Top Australian Regulated Forex Brokers 2019

BrokerBonusMin DepositLeverageReviewOpen Account
ASIC Regulated 50% Bonus of First Deposit*$200 AUD500:1ReviewVisit Broker
ASIC Regulated Quantas frequent flyer pointsAUD $200500:1ReviewVisit Broker
ASIC Regulated $250 AUD Cash Back$200 AUD300:1ReviewVisit Broker

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forex trading in australia is a site focusing on forex trading market in Australia, which consists of brokers comparison, weekly technical analysis, news and education articles . We list the top Australian forex trading platforms with reviews, customer opinions, bonuses,..

Forex Trading Market in Australia

Since the global financial crisis in 2008-2009, investors have come to distrust investing in the equities and turned their attention to playing the “global macro” in terms of currency trading. That fueled the growth of Forex trading around the world, including Australia.

Over the last decade, the Australian financial industry has gone through a remarkable transformation and now it is home to a number of world class Forex brokers who are serving millions of traders from around the world. According to the Sydney Morning Herald the Forex trading is a $380 billion industry that has been doubling in size since 2007.

In the last few years, the U.S. Securities and Exchange Commission  (SEC) in the United States, under the Dodd-Frank Wall Street Reform and Consumer Protection Act, has imposed some trading restrictions. For example, US based Forex brokers can only offer up to 50:1 leverage to retail traders. Also the strict rules for opening a trading account with US based brokers prompted some of the major brokers to shift their operation offshore.

As the Australian government was providing a highly regulated market that promotes a rather liberal trading environment compared to the United States, a lot of international Forex brokers choose to base their businesses here. In contrast to US brokers, some of the well regulated Forex brokers in Australia are offering up to 400:1 leverage! This has further fueled the growth of the Forex industry in Australia.

The Australian Securities and Investments Commission (ASIC) have played a critical role in both liberalizing the Forex trading industry and maintaining a high standard in Australia. In order to start a Forex brokerage business in Australia, a company must obtain an Australian Financial Services License (AFSL).

In order to obtain the AFSL, the brokerage company must demonstrate and meet certain strict criteria. For example, they must demonstrate technical capability to carry out the financial services to general investors as well as prove sufficient financial resources.

Besides that an Australian regulated Forex broker also has to meet other obligations, including provisions for training the staff, meet regulatory compliance, have standard procedures for dispute resolution, and have adequate insurance to safeguard client funds.

Unlike many Forex brokers who are registered in small island nations, where regulatory oversight is limited at best, as a Western democracy, Australian government regulatory authority – the ASIC – provides a safe trading environment for both local and international retail Forex participants.

The high growth momentum in the Forex industry has promoted some of the leading brokers to start offering cutting edge trading features such as Straight Through Processing (STP) and True ECN. Currently, Australia is home to some of the largest True ECN Forex brokers in the world. In fact, the ECN trading even attracted some of the largest institutional traders and money managers to start using Australia based brokers.

What is Forex Trading

If you ever visit outside Australia, you would need to convert your Australian Dollars into the local currency of your destination country. For example, if you visit a friend in Auckland, you need to purchase some New Zealand Dollar to buy a gift for your friend.

To do so, you need to hand in your Australian Dollars to a foreign exchange broker/dealer and he or she will hand you the New Zealand Dollar in exchange. The amount of New Zealand Dollar you will receive will depend on the exchange rate of the day.

In a nutshell, trading Forex means exchanging any currency into another currency.

Now, the price of each currency is set by people and institution buying and selling national currencies in a virtual international marketplace called the foreign exchange (Forex) market. The Forex market is the largest market by volume in the world. In 2014, the Forex market had an average daily volume of as much as $5.5 trillion!

Making Profits from Trading Forex

The sheer volume of trading in the Forex market presents us with a unique opportunity to profit from the price fluctuations in the market.

For example, right now (as of September 5, 2015) the rate for each Australian Dollar (AUD) against the New Zealand Dollar (NZD) is 1.1005, which means if you hand in 1 AUD to a foreign exchange dealer, he or she will hand you 1.1000 NZD.

However, this rate can either go up or down over the next few days based on the supply and demand of these two national fiat currencies.

Let’s say the rate of AUD/NZD goes down to 1.0000 next week, and you still have few NZD left after your trip ended. Since you cannot pay for coffee in Melbourne with New Zealand Dollar, you need to convert it back to the Australian Dollar.

Since the rate has gone down to 1.0000 from 1.1000, you will receive 1 AUD back for each 1 NZD.

But, remember that initially, you received 1.1 NZD for each AUD.

So, you just made a profit of $0.10 NZD on your way back home!

This is a very simple example of how you can make profits from buying and selling foreign exchange from the comfort of your home.

Secret of Making Huge Profits with Forex Trading

But wait mate, we haven’t told you the secret about why Forex trading has become so popular over the last few years…

The broker/dealers offer trading on margin, which is called leverage. Some of the top Forex brokers in Australia offer 400:1 or even 500:1 leverage! It means you can buy 400 or 500 AUD with a deposit of only 1 AUD! With leverage a small fluctuation in the price can magnify your profits by 400 times!

So, the 0.10 NZD profit would become 40 NZD if you were trading with a professional broker that offers 400:1 leverage.


John Walker

John Walker

Market Analyst at Clicking Media Group
John was born in London ( United Kingdom ) and studied at The London School of Economics. Currently he lives in Sydney ( Australia ) and he works as market analyst at Clicking Media Group.
John Walker

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    Risk Warning: Trading in Financial instruments always involves substantial risk of loss and it´s not recommended for all investors or traders ( visit ASIC’s consumer website at for general guidance about investing).
    Before deciding to trade foreign exchange you should carefully consider your investment objectives, your experience and risk propensity.
    You need to know there is a chance that you can lost some or all of your initial investment therefore you should avoid to invest money that you cannot afford to lose. Read Full Disclaimer

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