Find the Right Broker
for the Way You Trade

All brokers reviewed on this page hold a valid Australian Financial Services Licence (AFSL) issued by ASIC — Australia’s primary financial regulator. You can verify any broker’s licence on the ASIC Connect register at search.asic.gov.au. Key protections under ASIC regulation include: client fund segregation (your money is held separately from the broker’s operating capital), negative balance protection (you can’t lose more than your account balance), and access to AFCA for dispute resolution.

A raw spread account offers the tightest possible spreads direct from liquidity providers (sometimes as low as 0.0 pips on EUR/USD), but charges a separate per-trade commission — typically A$3–3.50 per side per standard lot. A standard account has no commission, but the spread is wider (usually 0.8–1.2 pips on EUR/USD) to cover the broker’s costs. For active traders who execute many trades, the raw account is usually cheaper overall. For lower-volume traders, the standard account can be simpler.

Our review scores and rankings are based entirely on our independent live-account testing — no broker pays to be ranked higher. We do receive affiliate commissions when readers open accounts via our links, which is how we fund our testing. We disclose all affiliate relationships clearly. Brokers cannot buy a higher score or suppress a negative review. If we find a significant problem — such as slow support, a regulatory issue, or poor execution — we include it in our review regardless of commercial relationship.

For active forex and CFD traders, FP Markets has the lowest all-in commission at A$3.00 per side per lot (A$6.00 round-turn), marginally cheaper than Pepperstone on cTrader (also A$3.00/side) and IC Markets (A$3.50/side on MT4/MT5). For share investing, IG Markets introduced zero-commission on US and Australian shares in January 2026, making it the most competitive for share trading. For beginners who want a simple spread-only account with no commission, Pepperstone’s Standard account or IG’s CFD account are solid choices.

We review and update broker scores at least quarterly. Spread data is updated monthly using live measurements. When a significant event occurs — such as a regulatory change, a fee update, a platform addition or a notable user complaint trend — we update the relevant review immediately. Each review page shows its last-updated date. The comparison table on this page reflects conditions as of April 2026.