9.2	$200	Up to 1:1000	From 0.0 pips + $7 round-turn (Raw) · from 0.8 pips (Standard)	ASIC, CySEC, SCB	✓ Available	Visit Site
HFM	9.1	$0	Up to 1:2000	From 0.0 pips + $3/side (Zero) · from 1.2 pips (Premium, no commission)	FCA, CySEC, DFSA	✓ Available	Visit Site
AvaTrade	8.9	$100	Up to 1:400 (1:30 for EU/AU retail)	Fixed-style spreads from 0.9 pips (EURUSD avg ~0.8–0.9), no commission	CBI, ASIC, CySEC	✓ Available	Visit Site
Octa	8.8	$25	Up to 1:1000	From 0.6 pips, no commission on all accounts	CySEC, FSCA, FSC	✓ Available	Visit Site
InstaForex	8.4	$1	Up to 1:1000	From 0 pips (Eurica accounts, commission) · Standard accounts with no commission	FSC	Check at sign-up	Visit Site

★ Top pick

Exness

Lowest entry deposit and instant withdrawals

9.4/10

✓ Accepts traders from Australia

Min deposit: $10
Max leverage: Up to 1:Unlimited (conditions apply)
Spreads: From 0.0 pips (Raw/Zero) · from ~1.0 pips (Standard)
Platforms: MT4, MT5, Exness Terminal, Exness Trade app

Regulated / registered:🇬🇧 FCA🇨🇾 CySEC🇿🇦 FSCA🇰🇪 CMA🇸🇨 FSA🇲🇺 FSC

$10 minimum deposit on Standard accounts
Instant automatic withdrawals on most methods
9 licences incl. FCA and CySEC

Visit Site Review

★ Top pick

Vantage

Low-cost Raw ECN with copy trading

9.3/10

✓ Accepts traders from Australia

Min deposit: $50
Max leverage: Up to 1:1000
Spreads: From 0.0 pips + $6 round-turn (Raw ECN) · from 1.0 pips (Standard STP)
Platforms: MT4, MT5, TradingView, Vantage app

Regulated / registered:🇦🇺 ASIC🇬🇧 FCA🇿🇦 FSCA🇰🇾 CIMA🇻🇺 VFSC

$50 minimum on Raw ECN — cheap access to tight spreads
Built-in copy trading in the Vantage app
TradingView integration

Visit Site · Asia Visit Site · Worldwide Review

IC Markets

Raw spreads for scalpers and algo traders

9.2/10

✓ Accepts traders from Australia

Min deposit: $200
Max leverage: Up to 1:1000
Spreads: From 0.0 pips + $7 round-turn (Raw) · from 0.8 pips (Standard)
Platforms: MT4, MT5, cTrader, TradingView

Regulated / registered:🇦🇺 ASIC🇨🇾 CySEC🇧🇸 SCB🇸🇨 FSA

Raw spreads from 0.0 pips with deep liquidity
MT4, MT5, cTrader and TradingView
Tier-1 regulation from ASIC and CySEC

Visit Site Review

HFM

HotForex — $0 minimum and 7 licences incl. FCA & DFSA

9.1/10

✓ Accepts traders from Australia

Min deposit: $0
Max leverage: Up to 1:2000
Spreads: From 0.0 pips + $3/side (Zero) · from 1.2 pips (Premium, no commission)
Platforms: MT4, MT5, HFM app, WebTrader

Regulated / registered:🇬🇧 FCA🇨🇾 CySEC🇦🇪 DFSA🇿🇦 FSCA🇰🇪 CMA🇲🇺 FSC

$0 minimum deposit on popular accounts
7 licences incl. FCA, CySEC and Dubai DFSA
HFCOPY copy-trading platform

Visit Site Review

AvaTrade

Most regulated — 9 licences on 6 continents

8.9/10

✓ Accepts traders from Australia

Min deposit: $100
Max leverage: Up to 1:400 (1:30 for EU/AU retail)
Spreads: Fixed-style spreads from 0.9 pips (EURUSD avg ~0.8–0.9), no commission
Platforms: MT4, MT5, AvaTradeGO, AvaOptions, WebTrader

Regulated / registered:🇮🇪 CBI🇦🇺 ASIC🇨🇾 CySEC🇯🇵 JFSA🇦🇪 FSRA🇮🇱 ISA

One of the most regulated brokers in the world
No commission on standard trading
AvaOptions and AvaTradeGO apps

Visit Site Review

Octa

OctaFX — zero-commission trading from $25

8.8/10

✓ Accepts traders from Australia

Min deposit: $25
Max leverage: Up to 1:1000
Spreads: From 0.6 pips, no commission on all accounts
Platforms: OctaTrader, MT4, MT5

Regulated / registered:🇨🇾 CySEC🇿🇦 FSCA🇲🇺 FSC🇰🇲 MISA

No commission and no swap (Islamic-friendly) trading
$25 minimum deposit
Octa Copytrading built in

Visit Site Review

InstaForex

Start with just $1 — ForexCopy included

8.4/10

Confirm Australia at sign-up

Min deposit: $1
Max leverage: Up to 1:1000
Spreads: From 0 pips (Eurica accounts, commission) · Standard accounts with no commission
Platforms: MT4, MT5, MultiTerminal, WebTrader, mobile apps

Regulated / registered:🇻🇬 FSC

$1 minimum deposit — the lowest anywhere
Leverage up to 1:1000
ForexCopy copy-trading system

Visit Site Review

How to choose the best forex broker in Australia

Check the licence. In Australia the main financial regulator is Australian Securities & Investments Commission (ASIC). See every broker's licences in our licence table.
Match the minimum deposit to your budget. Start from $1 at InstaForex, $0 at HFM or $10 at Exness.
Deposit in Australian Dollar (AUD). Local bank transfers, cards, e-wallets and USDT are widely supported.
Pick your platform. MT4, MT5, cTrader or TradingView.
Plan your risk. Risk 1–2% of your balance per trade and always use a stop loss.

Frequently asked questions

What is the best forex broker in Australia?

Exness is our best forex broker in Australia, followed by Vantage, IC Markets, HFM.

Which forex brokers accept traders from Australia?

Exness, Vantage, IC Markets, HFM, AvaTrade, Octa, InstaForex accept traders from Australia.

Which forex broker has the lowest minimum deposit in Australia?

HFM, with a minimum deposit of $0.

Which regulated forex brokers accept traders from Australia?

Exness, Vantage, IC Markets, HFM, AvaTrade, Octa hold top-tier licences such as the FCA, ASIC or CySEC.

Is forex trading legal in Australia?

ASIC caps retail forex leverage at 1:30 on major pairs. IC Markets, Vantage and AvaTrade hold ASIC licences, and crypto exchanges register with AUSTRAC — Bitunix, BingX and KuCoin are registered. This is general information, not legal advice.

Also see: Best crypto exchange in Australia · Best forex broker worldwide · Australia trading guide · Free forex signals · Free crypto signals

Best forex broker in other Oceania countries