If you trade a commission account, the commission is half your cost and most comparison pages quote it wrong by mixing per-side and round-turn. So I have ranked the reviewed brokers on AUD commission per standard lot, per side. ACY Securities is cheapest at A$1.50, then Fusion Markets at A$2.25, Vantage at A$2.50 and GO Markets at A$3.00. Nine brokers tie at A$3.50, where spread becomes the tiebreaker, and IC Markets is the dearest at A$4.50 despite having some of the tightest spreads I have tested. Here is what that means for your all-in cost.
Quick verdict: the lowest commission forex brokers in Australia right now
ACY Securities is the lowest commission forex broker in Australia at A$1.50 per side (A$3.00 round-turn) on the Pro Zero account. Fusion Markets at A$2.25 and Vantage at A$2.50 per side are next cheapest, and Fusion still wins on the tightest raw spread. Commission is half the cost, so the table shows the all-in figure per trade.
- ACY Securities: cheapest commission, A$1.50 per side.
- Fusion Markets: A$2.25 per side, tightest raw spread.
- 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, cheapest all-in of the tie group.
- Axi: A$3.50 per side, MT4 EA specialist.
- 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, offset by the tightest spreads.
Per-side pricing is the headline; all-in cost per trade is the truth. Both columns are in the table.
Commission and all-in cost comparison table
Commission data collected by Noam Korbl, RG146.
| Broker | Account | Commission per side (AUD) | Round-turn (AUD) | Typical EUR/USD raw spread | All-in cost, 1 lot EUR/USD (AUD) | AFSL |
|---|---|---|---|---|---|---|
 ACY Securities | Pro Zero | 1.50 | 3.00 | 0.10 | A$4.54 | 403863 |
 Fusion Markets | Zero | 2.25 | 4.50 | 0.04 | A$5.12 | 385620 |
 Vantage | Raw | 2.50 | 5.00 | 0.18 | A$7.77 | 428901 |
 GO Markets | Raw | 3.00 | 6.00 | 0.10 | A$7.54 | 254963 |
 Pepperstone | Razor | 3.50 | 7.00 | 0.10 | A$8.54 | 414530 |
 Eightcap | Raw | 3.50 | 7.00 | 0.00 | A$7.00 | 391441 |
 Axi | Pro | 3.50 | 7.00 | 0.00 | A$7.00 | 318232 |
 ThinkMarkets | ThinkZero | 3.50 | 7.00 | 0.11 | A$8.69 | 424700 |
 Global Prime | ECN | 3.50 | 7.00 | 0.10 | A$8.54 | 385620 |
 FP Markets | Raw | 3.50 | 7.00 | 0.14 | A$9.15 | 286354 |
 OANDA | Raw | 3.50 | 7.00 | 0.20 | A$10.08 | 412981 |
 FXCM | Active Trader | 4.00 | 8.00 | 0.30 | A$12.61 | 309763 |
 IC Markets | Raw Spread | 4.50 | 9.00 | 0.01 | A$9.15 | 335692 |
 Blueberry Markets | Direct | 5.38 (USD 3.50) | 10.77 (USD 7.00) | 0.04 | A$11.38 | 535887 |
 TMGM | Edge | 5.38 (USD 3.50) | 10.77 (USD 7.00) | 0.20 | A$13.85 | 436416 |
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. Blueberry Markets and TMGM bill commission in USD, so their AUD figures are converted at AUD/USD 0.65 and move with the rate. The all-in cost column uses a 1.0 standard lot EUR/USD trade at the tested typical raw spread on an AUD account, with the pip value converted at AUD/USD 0.65 (AUD 15.38 per pip).
Watch: Lowest commission forex brokers Australia.
1. ACY Securities: A$1.50 per side
ACY Securities charges the lowest forex commission of any broker on this list, at A$1.50 per side, or A$3.00 round turn per standard lot, on the Pro Zero account. That commission is billed in Australian dollars for AU clients, and EUR/USD averaged 0.10 pips across our May to June 2026 captures, giving an all-in cost near A$4.54 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.
ACY Securities: Cheapest Commission
Round-turn commission
A$3.00
EUR/USD raw spread
0.10 pips
All-in cost, 1 lot
A$4.54
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 #14 sitewide position. Platform depth, brand recognition and market range are what keep it from ranking higher overall. See how we score
Pros & Cons
- Cheapest per-side commission in the set at A$1.50 (A$3.00 round-turn)
- EUR/USD averaged 0.10 pips in our May to June 2026 captures
- Bilingual English, Mandarin and Cantonese desk support
- Ranks #14 of 29 overall; platform depth, brand and market range trail the leaders
- Eight-pair spread average of 0.41 pips sits 11th of 16 raw accounts
- Proprietary platform trails Next Generation and cTrader
2. Fusion Markets: A$2.25 per side
Fusion Markets is the second cheapest at A$2.25 per side, A$4.50 round turn on the Zero account, with EUR/USD measured at 0.04 pips and a 0.36 pip average across eight majors, the tightest raw spread of the three cheapest brokers here. Its round turn sits well below Pepperstone at A$7.00 and IC Markets at A$9.00. Fusion was founded by an ex-Pepperstone executive and is headquartered in Melbourne under AFSL 385620.
