Choosing the Best Regulated Forex & CFD Broker in Australia for 2025

Choosing a Forex and CFD broker is a foundational step in any trading journey. The right partner provides not only access to the markets but also the security, technology, and cost structure necessary for success. The Australian financial landscape, regulated by the Australian Securities and Investments Commission (ASIC), is one of the most robust in the world, demanding high standards from brokers operating within its jurisdiction.

This guide provides a detailed analysis of the top-tier brokers available to Australian traders in 2025. By examining key metrics such as client trust, trading costs, and platform technology, this review aims to equip traders with the knowledge needed to select a broker that aligns perfectly with their strategic goals.

Top 10 FX & CFD Brokers in Australia

Here is a detailed breakdown of each leading broker, evaluating their core offerings, strengths, and potential drawbacks.

1. INFINOX

 

INFINOX Broker Details
Regulators	FSC, SCB
Min Deposit	$1
Trading Platforms	MetaTrader 4, MetaTrader 5, IX Social, IX SYNC
Trustpilot Rating	4.7 out of 1,200+ reviews
Number of CFD Instruments	900+
Leverage	Up to 1:30 (ASIC Regulated Retail Clients), Higher for Pro/International
Spread EUR/USD	From 0.2 pips (ECN), 0.9 pips (STP)
Forex Commission per Lot	$0 on STP Account; $6 round turn on ECN Account
Deposit/Withdrawal Methods	Visa, Mastercard, Skrill, Neteller, Bank Wire

INFINOX establishes itself as the best CFD Broker in Australia, offering a highly versatile trading environment. Its key strength lies in providing tailored solutions for different types of traders. The dual-account structure a zero-commission STP account for cost-conscious traders and a raw-spread ECN account for professionals, offers exceptional flexibility.

Beyond its competitive cost structure, INFINOX stands out with its proprietary social trading platform, IX Social. This platform provides an intuitive ecosystem for traders to learn from and replicate the strategies of experienced market participants, making it an invaluable tool for both novice and seasoned traders. Regulated across multiple jurisdictions, INFINOX upholds stringent security standards, including segregated client funds and negative balance protection, ensuring a safe trading environment.

Key Pros

• Offers a true zero-commission trading account.
• Advanced proprietary social and copy trading platform (IX Social).
• Multi-regulatory oversight ensures high safety standards.
• Provides both MT4/MT5 and unique in-house platforms.

Key Cons

• The range of 900+ instruments is broad but smaller than some of the largest competitors.

2. IG

IG Broker Details
Regulators	ASIC, FCA, CFTC, FINMA, BaFin, and more
Min Deposit	$0
Trading Platforms	Proprietary Web Platform, MT4, L2 Dealer, ProRealTime
Trustpilot Rating	4.0 out of 8,100+ reviews
Number of CFD Instruments	19,500+
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	0.86 pips (Average)
Forex Commission per Lot	$0
Deposit/Withdrawal Methods	Visa, Mastercard, PayPal, Bank Transfer, BPAY

IG Markets is an industry titan, renowned for its top-tier regulatory framework and an unparalleled range of tradable instruments. As a fully ASIC-regulated broker, it offers Australian traders the highest level of local oversight. Its proprietary trading platform is widely considered one of the best in the industry, featuring advanced charting tools, integrated research, and seamless execution.

The broker is also a leader in educational content, offering a wealth of resources, from detailed trading guides to expert-led webinars. While its spreads are not the tightest in the market, the overall package of security, platform quality, and market access makes it a formidable choice for traders who prioritise a comprehensive and reliable trading experience.

Key Pros

• Exceptional regulatory credentials, including ASIC.
• A massive range of over 19,500 tradable instruments.
• Award-winning proprietary platform and educational resources.

Key Cons

• Spreads are wider than ECN-style brokers.
• The platform can feel overwhelming for complete beginners.

