If you trade a commission account, commission is half your cost, and most comparison pages get it wrong by mixing per-side and round-turn quotes. That is why I rank the brokers we review on AUD commission per standard lot. ACY Securities is cheapest at A$1.50 per side, then Axi at a single A$4.50 round-turn charge, Fusion Markets at A$2.25 per side, Vantage at A$2.50 and GO Markets at A$3.00. Seven brokers sit at A$3.50 per side, where spread breaks the tie, and IC Markets is the dearest at A$4.50 per side despite some of the tightest spreads our capture has recorded. Below, I show what that means for your all-in cost.
Quick verdict: the lowest commission forex brokers in Australia right now
I give the lowest-commission title to ACY Securities, which charges A$1.50 per side on the Pro Zero account, or A$3.00 round-turn. Axi bills a single A$4.50 round-turn charge on its Pro account, and Fusion Markets matches that at A$2.25 per side; what swings it for me is the all-in cost once the spread is included. Fusion's one-lot trade comes in at A$4.65 all-in against Axi's A$4.95 in our September 2026 capture, so I want you looking at the table's all-in figure per trade because commission is only half the story.
- ACY Securities: cheapest commission, A$1.50 per side.
- Axi: A$4.50 round turn billed as one charge, 0.03 pip EUR/USD in September 2026.
- Fusion Markets: A$2.25 per side, tightest raw spread in our September 2026 capture.
- Vantage: A$2.50 per side on the RAW account.
- GO Markets: A$3.00 per side on GO Plus+.
- Eightcap: A$3.50 per side, lowest tie-group all-in on its advertised 0.0 pip floor.
- Pepperstone: A$3.50 per side, rebates cut it further.
- Global Prime: A$3.50 per side with trade receipts.
- FP Markets: A$3.50 per side plus IRESS access.
- IC Markets: A$4.50 per side, fourth-tightest eight-pair average in September 2026.
Per-side pricing is the headline number, but all-in cost per trade is what you actually pay. I treat all-in cost as the ranking figure. The comparison table shows both columns so you can weigh them together.
Commission and all-in cost comparison table
Commission data collected by Noam Korbl, RG146.
| # | Broker | Account | Commission per side (AUD) | Typical EUR/USD raw spread | All-in cost, 1 lot EUR/USD (AUD) | Visit broker | More details |
|---|---|---|---|---|---|---|---|
| 1 | #1 Lowest commission ACY Securities | Pro Zero | 1.50 | 0.16 | A$5.40 | Visit ACY Securities | |
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| 2 |  Axi | Pro | Billed round turn | 0.03 | A$4.95 | Visit Axi | |
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| 3 |  Fusion Markets | Zero | 2.25 | 0.01 | A$4.65 | Visit Fusion Markets | |
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| 4 |  Vantage | Raw | 2.50 | 0.18 | A$7.75 (May to June 2026) | Visit Vantage | |
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| 5 |  GO Markets | GO Plus+ | 3.00 | 0.09 | A$7.35 | Visit GO Markets | |
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| 6 |  Pepperstone | Razor | 3.50 | 0.10 | A$8.50 (May to June 2026) | Visit Pepperstone | |
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| 7 |  Eightcap | Raw | 3.50 | 0.00 | A$7.00 (advertised spread, not measured) | Visit Eightcap | |
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| 8 |  ThinkMarkets | ThinkZero | 3.50 | 0.16 | A$9.40 | Visit ThinkMarkets | |
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| 9 |  Global Prime | ECN | 3.50 | 0.08 | A$8.20 | Visit Global Prime | |
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| 10 |  FP Markets | Raw | 3.50 | 0.30 | A$11.55 | Visit FP Markets | |
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| 11 |  OANDA | Raw | 3.50 | 0.20 | A$10.05 (July 2026) | Visit OANDA | |
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| 12 |  Blueberry Markets | Direct | 3.50 | 0.13 | A$8.95 | Visit Blueberry Markets | |
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| 13 |  FXCM | Active Trader | 4.00 | 0.30 | A$12.55 (May to June 2026) | Visit FXCM | |
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| 14 |  IC Markets | Raw Spread | 4.50 | 0.11 | A$10.65 | Visit IC Markets | |
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| 15 |  TMGM | Edge | 5.30 (USD 3.50) | 0.10 | A$12.10 (spread not measured) | Visit TMGM | |
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Our reviews are reader supported and we may receive payment when you click on a partner site. Commission figures are in AUD per standard lot per side, taken from each broker’s current Australian disclosure, captured June 2026. TMGM bills commission in USD, so its AUD figures are converted at AUD/USD 0.66 and move with the rate. The all-in cost column uses a 1.0 standard lot EUR/USD trade at the typical raw spread from our September 2026 capture on an AUD account, with the pip value converted at AUD/USD 0.66 (AUD 15.15 per pip); rows that capture did not measure keep an earlier figure labelled with its window in the all-in cell, and are not compared across windows. Axi bills one round-turn charge on the Pro account, so no per-side figure applies and its row states the round turn.
