Forex marketing in Australia is very popular. National and international traders seek forex brokers based in Australia as the forex trading in this country is very active. However, trading forex in Australia is not an open market to all the forex brokers, but only those that are authorized by the ASIC. ASIC stands for the Australian Securities & Investment Commission and is regulator of financial markets in this country. To this end, finding the right forex broker and initiating the trading is not straightforward in Australia. After selecting your probable forex broker, you need to check the details of their ASIC registration. Based on Australian laws, this information should be public on the webpage of any forex broker. Once you got this information, you need to cross-match that with information on the official ASIC’s home page. This confirms if your chosen broker is regulated by ASIC or not. On the same page, more details of the forex broker’s business is also accessible only with a small fee. 

The top forex brokers in Australia

However, being regulated by the ASIC is not the only factor that you need to consider when selecting your forex broker in Australia. In this stage, you are also advised to check the duration of active business for the broker. In other words, the best brokers are those that are operating for a longer time. Research in this part might take some time, but the outcome is rewarding. The other point you need to pay attention to is the spreads. Check if the fees set by the broker are competitive with other active forex traders or not. Typical ranges for the top forex brokers are usually on major pairs of currency, like USD or EUR. You can find this information on the websites of forex brokers. 

Considering the crucial factors mentioned above, in the following, we are going to introduce three top forex brokers in Australia. 

The top forex brokers in Australia: IG

IG is a regulated forex broker and is trusted all around the world. This forex broker provides a complete list of products, research tools, competitive rates, and industry-leading education. The IG forex broker also offers excellent trading for which it has been named as “the best overall broker in 2020”. 

The top forex brokers in Australia

The top forex brokers in Australia: Plus500

The Plus500 is a forex broker that is famous mostly due to its user-friendly online platform. However, these platform lacks some of the essential tools for forex trading, such as educational resources and trading tools. To this end, the trusted Plus500 is not a good offer for experienced brokers in Australia. 

The top forex brokers in Australia: CMC Markets

CMC Markets is a forex trader, which is popular mostly due to its Next Generation trading platform. The platform provides access to innovative charting and tools necessary for trading. On the other hand, CMC Market is a regulated broker in the most important financial centers around the world, offering its customers all the services with reasonable pricing. 

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