{"id":82192,"date":"2023-01-24T02:02:50","date_gmt":"2023-01-24T02:02:50","guid":{"rendered":"https:\/\/arielle.com.au\/?post_type=review&#038;p=82192"},"modified":"2026-05-11T03:16:08","modified_gmt":"2026-05-11T03:16:08","slug":"best-forex-trading-platforms-australia","status":"publish","type":"review","link":"https:\/\/arielle.com.au\/best-forex-trading-platforms-australia\/","title":{"rendered":"10 Best Forex Trading Platforms In Australia For 2026 [May Update]"},"content":{"rendered":"\n<p>Forex is the most liquid market in the Australian financial world, with nearly 70 forex brokers holding Australian Financial Services licences. But which forex trading platform is the best?<\/p>\n\n\n\n<p>The brutal truth is that most forex trading platforms are almost identical.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>They compete for your business mainly on price.<\/span><\/div><\/div>\n\n\n\n<p>Their feature sets are very similar, with most forex brokerages building on top of well-known, popular third-party platforms like MetaTrader, cTrader, DupliTrade, and Myfxbook.<\/p>\n\n\n\n<p>Acting as middlemen between liquidity providers and you, they make a profit by taking a small percentage point (aka pip) of your transaction.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Yet, minor differences in fee structure and the range of available tools exist, which can add up to significant differences in profits (or losses) over time.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Because I recently decided to dabble in forex trading myself, I spent a week studying these tiny differences to pick the best forex broker for my own needs. Here&#8217;s what I found.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Pepperstone Forex\" href=\"https:\/\/arielle.com.au\/recommends\/pepperstone-forex\/\" data-shortcode=\"true\">Pepperstone<\/a>.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Most powerful forex trading platform in Australia.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/best-forex-brokers-in-australia-1024x569.jpg\" alt=\"\" class=\"wp-image-117013\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/best-forex-brokers-in-australia-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/best-forex-brokers-in-australia-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/best-forex-brokers-in-australia-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/best-forex-brokers-in-australia.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/arielle.com.au\/recommends\/pepperstone-forex\/\">See Platform In Action<\/a><\/div>\n<\/div>\n\n\n\n<p>Pepperstone is an online forex broker headquartered in Melbourne, Australia.<\/p>\n\n\n\n<p>The company was founded in 2010 and is highly regulated, holding licenses from the ASIC, FCA, SCB, DFSA, CMA, CySec, and BaFin.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<p>Let\u2019s kick off with a discussion of Pepperstone\u2019s trading platforms:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>MetaTrader<\/strong> 4 and MetaTrader 5.<\/li><li><strong>TradingView<\/strong>.<\/li><li><strong>cTrader<\/strong>.<\/li><li><strong>Pepperstone<\/strong> Trading Platform (proprietary).<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Spoiled for choice? Yes, you are.<\/p>\n\n\n\n<p>Advanced forex traders will appreciate cTrader and MT4\/5, while beginner and intermediate users will likely start with the more user-friendly TradingView and Pepperstone&#8217;s native platforms.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">cTrader is only available to Windows users.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Pepperstone Forex\" href=\"https:\/\/arielle.com.au\/recommends\/pepperstone-forex\/\" data-shortcode=\"true\">Pepperstone<\/a> matches Fusion Markets (below) in the social and copy trading department by giving you access to DupliTrade and Myfxbook.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>However, Pepperstone outperforms Fusion Markets in its range of tradable assets.<\/span><\/div><\/div>\n\n\n\n<p>You can access about the same currency pairs, but more than 1,000 other instruments \u2013 including CFDs on commodities, ETFs, shares, indices and crypto.<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/australian-dollar-forecast\/\">Will The Australian Dollar Tank In 2026?<\/a>)<\/strong><\/p>\n\n\n\n<p>The difference in share CFDs is most significant.<\/p>\n\n\n\n<p>While Fusion Markets gives you access to just over 100 US share CFDs, Pepperstone spoils you rotten with over 1,160 from the US, 100 from the UK, 200 from Australia and a few others from Hong Kong and Germany.<\/p>\n\n\n\n<p>If the range of instruments is your deciding factor, Pepperstone is the best choice.<\/p>\n\n\n\n<p>However, if low fees are your top priority, Pepperstone slips into 2nd place.<\/p>\n\n\n\n<p>You can trade via one of three retail investor accounts:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Standard.<\/strong> Commission-free with average spreads (about 0.77 pips on the EUR\/USD).<\/li><li><strong>Razor.<\/strong> Commission-based with variable spreads (same EUR\/USD pair is about 0.17).<\/li><li><strong>Professional.<\/strong> You must prove that you know what you\u2019re doing to get access to higher leverage and perks but forfeit a lot of regulatory protections.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>On average, Pepperstone\u2019s spreads are slightly wider than Fusion Markets\u2019. Commissions are also about $1 higher per side, at $3.5.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>However, Pepperstone will rebate a portion of your spread if you qualify for its Active Trader program.<\/span><\/div><\/div>\n\n\n\n<p>For example, if you trade more than 200 lots over a 3-month period, you\u2019ll qualify for a 20% discount. <\/p>\n\n\n\n<p>If you trade more than 1500 lots, you\u2019ll receive a 30% discount. Members of the Active Trader program also get free VPS hosting, a dedicated account manager and better reporting.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">You\u2019ll need to email Pepperstone (<a href=\"file:\/\/\/\/Users\/smcconnell\/Library\/Group%20Containers\/UBF8T346G9.Office\/TemporaryItems\/msohtmlclip\/clip_filelist.xml\" target=\"_blank\" rel=\"noreferrer noopener\">premium@pepperstone.com<\/a>) to join. It doesn\u2019t happen automatically.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>You don\u2019t pay any deposit, withdrawal or inactivity fees.<\/p>\n\n\n\n<p>Last but not least, you get excellent support 24\/7 via phone, email, live chat and even WhatsApp. Customer service agents are patient and polite.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Education content is top notch.<\/span><\/div><\/div>\n\n\n\n<p>You get a comprehensive set of \u201cLearn to Trade\u201d webinars, videos and blog posts, plus access to The Cornelian Academy \u2013 a third-party trading education provider (that also partners with Eightcap, below).<\/p>\n\n\n\n<div style=\"height:61px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<p>There&#8217;s not much to complain about. Really.<\/p>\n\n\n\n<p>You\u2019ll need to watch out for the $5,000 minimum deposit when using DupliTrade.<\/p>\n\n\n\n<p>The other feature that would improve Pepperstone is the ability to trade real stocks. <\/p>\n\n\n\n<p>I know it&#8217;s a big ask, but this is where a full-service trading platform like IC Markets (below) offers more convenience. I would prefer to manage my CFD, share and forex portfolios from one platform, rather than having a separate one for each.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Pepperstone Forex\" href=\"https:\/\/arielle.com.au\/recommends\/pepperstone-forex\/\" data-shortcode=\"true\">Pepperstone<\/a> offers the best forex trading conditions in Australia. Think of it as institutional-grade trading made available to Australian retail traders, in a user-friendly package.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Spreads aren\u2019t as good as Fusion Markets\u2019, but are very competitive \u2013 and can be reduced by hitting monthly trading thresholds in the Active Trader discount program.<\/span><\/div><\/div>\n\n\n\n<p>If you\u2019re comfortable with MetaTrader and\/or cTrader, want to trade large volumes of a wide variety of instruments, and dabble in copy trading, Pepperstone is your best choice.<\/p>\n\n\n\n<p>Fast trade execution speeds and outstanding customer support seal the deal.<\/p>\n\n\n\n<p>According to the CEO Tamas Szabo, Pepperstone attracts a lot of referral business, which is always a good sign. Incidentally, Tamas has been in the industry for over 25 years, moving from IG Group, where he did a stint as CEO of Asia Pacific.<\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/arielle.com.au\/recommends\/pepperstone-forex\/\">See Platform In Action<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Does Pepperstone Offer This Feature?<\/th><th class=\"has-text-align-center\" data-align=\"center\">Yes\/No<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>MT4\/5<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>cTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>WebTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>TradingView<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>DupliTrade<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Myfxbook<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>No Commission Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Raw Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Pro Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>GSLOs<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Fusion Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\" data-shortcode=\"true\">Fusion Markets<\/a>.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cheapest forex broker in Australia.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-low-cost-forex-trading-platform-australia-1024x569.jpg\" alt=\"\" class=\"wp-image-96433\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-low-cost-forex-trading-platform-australia-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-low-cost-forex-trading-platform-australia-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-low-cost-forex-trading-platform-australia-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-low-cost-forex-trading-platform-australia.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\">See Platform In Action<\/a><\/div>\n<\/div>\n\n\n\n<p>Fusion Markets is an ASIC-regulated Australian forex broker with headquarters in Melbourne. Founded in 2017, it started out as a no-frills, low-cost forex trading platform.<\/p>\n\n\n\n<p>In recent years, it made an effort to offer Australian forex traders a larger range of features without losing its focus on low trading costs.<\/p>\n\n\n\n<p>Did it succeed? We&#8217;re about to find out.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<p>Fusion Markets spoils you with powerful trading tools and a healthy range of tradeable assets. Trading platforms include:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>MetaTrader<\/strong> 4 and MetaTrader 5.<\/li><li><strong>MetaTrader<\/strong> WebTrader (for MetaTrader 4).<\/li><li><strong>TradingView<\/strong>.<\/li><li><strong>cTrader<\/strong>.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>This is a very comprehensive offering that will satisfy beginners, intermediates, advanced and professional forex traders.<\/p>\n\n\n\n<p>I was particularly surprised at the inclusion of cTrader. <\/p>\n\n\n\n<p>Only Pepperstone and GO Markets offer this platform with advanced analysis tools, algos, advanced market depth and thousands of technical indicators.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Beginners need not feel abandoned.