What to look for when looking for the best broker in Australia？This article will give you a detailed introduction, answer questions。

How to Choose the Right Forex Broker？What to do if you are an Australian trader and only want to trade with an Australian authorised broker？

There are some excellent ASIC regulated brokers to choose from, which will be discussed below about each of the above brokers。

1. IC Markets

Founded in 2007 and operated by International Capital Markets Pty, IC Markets offers various types of trading platforms。They are all well-known trading platforms with high performance and proven reliability。

They also have other advantages, such as low spreads and multiple deposit and withdrawal methods, suitable for all trading platforms。IC Markets is also known for offering a complete education center for new traders。

🏢Broker	IC Markets
Australian Regulatory Authority	Australian Securities and Investments Commission (ASIC) Australian Financial Services Licence (AFSL) No.: 335692
💻Trading platform	MT4, MT5, cTrader
🔃Point difference	0.0 point
💰Margin	From $6 (round transactions)

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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. Admirals

With more than 15 years of industry experience, Admirals operates in multiple jurisdictions around the world, including in Australia, Admiral Markets Pty Ltd, an ASIC-licensed company with its registered office in Sydney.。

The broker, which previously operated under the Admiral Markets trademark, is known for its wide range of trading instruments, covering forex, equity CFDs, ETFs, indices, bonds and various commodities.。Traders can register in one of their flexible trading accounts with different trading specifications to support all types of traders。Also provides powerful software and quality assurance to increase the trading experience。

🏢Broker	Admirals
Australian Regulatory Authority	Australian Securities and Investments Commission (ASIC) Australian Financial Services Licence (AFSL) No.: 410681
💻Trading platform	MT4, MT5, WebTrader
🔃Point difference	0 point
💰Margin	Starting at 0.$02 (per share)

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3. FP Markets

Founded in 2005 and owned by First Prudential Markets Pty, FP Markets offers an online forex and CFD trading platform.。The broker also offers Iress as a recommendation platform for professional trading as it has more advanced features and supports trading of over 10,000 global stocks.。

Spreads are as low as zero on the FP market as brokers claim to offer true ECN patterns。FP Markets traders also have a large number of trading accounts, whether spot forex trading or CFD trading; one of the main disadvantages is that their commissions are relatively higher than other brokers。

🏢Broker	FP Markets
Australian Regulatory Authority	Australian Securities and Investments Commission (ASIC) Australian Financial Services Licence (AFSL) No.: 286354
💻Trading platform	MT4, MT5, WebTrader
🔃Point difference	0.0 point
💰Margin	From $6 (round transactions)

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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 credits in the form of real-time swap rate listings on the MT4 and MT5 platforms, as exemplified below.

• 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. Pepperstone

Pepperstone is an Australian broker founded in 2010 by experienced traders.。Currently, the broker has offices worldwide, including Limassol, Dusseldorf, London, Melbourne, Dubai and Nairobi.。Pepperstone is designed to provide the lowest spreads for all types of traders, as well as a variety of deposit payment methods, as well as the best quality prices, products, speed and services。

🏢Broker	Pepperstone
Australian Regulatory Authority	Australian Securities and Investments Commission (ASIC) Australian Financial Services Licence (AFSL) No.: 414530
💻Trading platform	TradingView , MT4, MT5, cTrader
🔃Point difference	0.0 point
💰Margin	0.From $08 (per hand per round)

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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。

5. Vantage

Vantage Global Prime Pty Ltd manages and owns Vantage Markets, founded in 2009。Vantage Markets offers a variety of trading platforms for beginners as well as documentary trading for experienced traders。As for transaction costs, brokers offer ECN access on their MetaTrader platform, with spreads starting from as low as zero。

🏢Broker	Vantage Markets
Australian Regulatory Authority	Australian Securities and Investments Commission (ASIC) Australian Financial Services Licence (AFSL) No.: 428901
💻Trading platform	MT4, MT5, WebTrader, Tradingview, ZuluTrade, Myfxbook
🔃Point difference	0.0 point
💰Margin	$2 (Round Transaction)

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Founded in Australia in 2009, Vantage Markets is a brand of Vantage International Group regulated by the Cayman Islands Monetary Authority (CIMA).。Before being called Vantage Markets, it was called MXT Global in 2009 and Vantage Markets Pty LTD in 2015.。The Vantage Group also operates other companies such as Vantage Global Prime (ASIC), which is regulated by the Australian Securities and Investments Commission, and the Financial Conduct Authority (FCA).。

