Compare Forex Brokers
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 Australia 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.
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 - Top Rated Forex Brokers
| BrokerScore | Open An Account | Name | Profile | Spread EURUSD | GBPUSD | AUDUSD | Minimum Deposit | Broker Type | FPA Guilty Verdicts | Comments | FPA Reviews |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 400.5 |  |
Think Forex | Think Forex Review - Forex Broker Profile | 0.20000 Think Forex Spreads |
0.50000 | 0.40000 | ECN/STP | 0 | Reviews | ||
| 392 |  |
Global Prime Forex | Global Prime Forex Review - Forex Broker Profile | 0.40000 Global Prime Forex Spreads |
0.80000 | 0.70000 | 500 | ECN/STP | 0 | Reviews | |
| 356 |  |
KVB Kunlun | KVB Kunlun Review - Forex Broker Profile | 1.30000 KVB Kunlun Spreads |
1.50000 | 1.70000 | 1 | ECN/STP & STP | Reviews | ||
| 315 |  |
Admiral Markets | Admiral Markets Review - Forex Broker Profile | 1.20000 Admiral Markets Spreads |
1.60000 | 1.70000 | 200 | ECN/STP & STP | 0 | Reviews | |
| 301 |  |
FP Markets | FP Markets Review - Forex Broker Profile | 1.45000 FP Markets Spreads |
1.85000 | 1.66000 | 200 | ECN/STP & DMA/STP | 0 | Reviews | |
| 297.5 |  |
FXCM Australia | FXCM Australia Review - Forex Broker Profile | 0.30000 FXCM Australia Spreads |
0.40000 | 0.40000 | 50 | STP & Market maker | 0 | Reviews | |
| 294.5 |  |
IC Markets | IC Markets Review - Forex Broker Profile | 0.10000 IC Markets Spreads |
0.50000 | 0.40000 | 200 | ECN/STP & STP | 0 | Tightest spread on EURUSD out of all brokers | Reviews |
| 294.5 |  |
Forex FS | Forex FS Review - Forex Broker Profile | 1.90000 Forex FS Spreads |
1.90000 | 1.90000 | 100 | DMA/STP | 0 | Reviews | |
| 292.5 |  |
Rubix FX | Rubix FX Review - Forex Broker Profile | 0.20000 Rubix FX Spreads |
0.20000 | 0.20000 | 500 | ECN/STP | 0 | Reviews | |
| 289 |  |
EightCap | EightCap Review - Forex Broker Profile | 1.60000 EightCap Spreads |
2.00000 | 1.50000 | 100 | ECN/STP & STP & Market maker | 0 | Reviews | |
| 285 |  |
Pepperstone | Pepperstone Review - Forex Broker Profile | 1.00000 Pepperstone Spreads |
1.10000 | 1.10000 | 200 | ECN/STP & DMA/STP | 0 | Reviews | |
| 271 |  |
Rakuten Securities Australia | Rakuten Securities Australia Review - Forex Broker Profile | 0.70000 Rakuten Securities Australia Spreads |
0.70000 | 0.70000 | 50 | ECN/STP & STP | Reviews | ||
| 262 |  |
AxiTrader | AxiTrader Review - Forex Broker Profile | 1.46000 AxiTrader Spreads |
2.19000 | 1.54000 | 1 | ECN/STP & DMA/STP | 0 | Reviews | |
| 252 |  |
Royal Forex Trading (RFXT) | Royal Forex Trading (RFXT) Review - Forex Broker Profile | 0.10000 Royal Forex Trading (RFXT) Spreads |
0.10000 | 0.10000 | 1 | ECN/STP & Market Maker | 0 | Extremely tight spreads on all pairs | Reviews |
| 244 |  |
Easy Markets | Easy Markets Review - Forex Broker Profile | 1.80000 Easy Markets Spreads |
3.00000 | 2.60000 | 25 | Market Maker | 0 | Reviews | |
| 216 |  |
OANDA Australia Pty Ltd | OANDA Australia Pty Ltd Review - Forex Broker Profile | 1.20000 OANDA Australia Pty Ltd Spreads |
1.90000 | 1.30000 | 0 | 0 | Reviews | ||
| 200 |  |
CMC Markets | CMC Markets Review - Forex Broker Profile | 0.70000 CMC Markets Spreads |
0.90000 | 0.70000 | 1 | Market maker | 0 | Reviews |
What is BrokerScore and how is it calculated?
