The Australian Securities and Investment Commission (ASIC) is widely recognized as one of the world’s top-tier financial regulators. Investors can rest assured that the best ASIC regulated forex brokers are under close scrutiny and follow all best practices to protect customer funds.

In this guide, we’ll review the 10 top rated ASIC forex brokers for 2022. We’ll explore what makes each brokerage stand out for traders and explain how to choose the right brokerage platform. Read on to start trading forex today.

80.61% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

Best ASIC Regulated Forex Trading Platforms Reviewed

Now that we’ve covered our full ASIC regulated brokers list, it’s time to take a deeper dive into each of these best forex brokers. We’ll cover everything from account types to trading fees to analysis platforms to help traders find the best ASIC regulated forex broker for their needs.

1. Capital.com – Overall Best ASIC Broker with 138 Forex Pairs

Capital.com is our #1-rated ASIC forex broker for 2022. Capital.com does a lot right as far as forex trading is concerned, starting with offering an incredible 138 currency pairs to trade. That’s nearly double the number of trading pairs offered by the other ASIC forex brokers we reviewed.

Capital.com allows traders to apply leverage up to 33:1 on major currency pairs and only requires a $20 minimum deposit to open an account. Those features together make this brokerage very suitable for first-time forex traders.

In addition, Capital.com offers spreads starting from just 0.6 pips with no commissions on forex trades. While these aren’t the lowest spreads available from ASIC regulated brokers, they’re close – and certainly below the market average spread among competing brokers.

Capital.com doesn’t offer MetaTrader 4 or 5, but it does have its own proprietary trading platform that most traders will love. Capital.com’s platform offers in-depth technical charting tools and dozens of indicators, plus price alerts and position tracking features. Capital.com also offers access to TradingView for forex traders who want to build their own custom indicators.

Another thing we like about Capital.com is that it offers tons of features beyond the trading platform. Traders have access to educational courses which is a great way to learn what forex trading is all about, a forex market news feed, an economic calendar, and more. All of these features come in handy as traders are trying to time the market. Capital.com also offers a free demo account that new traders can use to test out the platform.

Check out our full Capital.com review for more details.

What We Like:

80.61% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

2. eToro – Top Rated ASIC Forex Broker with Copy Trading

eToro is another top ASIC regulated forex broker with a lot of features to offer traders. The brokerage supports trading on most major and minor currency pairs with spreads starting from 0.9 pips. Like Capital.com, eToro never charges a commission for forex CFD trades. New traders can get started with as little as a $10 minimum deposit.

eToro is one of the best ASIC regulated copy trading platforms in the world. With copy trading, users can automatically copy the moves of more experienced forex traders. So, it’s relatively easy to actively trade the forex market without spending all day staring at charts. Users can see a trader’s performance and recent trades when deciding whether to copy. The minimum investment for copy trading is $200 per trader.

eToro has numerous other features, including a custom technical charting platform and a market news feed. The trading platform is available on mobile as well, making it easy for forex traders to stay engaged with the market on the go.

Check out our full eToro review for more details.

What We Like:

Your capital is at risk. 78% of retail investor accounts lose money when trading CFDs with this provider.

3. AvaTrade – Best MetaTrader 5 ASIC Broker

AvaTrade is our top pick for forex traders who want to use MetaTrader 5 while trading with an ASIC regulated forex company. AvaTrade offers both MetaTrader 4 and 5 alongside its own proprietary trading platform. AvaTrade also offers platforms for copy trading and vanilla forex options trading including a PAMM trading account, making this brokerage very flexible for traders who want to approach currency trading from several directions.

This MetaTrader 5 broker offers 55 currency pairs with spreads starting from 0.9 pips and no commissions. Leverage is available up to 400:1, making this brokerage a good option for high leverage forex trading. Forex options are limited to major currency pairs and a few popular minor pairs.

Traders also have access to an economic calendar and daily market analysis. However, AvaTrade doesn’t give traders a full market news feed or access to automated charting tools like Autochartist.

What We Like:

4. Pepperstone – Top ASIC Regulated Forex Company for New Traders

Pepperstone is a capable forex brokerage that offers more than 60 currency pairs with spreads starting from just 0.6 pips. It’s a strong contender for beginner forex traders because it offers simple pricing, tons of educational resources, and a variety of different trading platforms.

At Pepperstone, traders can choose from MetaTrader 4 or 5, cTrader, TradingView, or Capitalise.ai to trade. All of these platforms have their own advantages, and traders are free to try out more than one. Pepperstone also offers daily market analysis and access to Autochartist for automated technical charting. In addition, Pepperstone’s customer support team is available 24/7 by phone and email.

