Here you will find our best Australian brokers list according to many hours of broker research, testing, analysis and comparison across hundreds of Australian brokers. By having all of the best brokers in Australia listed in one place, we aim to make it simple for you to quickly identify the best Australian brokers according to your own individual trading needs.
Top 5 Brokers Australia
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Min $250 Deposit
1974
1:200
We have chosen these as our best brokers in Australia as they are regulated and have passed our strict broker reviews with flying colours. We have awarded them a top broker rating for the online trading services that they provide to traders located in Australia.
How did we choose our best brokers in Australia?
First and foremost, the Trading Brokers review team ensured that the Australian broker was regulated and authorised to provide online trading services to traders in Australia. We then conducted many hours of thorough research and analysis into the brokers services.
From there, we were able to collate what we consider to be amongst the most important factors to consider when choosing the best Australian brokers and allocated them an unbiased broker rating based on our findings.
In order for an online broker to make it into our best brokers Australia list, they should be regulated and offer top trading conditions, including tight spreads, low commissions and reliable trade execution speeds.
The broker should also have easy to use trading platforms that are compatible with multiple devices along with trading tools and educational resources to assist traders with their daily trading activities.
Other factors that we consider to be important for a broker to make it on to the best brokers Australia list include the variety of funding options provided, account types, minimum deposit, customer support and range of trading instruments available to trade online.
Regulation
Any trading broker that is offering services to traders in Australia should be authorised and regulated. Using a regulated broker can give investors some protection that unregulated brokers cannot.
Trading Platforms
The best Australian brokers should have a variety of different trading platforms for multiple devices including desktop, web and mobile trading apps. The brokers trading platforms should be user friendly, with plenty of trading tools and advanced functionality for all types of trading strategies.
Trading Instruments
The brokers should provide Australian traders with a wide range of trading instruments across multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, ETFs, CFDs. The more choice that the broker has, the easier it would be to expand your portfolio in the future, should you wish to do so.
Spreads
When you place a trade position with a broker, you will usually need to pay the spread which is the difference between the bid and ask prices at the time of executing your order. In general, the lower the spreads, the cheaper the trading costs can be and the better the prices you may have your trade executed at. Although, this can also be dependent on other factors such as the brokers liquidity, slippage and execution model.
Commission
Many Australian brokers will charge a small commission fee for each trade that you place with them. The lower the commission fee per trade, the lower your overall trading costs can be in the long term. Some trading strategies actually depend on low commissions. Thus, the best Australian brokers should have the most competitive commissions.
Fees
In addition to the spreads and commissions that brokers may charge, there can be additional fees. These include overnight swap fees, funding fees, platform fees, trading tool fees, educational resource fees, etc. Any other fees charged by the broker should be competitive and transparent to the trader.
Execution Speeds
The execution speed can determine the price your order will be executed at. Instant execution should mean that the order is placed as close to your desired price as possible. The best Australian brokers should have rapid execution speeds with minimal slippage so that traders get the best available prices more often than not. Some trading strategies such as scalping are dependent on reliable execution speeds.
Liquidity Providers
The best brokers in Australia should have top liquidity providers (LPs) with deep liquidity pools so that they can offer competitive bid/ask prices along with reliable trade execution speeds.
Trading Tools
Whilst the trading platforms offered by brokers will usually have more than enough trading tools for the average trader, there are some brokers who offer additional trading tools such as economic calendars, trading calculators, market analysis, trading signals and more. The best brokers in Australia will usually offer some additional trading tools to support traders with their daily trading activities.
Educational Resources
Educational resources can help traders to improve their trading skills and knowledge. They also encourage informed trading. The best brokers will usually offer clients a range of free educational materials such as tutorial videos, trading guides, eBooks, trading glossary, FAQs, webinars and seminars.
Account Types
Trading brokers can have a variety of different account types that are designed to cater to the differing needs of clients. The accounts can vary according to the minimum deposit required, leverage offered, execution type, spreads, commissions, instruments, additional services and more.
The best Australian brokers should have a selection of account types for different experience levels and trading strategies. Demo accounts can be useful to practice trading online with virtual funds whilst Islamic accounts that comply with Sharia law support Muslim traders.
Account Funding Options
In order to trade online, you will need to be able to deposit and withdraw funds to and from your Australian broker account. Brokers can offer a range of different account deposit and withdrawal methods. This will often include bank transfers, credit/debit card and online payment processors such as Skrill, Neteller and PayPal. The best brokers in Australia should have a variety of convenient funding options. It is worth considering the time taken and any fees involved for processing funds.
Customer Support
Most Australian brokers can be reached via telephone, email and live chat. It is worth ensuring that the broker can be reached in a way that is convenient for your needs. The brokers customer support team should be prompt, polite and efficient in their responses to all clients general and technical questions. You may wish to consider if there is any different between your time zone and the brokers support hours, as this could have an impact on response times.