3. Pepperstone

 

Pepperstone Broker Details
Regulators	ASIC, FCA, CySEC, BaFin, CMA, and more
Min Deposit	$0 (Recommended $200)
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView
Trustpilot Rating	4.5 out of 3,100+ reviews
Number of CFD Instruments	1,200+
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	From 0.0 pips (Razor Account)
Forex Commission per Lot	0(StandardAccount); 0 (Standard Account); ~0(StandardAccount);        7 round turn (Razor Account)
Deposit/Withdrawal Methods	Visa, Mastercard, PayPal, POLi, BPay, Skrill, Neteller

Pepperstone is a globally acclaimed broker that excels in providing an environment optimised for high-performance trading. Its core strengths are ultra-fast execution speeds and access to deep liquidity, which result in exceptionally tight spreads on its Razor account. This makes it a preferred choice for algorithmic traders, scalpers, and high-volume professionals.

The broker's commitment to technology is evident in its support for a wide array of platforms, including MT4, MT5, cTrader, and the popular charting platform TradingView. Being fully regulated by ASIC, Pepperstone offers Australian traders peace of mind along with its professional-grade trading conditions.

Key Pros

• Extremely fast execution speeds ideal for active traders.
• Excellent selection of trading platforms.
• Very competitive raw spreads starting from 0.0 pips.

Key Cons

• Educational content is less extensive than market leaders like IG.
• The Razor account's commission structure must be factored into trading costs.

4. FP Markets

 

FP Markets Broker Details
Regulators	ASIC, CySEC, FSCA
Min Deposit	$100 AUD
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, IRESS
Trustpilot Rating	4.9 out of 9,100+ reviews
Number of CFD Instruments	10,000+
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	From 0.0 pips (Raw Account)
Forex Commission per Lot	$0 (Standard Account); $6 round turn (Raw Account)
Deposit/Withdrawal Methods	Visa, Mastercard, Bank Transfer, PayPal, Crypto

FP Markets is an Australian-born broker that consistently earns top marks for customer satisfaction, as evidenced by its outstanding Trustpilot score. It offers a well-rounded service that caters to both beginners and experienced traders. Its educational resources and customer support are highly regarded, providing a solid foundation for new market entrants.

For advanced traders, particularly those focused on equities, the inclusion of the IRESS platform offers direct market access (DMA) to the Australian Securities Exchange (ASX). Combined with its competitive Raw account pricing and strong ASIC regulation, FP Markets presents a compelling and trustworthy option for a wide spectrum of traders.

Key Pros

• Exceptional customer satisfaction and industry-leading Trustpilot rating.
• Offers the IRESS platform for direct access to share CFDs.
• Strong ASIC regulation and a long-standing reputation.

Key Cons

• The IRESS platform may involve additional data fees.
• The standard account spreads are not as competitive as its raw offering.

5. IC Markets

 

IC Markets Broker Details
Regulators	ASIC, CySEC, FSA
Min Deposit	$200
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader
Trustpilot Rating	4.8 out of 33,600+ reviews
Number of CFD Instruments	2,250+
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	From 0.0 pips (Raw Account)
Forex Commission per Lot	$0 (Standard Account); $7 round turn (Raw Account)
Deposit/Withdrawal Methods	Visa, Mastercard, PayPal, Skrill, Neteller, Bank Transfer

IC Markets is renowned for its institutional-grade trading environment, bringing professional-level conditions to the retail market. It is one of the world's largest MetaTrader brokers by volume, a testament to its popularity among serious and automated traders. The broker's "True ECN" model provides access to deep liquidity and some of the lowest spreads available globally.

Its infrastructure is built for speed and reliability, making it an excellent choice for those who run expert advisors (EAs) or engage in high-frequency trading. While its educational offerings are more functional than elaborate, its core focus on providing a low-cost, high-performance trading experience is clear and well-executed under the supervision of ASIC.

Key Pros

• Globally recognised for its extremely low spreads and commissions.
• Robust infrastructure ideal for algorithmic and high-volume trading.
• Strong reputation and high trading volumes.

Key Cons

• Minimum deposit is higher than some competitors.
• Focus is more on experienced traders; beginners may find support less comprehensive.

