🇦🇺Australia Expert-reviewed Updated May 2026
Best Brokers in Australia (2026)
12 top-rated brokers ranked for traders in Australia. Every pick is independently scored on regulation, fees, platforms and markets — no paid placements.
Quick Answer
There are 49 regulated brokers available to traders in Australia, led by Interactive Brokers (4.43/5). 12 of them hold tier-1 licences (FCA, ASIC, CySEC or equivalent). Average minimum deposit is $234. Forex trading in Australia is regulated by the Australian Securities and Investments Commission (ASIC).
See all brokers below49
Brokers available
12 of 12
Tier-1 regulated
$234
Avg min deposit
1:1,000
Max leverage
Trading in Australia
Australia has a well-developed retail trading market regulated by ASIC (Australian Securities and Investments Commission). ASIC is considered a tier-1 regulator globally, enforcing strong standards on broker capital, fund segregation, and product disclosure. Many international brokers hold an ASIC licence as a mark of credibility.
Australian retail traders are subject to ASIC's product intervention measures: leverage is capped at 1:30 on major forex pairs, negative balance protection is mandatory, and CFD issuers must provide target market determinations. ASIC-licensed brokers also have access to the Australian Financial Complaints Authority (AFCA) for dispute resolution.
Top 3 brokers in Australia compared
Top 12 Brokers in Australia
How we chose: We evaluated 49 brokers available to traders in Australia and ranked them by ASIC compliance, trading fees, platform quality, and markets offered. Only brokers with verifiable regulation and segregated client funds were included. Scores are calculated by our independent rating algorithm — no broker pays for placement.
#1 Top Pick in Australia
Regulated: SEC, CFTC, FCA
Spread from: 0.2 pips
Min deposit: None
Markets: stocks, forex, cfd, indices
Advanced tools for professional traders Access to 150+ markets in 33 countries
Regulated: FCA, CFTC, ASIC
Spread from: 0.8 pips
Min deposit: $100
Markets: forex, cfd, stocks, indices
Regulated: FCA, ASIC, MAS
Spread from: 0.6 pips
Min deposit: $250
Markets: cfd, forex, stocks, indices
Regulated: FCA, CySEC, ASIC
Spread from: 0.6 pips
Min deposit: $100
Markets: forex, cfd, stocks, indices
Regulated: ASIC, FCA, CySEC
Spread from: 0 pips
Min deposit: $200
Markets: forex, cfd, crypto, stocks
Regulated: FCA, CFTC, ASIC
Spread from: 0.6 pips
Min deposit: None
Markets: forex, cfd, indices, commodities
Regulated: FCA, ASIC, MAS
Spread from: 0.5 pips
Min deposit: None
Markets: cfd, forex, stocks, indices
Regulated: FCA, ASIC, MAS
Spread from: 0.7 pips
Min deposit: None
Markets: cfd, forex, stocks, indices
Regulated: CySEC, ASIC, FCA
Spread from: 0.6 pips
Min deposit: $5
Markets: forex, cfd, stocks, indices
Regulated: FCA, CySEC, ASIC
Spread from: 1 pips
Min deposit: $50
Markets: stocks, crypto, forex, indices
Regulated: FCA, MAS, ASIC
Spread from: 0.4 pips
Min deposit: $2000
Markets: stocks, forex, cfd, indices
Regulated: FCA, CySEC, ASIC
Spread from: 0.6 pips
Min deposit: $100
Markets: cfd, forex, stocks, indices
Compare top brokers in Australia
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Risk warning: Trading CFDs and forex carries significant risk and may not be suitable for all investors. Ensure you understand the risks involved before depositing any funds. Capital is at risk.
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Frequently Asked Questions
1Which broker is best for traders in Australia?
Interactive Brokers is our top-rated broker available in Australia with a BrokerRank score of 4.43/5, offering competitive fees, strong regulation, and a wide range of markets.
2Who regulates forex trading in Australia?
Forex trading in Australia is regulated by the Australian Securities and Investments Commission (ASIC). Brokers operating in Australia should hold a licence from ASIC or an equivalent recognised regulator. International brokers regulated by FCA (UK), ASIC (Australia) or CySEC (EU) are also commonly used by traders in Australia.
3Is forex trading legal in Australia?
Yes, forex trading is legal in Australia and is regulated by the Australian Securities and Investments Commission (ASIC). Traders should use brokers that are licensed by ASIC or hold equivalent international regulation to ensure legal protection and fund safety.
4Are online brokers legal in Australia?
Online forex and CFD trading is legal in Australia when using a regulated broker. The primary regulator is Australian Securities and Investments Commission (ASIC). Always verify that the broker you choose holds a valid licence from a recognised financial regulator before depositing funds.
5Is it safe to trade forex in Australia?
Trading forex in Australia is safe when you use a properly regulated broker. Choose a broker licensed by ASIC, which requires client fund segregation, regular audits, and transparent pricing. Key safety measures include: keeping funds in segregated accounts, enabling two-factor authentication, and never investing more than you can afford to lose.
6What should I look for in a broker as a trader in Australia?
Key factors include ASIC regulation or equivalent, local currency support to avoid conversion fees, competitive spreads, and a platform that suits your trading style. Our rankings above are filtered to brokers that accept clients from Australia.
7Do I need to pay tax on forex profits in Australia?
Tax treatment of forex trading profits varies by country and individual circumstances. In Australia, trading profits may be subject to capital gains tax, income tax, or other levies depending on your trading frequency and status. Consult a qualified tax advisor in Australia for guidance specific to your situation. BrokerRank does not provide tax advice.
8How do I compare brokers in Australia?
Use BrokerRank's comparison tool to view any two brokers side-by-side across fees, regulation, platforms and markets. Visit /compare to build your own comparison.
9What is the best forex broker in Australia for beginners?
For beginner traders in Australia, the best forex broker is one with a low minimum deposit, an intuitive platform, and strong educational resources. Interactive Brokers is our top-rated pick for Australia overall. Look for brokers offering demo accounts, clear fee structures, and responsive customer support in your language.
Deposit methods accepted by top brokers in Australia
Bank Wire12/12
Credit Card12/12
Skrill12/12
Neteller12/12
PayPal12/12
Crypto6/12
Based on 12 top-rated brokers available in Australia. Bank transfer and credit cards are universally accepted.
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Australia broker regulation
Brokers available in Australia are regulated by Australian Securities and Investments Commission (ASIC).
ASIC Regulator Review — requirements, broker list, safety rating