Forex trading is very popular in Australia, and more and more investors are trying to build a successful career in Forex trading. This is the reason to get a big list of Australian Forex brokers when you search for them on the internet. Growing demand and growing competition have led to a high number of Forex broking agencies in Australia. If you are a serious FX trader and looking for the best Forex broker Australia to carry on your trading, XFR Financial Ltd will definitely help you to find one.
Criteria XFR Financial Ltd Gives to select the best Forex broker Australia
For the purpose to find the best Forex broker Australia we have prepared a list of factors here which have been considered while selecting them.
Local Regulation– One of the most important thing in the selection of a good FX broker is the regulation by local authorities. In Australia, the main local regulatory authority for FX brokers is ASIC, which stands for Australian Securities and Investments Commission. It is responsible for regulation of the financial services in Australia. All the brokers listed in the next section are all regulated by ASIC.
Website and trading platforms availability– It is important that all the Forex brokers you select should have a trading website and trading platform that you can use for online trading. All the brokers in the list here have a website and trading platform.
High customer service quality– It is important when you want to choose the best Forex broker Australia. Email and phone response time should be good, and prompt response should be given to every customer who contacts the customer service. All the brokers listed here have good customer service quality that is desired by every trader when he needs it.
Local Australian trading instruments– XFR Financial Ltd says that it should also be checked that local trading instruments from Australia are offered by the brokers. The brokers listed here offer local instruments to the traders.
Local Paying options– Australian Forex traders need local paying options, and the selected broker should have all the options available to them. The convenient deposit and withdrawal options should be provided by the broker of your choice. These include credit cards, PayPal, bank wire, checks and more. The brokers listed here carry all these deposit and withdrawal options.
List of reputed Forex brokers in Australia
eToro– It is a good FX broker for the beginners and intermediate traders in Australia. The broker offers an innovative feature called Openbook which is a social platform for all traders.
AVATrade- This is one of the biggest Forex brokers in the world. They have a good presence in the Australian market. This broker has a great platform for FX trading along with great customer services and promotional offers.
Plus500– This is a well know CFD service in Australia but also allows access to Forex trading and others.
Xtrade – This FX broker allows you to trade with 47 pairs of Forex currencies and also offers CFD trading platforms and other ways of financial trading. Visit XFR Financial Ltd site to find out more.
The list given here is not limited to the brokers given here only, and you can also select your best Forex broker Australia depending upon your Forex requirements and judgment criteria.