News

Taper Nervous Breakdown

The next time the Fed reduces its bond purchase program the market reaction should be more like a nervous breakdown… Continued

Markets end 2020 in “risk on” mode

Macroeconomic/ geopolitical developments Trump finally signed the $900 billion COVID relief bill, a relief for markets.The EU-UK trade deal finally… Continued

US Dollar ends 2020 still very weak!

Major reversal on EuroPound Breaks upUS Dollar-CAD fails at major resistanceKiwi support rises Continued

Currency Converter

Top Brokers in Australia, all regulated by ASIC

Broker Pros Features  
Founded: 2006 Reg: Central...
HQ: Ireland...
4.9/5
97/100

- Regulated by ASIC.
- 20% New Member Bonus.
- Global regulated broker across 5 continents within 6 jurisdictions
- Superior trading conditions for short selling/scalping
- Ultra low spreads with fast and reliable order execution
- Wide range of educational materials
- Innovative trading mobile apps  (AvaTradeGo, AvaOptions, AvaSocial)

Min. Deposit: $100
Pairs Offered: 45+
Leverage: EU - Up to 30:1, Professional Client/ROW up to 400:1
Withdrawal Process Time: 1-2 business days.
Trust Score: 97/100
Founded: 2010 Reg: ASIC, F...
HQ: Austral...
4.6/5
91/100

- Regulated by ASIC
- Segregated client funds in tier 1 banks.
- Awarding-winning client support from our team 24/5.
- Low latency, fast execution in under 30ms.
- Get consistently competitive spreads and low commissions from 0.0 pips.

Min. Deposit: $200
Pairs Offered: 180
Leverage: Up to 1:500
Withdrawal Process Time: 12-24 hours
Trust Score: 91/100
Founded: 2007 Reg: FCA, Cy...
HQ: UK, Cyp...
4.6/5
91/100

- Regulated by ASIC
- Fast withdrawal
- Real Cryptos, Stocks
- 2000+ assets
- Copytrading
- Social Trading
- PayPal deposits possible
- One Stop Shop

Min. Deposit: $50
Pairs Offered: 47
Leverage: 1:400
Withdrawal Process Time: Max 2 working days
Trust Score: 91/100
Founded: 2008 Reg: Plus500...
HQ: Israel...
4.7/5
94/100

- Regulated by ASIC
- Advanced risk management tools
- 24/7 online support.
- 2000+ instruments.
- 30+ languages.
- All devices.
- 0 commissions.
- Tight spreads.

Min. Deposit: $100
Pairs Offered: 70+
Leverage: 1:30
Withdrawal Process Time: 1-3 Business Days
Trust Score: 94/100
Founded: 2011 Reg: FCA, Cy...
HQ: Cyprus...
4.5/5
90/100

- Well Regulated.
- PAMM accounts.
- Tight spreads.
- Quick withdrawals.
- Low min. deposit.

Min. Deposit: $5
Leverage: Up to 1:30 for EU (unless pro) / Up to 1:1000 for non EU
Withdrawal Process Time: Same business day
Trust Score: 90/100
Founded: 2008 Reg: FCA, AS...
HQ: Cyprus...
4.6/5
92/100

- Regulated by ASIC
- Beginner Friendly
- Well established
- Leverage up to 1:300

Min. Deposit: $250
Pairs Offered: 2,000+ assets, including forex, indices, commodities, shares and cryptos
Leverage: Up to 1:300
Withdrawal Process Time: 2-8 days
Trust Score: 92/100

What is FX Explained Australia and why are you here?

  • Are you from Australia and interested in Forex Trading and just do not know where to start?
  • Do you have questions about the legality of forex trading in Australia?
  • Are you currently trading and struggling, finding it difficult to achieve consistent profits?
  • Do you not fully understand some of the language being used on other FX or Trading websites?
  • Are you having difficulty choosing the best broker in Australia?

FX Explained Australia is here to help and guide you. Forex explained in an easy way!

We have a passion for Financial Markets and for helping those trying to find their way in the complicated world of Currency Trading and Investing.

Originally we successfully helped UK traders and now we aim to help traders from Australia as well. Today it is legal to trade forex in Australia as long as you pay income tax on your gains (profits minus losses). And, needless to say, you need to abide by all financial laws and not be involved in money laundering. Laws and regulations have been set in place by the Australian Securities and Investments Commission (ASIC). ASIC’s basic role is to enforce and regulate company and financial services laws, in order to protect Australian consumers, investors, and creditors. ASIC is one of the genuinely stronger regulatory bodies out there together with FCA and CySEC. Brokers, regulated by ASIC, will have to treat their traders fairly. All gains that Australian traders make need to be declared to the Australian Tax Office (ATO).

Whether you are a complete novice, or seasoned veteran, we believe that our high level of fx expertise and knowledge about Australia, combined with a simple approach will help you to develop confidently in this sometimes difficult world of forex trading.

We aim to:

  • Be a guide for you in how FX Trading works for traders in Australia.
  • Offer trading tools that you can use in your everyday trading.
  • Provide a comprehensive knowledge base that you can draw on.
  • Help you decide who you should trade with and pick the best broker to trade with when you are from Australia.
  • Provide timely updates on important FX developments (via email).

We welcome all traders from Australia to join the global FX Explained community to help you become better traders! We don’t show you how to trade, we help you to become a Trader!

Who are we? Read More Articles

Please comment below

Your email address will not be published. Required fields are marked *