Lowest Spread Forex Broker Australia

Lowest spread forex broker australia

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I don’t believe there is a ‘single’ best Forex broker for foreign exchange trading, that would meet everyone’s needs. Same as there is no single indicator or Forex trading style that is best for everyone, nor is there simply one best FX broker suited to every Forex trader.

Lowest spread forex broker australia

Forex trading is a very personal endeavour, with differing available capital, risk tolerance, trading strategy, styles and trading account requirements. It is therefore critical to compare forex brokers in a like-for-like manner.

It can also be difficult for traders to know who are the trusted and truly reputable Forex brokerage firms in Australia.

Lowest spread forex broker australia

Therefore, I have reviewed 1 in detail, the top ASIC regulated Forex broker lists covering a variety of features traders look for, including standard Forex accounts and electronic communication network (ECN) Forex trading accounts.

Below you’ll find a comparison of retail foreign exchange brokers for 2020.

These include the cheapest online Forex trading; access the interbank market with the best ECN broker accounts (all are Australian forex brokers too); low fixed spread CFD FX broker; and largest product range Forex broker.

To view our detailed broker review and individual ratings criteria 1, simply click on the “read our full review” button in the tables below.

Lowest spread forex broker australia

All brokers listed on this site are ASIC regulated and will therefore have an Australian Financial Services (AFS) Licence number available.

Best ECN Forex Broker Accounts

Forex electronic communications network (ECN) trading accounts always operate on a no dealing desk (NDD) basis. The spreads are typically tighter than standard accounts as the foreign exchange broker does not add any additional spread.

Lowest spread broker for trading forex

However, they charge a fixed commission instead when a trade is made.

Fixed Spread FX CFD Brokers Comparison

Fixed spreads do not change under normal foreign exchange market conditions. This means the bid-ask spread does not vary based on time of day, or general forex market fluctuations and volatility. A fixed narrow Forex spread is more convenient and predictable for customers, compared with variable spreads.

ECN Forex Broker Accounts

Compare ECN Forex Trading Accounts
(Commission plus tight ECN spreads)

View Comparison

FIXED Spread Forex CFD Brokers

Compare Fixed Spread CFD FX Accounts
(No commission with FIXED spreads)

View Comparison

Standard Forex Broker Accounts

Compare Standard FX Accounts
(No commission with variable spreads)

View Comparison
  • Best Suited To

  • Broker Rating1

  • ASIC Regulated

  • Deposits Held

  • No.

    Lowest spread forex broker australia

    Currency Pairs

  • Commission Per Lot

  • Spread Type

  • Spreads From

  • AUDUSD

  • EURGBP

  • EURUSD

  • USDJPY

  • MetaTrader 4 (MT4)

  • MetaTrader 5 (MT5)

  • Min.

    Trade Size

  • Min. Open Balance

  • A/C Base Currency

Compare Forex ECN Broker Accounts

Razor A/C

  • Best Suited To

    FX traders wanting tight ECN spreads on MT4 / 5 or cTrader
    Large No.

    of currency pairs

  • 4.5 / 5
  • Deposits Held

  • AUD $3.50 per 100,000
  • Spread Type

    Raw ECN Spread
  • Spreads From

    From 0.0 pips
  • AUDUSD

    From 0.0 (Ave: 0.27) pips
  • EURGBP

    From 0.0 (Ave: 0.36) pips
  • EURUSD

    From 0.0 (Ave: 0.16) pips
  • USDJPY

    From 0.0 (Ave: 0.25) pips
  • A/C Base Currency

    AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

Raw ECN A/C

  • Best Suited To

    Currency traders who also need a wide variety of non-forex instrument types (eg equities)
  • 4.3 / 5
  • Deposits Held

  • AUD $3.50 per 100,000
  • Spread Type

    Raw ECN Spread
  • Spreads From

    From 0.0 pips
  • AUDUSD

    From 0.1 (Ave: 0.66) pips
  • EURGBP

    From 0.2 (Ave: 0.77) pips
  • EURUSD

    From 0.0 (Ave: 0.45) pips
  • USDJPY

    From 0.2 (Ave: 0.60) pips
  • A/C Base Currency

    AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

  • Key Difference

  • Broker Rating1

  • ASIC Regulated

  • Deposits Held

  • Commission Per Lot

  • Spread Type

  • Fixed Spreads From

  • AUDUSD

  • EURGBP

  • EURUSD

  • GBPUSD

Compare FIXED SPREAD Forex CFD Providers

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