For Australian traders, there are many good brokers to choose from for beginners, but they still need to be carefully evaluated to ensure that the broker is suitable for their needs in terms of trading specifications and financial capabilities。

A measure of novice friendliness

1. Low point difference

The spread is a very important consideration, it is the difference between the broker's bid and ask prices。High spreads mean that traders must pay a higher fee to the broker for each trade。Therefore, it is best to choose a broker with a low spread to minimize trading costs。

2. Low initial deposit

When using a broker, you are usually asked to deposit some funds to start trading, different brokers require different amounts of funds to be deposited。Some brokers even offer deposit-free bonuses to meet the needs of new traders。For novices, it is best to use small deposits for trading, because when there is not enough knowledge to deal with risks, you don't have to spend too much。

3. Educational Materials

To broaden their knowledge, brokers offer educational materials on their official websites。You can learn a lot about trading, investing and other related topics。In addition to articles, there are interactions such as webinars, where beginners can learn better with the help of experts。

4.Demo Account

A demo account is an account type offered by a trading platform or broker that allows potential clients to try out their services before starting trading in the real market。Traders use virtual funds in demo accounts and therefore cannot profit from them。This account is also very useful for professional traders who want to try new strategies。

Here are some of the best Australian brokers for beginners to choose from。

1. IC Markets

IC Markets was created by a team of professionals in the financial services industry, the broker takes customer service seriously and is committed to providing the best possible support to its clients。With a minimum capital of $200, you can start trading。In addition, the broker, which is regulated by the Australian Securities and Investments Commission (ASIC), is committed to providing traders with the lowest possible spreads under all market conditions.。They offer 0.The original spread account from 0 o'clock, which can be used on its trading platform。

For new traders, IC Markets offers plenty of educational materials in addition to demo accounts。You can learn the general concepts of the Forex market, how to analyze the market, and how to incorporate it into your strategy, with plenty of educational videos。

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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 registered under the Seychelles-based IC Markets SEY and are 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.。

IC Markets "minimum deposits are at a moderate level compared to other 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。

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

In summary, 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. AvaTrade

With a minimum deposit of $100 and no deposit required to open a demo account, AvaTrade is one of the best brokers for beginners。This ASIC-regulated broker takes online trading seriously and offers the best trading apps (for both iOS and Android devices)。To help novices, they offer various types of trading content, including articles, e-books, and tutorial videos。

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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.。

Novice 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。

3. FP Markets

FP Markets has a minimum deposit of $100 and is one of the best Australian brokers for beginners。The broker allows you to.Trading with a low spread from 0 o'clock and a commitment to no trading desk and no re-quotes。In addition to demo accounts, new traders can also learn from FP Academy, where they can learn general courses on trading, which are available at different levels from beginner to advanced.。

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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. FXCM

FXCM is a great broker for beginners for several reasons。First, they offer a low minimum deposit of $50, ideal for new traders with less money。FXCM also claims that most of its traders get a positive or zero slip, meaning that most of their trades are likely to be executed at a price better than the displayed spread.。Not to mention, their educational materials include a library of forex videos, as well as free online forex classes that are accessible almost every weekday.。Of course, they also offer demo accounts。

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FXCM (Forex Capital Markets) is the brand name of a retail broker used to trade financial markets, especially the Forex market。The broker was founded in 1999 and was originally based in the United States.。After a series of lawsuits from clients and the settlement of cases by the US regulator (CFTC), FXCM moved from the US to the UK and became a broker authorized and regulated by the Financial Conduct Authority (registration number 217689).。

The transaction with FXCM is supported by enhanced execution through liquidity provider flow quotes on the FastMatch electronic communications network。

FXCM works with several global banks including Barclays Bank, Citadel Securities, Citibank, Deutsche Bank, FASTMATCH, XTX Markets Limited, UBS, Morgan Stanley, Commerzbank and Jefferies Financial Services, financial institutions and other market makers as their liquidity providers.。

This in turn enables FXCM to provide its customers with fast trade execution, competitive spreads, low negative slippage, no re-quotes, no stop / limit limits, and up to 89% of orders executed at the required price or better.。

For the trading platform, FXCM is famous for its proprietary product Trading Station。The latest version of the web display for this platform claims to be built with Mac Friendly HTML5。It offers a range of trading devices such as integrated news, economic calendars, FXCM's top trading tools, social trading capabilities through FXCM Cloud, customized trading analysis, automated strategies and advanced charts for better analysis.。To support flexible traders, FXCM also offers a mobile version of Trading Station for iOS and Android users。

However, the company's internal platform is not the only option for customers。For customers more familiar with MetaQuote products, FXCM also offers the option of using MetaTrader 4。In addition, ZuluTrade is also available for clients interested in cross-broker replication trading schemes。

FXCM has chosen to offer trading accounts based on trading instruments rather than on minimum deposit classification account types。For FX traders, this broker offers Active Trader and Institutional accounts。

Active Trader is the ultimate account type for retail traders with two levels of pricing。Level 1 requires a minimum deposit of $25,000 and a commission of $30 for 1 million volumes, while Level 2 does not have details of deposit requirements but offers better fee conditions。The difference between the two grades is from 0.Start at 2: 00。

Institutional Accounts, also known as FXCM Pro, is marketed as a wholesale execution and liquidity solution for retail brokers, hedge funds and emerging market banks.。The account offers from 0.1 point trading spread and other competitive benefits such as API solutions as well as prime brokerage services。

For non-FX traders, FXCM offers a CFD trading account with low spreads from 0.37 points (in XAU / USD) and there are a range of asset classes, from precious metals, soft commodities and indices。