<\/span><\/div><\/div>\n\n\n\n<p>MetaTrader&#8217;s web-based WebTrader is an easy-to-use, friendly and intuitive platform that will offer training wheels until they&#8217;re ready.<\/p>\n\n\n\n<p>Meanwhile, beginners who want a more hands-off approach to forex trading will appreciate access to DupliTrade. A third-party copy trading provider, it allows you to duplicate expert traders&#8217; activities through MT4 and MT5.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Fusion Markets gives you access to an impressive 90 forex pairs that include majors, minors and exotics, but you&#8217;re not limited to forex. Energy commodities, precious metals, equities crypto CFDs and 110 US share CFDs are also available.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Social trading features are also available as part of Myfxbook add-on &#8211; one of the world&#8217;s largest forex trading communities. <\/p>\n\n\n\n<p>It doesn&#8217;t have the most modern-looking interface, but it gets the job done.<\/p>\n\n\n\n<p>As with Pepperstone, you can choose an account that best fits your experience level and trading style:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Classic.<\/strong><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\"> Zero commissions, but the spreads aren&#8217;t very competitive. About on par with forex industry average.<\/span><\/li><li><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Zero. <\/strong><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Raw account with commissions of $2.25 per side. Spreads are razor-tight<\/span> and are about 30% lower than the industry average. Expect EUR\/USD to be in the range of 0.03 pips and AUD\/USD to be about 0.4 pips.<\/li><li><strong>Professional.<\/strong> For professional and sophisticated traders only, the account removes ASIC&#8217;s leverage limitations, adds priority support and a dedicated account manager. To qualify, you&#8217;ll need to jump through several hoops. These include <span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">an asset test ($2.5m in assets or $250k in gross income) or an experience test (notional trading volume of $1m in 2 years or direct professional experience with leveraged trading).<\/span> <\/li><\/ul><\/div><\/div>\n\n\n\n<p>Like most of the best Australian forex brokers, Fusion Markets doesn&#8217;t charge deposit, withdrawal or inactivity fees.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>I haven&#8217;t heard of any issues with withdrawing profits.<\/span><\/div><\/div>\n\n\n\n<p>Hedging, scalping and EAs are allowed.<\/p>\n\n\n\n<p>I was impressed by <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Fusion Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\" data-shortcode=\"true\">Fusion Markets<\/a>&#8216; fast execution speeds, hardly ever noticing any hard slips or requotes. <\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Those who want more power can upgrade to a VPS for about $25\/month, and Fusion Markets will refund its cost if you trade more than 20 lots per month.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Last but not least, 24\/7 support via email, chat and telephone beats other providers. The industry standard is 24\/5. Agents are responsive, helpful and patient. <\/p>\n\n\n\n<p>The fact that you\u2019re dealing with an Australian broker that\u2019s based in Australia helps here.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<p>I don&#8217;t have major gripes with <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Fusion Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\" data-shortcode=\"true\">Fusion Markets<\/a>. And it&#8217;s not for the lack of trying. But there are a few yellow flags.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>My first warning is the same as I made about Pepperstone &#8211; aimed at would-be copy traders.<\/span><\/div><\/div>\n\n\n\n<p>DupliTrade has a $5,000 minimum entry threshold, which will deter many beginners.<\/p>\n\n\n\n<p>Second, compared with <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Pepperstone Forex\" href=\"https:\/\/arielle.com.au\/recommends\/pepperstone-forex\/\" data-shortcode=\"true\">Pepperstone<\/a>, Fusion&#8217;s range of share CFDs is fairly limited. You get access to just over 100, while Pepperstone gives you over 1,000.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Education tools are also fairly basic.<\/span><\/div><\/div>\n\n\n\n<p>Yes, you&#8217;ll find some YouTube videos to get you up and running. They&#8217;re not terribly exciting, but are clear and logical.<\/p>\n\n\n\n<p>I won&#8217;t harp on this too much, as education is an Achilles&#8217; Heel for most forex brokers, but Fusion Markets&#8217; efforts are particularly &#8220;meh&#8221;.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Surprisingly, GSLOs are not available &#8211; even for an additional fee. I&#8217;d happily pay for this feature.<\/span><\/div><\/div>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Fusion Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\" data-shortcode=\"true\">Fusion Markets<\/a> is a great forex broker because it achieves the impossible goal of being both low-cost and fully-featured.<\/p>\n\n\n\n<p>It beats other top forex brokers with the lowest commissions of $2.25 per side and best spreads in the game on its Zero account. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>The differences can lead to substantial savings for forex traders, especially those who trade frequently.<\/span><\/div><\/div>\n\n\n\n<p>But the range of trading assets is disappointingly low. I&#8217;d like access to more share CFDs in particular.<\/p>\n\n\n\n<p>Intermediate and advanced traders will appreciate Fusion Markets&#8217; focus on top-tier trading platforms in MT4\/5 and cTrader. Meanwhile, beginner traders will appreciate the training wheels offered by WebTrader, DupliTrade and Myfxbook.<\/p>\n\n\n\n<p>I like that the company doesn&#8217;t sponsor sports teams or invest in other expensive, elaborate marketing schemes or gimmicks. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>You get a low-cost, reliable forex broker with a surprisingly strong selection of trading platforms, instruments and 3rd party tools.<\/span><\/div><\/div>\n\n\n\n<p>CEO Phil Horner is an Australian living in Australia and a veteran of the forex trading industry.<\/p>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\">See Platform In Action<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Does Fusion Markets Offer This Feature?<\/th><th class=\"has-text-align-center\" data-align=\"center\">Yes\/No<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>MT4\/5<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>cTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>WebTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>TradingView<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>DupliTrade<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Myfxbook<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>No Commission Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Raw Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Pro Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>GSLOs<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Vantage Trading\" href=\"https:\/\/arielle.com.au\/recommends\/vantage-trading\/\" data-shortcode=\"true\">Vantage Markets<\/a>.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Great all-round forex trading platform.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-forex-trading-platform-1024x569.jpeg\" alt=\"the best forex trading platform\" class=\"wp-image-96418\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-forex-trading-platform-1024x569.jpeg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-forex-trading-platform-300x167.jpeg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-forex-trading-platform-768x427.jpeg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/the-best-forex-trading-platform.jpeg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/arielle.com.au\/recommends\/vantage-trading\/\">See Platform In Action<\/a><\/div>\n<\/div>\n\n\n\n<p>Vantage was founded in 2009 as VantageFX but has rebranded as Vantage after post-GFC QE efforts squeezed a lot of volatility out of the forex markets and made it difficult to make money by trading forex alone.<\/p>\n\n\n\n<p>Today, Vantage offers a very robust selection of instruments across a number of markets. It is regulated by ASIC in Australia.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<p>Like most forex brokers in this review, Vantage does not have a proprietary desktop trading suite. You will trade via MT4 or MT5. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>This is great news for serious traders, as these platforms have been industry standards for years.<\/span><\/div><\/div>\n\n\n\n<p>But Vantage also takes care of beginners by including the more user-friendly Charts By TradingView suite.<\/p>\n\n\n\n<p>In that sense, it allows beginners to start with Charts and transition to MT4 and MT5 when ready, while advanced traders can jump into the deep end immediately.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Vantage also allows you to trade via its proprietary mobile trading app.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Combined, these make one of the industry&#8217;s most comprehensive trading platform offerings.<\/p>\n\n\n\n<p>The structure of Vantage&#8217;s retail investor accounts is very similar to that of Fusion, Pepperstone and Eightcap:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Standard.<\/strong><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\"> Zero commissions, wider variable spreads (e.g., EUR\/USD from 1.4 pips).<\/span><\/li><li><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Raw.<\/strong><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\"> Small commissions, narrow variable spreads on an ECN account (e.g., EUR\/USD from 0.0 pips). The commissions are remarkably low at $1 per lot ($2 round-trip).<\/span><\/li><li><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Pro.<\/strong><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\"> Available for eligible clients. The usual barriers to entry apply (very similar to those of Fusion Markets and others \u2013 I won\u2019t rehash them <\/span>again.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Overall, the fee structure is very competitive when compared with the best forex brokerages in Australia. Use the Raw account for the lowest overall fees, and stay out of the Pro account \u2013 unless you really know what you\u2019re doing.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>The range of tradeable assets is robust without being excessive. <\/span><\/div><\/div>\n\n\n\n<p>While some people criticise it for being insufficient, I prefer its tighter focus (which leads to fewer distractions).<\/p>\n\n\n\n<p>Apart from 44 forex pairs, you get CFDs on 500 US shares, 50 Australian shares, 200 UK and Euro shares, as well as CFDs on 7 bonds, 40 cryptocurrencies, 35 ETFs and a healthy selection of commodities, indices and precious metals.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>I like that Vantage gives you access to a few unexpected perks.<\/span><\/div><\/div>\n\n\n\n<p>SmartTrader tools are included as part of the MetaTrader suite, as well as news and sentiment analysis from FXWire Pro and Fx Street.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<p>Educational resources are on par with other brokerages. Meanwhile, customer support is good but only available 24\/5.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Fusion Markets still leads the pack here with its 24\/7 availability.<\/span><\/div><\/div>\n\n\n\n<p>The absence of ZuluTrade and DupliTrade is also a surprise. I know that Vantage offers these copy-trading 3rd party add-ons in other global markets, so their decision not to offer them in Australia is unusual.