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 CompareForexBrokersAustralia.com comes 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.

About Compare Forex Brokers Australia

Compare Forex Brokers Australia was established with the aim to help Forex Traders increase their probability of trading profitably.

To trade profitability 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.
Brokers have many tricks they can play to take your money if they are unscrupulous.
These tricks include:
* Excessive slipping the execution price of a trade
* Excessive spreads
* Stop loss hunting
* Delayed trade execution
* Not allowing profits to be withdrawn
* Contesting profitable trades

Compare Forex Brokers Australia does its best to mitigate the risks a trader has of getting into a relationship with an unscrupulous broker with a variety of methods including:
* Only considering ASIC regulated brokers.
* Forum research, penalising brokers who have a track record of ripping off traders and rewarding those brokers who traders have great experiences with.
* Quantative analysis, evaluating the quality of a brokers offering considering spreads and execution latency.
* Direct broker comparisons (see our execution comparison videos).

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.

What is BrokerScore and how is it calculated?

The BrokerScore algorithm is a proprietry technology 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.

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.

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!

Top Rated Forex Brokers

BrokerScore Logo Name Spread EURUSD GBPUSD USDJPY AUDUSD Minimum Deposit Broker Type FPA Guilty Verdicts Comments FPA Reviews
102 Royal Forex Trading (RFXT) 0.10000 0.10000 0.10000 0.10000 1 ECN/STP & Market Maker 0 Extremely tight spreads on all pairs Reviews
100.5 Think Forex 0.20000 0.50000 0.50000 0.40000 ECN/STP 0 Reviews
100 Global Prime Forex 0.40000 0.80000 0.60000 0.70000 500 ECN/STP 0 Reviews
97.5 IC Markets 0.10000 0.50000 0.30000 0.40000 200 ECN/STP & STP 0 Tightest spread on EURUSD out of all brokers Reviews
92.5 Rubix FX 0.20000 0.20000 0.20000 0.20000 500 ECN/STP 0 Reviews
82.5 Forex FS 1.90000 1.90000 1.90000 1.90000 100 DMA/STP 0 Reviews
82 FP Markets 1.45000 1.85000 1.50000 1.66000 200 ECN/STP & DMA/STP 0 Reviews
78 Pepperstone 1.00000 1.10000 1.00000 1.10000 200 ECN/STP & DMA/STP 0 Reviews
72 Admiral Markets 1.20000 1.60000 1.20000 1.70000 200 ECN/STP & STP 0 Reviews
BrokerScore Logo Name Spread EURUSD GBPUSD USDJPY AUDUSD Minimum Deposit Broker Type FPA Guilty Verdicts Comments FPA Reviews
69 EightCap 1.60000 2.00000 1.40000 1.50000 100 ECN/STP & STP & Market maker 0 Reviews
64 AxiTrader 1.46000 2.19000 1.69000 1.54000 1 ECN/STP & DMA/STP 0 Reviews
62.5 FXCM Australia 0.30000 0.40000 0.40000 0.40000 50 STP & Market maker 0 Reviews
60 OANDA Australia Pty Ltd 1.20000 1.90000 1.40000 1.30000 0 0 Reviews
60 Go Markets 1.10000 1.60000 1.40000 1.00000 500 0 Reviews
54 XM 1.70000 2.30000 1.80000 1.80000 5 Market maker 0 Reviews
53 CMC Markets 0.70000 0.90000 0.70000 0.70000 1 Market maker 0 Reviews
51 FXOpen 1.90000 5.30000 2.00000 2.00000 1 ECN/STP & Market maker 0 Reviews
50 MEX EXCHANGE 0.50000 0.80000 0.70000 0.70000 200 ECN/STP & STP & Market Maker 1 Reviews
50 IG 0.60000 0.90000 0.70000 0.76000 1 ECN/STP & Market maker 0 Reviews
48 Easy Markets 1.80000 3.00000 2.60000 2.60000 25 Market Maker 0 Reviews
45 SAXO Capital Markets 1.00000 1.40000 1.00000 1.00000 2000 0 Reviews
45 Synergy FX 0.50000 0.80000 0.50000 0.70000 100 ECN/STP 1 Reviews
40.5 Hantec Markets 1.80000 2.00000 2.00000 2.00000 1000 ECN/STP & STP 0 Reviews
BrokerScore Logo Name Spread EURUSD GBPUSD USDJPY AUDUSD Minimum Deposit Broker Type FPA Guilty Verdicts Comments FPA Reviews
25 ForexCT 2.00000 2.00000 2.00000 2.00000 500 Market maker 1 Reviews
25 Rakuten Securities Australia 0.70000 0.70000 0.70000 0.70000 50 ECN/STP & STP Reviews
25 PhillipCapital 0.60000 0.80000 0.60000 0.80000 200 ECN/STP Reviews
20 Direct FX 2.00000 2.00000 2.00000 2.00000 100 ECN/STP & DMA/STP 1 Reviews
19 plus 500 1.00000 1.00000 1.00000 3.00000 1 Market maker 1 Reviews
16 AvaTrade 1.80000 2.90000 1.50000 2.70000 100 Market maker 1 Reviews
15 Vantage FX 1.40000 1.60000 1.50000 1.40000 100 ECN/STP & STP Reviews
15 Velocity Trade 1.10000 1.10000 1.10000 1.10000 1000 DMA/STP Reviews
15 KVB Kunlun 1.30000 1.50000 1.20000 1.70000 1 ECN/STP & STP Reviews
15 Bacera 1.80000 1.80000 1.80000 1.80000 300 ECN/STP Reviews
15 MahiFX 1.60000 1.30000 1.60000 1.00000 1 Market maker, spreads vary wildly Reviews
9 IronFX 1.70000 1.90000 1.70000 2.10000 100 ECN/STP & STP & Market maker Reviews
9 City Index 1.80000 2.50000 1.70000 1.70000 100 Market maker Reviews
9 Blueberry Markets 1.60000 2.00000 1.40000 1.80000 100 ECN/STP & STP Reviews
0 USGFX 2.80000 2.80000 2.80000 2.80000 100 ECN/STP & Market Maker 0 Reviews

