Forex is one of many different platforms in which people can engage in foreign exchange trade. Recently, Forex has become popular in different parts of the world, including Australia. Understandably, markets for Forex brokers are very high. As a trader, you might be confused about which broker to choose. So, in this article, we will give you three recommendations for the best forex broker Australia 2022.
CMC Markets is a trading company founded in 1989. Years of experience make the company one of the most prominent Forex brokers in the world. One of the primary advantages of CMC Markets is the wide range of assets. These assets include indices, cryptocurrencies, Treasuries, Commodities, and Forex. Regulated by the UK Financial Conduct Authority (FCA), the company is one of the most secure Forex brokers on the planet.
On top of that, CMC Markets also supports the ASIC’s regulation, making it the top Forex broker in Australia. What makes CMC Market the best Forex broker Australia 2022 is partially due to their risk management program. On top of that, their trading platform is also supported by impressive customer service. While it has some disadvantages, CMC Markets is very suitable for beginners and experts in Forex trading.
Plus500 is a UK-registered trading company based in London. The company became one of the active trading companies in 2008, relatively new to the world of Forex trading. However, don’t let the age dissuade you, Plus500 allows traders to trade more than 2000 financial assets, including currency pairs, CFD on commodities, metals, stocks, indices, and cryptocurrencies.
Like CMC Markets, Plus500 is also regulated by the UK Financial Conduct Authority. One of the most underlying advantages of Plus500 is its accessibility. With the broker, you can monitor and engage in a Forex trade using various devices, including mobile phones, tablets, or laptops. On top of that, their user interface is also supported by 31 languages.
AvaTrade trading company was founded in Dublin, Ireland. Established in 2006, the company has expanded exponentially over the years. This can be seen from the spread of the AvaTrade office which can be found in 150 countries. Currently, AvaTrade has over 200,000 active registered users and is capable of processing over 2 million trade transactions per month.
In Australia, the broker was regulated by the Australian Securities and Investment Commission. Some Forex broker reviews indicated that AvaTrade offers a lot of advantages for its users. Some of them are a wide range of trading instruments, 24/7 customer service, a wide selection of trading platforms, and the ability to trade via mobile device. Not only that, but AvaTrade also offers webinars and training materials for beginners.
For those reasons, AvaTrade is one of the best trading platforms for beginners and experts.
So, that’s some of the best Forex brokers Australia 2022. There are several things that made all of those companies thrive in the Forex trading industry. Two of which are excellent customer service and accessibility. So, if you’re a beginner in Forex trading, consider choosing a broker who has the best customer service and the highest level of accessibility.