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Vantage has one of the lowest ranges of tradaable forex assets &#8211; 44 pairs.<\/span><\/div><\/div>\n\n\n\n<p>This is about 20 less than you get with Pepperstone and Fusion, but all the usual majors, minors and exotics are there.<\/p>\n\n\n\n<p>It\u2019s just that some of the very exotic pairs aren\u2019t available (but do you need to take out a position on the GBP\/CZK (British Pound \/ Czech Koruna)?<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p>I like Vantage because it\u2019s clearly aimed at sensible, serious CFD and forex traders (and people who want to reach that level).<\/p>\n\n\n\n<p>Its ECN-style Raw account gives you access to some of the lowest trading fees on the market, and a healthy \u2013 but not overwhelming &#8211; selection of markets encourages you to step outside of forex.<\/p>\n\n\n\n<p>MetaTrader 4 and 5, WebTrader, TradingView and an easy-to-use mobile trading app put every trading tool at your fingertips.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Only cTrader is missing, but there\u2019s very little it can do that the other options can\u2019t.<\/span><\/div><\/div>\n\n\n\n<p>The lack of copy trading features is somewhat disappointing, but to be entirely honest, most serious traders won\u2019t be planning to automate their trades.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/arielle.com.au\/recommends\/vantage-trading\/\">See Platform In Action<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:24px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Does Vantage Offer This Feature?<\/th><th class=\"has-text-align-center\" data-align=\"center\">Yes\/No<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>MT4\/5<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>cTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>WebTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>TradingView<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>DupliTrade<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Myfxbook<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>No Commission Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Raw Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Pro Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>GSLOs<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Eightcap Forex\" href=\"https:\/\/arielle.com.au\/recommends\/eightcap-forex\/\" data-shortcode=\"true\">Eightcap<\/a>.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Good all-rounder forex trading platform.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/is-eightcap-a-good-forex-trading-platform-1024x569.jpg\" alt=\"is eightcap a good forex trading platform\" class=\"wp-image-96412\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/is-eightcap-a-good-forex-trading-platform-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/is-eightcap-a-good-forex-trading-platform-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/is-eightcap-a-good-forex-trading-platform-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/10\/is-eightcap-a-good-forex-trading-platform.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Another forex trading platform founded by Aussies, Eightcap hails from Melbourne and is regulated by ASIC.<\/p>\n\n\n\n<p>I\u2019ve seen other reviewers promoting Eightcap as the best forex broker for beginners, but I vehemently disagree \u2013 for reasons I\u2019ll explain below.<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/forex-trading-scams\/\">How To Avoid Forex Trading Scams<\/a>).<\/strong><\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Eightcap Forex\" href=\"https:\/\/arielle.com.au\/recommends\/eightcap-forex\/\" data-shortcode=\"true\">Eightcap<\/a> is a MetaTrader-only forex broker with a few 3rd party bolt-ons to sweeten the deal.<\/p>\n\n\n\n<p>This is where I disagree with reviewers who push it as a \u201cbeginner-friendly platform with a user-friendly interface\u201d.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>These people are smoking something I&#8217;m not \u2013 while MT4 and 5 are powerful tools, they\u2019re not known for being intuitive or friendly.<\/span><\/div><\/div>\n\n\n\n<p>Beginners can certainly wrap their heads around them if they persist, but people who want a very easy introduction to forex trading should look for a brokerage that offers their own proprietary, web-based platforms (e.g., Go Markets) or a WebTrader version of MT4\/5 (e.g., Fusion Markets or Vantage).<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/best-stock-trading-app-australia\/\">What Are The Best Stock Trading Apps In Australia?<\/a>)<\/strong><\/p>\n\n\n\n<p>Yes, I realise that <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Eightcap Forex\" href=\"https:\/\/arielle.com.au\/recommends\/eightcap-forex\/\" data-shortcode=\"true\">Eightcap<\/a> also offers the more user-friendly TradingView, but that requires you to place trades via a mobile app or manually via MT4 anyway \u2013 not ideal for beginners.<\/p>\n\n\n\n<p>Eightcap\u2019s range of tradable instruments is large and well-balanced. Predictably, you\u2019re not limited to only forex, and can build a balanced portfolio of different asset classes.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">40 currency pairs that include majors, minors and exotics, 14 CFD commodities and over 500 share CFDs from US, UK, Australian exchanges, as well as 18 indices and over 100 crypto CFDs. Yes, 100.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Account structure mirrors that of <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Fusion Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\" data-shortcode=\"true\">Fusion Markets<\/a> and <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Pepperstone Forex\" href=\"https:\/\/arielle.com.au\/recommends\/pepperstone-forex\/\" data-shortcode=\"true\">Pepperstone<\/a>:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Standard.<\/strong><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\"> No commissions but higher spreads (from 1 pip markup).<\/span><\/li><li><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Raw.<\/strong><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\"> $3.5 commission per standard lot. Spreads are variable and fairly low (e.g., EUR\/USD is 0.17). This is the best option for people who understand spread structure and trade frequently.<\/span><\/li><li><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Professional.<\/strong><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\"> As with Fusion Markets and Pepperstone, you\u2019ll need to prove that you know what you\u2019re doing (or at least can afford to lose copious amounts of money, ha). Volume of $2m over the last 2 years or $2.5m in assets or $250k\/year salary will do it.<\/span><\/li><\/ul><\/div><\/div>\n\n\n\n<p>I like that Eightcap offers a couple of perks that other brokers don\u2019t.<\/p>\n\n\n\n<p>The first is Capitalise.ai \u2013 a trading bot that allows you to automate much of your trading without using any code. You can communicate with it using a chat interface.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>For example, type \u201cif EUR\/USD falls by 20%, sell my position\u201d \u2013 and it will create a stop loss order for you. Is it cute? Yes. Will it save you time? Maybe.<\/span><\/div><\/div>\n\n\n\n<p>The second and more useful feature is FlashTrade.<\/p>\n\n\n\n<p>This bolt-on allows you to modify your stop losses and take profits when you\u2019re already in the trade. This ability to change parameters as the trade develops allows you to react to the market more dynamically.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<p>Research and education are pretty average. It\u2019s nothing more than a public blog called Eightcap Labs. <\/p>\n\n\n\n<p>You will learn about trading strategies, indicators and the importance of managing your emotions \u2013 but that\u2019s about it.<\/p>\n\n\n\n<p>And let me remind you that you shouldn\u2019t rely on your brokerage for those, because of obvious conflicts of interest.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Would you trust a real estate agent to teach you how to negotiate with real estate agents?<\/span><\/div><\/div>\n\n\n\n<p>Unlike Fusion Markets and Pepperstone, <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Eightcap Forex\" href=\"https:\/\/arielle.com.au\/recommends\/eightcap-forex\/\" data-shortcode=\"true\">Eightcap<\/a> doesn\u2019t offer any copy trading features (although some social trading functionality is available through TradingView).<\/p>\n\n\n\n<p>Its selection of 42 forex pairs is also lower.<\/p>\n\n\n\n<p>Also, remember that your demo account will expire after 30 days.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Eightcap Forex\" href=\"https:\/\/arielle.com.au\/recommends\/eightcap-forex\/\" data-shortcode=\"true\">Eightcap<\/a> is a well-established forex broker with competitive trading fees and a reasonably large range of tradeable instruments.<\/p>\n\n\n\n<p>Their decision to include FlashTrade is a nice touch, while their focus on MT4, MT5 and TradingView reminds you that it tilts towards intermediate to advanced users.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>But Eightcap doesn\u2019t abandon beginners altogether.<\/span><\/div><\/div>\n\n\n\n<p>TradingView is an OK entry point, but those who want the most user-friendly introduction to forex trading should consider <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Fusion Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\" data-shortcode=\"true\">Fusion Markets<\/a> or <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Vantage Trading\" href=\"https:\/\/arielle.com.au\/recommends\/vantage-trading\/\" data-shortcode=\"true\">Vantage<\/a> (because of WebTrader).<\/p>\n\n\n\n<p>Raw and Standard accounts suit high-frequency and position traders, respectively. Fees on the Raw account are competitive but nowhere near as good as <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Fusion Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/fusion-markets-forex\/\" data-shortcode=\"true\">Fusion Markets\u2019<\/a>.<\/p>\n\n\n\n<p>Fees on the Standard account, with its 1.0 pip starting spread, are not very competitive at all. If you want to trade commission-free, you\u2019re better off with <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"Pepperstone Forex\" href=\"https:\/\/arielle.com.au\/recommends\/pepperstone-forex\/\" data-shortcode=\"true\">Pepperstone<\/a>.<\/p>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/arielle.com.au\/recommends\/eightcap-forex\/\">Visit Eightcap Now<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Does Eightcap Offer This Feature?<\/th><th class=\"has-text-align-center\" data-align=\"center\">Yes\/No<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>MT4\/5<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>cTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>WebTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>TradingView<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>DupliTrade<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Myfxbook<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>No Commission Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Raw Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Pro Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>GSLOs<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"IC Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/ic-markets-forex\/\" data-shortcode=\"true\">IC Markets<\/a>.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Another good forex trading platform for advanced traders.