Vantage Markets offers further protection to clients by segregating their funds and depositing them in National Australia Bank (NAB), the broker said.。NAB is one of Australia's four largest financial institutions and one of the 20 safest banks in the world.。So customers don't have to worry about putting money in Vantage Markets。

With Vantage Markets, traders will experience ultra-fast trade execution, as well as interbank ratings and raw ECN spreads.。These elements can provide clients with a true institutional trading experience, covering a variety of trading tools, and also providing services designed for beginners and professionals to trade Forex ECN and CFD trading of indices, commodities and US and Hong Kong stocks。These tools are available on MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, TradingView's CHARTS, mobile apps (for Mac, PC, iOS or Android), and social trading platforms such as FXbook and Zulutrade。

By registering at Vantage Markets, traders will have access to a range of educational materials and research tools, including the MT4 SmartTrader tool, a variety of promotional trading offers and rewards programs, and accounts with leverage up to 500: 1.。However, ASIC and FCA customers have a leverage of 30: 1 and generally do not offer concessions to Australian and UK customers due to compliance policies.。

Vantage Markets offers research from internal staff and guest writers in the form of technical and fundamental analysis on its blog, as well as an economic calendar powered by MQL5 from MetaQuotes。For customers with deposits of at least $1,000, Vantage Markets offers a set of MT4 plugins developed by FX Blue LLP called MT4 SmartTrader Tools。

As an authorized representative of Vantage Global Prime, the broker serves retail traders under the Vantage Markets brand and provides the following tools:

• 44 currency pairs, the most liquid currency in the global foreign exchange market
  The 16 most liquid indices in the world, including the S & P 500, DAX, FTSE, DJ30 and more
  16 Commodities, whether Soft Commodities or Precious Metals
  DJ30ft, DAX4ft, NAS100ft and other 5 index futures
  600 + US, UK, Hong Kong stocks from large companies such as Apple, Google, Coca-Cola and large companies listed on the Hong Kong Stock Exchange

Customers can open an account with Vantage Markets and deposit funds in 8 base currencies: US Dollar, British Pound, Canadian Dollar, Australian Dollar, Euro, Singapore Dollar, New Zealand Dollar, Hong Kong Dollar and Japanese Yen。It also provides customers with convenient deposit and withdrawal methods through local and international bank transfers, credit / debit cards and electronic payments.。

Overall, Vantage Markets is suitable for retail traders who have small deposits and prefer maximum leverage thresholds。In terms of pricing, Vantage's commission-based initial ECN account is a clear choice for cost-sensitive traders because of its low total cost compared to standard account products。

6. ThinkMarkets

ThinkMarkets is a premium multi-asset online brokerage firm headquartered in London and Melbourne with global reach and expanded presence in Asia Pacific, Europe and South America.。

Since its inception in 2010, the company has continued to provide access to a variety of markets, including foreign exchange and equity CFDs, cryptocurrencies, commodities, indices, and more.。In addition, the Australian-based broker offers the best pricing and execution speeds; low spreads and commissions are also among the competitive trading conditions for traders。

🏢Broker	Think Markets
Australian Regulatory Authority	Australian Securities and Investments Commission (ASIC) Australian Financial Services Licence (AFSL) No.: 424700
💻Trading platform	MT4, MT5
🔃Point difference	0.0 point
💰Margin	From $7 (round transactions)

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As a multi-asset online brokerage, ThinkMarkets offers a wide range of trading assets from Forex to Precious Metals, Commodities, Indices, Stocks and Cryptocurrencies。The Australian-based broker was founded in 2010 and has since opened more headquarters in London and regional offices in Asia Pacific, the Middle East, North Africa, Europe and South America.。

Along with its historical operations, ThinkMarkets has received numerous awards and recognition in various aspects.。They recently won the Best Value Broker Award in Asia at the 2020 Global Forex Awards。

Standard account average forex spread for traders who open an account with ThinkMarkets from 1.From 2, while ThinkZero offers 0.Best trading experience at 1 point spread。However, traders may want to take into account that ThinkZero charges 3 per side for every 1,000,000 trades..$5 commission。

As a global online brokerage firm, ThinkMarkets operates under the supervision of multiple financial regulators, for example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and licensed by the Australian Financial Services Authority and the Australian Securities and Investments Commission (ASIC), ABN: 69158361561。ThinkMarkets UK is registered with the Financial Conduct Authority (FCA) under the name TF Global Markets (UK) Limited (No.09042646)。