Best Forex Brokers Australia
On this page you will find what we consider to be the best Australian forex brokers according to our thousands of hours of detailed research and analysis across hundreds of forex brokers that offer online trading to clients in Australia and worldwide.
To make it into our list of the best forex brokers Australia, each broker has to be authorised and regulated by the Australian Securities and Investments Commission (ASIC). ASIC is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors.
The broker should also have a good selection of currency pairs for trading, sophisticated trading platforms for multiple devices, competitive fees/spreads, good execution speeds, selection of trading tools, educational resources, flexible account types, convenient funding options and excellent customer support.
With so many forex brokers to choose from, we have compiled a list of our best forex brokers in Australia below.
Top 5 Forex Brokers Australia
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Min $250 Deposit
1974
1:200
We chose these brokerage firms as our best forex brokers in Australia due to the fact that they are regulated by ASIC and have received a top broker rating for providing online forex trading to Australian clients after being subject to our detailed forex broker reviews.
How did we choose our best forex brokers in Australia?
The most important factor for the Trading Brokers team to consider when choosing the best Australian forex brokers was that the brokers are regulated in Australia by the Australian Securities and Investments Commission (ASIC). Once the brokers regulation had been confirmed, we then researched and analysed the brokers forex trading service in great detail and assigned them with an unbiased broker rating based on our own findings. During this research, we gave great consideration to what we deem to be amongst the most important factors to consider when choosing an online forex trading broker, including:
- Regulation: A forex broker in Australia should be regulated by ASIC.
- Trading Platforms: The forex broker should offer a range of the best trading platforms that are user friendly, intuitive and compatible across multiple desktop, web and mobile devices.
- Trading Instruments: They should have a large selection of minor, major and exotic currency pairs for trading.
- Spreads: The forex brokers spreads on currency pairs should be competitive and as low as possible.
- Commission: The commission charged for trading forex currencies should be competitive, the lower the better.
- Fees: Any additional fees such as accounting, inactivity, etc, should be made clear to traders from the get go.
- Execution Speeds: The forex broker should have reliable trade execution speeds with minimal slippage.
- Liquidity Providers: Ideally, the forex broker will have a vast pool of liquidity providers (LPs) in order to deliver consistent execution speeds and tight spreads.
- Trading Tools: The forex broker should provide a vast array of trading tools for analysing charts, planning and managing trades, trading signals, social trading, etc.
- Educational Resources: Most beginners will need a selection of educational materials on different trading topics to help them improve their trading skills and knowledge. The best forex brokers should provide training tools that can include video tutorials, trading guides, webinars, etc.
- Account Types: There should be flexible account options to suit different trading styles and budgets.
- Account Funding Options: The forex broker should offer a choice of convenient account deposit and withdrawal methods.
- Customer Support: The forex brokerage should have a prompt, polite and knowledgeable customer support team on hand to answer traders general and technical questions.
Australian forex broker regulation
Forex trading is the speculating on the price of one currency against another currency, commonly known within the trading community as a currency pair. Online forex trading has increased in popularity over the years with many online brokerages opening which has given traders a vast choice of brokers who are all competing for their business. This can make it difficult to choose the best forex brokers in Australia.
We believe that it is of upmost importance that a forex broker providing services to traders in Australia is authorised and regulated by the Australian Securities and Investments Commission (ASIC). Using a regulated broker helps to give traders peace of mind that they are using a brokerage firm which is subject to strict rules and regulations put in place to help protect investors. It is worth mentioning that there are some non-Australian forex brokers that still solicit clients located within Australia. There are also Australian forex brokers who offer online forex trading services to clients located in some countries outside of the Australia. In this instance, it would be a considered a sensible idea to ensure that the broker in question has the relevant regulation within the jurisdiction that they operate from.
Australian Securities and Investments Commission (ASIC)
The Australian Securities and Investments Commission is an independent Australian government body that acts as Australia’s corporate regulator. Established in 1998, ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC reports to the treasurer and administers legislation for the Insurance Act of 1984, the Corporations Act of 2001, and the National Consumer Credit Protection Act of 2009.
Verifying the regulation of forex brokers in Australia
If a forex broker has been licensed by ASIC, they should be provided with a registration number as proof that they are registered. This number is usually located on the brokers website, near the footer where they state who they are regulated by. You should check on the ASIC website to validate the current status of the broker registration to ensure that it is valid and up to date. It has been known for some scam brokers to fake regulation, some even going as far to clone another brokers website. When you are looking up the registration number, you should find details of the brokerage firm including their website, contact details and if they have any cases brought against them.
Best Stock Brokers Australia
Here you will our best Australian stock brokers list based on our unbiased stock broker reviews and ratings. The Trading Brokers expert research team have researched and analysed hundreds of online stock brokers to save you time when choosing from the best stock brokers in the Australia.
In order to make it into our best stock brokers Australia list, the online stock brokerage firm should provide traders with a large selection of global stocks for trading on the best trading platforms and have competitive fees. They should offer a selection of trading tools for analysing global stock markets and educational materials to assist traders to increase their knowledge of the stock markets and improve their overall trading skills. In addition to this, the stock broker should have a choice of flexible account types to cater for different investment sizes and experience levels.