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/07\/best-forex-brokerages-1024x569.jpg\" alt=\"best forex brokerages\" class=\"wp-image-89437\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/07\/best-forex-brokerages-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/07\/best-forex-brokerages-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/07\/best-forex-brokerages-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/07\/best-forex-brokerages.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Australian-owned <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"IC Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/ic-markets-forex\/\" data-shortcode=\"true\">IC Markets<\/a> is an online forex broker headquartered in Kent St, Sydney. <\/p>\n\n\n\n<p>The company was founded in 2007 and offers trading on a range of assets, including currency pairs, indices, metals, and energies.<\/p>\n\n\n\n<p>They are regulated by ASIC, CySEC, FSA, and SCB.<\/p>\n\n\n\n<p>I don\u2019t recommend IC Markets for a raw beginner.<\/p>\n\n\n\n<p>IC Markets gives you many options, allowing you to optimise for one strategy over another.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>If you set up your account before knowing what you\u2019re doing, you might end up stuck with a fee structure that doesn\u2019t suit your style.<\/span><\/div><\/div>\n\n\n\n<p>For example, you could avail of IC Markets raw spreads \u2013 zero pips!<\/p>\n\n\n\n<p>Of course, they must keep the lights on somehow, so their raw spread accounts charge commission. A standard account will have spreads but no commission.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>But<\/strong> things get even more interesting when you compare the raw spread accounts.<\/li><li><strong>Your<\/strong> choice of trading platform, MetaTrader or cTrader, will affect the size of the commission.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>I don\u2019t know why IC Markets chose to make the commission on cTrader accounts 50 cents cheaper than on MetaTrader, but they have. <\/p>\n\n\n\n<p>Currently, commissions on their Metatrader accounts are $3.50, and just $3 on cTrader.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Before committing to IC Markets, think about your go-to strategies, tools and styles \u2013 it will help you choose the best account for your forex trading style.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<p>Physical presence in Australia. Noice mate.<\/p>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"IC Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/ic-markets-forex\/\" data-shortcode=\"true\">IC Markets<\/a> boast that they have over 25 global liquidity providers, which allows them to consistently offer tight spreads. It\u2019s hard to argue with them when they\u2019re literally offering 0 pip spreads.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>IC Markets allows scalping, while many other forex brokers don\u2019t.<\/span><\/div><\/div>\n\n\n\n<p> If this is your preferred strategy, I recommend IC Markets.<\/p>\n\n\n\n<p>They offer 61 forex pairs, which is more than enough for most people. It might actually be too much, as the sheer number of pairs can be overwhelming.<\/p>\n\n\n\n<p>Fast execution speeds minimise slippage.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>IC<\/strong> <strong>Markets<\/strong> is one of the most customisable brokers listed here.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>If you have very specific needs, they might be the best option for you.<\/p>\n\n\n\n<p>IC Markets offers forex market accessibility through 3 primary types of trading platforms:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>MetaTrader 4.<\/strong><\/li><li><strong>MetaTrader 5.<\/strong><\/li><li><strong>cTrader.<\/strong><\/li><\/ul><\/div><\/div>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"IC Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/ic-markets-forex\/\" data-shortcode=\"true\">IC Markets<\/a>, like Pepperstone, which I will review shortly, caters to different types of forex traders by offering Raw Spread and Standard accounts. <\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<p>While IC Markets lets you trade in various markets, they\u2019re all CFDs. If you want to purchase the underlying asset, you\u2019ll need to go elsewhere.<\/p>\n\n\n\n<p>The user interface could be simpler and more intuitive. There\u2019s something decidedly \u201clast decade\u201d about its design. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Pepperstone offers much better UX.<\/span><\/div><\/div>\n\n\n\n<p>Raw spreads sound great the first time you hear about them. But unless you\u2019re trading big money, it\u2019s probably better to stick with a standard account.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>IC Markets is so customisable that it\u2019s easy to feel overwhelmed.<\/span><\/div><\/div>\n\n\n\n<p>You must think carefully about what kind of trader you are and what account would suit your style.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p>Scalpers and technical forex traders will find <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"IC Markets Forex\" href=\"https:\/\/arielle.com.au\/recommends\/ic-markets-forex\/\" data-shortcode=\"true\">IC Markets<\/a> an excellent choice for its straightforward pricing, global name recognition and fast execution speeds.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Beginner traders might find IC Markets a bit much. <\/span><\/div><\/div>\n\n\n\n<p>But they\u2019re certainly a forex broker to consider when transitioning to more advanced or technical strategies.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Competitive<\/strong> spreads.<\/li><li><strong>Extremely low<\/strong> forex fee.<\/li><li><strong>A wide range of markets<\/strong> available to trade.<\/li><li><strong>Physical office<\/strong> in Australia.<\/li><li><strong>Advanced trading tools<\/strong>.<\/li><li><strong>Leverage<\/strong> of up to 1:500.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"AvaTrade Forex\" href=\"https:\/\/arielle.com.au\/recommends\/avatrade-forex\/\" data-shortcode=\"true\">AvaTrade<\/a>.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Good for beginner forex traders.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/forex-trading-platform-1024x569.jpg\" alt=\"\" class=\"wp-image-124693\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/forex-trading-platform-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/forex-trading-platform-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/forex-trading-platform-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2023\/01\/forex-trading-platform.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"AvaTrade Forex\" href=\"https:\/\/arielle.com.au\/recommends\/avatrade-forex\/\" data-shortcode=\"true\">AvaTrade<\/a> is regulated by three tier-1 and three tier-2 jurisdictions. In Australia, AvaTrade is regulated by ASIC.<\/p>\n\n\n\n<p>AvaTrade has won heaps of industry awards, too many to list, in fact. <\/p>\n\n\n\n<p>The most relevant to forex traders are their awards for Most Trusted Platform in Europe, Best Mobile Trading Platform, Best Overall Broker, and Best Fixed Spread Broker.<\/p>\n\n\n\n<p>And that\u2019s just 2022!<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Of course, as anyone who still watches the MTV Music Awards will tell you, industry awards should always be taken with a grain of salt.<\/span><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"AvaTrade Forex\" href=\"https:\/\/arielle.com.au\/recommends\/avatrade-forex\/\" data-shortcode=\"true\">AvaTrade<\/a> lets you trade CFDs in several different markets, including bonds, stocks, commodities, and crypto. CFDs are great because you can use leverage (<a href=\"https:\/\/arielle.com.au\/best-cfd-trading-platform-australia\/\">deeper analysis of Australian CFD brokers<\/a>).<\/p>\n\n\n\n<p>And leverage is what makes AvaTrade special\u2026<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Remember how I said leverage was capped at 30:1 in Australia? Well, it\u2019s a little more complicated than that. Some brokers, like AvaTrade, allow you to create an off-shore account with up to 400:1 leverage.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Is this safe?<\/p>\n\n\n\n<p>Be aware that what you gain in leverage, you lose in consumer protection. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>AvaTrade\u2019s high-leverage accounts are regulated by the British Virgin Islands.<\/span><\/div><\/div>\n\n\n\n<p>If something goes wrong, you would not have the same legal recourse as if you were using the Australian-regulated branch of AvaTrade.<\/p>\n\n\n\n<p>Users I spoke to complained that you\u2019d need a separate email account to switch from the on-shore to the off-shore branch of AvaTrade, or vice-versa.<\/p>\n\n\n\n<p>AvaTrade\u2019s educational resources will suit some people more than others. Instead of a curriculum that walks you from beginner to expert, AvaTrade\u2019s educational resources are arranged by topic.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>This is good for people who learn by doing and are happy to start immediately.<\/span><\/div><\/div>\n\n\n\n<p>Luckily, AvaTrade has the supporting infrastructure for just this type of learner. They offer a demo account with $100,000 virtual money, so you can test out the platform before committing any real funds.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>I can\u2019t stress<\/strong> <strong>enough<\/strong> how valuable a learning tool this is. <\/li><\/ul><\/div><\/div>\n\n\n\n<p>$100K in virtual money will teach you a lot more than $100 in real money. If you\u2019re serious about trading, spend six months just trading paper and see how you get on.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>AvaTrade allows copy trading.<\/span><\/div><\/div>\n\n\n\n<p>This is a huge advantage for anyone starting out, as it allows you to copy other successful traders.<\/p>\n\n\n\n<p><strong>(Related: <a href=\"https:\/\/arielle.com.au\/best-share-trading-platform-australia\/\">14 Best Share Trading Platforms In Australia<\/a>).<\/strong><\/p>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"AvaTrade Forex\" href=\"https:\/\/arielle.com.au\/recommends\/avatrade-forex\/\" data-shortcode=\"true\">AvaTrade<\/a>, the brokerage, lets you choose which trading platform you want to use. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>You can use their in-house platform or MetaTrader.<\/span><\/div><\/div>\n\n\n\n<p>This is good news for people who are used to their preferred platform and don\u2019t want to change \u2013 even if they do want to change their broker.<\/p>\n\n\n\n<p>Their award-winning mobile app, AvaTradeGO, allows you to trade on the go.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">AvaTrade even lets you dip your toe in the options world with Vanilla Options. Vanilla Options are less complex than Exotic Options, but still give you a tremendous amount of control over your investment.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<p><a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"AvaTrade Forex\" href=\"https:\/\/arielle.com.au\/recommends\/avatrade-forex\/\" data-shortcode=\"true\">AvaTrade\u2019s<\/a> spreads are nothing special; they don\u2019t deviate significantly from the industry average. For major pairs, expect the spread to be just under 1 pip.<\/p>\n\n\n\n<p>I don\u2019t like that AvaTrade only lets you trade CFDs. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>It would be nice to trade the underlying asset when entering markets other than forex.<\/span><\/div><\/div>\n\n\n\n<p>While 400:1 leverage sounds great, it does involve taking on additional risk. <\/p>\n\n\n\n<p>I&#8217;d be very wary of losing the consumer protections afforded to us under Australian law. I&#8217;d recommend AvaTrade\u2019s onshore account for most people.