Top 20 Best High Leverage Forex Brokers in Australia 2023

For the best high-leverage forex brokers in Australia, this article will review them all for you. But what comes to your mind before choosing any forex broker with high leverage when leverage is mentioned? Below is the definition of leverage.

Defining Leverage

Leverage simply means the ratio of the trader’s fund to the broker’s credit. It is a borrowed capital that the broker lends traders to invest in a currency, stock, or security.

It is an occurring feature in forex brokers, and traders use leverage to get returns from the exchange rate fluctuations between two currencies. But, how leverage work matters.

Although it increases clients’ trading power, it can expose one to danger, such as risk-taking. Thus, it requires extra carefulness.

As it directly corresponds with risk-taking, high leverage means more risks in trading. But for experts (those who know how to use leverage wisely), it provides them a good opportunity to earn bigger profit from the forex market.

That means high leverage is mainly for experienced traders.

Best High Leverage Forex Brokers in Australia

List of The Top 10 Best High Leverage Forex Brokers in Australia

Forex brokers in Australia still offer higher leverage by their offshore subsidiaries.

Meanwhile, not all Australian brokers have extended their business to other jurisdictions. Hence, you should look for Australian-based brokers to reach the global market.

Below are the lists of the best high-leverage forex brokers in Australia.

1. Anzo Capital

Anzo Capital was founded in 2015 and is one of Australia’s best high-leverage forex brokers. It is authorized by the ASIC, which guarantees your full security.

As a high leverage forex broker, it offers leverage up to 1:500 and a minimum deposit as low as $100.

Being one of the best, it provides other instruments to trade with, such as metals, currencies, energies, crypto, and indices.

It provides a demo account for its clients and online money transfer services.

But unfortunately, this broker has no direct support phone number available for clients.

Features of Anzo Capital

  • It has easy and simple registration and verification process.
  • Tight spreads on major currency pairs.
  • Negative balance protection.

2. I.C. Markets

I.C. Markets is an ASIC and CySEC regulated forex broker with high leverage of 1:500. The broker was founded in 2007.

It provides its traders with solid forex trading platforms such as MetaTrader 4, MetaTrader 5, and the cTrader.

It offers its clients many payment options and the opportunity to trade with many instruments: Crypto, Stocks and Bonds, Indices, Currencies, etc.

On the other hand, the minimum deposit is slightly higher but within a logical range.

Features of I.C. Markets

  • I.C. Markets offers Advanced Financial Chart comparison tools.
  • Availability of copy and social trading.
  • API trading is available.
  • Trailing Stops.
  • StopLoss.
  • TakeProfit Orders.

3. GOMarkets

G.O. Markets is an international investment company established in 2006 and managed by ASIC and FSC.

It provides its client the leverage of 1:500 with a deposit as low as AUD200.

This broker offers Standard and ECN accounts, MetaTrader 4 and MetaTrader 5 terminals, free training webinars, and access to professional analytics. And it is available for both apple and android users.

But, it has small maximum leverage of 1:30 on currency pairs, and there are no cent accounts.

Feature of GOMarkets

  • It offers 50+ currency pairs like AUD/USD, USD/CAD, EUR/USD, USD/CHF, GBP/USD, and USD/JPY.
  • It offers GOPlus+ and standard accounts.
  • Trades over 350+ CFD instruments.
  • It offers VPS services.
  • Free demo account.

4. FXOpen

FXOpen, the first Sharia-compliant forex brokerage in the world with high leverage of 1:500 with a minimum deposit of $1, was founded in 2003. But, it was later established in the Australian country after being initially established outside of the country. In 2005, it inaugurated dealing services and, after that, became one of the leaders in the Forex industry.

It was the first broker to provide its clients a distinct chance to trade using the electronic communication network (ECN) according to the MetaTrader 4 terminal.

And this broker has held its high-level service through the most profitable trading strategies, advanced technologies, and a wide range of financial services, which is profitable for both beginner and professional traders.

Now, it issues a full range of both active and passive trading services to more than a million clients from 100 countries.