ThinkMarkets is always committed to improving its trading environment through a variety of advanced products.。Auto trading enthusiasts can use free VPS hosting, while enthusiastic traders who want to experience outside the MetaQuote platform can try ThinkMarkets' proprietary platform ThinkTrader。

The trading platform offers 3 different interfaces designed for web desktop, tablet and mobile display。In addition, custom tools such as more than 80 drawing tools and more than 125 technical analysis indicators can even be accessed via mobile screens, which will undoubtedly provide a new mobile trading experience.。

In terms of market updates, the ThinkMarkets deal will be accompanied by news from FX Wire Pro, which is known for its strict policy of adhering to objective news reporting and providing critical, credible information in real time.。Information areas covered by FX Wire Pro include economic commentary, technical-level reports, currencies and commodities, central bank bulletins, energy and metals, and event-driven bulletins。

For payment methods, ThinkMarkets provides gateways through bank transfers, credit cards (Visa and MasterCard), Skrill, Neteller, POLi online banking, BPay, and Bitcoin wallets。

All in all, for a company that has been in business since 2010, ThinkMarkets has been quite successful in terms of legal status and trading technology innovation.。As an additional guarantee of safety for traders, the broker highlighted its commitment to a $1 million insurance protection plan, which is achieved through ThinkMarkets and Lloyd's of London insurance policies, in the unlikely event of bankruptcy Provide up to $1 million in protection for customers' funds。

7. GO Markets

GO Markets has been operating since 2006 and has become a household name in the Australian trading world.。With over a decade of experience, the broker has grown into one of the leading brokers with a large client base from over 150 countries。The broker offers a number of trading tools including Forex, Indices, Metals, Equity CFDs and Commodities。

In addition to this, GO Markets has launched MT4 and MT5 Genesis to provide traders with advanced analytical tools.。However, GO Markets has not yet equipped its services with swap-free conditions。

🏢Broker	GO Markets
Australian Regulatory Authority	Australian Securities and Investments Commission (ASIC) Australian Financial Services Licence (AFSL) No.: 254963
💻Trading platform	MT4, MT5
🔃Point difference	0.0 point
💰Margin	From $6 (round transactions)

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Go Markets is an Australian broker founded in 2006.。Go Markets is also licensed by the Australian Securities and Investments Commission (ASIC) under number AFSL 254963.。Go Markets has established partnerships with various experts in the securities and derivatives field around the world, so it can provide better services to customers by introducing these expertise。Go Markets is known for having branches in the UK, Taiwan and Hong Kong。

Go Markets is committed to providing the best service to customers by perfecting technology, improving service and customer education。In addition, Go Markets is willing to continuously provide customers with the best trading experience through reliable customer service, transparent pricing, low-latency trade execution and platform stability。

When it comes to trading, the right platform is needed to trade perfectly。GO Markets offers traders powerful MetaTrader 4 and MetaTrader 5 as a desktop and mobile trading platform。As Go Markets is recognised as Australia's first MT4 broker, they have made some improvements by adding MT5 and a web-based trading platform to meet customer demand for the right platform.。

The mobile version of MT4 allows novice and experienced traders to trade, analyze the market and easily access all EA trades anytime, anywhere。The main difference between MetaTrader 4 and MetaTrader 5 and their related mobile trading platforms is that MT4 is primarily a foreign exchange trading platform, while MT5 is a multi-asset CFD trading platform.。In addition, the internationally trusted Go Markets Metatrader 4 platform offers the following advantages:

• No trading desk involved
  Point difference 0.From 5: 00
  Leverage up to 500: 1
  No hedging restrictions

By opening an account in GO Markets, traders will have access to the most advanced and powerful trading tools in a range of markets when trading online CFDs。Traders who have just started trading can become familiar with the broker's trading platform and tools by honing their skills in a demo account at GO Markets.。

For those who want to start real trading, GO Markets allows the flexibility to trade a range of forex and CFDs, including stocks, commodities, indices and cryptocurrencies, via the MetaTrader 4 and MetaTrader 5 platforms.。

Go Markets is very pleased to announce that they will soon use Currenex technology (the birth of Currenex interbank liquidity) to provide more liquidity to customers.。

GO Markets simplifies the transfer of funds from customers through the customer portal, where they can open accounts and deposit funds in nine currencies (USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD, AUD), while deposits and withdrawals can be made by bank transfer or electronic payment (FasaPay, Neteller and Skrill), and GO Markets does not charge any internal deposit fees using Visa / Mastercard, Skrill。

Finally, Go Markets also secures customers "money by maximizing the protection of their privacy and financial information, adopting leading security systems and establishing strict procedures to protect customer information。

