Top 10 MetaTrader 5 Brokers in Australia 2022

This post will be discussing in detail the MetaTrader 5 brokers in Australia, kindly read through for detailed information on MetaTrader 5 brokers in Australia.

Metatrader 5 is a popular Forex trading platform that succeeds the MetaTrader 4 trading version of the platform.

In Australia, there are several Forex brokers that offer the MetaTrader 5 platform.

These forex brokers listed below accept clients from Australia, and better yet, many are founded and also operate in the country.

All are ASIC regulated, which is the Australian Securities and Investments Commission.

MetaTrader 5 Brokers in Australia
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What is MetaTrader 5?

MetaTrader 5 or better known as (MT5), is a multi-asset trading platform by MetaQuotes; it allows trading forex, stocks, and futures.

Like most online trading platforms, MT5 enables traders to view charts, stream live prices, and also place orders with their broker.

MetaTrader 5 is a trading platform that will replace MT4 in the very near future. The back-testing functions are not only faster than that of MT4, but it also allows simultaneous multi-pair testing.

A similar graphical interface to MetaTrader 4 will help you get used to the platform quickly, while unique MetaTrader 5 integration with a centralized exchange allows traders to trade commodities and indices in addition to Forex.

Top 10 MetaTrader 5 Brokers List in Australia.

Below is the top MetaTrader 5 brokers list in Australia, and they include the following.

#1. IC Markets

IC Markets is one of MetaTrader 5 brokers in Australia regulated by ASIC (n. 335692), with a registered office in Sydney.

Australian customers won’t be required to make an IC Markets minimum deposit. This broker provides several base currencies for Australian traders, such as AUD, NZD, EUR, USD, GBP, JPY, and CAD.

Its spreads for Australian traders start from 0 pips on 60+ currency pairs. The maximum leverage on Forex is up to 30:1 for Australian retail traders and up to 500:1 for professional Australian traders.

#2. AvaTrade

AvaTrade broker in Australia is fully regulated by ASIC (n. 406684). Australian clients find a minimum AvaTrade deposit of 100 AUD.

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Australian clients of this broker can use AUD, GBP, USD, and EUR as base currencies. This broker charges fixed spreads from 0.9 pips for Australian clients on 60+ forex pairs.

The broker’s maximum leverage on Forex for Australian customers is up to 30:1 (retail) and up to 400:1 (professional).

#3. City Index

City Index is regulated by ASIC (n. 345646); Australian clients require to make a minimum deposit of 150 AUD.

The base currencies for Australian clients are AUD, USD, EUR, and GBP. Australian traders are charged spreads beginning from 0.5 pips on 55+ forex pairs by City Index.

The maximum leverage for Australian traders using this broker is up to 30:1 for retail clients and up to 300:1 for its professional clients.

Professional Australian clients have access to monthly cash rebates on Forex. There are three tiers.

The first one requires a minimum traded volume of $50m with a forex rebate of $4.50, and the last one needs a minimum traded volume of $300m with a forex rebate of $14.50.

#4. FP Markets

FP Markets forex broker is an Australian ASIC regulated (n. 286354), with a registered office in Sydney.

Australian FP Markets customers have to make a minimum deposit of 100 AUD. The base currencies that are available for Australian traders in this broker are AUD, USD, GBP, EUR, CAD, CHF, HKD, SGD, NZD, and JPY.

Australian clients of this broker also have access to IRESS accounts and platform; with a minimum deposit of 1,000 AUD, they can trade 10,000+ shares with a commission of 0.08percent per lot and a minimum cost of 0 AUD.

This broker spreads for Australian traders begin from 0 pips on 50+ currency pairs, and the maximum FP Markets leverage on Forex is up to 30:1 for Australian retail traders and 500:1 for Australian professional traders.

#5. Pepperstone

Pepperstone broker is an Australian ASIC regulated (n.414530), with a registered office in Melbourne.

The Australian customers won’t be required to make a Pepperstone minimum deposit.

Pepperstone broker base currencies available for Australian traders include AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD.

Pepperstone broker spreads for Australian traders start from 0 pips on 60+ forex currency pairs.