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>AvaTrade\u2019s<\/strong> website has almost too much information on it.<\/li><li><strong>I<\/strong> found it very hard to pin down exactly what their fees were.<\/li><li><strong>This<\/strong> lack of transparency isn\u2019t ideal.<\/li><\/ul><\/div><\/div>\n\n\n\n<p><em>For example,<\/em> it took quite a bit of digging to discover that they have two separate inactivity fees. The first is after 3 months of inactivity and will cost $50. At 12 months of inactivity, they levy a $100 \u2018Administration Fee.\u2019<\/p>\n\n\n\n<p>It\u2019s not clear from the website if a year of inactivity will cost you $300($50*4 + $100) or less.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">This example aside, AvaTrade does appear to have low fees. And inactivity fees are easy to avoid. I&#8217;d just like it to be laid out a little clearer.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall<\/strong>.<\/h3>\n\n\n\n<p>I like <a class=\"thirstylink\" rel=\"nofollow noindex\" target=\"_blank\" title=\"AvaTrade Forex\" href=\"https:\/\/arielle.com.au\/recommends\/avatrade-forex\/\" data-shortcode=\"true\">AvaTrade<\/a> for its simplicity and ease of use. It\u2019s one of the best forex brokers for beginner forex traders to learn their trade. <\/p>\n\n\n\n<p>At the same time, more advanced traders can avail themselves of their high-leverage offshore accounts.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Choice of 5<\/strong> trading platforms.<\/li><li><strong>Physical office<\/strong> in Australia.<\/li><li><strong>Free demo<\/strong> account.<\/li><li><strong>Extensive list<\/strong> of 3rd party integrations.<\/li><li><strong>No inactivity fees<\/strong>.<\/li><li><strong>Comprehensive support<\/strong> for beginner traders.<\/li><li><strong>Excellent fees<\/strong> and trading conditions.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>7. Axi.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Another decent low-cost forex platform.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/axi-forex-trading-platform-1024x569.jpg\" alt=\"\" class=\"wp-image-100870\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/axi-forex-trading-platform-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/axi-forex-trading-platform-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/axi-forex-trading-platform-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/axi-forex-trading-platform.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Axi is a fully online platform based in Australia. As a low-cost brokerage, it\u2019s a good choice for people just dipping their toe in forex trading.<\/p>\n\n\n\n<p>But you get what you pay for in terms of limited trading options, no weekend customer service, and an interface that lags behind some of its competitors.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Low cost <\/strong>\u2013 no minimum deposit, no commission, relatively tight spreads.<\/li><li><strong>Fast execution<\/strong> \u2013\u00a0 most of the investment in Axi is behind the scenes. Their high-speed execution infrastructure minimises slippage.<\/li><li><strong>Axi\u2019s in-house interface is powered by Metatracker<\/strong>, so it should feel familiar to most experienced traders.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>You can only trade<\/strong> CFDs.<\/li><li><strong>Outdated research tools<\/strong> \u2013 while they\u2019re certainly workable, there are newer and more advanced options out there.<\/li><li><strong>24\/5 customer service<\/strong> \u2013 if you\u2019re not a full-time trader, it\u2019s helpful to have customer service open on the weekend.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p>Axi doesn\u2019t have all the bells and whistles of other forex brokers I&#8217;ve reviewed here. It\u2019s a low-cost platform with limited options.<\/p>\n\n\n\n<p>No law says you have to do all your trading on one platform, so why not take advantage of Axi\u2019s low rates for forex trading? You can manage the rest of your portfolio somewhere else.<\/p>\n\n\n\n<div style=\"height:54px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8. Markets.com.<\/strong><\/h2>\n\n\n\n<p><strong>Another good all-round trading platform<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-brokers-australia-1024x569.jpg\" alt=\"\" class=\"wp-image-100872\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-brokers-australia-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-brokers-australia-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-brokers-australia-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-brokers-australia.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Markets.com has a reputation for being expensive, which isn\u2019t entirely fair. At the time of writing, the average spread on major pairs is between .5 and 1 pips.<\/p>\n\n\n\n<p>The spreads are even better if you register for a premium MarketsX account.<\/p>\n\n\n\n<p>Considering that the only requirement to access this membership tier is a $250 deposit, I feel the premium fees are a more accurate indicator of the overall experience.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>MetaTrader 4 and 5<\/strong> integration.<\/li><li><strong>Quick and easy to set up<\/strong>. You can get cleared for trading that same day.<\/li><li><strong>The interface looks great<\/strong> and is relatively easy to use.<\/li><li><strong>No withdrawal fees or commissions<\/strong> on CFDs.<\/li><li><strong>Fast registration<\/strong> and account management.<\/li><li><strong>Good learning and research infrastructure<\/strong> \u2013 for example, there are over 90 indicators available for technical analysis.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>A $10 per month inactivity<\/strong> fee starts after 3 months.<\/li><li><strong>Trading limited<\/strong> to forex and CFDs.<\/li><li><strong>Web and mobile platforms lack<\/strong> some features.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p>Markets.com is an easy platform to use. You can start trading almost immediately, and there are lots of useful research tools to explore.<\/p>\n\n\n\n<p>MetaTrader integration is an obvious plus, and I like that you can trade commission-free. On the flip side, there are more competitive spreads out there.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>No withdrawal fees<\/strong> or commissions.<\/li><li><strong>Uncompetitive<\/strong> spreads.<\/li><li><strong>Metatrader<\/strong> integration.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>9. ACY Securities.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Good all-round forex platform for beginners.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/best-low-cost-forex-brokerage-australia-1024x569.jpg\" alt=\"\" class=\"wp-image-100873\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/best-low-cost-forex-brokerage-australia-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/best-low-cost-forex-brokerage-australia-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/best-low-cost-forex-brokerage-australia-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/best-low-cost-forex-brokerage-australia.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>ACY Securities is only authorised by a single tier-1 regulator, the ASIC. This doesn\u2019t sound as prestigious as some other brokers on our list, but for Australians, it\u2019s the only one you need.<\/p>\n\n\n\n<p>I bring it up because ACY Securities seems to actively discourage users outside of Australia by charging them higher-than-average rates.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Again, not a problem for most of our readers \u2013 but it is something you may consider if you\u2019re planning to live or work abroad.<\/span><\/div><\/div>\n\n\n\n<p>The platform offers three account types, with better rates for higher deposits. Users can further lower their costs by attaining active trader status.<\/p>\n\n\n\n<p>ACY Securities offers three account types, with better rates for higher deposits.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">All three account types offer significant 500:1 leverage, made possible through ACY Securities being regulated in Vanuatu.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Enter the winner&#8217;s circle; one thing that makes ACY stand out is its year-long trading competition. The Trading Cup Contest allows users to win up to half a million dollars! Not bad work if you can get it.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Clearly laid out<\/strong> membership tiers, with competitive spreads on the highest tier.<\/li><li><strong>Bonuses are available<\/strong> for top performers.<\/li><li><strong>Active traders can reduce commissions<\/strong> by as much as 0.5 pips per lot.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Metatrader only broker<\/strong>. This could be a problem for Apple users as Metatrader is currently suspended from the App Store.<\/li><li><strong>Educational materials are hard<\/strong> to navigate.<\/li><li><strong>Expensive<\/strong> for users outside of Australia.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p>ACY Securities is a good option for experienced traders who are based in Australia. <\/p>\n\n\n\n<p>I wouldn\u2019t recommend them for beginners or small traders, as there are more cost-effective alternatives for people in those categories.<\/p>\n\n\n\n<div style=\"height:41px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>10. FP Markets.<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Yet another Australian forex trading platform.<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-trading-1024x569.jpg\" alt=\"\" class=\"wp-image-100874\" srcset=\"https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-trading-1024x569.jpg 1024w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-trading-300x167.jpg 300w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-trading-768x427.jpg 768w, https:\/\/arielle.com.au\/wp-content\/uploads\/2024\/03\/forex-trading.jpg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>FP Markets is an Australian CFD and forex broker regulated by the top-tier ASIC.<\/p>\n\n\n\n<p>They give you a choice between raw pips and zero commission. A raw pips account starts with a commission of $3 per side, while the commission-free option starts with a spread of 1 pip.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>\u00a0It\u2019s not the most impressive offer on our list.<\/span><\/div><\/div>\n\n\n\n<p>For Forex traders, the commission is $3 per lot with an average spread of 0.9 pips. There is no inactivity fee, which is useful if you\u2019re not a full-time trader.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Quick<\/strong> setup.<\/li><li><strong>Low<\/strong> fees.<\/li><li><strong>Standalone<\/strong> app.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>International<\/strong> withdrawal fees.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Overall.<\/strong><\/h3>\n\n\n\n<p>FP Markets is nothing special. They don\u2019t offer the best price, the most options, or the most powerful tools. They\u2019re a good all-rounder, but nothing to write home about.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>MetaTrader 4 and 5<\/strong> integration.<\/li><li><strong>Zero pip or commission-free<\/strong> trading.<\/li><li><strong>Uncompetitive<\/strong> pricing.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Australian Forex Broker Feature Comparison.<\/strong><\/h2>\n\n\n\n<p>Here&#8217;s what you can expect from the top brokers on this list, at a glance.