Watch: Lowest commission forex brokers Australia.
CFDs are leveraged products and carry a high risk of loss. Most retail CFD accounts lose money. That warning is straightforward, and I need you to review the broker's PDS and TMD before trading.
1. ACY Securities: A$1.50 per side
ACY Securities charges the lowest forex commission of any broker I rank, at A$1.50 per side (A$3.00 round turn) on the Pro Zero account. The commission is billed in Australian dollars for AU clients, and EUR/USD averaged 0.16 pips in our September 2026 capture, bringing the all-in cost near A$5.40 on a one-lot EUR/USD trade. ACY has held ASIC AFSL 403863 from its Sydney base since 2011 and runs a bilingual English, Mandarin and Cantonese desk. That AUD billing means you can check the commission line without a conversion step.
All-in cost per lot
A$5.40 (EUR/USD 0.16 pips raw plus A$3.00 round turn)
Trading platforms
mt4, mt5
Minimum deposit
US$200
Regulation
ASIC AFSL 403863
Why higher here? Commission Fit weights commission alone. ACY charges A$1.50 per side on Pro Zero, the cheapest rate on this page, which lifts it above its #15 sitewide position. Platform depth, brand recognition and market range are what keep it from ranking higher overall. See the ranking method ↓
Pros & Cons
- Cheapest per-side commission in the set at A$1.50 (A$3.00 round-turn)
- EUR/USD averaged 0.16 pips in our September 2026 capture
- Bilingual English, Mandarin and Cantonese desk support
- Ranks #14 of 32 overall; platform depth, brand and market range trail the leaders
- Eight-pair spread average of 0.55 pips sits ninth tightest of the 11 raw accounts in our September 2026 capture
- Proprietary platform trails Next Generation and cTrader
2. Fusion Markets: A$2.25 per side
Fusion Markets is joint second cheapest at A$2.25 per side (A$4.50 round turn) on the Zero account, level with Axi's single A$4.50 round-turn charge. Our September 2026 capture recorded EUR/USD at 0.01 pips and a 0.09 pip average across eight majors, the tightest raw spread of all 11 raw accounts measured. That puts its round turn well below Pepperstone's A$7.00 and IC Markets' A$9.00. Fusion was founded by an ex-Pepperstone executive and is based in Melbourne under AFSL 385620. I would pick Fusion when you want raw spread performance more than brand name.
All-in cost per lot
A$4.65 (EUR/USD 0.01 pips raw plus A$4.50 round turn)
Trading platforms
mt4, mt5, ctrader, tradingview
Minimum deposit
A$0
Regulation
ASIC AFSL 385620
Pros & Cons
- Joint second-cheapest commission with Axi, Zero account at A$4.50 round-turn, with the tightest raw spread here
- Meaningfully below Pepperstone (A$7.00) and IC Markets (A$9.00)
- Founded by an ex-Pepperstone executive, Melbourne-headquartered
- Smaller broker by client volume
- Strong purely on cost rather than range or extras
- Best suited to traders who prioritise commission above all
3. Vantage: A$2.50 per side
Vantage is fourth cheapest at A$2.50 per side (A$5.00 round turn) on the RAW account. It offers a broader product range than Fusion, adding index and commodity CFDs alongside forex. Our measured EUR/USD raw spread of 0.18 pips comes from our May to June 2026 captures, and the all-in cost on those figures lands near A$7.75 on a standard lot. Vantage runs MT4, MT5 and native TradingView, and has held AFSL 428901 since 2012. I would consider Vantage when you want more than forex in one account.
All-in cost per lot
A$7.75 (EUR/USD 0.18 pips raw, May to June 2026, plus A$5.00 round turn)
Trading platforms
mt4, mt5, tradingview
Minimum deposit
A$50
Regulation
ASIC AFSL 428901
Why higher here? Commission Fit weights commission alone. Vantage charges A$2.50 per side on RAW Classic, the fourth-cheapest on this page, which lifts it well above its #24 sitewide position. Its measured spread is from our May to June 2026 captures, before the September 2026 capture. See the ranking method ↓
Pros & Cons
- Fourth cheapest commission in the set
- Broader product range than Fusion, including index and commodity CFDs
- Available on MT4, MT5 and TradingView
- Commission higher than the Fusion Zero account
- Not the tightest raw spread on measured cost
- Overall site ranking below the leaders
4. GO Markets: A$3.00 per side
GO Markets charges A$3.00 per side (A$6.00 round turn) on the GO Plus+ account. It's one of the longest running Australian brokers, holding AFSL 254963. Our September 2026 capture put EUR/USD at 0.09 pips with a 0.31 pip eight-pair average, for an all-in cost near A$7.35. I'd point you here if you want an established operator at a competitive commission rather than an outright price leader.
