Finding a good broker that offers a low spread is crucial as this can affect your profitability。What are the best low spread brokers in Australia？

Australian Forex Brokers Very Popular Among Residents。Of the many options, low spread brokers remain the most popular。

But where to find the best low spread broker in Australia？

There are a lot of brokerages in Australia, but finding a broker with the best low spread account can be challenging, and the key is to find an ASIC-regulated or Australia-based low spread broker.。

Here are the recommendations of 7 Australian low spread brokers for your consideration:

1. IC Markets: from 0.Start at 0: 00
   Pepperstone: Start at 0
   FP Markets: from 0.Start at 0: 00
   Vantage FX: from 0.Start at 0: 00
   CMC Markets: as low as 0.7 o'clock
   Avatrade: from 0.Start at 5: 00.
   Saxo Markets Australia: from 0.Start at 1: 00

Below is a full explanation of the above broker。

1. IC Markets

IC Markets is one of the best low spread brokers in Australia with the aim of providing solutions for all types of traders, including scalpers and day traders.。Their account spreads are as low as 0..0, making them one of the lowest spread accounts in the rest of the country.。

IC Markets also offers a variety of payment methods to ensure that customers are provided with low-latency connections to increase transaction speed without slippage。IC Markets are also regulated by ASIC, so there is no question of legality。

Speaking of trading platforms, IC Markets trusts the popular MetaTrader 4 and 5。They also offer cTrader for those who prefer to trade with premium charts, all available for PC and mobile platform display。

There's a reason why IC Markets is considered one of Australia's best brokers。First, the broker was formed by a team of financial services professionals, and its exponential growth over the years has made it one of the largest providers of regulated CFDs.。

IC Markets understands that customer security comes first, ensuring that the transfer of confidential and sensitive customer information inside and outside the company is maintained and monitored on a need-to-know basis。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. Pepperstone

A broker founded in 2010 and regulated by ASIC, Pepperstone's lowest spreads start at 0, making it one of the best low spread brokers in Australia.。To ensure there is no slippage, Pepperstone claims it takes less than 30 milliseconds to execute an order, which is ideal for scalpers or expert advisor users.。

Pepperstone supports social transactions and documentary transactions using third-party services。They work with a wide range of social trading platforms to help clients get the best strategies from the best traders in the world。Some of the platforms they use are Myfxbook, MetaTrader Signals and DupliTrade, which are popular for their multiple deposit options。

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Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。

Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。

They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。

Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:

Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions

With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。

As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。

Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。

When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。

Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。

Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。

Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。

As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。

If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。

Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。

3. FP Markets

FP Markets low spread account from 0.0 for more than 10,000 tradable CFD products from brokers。Transparent pricing and commissions place FP Markets among the best low spread brokers in Australia。They also try to minimize slippage by using best-in-class technology to provide low-latency order execution。

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Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:

ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。

4. Vantage FX

Vantage FX is an ECN broker with spreads as low as 0.0 pips, one of the best low spread brokers in Australia。Founded in 2009, the company has earned a reputation for being transparent to its customers.。Vantage FX uses MetaTrader 4 and 5 as its trading platform。

There are multiple account types for traders to choose from, and opening an account in Vantage FX is relatively simple and quick。However, they also offer the Vantage FX app to support mobile trading.。The app is very easy to use and allows users to access hundreds of forex pairs, commodities, indices, stock CFDs and more。In addition, traders can withdraw money at any time in a variety of ways。

5. CMC Markets

The lowest spreads of CMC Markets are not low compared to other brokers, but they can still offer as low as 0.7 pips spread and therefore one of the best low spread brokers in Australia。

In addition, their transaction fees only vary from 0.Since 1%, its award-winning trading platform is equipped with technical indicators, plotting tools and price forecasting tools.。Customers can access the platform from PC and mobile devices such as iPhone, iPad and Android。

6. Avatrade

The ASIC-regulated broker was founded in 2006 and has built a strong reputation for itself.。Currently, their lowest point difference is 0.5 points, slightly higher than most brokers on this list, but still satisfactory。

In addition to being one of the best low spread brokers in Australia, Avatrade also facilitates its clients through AvaTradeGo as a mobile app。It offers intuitive management tools, clear charts, detail scaling, and other unique trading features。

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Avatrade is one of the most comprehensive brokers, supporting almost all trading styles。Avatrade not only allows hedging, scalping and expert advisors (EA), but also completes its services through one cancellation of another order (OCO) and automated trading in many variants of automated trading systems.。

Founded in 2006, AvaTrade's primary mission is to allow people to trade with confidence.。If traders are still confused about the best broker to support traders trading, AvaTrade may be the trader's choice, as it has been evaluated and recognized for some of the industry's most outstanding financial and technical achievements for its clients.。

In 2019, the Dublin-based broker acquired Daytrading."Best Forex Broker 2019" by com。In addition, the company has been honored as "Best Forex Broker," "Best Bitcoin CFD Trading Provider of the Year" and "Best Alliance Program in Europe."。

In addition, for more liquid traders, AvaTrade offers a number of platforms that allow traders to trade using laptops and mobile phones。The availability of the free Autochartist tool in the platform is the best support for both novice and experienced traders, as it makes it easier for them to find trading opportunities without having to look at the chart all day。

Autochartist free signals available in gold accounts, platinum accounts and AVA Select。By opening an account with AvaTrade, traders do not have to pay for the full Autochartist service。Autochartist itself is a market scanning tool that can detect trading signals from various technical perspectives.。

Traders can access AvaTrade on multiple platforms such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading and AvaOptions。

On the regulatory side, AvaTrade has a large number of credible licenses that guarantee security even with deposits as high as $10,000.。AvaTrade uses a separate account system, subject to the Central Bank of Ireland (No..C53877), ASIC Australia (No.406684), Japan JFSA (No.1662) and South Africa (FSP 45984) regulatory。