Fusion Markets: Second-Cheapest, Tightest Spread
Round-turn commission
A$4.50
EUR/USD raw spread
0.04 pips
All-in cost, 1 lot
A$5.12
Pros & Cons
- Second-cheapest commission, 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 third cheapest at A$2.50 per side, A$5.00 round turn on the RAW account, with a broader product range than Fusion that adds index and commodity CFDs alongside forex. Its measured EUR/USD raw spread of 0.18 pips is wider than the leaders, so the all-in cost lands near A$7.77 on a standard lot. Vantage runs MT4, MT5 and native TradingView, and has held AFSL 428901 since 2009.
Vantage: Third-Cheapest, Broader Range
Round-turn commission
A$5.00
EUR/USD raw spread
0.18 pips
All-in cost, 1 lot
A$7.77
Why higher here? Commission Fit weights commission alone. Vantage charges A$2.50 per side on RAW Classic, the third-cheapest on this page, which lifts it well above its #21 sitewide position. Its wider measured spread is what separates it from the leader. See how we score
Pros & Cons
- Third 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, and is one of the longest running Australian brokers, holding AFSL 254963 since 2006. EUR/USD averaged 0.10 pips in our testing with a 0.24 pip eight-pair average, for an all-in cost near A$7.54. It suits traders who want an established operator at a competitive commission rather than an outright price lead.
GO Markets: Established Low-Cost Operator
Round-turn commission
A$6.00
EUR/USD raw spread
0.10 pips
All-in cost, 1 lot
A$7.54
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, Axi, ThinkMarkets, Global Prime and FP Markets all sit at A$3.50 per side. Since commission cannot separate them, the spread does. Pair this guide with lowest-spreads for the tiebreaker; Eightcap and Axi tested tightest on the eight-pair raw average.
Pepperstone: top-rated in the tie group
Round-turn commission
A$7.00
EUR/USD raw spread
0.10 pips
All-in cost, 1 lot
A$8.54
Why We Recommend Pepperstone
Pepperstone matches the tie group at A$3.50 per side, A$7.00 round turn on the Razor account, and is the highest rated broker in that group. Razor pricing runs across MT4, MT5, cTrader and TradingView, with EUR/USD measured at 0.10 pips and a 0.46 pip eight-pair average, and Active Trader rebates can cut the round turn toward A$5.00 above 500 lots a month. Pepperstone has held AFSL 414530 since 2010.
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
Round-turn commission
A$7.00
EUR/USD raw spread
0.00 pips
All-in cost, 1 lot
A$7.00
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, and it tested tightest of that group alongside Axi, with EUR/USD at 0.00 pips and a 0.15 pip eight-pair average. That combination gives it the lowest all-in cost in the tie at about A$7.00 for a standard EUR/USD lot. Eightcap has operated under AFSL 391441 since 2009 and runs MT4, MT5, TradingView and TradeLocker.
Pros & Cons
- Raw account at A$3.50 per side (A$7.00 round-turn)
- Tested tightest on the eight-pair raw average alongside Axi
- Lowest all-in cost in the A$3.50 tie group
- Commission above the sub-A$7 leaders
- Raw spread advantage is marginal over the tie group
- 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 it also measured the tightest spreads of the set, with EUR/USD at 0.01 pips and a 0.15 pip eight-pair average. On heavily traded pairs that tight spread can claw back the higher commission, so the all-in cost near A$9.15 depends on the pair. IC Markets has held AFSL 335692 since 2007 and runs MT4, MT5 and cTrader.
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 A$7.00 round-turn on a standard lot. Always check which figure a broker is quoting, because comparing a per-side number against a round-turn number makes one look twice as cheap as it is.
Why near-zero spread plus commission can beat zero-commission accounts
A raw account pairs a near-zero spread with a fixed commission. A standard account folds the cost into a wider spread with no commission. For active traders the raw account is usually cheaper all-in, because the spread saving over many trades outweighs the commission cost. For occasional traders, a tight standard account can work out similar without the commission maths.
Commission is half the cost, spread is the other half
Commission alone misleads. A broker with the cheapest commission but a wider spread can be dearer all-in than a broker with a tighter spread and a higher commission. That is why every row in the table above shows both, and the all-in cost column adds them up.
For the spread-led view of the same accounts, see lowest spread forex brokers. For the execution-model view (why these accounts run no dealing desk and what that means), see ECN forex brokers.
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.
A small commission difference can be wiped out by a high conversion margin or a monthly inactivity fee, so check each broker’s full schedule, not just the headline number. To see the all-in figure at your own trade volume, run the numbers through our broker cost calculator.
AUD-base accounts and currency-conversion cost
An AUD-base account avoids conversion on AUD pairs and on commission, which usually wins over a USD-base account for an Australian trader. Where a broker quotes only USD commission, convert to AUD at the current rate to compare. The 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.
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?
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Why does IC Markets charge more commission but still rank well overall?
Are there fees beyond spread and commission?
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 Strategic Head of Research for the site.