<\/p>\n\n\n\n<div style=\"height:16px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Feature<\/th><th class=\"has-text-align-center\" data-align=\"center\">Fusion Markets<\/th><th class=\"has-text-align-center\" data-align=\"center\">Pepperstone<\/th><th class=\"has-text-align-center\" data-align=\"center\">Vantage<\/th><th class=\"has-text-align-center\" data-align=\"center\">Eightcap<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>MT4\/5<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>cTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>WebTrader<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>TradingView<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>DupliTrade<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Myfxbook<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>No Commission Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Raw Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Pro Account<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>GSLOs<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><td class=\"has-text-align-center\" data-align=\"center\">No<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Regulated By ASIC<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><td class=\"has-text-align-center\" data-align=\"center\">Yes<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Average Spread (EUR\/GBP, Q1 2025)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">0.24<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.2<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.26<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.1<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Average Spread (GBP\/USD, Q1 2025)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">0.17<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.2<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.14<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Pros And Cons Of Zero-Commission Forex Brokers.<\/strong><\/h2>\n\n\n\n<p>Zero-commission brokers are for beginners. Why?<\/p>\n\n\n\n<p>Because most forex brokers give you either:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>No<\/strong> commissions and high spreads, or<\/li><li><strong>Low<\/strong> spreads and high commissions.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Every time you place a trade, your forex broker will take a cut that\u2019s a set number for each lot size. That\u2019s the commission.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>The spread, meanwhile, is the difference between the bid and the ask price of the instrument.<\/span><\/div><\/div>\n\n\n\n<p>Your recipe for success involves finding a broker that allows you to get your trade through the spread as well as having a commission that\u2019s low enough for you to still be in profit.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>I usually look for brokers that have low commissions and low spreads.<\/span><\/div><\/div>\n\n\n\n<p>Zero-commission brokerages usually stick it to you excessively on the spreads.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Some brokers really suck, with ridiculous spreads of 3 pips, which means the price would need to move by 3 pips for you to be at zero on your trade. This is ridiculous because a move of 3 pips is not small.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Signs That You&#8217;re A Beginner Forex Trader.<\/strong><\/h2>\n\n\n\n<p>Beginner traders take the directional \u201cday trading\u201d approach to market. They think in short time frames, measuring everything in 1-minute, 5-minute, 4-hour or daily increments.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>They often take out 3-5 positions. <\/span><\/div><\/div>\n\n\n\n<p>One of them is usually their \u201cfavourite\u201d forex pair, a short on the S&amp;P500 (because their favourite YouTube economist has predicted an economic doomsday again) and their favourite cheap underdog stock (something to do with AI or blockchain).<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>They seek quick returns that potentially don\u2019t exist \u2013 because they don&#8217;t monitor volatility correctly.<\/span><\/div><\/div>\n\n\n\n<p>In contrast, professional traders think in 1-3 month blocks. <\/p>\n\n\n\n<p>They take out multiple long-short positions to build portfolios that profit from the upside potential of certain securities while mitigating the downside of risk. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Each professional portfolio contains 10-20 positions, none greater than 10% of the overall pie.<\/span><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What You Don&#8217;t Know About The AUD\/USD Pair.<\/strong><\/h2>\n\n\n\n<p>The AUD\/USD is one of the world&#8217;s top-traded currency pairs.<\/p>\n\n\n\n<p>Australia adopted a free-floating forex currency system in 1983. This means the Australian dollar exchange rate is set by the demand and supply of Australian dollars on the foreign exchange market.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Today, AUD is one of the most traded currencies <\/strong>globally due to Australia&#8217;s wealth in metals, coal reserves, diamonds, meat production and wool.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Which factors affect this pair?<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. The RBA Official Cash Rate.<\/strong><\/h3>\n\n\n\n<p>Reserve Bank of Australia&#8217;s actions directly affect the AUD\/USD pair.<\/p>\n\n\n\n<p>During 2023, we <a href=\"https:\/\/arielle.com.au\/interest-rate-forecast-australia\/\">saw the cash rate increase by over 4.0%<\/a>. Although we&#8217;ve had three rate cuts in 2025, significant drops are unlikely to begin until late 2026.<\/p>\n\n\n\n<p>Of course, actions of the US Federal Reserve &#8211; aka The Fed &#8211; also play a huge part.<\/p>\n\n\n\n<p>Generally speaking, the interest rate differential between both banks will directly impact the net position of the AUD\/USD pair.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Commodity Prices.<\/strong><\/h3>\n\n\n\n<p>Commodity prices strongly influence Australia&#8217;s currency as the country exports large amounts of coal and iron ore.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Interestingly, this has a knock-on effect on importers. When the Australian Dollar falls against the US Dollar, imports become more expensive for Australian businesses and consumers.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. The Chinese Economy.<\/strong><\/h3>\n\n\n\n<p>As China is Australia&#8217;s largest trading partner, <a href=\"https:\/\/arielle.com.au\/inflation-rate-australia\/\">any changes in the Chinese economy<\/a> will also affect the AUD.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip. <\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">The value of the AUD\/USD pair is quoted as 1 Australian dollar per every X number of U.S. dollars, where X is the current market rate. For example, if the market rate is 0.75, it means that it takes 0.75 U.S dollars to buy 1 single Australian dollar.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:61px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Rapid Comparison Of Top Australian Forex Trading Platforms.<\/strong><\/h2>\n\n\n\n<p>How does my #1 recommended forex trading platform in Australia, Fusion Markets, compare with runners-up? Let&#8217;s find out.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fusion Markets vs Pepperstone.<\/strong><\/h3>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong><strong>Fusion Markets<\/strong> is a low-cost forex broker<\/strong> aimed at beginners, while Pepperstone is a traditional forex broker aimed at experienced traders. They&#8217;re very different platforms for very different users.<\/li><li><strong><strong>Fusion Markets<\/strong> has a much wider range<\/strong> of markets and asset classes.<\/li><li><strong><strong>Fusion Markets<\/strong> offers <\/strong>rock-bottom commissions on any trade, while Pepperstone gets cheaper once you start trading higher volumes (and the 30% discount kicks in).<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fusion Markets vs CommSec.<\/strong><\/h3>\n\n\n\n<p>CommSec comes with the perceived security of being backed by Australia\u2019s biggest bank. <\/p>\n\n\n\n<p>On the flip side, Fusion Markets is one of Australia&#8217;s leading dedicated forex trading platforms. So, not only does Fusion have a strong reputation in its own right \u2013 but they\u2019re also specialists.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong><strong>Fusion Markets<\/strong> has a user-friendly interface<\/strong> and quality customer service. CommSec is frequently criticised for its poor user experience and customer service. No contest here.<\/li><li><strong><strong>Fusion Markets<\/strong> offers very cheap commissions, <\/strong>while Commsec charges a .10% commission per side with Forex and a minimum of $10 per trade.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><strong>Fusion Markets<\/strong> vs AvaTrade<\/strong>.<\/h3>\n\n\n\n<p>AvaTrade\u2019s paper trading option and simple pricing structure make it easier for beginners to get into Forex trading. <strong>Fusion Markets<\/strong> generally offers lower spreads and commissions, though.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong><strong>Fusion Markets<\/strong> and AvaTrade<\/strong> are both easy to use and navigate, so it\u2019s a draw when it comes to usability.<\/li><li><strong><strong>Fusion Markets<\/strong> offers a broader variety<\/strong> of trading options.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How Does Forex Trading Work?<\/strong><\/h2>\n\n\n\n<p>Forex traders aims to profit by trading CFDs of currency pairs.<\/p>\n\n\n\n<p>Forex traders speculate on the future value of one currency against another. They then make trading decisions accordingly.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. CFDs Are Not Assets.<\/strong><\/h3>\n\n\n\n<p>Importantly, forex traders don&#8217;t purchase the underlying asset. Instead, they engage in CFD trading that predicts the direction of price movement through a contract.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Pair Up.<\/strong><\/h3>\n\n\n\n<p>Currencies are always quoted in pairs, such as EUR\/AUD or AUD\/USD.<\/p>\n\n\n\n<p>The first listed currency of a currency pair is called the base currency and the second currency is called the quote currency.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">When you purchase a currency pair from a forex broker, you effectively buy a CFD on the base currency and sell the CFD against the quote currency.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>The code&#8217;s price explains how many units of the quote currency it would take to buy the base currency. For example, a typical quote pair for 2026 is:<\/p>\n\n\n\n<p><em>AUD\/USD = 0.65<\/em><\/p>\n\n\n\n<p>Here, the AUD is the base currency, and USD is the quote currency. In other words, the Australian Dollar is worth 0.65 US Dollars.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">The base currency always equals 1, while the number represents the amount of the quote currency it takes to purchase 1 unit of base currency.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Learn Leverage.<\/strong><\/h3>\n\n\n\n<p>When you trade forex, you only put in a small amount of money compared to the full value of the trade.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Forex brokers refer to this technique as &#8220;leverage&#8221;. Also known as trading on margin, leveraged trading allows you to trade with a small stake in a much larger investment.<\/span><\/div><\/div>\n\n\n\n<p>This is important, as currencies only fluctuate by minute amounts, and in order to make a substantial profit, you must trade large volumes.