Compare Forex Brokers Australia

To trade the forex market profitably you need to align all variables in your favor

Its possible to have an amazing entry and exit strategy, great money management and perfect nerves of steel and still lose in the game of forex. Especially if your broker isn't playing fairly. That is where Compare Forex Brokers Australiacomes in to help you sort the wheat from the chaff.

Where is the information presented on this site sourced from?

The information about ASIC regulated forex brokers that is presented on this site comes from a variety of sources. These include the brokers websites themselves, Forex Peace Army and a range of other Forex websites and forums.

ASIC Regulated Forex Brokers By BrokerScore

Disclaimer

The BrokerScore is just an indicator of how good or bad a broker might be based on information gathered from around the web. It is not authorative, rather a calculated approximation. A broker lower down in the list might still be good!

Compare Forex Brokers Australia's - Top Rated Forex Brokers

BrokerScore Open An Account Name Profile Spread EURUSD GBPUSD AUDUSD Minimum Deposit Broker Type FPA Guilty Verdicts Comments FPA Reviews
194 Compare Forex Broker Royal Forex Trading (RFXT) Royal Forex Trading (RFXT) Royal Forex Trading (RFXT) Profile 0.10000 0.10000 0.10000 1 ECN/STP & Market Maker 0 Extremely tight spreads on all pairs Reviews
191 Compare Forex Broker XM XM XM Profile 1.70000 2.30000 1.80000 5 Market maker 0 Reviews
185 Compare Forex Broker Global Prime Forex Global Prime Forex Global Prime Forex Profile 0.40000 0.80000 0.70000 500 ECN/STP 0 Reviews
180.5 Compare Forex Broker Think Forex Think Forex Think Forex Profile 0.20000 0.50000 0.40000 ECN/STP 0 Reviews
167.5 Compare Forex Broker Rubix FX Rubix FX Rubix FX Profile 0.20000 0.20000 0.20000 500 ECN/STP 0 Reviews
142 Compare Forex Broker Admiral Markets Admiral Markets Admiral Markets Profile 1.20000 1.60000 1.70000 200 ECN/STP & STP 0 Reviews
135.5 Compare Forex Broker IC Markets IC Markets IC Markets Profile 0.10000 0.50000 0.40000 200 ECN/STP & STP 0 Tightest spread on EURUSD out of all brokers Reviews
135 Compare Forex Broker FP Markets FP Markets FP Markets Profile 1.45000 1.85000 1.66000 200 ECN/STP & DMA/STP 0 Reviews
128 Compare Forex Broker Pepperstone Pepperstone Pepperstone Profile 1.00000 1.10000 1.10000 200 ECN/STP & DMA/STP 0 Reviews
126.5 Compare Forex Broker Forex FS Forex FS Forex FS Profile 1.90000 1.90000 1.90000 100 DMA/STP 0 Reviews
102 Compare Forex Broker EightCap EightCap EightCap Profile 1.60000 2.00000 1.50000 100 ECN/STP & STP & Market maker 0 Reviews
95 Compare Forex Broker IG IG IG Profile 0.60000 0.90000 0.76000 1 ECN/STP & Market maker 0 Reviews
88 Compare Forex Broker AxiTrader AxiTrader AxiTrader Profile 1.46000 2.19000 1.54000 1 ECN/STP & DMA/STP 0 Reviews
76 Compare Forex Broker Rakuten Securities Australia Rakuten Securities Australia Rakuten Securities Australia Profile 0.70000 0.70000 0.70000 50 ECN/STP & STP Reviews

What is BrokerScore and how is it calculated?

The BrokerScore algorithm is a proprietry technology from Compare Forex Brokers Australia which utilises a broad set of factors to mathematically determine which broker is the best.
These factors are weighted to prioritise the safety of the trader before considering factors affecting a traders chances of profitability and then combined to come up with a final number.

