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Asia-Pacific desk · 2026 edition

Best ASIC-regulated forex brokers in Australia (2026)

Eleven retail forex providers holding an Australian Financial Services Licence (AFSL) from ASIC and serving Australian retail clients in 2026. Each entry is linked to the ASIC Professional Register entry for the licensed entity. Retail leverage is capped at 30:1 by ASIC Product Intervention Order 2021 — the same framework as ESMA in the EU.

Why ASIC matters for Australian retail FX

  • AFSL is mandatory. Any entity dealing in over-the-counter derivatives with Australian retail clients must hold an Australian Financial Services Licence covering Class A dealing.
  • Retail leverage capped at 30:1.Under the ASIC Product Intervention Order (April 2021), retail clients face the same 30:1 (major FX) / 20:1 / 5:1 cascade as ESMA. Professional clients can request higher leverage subject to the broker's qualification.
  • Negative-balance protection is mandated for retail. Mandatory standardised PDS (Product Disclosure Statement) and target-market determination per client cohort.
  • Excluded: brokers operating in Australia under wholesale/professional-only exemptions, and offshore entities soliciting Australian retail without an AFSL. Both are outside our editorial scope.

The licensed entities

  1. 1. Pepperstone

    AFSL 414530
    Legal entity
    Pepperstone Group Limited
    ASIC AFSL
    414530 ↗
    Founded
    2010
    Headquartered
    Melbourne
    Platforms
    MetaTrader 4, MetaTrader 5, cTrader, TradingView
    Notes
    ASIC AFSL holder with parallel BaFin, FCA and CySEC entities. Active retail-FX presence in Australia since 2010. ESMA-style retail leverage cap of 30:1 enforced by ASIC Product Intervention Order 2021.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  2. 2. IG Markets Australia

    AFSL 515106
    Legal entity
    IG Markets Limited (Australia branch / IG Australia Pty Ltd)
    ASIC AFSL
    515106 ↗
    Founded
    2002
    Headquartered
    Melbourne
    Platforms
    IG web, MetaTrader 4, ProRealTime, L2 Dealer
    Notes
    Largest non-bank CFD provider in Australia by client funds. ASIC-licensed Australian arm of the IG Group. Retail leverage capped at 30:1.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  3. 3. CMC Markets Asia Pacific

    AFSL 238054
    Legal entity
    CMC Markets Asia Pacific Pty Ltd
    ASIC AFSL
    238054 ↗
    Founded
    1989
    Headquartered
    Sydney
    Platforms
    Next Generation, MetaTrader 4
    Notes
    Long-established CFD and spread-betting provider, also LSE-listed. ASIC-licensed since the early 1990s. Proprietary Next Generation platform with consistent retail-spread transparency.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  4. 4. Saxo Capital Markets Australia

    AFSL 280372
    Legal entity
    Saxo Capital Markets (Australia) Pty Ltd
    ASIC AFSL
    280372 ↗
    Founded
    2006
    Headquartered
    Sydney
    Platforms
    SaxoTraderGO, SaxoTraderPRO, API
    Notes
    Bank-grade infrastructure (Saxo Bank A/S parent). Multi-asset coverage in a single platform — FX, CFDs, bonds, ETFs, options.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  5. 5. OANDA Australia

    AFSL 412981
    Legal entity
    OANDA Australia Pty Ltd
    ASIC AFSL
    412981 ↗
    Founded
    2010
    Headquartered
    Sydney
    Platforms
    OANDA Trade, MetaTrader 4, TradingView
    Notes
    ASIC-licensed Australian arm of OANDA Global Corporation. Forex focus, established Australian retail presence. Fractional-unit FX, transparent published spreads.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  6. 6. Plus500 Australia

    AFSL 417727
    Legal entity
    Plus500AU Pty Ltd
    ASIC AFSL
    417727 ↗
    Founded
    2014
    Headquartered
    Sydney
    Platforms
    Plus500 WebTrader, Plus500 Mobile
    Notes
    ASIC-licensed Australian arm of LSE-listed Plus500 Group. Proprietary platform only, no MT4/5. Retail-focused CFD execution.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  7. 7. City Index Australia

    AFSL 345646
    Legal entity
    StoneX Financial Pty Ltd (City Index brand)
    ASIC AFSL
    345646 ↗
    Founded
    1983
    Headquartered
    Sydney
    Platforms
    AT Pro, MetaTrader 4, Web Trader
    Notes
    Australian arm of StoneX (NASDAQ: SNEX) operating under the City Index brand. ASIC AFSL with retail-FX coverage. Inherits the wider StoneX prime-of-prime liquidity infrastructure.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  8. 8. Eightcap

    AFSL 391441
    Legal entity
    Eightcap Pty Ltd
    ASIC AFSL
    391441 ↗
    Founded
    2009
    Headquartered
    Melbourne
    Platforms
    MetaTrader 4, MetaTrader 5, TradingView
    Notes
    ASIC AFSL holder. MT4/MT5 specialist with TradingView integration. Crypto CFDs offered on the institutional account types.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  9. 9. Axi (AxiTrader)

    AFSL 318232
    Legal entity
    AxiCorp Financial Services Pty Ltd
    ASIC AFSL
    318232 ↗
    Founded
    2007
    Headquartered
    Sydney
    Platforms
    MetaTrader 4, Axi Mobile, PsyQuation analytics
    Notes
    ASIC-licensed Sydney broker. MT4 specialist with proprietary trade analytics (PsyQuation). Established retail-FX brand.

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

  10. 10. AvaTrade Australia

    AFSL 406684
    Legal entity
    Ava Capital Markets Australia Pty Ltd
    ASIC AFSL
    406684 ↗
    Founded
    2006
    Headquartered
    Sydney (Australia branch)
    Platforms
    AvaTradeGO, MetaTrader 4, MetaTrader 5, WebTrader
    Notes
    ASIC-licensed Australian arm of Ava Capital Markets. Multi-platform CFD coverage including AvaProtect (broker-level loss-protection product).

    Also covered in our EU/UK review → (different legal entity, different leverage caps; the ASIC-licensed Australian arm is the relevant counterparty for Australian residents)

How this list is verified

We searched the ASIC Professional Register for AFSL holders authorised to deal in derivatives and foreign exchange contracts with retail clients in Australia. Each entry above carries the AFSL number we used to verify the entity. ASIC publishes amendments, suspensions and cancellations to the register publicly — if an entity moves, the register link will surface the change before our content does. Where the broker operates additional entities in the EU/UK, we link to our relevant /brokers review but the Australian AFSL is the relevant licence for Australian retail clients.

Risk disclosure

Trading CFDs and leveraged forex carries a high risk of losing money rapidly due to leverage. ASIC requires AFSL-licensed brokers to publish their retail loss-rate disclosures in PDS and target-market determinations. Consult each broker's PDS for current leverage caps and product-suitability conditions applicable to your circumstances.

This page is editorial. Sponsorship placement (if sold) is shown above the list with clear “Sponsored” disclosure and does not influence the ASIC-verified order or content of the list. See /editorial-standards/advertising.