The maximum leverage on Forex is up to 30:1 (Pepperstone Australian Retail) and up to 500:1 (Pepperstone Australian Professional).

Australian high-volume clients and customers are able to apply for 1 of the three tiers of the Active Trader program.

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These are, as a member, one can earn discounts based on how many lots they trade per month.

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#6. Vantage

Vantage is a MetaTrader 5 brokers in Australia regulated by ASIC (n.428901), with its registered office in Sydney.

The minimum deposit is $200 for Australian clients. Australian clients of this broker find that AUD and USD are the account base currencies.

Australian traders find Vantage brokers spreads from 0 pips on 40+ forex pairs. The Vantage broker leverage available on Forex is up to 30:1 (retail) and up to 500:1 (professional).

#7. ThinkMarkets

ThinkMarkets is among the MetaTrader 5 brokers in Australia regulated by ASIC (n. 424700), having its registered office in Melbourne.

Its Australian traders find no minimum deposit to open a ThinkMarkets standard account ($500 for a ThinkZero account).

ThinkMarkets broker Australian traders’ base currencies are AUD, EUR, CHF, GBP, and USD. Its Australian customers have access to spreads from 0 pips on 40+ forex pairs.

The max. leverage is up to 30:1 for Australian retail customers and up to 500:1 for Australian professional clients.

#8. XCM

FXCM broker is regulated by ASIC (n. 309763), having a registered office in Sydney. Australian clients of this broker will have to make a minimum deposit of $50.

Its base currency for Australian traders is USD, but payments via POLi accept AUD base currency. The spreads for Australian clients begin from 0.9 pips on 39 currency pairs.

Australian retail leverage on Forex is up to 30:1, and the Australian professional leverage is up to 400:1.

Professional Australian traders have access to the FXCM Rebate Program, where you are paid a cash rebate depending on how much you trade on every asset. The mini. The notional volume requirement is USD 10 Million per month.

#9. EasyMarkets

Easymarkets broker is regulated by ASIC (n. 246566); the minimum deposit of this broker is 200 AUD for Australian clients.

Australian traders can pick among several easyMarkets base currencies, like AUD, USD, GBP, EUR, CAD, and NZD.

Australian traders find fixed spreads starting from 1.8 pips with an easyMarkets Standard account on 60+ currency pairs.

#10. CMC Markets

CMC markets is another MetaTrader 5 broker in Australia with an ASIC regulation (n. 238504), with a registered office in Sydney.

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Australian clients of this broker aren’t required to make any minimum deposit. AUD is supported as a base currency for Australian customers, as well as USD, EUR, NZD, CAD, NOK, and JPY.

CMC broker spreads start from 0.3 pips for Australian customers on 330+ forex pairs.

The CMC broker Australian clients find leverage on Forex up to 30:1 (retail) and up to 500:1 (professional).

Monthly CFD rebates are available in this broker for high-volume Australian traders. The total sum monthly CFD trade value for Forex to qualify for the rebate program is $25M.

Once this level is reached, a rebate of 5 percent, 10 percent, 15 percent, or 20 percent, depending on the tier you achieve, is available.

Some advantages of MetaTrader 5 include:

  • It provides traders with more access to CFDs, Stocks, Options, and futures
  • It Specializes in MetaTrader 5 ONLY indicators and EAs (expert advisors)
  • Market Depth data or DOM (depth of market)
  • It looks very similar to the mt4 platform
  • Economic calendar within the platform
  • It provides technical support from the developer

Certain expert advisors and also indicators may be specific to metatrader4 or MetaTrader 5. One platform version is not necessarily better than the other.

Both are fairly the same, and many would feel right at home when using any of them. Just like MetaTrader4, MetaTrader5 has a web-based version and is also present as a generic mobile application which can be downloaded from the Android and Google Play Store.

Was this article helpful? Kindly drop your view on the MetaTrader 5 brokers list in Australia outlined in this article.

Watch the video below to know the top MetaTrader 5 brokers in Australia:

MetaTrader 5 Brokers in Australia
MetaTrader 5 Brokers in Australia

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