FXOpen is a member of the International Financial Commission (IFC) and Federation Council Committee on Budget and Financial Markets (FCCBFM).

Despite all of the benefits mentioned earlier, FXOpen has some impediments. They are as follows:

  • It is mainly suited for experts, with a high minimum deposit for U.K. customers.
  • Limited range of CFDs and,
  • Limited educational tools.

Features of FXOpen

  • Free demo account
  • FXOpen offers cryptocurrencies such as Bitcoin Cash, EOS, NEO, Ripple, Monero, Litecoin, Dash, Ethereum, and IOTA.
  • Mobile trading.
  • It uses cent accounts.
  • Affiliate marketing.

5. X.M.

XM is a high leverage forex broker founded in 2009 and regulated by ASIC, CySEC, DFSA, FCA, and IFSC. This broker offers a leverage of 1:888 with a deposit as low as $5.

At first, the broker covered a limited niche of the trader market, focusing exceptionally on intermediary services in the forex market.

It offers its clients lots of instruments to trade with, such as indices, soft, metals, etc., and also provides MT4, MT5, and web-based versions of platforms. Not just that, this broker is available 24hrs on weekdays to render good service to their customers.

With much experience, the broker has increased and recently operates in not less than 190 countries worldwide.

But, despite offering 16 terminals, they are alterations of MT4 and MT5 for desktop, browser, and mobile trading.

Features of X.M.

  • Offers VPS Services.
  • One-Click Trading.
  • Virtual Portfolio.
  • X.M. uses different currencies.

6. Admirals

Admirals are STP forex brokers established in 2001 and regulated by ASIC, CySEC, FCA, and SFSA with high leverage of 1:500.

This broker trades instruments like commodities, ETFs, indices, shares, and bonds. It also has the best cryptocurrency offerings on the market, though they are not available under the FCA and JSC regulators.

Admirals use MT4 and MT5 platforms that are accessible for IOS, Android, and Mac users and web-based trading. Its mobile trading app also has a simplified user interface that allows easy trading.

Being the best high leverage forex brokers in Australia, Admirals offers additional payments such as credit cards, wire transfers, Neteller, Skrill, PayPal, etc.

Nevertheless, one setback for those contemplating trading with Admirals is the high deposit fees charged on accounts with individual currencies to those on offer at the broker.

Features of Admirals

  • It offers advanced financial chart comparison tools.
  • StopLoss.
  • Admirals provide easy trading tools for both beginner and expert traders.
  • Trailing Stops.
  • TakeProfit Orders.

7. FP Market

FP Market was established in 2005 and is regulated by ASIC and CySEC. It offers high leverage up to 1:500 with a minimum deposit of AUD100. Leverage limitations have obtruded the Australian-based broker, but the SVG subsidiary is not.

In trading instruments, FP Market offers ETFs, stocks, indices, currencies, energies, etc. It also uses MT4, MT5, and web versions platforms.

But, the broker imposes a high fee for international bank withdrawals.

Features of FP Market

  • Personal manager
  • Bonus offers
  •  Free education
  • Trading by telephone
  • PAMM accounts
  • MAM accounts
  • Affiliate program

8. I.G. Markets

IG Market, established in the U.K. in 1974, is one of the biggest CFD brokers in the world. It is regulated by different bodies globally, including top-tier regulators like the Australian Securities and Investment Commission (ASIC), U.K.’s Financial Conduct Authority (FCA), and Germany’s Federal Financial Supervisory Authority (BaFin).

The broker offers standard and ECN accounts with high leverage up to 1:200 (1;30 for E.U. and some non-EU clients) with a minimum deposit of 300 USD.

Not just that it offers MetaTrader 4, but it also provides many trading tools like softs, EFTs, currencies, crypto, etc., for its client.

On the other hand, I.G.’s trading fees are high for forex and stock CFDs, and the product portfolio is limited.

Features of I.G. Markets

  • I.G. Markets U.K. offers Spread Betting on various derivative contracts.
  • It is authorized and regulated by a government agency in different countries.
  • Tight spreads on major currency pairs.
  • Thousands of stocks are available for trading.