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Keep in mind that leverage works the other way around. If the exchange rate moves against you, you are held responsible for any losses from the entire value of the trade. Therefore, forex trading is usually better for experienced traders comfortable with taking risks.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How To Choose The Best Forex Trading Platform?<\/strong><\/h2>\n\n\n\n<p>The best forex broking platform for you will depend on your needs and the platform&#8217;s benefits. Start by considering the following:<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Who Are You?<\/strong><\/h3>\n\n\n\n<p>Be honest about your commitment to forex trading and your level of expertise. Ask yourself:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Which currency pairs<\/strong> do I plan to trade?<\/li><li><strong>Do I plan<\/strong> to be a casual or full-time trader?<\/li><li><strong>How much experience<\/strong> do I have?<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Does The Platform Have Essential Features?<\/strong><\/h3>\n\n\n\n<p>Next, evaluate the forex trading platform through the following 7 lenses:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong style=\"color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Does it have advanced trading and analysis tools? <\/strong><span style=\"color: initial; font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Advanced forex trading strategies require access to historical pricing trends, technical indicators and customisable charts.<\/span><\/li><li><strong>Does it have a sufficient selection of currency pairs?<\/strong> Generally, advanced forex traders want a wider selection.<\/li><li><strong>How fast are the execution speeds? <\/strong>Sub 0.1-second speeds are crucial if you don&#8217;t want to face slippage (when prices change before your order goes through).<\/li><li><strong>Can you get a demo account?<\/strong> This will allow you to check whether the trading platform is the best for you in a 100% risk-free environment.<\/li><li><strong>How intuitive is the trading platform&#8217;s interface?<\/strong> If you don&#8217;t like using it, you probably won&#8217;t use it.<\/li><li><strong>Does it offer other asset classes?<\/strong> If you decide to trade stocks and cryptocurrencies in the future, you won&#8217;t have to jump through regulatory hoops twice.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Is It Regulated In Australia?<\/strong><\/h3>\n\n\n\n<p>Ensure that your forex trading platform of choice is regulated by the Australian Securities and Investments Commission (ASIC).<\/p>\n\n\n\n<p>This way, you can have the assurance that the platform is legitimate and your funds are held in a safe ecosystem.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Did You Know?<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">ASIC regulation guarantees Australian retail clients cannot have leverage limits exceeding 1:30.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Does The Trading Platform Offer A Phone App?<\/strong><\/h3>\n\n\n\n<p>The best forex brokers in Australia also offer fully optimised mobile apps for both iOS and Android devices.<\/p>\n\n\n\n<p>To provide the best user experience, trading apps should include all of the features available on the desktop platform, such as placing buy and sell orders, conducting market research, requesting deposits and withdrawals.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5. Does The Platform Offer Top-Notch Customer Service?<\/strong><\/h3>\n\n\n\n<p>Look for a forex broker that offers five-star customer service.<\/p>\n\n\n\n<p>The best forex brokers that earned top spots in this review offer support on at least a 24\/6 basis, which matches activities of the global currency trading market.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip. <\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Live chat with a real person (or at least with a competent bot that can direct you to the right resource) is a big bonus.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Is The Best Time Of Day To Trade Forex?<\/strong><\/h2>\n\n\n\n<p>The foreign exchange market is open 24 hours a day, five days a week (including most holidays). This means that you can trade forex anytime, anywhere.<\/p>\n\n\n\n<p>However, not all times are created equal.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>The most convenient time to trade forex is during the London session or the New York session.<\/span><\/div><\/div>\n\n\n\n<p>These are the times when most international banks and businesses are active in the market, and when there is the most liquidity.<\/p>\n\n\n\n<p>The London session runs from 3 AM to 12 PM GMT, while the New York session runs from 8 AM to 5 PM GMT. It means you&#8217;ll have to stay up pretty late if you live in Australia.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Is The Best Way To Learn Forex Trading?<\/strong><\/h2>\n\n\n\n<p>Be wary of fake gurus. There is no shortage of online gurus happy to sell you their forex trading course. <\/p>\n\n\n\n<p>Question you should ask yourself is: if someone has the skills to make money trading forex online, why would they invest their time into teaching you the same skills?<\/p>\n\n\n\n<p>My second piece of advice for you is:<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Stop trying to learn everything from everyone.<\/span><\/div><\/div>\n\n\n\n<p>Many beginners get lost in a sea of trading forums, e-books and blog posts.<\/p>\n\n\n\n<p>They end up with a patched approach to their trading, characterised by dozens of indicators on their screen and hundreds of currency pairs in their head.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>They endlessly flip through charts, achieving very little.<\/span><\/div><\/div>\n\n\n\n<p>Here&#8217;s how I did this (and again &#8211; this is not investment advice &#8211; only my personal experience):<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>I focused on 5 or 6 major currency pairs. <\/strong>For example, GPB\/USD, USD\/CAD, AUD\/USD, USD\/CHF, EUR\/USD. I find that these pairs have good volatility, good liquidity and tight spreads.<\/li><li><strong>I learned 2-3 trading strategies. <\/strong>This ensures I have consistent opportunities regardless of geopolitics. For me, strategies are like golf clubs &#8211; there&#8217;s no single perfect one, but I carry a few trusted ones and use the right one for the right market conditions.<\/li><li><strong>I watch the bigger picture.<\/strong> If I&#8217;m trading on the 1-hour chart, I remember to periodically zoom out to the 4-hour chart to see which way the market is trending.<\/li><\/ul><\/div><\/div>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">You can find several forex trading courses on learning platforms such as Coursera and Udemy.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How Do I Start Forex Trading In Australia?<\/strong><\/h2>\n\n\n\n<p>The process is quite simple. I suggest you spend less time agonising over your choice of trading platform and more time learning how to trade.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Open A Forex Trading Account.<\/strong><\/h3>\n\n\n\n<p>For beginner traders, the best way to start forex trading in Australia is to set up a micro forex trading account with a low capital requirement.<\/p>\n\n\n\n<p>Such accounts have variable trading limits and allow investors to limit their trades to amounts as low as 1,000 units of a currency.<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>For context, a standard account<\/strong> lot is equal to 100,000 currency units.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Another option for beginner traders is to use a demo account. A demo account simulates live trading conditions and allows you to test your strategies without risking any real capital.<\/p>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Deposit Funds.<\/strong><\/h3>\n\n\n\n<p>Once you have chosen the best forex trading platform for your needs and set up an account, you will need to deposit funds into your account.<\/p>\n\n\n\n<p>Most Australian forex brokers accept deposits via bank transfer, credit\/debit card, or e-wallet.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip. <\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Avoid bank wires without Osko, as the funds take 2-3 days to arrive.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:55px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Search And Trade Currency Pairs.<\/strong><\/h3>\n\n\n\n<p>Once your account is funded, you can start searching for forex pairs (as well as indices, commodities, shares, and ETFs).<\/p>\n\n\n\n<p>Don&#8217;t be haphazard in your approach. Use resources on the Internet to find a trading strategy that appeals to you and stick to it. As a general guide:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Place a \u2018buy\u2019 order<\/strong> if you think the value of the currency pair will rise.<\/li><li><strong>Place a \u2018sell\u2019 order<\/strong> if you think the value of the currency pair will fall.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>90% Of Australian Forex Traders Don&#8217;t Know This.<\/strong><\/h2>\n\n\n\n<p>Most people overlook the basics. <\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why Do Forex Trading Platforms Charge Inactivity Fees?<\/strong><\/h3>\n\n\n\n<p>Dormant accounts are a massive problem in the brokerage industry.<\/p>\n\n\n\n<p>Would-be traders go to trading seminars, get convinced to open a trading account, deposit a couple of thousand dollars but never build up the confidence to pull the trigger.<\/p>\n\n\n\n<p>Some trading platforms charge inactivity fees as a disincentive for leaving your trading account dormant. <\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Contrary to popular opinion, they care little about this small charge (usually $10\/month). They\u2019re trying to make you trade, as this is how they make real money.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fundamental vs Technical Analysis: Which Is More Important For Forex Traders?<\/strong><\/h3>\n\n\n\n<p>I&#8217;m no expert, but my observations from participating in forex investing Facebook groups are as follows:<\/p>\n\n\n\n<p>Professional traders focus on fundamental trading 80% of the time and 20% on technical. <\/p>\n\n\n\n<p>Meanwhile, beginner retail traders do the opposite. <\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>When I was starting out, I definitely overvalued the importance of looking at candlestick charts and undervalued the need to understand economic data that predicts forex price movements.<\/span><\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What Are GSLOs?<\/strong><\/h3>\n\n\n\n<p>GSLOs are not offered by all forex brokerages. These give you 100% certainty that you\u2019ll be closed out of a trade at an exact price specified by you, regardless of market volatility.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Think of GSLOs as another risk instrument tool in your forex trading toolkit, alongside trailing stop losses and stop-loss orders. You can only place GSLOs during trading hours.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Is Copy Trading Good For Beginners?<\/strong><\/h3>\n\n\n\n<p>Yes and no. It&#8217;s a time saver, but it doesn&#8217;t teach you much about the fundamentals of trading.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Should I Start With A Demo Account?<\/strong><\/h3>\n\n\n\n<p>Yes. It\u2019s the only reliable way to see what the real spreads are. This is particularly important when the brokerage offers variable spreads. <\/p>\n\n\n\n<p>But keep in mind that you don&#8217;t learn much about risk management until you open a real position with real money.