MetaTrader 4
15 brokersBest for: Expert Advisors and custom indicators
The deepest library of EAs and indicators. Forex-first, hedging order system.
Read the MetaTrader 4 guideTrading Platforms for Australian Traders
19 ASIC-regulated brokers, which terminals they actually offer, and the leverage caps that apply no matter which one you choose.
Which platform fits your trading
MetaTrader 5
11 brokersBest for: Multi-asset trading from one terminal
Adds exchange-traded instruments, more timeframes and a built-in economic calendar.
Read the MetaTrader 5 guidecTrader
4 brokersBest for: Transparent ECN pricing and depth of market
Level II pricing and a cleaner order book view than MT4 or MT5.
Read the cTrader guideASIC-regulated brokers by platform score
| Broker | Platform score | Platforms | Min deposit | Review |
|---|---|---|---|---|
| Saxo Bank | 4.8/5 | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor | $2,000 | Read review |
| IC Markets | 4.7/5 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | $200 | Read review |
| IG | 4.6/5 | IG Trading Platform, MetaTrader 4, ProRealTime, L2 Dealer | $250 | Read review |
| Admiral Markets | 4.5/5 | MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition, StereoTrader | $100 | Read review |
| AvaTrade | 4.5/5 | MetaTrader 4, MetaTrader 5, AvaTradeGO, WebTrader, DupliTrade, ZuluTrade | $100 | Read review |
| City Index | 4.4/5 | City Index Platform, MetaTrader 4, TradingView | £100 | Read review |
| Vantage | 4.3/5 | MetaTrader 4, MetaTrader 5, ProTrader, TradingView | $50 | Read review |
| Eightcap | 4.3/5 | MetaTrader 4, MetaTrader 5, TradingView | $100 | Read review |
| XM | 4.3/5 | MetaTrader 4, MetaTrader 5, XM WebTrader, XM Mobile App | $5 | Read review |
| CMC Markets | 4.3/5 | CMC Next Generation, MetaTrader 4, TradingView, Mobile Apps | $0 | Read review |
| Axi | 4.2/5 | MetaTrader 4, MetaTrader 5, Axi Copy Trading | $0 | Read review |
| Interactive Brokers | 4.2/5 | Trader Workstation, IBKR Desktop, Client Portal, GlobalTrader | $0 | Read review |
| GO Markets | 4.2/5 | MetaTrader 4, MetaTrader 5, cTrader, GO WebTrader | $200 | Read review |
| Capital.com | 4/5 | Capital.com Platform, MetaTrader 4, TradingView, Mobile Apps | $20 | Read review |
| FP Markets | 4/5 | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress | $100 | Read review |
| eToro | 4/5 | eToro Platform, eToro Mobile App | $50 | Read review |
| Plus500 | 3.8/5 | Plus500 WebTrader, Plus500 Mobile App | $100 | Read review |
| easyMarkets | 3.8/5 | easyMarkets Platform, MetaTrader 4, MetaTrader 5, TradingView | $25 | Read review |
| Pepperstone | 3.8/5 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | $0 | Read review |
What changes when you trade from Australia
- The entity matters more than the platform. Check which ASIC-licensed company holds your account before you deposit. How ASIC regulation works.
- Leverage is capped by regulation, not by terminal. 30:1 on major pairs for retail clients, lower on everything else.
- Funding runs through Australian rails. PayID and local bank transfer are common; card deposits often attract a fee. See the country guide for the funding detail.
- Demo first. Every platform above is available on demo through the brokers listed.
Questions Australian traders ask
Which platform do most ASIC-regulated brokers offer?
MetaTrader 4 is the most common by count: 15 of the 19 ASIC-regulated brokers we track offer it. MetaTrader 5 is offered by 11, and cTrader by 4.
Does ASIC regulate the platform or the broker?
The broker. ASIC issues the licence (an AFSL) and sets the conduct and leverage rules. The platform is software the broker licenses, so the protections you get come from the entity holding your account, not from the terminal you trade on.
What leverage can I use on a retail account in Australia?
ASIC's product intervention order caps retail leverage at 30:1 on major forex pairs, 20:1 on minor pairs, 10:1 on commodities and major indices, 5:1 on shares and 2:1 on crypto. The cap applies to the account, so switching from MT4 to MT5 or cTrader does not change it.
Can I run Expert Advisors with an ASIC-regulated broker?
Yes where the broker supports them, which in practice means the MetaTrader terminals. Expert Advisors are a platform feature, and the ASIC leverage cap applies to trades they place exactly as it does to manual ones.
Australian trading guides
Trading in Australia
ASIC regulation, tax, funding and the full broker list in one place
Best forex brokers in Australia
Every ASIC-regulated broker, scored and compared side by side
All ASIC-regulated forex brokers
The full ranked list with spreads, platforms and funding methods
Best MT4 brokers in Australia
MetaTrader 4 brokers with EA support and VPS hosting
Best brokers for beginners
Low minimum deposits, demo accounts and real education
ASIC forex regulation explained
Leverage caps, client money rules, verification and complaints
Best forex broker in Australia
Our single top pick for Australian traders, and the reasoning behind it