The most powerful version is browser-based and includes all of IG’s best trading features. This includes Forex the full range of trading products, 28 indicators, 17 drawing tools and 4-time frames in a single chart.

It also does not take long to learn how to use most of the inbuilt functions. Their trading platform is easy to use on desktop or your mobile devices and has a nice range of deposit and withdrawal options that include e-wallet, bank transfers, and debit/credit cards. EToro is one of the cheapest Australian Forex trading dotbig testimonials platforms that allow you to trade the Forex market with leverage. Further down this page, we review the top Forex trading platforms for Australia, but before we do, here is a quick rundown of the best Forex platforms and brokers for Australia. Forex traders should be aware of the increased risk behind trading CFDs.

Our Pepperstone Broker Verdict

Don’t wait until you’re trying to withdraw your money before finding out that your forex platform doesn’t play by the rules. With the mission of placing “the world at your fingertips,” Saxo Bank offers 40,000+ different financial products and easily makes our list of top forex brokers. To help alleviate confusion from this plethora of choice, Saxo Bank also gives clients access to educational tools and informational products to enrich knowledge .

  • In this way you eliminate your exposure to the USD and are left with the performance of the two non-USD currencies.
  • EasyMarkets was the first forex broker to launch Deal Cancellation back in 2016.
  • The best forex trading platforms give you access to many order types.
  • This broker takes top spot for the lowest bid offer spreads; however, it has a lot to offer besides the tightest spreads in the market.
  • EToro provides a copy trading feature that is an industry-leading tool that lets you copy other professional trades and make money from the exact same trades they are making.
  • On a side note, notice that they also offer copy trading if you want to divert some of your funds to other profitable traders.

Being strongly regulated by ASIC in Australia makes the eToro platform a wise choice if you are looking to start currency trading in Australia. Once you have funds in your account you are ready to start making your first Forex trades.

A Selection Of The Best Forex Trading Platforms

The ThinkMarkets standard account type is a spread only account that does not charge flat-rate commission fees. This means that the forex broker makes their money primarily from the difference between the ‘ask’ and ‘sell’ price of any forex pair. The minimum spread is 0.4 pips and the average spread is 1.2 pips for commonly traded major forex pairs. If your trading account balance reaches $0, the online broker’s Negative Balance Protection policy will close all your open positions to ensure you do not end up with a negative balance. If negative balances occur because of high volatility in CFD and foreign exchange markets, the broker will pay you out any negative balance. Most forex brokers do not offer this feature, which gives you peace of mind when using the ThinkMarkets platform.

best forex trading platform

This Israeli-developed forex platform is hands down the best for social copy trading. Launched in 2007, eToro is today synonymous with social network trading. Such is their dominance in the marketplace that eToro is the first dotbig forex name that gets mentioned in any discussion about copying other traders’ moves. If you plan on trying your hand in the space, one of the most important moves you will make is choosing the right brokerage to work with.