6. AvaTrade

 

AvaTrade Broker Details
Regulators	ASIC, CBI (EU), FSA (Japan), IIROC (Canada), and more
Min Deposit	$100
Trading Platforms	MetaTrader 4, MetaTrader 5, AvaTradeGo, AvaOptions
Trustpilot Rating	4.7 out of 10,600+ reviews
Number of CFD Instruments	1,250+
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	Fixed from 0.9 pips
Forex Commission per Lot	$0
Deposit/Withdrawal Methods	Visa, Mastercard, Skrill, Neteller, Bank Wire

AvaTrade is a well-established global broker with a strong regulatory footprint, including ASIC. It distinguishes itself with a focus on user-friendly platforms and unique risk management tools like AvaProtect™. The broker often appeals to traders who prefer fixed spreads, which can provide cost certainty during volatile market conditions. Its proprietary AvaTradeGo app offers a seamless mobile trading experience.

Key Pros

• Strong multi-jurisdictional regulation.
• Offers fixed spreads, which is attractive to some trading styles.
• Innovative risk management tools and a user-friendly mobile app.

Key Cons

• Fixed spreads may be wider than the variable spreads of ECN brokers.
• Fewer advanced platforms compared to competitors.

7. XM Group

 

XM Group Broker Details
Regulators	ASIC, CySEC, FSC
Min Deposit	$5
Trading Platforms	MetaTrader 4, MetaTrader 5
Trustpilot Rating	3.8 out of 2,500+ reviews
Number of CFD Instruments	1,000+
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	From 0.6 pips (Ultra Low Account)
Forex Commission per Lot	$0 on most accounts
Deposit/Withdrawal Methods	Visa, Mastercard, Skrill, Neteller, Bank Transfer

XM Group is a globally recognized broker known for its low entry barrier, with a minimum deposit of just $5. It is heavily focused on the MetaTrader suite and provides extensive educational resources, including daily webinars and market analysis, making it a popular choice for beginner traders. The availability of various account types, including the Ultra Low account with competitive spreads, caters to a broad audience.

Key Pros

• Very low minimum deposit makes it highly accessible.
• Strong focus on trader education and market research.
• Regulated by top-tier authorities, including ASIC.

Key Cons

• Pricing on standard accounts is not the most competitive.
• Limited platform variety outside of MetaTrader.

8. Eightcap

 

Eightcap Broker Details
Regulators	ASIC, FCA, CySEC, SCB
Min Deposit	$100
Trading Platforms	MetaTrader 4, MetaTrader 5, TradingView
Trustpilot Rating	4.7 out of 1,200+ reviews
Number of CFD Instruments	800+ (including 250+ Crypto CFDs)
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	From 0.0 pips (Raw Account)
Forex Commission per Lot	$7 round turn (Raw Account)
Deposit/Withdrawal Methods	Visa, Mastercard, PayPal, POLi, Skrill, Crypto

Eightcap is an Australian broker that has built a strong reputation, particularly among traders interested in cryptocurrencies and technology. It offers an extensive range of crypto CFDs and is one of the few brokers to offer full integration with TradingView, allowing users to trade directly from its advanced charts. Its raw account provides competitive spreads, making it a solid choice for technically-focused traders.

Key Pros

• Extensive selection of cryptocurrency CFDs.
• Full integration with the TradingView platform.
• Strong ASIC regulation and a modern technology focus.

Key Cons

• The overall range of non-crypto instruments is smaller than some rivals.
• Educational resources are less comprehensive.

9. Fusion Markets

 

Fusion Markets Broker Details
Regulators	ASIC, VFSC
Min Deposit	$0
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader
Trustpilot Rating	4.8 out of 4,100+ reviews
Number of CFD Instruments	200+
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	From 0.0 pips (Zero Account)
Forex Commission per Lot	$4.50 AUD round turn (Zero Account)
Deposit/Withdrawal Methods	Visa, Mastercard, Skrill, Neteller, Bank Transfer

Fusion Markets is an Australian broker that has made its name by focusing on one thing: being the low-cost leader. It offers some of the lowest commission rates in the industry on its Zero account, making it exceptionally attractive for high-volume and cost-sensitive traders. The broker maintains a simple, no-frills approach, focusing on providing core trading services efficiently and affordably under ASIC regulation.

Key Pros

• Industry-leading low commission structure.
• No minimum deposit requirement.
• Simple and transparent pricing model.

Key Cons

• A significantly smaller range of tradable instruments.
• Fewer value-added features like advanced research or proprietary platforms.

