Best Forex Brokers in Australia

Best Forex Brokers in Australia

This article is related to the best forex brokers in Australia and the characteristics and features provided by the broker for a better way of trading. 

Read these articles properly; it helps a lot in the forex market. Choose the broker according to this article because it is a completely safe broker in the market.   

What is Forex Trading?

Forex trading is the medium of exchange of one currency into another currency. It is one of the largest markets in the world, where the per day transaction is around $6.6 trillion. The forex market is run globally, but four major cities are located in Sydney, New York, Tokyo, and London. This is the only market in the world where the profit and loss are uncertain. 

Which is the Best Forex Brokers in Australia?

ETFinance

ETFinance was founded in 2018, and it is operated under the name of Magnum Forex Ltd. It is approved and regulated by the Cyprus Securities and Exchange Commission (CySEC). The brokerage company offered 250+ CFDs instruments on different types of assets like forex, cryptocurrency, commodity, metals, indices and stocks. The trader has to pay the initial amount of money, USD 250; after that trader starts trading with this broker. The trader can trade via the most popular MetaTrader 4 platform. In this company, the trader initially uses the demo account to gain experience in the market and learn something that will apply to the market. 

What are the characteristics and facts of the ETFinance broker?

  • It is the topmost famous broker in the market.
  •  The headquarters of the ETfinance is located at 1 Agias Fylaxeos Street, 3025 Limassol.
  • The broker offers the maximum leverage is 1:500 to the professional player of the trading and 1:30 to the retail traders. 
  • The deposit and withdrawal option of the ETFinance brokerage company is Credit Card, Wire Transfer.
  • The brokerage company doesn’t charge a commission on trading. 
  • The tradable assets of the brokerage giants are Currencies, Commodities, Stocks, Crypto, Futures.
  • The minimum spread is 0.03 in the brokerage company. 
  • The company offers a Swap discount of 50% to professional traders.  
  • There is no fixed spread in this broker company.
  • The company provides 24/5 customer support service to traders. 

Spread of silver account 

  • Gold 0.59
  • Crude oil 0.07
  • Dax 2.20
  • EUR/USD 2.20
  • GBP/USD 2.8
  • USD/JPY 2.3

Spread of the gold account 

  • Gold 0.48
  • Crude oil 0.05
  • Dax 1.5
  • EUR/USD 1.3
  • GBP/USD 2.0
  • USD/JPY 1.5

Spread of Platinum account 

  • Gold 037
  • Crude oil 0.03
  • Dax 1
  • EUR/USD 0.07
  • GBP/USD 1.3
  • USD/JPY 0.8

HFTrading

HFTrading is the brand name of CTRL Investments Ltd, and it is approved and regulated by the New Zealand Financial Markets Authority (FMA) and Australian Securities and Investments Commission (ASIC). The brokerage company offers 35+ CFDs instruments on various assets like forex, commodity, metals, indices, cryptocurrency and stocks. The broker provides commission-free trading for all the traders. The broker also provides the educational material for a better understanding of the level of the market. The characteristics of the HFTrading broker is amazing as compared to the other broker in the market.    

What are the characteristics and facts of the HFTrading broker?

  • There is the minimum deposit required of $1000 per day by the traders in the platinum account.
  • The available base currency is EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP.
  • The swap discount is 50% that the broker offers to the professional traders. 
  • The broker company provides the best tools and indicators which helps to trade in a better way. 
  • The company doesn’t charge any commission on the transaction of the traders. 
  • The company provides 24/5 customer support service to traders. 
  • The execution model of the platform is MT4NND, MT4NCC, MT4, Fixed, MT4 Cent. 
  • The average execution speed of the platinum account is 0.05.
  • The main currencies are USD, GBP, EUR.

Spread of silver account 

  • Gold 8.0
  • Crude oil 2.5
  • EUR/USD 2.8
  • GBP/USD 2.8
  • USD/JPY 2.8
  • AUD/USD 2.8

Spread of the gold account

  • Gold 7.0
  • Crude oil 2.0
  • EUR/USD 2.0
  • GBP/USD 2.0
  • USD/JPY 2.0
  • AUD/USD 2.0

Spread of platinum account 

  • Gold 6.0
  • Crude oil 2.0
  • EUR/USD 1.8
  • GBP/USD 1.8
  • USD/JPY 1.8
  • AUD/USD 1.8

PrimeFin

The operating name Caps Solution Ltd is sanctioned and approved by the Labuan financial services Authority (LFSA). The broker is also a part of the Investor Compensation Funds (ICF). The headquarter of the PrimeFIn is at Almack House 26-28 King Street, London, England. The brokerage company offers 350+ CFDs instruments on a variety of assets like commodity, forex, cryptocurrency, metals, indices and stocks. PrimeFin is awarded as the best broker in Australia. The broker has provided 20+ VOD, ebooks, articles, webinars, tutorials. 

