Forex trading is extremely popular in Australia. Most of the Australian residents prefer Australian Forex brokers. This is one of the reasons forex trading Australia is reaching new lengths and is leading the industry on a global level. More and more brokers are coming up in the market but it is not really easy. One has to be authorized by a financial markets regulator in Australia called the Australian Securities & Investment Commission (ASIC). With many brokers in the market, choosing one broker for yourself becomes greatly confusing. This blog discusses some leading brokers that encourage forex trading Australia. Here are some of the brokers we think are doing great with the reason why they’re worthy.
Saxo Bank
If you’re new to forex trading and are just researching the market, Saxo Bank can be your safer choice. Saxo bank is a trusted global brand and is rated among the top forex trading companies. It offers investors and traders a vast selection of more than 40,000 tradeable symbols with a minimum deposit fee of USD 10,000. With reliable customer service and excellent pricing across the board, forex trading Australia has deep roots in Saxo bank.
CMC Markets
CMC Markets has the best web platform among forex trading Australia brokers. It is a next-generation trading platform with nearly 10,000 tradeable instruments, packed with quality research, powerful trading tools, and powerful charting. CMC Markets is known to be a safe, low-risk broker for trading forex and CFD.
City Index
City Index has an excellent all-round offering which makes it one of the top AISC regulated forex traders. The broker is trusted due to its advancement that includes advanced trading platforms, excellent mobile app, diverse market research, education, and an extensive range of markets.
eToro
eToro is known for its best copy trading platforms that ease the way for new traders. The beginners can just copy the trades of experts across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies. This forex trading broker is slightly higher in price but if we compare the benefits with the price, we find eToro among the cost-effective brokers.
FXCM
With robust trading tools alongside quality market research, FXCM is an excellent choice. The company has a great mobile app and an average price for those who want to enjoy most of the benefits without emptying their pockets.
AvaTrade
If you want extensive trading options for forex trading Australia, Avatrade can be your number one choice. It is perfect for copy trading and is competitive for mobile. Moreover, if you are new to the industry, Avatrade provides complete educational courses that’ll teach you the basics of trading and important strategies. The support provided by them is also something out of the blue.
XM Group
Looking for a well-rounded offering? XM Group has got you covered. With quality educational content and market research, the XM group is rich in depth and variety. Social copy trading is the strongest suit of the XM group for which it is tranked at 7th position. It is not publicly traded authorized by the Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).