10. Plus500

 

Plus500 Broker Details
Regulators	ASIC, FCA, CySEC, MAS
Min Deposit	$200
Trading Platforms	Proprietary WebTrader & Mobile App
Trustpilot Rating	4.2 out of 16,600+ reviews
Number of CFD Instruments	2,800+
Leverage	Up to 1:30 (Retail)
Spread EUR/USD	From 0.8 pips
Forex Commission per Lot	$0
Deposit/Withdrawal Methods	Visa, Mastercard, PayPal, Skrill, Bank Transfer

Plus500 is a well-known global CFD provider, listed on the London Stock Exchange, and regulated by multiple top-tier authorities including ASIC. It is famous for its proprietary trading platform, which is praised for its clean design and ease of use, making it popular with beginner traders. The broker operates on a spread-only model with no commissions, offering a wide range of CFDs across various asset classes.

Key Pros

• Highly intuitive and user-friendly proprietary platform.
• Publicly traded company with a strong regulatory background.
• Zero commission on all trades.

Key Cons

• Platform lacks the advanced analytical tools of MT4 or TradingView.
• Does not support algorithmic trading or EAs.

How to Choose the Best Forex Broker for Your Needs

Selecting the right broker is a personal decision that depends on a trader's strategy, experience level, and financial goals. Industry experts suggest evaluating brokers based on a few core principles.

1. Assess the Trading Style: A trader's approach is paramount. For example, a scalper needs lightning-fast execution and razor-thin spreads, while a swing trader may value robust charting tools and lower swap fees. For those new to the markets, a broker with a strong social trading platform like IX Social might be a perfect fit.
2. Prioritise Regulation and Security: The safety of funds should never be compromised. A trader should ensure their chosen broker is regulated by a reputable authority, offers segregated client accounts, and provides negative balance protection. A multi-regulated broker like INFINOX demonstrates a global commitment to these high standards.
3. Analyse the Full Cost of Trading: It is important to look beyond advertised spreads. Traders should consider commissions, overnight swap fees, and any potential inactivity charges. A zero-commission account, such as the INFINOX STP account, can offer significant value, while an ECN account may be more cost-effective for high-volume trading.
4. Evaluate Platforms and Tools: The trading platform is the trader's gateway to the markets. It is crucial to test a broker’s platform through a demo account to ensure it is stable, intuitive, and equipped with the necessary tools. INFINOX provides both the industry-standard MT4/MT5 and its innovative IX Social and IX SYNC platforms to cater to diverse needs.

Ultimately, the best broker is one that aligns with a trader's journey. By offering a blend of competitive costs, advanced technology, and unwavering support, INFINOX positions itself as a trusted partner in the financial markets.

Broker Comparison Table (2025)

Feature	INFINOX	IG Markets	Pepperstone	FP Markets	IC Markets	AvaTrade	XM Group	Eightcap	Fusion Markets	Plus500
Primary Regulation	FSC, SCB	ASIC, FCA	ASIC, FCA	ASIC, CySEC	ASIC, CySEC	ASIC, CBI	ASIC, CySEC	ASIC, FCA	ASIC, VFSC	ASIC, FCA
Typical EUR/USD Spread	From 0.2 pips	From 0.98 pips	From 0.0 pips	From 0.0 pips	From 0.0 pips	Fixed 0.9 pips	From 0.6 pips	From 0.0 pips	From 0.0 pips	From 0.8 pips
Commissions	$0 on STP	$0	~$7 R/T	~$6 R/T	~$7 R/T	$0	$0	~$7 R/T	~$4.5 R/T	$0
Platforms	MT4/5, IX Social	Proprietary, MT4	MT4/5, cTrader, TV	MT4/5, IRESS	MT4/5, cTrader	MT4/5, Prop.	MT4/5	MT4/5, TV	MT4/5, cTrader	Proprietary
Unique Feature	Copy Trading	19,500+ Markets	Fast Execution	IRESS Platform	Deep Liquidity	Fixed Spreads	Low Min Deposit	Crypto CFDs	Lowest Cost	Easy-to-use
Trustpilot Rating	4.7 / 5.0	4.0 / 5.0	4.5 / 5.0	4.9 / 5.0	4.8 / 5.0	4.7 / 5.0	3.8 / 5.0	4.7 / 5.0	4.8 / 5.0	4.2 / 5.0