What are the characteristics and facts of the PrimeFin platform?

  • There is no charge to deposit the money into the account. 
  • The available base currencies are EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP.
  • The execution model of the platform is MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent.
  • The brokerage company offers a swap discount of 50% to the traders.
  • The spread starts from 0.03.
  • We had a dedicated account manager for the traders. 
  • The trader’s data is completely secure on this platform. 
  • A Cross trading platform is also available.
  • The broker offers the maximum verge is 1:500 to the professional traders and 1:30 to the retail traders. 
  • The company offers the research basis instruments such as trading signals, daily news, news events, economic calendar, etc. 
  • The brokerage company is completely providing commission-free trading to all the traders. 
  • Free VPS services are available. 

Spread of silver account 

  • Gold 300
  • Crude Oil 60
  • Dax 500
  • EUR/USD 30
  • GBP/USD 35
  • USD/JPY 35

Spread of the gold account 

  • Gold 250
  • Crude Oil 50
  • Dax 450
  • EUR/USD 25
  • GBP/USD 30
  • USD/JPY 30

Spread of platinum account 

  • Gold 200
  • Crude Oil 40
  • Dax 400
  • EUR/USD 20
  • GBP/USD 25
  • USD/JPY 25

IGMFX

IGM FX is an excellent broker in the market, and it is approved and sanctioned by the Cyprus Securities and Exchange Commission (CySEC). The brokerage company offered 170+ CFDs instruments on various assets such as stocks, cryptocurrency, metals, commodity, indices and forex. The trader’s data is entirely safe from hackers. 

The company offers three types of training accounts such as silver, gold and platinum for trading. Trading with an IGMFX broker experiences many good opportunities and learns something that will help in the future. The brokerage company image is well maintained in the market, and it has been counting as the top best broker in Australia. 

What are the characteristics and facts of the IGMFX platform?

  • The trader has an option of stop-loss of 50% in the platinum account. 
  • The brokerage company provides the best tools and indicators for trading, such as daily news, news events, economic calendar, trading signal, etc. 
  • The broker will provide customer support service for solving the trader’s queries. 
  • The broker offers the leverage is 1:500 to professional traders and 1:30 to the retail traders. 
  • The brokerage company uses the MetaTrader 4 platform for trading.
  • The deposit and withdrawal option of the IGMFX broker via Credit/Debit cards, Wire Transfers, Skrill, Neteller, Sofort, Klarna and Neosurf. 
  • The margin call is 100% in the professional account as well as the retail account.

Spread of silver account

  • EUR/USD 3
  • GBP/USD 3
  • USD/JPY 3
  • Crude oil $0.13

Spread of the gold account 

  • EUR/USD 2.5
  • GBP/USD 2.8
  • USD/JPY 2.8
  • Crude oil $0.10

Spread of platinum account 

  • EUR/USD 1.8
  • GBP/USD 2.3
  • USD/JPY 2.3
  • Crude oil $0.08

CMC Markets

CMC Market is the oldest broker in the market, and it was founded in 1989. The CMC Markets has been approved by several authorities, such as the United Kingdom Financial Authority (FCA). The CMC market is the best broker for the newcomers because the broker’s features and services are amazing in the market. CMC Markets is basically for the spread betting and CFDs broker with 30 years in the market. The traders of this platform are satisfied with their services, and it is also a top best forex broker in Australia. 

What are the characteristics and facts of the CMC Markets?

  • The broker covers the 9000+ trading instruments covering all the assets. 
  • The regulation countries of the CMC Markets are the UK, Australia, Canada, New Zealand, and Singapore. 
  • The broker charges the inactivity fee from the traders if the trader doesn’t become active in the market for the last 60 days. 
  • The broker also provides the demo account to the beginners to practise the trading. 
  • The platform is customised according to your needs. 
  • The brokerage company offers 115 tools and indicators for trading.
  • There is no requirement for a minimum deposit in the account. 
  • The available base currencies are GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD.
  • The company doesn’t charge the deposit money on the account. 
  • The trader can use the order type like market, limit, stop, trailing loss, guaranteed stop loss, etc. 
  • The platform is available in 53 languages.

The Bottom Line

We say that always choose a reliable broker in the market and check all the features and services before opening an account with them because what you need is known by you. All these brokers are reliable and best forex brokers in Australia that comply with all safety regulations and designed to benefit traders. 

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