Why use compare forex brokers before trading in Australia?
Compare Forex Brokers is Australia’s leading forex broker comparison site. We help Australian forex traders find the best ASIC regulated forex brokers based on spreads, leverage, reviews and more.
Within this website you will find the best forex trading reviews and comparison tables. These include our best forex trading platform comparison, high leverage best forex brokers and a comparison of Australian forex brokers. The site doesn’t sell or push any currency trading account, rather the key facts are provided to help you make an informed decision. Any online forex trading recommendation is backed up with the facts to maximise transparency.
Forex Brokers Comparison Methodology Explained
Compare Forex Brokers was created by real Australian’s who have worked with the forex industry for several years. Our experienced individuals collected information based on different Australian regulated ecn broker and their platforms such as MetaTrader websites. No scraping or automation is used on compare forex brokers to ensure the highest top forex broker Australia comparisons are made. Feel free to let us know of your thoughts about the forex market or our comparison tables!
Along with our top forex broker Australia comparison tables, you can also get information on trading forex markets, trading strategies, CFDs, Australia forex courses and currency trading strategies. These articles and the blog are ideal for those looking to get started or enhance their currency trading skills.
So whether you’re a beginner looking to trade currencies for the first time or an experienced forex trader, you have come to the right place!
What Is The Best Forex Broker In Australia?
The best Australian forex broker is Pepperstone based on their MetaTrader 4 and cTrader forex trading platform, low fees and award winning customer service. Other leading online forex brokers in Australia include IC Markets, AvaTrader, Plus500, EasyMarkets, FXCM and AxiTrader who are a ECN broker.
You can view the full list of forex brokers in Australia and recommendations based on what your looking for when it comes to trading forex.
What Is The Best Forex Broker For Beginners?
Beginner forex traders are recommended to use EasyMarkets based on the fx brokers fixed spreads that bring transparency to trading costs combined with risk management tool. These tools include guaranteed stop loss orders and Deal Cancellation allow a currency trader to exit within an hour of a trade.
The full beginner forex broker table and the EasyMarkets broker review can be viewed on this dedicated page.
What Is The Best Forex Broker For Expert Traders?
Advanced currency trading requires an ECN broker to keep costs down when CFD trading as well as an advanced trading platform both of which IC Markets offers. Our broker ratings leading to this recommendation also factored in the high leverage that IC Markets offer which is 500:1
The full advanced forex trader table provides the details comparison of online brokers.
Understanding The Risks Of Forex Trading
Currency trading is a leveraged product which means that an fx broker will amplify your deposit up to 500 times. This leverage means there is a real possibility of losing your money so it’s important to understand the risks involved and consider options such a practice accounts.