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Best Brokers, Exchanges & Prop Firms in Australia (2026)

Fact-checked

Australia hosts one of the most active retail trading communities in the APAC region. Local traders benefit from a clear regulatory framework (ASIC) and strong consumer protection. Our Australian shortlist filters for brokers with a primary ASIC license (AFSL), AUD-base accounts, and OSKO / PayID instant funding.

Regulation in Australia

ASIC is the primary regulator for Australian retail forex and CFD brokers. ASIC imposed CFD leverage caps in March 2021: 1:30 majors, 1:20 minors/gold, 1:10 indices/commodities, 1:2 crypto CFDs. Negative-balance protection is mandatory. ASIC maintains a public licensee register.

Recognised regulators: ASIC · Currency: AUD

Forex Brokers Serving Australia

26 brokers accept Australia clients — sorted by overall score.

№1 Editor's pick

Vantage

8.8/10 Tested
  • Best for ASIC regulation
  • Best for Raw ECN spreads
  • Best for Copy trading
  • Best for MT4/MT5
Min deposit
$50
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FCA

№2 Editor's pick

AvaTrade

8.7/10 Tested
  • Best for Copy trading
  • Best for Canada residents
  • Best for Options trading
Min deposit
$100
Spread from
0.9 pips
Max leverage
1:400
Regulation
Central Bank of Ireland · ASIC

№4 Editor's pick

eToro

7.8/10
  • Best for Copy trading
  • Best for Stock and ETF investing
  • Best for Beginners
  • Best for EU and UK retail traders
Min deposit
$50
Spread from
1.0 pips
Max leverage
1:30
Regulation
FCA · CySEC

№9 Editor's pick

Saxo Bank

9.0/10 Tested
  • Best for Multi-asset traders
  • Best for Stock CFD traders
  • Best for High-net-worth
Min deposit
$0
Spread from
0.4 pips
Max leverage
1:200
Regulation
FSA Denmark (Finanstilsynet) · FCA

№12 Editor's pick

OANDA

8.7/10 Tested
  • Best for US traders
  • Best for TradingView users
  • Best for Long history
Min deposit
$0
Spread from
1.2 pips
Max leverage
1:200
Regulation
NFA · CFTC

№22 Editor's pick

Axi

8.1/10 Tested
  • Best for MT4 traders
  • Best for ECN scalping
  • Best for AI trade analytics
Min deposit
$0
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FCA

№25 Editor's pick

Deriv

7.8/10 Tested
  • Best for Synthetic index traders
  • Best for EU/EEA traders
  • Best for Beginners
Min deposit
$5
Spread from
0.6 pips
Max leverage
1:1000
Regulation
MFSA Malta · Labuan FSA

Crypto Exchanges Serving Australia

8 exchanges available to Australia residents — verified KYC + payment rails.

№2 Editor's pick

Binance

8.6/10 Tested
  • Best for Lowest spreads on majors
  • Best for Deepest liquidity
  • Best for Research depth
  • Best for Education quality
Min deposit
$0
Spread from
0.10%
Max leverage
1:125
Regulation
VARA Dubai · AMF France

№3 Editor's pick

Bybit

9.2/10 Tested
  • Best for Low fees
  • Best for Futures trading
  • Best for Fast withdrawals
  • Best for USDT pairs
Min deposit
$0
Spread from
0.00% / 0.08%
Max leverage
1:100
Regulation
VARA Dubai · CySEC Cyprus

№5 Editor's pick

Kraken

8.4/10 Tested
  • Best for US-based crypto traders
  • Best for Long-term holding with strong security
  • Best for SWIFT and SEPA fiat withdrawals
  • Best for Proof-of-Reserves transparency
Min deposit
$0
Spread from
0.16% / 0.26%
Max leverage
1:50
Regulation
FinCEN · FCA

№6 Editor's pick

MEXC

7.6/10 Tested
  • Best for Altcoin hunters
  • Best for No-KYC access (under $10K)
  • Best for Small-cap futures
  • Best for Zero maker fees
Min deposit
$0
Spread from
0.00% / 0.05%
Max leverage
1:200
Regulation
AUSTRAC · FIU Estonia (VASP)

№8 Editor's pick

KuCoin

7.4/10 Tested
  • Best for Altcoin breadth
  • Best for Low VIP fees
  • Best for Futures + spot in one
  • Best for Earn / staking
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:100
Regulation
FSA Seychelles (VASP) · AUSTRAC

Prop Firms Serving Australia

4 prop firms accept Australia-resident traders — challenge funding accounts.

№1 Editor's pick

FTMO

9.0/10 Tested
  • Best for Funded traders
  • Best for Forex prop
  • Best for Verified payouts
  • Best for Multiple firms
Min deposit
$155
Spread from
0.2 pips
Max leverage
1:100
Regulation
Offshore

Local payment methods

Rails our traders confirmed working for Australia deposits in 2025-2026.

  • OSKO / PayID (instant)
  • BPAY
  • POLi (legacy)
  • Bank wire AUD
  • Credit / debit card

Tax Note for Australia

Forex and CFD profits in Australia are typically classified as ordinary income (not capital gains) by the ATO since 2010, applied at the trader's marginal income tax rate. Crypto disposals are CGT events with a 50% discount if held >12 months. Consult an Australian tax accountant for active trading classification.

Risk warning: CFDs are complex instruments. 74-89% of retail accounts lose money. Affiliate disclosure: how we earn.