Forex Trading Australia Guide for Beginners
In this article you can find a practical and basic guide for beginners to understanding what is the forex market in Australia, how to trade forex, and how to open a forex trading account in 3 steps.
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Top 5 Forex brokers regulated in Australia
GO TO TABLE COMPARISON FOR AUSTRALIA[/geot_filter]
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Top 5 Forex Brokers regulated in United Kingdom
GO TO TABLE COMPARISON FOR UK[/geot_filter]
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Top 5 Forex Brokers
- Founded
- 2001
- Segregated Accounts
- Yes
- Regulation
- FCA, SCB & CSSF
- Max. Leverage (PRO)
- 1:400
- Headquarters
- London, Luxembourg, Bahamas
- Min. Deposit
- $0
- Average Execution
- Under 0.004 sec
- Platforms
- ActivTrader, MT4, MT5
- Max. Leverage (Retail)*
- 1:30 (UK/EU) / 1:200
- Negative Balance Protection
- Yes
- EUR/USD Spread
- From 0.5 pips
- GBP/USD Spread
- From 0.8 pips
- EUR/USD Spread
- From 0.8 pips
- Inactivity Fees
- $10
- Accounts
- Demo, Pro, Standard, Islamic
- Instruments Forex, CFDs, indices, shares, commodities, crypto, ETFs, Bonds
83% of retail CFD accounts lose money
- Founded
- 2006 in Ireland
- Segregated Accounts
- Yes
- Regulation
- Central Bank Of Ireland, CySEC, FSC, ASIC, FSCA, FSA, and ADGM
- Max. Leverage (PRO)
- -
- Headquarters
- AVA Trade EU Ltd / Dublin (Ireland)
- Min. Deposit
- From $100
- Average Execution
- Fast
- Platforms
- MT4, MT5 ,Web Based, iOS and Android
- Max. Leverage (Retail)*
- 1:30(UK/EU/AU) / 1:400(FSC)
- Negative Balance Protection
- Yes
- EUR/USD Spread
- 0.5
- GBP/USD Spread
- 1.2
- EUR/USD Spread
- 1.5
- Inactivity Fees
- $50 per quarter
- Accounts
- Demo, Retail, Professional, and Islamic
- Instruments Forex, CFDs, Bonds, Indices, Commodities, Shares, Options and crypto(*)
76% of retail CFD accounts lose money
- Founded
- 2005
- Segregated Accounts
- Yes
- Regulation
- ESCA (UAE), ASIC, AUSTRAC, BAFIN, CIMA, FSC, FMA, MAS, TFG, VFSC
- Max. Leverage (PRO)
- N/A
- Headquarters
- Dubai (UAE)
- Min. Deposit
- $250
- Average Execution
- 0.000000001 sec
- Platforms
- MT4, MT5, MultiBank Trader 4, MultiBank Trader 5, Web Trader, Social Trading
- Max. Leverage (Retail)*
- 1:30 (EU/AU) / 1:500 ( US/International)
- Negative Balance Protection
- Yes
- EUR/USD Spread
- 0.1
- GBP/USD Spread
- 0.5
- EUR/USD Spread
- 0.5
- Inactivity Fees
- Yes, $60/month
- Accounts
- Demo, Standard, Pro, ECN
- Instruments Forex, CFDs*(commodities, metals, indices, shares, crypto*)
This broker is under review by our team
[pokageo_hide codes="US"]71.6% of retail CFD accounts lose money [/pokageo_hide]
[pokageo_show codes="US"] Risk Warning: your capital is at risk [/pokageo_show]
[pokageo_show codes="US"] Risk Warning: your capital is at risk [/pokageo_show]
- Founded
- 2010
- Segregated Accounts
- Yes
- Regulation
- ASIC, SCB, FCA, DFSA, CMA, CySEC
- Max. Leverage (PRO)
- 1:500
- Headquarters
- Melbourne, Bahamas, London, Dubai, Cyprus
- Min. Deposit
- $0
- Average Execution
- under 0.03 sec
- Platforms
- MT4,MT5, Web based, desktop, iOS and Android
- Max. Leverage (Retail)*
- 1:30(UK/EU/AU) / 1:200(SCB)
- Negative Balance Protection
- Yes
- EUR/USD Spread
- From 0.10 pips
- GBP/USD Spread
- From 0.10 pips
- EUR/USD Spread
- From 0.10 pips
- Inactivity Fees
- $0
- Accounts
- Demo, Standard, Razor, Islamic
- Instruments Forex, CFDs, indices, shares, commodities, crypto, ETFs
Between 74-89% of retail CFD accounts lose money
- Founded
- 2008
- Segregated Accounts
- Yes
- Regulation
- ASIC, MAS, FCA,FMA, CySEC and FSA
- Max. Leverage (PRO)
- 1:300
- Headquarters
- Haifa (Israel)
- Min. Deposit
- $100
- Average Execution
- Fast
- Platforms
- Web Based, iOS, Android and Windows phone
- Max. Leverage (Retail)*
- 1:30 (UK-EU-AU) / 1:300
- Negative Balance Protection
- Yes (UK, EEA, and AU clients)
- EUR/USD Spread
- Variable
- GBP/USD Spread
- Variable
- EUR/USD Spread
- Variable