Free Forex Trading Books

Book Name Author Preview
Secrets For Profiting In Bull and Bear Markets
Secrets For Profiting In Bull and Bear Markets
Stan Wenstein Book Synopsis Stan Weinstein s Secrets For Profiting in Bull and Bear Markets reveals his successful methods for timing investments to produce consistently profitable results. Topics include: Stan Weinstein s personal philosophy on investing The ideal time to buy Refining the buying process Knowing when to sell Selling Short Using the best long-term indicators to spot Bull and Bear markets Odds, ends, and profits.
Forex Seasonal Patterns
Forex Seasonal Patterns
Cory Mitchell Use seasonality to discover when forex pairs typically rally and fall during the year, as well as to confirm reversals or trends using other methods.
Day Trading and Swing Trading the Currency Market
Day Trading and Swing Trading the Currency Market
Kathy Lien If you are picking up a copy of Day Trading and Swing Trading the Currency Market for the very first time, you will not be disappointed. As a trader first and an analyst second,in this book I focus on what matters most to currency traders. The first edition has been one of the top resources for those looking for a good primer on how the currency markets work—the technical and fundamental drivers as well as actionable trading strategies. There is something for everyone in this book, as it is designed for both the beginner and the advanced trader. In this book, I try to accomplish two major goals:to touch on the basics of the FX market and the currency characteristics that all traders, particularly day traders, need to know, as well as togive you practical strategies to start trading. Day Trading and Swing Trading the Currency Market goes beyond what other currency trading vii P1: JYS fm JWBK299-Lein September 23, 2008 9:43 Printer: Yet to come viii PREFACE books cover and delves into such interesting topics as the top marketmoving indicators for the U.S. dollar and what currency correlations are and how to use them. Here’s a brief road map to whet your appetite on the topics covered in this book.

Try our our FREE expert advisors

CL Market Power by Christopher Low

This indicator displays a histogram of the MACD of Volume multiplied with the MACD of Price. The result is an at time precient level of market predictability.

CLMarketPower MQ4 Indicator

Download the CLMarketPower Indicator Here

Forex Broker Feed Comparison Videos

Videos illustrating the difference between the brokers

Pepperstone Vs Royal (RXFT) EURUSD

Royals and Pepperstones feed on EURUSD is very comparable. Royal being slightly better due to a lower commission.
Both are VERY good.


Pepperstone Vs Royal (RXFT) AUDUSD

Royal's feed for AUDUSD has a much tighter spread than Pepperstone's, and hence you would be far better off trading with Royal on this pair.

Forex Cheat Sheets


A collection of forex themed infographics to help you with your Forex Trading Strategy.



Forex Candlesticks





Forex Chart Patterns





Forex Correlated Currencies





Forex Divergence





Forex Expectations





Forex Fundamentals





Forex Indicators





Forex Pin Bar





Forex Routine





Forex Trading Strategy





Forex Tricolour Wave




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