3 Best ASIC-Regulated Forex Brokers for 2026
Australia is known for being a heavily regulated region, with the ASIC being well-respected around the world. That being said, not every broker will be for everyone. I looked beyond the license and the regulator to focus on the best brokers available in Australia.
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To be included, I started with the obvious: All brokers are regulated by ASIC, but will also have to be very transparent, with clear documentation and information on their websites. I focused on whether or not the broker can accept Australian dollars for deposits and withdrawals, to avoid unnecessary conversion costs.
I also tested the usual things you would look for in a broker. This includes spreads and swap fees. I tested the platforms and execution, as well as investigated the range of assets that are available for trading. The brokers in this review all have regulatory safety via ASIC, as well as other benefits such as platform performance and local relevance.
List of Top ASIC-Regulated Forex and CFD Brokers
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
IC | 4.8 | 5.0 | $0 | 1:30 (ASIC) 1:30 (CySEC) · 1:5000 (FSA) · 1:400 (CMA) · 1:200 (SCB) | MT5, cTrader, MT4, TradingView, Zulutrade | Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
Capital.com | 4.5 | 4.1 | $20 | 1:30 (FCA) 1:30 (ASIC) · 1:30 (CySEC) · 1:200 (SCB) · 1:300 (CMA UAE) | MT4, TradingView, Capital.com Web Trader, Capital.com App | Depending on the company, 70% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
How Did I Select the Best ASIC-Regulated Forex Brokers?
- Transparency. Beyond just looking for the brokers licensed by ASIC, I prioritized those demonstrating high transparency. The brokers in this article offer easily accessible, detailed documents on their websites, where traders can read about trading conditions, execution standards, and more.
- Convenience. I only considered brokers that accept payments in AUD and support AUD as a base currency.
- Choice of Australian CFDs on shares. I looked for a broad range of instruments, such as Australian company share CFDs, to trade during the Asian trading session. This is important because it gives Australian traders greater freedom to trade while other markets are closed.
- Competitive pricing. My picks for each category offer some of the lowest fees in the industry. I evaluated its spreads, commissions, swaps, and more.
- User-friendly and feature-rich platforms. To ensure a broker delivers the best user experience, I only consider those offering user-friendly platforms that are solid in their charting and technical analysis capabilities.
- Diverse account types. Traders have different strategies, which is why they need to be afforded the greatest possible freedom to trade on inherently different market opportunities. That is why I selected brokers offering a wide range of accounts catering to different types of traders.
- Range of markets. I looked at how many instruments and from which asset classes are offered by a broker. I paid attention to the types of assets offered and looked for those that Australian traders tend to prefer.
Best Overall
- $0Min Deposit
- 7342Tradable Instruments
- LowFees
Why We Picked It
IC Markets was founded in 2007 and is known around the world. The broker offers over 2,200 instruments for trading, and features several asset classes, including forex, indices, commodities, stocks, bonds, cryptocurrencies, and futures, via CFD markets.
The sheer magnitude of the listings allows traders to “trade the world”, but it is also worth noting that there are only 21 of Australia’s largest companies in this list of offerings.
Regional Features:
- Australian entity: International Capital Markets Pty Ltd
- AFSL registration number: 335692
- Office location: Sydney
- Share CFDs of Australian companies: 21
- Available platforms: MetaTrader 4&5, cTrader, and TradingView
I chose cTrader Raw Spread for my evaluation, with its competitive costs. The spreads are floating, with a $6 round turn commission per lot. For example, it is common to see EUR/USD spreads at 0.1 pips, while an index like the Australia 200 (ASX 200) is commonly 1.22 pips.
The platform is top-notch and very fast. The design of the platform allows traders to execute quickly, and the ability to run algos is also a big plus. The ability to deposit in AUD and withdraw AUD without conversion costs is also a big benefit here. For those looking for extras, there are a ton of economic tools and information for traders to browse as well.
Pros and Cons
- Deep liquidity and fast execution.
- Competitive pricing.
- Over 2,200 instruments.
- Excellent set of trading platforms and tools.
- Limited choice of Australian CFD shares.
Best Low Spreads
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
FP Markets opened in 2005 and has long been known to be an excellent choice for professional traders. The deep liquidity is one of the main draws for professionals, as well as the ability to access tight floating spreads.
FP Markets offers over 10,000 CFD markets, allowing traders to get exposure to almost any opportunity they might want exposure to. The larger number of assets and the tight costs are favorites of professionals.
Regional Features:
- Australian entity: First Prudential Markets Pty Ltd
- AFSL registration number: 286354
- Office location: Sydney
- Share CFDs of Australian companies: 105
- Available platforms: MetaTrader 4&5, cTrader, TradingView, Iress, and Mottai
I opened a Raw Account using the MetaTrader 5 trading platform. I chose this because of the variable spreads and the $7 per round-trip commission per lot. The spreads were all very tight, and I saw EUR/USD hit 0.0 pips at one point, although it was closer to 0.1 pips most of the time. The ability to use cTrader will be a bonus for those looking to trade with algorithms, and the fact that the Australian CFD offering is 105 will be attractive to Australian traders.
The execution speed is excellent, and the ability to deposit in AUD, as well as withdrawal in AUD, is a convenience. There is also the “Professional Account”, which offers leverage as high as 1:500, but this will be for high-net-worth individuals.
Pros and Cons
- Fast execution times.
- Small spreads.
- Over 10,000 instruments.
- 105 Australian shares CFDs.
- The top-tier “Professional Account” has a high bar to entry.
Best MT4
- $20Min Deposit
- 6313Tradable Instruments
- MediumFees
Why We Picked It
Capital.com was opened in 2016 and offers more than 5,500 assets. This includes forex, crypto, shares, indices, commodities, and bond CFDs. They offer more than just CFDs; they also offer “knock-out” options as well. They also offer thematic trading, such as the “US FANG” market.
With the ability to use MT4 in a fast environment, and also the ability to use options to protect your account, this is a broker that allows flexibility, right along with the standard and loved MetaTrader 4 platform.
Regional Features:
- Australian entity: Capital Com Australia Pty Ltd
- AFSL registration number: 513393
- Office location: Melbourne
- Share CFDs of Australian companies: 300
- Available platforms: MetaTrader 4&5, WebTrader, and TradingView
For Capital.com, I chose the CFD account and used MetaTrader 4. The market I traded the most was USD/JPY, which had a variable spread of 0.12 pips. This account also has no commissions, which makes for an excellent net cost. The platform operated quickly, and I had no issue with a couple of Expert Advisors I chose to run.
The real standout here for me was the ability to trade 300 Australian shares via CFD markets. This is a massive number of companies, and a list that will serve Australians well. The ability to deposit and withdraw in Australian dollars is also a positive. Furthermore, the market analysis is good.
Pros and Cons
- Fast execution times.
- Excellent spreads, especially on forex.
- Over 5,500 instruments.
- 300 Australian shares CFDs.
- cTrader is not offered.
All the Brokers We Tested
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About the Authors
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.