This article will explore the best lowest spread forex broker in Australia.
These brokers are the most affordable among the many online forex brokerages. The 10 forex brokers below offer the best rates and spreads.
The majority of the brokers are based in Sydney and Melbourne. Based on volume and customer support, the following forex broker is likely one of Australia’s lowest spread brokers. Learn more about each one.
What you Should Know About a Low Spread Forex Broker
Low spread forex brokers are trading platforms that offer a broad range of financial products but only a small number of products that directly relate to forex trading.
Some platforms may offer only futures contracts, while others might offer only forwards. Like all other trading platforms, a low-spread forex broker offers some advantages over traditional brokerages but also has problems.
The Advantages of Using a Low Spread Forex Broker
Low Spread Forex Brokers offer the most accurate and comprehensive assessment of clients’ trading abilities.
This is a great option if you’re looking for a beginner’s forex broker or want to try the market before moving up to a more expensive broker.
This list has been thoroughly benchmarked against one another, and they have been tested against all types of trading strategies and proven extremely successful. It shouldn’t take long to find the best forex broker in Australia.
List of the Top 10 Best Lowest Spread Forex Broker in Australia
This listing includes the top Forex brokers in Australia, sorted by their lowest spread. We have included the top forex brokers in each state or territory and the capital city for each territory and state.
Before we begin, it’s important to remember that forex trading can be done in many ways. Some people prefer to trade specific types of forex at particular times, while others prefer to trade the market daily.
Some people also like trading stocks, so they can find the best forex broker to help them with both.
Pepperstone is a well-known forex broker offering low spread and excellent customer service. Their focus on small retail clients sets them apart from other forex brokers.
Their selection of financial products includes their bond fund. Pepperstone’s customer service team is known for being responsive and extremely helpful. They can assist you if you have any problems with your account.
#2. IC Markets
IC Markets was established in 1999, making it one of the oldest forex brokerages in Australia. Indian nationals founded the company who were very familiar with forex trading.
IC Markets offers excellent customer service and one of Australia’s lowest spreads for forex brokers.
It is also well-known for its low trading fees, making it an ideal choice for those wishing to trade multiple currencies online.
XM, a Forex broker, based out of Hong Kong, is XM. The company used to be known as Drexel and has offices in Australia and New Zealand. XM is Australia’s largest forex broker, with operations on six continents.
XM is a trading platform that offers a range of features. These include various trading tools, a low trading fees structure, and a user-friendly interface.
FXTM is an ex-broker with operations in the United States, Europe, and Asia. FXTM was once called Forest track, and it has been separate since October 24, 2011, and is still in business.
FXTM is the best forex platform, and you will find a wide range of trading tools and an intuitive interface.
#5. Fusion Markets
Fusion Markets was founded in 2004 in Hong Kong. Although the company was founded in the Forex markets, it has become one of the most important forex brokerages worldwide.
Fusion Markets is a forex broker that focuses on emerging markets, offering favorable rates and spreads at lower prices than its competitors. Fusion Markets is well-known for its attention to smaller retail clients.
FxPro is a forex brokerage in the United States, Europe, and Asia. FxPro was known as Forest track and has been separate since October 24, 2011.
FxPro, like many forex brokers, offers a wide range of trading tools and a user-friendly interface.
FxPro is different from other forex brokers because its products are based upon the Interactive Brokers exchange.
FBS is an international forex broker in the United States, Europe, and Asia. FBS was previously known as Forest track.
It has been separate since October 24, 2011. FBS is one of the most established forex brokerages in the industry.
It has a reputation for offering high-quality service, and FBS is well-known for its wide range of trading options. It also offers a variety of financial products, such as its bond fund.
#8. FP Markets
FP Markets is a forex broker that operates on four continents. The company, formerly known under the name Forex Broker, has been separate since March 6, 2017.
FP Markets, like many forex brokers, offers a wide range of trading options and a variety of financial products.
The main difference between FP Markets and other forex brokers is that this broker has been licensed to trade foreign currencies.
Vantage is a forex broker that has operations on two continents. The company, formerly known under the name Forex Broker, has been separate since March 6, 2017.
Vantage, like many forex brokerages, offers a wide range of trading options and a variety of financial products.
Vantage is different from other forex brokers because it is a licensed foreign exchange broker.
Axiory, a forex broker, has operations on three continents. The company, formerly known under the name Forex Broker, has been separate since March 6, 2017.
Axiory, like most forex brokers, offers many trading options and a variety of financial products. Axiory is licensed as a foreign exchange broker, which is the key difference.
Everyone will have a different opinion on the best forex broker in Australia. However, everyone must consider a few things when choosing where to trade.
You might consider how much money you are willing to invest, how frequently you wish to trade, what products you would like to trade, and how much.
The rest of the process will be easy once you’ve found the best forex broker in Australia. Our search tool at the top of the page is the best way to begin your search for the best low-spread forex broker in Australia.
You can search through our list of top 10 low spread forex brokers in Australia to find the right broker.
Watch the video below to know the best lowest spread forex broker in Australia:
- I am a professional article and e-book writer with 4 years of experience, I write on well research content on cryptocurrency, stocks, loans and finances.