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9. Saxo Bank

Saxo Bank, one of the best high leverage forex brokers, was established in 1992 and is regulated by different financial authorities worldwide. It has a leverage of 1:30

It is known for its user-friendly and efficient online trading platform, SaxoTraderPRO, together with the broker’s different instruments (currencies, indices, metals, crypto, etc.) and platforms to befit a wide range of traders.

Features of Saxo Bank

  • Well-regulated trading broker.
  • User-friendly and premium trading interface.
  • The minimum deposit is from $500, depending on the country.
  • Over 40,000 tradable assets.
  • Great premium services for pro traders.

10. Eightcap

Eightcap, also known as 8cap, is an Australian global forex broker established in 2009 and is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction (ASIC, VFSC). It is contemplated safe because of its ASIC regulation.

It has high leverage, up to 1:500, with a minimum deposit of 100 USD.

This broker works towards building a home for MT4 and MT5 traders and aims to provide them with a personalized trading experience. It provides access to the well-known financial instruments (Currencies, Metals, Crypto, Energies, Indices) via the award-winning MetaTrader platforms.

But, Eightcap has a narrower product portfolio, covering only CFDs (share, commodity, crypto) and forex. Research and educational tools are not sufficient. Also, there is no provision for an investor protection scheme.

Features of Eightcap

  • Authorized and regulated in two different jurisdictions.
  • There is the availability of more than a hundred trading stocks.
  • It enables daily market outlooks and Forex & CFD news.
  • Tight spreads on major currency pairs.

List of The Top 10 High Leverage and Low Spread Brokers in Australia

Here I will be discussing the top 10 high leverage and low spread brokers in Australia. But, before then, what is spread in forex?

Spread meaning

Spread in forex simply means the difference between a forex broker’s sell (bid) rate and buy (ask) rate when exchanging or trading currencies. It can be limited or wider based on the currency involved, the time of day trade is commenced, and economic situations.

However, the spread can increase based on the broker’s choice. An investor would pay more when buying and receive less when selling. And it also reduces trading costs as well as risk.

Below are the top 10 high leverage and low spread brokers in Australia.

1. CMC

CMC is the best broker with high leverage and low spread in Australia. It was established in 1989 and regulated by the ASIC, FSPR, FCA, IIROC, BaFin, FMA, and MAS.

This broker has leverage up to 1:500 for N.Z. clients (1:30 for clients from other countries) with a minimum deposit of 200 USD.

It has a lower spread: and offers competitive CFD spreads and commissions, with spreads on major FX pairs starting from 0.7 points and commissions on shares from 0.1%.

CMC broker provides clients with MetaTrader 4, Web, and a well-defined FIX API (protocol). It offers tools such as metals, indices, interest rates, currencies, stocks and bonds, EFTs, and soft.

On the downside, stock CFD fees are high. And the customer support is only 24/5, which is not convenient for all traders.

Features of CMC

  • CMC Markets U.K. offers Spread Betting on different derivative contracts.
  • It is authorized and regulated by a government agency in several countries.
  • Tight spreads on major currency pairs.
  • Availability of thousands of stocks for trading.

2. Plus 500

Plus 500 is another forex broker with high and low spreads in Australia. It was founded in 2008 and managed by the ASIC, FMA, FCA, CySEC, SFSA, and MAS.

It has high leverage of 1:300 and a low spread of 0.8 with a minimum deposit of 100 USD.

Plus500 is mainly for traders who search for a wide range of financial markets with low trading costs and a simple, functional platform on which to place their trades.

It provides more than 2,000 CFDs (indices, metals, currencies, etc.) on its trading platform with competitive spreads and no commissions, and this is enticing to experts that choose manual transactions.

On the other side, customers experience a lack of full support, and the broker does not approve U.S. clients. Also, trading platforms cannot pair with other trading platforms as well.

Features of Plus500

  • Free demo account.
  • No commissions.
  • Uses 1 platform to trade commodities, stock, and forex CFD.
  • Easy access to the trading account.
  • Advanced trading tools.
  • Australian regulated platform.