- Inactivity Fees
- $10/month
- Accounts
- Demo, Standard and Islamic
- Instruments CFDs on Indices, Forex, Commodities, Shares, Options and crypto*
This broker is under review by our team
86% of retail CFD accounts lose money
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[geot_filter country=”US” ]
Top 5 Forex Brokers
- Founded
- 2001
- Segregated Accounts
- Yes
- Regulation
- FCA, SCB & CSSF
- Max. Leverage (PRO)
- 1:400
- Headquarters
- London, Luxembourg, Bahamas
- Min. Deposit
- $0
- Average Execution
- Under 0.004 sec
- Platforms
- ActivTrader, MT4, MT5
- Max. Leverage (Retail)*
- 1:30 (UK/EU) / 1:200
- Negative Balance Protection
- Yes
- EUR/USD Spread
- From 0.5 pips
- GBP/USD Spread
- From 0.8 pips
- EUR/USD Spread
- From 0.8 pips
- Inactivity Fees
- $10
- Accounts
- Demo, Pro, Standard, Islamic
- Instruments Forex, CFDs, indices, shares, commodities, crypto, ETFs, Bonds
83% of retail CFD accounts lose money
- Founded
- 2006 in Ireland
- Segregated Accounts
- Yes
- Regulation
- Central Bank Of Ireland, CySEC, FSC, ASIC, FSCA, FSA, and ADGM
- Max. Leverage (PRO)
- -
- Headquarters
- AVA Trade EU Ltd / Dublin (Ireland)
- Min. Deposit
- From $100
- Average Execution
- Fast
- Platforms
- MT4, MT5 ,Web Based, iOS and Android
- Max. Leverage (Retail)*
- 1:30(UK/EU/AU) / 1:400(FSC)
- Negative Balance Protection
- Yes
- EUR/USD Spread
- 0.5
- GBP/USD Spread
- 1.2
- EUR/USD Spread
- 1.5
- Inactivity Fees
- $50 per quarter
- Accounts
- Demo, Retail, Professional, and Islamic
- Instruments Forex, CFDs, Bonds, Indices, Commodities, Shares, Options and crypto(*)
76% of retail CFD accounts lose money
- Founded
- 2005
- Segregated Accounts
- Yes
- Regulation
- ESCA (UAE), ASIC, AUSTRAC, BAFIN, CIMA, FSC, FMA, MAS, TFG, VFSC
- Max. Leverage (PRO)
- N/A
- Headquarters
- Dubai (UAE)
- Min. Deposit
- $250
- Average Execution
- 0.000000001 sec
- Platforms
- MT4, MT5, MultiBank Trader 4, MultiBank Trader 5, Web Trader, Social Trading
- Max. Leverage (Retail)*
- 1:30 (EU/AU) / 1:500 ( US/International)
- Negative Balance Protection
- Yes
- EUR/USD Spread
- 0.1
- GBP/USD Spread
- 0.5
- EUR/USD Spread
- 0.5
- Inactivity Fees
- Yes, $60/month
- Accounts
- Demo, Standard, Pro, ECN
- Instruments Forex, CFDs*(commodities, metals, indices, shares, crypto*)
This broker is under review by our team
[pokageo_hide codes="US"]71.6% of retail CFD accounts lose money [/pokageo_hide]
[pokageo_show codes="US"] Risk Warning: your capital is at risk [/pokageo_show]
[pokageo_show codes="US"] Risk Warning: your capital is at risk [/pokageo_show]
- Founded
- 2010
- Segregated Accounts
- Yes
- Regulation
- ASIC, SCB, FCA, DFSA, CMA, CySEC
- Max. Leverage (PRO)
- 1:500
- Headquarters
- Melbourne, Bahamas, London, Dubai, Cyprus
- Min. Deposit
- $0
- Average Execution
- under 0.03 sec
- Platforms
- MT4,MT5, Web based, desktop, iOS and Android
- Max. Leverage (Retail)*
- 1:30(UK/EU/AU) / 1:200(SCB)
- Negative Balance Protection
- Yes
- EUR/USD Spread
- From 0.10 pips
- GBP/USD Spread
- From 0.10 pips
- EUR/USD Spread
- From 0.10 pips
- Inactivity Fees
- $0
- Accounts
- Demo, Standard, Razor, Islamic
- Instruments Forex, CFDs, indices, shares, commodities, crypto, ETFs
Between 74-89% of retail CFD accounts lose money
- Founded
- 2008
- Segregated Accounts
- Yes
- Regulation
- ASIC, MAS, FCA,FMA, CySEC and FSA
- Max. Leverage (PRO)
- 1:300
- Headquarters
- Haifa (Israel)
- Min. Deposit
- $100
- Average Execution
- Fast
- Platforms
- Web Based, iOS, Android and Windows phone
- Max. Leverage (Retail)*
- 1:30 (UK-EU-AU) / 1:300
- Negative Balance Protection
- Yes (UK, EEA, and AU clients)
- EUR/USD Spread
- Variable
- GBP/USD Spread
- Variable
- EUR/USD Spread
- Variable
- Inactivity Fees
- $10/month
- Accounts
- Demo, Standard and Islamic
- Instruments CFDs on Indices, Forex, Commodities, Shares, Options and crypto*
This broker is under review by our team
86% of retail CFD accounts lose money
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