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4 Best ASIC-Regulated Forex Brokers for 2026
Updated: Jul 22, 2026
Advertising DisclosureWe prioritize rigorous, unbiased testing through our independent review process. While our ratings are objective, we receive compensation that may influence list placement. Learn how we make money
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.
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
Fast order execution under 66 milliseconds. Choice of user-friendly platforms. Low spreads and commissions. VPS hosting.
Fast order execution under 40 milliseconds. Multiple tradable instruments. Multiple platforms. Sophisticated third-party tools, including Autochartist. Social trading.
Comprehensive educational content. Trading API offering. 300 share CFDs of Australian companies.
Versatile trading app. Top-tier licensing. Excellent trading tools. Choice of platforms and tradable instruments.
| Broker | Ranking | Max Leverage | Asset Classes | Fees Score | Foundation Year | Min Deposit | Meta Trader | cTrader | Trading View | Trading Desk Type |
|---|---|---|---|---|---|---|---|---|---|---|
IC Markets IC Markets | 4.7 Read Review | 1:30 (ASIC), 1:30 (CySEC), 1:5000 (FSA), 1:400 (CMA), 1:200 (SCB) 1:30 (ASIC), 1:30 (CySEC), 1:5000 (FSA), 1:400 (CMA), 1:200 (SCB) | Forex (61), Commodities (26), Stocks (2100), Crypto (19), Indices (24), Bonds (9) Forex (61), Commodities (26), Stocks (2100), Crypto (19), Indices (24), Bonds (9) | 4.8 | 2007 | $200 | ECN | |||
FP Markets FP Markets | 4.6 Read Review | 1:500 (FSA), 1:500 (FSCM), 1:500 (Unregulated), 1:400 (FSCA), 1:30 (ASIC), 1:500 (CMA) 1:500 (FSA), 1:500 (FSCM), 1:500 (Unregulated), 1:400 (FSCA), 1:30 (ASIC), 1:500 (CMA) | Forex (72), Commodities (29), Stocks (10000), Crypto (12), Indices (19), ETFs (46), Bonds (2) Forex (72), Commodities (29), Stocks (10000), Crypto (12), Indices (19), ETFs (46), Bonds (2) | 4.1 | 2005 | $100 | ECN, STP, DMA | |||
Capital.com Capital.com | 4.5 Read Review | 1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:200 (SCB), 1:300 (CMA UAE) 1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC), 1:200 (SCB), 1:300 (CMA UAE) | Forex (147), Commodities (97), Stocks (4573), Crypto (543), Indices (45), ETFs (908) Forex (147), Commodities (97), Stocks (4573), Crypto (543), Indices (45), ETFs (908) | 4.1 | 2016 | $20 | Market Maker | |||
VT Markets VT Markets | 4.5 Read Review | 1:1000 (FSCM), 1:1000 (CMA UAE), 1:1000 (FSCA) 1:1000 (FSCM), 1:1000 (CMA UAE), 1:1000 (FSCA) | Forex (78), Commodities (22), Stocks (730), Crypto (47), Indices (33), ETFs (57), Bonds (7) Forex (78), Commodities (22), Stocks (730), Crypto (47), Indices (33), ETFs (57), Bonds (7) | 4.5 | 2015 | $100 | ECN, STP, No dealing desk |
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.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now let’s dive into the selected brokers.
Best Overall
4.7
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.
- $200Min Deposit
- 2239Tradable 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
Pros
- Deep liquidity and fast execution.
- Competitive pricing.
- Over 2,200 instruments.
- Excellent set of trading platforms and tools.
Cons
- Limited choice of Australian CFD shares.
Best Low Spreads
4.6
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.
- $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
Pros
- Fast execution times.
- Small spreads.
- Over 10,000 instruments.
- 105 Australian shares CFDs.
Cons
- The top-tier “Professional Account” has a high bar to entry.
Best MT4
4.5
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.
- $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
Pros
- Fast execution times.
- Excellent spreads, especially on forex.
- Over 5,500 instruments.
- 300 Australian shares CFDs.
Cons
- cTrader is not offered.
Best Trading App
4.5
Trading CFDs carries a high level of risk and may not be suitable for all investors. Leverage in CFD trading can magnify gains and losses, potentially exceeding your original capital. It’s crucial to fully understand and acknowledge the associated risks before trading CFDs. Consider your financial situation, investment goals, and risk tolerance before making trading decisions. Past performance is not indicative of future results. Refer to our legal documents for a comprehensive understanding of CFD trading risks.
- $100Min Deposit
- 974Tradable Instruments
- LowFees
Why We Picked It
VT Markets opened in 2015 and has been very active in the pursuit of mobile trading applications and trading perfection. The broker offers plenty of leverage, has a Sydney entity, and quite often will have promotions. The VT Markets App is world-class and one of my favorite apps available.
VT Markets offers over 1,000 CFD markets, allowing traders to get exposure to forex, energies, soft commodities, indices, metals, CFD shares, CFD bonds, and CFD ETFs. This gives traders broad exposure to global market movements, and all are available on the excellent mobile app.
Regional Features:
- Australian entity: VT Global Pty Ltd
- AFSL registration number: 516246
- Office location: Sydney
- Australian assets: Index Australia 200
- Available platforms: MetaTrader 4&5, cTrader, TradingView, WebTrader, VT Markets App
I opened a Standard STP account at VT, using the MetaTrader 5 platform, but also tested the VT Markets App. The average spread on EUR/USD was 1.2 pips, with no commission. The list of assets offered was varied, and although there are over 800 share CFDs available, VT has stopped offering Australian shares. However, they have expanded into Hong Kong and Mainland China, which will be appealing to a lot of Aussie traders.
The execution speed was fast, and the ability to deposit and withdraw in AUD is a plus. The ability to have leverage on forex up to 1:500 is a bonus as well. The mobile platform is fast and intuitive, and is easy to work with. I found it to be the most appealing factor in choosing VT Markets.
Pros and Cons
Pros
- Low spreads
- Dedicated copy trading app
- Great VT Markets App for account management
- 1,000+ CFD assets, including Australian indices and stocks
Cons
- Narrow education
- Withdrawal fee via Skrill and Neteller
Meet Our Experts
The forex and CFD analysts and editors at FXEmpire bring together seasoned trading professionals and experienced financial journalists. Many of our experts have been featured in leading publications such as Investopedia and Forbes, and all of them combine strong industry credentials with hands-on trading experience.
Dan BlystoneBroker Analyst
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan SolankiBroker Analyst
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Plamen StoyanovBroker Analyst
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.
Vladimir ZernovBroker Analyst
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Dive deeper with our experts.Continue the conversation with traders and analysts in our community channels.
About the Authors
Plamen StoyanovBroker Analyst
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 LewisSenior Analyst
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.
Why you can trust FXEmpire
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
Why you can trust FXEmpire
Advertising DisclosureWe prioritize rigorous, unbiased testing through our independent review process. While our ratings are objective, we receive compensation that may influence list placement. Learn how we make money