BrokerScore Open An Account Name Profile Spread EURUSD GBPUSD AUDUSD Minimum Deposit Broker Type FPA Guilty Verdicts Comments FPA Reviews
69.5 Compare Forex Broker FXCM Australia FXCM Australia FXCM Australia Profile 0.30000 0.40000 0.40000 50 STP & Market maker 0 Reviews
66 Compare Forex Broker Go Markets Go Markets Go Markets Profile 1.10000 1.60000 1.00000 500 0 Reviews
66 Compare Forex Broker OANDA Australia Pty Ltd OANDA Australia Pty Ltd OANDA Australia Pty Ltd Profile 1.20000 1.90000 1.30000 0 0 Reviews
64 Compare Forex Broker FXOpen FXOpen FXOpen Profile 1.90000 5.30000 2.00000 1 ECN/STP & Market maker 0 Reviews
64 Compare Forex Broker KVB Kunlun KVB Kunlun KVB Kunlun Profile 1.30000 1.50000 1.70000 1 ECN/STP & STP Reviews
63 Compare Forex Broker CMC Markets CMC Markets CMC Markets Profile 0.70000 0.90000 0.70000 1 Market maker 0 Reviews
61 Compare Forex Broker MEX EXCHANGE MEX EXCHANGE MEX EXCHANGE Profile 0.50000 0.80000 0.70000 200 ECN/STP & STP & Market Maker 1 Reviews
61 Compare Forex Broker Easy Markets Easy Markets Easy Markets Profile 1.80000 3.00000 2.60000 25 Market Maker 0 Reviews
57 Compare Forex Broker Synergy FX Synergy FX Synergy FX Profile 0.50000 0.80000 0.70000 100 ECN/STP 1 Reviews
57 Compare Forex Broker SAXO Capital Markets SAXO Capital Markets SAXO Capital Markets Profile 1.00000 1.40000 1.00000 2000 0 Reviews
53.5 Compare Forex Broker Hantec Markets Hantec Markets Hantec Markets Profile 1.80000 2.00000 2.00000 1000 ECN/STP & STP 0 Reviews
37 Compare Forex Broker ForexCT ForexCT ForexCT Profile 2.00000 2.00000 2.00000 500 Market maker 1 Reviews
33 Compare Forex Broker PhillipCapital PhillipCapital PhillipCapital Profile 0.60000 0.80000 0.80000 200 ECN/STP Reviews
33 Compare Forex Broker Direct FX Direct FX Direct FX Profile 2.00000 2.00000 2.00000 100 ECN/STP & DMA/STP 1 Reviews
33 Compare Forex Broker AvaTrade AvaTrade AvaTrade Profile 1.80000 2.90000 2.70000 100 Market maker 1 Reviews

NB the BrokerScore is NOT authoritive, rather it is merely a rough guide. One of the limiting factors of the BrokerScore is the availability of the data it has been calculated from. In many cases the brokers that are lower on the list are there because there just isn't enough review type information about them floating around the web to be able to give them points to add to their score.

The BrokerScore will be revised periodically (yearly) to keep it current.

BrokerScore Open An Account Name Profile Spread EURUSD GBPUSD AUDUSD Minimum Deposit Broker Type FPA Guilty Verdicts Comments FPA Reviews
25 Compare Forex Broker MahiFX MahiFX MahiFX Profile 1.60000 1.30000 1.00000 1 Market maker, spreads vary wildly Reviews
25 Compare Forex Broker Bacera Bacera Bacera Profile 1.80000 1.80000 1.80000 300 ECN/STP Reviews
22 Compare Forex Broker Vantage FX Vantage FX Vantage FX Profile 1.40000 1.60000 1.40000 100 ECN/STP & STP Reviews
22 Compare Forex Broker plus 500 plus 500 plus 500 Profile 1.00000 1.00000 3.00000 1 Market maker 1 Reviews
21 Compare Forex Broker IronFX IronFX IronFX Profile 1.70000 1.90000 2.10000 100 ECN/STP & STP & Market maker Reviews
21 Compare Forex Broker Blueberry Markets Blueberry Markets Blueberry Markets Profile 1.60000 2.00000 1.80000 100 ECN/STP & STP Reviews
20 Compare Forex Broker Velocity Trade Velocity Trade Velocity Trade Profile 1.10000 1.10000 1.10000 1000 DMA/STP Reviews
18 Compare Forex Broker City Index City Index City Index Profile 1.80000 2.50000 1.70000 100 Market maker Reviews
4 Compare Forex Broker USGFX USGFX USGFX Profile 2.80000 2.80000 2.80000 100 ECN/STP & Market Maker 0 Reviews
Compare Forex Brokers Australia - compareforexbrokersaustralia.com 2017 E-mail: communications@compareforexbrokersaustralia.com.au
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