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 Compare Forex Broker Think Forex Think Forex Think Forex Review - Forex Broker Profile 0.20000
Think Forex Spreads
0.50000 0.40000 ECN/STP 0 Reviews
392 Compare Forex Broker Global Prime Forex 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 Compare Forex Broker KVB Kunlun KVB Kunlun KVB Kunlun Review - Forex Broker Profile 1.30000
KVB Kunlun Spreads
1.50000 1.70000 1 ECN/STP & STP Reviews
315 Compare Forex Broker Admiral Markets Admiral Markets Admiral Markets Review - Forex Broker Profile 1.20000
Admiral Markets Spreads
1.60000 1.70000 200 ECN/STP & STP 0 Reviews
301 Compare Forex Broker FP Markets 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 Compare Forex Broker FXCM Australia 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 Compare Forex Broker IC Markets 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 Compare Forex Broker Forex FS Forex FS Forex FS Review - Forex Broker Profile 1.90000
Forex FS Spreads
1.90000 1.90000 100 DMA/STP 0 Reviews
292.5 Compare Forex Broker Rubix FX Rubix FX Rubix FX Review - Forex Broker Profile 0.20000
Rubix FX Spreads
0.20000 0.20000 500 ECN/STP 0 Reviews
289 Compare Forex Broker EightCap EightCap EightCap Review - Forex Broker Profile 1.60000
EightCap Spreads
2.00000 1.50000 100 ECN/STP & STP & Market maker 0 Reviews
285 Compare Forex Broker Pepperstone Pepperstone Pepperstone Review - Forex Broker Profile 1.00000
Pepperstone Spreads
1.10000 1.10000 200 ECN/STP & DMA/STP 0 Reviews
271 Compare Forex Broker Rakuten Securities Australia 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 Compare Forex Broker AxiTrader AxiTrader AxiTrader Review - Forex Broker Profile 1.46000
AxiTrader Spreads
2.19000 1.54000 1 ECN/STP & DMA/STP 0 Reviews
252 Compare Forex Broker Royal Forex Trading (RFXT) 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 Compare Forex Broker Easy Markets Easy Markets Easy Markets Review - Forex Broker Profile 1.80000
Easy Markets Spreads
3.00000 2.60000 25 Market Maker 0 Reviews
216 Compare Forex Broker OANDA Australia Pty Ltd 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 Compare Forex Broker CMC Markets 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 Compare Forex Broker Go Markets Go Markets Go Markets Review - Forex Broker Profile 1.10000
Go Markets Spreads
1.60000 1.00000 500 0 Reviews
184 Compare Forex Broker Synergy FX Synergy FX Synergy FX Review - Forex Broker Profile 0.50000
Synergy FX Spreads
0.80000 0.70000 100 ECN/STP 1 Reviews
175 Compare Forex Broker MEX EXCHANGE 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 Compare Forex Broker SAXO Capital Markets SAXO Capital Markets SAXO Capital Markets Review - Forex Broker Profile 1.00000
SAXO Capital Markets Spreads
1.40000 1.00000 2000 0 Reviews
154 Compare Forex Broker XM XM XM Review - Forex Broker Profile 1.70000
XM Spreads
2.30000 1.80000 5 Market maker 0 Reviews
151 Compare Forex Broker FXOpen FXOpen FXOpen Review - Forex Broker Profile 1.90000
FXOpen Spreads
5.30000 2.00000 1 ECN/STP & Market maker 0 Reviews
150.5 Compare Forex Broker Hantec Markets Hantec Markets Hantec Markets Review - Forex Broker Profile 1.80000
Hantec Markets Spreads
2.00000 2.00000 1000 ECN/STP & STP 0 Reviews
126 Compare Forex Broker ForexCT ForexCT ForexCT Review - Forex Broker Profile 2.00000
ForexCT Spreads
2.00000 2.00000 500 Market maker 1 Reviews
122 Compare Forex Broker Direct FX 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 Compare Forex Broker Bacera Bacera Bacera Review - Forex Broker Profile 1.80000
Bacera Spreads
1.80000 1.80000 300 ECN/STP Reviews
111 Compare Forex Broker PhillipCapital PhillipCapital PhillipCapital Review - Forex Broker Profile 0.60000
PhillipCapital Spreads
0.80000 0.80000 200 ECN/STP Reviews
110 Compare Forex Broker AvaTrade AvaTrade AvaTrade Review - Forex Broker Profile 1.80000
AvaTrade Spreads
2.90000 2.70000 100 Market maker 1 Reviews
107 Compare Forex Broker Vantage FX Vantage FX Vantage FX Review - Forex Broker Profile 1.40000
Vantage FX Spreads
1.60000 1.40000 100 ECN/STP & STP Reviews
103 Compare Forex Broker IronFX 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 Compare Forex Broker MahiFX MahiFX MahiFX Review - Forex Broker Profile 1.60000
MahiFX Spreads
1.30000 1.00000 1 Market maker, spreads vary wildly Reviews
96 Compare Forex Broker Blueberry Markets Blueberry Markets Blueberry Markets Review - Forex Broker Profile 1.60000
Blueberry Markets Spreads
2.00000 1.80000 100 ECN/STP & STP Reviews
93 Compare Forex Broker City Index City Index City Index Review - Forex Broker Profile 1.80000
City Index Spreads
2.50000 1.70000 100 Market maker Reviews
78 Compare Forex Broker Velocity Trade Velocity Trade Velocity Trade Review - Forex Broker Profile 1.10000
Velocity Trade Spreads
1.10000 1.10000 1000 DMA/STP Reviews
54 Compare Forex Broker USGFX USGFX USGFX Review - Forex Broker Profile 2.80000
USGFX Spreads
2.80000 2.80000 100 ECN/STP & Market Maker 0 Reviews
22 Compare Forex Broker plus 500 plus 500 plus 500 Review - Forex Broker Profile 1.00000
plus 500 Spreads
1.00000 3.00000 1 Market maker 1 Reviews
Compare Forex Brokers Australia - compareforexbrokersaustralia.com 2018 E-mail: communications@compareforexbrokersaustralia.com.au
Partners
OzFind Australian Web Directory
Good Forex Brokers
Reputable Forex Brokers
ECN Forex Broker Comparison
Forex Broker Reviews
Best Australian Forex Brokers Forex Brokers
Compare Forex Brokers Rated 5 / 5 based on 65 reviews.