All-in cost per lot
A$7.35 (EUR/USD 0.09 pips raw plus A$6.00 round turn)
Trading platforms
mt4, mt5, ctrader, tradingview
Minimum deposit
A$200
Regulation
ASIC AFSL 254963
Why higher here? Commission Fit weights the round-turn commission on a raw account, which lifts GO Markets above its #12 sitewide position. See the ranking method ↓
Pros & Cons
- Fourth cheapest commission in the set
- Established AU-based broker with the Go Plus account
- Long-running operator at a competitive commission
- Commission above ACY, Fusion and Vantage
- A tie-group price rather than an outright cost lead
- Fewer headline extras than the larger brokers
5. The A$3.50 per side tie group
Pepperstone, Eightcap, ThinkMarkets, Global Prime, FP Markets, OANDA and Blueberry Markets all sit at A$3.50 per side. Commission can’t separate them, so spread is the tiebreaker. Pair this guide with our lowest-spreads page; within the September 2026 capture, Global Prime has the group’s lowest all-in and tightest eight-pair average, while Pepperstone (May to June 2026), OANDA (July 2026) and Eightcap (advertised floor) are shown on their own windows and not ranked against it. Axi left this tie when we verified its Pro pricing as a single A$4.50 round-turn charge; its corrected figures sit second in the comparison table above. I would treat the eight-pair raw average as the deciding number, and you can use it to split the tie.
Pepperstone: top-rated in the tie group
All-in cost per lot
A$8.50 (EUR/USD 0.10 pips raw, May to June 2026, plus A$7.00 round turn)
Trading platforms
mt4, mt5, ctrader, tradingview
Minimum deposit
A$0
Regulation
ASIC AFSL 414530
Why lower here? Commission Fit weights the round-turn commission on a raw account rather than the all-round strengths behind Pepperstone's #1 sitewide position. See the ranking method ↓
Why We Recommend Pepperstone
Within that tie group, Pepperstone matches the others at A$3.50 per side (A$7.00 round turn) on the Razor account. It's the highest rated broker in that pack. Razor pricing runs across MT4, MT5, cTrader and TradingView. Our May to June 2026 captures put EUR/USD at 0.10 pips with a 0.46 pip eight-pair average, and Active Trader rebates can trim the round turn toward A$5.00 above 500 lots a month. Pepperstone has held AFSL 414530 since 2013. I would look at that rebate route if you trade above 500 lots a month.
Pros & Cons
- Razor account at A$3.50 per side (A$7.00 round-turn)
- Highest-rated broker in the A$3.50 tie group
- Razor pricing across MT4, MT5, cTrader and TradingView
- Commission above the Fusion, Vantage and GO tier
- All-in cost depends on the raw spread on the day
- Best value once you weigh execution alongside cost
Eightcap: lowest all-in in the tie group
All-in cost per lot
A$7.00 (EUR/USD at the advertised 0.0 pip floor plus A$7.00 round turn)
Trading platforms
mt4, mt5, tradingview
Minimum deposit
A$100
Regulation
ASIC AFSL 391441
Why higher here? Commission Fit weights the round-turn commission on a raw account, which lifts Eightcap above its #11 sitewide position. See the ranking method ↓
Why We Recommend Eightcap
Eightcap sits in the A$3.50 per side tie group at A$7.00 round turn on the Raw account. In our May to June 2026 rolling 24-hour IceFX SpreadMonitor captures, which Noam Korbl ran on a London VPS, it averaged 0.15 pips across the eight-pair basket, tied tightest with IC Markets in that window. We did not measure its EUR/USD spread in that window; its advertised EUR/USD spread is from 0.0 pips, which is a floor, not a measurement. On that basis its all-in cost prices EUR/USD at the advertised 0.0 pip floor plus the A$7.00 round turn, at about A$7.00 for a standard lot. Eightcap has operated under AFSL 391441 since 2011 and runs MT4, MT5, TradingView and TradeLocker. I would call Eightcap the value pick here, and that all-in figure is the one you can check against the table.
Pros & Cons
- Raw account at A$3.50 per side (A$7.00 round-turn)
- Eight-pair raw average of 0.15 pips in May to June 2026
- Lowest tie-group all-in only on its advertised 0.0 pip floor, not a measured spread
- Commission above the sub-A$7 leaders
- EUR/USD raw spread has not been measured
- Smaller brand than the incumbent names
6. FXCM: A$4.00 per side
Above the tie group on commission. Long-established US-listed brand, broad platform support.
