Reviewed: The Best ASIC-Regulated Forex Brokers In 2022

In this post, we will look at the best ten ASIC forex brokers for 2022. We'll look at what makes each brokerage unique for traders and discuss how to choose the best brokerage platform. Continue reading to learn how to trade FX now.

Review of the Top ASIC-Regulated Forex Trading Platforms

After we've gone through our whole ASIC-regulated broker list, it's time to go further into each of these top forex brokers. To assist traders in finding the finest ASIC-regulated forex broker for their requirements, we'll examine everything from account kinds to trading costs to analysis tools.

Capital.com

For 2022, Capital.com is our top-rated ASIC forex broker. Capital.com does a lot of things right when it comes to forex trading, beginning with an astonishing 138 currency pairs to trade. This is approximately double the number of trading pairs provided by the other ASIC forex brokers we looked at.

Capital.com offers leverage of up to 33:1 on key currency pairings and needs just a $20 minimum deposit to create an account. These advantages, when combined, make this brokerage ideal for first-time forex traders.

eToro

eToro is yet another top ASIC-regulated forex broker that provides a plethora of tools to traders. Most major and minor currency pairings are available for trading, with spreads beginning at 0.9 pips. eToro, like Capital.com, never charges a commission on FX CFD trading. New traders may begin trading with as little as a $10 investment.

eToro is one of the world's greatest ASIC-regulated copy trading sites. Copy trading allows consumers to automatically replicate the actions of more experienced forex traders. As a result, actively trading the forex market without spending all day gazing at charts is pretty simple. When considering whether to replicate a trader, users may look at their performance and recent deals. The starting point for copy trading is $200 per trader.

AvaTrade

AvaTrade is our top recommendation for forex traders who wish to utilize MetaTrader 5 while dealing with an ASIC-regulated forex broker. AvaTrade provides MetaTrader 4 and 5 as well as its trading platform. AvaTrade also provides platforms for copy trading and vanilla forex options trading, as well as a PAMM trading account, making this brokerage very versatile for traders who wish to approach currency trading in a variety of ways.

Pepperstone

Pepperstone is a competent forex brokerage that provides over 60 currency pairings with spreads as low as 0.6 pips. It's a solid candidate for new forex traders since it provides straightforward pricing, a wealth of training materials, and a range of trading platforms.

Admiral Markets

Admiral Markets is a leading ASIC-regulated forex broker with cheap trading costs. Standard accounts at this brokerage have spread as low as 0.5 pips. ECN trading accounts with spreads as low as 0 pips and fees as low as $1.8 per lot. Traders will have a difficult time finding low-spread forex brokers that can match these costs.

Oanda

Oanda provides a number of incentives for new and loyal forex traders that may add up to a substantial sum of money. To begin, new traders who establish an account and deposit $50,000 are eligible for a $5,000 welcome incentive. There is a $500 incentive for depositing $500 for traders with less capital.

IC Markets

IC Markets is a well-known ASIC-regulated forex broker that offers an appealing ECN trading account. Traders using this ECN broker may benefit from spreads as low as 0 pips and flat costs of $3.50 per lot per side. Major currency pairings are traded with leverage of up to 500:1, and orders are processed in milliseconds.

Eightcap

Eightcap is another ASIC-regulated forex broker for 2022. This broker provides trading on 40+ main and minor currency pairs with spreads beginning at 1.0 pips. ECN trading accounts with spreads starting at 0 pips are also available on the platform.

IG

IG is one of the world's most prominent forex brokers, and it offers a wide range of tools for forex trading. To begin, IG provides its trading platform, ProRealTime, which readily rivals the capabilities of systems such as MetaTrader 5. It has a plethora of technical analysis tools and customization possibilities. Naturally, IG provides traders with access to MetaTrader 4 for FX trading.

XM

XM is another forex broker that is ASIC-regulated and has a lot to offer clients. This broker offers trading on over 55 currency pairs with spreads beginning at 1.6 pips. XM also offers ECN accounts with no spreads.

Regulation

The Australian Securities and Investments Commission, one of the world's most reputable financial authorities, regulates ASIC brokers. Many are also authorized by authorities in other countries, providing traders with further assurance that they may rely on their forex brokerage. Some of the finest ASIC brokers, for example, are also among the best CySEC forex brokers.

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