The BrokerScore algorithm is a proprietry technology from Compare Forex Brokers 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 192 |  |
Go Markets | Go Markets Review - Forex Broker Profile | 1.10000 Go Markets Spreads |
1.60000 | 1.00000 | 500 | 0 | Reviews | ||
| 184 |  |
Synergy FX | Synergy FX Review - Forex Broker Profile | 0.50000 Synergy FX Spreads |
0.80000 | 0.70000 | 100 | ECN/STP | 1 | Reviews | |
| 175 |  |
MEX EXCHANGE | MEX EXCHANGE Review - Forex Broker Profile | 0.50000 MEX EXCHANGE Spreads |
0.80000 | 0.70000 | 200 | ECN/STP & STP & Market Maker | 1 | Reviews | |
| 167 |  |
SAXO Capital Markets | SAXO Capital Markets Review - Forex Broker Profile | 1.00000 SAXO Capital Markets Spreads |
1.40000 | 1.00000 | 2000 | 0 | Reviews | ||
| 154 |  |
XM | XM Review - Forex Broker Profile | 1.70000 XM Spreads |
2.30000 | 1.80000 | 5 | Market maker | 0 | Reviews | |
| 151 |  |
FXOpen | FXOpen Review - Forex Broker Profile | 1.90000 FXOpen Spreads |
5.30000 | 2.00000 | 1 | ECN/STP & Market maker | 0 | Reviews | |
| 150.5 |  |
Hantec Markets | Hantec Markets Review - Forex Broker Profile | 1.80000 Hantec Markets Spreads |
2.00000 | 2.00000 | 1000 | ECN/STP & STP | 0 | Reviews | |
| 126 |  |
ForexCT | ForexCT Review - Forex Broker Profile | 2.00000 ForexCT Spreads |
2.00000 | 2.00000 | 500 | Market maker | 1 | Reviews | |
| 122 |  |
Direct FX | Direct FX Review - Forex Broker Profile | 2.00000 Direct FX Spreads |
2.00000 | 2.00000 | 100 | ECN/STP & DMA/STP | 1 | Reviews | |
| 112 |  |
Bacera | Bacera Review - Forex Broker Profile | 1.80000 Bacera Spreads |
1.80000 | 1.80000 | 300 | ECN/STP | Reviews | ||
| 111 |  |
PhillipCapital | PhillipCapital Review - Forex Broker Profile | 0.60000 PhillipCapital Spreads |
0.80000 | 0.80000 | 200 | ECN/STP | Reviews | ||
| 110 |  |
AvaTrade | AvaTrade Review - Forex Broker Profile | 1.80000 AvaTrade Spreads |
2.90000 | 2.70000 | 100 | Market maker | 1 | Reviews | |
| 107 |  |
Vantage FX | Vantage FX Review - Forex Broker Profile | 1.40000 Vantage FX Spreads |
1.60000 | 1.40000 | 100 | ECN/STP & STP | Reviews | ||
| 103 |  |
IronFX | IronFX Review - Forex Broker Profile | 1.70000 IronFX Spreads |
1.90000 | 2.10000 | 100 | ECN/STP & STP & Market maker | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 98 |  |
MahiFX | MahiFX Review - Forex Broker Profile | 1.60000 MahiFX Spreads |
1.30000 | 1.00000 | 1 | Market maker, spreads vary wildly | Reviews | ||
| 96 |  |
Blueberry Markets | Blueberry Markets Review - Forex Broker Profile | 1.60000 Blueberry Markets Spreads |
2.00000 | 1.80000 | 100 | ECN/STP & STP | Reviews | ||
| 93 |  |
City Index | City Index Review - Forex Broker Profile | 1.80000 City Index Spreads |
2.50000 | 1.70000 | 100 | Market maker | Reviews | ||
| 78 |  |
Velocity Trade | Velocity Trade Review - Forex Broker Profile | 1.10000 Velocity Trade Spreads |
1.10000 | 1.10000 | 1000 | DMA/STP | Reviews | ||
| 54 |  |
USGFX | USGFX Review - Forex Broker Profile | 2.80000 USGFX Spreads |
2.80000 | 2.80000 | 100 | ECN/STP & Market Maker | 0 | Reviews | |
| 22 |  |
plus 500 | plus 500 Review - Forex Broker Profile | 1.00000 plus 500 Spreads |
1.00000 | 3.00000 | 1 | Market maker | 1 | Reviews |