7. IC Markets: A$4.50 per side
IC Markets is the dearest on commission at A$4.50 per side (A$9.00 round turn) on the Raw Spread account, but its 0.26 pip eight-pair average was fourth of the 11 raw accounts in our September 2026 capture, with EUR/USD at 0.11 pips; Fusion Markets was tightest. On heavily traded pairs that comparatively tight spread can claw back some of the higher commission, so the all-in cost near A$10.65 depends on the pair. IC Markets has held AFSL 335692 since 2009 and runs MT4, MT5 and cTrader. I would treat IC Markets as a spread-led choice, and you need the pair-specific all-in cost before judging it.
How commission accounts actually price
Per side vs round-turn
Commission is charged in two halves: once when you open a trade and once when you close it. A per-side figure is one half; round-turn is both halves added together. A broker quoting A$3.50 per side charges you A$7.00 round-turn on a standard lot. Always check which figure a broker is quoting, because comparing per-side against round-turn makes one look twice as cheap as it really is. I would always want the round-turn figure shown beside the per-side quote.
Why near-zero spread plus commission can beat zero-commission accounts
Active traders will find a raw account pairs a near-zero spread with a fixed commission and usually works out cheaper all-in, because the spread saving over many trades outweighs the commission. A standard account folds the cost into a wider spread with no commission line. For occasional traders, a tight standard account can be similar without the commission maths. I would choose the raw account for active volume, and the maths shifts further in your favour as trade count grows.
Commission is half the cost, spread is the other half
Judging a broker on commission alone misleads you. A broker with the cheapest commission but a wider spread can be dearer all-in than one with a tighter spread and a higher commission. That’s why every row in our comparison table shows both numbers, and the all-in cost column adds them up. I keep the all-in column central for exactly that reason. The spreads come from our September 2026 capture on a London VPS, which Noam Korbl ran, with rows it did not measure labelled by their own window.
If you want the spread-led view of the same accounts, see lowest spread forex brokers. For why these accounts run no dealing desk and what that means for you, read ECN forex brokers. To total spread and commission for your own volume, our trading calculators include a broker cost calculator alongside margin and pip value tools.
A commission in dollars and a spread in pips aren’t directly comparable until you convert one into the other. The card below takes Pepperstone’s Razor pricing, its measured EUR/USD spread with the A$7.00 round turn, and shows what that commission is worth in pips: the figure a no-commission account has to beat.
Hidden fees beyond commission
Watch for these:
- Overnight swap or financing on positions held past rollover (usually 5pm New York time). Long positions are charged, short positions sometimes credited when rates are positive.
- Currency conversion if your account base differs from the instrument. Trading US shares from an AUD account converts twice, once at entry and once at exit.
- Inactivity fees after a dormant period (varies, typically 6 to 12 months).
- Withdrawal fees on some methods, especially international wire.
One small commission difference can be wiped out by a high conversion margin or a monthly inactivity fee, so I recommend checking each broker’s full schedule, not just the headline number. To see the all-in figure for your own trade volume, run the numbers through our broker cost calculator.
AUD-base accounts and currency-conversion cost
For Australian traders, an AUD-base account avoids conversion on AUD pairs and on the commission itself, which usually beats a USD-base account. Where a broker quotes only USD commission, convert to AUD at the current rate to compare. Our commission column in the table above is AUD; some brokers’ marketing pages still show USD.
Compare brokers by the factor that decides it
Each shortlist below re-ranks the market for one decision factor, tested the same way as this page, and I have kept the methodology identical so you can compare them directly.
The platform decides it
Rankings change once the trading software is fixed. Pick yours first, then compare.
Your strategy decides it
Execution speed, copy functionality and EA support separate these shortlists.
What you trade decides it
CFD shortlists re-ranked for the asset class you trade most.
FAQs
What is the lowest forex commission in Australia?
What is the difference between per-side and round-turn commission?
Is a commission account cheaper than a zero-commission account?
What is the all-in cost of a forex trade?
Why does IC Markets charge more commission but still rank well overall?
Are there fees beyond spread and commission?
Which forex broker has the lowest fees in Australia?
Related pages
About the author
Justin co-founded CompareForexBrokers in 2014 and has traded forex since 1998. Based in Melbourne, he has tested every ASIC-regulated broker on this site personally and has written for Forbes, Kiplinger, Finance Magnates, the Australian Financial Review and The Age. He holds a Bachelor of Commerce (Honours) and a Master of Marketing from Monash University. Justin is the co-founder and CEO of CompareForexBrokers.