Top Australian Forex Trading Sites
Oanda is considered the best forex broker in Australia and is perfect for newcomers. It has an easy-to-use web trading platform and competitive spreads on its forex trades. It also offers a wide range of forex pairs and educational videos. The downside is that it charges a high bank withdrawal fee. You may find these advantages too good to pass up. If you’re looking for a low-cost, high-tech forex broker, look no further than Plus500.
Pepperstone is an all-in-one broker, offering nine different deposit and withdrawal options. They have the lowest spreads on the EUR/USD pair at 1.15 pips. Their platform also has great education tools, like webinars and Autochartist. Pepperstone also recently added social trading services, which are very useful for newcomers to the forex market. But regardless of the benefits, it is important to remember that there is no one best forex broker. It is important to find a site that suits your personal needs and is regulated by your country’s financial authorities.
If you’re looking for the best Australian forex trading site, you’ve come to the right place. ThinkMarkets is the best option for Australians because it charges an $8 flat fee for each trade and 0.05% for foreign exchange and CFD financing. The platform is easy to use, and eToro doesn’t require a minimum deposit. You’ll be able to get started in forex trading quickly and enjoy the best trading experience with ThinkMarkets.
Amscot offers a range of services that can help you learn the ins and outs of trading. The website includes a trading guide for newcomers, as well as advanced charting tools and a stock filter tool. Amscot also offers below-average commissions with its IRESSTrader platform, which requires a paid subscription. You can perform research on stocks and make trades through the web or desktop platform.
Plus500 is another top Australian forex broker. The company was established in 2007, with head offices in the UK and Cyprus. It is regulated by the Australian Securities and Investments Commission and is headquartered in Cyprus and the UK. It also offers investors a range of currency pairs, cryptocurrency CFDs and cryptocurrencies, making it a great choice for people from all over the world. However, it is not the only Australian broker that offers competitive spreads.
There are plenty of Forex brokers in Australia. All of them offer well-packaged products, and are ASIC-regulated. As such, Australian Forex brokers are regulated by ASIC and offer the best protection to their customers. ASIC security is the main reason behind the numerous trading options in Australia, including binary options, CFDs, ECN trades, and more. It is important to find a trusted and reputable broker, as each one of these sites have unique requirements.
ASIC monitors the conduct of brokers. ASIC can issue harsh penalties and bans to brokers that fail to follow regulations. ASIC does not get involved in disputes between brokers and their clients. It encourages the use of arbitration and the courts of law. ASIC may also suspend the regulatory license of a company if it discovers financial irregularities. In such cases, it may initiate an investigation and issue detailed notices to investors.
The business-friendly attitude of the Australian government has helped brokers and brokerages set up in the country. ASIC is committed to the welfare of investors and has a money-saving program. ASIC encourages informed decision-making by its members. In the financial market, the spreads determine whether or not a broker can attract new clients. For example, low spreads mean that it can’t compete with the highest price.
Plus500 is the most popular Australian forex trading site. It has a wide range of CFDs and spreads vary depending on the market. The company must be a registered professional trader in order to open an account. ASIC-regulated brokers are much more reliable and less risky. They must have a strong customer support team and offer good service. If they are not licensed, ASIC has no jurisdiction. ASIC has the authority to investigate complaints about the broker.