In the event of extreme market volatility, will traders suddenly lose more than their deposits?？AvaTrade explicitly answers no because traders have negative balance protection。

AvaTrade has a minimum deposit of $100 and offers different leverage depending on the trading instrument; whether it is Forex (30: 1 start), Indices (20: 1 start), Commodities (5: 1 start), ETFs (5: 1 start) or Cryptocurrencies (2: 1 start)。

AvaTrade is committed to maintaining a set of customer-related values。As a result, the company offers the best trading experience with multilingual customer service and the most advanced and user-friendly trading platform.。

New traders can also learn Forex trading in the "Education" tab of the official AvaTrade website。Traders will find tons of articles, video tutorials and more tools to help them every step of the way。This is an important requirement as the forex market can be a bit unbearable and even scary at times, so traders need to make sure they are fully prepared before they start trading in a live account。

AvaTrade offers a variety of account types, as well as Islamic trading accounts specifically for Muslim traders.。The Islamic account type is similar to the regular account type with one key difference; it does not charge any special fees or interest (no overnight interest), which is in line with the financial principles of Islamic law。

Traders can choose AvaTrade as an ideal option if they are confident in forex trading。The minimum deposit and the various platforms offered are suitable for beginners trying Forex trading for the first time。

7. Saxo Markets Australia

Saxo Markets Australia is part of Saxo Group, the brokerage firm offers 0.Low spread accounts from 1 o'clock.。Saxo Group launches online trading platform and continues to provide quality services to traders。Their award-winning platform SaxoTraderGo provides mobile traders with a smooth trading experience, and traders can enjoy many features, including technical and fundamental analysis tools, multiple charts, news and expert research, and more。

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Saxobank was founded in Denmark in 1992 as a brokerage firm.。Currently, they have infiltrated their online banking and foreign exchange trading businesses internationally, and the company is hailed as one of the best in the industry.。

Saxobank's innovative platform is used by Microsoft's global institutions, Barclays Stockbrokers Ltd and TD Waterhouse。These platforms include the award-winning trading platform SaxoTraderGO and are offered as the flagship of Saxobank。The other two platforms are SaxoTraderPRO and SaxoInvestors, each with its advantages and features。

SaxoTraderPRO is suitable for advanced traders and institutional customers. It can trade faster by quickly turning off all functions and viewing the trade order book and execution report in real time; on the other hand, Saxo TraderGO is a platform for retail traders, which can be easily managed through a single account Portfolio。For example, traders can get real-time and historical reports of net positions。

As for Saxo Trader, it is a user-friendly case product platform tailored for retail investors. There are several advantages, including browsing curated themes and pre-made screenings。In addition, clients can choose a diversified portfolio。It is a responsive platform accessible from any device。

The Saxobank website caters to international clients and is available in dozens of languages on the Saxobank website。In addition to English, there are Japanese, Mandarin, French, Italian, Indonesian and so on。

When customers choose Saxobank, they choose to trade with a fully regulated industry leader that complies with strict regulatory requirements in 15 financial centers around the world, including the UK, Singapore, Hong Kong and Denmark.。

Another advantage is that there are many options for the instruments that traders can trade on Saxobank, covering 40,000 instruments in 184 forex pairs, 9,000 CFDs, 19,000 shares, 200 stock options, 2,500 ETFs, futures, gold, silver and more.。

Since the company also doubles as a bank, Saxobank's execution speed can be guaranteed。However, some traders may feel that Saxobank is not suitable for individual trading because the minimum capital is too large and spreads and commissions are a burden for many clients.。The spread charged by Saxobank for each pair is quite large, so it is not suitable for scalpers; at the same time, commissions start at $1。

In addition, Saxobank often stops trading for a few seconds before important news releases and does not reactivate until after the news release, which leaves message traders with no best chance to act in Saxobank.。

In fact, the deposit amount can be adjusted according to the account level chosen by the customer。Saxobank accounts are divided into three levels, including Classic (minimum funding of £500), Platinum (minimum funding of £50,000) and VIP (minimum funding of £1,000,000)。Customers can use 1: 200 leverage with a minimum of 0 lots.05。

Saxobank provides traders with various tools. Each account level has its own facilities, which can be adjusted according to the needs of traders. The higher the level, the more complete the facilities provided。

For example, a trader with a VIP account will get a personal relationship manager and 24-hour direct access to a trading expert.。These facilities cannot be found when traders choose classic and platinum accounts。

For enterprise customers, Saxobank offers 40,000 tools with 1: 1 support from expert account managers and security from their more than 25 years of experience。

If customers meet professional standards, they can join Saxobank's professional account。The criteria discussed include having a financial portfolio of more than approximately €500,000, having conducted at least 20 large-scale related transactions in the past four quarters, and having worked in the financial sector for at least one year.。

In addition, Saxobank has more than 100 institutional experts in offices in major financial centres such as Denmark, London, Singapore, Shanghai, Hong Kong, Switzerland and Dubai, where clients can choose the location closest to their region.。With this support, Saxobank is optimistic about providing the right solution for the customer's business。

From the above explanation, it can be concluded that Saxobank is more suitable for those with deep pockets of forex traders who are interested in forex trading as a portfolio.。The broker's business focus is also more oriented towards institutional clients rather than retail clients.。

Conclusion

Spreads affect the profits and losses that a person may make, so it is best to choose the best broker for a low spread account。However, you need to be careful when choosing, bad brokers may manipulate spreads without the client's knowledge。This differs from floating spreads, which vary according to market fluctuations。

To avoid broker cheating, make sure you choose a reputable broker that is regulated by the region's governing body。If you are an Australian trader, consider choosing one of the above brokers。