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What Do I Need To Open A Forex Trading Account?<\/strong><\/h3>\n\n\n\n<p>Applying for a forex trading account is generally a quick and easy process that can be completed entirely online.<\/p>\n\n\n\n<p>Most forex brokers will have an online application form that you&#8217;ll need to fill out, after which you should hear back from them regarding the status of your application.<\/p>\n\n\n\n<p>Have the following details and documents ready to help prove your identity:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Your name<\/strong>.<\/li><li><strong>Date of birth<\/strong>.<\/li><li><strong>Address<\/strong> (utility bill will do it)<\/li><li>Proof of ID (e.g., driver&#8217;s license, passport).<\/li><\/ul><\/div><\/div>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Expert Tip. <\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Some forex brokers will ask you to upload a photograph that shows your face and a piece of paper with a keyword and\/or current date. This helps keep the platform free from fraudulent accounts.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Does ASIC Regulate Forex Trading Platforms In Australia?<\/strong><\/h3>\n\n\n\n<p>All retail forex trading platforms in Australia must hold an Australian financial services (AFS) license. ASIC, the main regulator of forex brokers in Australia, issues the license.<\/p>\n\n\n\n<p>ASIC requires all forex brokers to meet certain standards, including:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Segregation of client funds<\/strong>: Client funds must be kept separate from company funds.<\/li><li><strong>Negative balance protection<\/strong>: Clients cannot lose more than their initial deposit.<\/li><li><strong>Financial stability<\/strong>: ASIC requires forex brokers to maintain a certain level of financial stability.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>In addition, ASIC has a number of rules in place to protect investors, including the following:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Leverage limits:<\/strong> The maximum amount of leverage that a forex broker can offer is 1:30.<\/li><li><strong>Margin call level:<\/strong> ASIC requires forex brokers to issue a margin call when the account balance falls below 50% of the required margin.<\/li><li><strong>Stop out level:<\/strong> A stop out occurs when the account balance falls below 20% of the required margin. At this point, the broker will close all open positions.<\/li><\/ul><\/div><\/div>\n\n\n\n<div style=\"height:61px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Which Forex Trading Platform In Australia Is Best For Beginners?<\/strong><\/h3>\n\n\n\n<p>This is a difficult question to answer in one sentence. I suggest you read the entire review above to understand the pros and cons of each platform.<\/p>\n\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Which Australian Forex Broker Gives The Highest Leverage?<\/strong><\/h3>\n\n\n\n<p>Gone are the days when you could get 500:1 leverage in Australia. As of the 29th of March 2021, the ASIC has capped leverage at 30:1.<\/p>\n\n\n\n<p>Most platforms offer leverage of 30:1, the limit to what they\u2019re legally allowed.<\/p>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Keep in mind that higher leverage means higher risk. Only use as much leverage as you&#8217;re comfortable with.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Institutional vs Retail Forex Brokers: Which Are Best?<\/strong><\/h3>\n\n\n\n<p>Traditionally, institutional traders would buy and sell currencies on behalf of large hedge funds, pension funds, banks and businesses while retail traders would do the same for individuals.<\/p>\n\n\n\n<p>Institutional investors generally have greater sums of capital at their disposal, which gives them access to the best forex trading platforms with:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Greatest<\/strong> <strong>diversification<\/strong> capacity.<\/li><li><strong>Reduced<\/strong> <strong>costs<\/strong> per trade.<\/li><li><strong>Advanced<\/strong> <strong>market<\/strong> analysis and research.<\/li><li><strong>Fastest<\/strong> <strong>execution<\/strong> times.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>That said, online forex trading platforms have blurred the lines between institutional and retail investors in recent years.<\/p>\n\n\n\n<p>For instance, all individual Australian traders have access to derivative products such as Contracts for Difference (CFDs).<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Does CommSec Offer Forex?<\/strong><\/h3>\n\n\n\n<p>Yes. Commonwealth Securities Limited (CommSec) is a securities trading platform provided by the Commonwealth Bank of Australia.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Established in 1995, it is the country&#8217;s largest platform, with over 55% of investors using it to invest their money.<\/span><\/div><\/div>\n\n\n\n<p>Despite impressive credentials and popularity, CommSec ranked as 3rd best forex broker in Australia because of the 0.6% foreign exchange fee on transfers from the Australian Dollar into other currencies.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Can I Trade Forex With $100?<\/strong><\/h3>\n\n\n\n<p>Yes, but experts like Warren Buffet say probably shouldn&#8217;t.<\/p>\n\n\n\n<p>While some forex brokers accept deposits as low as $100, the lack of leverage increases your chances of losing as much as 88% of your investment.<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Can I Trade Forex In Australia Without A Forex Broker?<\/strong><\/h3>\n\n\n\n<p>No, you cannot trade forex without an ASIC-regulated broker in Australia.<\/p>\n\n\n\n<p>All Australian forex brokers must have an Australian Financial Services licence in order to act as an intermediary that buys and sells currency pairs on your behalf.<\/p>\n\n\n\n<div style=\"height:59px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Should I Trade Forex Only?<\/strong><\/h3>\n\n\n\n<p>I can&#8217;t give you investment advice. <\/p>\n\n\n\n<p>But anecdotally, I can say that when I started trading, I realised that limiting myself to one asset class (and sometimes one time horizon &#8211; e.g., day trading) &#8211; was probably a mistake.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Is This Why Most Forex Trading Platforms Offer CFDs?<\/strong><\/h3>\n\n\n\n<p>Yes. Traders live and die on volatility, and it has been crushed in forex markets during the last 10 years.<\/p>\n\n\n\n<p>There are some exceptions, like USD\/JPY, but the low volatility on major currency pairs makes forex good to learn on, but difficult to make lots of money on when day trading.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Historically, the volatility in equities, indices and crypto is approximately twice as high.<\/span><\/div><\/div>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Important!<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">Most professional traders split up their positioning, with half of their exposure to equities and the rest split evenly across commodities, crypto and forex, keeping some cash in reserve to take advantage of very short-term opportunities.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div style=\"height:61px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What Are The Risks Of Forex Trading?<\/strong><\/h3>\n\n\n\n<p>Without risk, there are no profits. Your ability to price and tolerate risks will determine your success in the forex trading game.<\/p>\n\n\n\n<p>Here are 3 main forex trading risks that you should consider before signing up to a forex trading platform:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Exposure<\/strong>. Even though you front up a small percentage of the trade value upfront, you are still responsible for the entire amount. Small price fluctuations can result in margin calls, which require you to pay an additional margin. During volatile market conditions, aggressive use of leverage can lead to substantial exposure, where your losses exceed initial investments.<\/li><li><strong>Rapid fluctuations<\/strong>. The forex market is volatile &#8211; and currencies can move up or down a lot in a short space of time.<\/li><li><strong>Trading costs<\/strong>. Forex trading incurs transaction costs, including spreads (the difference between the bid and ask price of a currency pair) and commissions. These costs eat into your profits.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>To sum up, there&#8217;s no such thing as the best forex trading platform. Different platforms are best for different types of users:<\/p>\n\n\n\n<div class=\"arrow-wrapper\"><div class=\"arrow-list\"><ul><li><strong>Fusion Markets<\/strong> &#8211; Best for low cost and best overall.<\/li><li><strong>Pepperstone<\/strong> &#8211; Best for active traders.<\/li><li><strong>Eightcap<\/strong> &#8211; Best all-rounder.<\/li><\/ul><\/div><\/div>\n\n\n\n<p>Remember that forex trading is most effective when you think of it as a long-term strategy. It&#8217;s not a path to overnight success.<\/p>\n\n\n\n<div class=\"indent-wrapper\"><div class=\"indented-text\"><span>Most Australians who dabble in forex trading lose money.<\/span><\/div><\/div>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-create-block-tip-block tip-wrapper\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"card-wrapper\"><div class=\"card-title\"><div class=\"icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M7.5 14.33a5 5 0 1 1 5 0v4.17h-5v-4.17Zm4.25-1.3-.75.44V17H9v-3.53l-.75-.44a3.5 3.5 0 1 1 3.5 0Z\" fill=\"#656E83\"><\/path><path d=\"M9.25 1v2h1.5V1h-1.5ZM5.53 4.47l-1.5-1.5-1.06 1.06 1.5 1.5 1.06-1.06ZM15.53 5.53l1.5-1.5-1.06-1.06-1.5 1.5 1.06 1.06ZM1 10.75h2v-1.5H1v1.5ZM17 10.75h2v-1.5h-2v1.5Z\" fill=\"#656E83\"><\/path><\/svg><\/div><h3 placeholder=\"Tip Title Goes Here\">Disclaimer.<\/h3><\/div><div class=\"card-content\"><p placeholder=\"Tip Content Goes Here\">The information presented here is general in nature and does not endorse any investment product, market, provider, or service. It is not intended as financial advice or a recommendation to trade &#8211; or not to trade. Trading futures, shares, ETFs, options, CFDs, and forex involves a high level of risk and may result in significant losses, particularly when leverage is used. Past performance does not guarantee future results. Before trading, consider whether the product is appropriate for your circumstances and seek independent professional advice. Refer to the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) on the provider\u2019s website.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<p>Jody<\/p>\n\n\n\n<div style=\"height:47px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"author":14,"featured_media":76913,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"single-review.php","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_uag_custom_page_level_css":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[267],"class_list":["post-82192","review","type-review","status-publish","format-standard","has-post-thumbnail","hentry","category-money"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>10 Best Forex Trading Platforms In Australia For 2026 [May Update]<\/title>\n<meta name=\"description\" content=\"Starting to dabble in forex trading? You&#039;ll need to open an account with one of the best forex trading platforms in Australia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arielle.com.au\/best-forex-trading-platforms-australia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Best Forex Trading Platforms In Australia For 2026 [May Update]\" \/>\n<meta property=\"og:description\" content=\"Starting to dabble in forex trading? 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