Each online broker has to be authorised and regulated by the Australian Securities and Investments Commission (ASIC). ASIC is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors.
With there being so many Australian stock brokers for traders to choose from, we have compiled a list of our best Australian stock brokers below.
Top 5 Stock Brokers Australia
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Min $250 Deposit
1974
1:200
We chose these stock brokerage firms as our best stock brokers in Australia due to the fact that they are regulated by ASIC and have received a top stock broker rating for providing online stock trading to Australian clients after being subject to our detailed stock broker reviews.
How did we choose our best stock brokers in Australia?
The most important factor for us to consider when choosing the best Australian stock brokers was that they are regulated in Australia by the Australian Securities and Investments Commission (ASIC). Once the brokers regulation had been confirmed, we then researched and analysed the brokers stock trading service in great detail and assigned them with an unbiased stock brokerage rating based on our own findings. During this research, we gave great consideration to what we deem to be amongst the most important factors to consider when choosing an online stock trading broker, including:
- Regulation: A stock broker should be regulated by ASIC to provide online stock trading in Australia.
- Trading Platforms: The stock broker should have a range of the best stock trading platforms with user friendly interfaces and trading tools for analysing the stock markets. The platforms should be compatible on desktop, web and mobile devices for trading stocks whilst on the move.
- Trading Instruments: The stock broker should offer a large selection of global stocks in different markets for trading online.
- Spreads: The stock brokers spreads should be competitive, the tighter the better.
- Commission: The commission charged for trading stocks should be priced low.
- Fees: Other fees such as those charged for deposits, withdrawals, account inactivity, holding positions overnight, etc, should all be made clear.
- Execution Speeds: Traders buy or sell stock positions should be entered with minimal slippage.
- Liquidity Providers: The stock broker should incorporate top tier liquidity providers (LPs) in order to offer a deep liquidity pool to traders.
- Trading Tools: There should be a good selection of trading tools for analysing the stock markets, planning/managing stock positions, stock trading signals, social trading, etc.
- Educational Materials: The stock broker should offer traders a range of educational resources on various stock trading topics to help them improve their trading skills and knowledge. Training tools can include video tutorials, stock trading guides, webinars, etc.
- Trading Accounts: The stock broker should offer a choice of flexible trading accounts to cater for different levels of investment and experience levels.
- Account Deposit & Withdrawal Options: There should be a choice of convenient account funding methods, including online payment processors for fast and easy account funding.
- Client Support: The online stock brokerage should offer efficient and well-educated client support in order to respond in a prompt and efficient manner to all general and technical questions that traders may have.
Australian stock brokers regulation
Stock trading is a popular form of online trading that enables the trader to speculate on the rising or falling prices of a particular company or basket of selected stocks known as Indices. An online stock broker acts as the intermediary between you the trader and the exchange where the stocks are traded. Anyone can open a trading account with an online brokerage and use their online stock trading platform to buy and sell stocks. In recent years, online stock trading has continued to increase in popularity and with so many Australian stock brokers to choose from, it can make it difficult for traders to choose the best stock brokers in Australia for them.
For us here at Trading Brokers, we believe that one of the most important things to consider when choosing from the best Australian stock brokers, is that the brokerage firm is authorised and regulated by the Australian Securities and Investments Commission (ASIC). Using a regulated stock broker helps to give traders peace of mind that they are using a brokerage firm which is subject to strict rules and regulations put in place to help protect investors.
It is worth mentioning that there are some non-Australian stock brokers that still solicit clients located within Australia. There are also Australian stock brokers who offer online stock trading services to clients located in some countries outside of the Australia. In this instance, it would be a considered a sensible idea to ensure that the broker in question has the relevant regulation within the jurisdiction that they operate from.
Australian Securities and Investments Commission (ASIC)
The Australian Securities and Investments Commission is an independent Australian government body that acts as Australia’s corporate regulator. Established in 1998, ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC reports to the treasurer and administers legislation for the Insurance Act of 1984, the Corporations Act of 2001, and the National Consumer Credit Protection Act of 2009.
Verifying the regulation of stock brokers in Australia
If a stock broker claims to be licensed by ASIC to operate in Australia, they should have a registration number to evidence this. This registration number will usually be located near the footer of the brokers official website. It would be a sensible idea to check that the brokers registration is valid and up to date on the official ASIC website. There are unfortunately scam brokers to be wary of. These scam brokers have been known to fake regulation with some even going as far to clone another brokers website. When you are checking a broker’s registration number, you should verify that the details of the brokerage firm including their website and contact details are provided and if they have any cases brought against them.
Best Australian Brokers Summary
Whilst these are what we consider to be amongst the most important things to consider when choosing a Australian broker, it can differ depending on individual needs. Thus, it is important that you choose a broker that meets your needs and use the above information only for educational purposes and not as advice.