Utilise the demo trading accounts offered by many CFD and Forex brokers. Finally, standard accounts with Australian Forex brokers trend towards no more than AUD 100. This price is actually lower than the $100 average around the world.
It’s worth noting that although bank transfers are widely used, and considered very safe - that deposit can take up to 3 business days to reach your account. By now you probably have a good idea about what your own forex trading goals might be, and what strategies and software may or may not work for you. To clear the CFD Trading Australia mist, forex robots were created to trade automatically - meaning traders can take a back seat. The EA is programmed to operate 24/7 and doesn’t need to learn to read various charts, or even sleep. To summarize the essence of swing trading - it allows you to keep your position open for more than one day at a time.
Worldwide, days such as Easter and Christmas lead to all currency markets closing. Normally when there is a national USA bank holiday, the worldwide currency markets that do trade do so at lower levels. IG Markets is well-renowned as offering one of the widest range of markets across the industry, with over 17,000 tradeable instruments available, making it the ultimate forex broker. This includes their two proprietary platforms , the full MetaTrader suite, and the popular social trading platforms, ZuluTrade, and DupliTrade . The eToro trading platform is available as a web trader, which is where the platform really shines.

On top of dozens of currency pairs, you can also invest in traditional stocks, cryptocurrencies, and thousand of CFDs. Crucially, eToro is our top pick for those of you with little experience in online trading. You can open an account in less than five minutes, and it takes just seconds to deposit funds. ThinkMarkets also operates a cryptocurrency exchange, offering nine cryptocurrency trading options.
The time frame on these positions is usually in the region of minutes, or hours, if that. Therefore, the spread will always feature when you are trading currencies via your ASIC broker. We are going to run through everything you need to know when forex trading in Australia in this comprehensive beginner’s guide.

Open a demo account to try our features, or open a live account to start trading in minutes. The forex markets exist as spot markets, as well as derivatives markets, offering forwards, futures, options, and currency swaps. Founded in 2002 as Poland's first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. The company went public in 2007, listing on the Warsaw Stock Exchange under the ticker symbol XTB, and it was rebranded as XTB Online Trading in 2009.
It should also be noted that high-volume traders can access a free VPS offer to enhance their execution speeds and improve their trading. The Virtual Private Server used by Global Prime is Beeks VPS, ForexVPS and New York City Servers. In forex trading, the “spread” refers to the difference between the buying price and the selling price of a currency pair. It’s essentially the cost of trading that the forex broker charges for providing their services. Futures trading comes with risk, though it’s worth it if you’re ready. If you think you have what it takes, and you’re ready to start another chapter with your trading abilities, check out our top trading platforms that specialize in futures, seeing what you can do.

By following these steps, you can get started with a zero spread forex broker and start taking advantage of the benefits of lower trading costs and improved trading results. Remember, successful trading requires discipline, patience, and a well-planned strategy, so take the time to educate yourself and develop a sound trading plan before you start trading. It’s essential to carefully review the terms and conditions of a zero spread broker before opening an account and starting to trade. However, it's important to remember that Forex trading is risky, and you should only trade with money you can afford to lose. Always check whether your chosen broker offers negative balance protection before you start trading.
Australia is widely regarded as a stable economy with a mature and reliable political system. The financial institutions in the country play an active role in regulating the exchanges, making it a trusted destination for investors. When selecting an Australian broker, opting for one with a good reputation and a professional approach is crucial.
This makes FP Markets a solid high-leverage broker for Australian traders looking to diversify their portfolios. The Raw Spread account charges different commissions based on which platform you choose. With MT4 or MT5, you will pay AUD 7 round-turn whereas with cTrader you will pay USD 6 round-turn . Like most ECN-style accounts, spreads start as low as 0 pips with Raw Spread.

ANZ investment accounts allow you to monitor your balance and transfer funds to or from other ANZ accounts. However, ANZ’s mobile app does not allow you to view technical charts or place trades. Then you have the Copy Trader tool, which allows you to copy another eToro trade. You can choose from thousands of verified active traders and active investors based on their historical performance and preferred strategy. When it comes to the safety of your funds, eToro is authorized and regulated by ASIC.
Futures markets operate extended hours as well, making it more available to Aussie investors. When investors purchase an option, they are not obligated to do anything. All parties involved in the purchasing or trading of assets do not have to act if they choose not to, which makes them very different from futures.

This can be leveraged to improve your understanding of the markets and their current trades, without needing to develop a deep understanding of them, which is excellent for the retail client. The only significant drawback of the broker is that accounts with it can be rather pricy. They start from AUD 200, which is twice what the average Forex broker in Australia charges, and many times more what firms like FBS do.
We are one of the leading online trading resources in Australia to find a retail foreign exchange broker & the products they offer. Depending on the subscription level you choose, FX brokers can present their offerings in a unique and highly visible way compared to any other online broker directory. The online trading platform should be simple, convenient and comfortable for you to use. Overall, AvaTrade is considered a low-risk trading platform and can be summarised as a trustworthy forex broker. Yes, non-Australian residents can trade with forex brokers in Australia. However, non-Australian residents may need to meet certain requirements and provide additional documentation to open an account with forex brokers in Australia.