One thing to keep in mind at Pepperstone is that the trading platform users choose will determine their fees. Pepperstone charges a combination of spreads and commissions. The pricing is a little more confusing than at other ASIC regulated forex brokers, but fees are generally below the industry average.

Check out our full Pepperstone review for more details.

What We Like:

5. Admiral Markets – Lowest Spread ASIC Forex Broker

Admiral Markets is one of the top ASIC regulated forex brokers for low trading fees. At this brokerage, standard accounts come with spreads starting from just 0.5 pips. ECN trading accounts come with spreads from 0 pips and commissions from just $1.8 per lot. Traders will be hard-pressed to find low spread forex brokers that can match these fees.

The drawback to Admiral Markets is that this brokerage only offers trading on 45 currency pairs. However, this won’t be a problem for the majority of traders focused on major and popular minor pairs anyway. Retail traders can apply leverage up to 30:1 and all accounts come with negative balance protection.

Admiral Markets offers access to MetaTrader 4 and 5 as well as a custom forex trading app for trading on iOS and Android devices. Traders also get daily market analysis, an economic calendar, and a global market news feed. In addition, Admiral Markets offers 24/7 customer support by phone, WhatsApp, and email.

What We Like:

6. Oanda – Best ASIC Forex Broker for Trading Bonuses

Oanda offers a variety of bonuses for new and loyal forex traders that can add up to a significant amount of money. First, new traders can qualify for a $5,000 welcome bonus when they open an account and deposit $50,000. For traders with less capital, there’s a $500 bonus for depositing $500.

After that, traders can earn up to a $15 rebate per $1 million in volume traded. Oanda has multiple volume-based loyalty tiers with varying rebate offers.

There’s lots more to Oanda than just bonus cash, of course. This ASIC forex broker offers trading on 70+ currency pairs with spreads starting from 1.2 pips. Traders can apply leverage up to 50:1 and access top trading platforms like MetaTrader 4 and TradingView. Oanda also has its own powerful trading platform for web, desktop, and mobile.

Oanda also gives traders access to daily technical analysis, a market news feed, an economic calendar, and more.

What We Like:

7. IC Markets – Best ECN Forex Broker with ASIC Regulation

IC Markets is a popular ASIC regulated forex broker with an attractive ECN trading account. Traders with this ECN broker can take advantage of spreads starting from 0 pips and flat commissions of $3.50 per lot per side. Major forex pairs trade with leverage up to 500:1 and orders are executed in milliseconds.

IC Markets offers trading on more than 60 major and minor forex pairs. Traders have access to MetaTrader 4 and 5, as well as cTrader for building automated forex trading strategies. IC Markets also offers integrations for ZuluTrade and Myfxbook, plus has its own mobile app for forex trading on the go.

This forex broker offers 24/7 customer support and has helpful educational guides for new traders. IC Markets also offers a market analysis blog, an economic calendar, and a forex calculator. The minimum deposit to get started is $200, but traders can test out IC Markets using a free demo account as well.

What We Like:

8. Eightcap – Top Trading Tools for Forex Trading

Eightcap is another one of the top ASIC regulated forex brokers for 2022. This brokerage offers trading on 40+ major and minor forex pairs with spreads starting from just 1.0 pips. The platform also offers ECN trading accounts with spreads from 0 pips.

Eightcap stands out for its excellent selection of trading tools, especially for automated trading. The brokerage supports popular trading platforms like MetaTrader 4, MetaTrader 5, and Capitalise.ai, the latter of which is designed to build no-code trading automations. Eightcap also offers access to The Amazing Trader, an algorithmic charting platform, as well as a virtual private server (VPS) for forex trading.

Traders can try out Eightcap through a free demo account. The brokerage offers 24/7 customer support by phone, email, and live chat, and it only takes a $100 deposit to open an account.

What We Like:

9. IG – Best ASIC Broker for Forex Trading Signals

IG is one of the world’s most popular forex brokers and it brings a lot of features to bear for forex trading. To start, IG offers its own proprietary trading platform, ProRealTime, that easily matches the capabilities of platforms like MetaTrader 5. It’s packed with technical analysis tools and customization options. Of course, IG also offers traders access to MetaTrader 4 for forex trading.

IG supports trading on more than 80 forex pairs with spreads starting from 0.8 pips. Leverage is available up to 50:1 and high volume traders can qualify for monthly rebates.

One of the most noteworthy features of IG is its forex signals service. The platform issues automatic alerts about setups for the forex trading pairs a user selects, ensuring that no opportunity goes unnoticed. IG can also issue fundamental alerts for things like economic releases. All alerts are available on IG’s mobile app in addition to web and desktop platforms.

