Good Forex Brokers

Below is a list of the best ASIC regulated Forex Brokers, ordered from best descending

You can't go wrong picking a broker from near the top of this list. These are brokers that are highly competitive, regulated and proven to have good levels of service.

Good 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!

Good Forex Brokers

BrokerScore Open An Account Name Profile Spread EURUSD GBPUSD AUDUSD Minimum Deposit Broker Type FPA Guilty Verdicts Comments FPA Reviews
433 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
392 Compare Forex Broker Global Prime Forex Global Prime Forex Global Prime Forex Profile 0.40000 0.80000 0.70000 500 ECN/STP 0 Reviews
367.5 Compare Forex Broker Rubix FX Rubix FX Rubix FX Profile 0.20000 0.20000 0.20000 500 ECN/STP 0 Reviews
359.5 Compare Forex Broker Think Forex Think Forex Think Forex Profile 0.20000 0.50000 0.40000 ECN/STP 0 Reviews
356 Compare Forex Broker KVB Kunlun KVB Kunlun KVB Kunlun Profile 1.30000 1.50000 1.70000 1 ECN/STP & STP Reviews
315 Compare Forex Broker Admiral Markets Admiral Markets Admiral Markets Profile 1.20000 1.60000 1.70000 200 ECN/STP & STP 0 Reviews
301 Compare Forex Broker FP Markets FP Markets FP Markets Profile 1.45000 1.85000 1.66000 200 ECN/STP & DMA/STP 0 Reviews
297.5 Compare Forex Broker FXCM Australia FXCM Australia FXCM Australia Profile 0.30000 0.40000 0.40000 50 STP & Market maker 0 Reviews
294.5 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
294.5 Compare Forex Broker Forex FS Forex FS Forex FS Profile 1.90000 1.90000 1.90000 100 DMA/STP 0 Reviews
289 Compare Forex Broker EightCap EightCap EightCap Profile 1.60000 2.00000 1.50000 100 ECN/STP & STP & Market maker 0 Reviews
285 Compare Forex Broker Pepperstone Pepperstone Pepperstone Profile 1.00000 1.10000 1.10000 200 ECN/STP & DMA/STP 0 Reviews
271 Compare Forex Broker Rakuten Securities Australia Rakuten Securities Australia Rakuten Securities Australia Profile 0.70000 0.70000 0.70000 50 ECN/STP & STP Reviews
262 Compare Forex Broker AxiTrader AxiTrader AxiTrader Profile 1.46000 2.19000 1.54000 1 ECN/STP & DMA/STP 0 Reviews
244 Compare Forex Broker Easy Markets Easy Markets Easy Markets Profile 1.80000 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 Profile 1.20000 1.90000 1.30000 0 0 Reviews
200 Compare Forex Broker CMC Markets CMC Markets CMC Markets Profile 0.70000 0.90000 0.70000 1 Market maker 0 Reviews
192 Compare Forex Broker Go Markets Go Markets Go Markets Profile 1.10000 1.60000 1.00000 500 0 Reviews
184 Compare Forex Broker Synergy FX Synergy FX Synergy FX Profile 0.50000 0.80000 0.70000 100 ECN/STP 1 Reviews
175 Compare Forex Broker MEX EXCHANGE MEX EXCHANGE MEX EXCHANGE Profile 0.50000 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 Profile 1.00000 1.40000 1.00000 2000 0 Reviews
154 Compare Forex Broker XM XM XM Profile 1.70000 2.30000 1.80000 5 Market maker 0 Reviews
151 Compare Forex Broker FXOpen FXOpen FXOpen Profile 1.90000 5.30000 2.00000 1 ECN/STP & Market maker 0 Reviews
150.5 Compare Forex Broker Hantec Markets Hantec Markets Hantec Markets Profile 1.80000 2.00000 2.00000 1000 ECN/STP & STP 0 Reviews
126 Compare Forex Broker ForexCT ForexCT ForexCT Profile 2.00000 2.00000 2.00000 500 Market maker 1 Reviews
122 Compare Forex Broker Direct FX Direct FX Direct FX Profile 2.00000 2.00000 2.00000 100 ECN/STP & DMA/STP 1 Reviews
112 Compare Forex Broker Bacera Bacera Bacera Profile 1.80000 1.80000 1.80000 300 ECN/STP Reviews
111 Compare Forex Broker PhillipCapital PhillipCapital PhillipCapital Profile 0.60000 0.80000 0.80000 200 ECN/STP Reviews
110 Compare Forex Broker AvaTrade AvaTrade AvaTrade Profile 1.80000 2.90000 2.70000 100 Market maker 1 Reviews
107 Compare Forex Broker Vantage FX Vantage FX Vantage FX Profile 1.40000 1.60000 1.40000 100 ECN/STP & STP Reviews
103 Compare Forex Broker IronFX IronFX IronFX Profile 1.70000 1.90000 2.10000 100 ECN/STP & STP & Market maker Reviews
98 Compare Forex Broker MahiFX MahiFX MahiFX Profile 1.60000 1.30000 1.00000 1 Market maker, spreads vary wildly Reviews
96 Compare Forex Broker Blueberry Markets Blueberry Markets Blueberry Markets Profile 1.60000 2.00000 1.80000 100 ECN/STP & STP Reviews
93 Compare Forex Broker City Index City Index City Index Profile 1.80000 2.50000 1.70000 100 Market maker Reviews
78 Compare Forex Broker Velocity Trade Velocity Trade Velocity Trade Profile 1.10000 1.10000 1.10000 1000 DMA/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
54 Compare Forex Broker USGFX USGFX USGFX Profile 2.80000 2.80000 2.80000 100 ECN/STP & Market Maker 0 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
22 Compare Forex Broker plus 500 plus 500 plus 500 Profile 1.00000 1.00000 3.00000 1 Market maker 1 Reviews
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