TMGM, also known as TradeMark Global Market, was established in 2013 and regulated by the ASIC and VFSC. It has a leverage of 1:500 and a low spread of 0.0 pips with their edge account and 1.0 pips for the standard account. It has a minimum deposit of 100 USD.

This broker offers MT4 and MT5 platforms and some instruments to trade with, such as currencies, crypto, metals, energies, indices, and soft stocks and bonds.

However, TMGM has an insufficient product portfolio covering only CFDs and forex.

Features of TMGM

  • A demo account is provided.
  • Availability of bank card.
  • Depositing with an electronic wallet.
  • TMGM offers Forex, CFD, and Crypto products.
  • The number of base currencies supported is 6.

4. Pepperstone

Pepperstone is an Australian forex broker which offers CFDs. It was founded in 2010 and opened a London office in 2015 to serve its European clients fully.

Pepperstone is secured because three top-tier financial authorities regulate it: the U.K.’s Financial Conduct Authority (FCA), Germany’s BaFin, and the Australian Securities and Investments Commission (ASIC).

It has high leverage of 1:200 with a minimum deposit of 200 AUD.

This broker has many trading instruments (such as crypto, indices, currencies, metals, shares and bonds, energies, and soft) and platforms (MetaTrader 4, MetaTrader 5, Web, and cTrader) which provide their clients with easy trading strategies.

However, Pepperstone has low forex and non-trading fees, with no inactivity or account fees. But, CFD financing rates are high for a few assets.

Below is the description of the spread of pepperstone in Australia based on forex:

Currency pair: AUDSUD

Razor – minimum spread: 0

Razor – average spread: 0.24

Standard – minimum spread: 0.6

Standard – average spread: 0.84

Features of Pepperstone

  • Authorized and regulated by reliable government agencies.
  • Integrated with various algorithmic and copy trading networks.
  • Free learning materials, trading guides, and webinars.
  • Tight spreads on major currency pairs.

5. ThinkMarkets

ThinkMarkets can be said to be a trustworthy and worthwhile broker that is very competitive regarding its trading fees (against major currency pairs). Their spread is also very low and is contemplated average risk.

It was founded in 2010 and managed by the ASIC, FCA, FSCA, and SFSA. It is located in Australia, South Africa, the U.K., and Bermuda Seychelles.

It has a leverage of 1:500 (1:30 for A.U. clients) and a lower spread from 0.0 pips on ThinkZero, to 0.4 pips on Standard with a deposit of 5 USD.

This broker has many tradeable assets (currencies, metals, crypto, etc.) and MT4, MT5, Web, and Specific FIX API (protocol). These make the broker one of the best brokers in Australia.

Unfortunately, there are no cent accounts, no bonus programs, contests, or promotions held among its clients, and the freezing of trading terminals.

Below is the new and improved spread of this broker in Australia

Currency pair: AUD/USD

Previous typical spread: 0.4

Current typical spread: 0.2

Reduction: -50%

Features of ThinkMarkets

  • There are tight spreads on major currency pairs.
  • Authorized and regulated by credible government agencies.
  • More than a thousand stocks and dozens of ETFs.
  • Availability of different tutorials, guides, educational materials, and trading tools.
  • Acceptance of bitcoin funding.

6. Axim Trade

Axim trade is an intermediary forex broker established in 2020 and operated by the ASIC and FSPR. It has provided services for trading currency pairs, cryptocurrencies, and CFDs since 2020.

The broker offers cent, Standard and ECN account with high leverage of 1:3000, a low minimum deposit of 10 USD, and spreads of from 1 pip for cent and Standard and 0.0 pips for ECN.

Regarding platforms, axim trade uses MetaTrader 4 and offers trading instruments like currencies, energies, crypto Indices, Energies, Stocks, etc.

It also has a margin call of 60% and a stop-out level of 30%.

Yet, the web terminal is unavailable to clients.

Features of Axim Trade

  • Presence of experts whose activities can be copytraded.
  • Authorized and regulated by several credible government institutions.
  • Tight spreads on major currency pairs.
  • USDT (TRC20 and ERC20) funding accepted.