Finally, FXCM offers a series of in-depth articles to help traders with their knowledge and insights into the Forex market.。Trading tools such as FXCM Plus, Market Scanner, Trading Signals and Technical Levels have also been developed to support traders opening accounts with FXCM。

Overall, FXCM is an experienced retail broker with lots of "ammunition" to help traders with the best execution, pricing and tools。It is a well-regulated broker backed by a long history of financial markets, although the brokerage industry in the United States has a dark history.。

5. eToro

eToro is an ASIC-regulated broker primarily known for its social trading features.。The initial deposit is $50 and provides spreads as low as 1 point for major foreign currency pairs.。The online trading academy on the eToro website can help traders expand their knowledge and also read guides on investing and trading to learn how to manage risk as a trader or investor。Also, eToro has a lot of educational material on cryptocurrencies。

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Founded in early 2007, eToro's mission is to make transactions available to anyone, anywhere, and to reduce reliance on traditional financial institutions.。The company has headquarters in the UK, Cyprus, USA and Australia。

eToro (Europe) Limited is a financial services company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number # 109 / 10.。Meanwhile, eToro (UK) Limited is regulated and regulated by the Financial Conduct Authority (FCA) under license number FRN 583263.。

As for eToro AUS Capital Pty Ltd, its legal status is recognised by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services Licence 491139.。

As a 4-figure broker, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.。

Since 2007, eToro has been at the forefront of the fintech revolution.。The latest is CopyPortfolio, which was launched in 2017 and is powered by machine learning Al。In addition to developing CopyPortfolio, the company also integrated Microsoft's machine learning technology into Momentum DD.。

The new CopyPortfolio investment strategy uses artificial intelligence to find the most stable traders who are most likely to earn double-digit returns and bundles traders into a fully managed portfolio.。eToro has hundreds of financial assets available for trading, including stocks, commodities, crypto assets, currencies, indices and ETFs。Each asset class has its own characteristics and can be traded using multiple investment strategies。

Certain positions on eToro involve ownership of underlying assets, such as non-leveraged positions in equities and crypto assets。Using contracts for difference (CFD) will make various options possible, such as leveraged trading, short (sell) positions, fractional ownership, etc.。For example, a trader can invest in gold at a minimum amount of $100, even if the price of a single unit of gold is $1,000.。eToro's most popular CFD commodities include gold, oil, gas, silver and platinum。

Currency can only be traded as CFD on eToro。In addition, CFD allows for short selling (short) positions and leveraged trading, even for assets that do not offer this option in traditional trading.。Some popular currency pairs include EUR / USD, GBP / USD, AUD / USD, USD / JPY, and USD / CAD。

In addition, an exchange-traded fund (ETF) is a financial instrument consisting of several assets and is used as a tradable fund.。After opening an eToro account, traders can invest at least $250 in an ETF that sells for $500.。Some popular ETFs on eToro include SPY, VXXB, TLT and HMMJ。

However, eToro also offers other features through the use of CFD trading。All leveraged ETF positions in the UK are regulated by the FCA。Meanwhile, all CFD positions executed by eToro Australia are regulated by ASIC.。

The company also has other advantages。Of all tradable financial assets, eToro does not charge any deposit or transaction fees other than spreads。

eToro charges $25 for withdrawals, with a minimum withdrawal amount of $50。Non-leveraged long positions held in cryptocurrencies, stocks and ETFs are not executed as CFD and are not charged。eToro charges overnight or weekend fees for CFD positions, such as leveraged positions and short (sell) orders。

Update of fees always applies to open positions。Fees are subject to change at any time and may change on a daily basis based on market conditions without prior notice。

As a beginner, traders can use eToro's copy trading feature。Unlike the features of other brokers, traders can copy the strategies of professional traders for free without splitting into profits。As a result, 100% of the profit goes entirely to the trader.。For example, when Trader A, copied by Trader B, generates 10% profit this month, Trader B also earns 10% profit。

The company is the world's leading social trading network.。Since eToro operates in complete transparency, each trader has valuable information in their eToro profile, so it is helpful for other traders interested in copying their trades when creating their best portfolio。

Another unique feature of eToro is personalized social news subscriptions。Just like on any social media, traders can post their own updates in a subscription, comment on other people's posts, and gradually create a subscription that suits a trader's trading and investing interests.。On the eToro social trading platform, traders will also be notified when there are new posts and other important updates from traders。

6. CMC Markets

As one of the best brokers for beginners, CMC Markets is committed to offering everything from 0.Ultra-low spreads from 7 o'clock, one of the lowest brokers in Australia regardless of market volatility。CMC Markets does not have a minimum deposit, so you can start trading immediately without having to prepare a certain amount of funds.。Plus, you can trade in more than 11,000 markets, including forex, indices, commodities and stocks。

New traders can benefit from educational materials on the official CMC Market website。Plus, use its free tools and resources to develop your trading skills and take part in webinars to get insights from market analysts。The ASIC-regulated broker also offers demo accounts if you want to apply what you've learned。

7. XM

XM is an ASIC regulated broker created by over 600 professionals with years of experience in the financial industry.。XM minimum deposit of $5, spread as low as 0.6 points, ideal for beginners。Its website also has a wealth of educational materials, such as live webinars, expert Q & A and trading articles.。

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XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。

XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。

In terms of trading instruments, XM is known for its diversity of asset providers, ranging from foreign exchange, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。

In the Ultra-Low account, the spread of all major currency pairs can be as low as 0.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。

To protect client funds in extremely volatile situations, XM offers negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。

For deposits, XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。

XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。

Overall, there is no doubt that XM has gone global, with its deep commitment to providing trading services on a global scale available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to more experienced traders who prepare large deposits.。Even a penny trading environment for traders if they choose to register under a micro account。

For their global approach, XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。