Forex trading has gained a lot of popularity in recent years, and with the increasing number of traders, it’s important to choose a reliable forex broker. In Australia, forex trading is regulated by the Australian Securities and Investments Commission (ASIC). The ASIC is known for being one of the most reliable regulators in the world, making it an attractive destination for forex brokers. In this article, we’ll be discussing the best forex brokers in Australia in 2023.

1. IG Markets

IG Markets is a well-established forex broker with over 45 years of experience in the industry. The company is regulated by the ASIC and is known for offering a wide range of trading instruments, including forex, stocks, indices, and commodities. IG Markets is also known for its competitive spreads, with some of the lowest spreads in the industry.

IG Markets offers several trading platforms, including MetaTrader 4 (MT4) and its proprietary platform, IG Trading. The platform is user-friendly and offers a range of trading tools, including technical analysis tools, charting tools, and news and analysis.

IG Markets also offers excellent customer support, with a 24/7 customer support team that’s available via phone, email, and live chat. The broker also offers educational resources, including webinars, video tutorials, and a trading academy.

2. Pepperstone

Pepperstone is a popular forex broker in Australia that’s known for its fast execution speeds and low spreads. The company is regulated by the ASIC and is known for offering a range of trading instruments, including forex, stocks, indices, and commodities.

Pepperstone offers several trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. The platform is user-friendly and offers a range of trading tools, including technical analysis tools, charting tools, and news and analysis.

Pepperstone also offers excellent customer support, with a 24/7 customer support team that’s available via phone, email, and live chat. The broker also offers educational resources, including webinars, video tutorials, and a trading academy.

3. Plus500

Plus500 is a well-established forex broker with over 10 years of experience in the industry. The company is regulated by the ASIC and is known for offering a range of trading instruments, including forex, stocks, indices, and commodities.

Plus500 offers a proprietary trading platform that’s user-friendly and offers a range of trading tools, including technical analysis tools, charting tools, and news and analysis. The platform is also available on mobile devices, making it convenient for traders who are always on the go.

Plus500 also offers excellent customer support, with a 24/7 customer support team that’s available via phone, email, and live chat. The broker also offers educational resources, including webinars, video tutorials, and a trading academy.

4. CMC Markets

CMC Markets is a well-established forex broker with over 30 years of experience in the industry. The company is regulated by the ASIC and is known for offering a range of trading instruments, including forex, stocks, indices, and commodities.

CMC Markets offers several trading platforms, including MetaTrader 4 (MT4) and its proprietary platform, Next Generation. The platform is user-friendly and offers a range of trading tools, including technical analysis tools, charting tools, and news and analysis.

CMC Markets also offers excellent customer support, with a 24/7 customer support team that’s available via phone, email, and live chat. The broker also offers educational resources, including webinars, video tutorials, and a trading academy.

5. FP Markets

FP Markets is a popular forex broker in Australia that’s known for its low spreads and fast execution speeds. The company is regulated by the ASIC and is known for offering a range of trading instruments, including forex, stocks, indices, and commodities.

6. AvaTrade

AvaTrade is a well-established forex broker that’s regulated by the ASIC and is known for offering a wide range of trading instruments, including forex, stocks, indices, and commodities. The company is known for its competitive spreads, with some of the lowest spreads in the industry.

AvaTrade offers several trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary platform, AvaTradeGO. The platform is user-friendly and offers a range of trading tools, including technical analysis tools, charting tools, and news and analysis.

AvaTrade also offers excellent customer support, with a 24/7 customer support team that’s available via phone, email, and live chat. The broker also offers educational resources, including webinars, video tutorials, and a trading academy.

7. FXCM

FXCM is a well-established forex broker with over 20 years of experience in the industry. The company is regulated by the ASIC and is known for offering a range of trading instruments, including forex, stocks, indices, and commodities.

FXCM offers several trading platforms, including MetaTrader 4 (MT4) and its proprietary platform, Trading Station. The platform is user-friendly and offers a range of trading tools, including technical analysis tools, charting tools, and news and analysis.

FXCM also offers excellent customer support, with a 24/7 customer support team that’s available via phone, email, and live chat. The broker also offers educational resources, including webinars, video tutorials, and a trading academy.

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Conclusion

When choosing a forex broker, it’s important to choose a broker that’s reliable, offers a range of trading instruments, and has excellent customer support. The brokers mentioned in this article are all regulated by the ASIC and are known for their reliability and excellent customer support.

IG Markets, Pepperstone, Plus500, CMC Markets, FP Markets, AvaTrade, and FXCM are all reputable forex brokers that offer a range of trading instruments and user-friendly trading platforms. They all offer excellent customer support and educational resources for traders of all levels.

Ultimately, the best forex broker for you will depend on your individual trading needs and preferences. It’s important to do your own research and choose a broker that’s the best fit for you.

7 Best Forex Brokers in Australia for 2023