Every forex trader needs a platform. Without one, you won’t be able to connect to the forex market to start trading. If you search for forex trading platforms, you’ll likely come across a variety. However, the problem you can face is determining which platforms are regulated and trustworthy over the others.
We made a list of the best five online trading platforms for Australian traders. The following list is of regulated and trusted brokers and platforms that can help you make the most of your forex trading. Take a look at these forex trading Australia reviews to pick the best one for you.
FP Markets is considered one of the best overall platforms in 2020. It is licensed and authorized by ASIC and CySEC, both showing this is a trusted platform. They have years of experience serving clients worldwide. FP Markets has many features going for it, but some of the best include investing in innovation and ECN electronic bridges for powerful trading technology.
You can rest assured that this is a safe broker, and it has its headquarters in Sydney, Australia. It uses some of the leading technology in the industry for fast speeds and low spreads.
If you’re a beginner trader that is still learning, then AvaTrade will be the platform for you. It was named one of the best platforms for beginners in 2020. AvaTrade is authorized by multiple authorities, including ASIC.
Regardless of your knowledge, this platform is sophisticated with its trading solutions and offers excellent customer support with live chat. One downfall, though, is that phone support is not available every hour of the day. So, as a beginner trader, your best bet is to work within their support hours.
Pepperstone is known for having the lowest spreads for forex trading. Another fully authorized broker and trading platform, the great thing about having the lowest spread are that you have the lowest difference between the asking and bidding price. That eventually means more money in your account.
It doesn’t stop there as Pepperstone receives numerous awards in client satisfaction, platform reliability, ease of use and overall value. It’s a good platform with a solid reputation.
If you’re looking for a globally recognized broker that is fully compliant with competitive spreads, GO Markets may be the one for you. It is a long-standing platform with its main headquarters in Australia.
GO Markets offers learning and research tools alongside their top customer support for those looking to further their knowledge in forex trading. You can also use leverage with this platform to potentially increase your gains while reducing your risks.
Lastly, let’s look at Alpari, which is another excellent and well-known brokerage platform. It is one of the top forex brokers with years of experience. It offers multiple trading opportunities, including Cryptocurrency trading, Binary Options and currency pairs.
Alpari takes all levels of traders seriously. By offering their Investment Academy’s education courses, beginner traders can thrive with this platform, while experienced ones can learn a few more tricks.
Ready to start forex trading? Look for true ECN brokers that are regulated and compliant in their country.