What We Like:

10. XM – ASIC Forex Broker with Advanced Research Tools

XM is another ASIC regulated forex broker with a lot to offer traders. This brokerage supports trading on more than 55 currency pairs with spreads starting from 1.6 pips. XM also has ECN trading accounts with zero spreads.

XM offers traders access to MetaTrader 4 and MetaTrader 5 to trade forex. Both platforms include web, desktop, and mobile apps, although XM doesn’t have its own trading platform or app. To help traders, XM offers daily forex trade ideas, market analysis, weekly trading webinars, an economic calendar, a forex calculator, and more. The selection of research tools is quite outstanding.

XM offers 24/5 customer support by phone, email, and live chat. It only takes a $5 deposit to open a new account. Plus, XM charges no fees for deposits or withdrawals to the platform.

What We Like:

Top ASIC Regulated Forex Trading Platforms Compared

Want to know how the best ASIC regulated forex brokers compare head to head? The table below shows how our top rated brokers stack up in terms of forex offerings, pricing, and features.

How We Select the Best ASIC Regulated Forex Brokers

There are a lot of factors to consider when choosing the best ASIC regulated forex brokers. Traders need to think about everything from what forex pairs are available to pricing to analysis tools.

Here, we’ll break down some of the key features we considered in our ASIC broker reviews.

Regulation

ASIC brokers are regulated by the Australian Securities and Investments Commission, one of the most widely trusted financial regulators in the world. Many are also regulated by authorities in other countries, giving traders even more certainty that they can trust their forex brokerage. For example, some of the top ASIC brokers are also among the best CySEC forex brokers.

Range of Forex Pairs

The number of forex pairs that each broker offers can differ widely. Some offer only major and popular minor pairs, while others, like Capital.com, offer a huge selection of exotic pairs. In general, having more forex pairs available to trade is a good thing for traders because it gives them more trading opportunities.

Fees

Most ASIC regulated forex brokers charge spreads, commissions, or a combination of both. We look for brokers that charge spreads far below the industry average on major forex pairs. Here are the minimum spreads our top rated brokers charge for their standard (non-ECN) forex trading accounts:

Analysis Tools

The best ASIC regulated brokers for forex offer access to a wide variety of trading platforms, including popular platforms like MetaTrader 4 and MetaTrader 5. Some also offer their own custom trading platforms, which can be easier for new forex traders to use. We also look for analysis tools like automated charting or no-code strategy automation.

Minimum Deposit

Most ASIC regulated forex brokers require low minimum deposits to make it easier for traders to join. Some have no minimum deposit, and only a few require an initial deposit of more than $100.

Demo Account

The vast majority of ASIC regulated forex brokers offer free demo accounts so traders can test out their platforms. These demo accounts are also important for testing out new trading strategies safely. Look for demo accounts that can be reset at any time.

Mobile App

Most forex traders want the ability to trade on the go, so having access to a mobile forex trading app is important. Thankfully, MetaTrader 4 and 5 both come with mobile apps, and many ASIC regulated brokers offer their own mobile apps to make trading on the go as simple as possible.

How to Start Trading Forex with a ASIC Regulated Broker

Ready to start trading with the best ASIC forex broker in 2022? We’ll walk traders through how to begin trading currencies with Capital.com in a few simple steps.

Step 1: Sign Up for Capital.com

Head to Capital.com and click Trade Now. Enter an email address and password to create a new trading account. Then enter details including a trader’s name, address, and phone number. Traders also have the option to sign up for Capital.com with their Google, Facebook, or Apple logins.

Step 2: Deposit Funds

Make a deposit of at least $20 to fund the new trading account. Capital.com accepts a wide variety of payment methods, including bank transfer, credit card, debit card, PayPal, Apple Pay, Google Pay, Neteller, Skrill, Sofort, Ideal, and GiroPay. There are no deposit fees at Capital.com

Step 3: Trade Forex

Now it’s time to start trading forex with Capital.com. Head to the broker’s custom trading platform and search for the forex pair to trade. Click Trade to open a new order form, then enter the size of the trade to open. When the trade is ready, click Buy.

Traders can track open trades from the Positions window in the trading platform.

Conclusion

ASIC is one of the world’s foremost financial regulators, so traders can feel confident they’re protected when using one of the best ASIC regulated forex brokers.

Capital.com stands out as the best ASIC broker for 2022 because of its huge selection of forex pairs, low spreads, and top-notch trading tools. Open a Capital.com account today to start trading currencies.

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