Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

<p>Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.</p>

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris manages the relationships with our partners to provide the best Forex trading experience possible for our users. Chris has 15+ years of research, and editorial and design experience for political and financial publications. His background has given him a deep understanding of international financial markets and the geopolitics that affect them.

Learn more about Chris Cammack
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Compare brokers to
find the right fit

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics.

Select Brokers to Compare

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Most Compared Brokers in Australia in June 2026

We’re revealing the most requested broker comparisons to simplify your search. These are the matchups constantly on the minds of Australian investors, and with good reason. They excel in the areas that matter most to us:

  • ASIC Regulation: Safety and security are non-negotiable.
  • Transparent Fees: We want to keep our hard-earned profits!
  • Diverse Assets: Stocks, forex, crypto – these brokers offer the variety you’re looking for.
  • User-Friendly Platforms: Whether you’re a pro or starting out, finding the right platform is crucial.

Let’s cut through the noise! Compare these in-demand brokers and discover the best fit for your investment journey

FP Markets
AvaTrade
Yes
FSCA Regulated
Yes
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.9 pips
AUD 100
Min. Deposit
AUD 100
Pepperstone
XM
No
FSCA Regulated
No
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.6 pips
AUD 100
Min. Deposit
AUD 5
AvaTrade
Pepperstone
Yes
FSCA Regulated
No
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.9 pips
Min. Spread
0.0 pips
AUD 100
Min. Deposit
AUD 100
BlackBull Markets
FxPro
No
FSCA Regulated
Yes
500:1
Leverage
200:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0.4 pips
USD 0
Min. Deposit
AUD 100

Top Overall Brokers by Broker Score

Unbiased Expertise

Independent, in-depth reviews and comparisons of all ASIC-regulated Forex brokers, empowering you to make informed choices.

Educational Resources

Comprehensive guides for all levels, from the basics of Forex to advanced strategies tailored for your experience.

Transparent Information

A focus on facts, accuracy, and up-to-date data to give you the insights you need to succeed in your Forex journey.

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Listen to Alison and Chris discuss what to look for in a Forex broker. They cover the importance of finding a well-regulated broker, a user-friendly platform, and keeping your trading costs low. They also recommend looking for a broker with good educational resources, a demo account, and good customer support.

Best Forex Brokers in Australia 2026 (9)

To find the best forex brokers for Australian traders, we analysed internationally regulated brokers that accept clients from Australia. Our evaluation considered key factors like top-tier regulation, trading conditions, platform quality, fees, and customer support. We then ranked them by overall score to help traders choose the most suitable option.


Min. Deposit

AUD 0
FP Markets
4.60
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 100
Max. Leverage (Forex)
30:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 6
Platforms
cTrader, MT4, MT5, IRESS, TradingView
Beginner Friendly
Excellent
ASIC Regulated
Yes
International Regulators
regulatorregulatorregulatorregulatorregulator
Pepperstone
4.61
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 100
Max. Leverage (Forex)
30:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 10
Platforms
cTrader, MT4, MT5, Pepperstone Platform, TradingView
Beginner Friendly
Excellent
ASIC Regulated
Yes
International Regulators
regulatorregulatorregulatorregulatorregulatorregulatorregulator
AvaTrade
4.59
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 100
Max. Leverage (Forex)
30:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 9
Platforms
AvaOptions, Avatrade Social, MT4, MT5
Beginner Friendly
Excellent
ASIC Regulated
Yes
International Regulators
regulatorregulatorregulatorregulatorregulatorregulatorregulator
BlackBull Markets
4.28
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
USD 0
Max. Leverage (Forex)
500:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 8
Platforms
cTrader, MT4, MT5, TradingView
Beginner Friendly
Excellent
ASIC Regulated
No
International Regulators
regulatorregulator
Fusion Markets
4.41
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 0
Max. Leverage (Forex)
500:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 4
Platforms
cTrader, MT4, MT5, TradingView
Beginner Friendly
Excellent
ASIC Regulated
Yes
International Regulators
regulatorregulator
IG
4.69
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 0
Max. Leverage (Forex)
30:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 6
Platforms
MT4, L2 Dealer, TradingView
Beginner Friendly
Excellent
ASIC Regulated
Yes
International Regulators
regulatorregulatorregulatorregulatorregulatorregulatorregulatorregulatorregulatorregulatorregulator
FxPro
4.39
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 100
Max. Leverage (Forex)
200:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 14
Platforms
cTrader, MT4, MT5, FxProEdge
Beginner Friendly
Excellent
ASIC Regulated
No
International Regulators
regulatorregulatorregulatorregulatorregulator
Axi
4.43
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 0
Max. Leverage (Forex)
30:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 10
Platforms
MT4, MT5, TradingView
Beginner Friendly
Standard
ASIC Regulated
Yes
International Regulators
regulatorregulatorregulatorregulatorregulatorregulator
Eightcap
4.53
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

Min. Deposit
AUD 100
Max. Leverage (Forex)
30:1
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
USD 10
Platforms
MT4, MT5, TradingView
Beginner Friendly
Excellent
ASIC Regulated
Yes
International Regulators
regulatorregulatorregulatorregulator
FxScouts Podcast

Let's Talk Forex with Alison & Chris

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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.