If you want to start trading in Go Markets with a small amount of cash and low risk, Go Markets offers special accounts where customers can start trading with a few dollars and are able to trade at 1 cent per point, with a deposit limit of $500 and permission to trade with an EA。

8. Plus500

Plus500 was founded in 2008 and is headquartered in Israel。The company has subsidiaries in the UK, Cyprus, Australia, Singapore and Bulgaria.。Plus500 provides a platform that can be used across multiple devices and operating systems, and can always be traded in various situations。

The main disadvantage of this broker is the absence of educational materials, especially when there are new traders almost every day。In addition, Plus500 does not provide research materials or technical analysis to customers.。

🏢Broker	Plus500
Australian Regulatory Authority	Australian Securities and Investments Commission (ASIC) Australian Financial Services Licence (AFSL) No.: 417727
💻Trading platform	WebTrader
🔃Point difference	Variable
💰Margin	❌

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Plus500 is a UK-based company with its main offices in the City of London, which is authorised and regulated by the FCA.。For traders who are looking for a broker with a top regulator, Plus500 is the right choice。

Plus500 offers 2,000 instruments to more than 1 million customers。The list of instruments that can be traded through its CFD service includes forex currency pairs, indices, cryptocurrencies, commodities, stocks and ETFs。Traders can choose the right tool for their needs。

In any case, beginners should be extremely cautious when choosing an asset, as it can be confusing and inherently risky。

When a trader opens an account, Plus500 will hold the trader's funds in isolation in accordance with the FCA's client funds rules。Traders need not worry about Plus500 using their funds for hedging, as the broker strictly prohibits the use of client funds for this purpose。

Other advantages of trading at Plus500 are small spreads and no commissions. The company only offers a single type of account, but traders can update their accounts from retail to professional according to some criteria。

To apply for a professional account, traders must meet at least 2 of the following 3 criteria, such as sufficient trading activity in the past 12 months, a portfolio of financial instruments of more than 500,000 euros, and relevant experience in the financial services field。

Plus500 is widely acclaimed for its services with market spreads, retail account leverage of up to 1: 30, and professional account leverage of up to 1: 300。Plus500 tries to give reasonable leverage options, not only to control risk, but also to help novice traders better control their trading emotions。

Founded in 2008, Plus500 provides almost the same features for retail and professional accounts, including customer fund protection, negative balance protection, best order execution, clear and transparent information, and financial services compensation plans。A professional account is more advanced, though, because FOS can be accessed。

According to statistics, 76 of Plus500's retail account owners.4% Losses on CFDs。Therefore, Plus500 always warns traders to consider their understanding of how CFDs work and their tolerance for taking on high loss risks before starting live account trading.。

Even so, Plus500 has earned the trust of traders around the world, opening some 39 million positions, having 304,000 active clients and processing billions of dollars in trading volume through its system.。

Plus500 always strives to provide the best service to its customers. One of the ways to achieve its goals is to give customers confidence in their trading activities。They have an easy-to-use trading platform and a specially designed mobile platform。Traders can access the Plus500 platform through web traders, iPhone / iPad and mobile apps。

On their platform, traders will have access to advanced tools such as stop loss limit, guaranteed stop loss, free email and market event push notifications, and price movement alerts, all of which can help traders better understand the market。

As for payment methods, Plus500 offers a variety of options such as Visa or MasterCard, e-wallets (PayPal and Skrill) and bank transfers (direct transfers between banks).。

If there are any concerns, hassles or trading issues, traders can contact Plus500's customer service, which is available 24 hours a day, 7 days a week。Plus500's official website can be accessed in 24 languages。

Overall, Plus500 has some advantages and disadvantages。Because it has a license from an elite regulator, traders can feel safe when trading at Plus500; it also provides a 24 / 7 support team to help traders。However, providing leverage up to 1: 300 is not suitable for high-risk traders, such as scalpers, who trade very frequently and hold short-term positions in the market, usually using high leverage。

What factors need to be considered？

According to the above discussion, when choosing an Australian broker, there are 3 main factors to consider:

• Licenses are issued by the Australian Securities and Investments Commission (ASIC)。This is the most critical factor as ASIC is the regulator charged with overseeing Australia's financial sector, helping traders ensure brokers do not abuse consumer rights.。
• Reliable trading platform。It is the gateway for traders to enter the financial market, and if the platform performs poorly, they cannot trade effectively。
• Reasonable spread or commission。If brokers charge high commissions, your profitability will suffer。