7. VantageFX

Vantage F.X. is Australia-based global forex and CFD broker, established in 2009, has its head office in Australia and is regulated by the ASIC.

The broker got its brand name Vantage F.X. Pty Ltd in 2015 after being registered as MTX Global. Recently, the broker (Vantage FX) is a constituent of Vantage Global Prime Pty Ltd.

This broker has leverage up to 1:500, a deposit of 200 USD, and a low spread from 0.0 pips. And it prevents accounts from losing money rapidly due to leverage.

It offers MT4 and MT5 trading platforms and instruments (currencies, indices, metals, crypto, etc.).

But, the product portfolio at Vantage is inadequate as the broker only offers forex and some CFDs to trade.

Features of Vantage F.X.

  • Connected with several trading independent networks.
  • Licensed and regulated by authorities in different countries.
  • Free trading tools and educational materials.
  • Availability of more than a hundred stocks for trading.

8. IFS Markets

IFS Markets is another one of the best high leverage and low spread brokers in Australia. It was founded in 2008 and regulated by the ASIC, DMCC, with high leverage up to 1:400, a minimum deposit of 5 AUD, and a low spread from 0.0 pips.

Trading platforms: Web, MetaTrader 4

Trading tools: Indices, Metals, Currencies, etc.

The margin call is 100%. In contrast, the stop-out level is 50%.

Unfortunately, IFS Markets group receives clients from other countries except for the USA, Canada, and Iran.

Features of IFS Markets

  • Over 10 years on the foreign exchange market.
  • Several trading tools.
  • Tight spreads on major currency pairs.

9. INGOT Brokers

INGOT Brokers is an online brokerage firm based in Australia, established in 2006, and managed by the ASIC.

This broker offers margin forex contracts and CFDs on forex futures, cryptocurrencies, equities, Exchange Traded Funds (ETFs), indices, and commodities.

The leverage is up to 1:400, with a minimum deposit of 100 USD, spread from 0.0 pips (ECN) and 1.0 pips (Prime Account).

Platforms: MetaTrader 4 and MetaTrader 5.

Features of INGOT Brokers

  • Stock CFDs of companies from several regions and countries.
  • It operates both in regulated and unregulated jurisdictions.
  • Tight spreads on the ECN trading account.

10. V.T. Markets

Finally, VT Markets is the last high leverage and low spread broker in Australia I will be discussing here.

It is a global CFD and forex broker founded in 2016 in Australia and regulated by the ASIC, FCA, and CIMA. V.T. Markets is a subsidiary of Vantage Global Prime Pty Ltd.

V.T. Markets benefits from being a constituent of the Vantage Group of companies and provide access to the MetaTrader ( 4 and 5) suite of platforms and its own V.T. Pro trading app.

The leverage is up to 1:500 with a minimum deposit of 200 USD and a spread from 0.0 pips (ECN) and 1.2 pips (Standard STP accounts).

Instruments: Currencies, Metals, Indices, Energies, Softs, Stocks and Bonds, EFTs.

But, access to Trading Central ProTrader tools requires a minimum initial deposit of $500.

Features of V.T. Markets

  • Authorized and regulated in different jurisdictions, including offshore.
  • Over a hundred stocks are available for trading.
  • Trading Central indicators for MT4.
  • Tight spreads on major currency pairs.


These brokers, as mentioned above, make trading easier and simpler for both beginner and experienced traders.

Despite the high leverage brokers exposing their clients to risk-taking, they provide them a good opportunity to earn bigger profits from the forex market.

And the use of low spread brokers impacts traders in various ways: they increase their bid-ask rate based on the broker’s choice, reduce trading costs and improve risk-reward ratios.

So, trading with these best high leverage and low spread brokers in Australia gives you a higher chance for profitable and cost-effective trading in the forex market.

Watch the video below for a further explanation

About Author

Best High Leverage Forex Brokers in Australia
Favour Nnenna
I am a writer and researcher, a practical digital marketer, and a copywriter who communicates value to a society based on years of experience and knowledge in the field.

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