Welcome! This site exists to help you find a Forex broker that is right for you. Whether you are already an established trader looking to find a better broker, or a beginner looking to get started, we are here to help you in your trading journey.

There are a lot of claims made by brokers these days, some of them true, some false, and unfortunately for the uninitiated, it is hard to distinguish the good from bad. Here at forex-brokers.com.au the only brokers you will read about are those with a good track record and those that we have personally had dealings with and found to be trustworthy. Unlike other comparisons you have no doubt seen, we look beyond mere quoted statistics of the brokers and look at the qualitative differences.

The number of Forex brokers has increased substantially in the past decade, and the competition has brought down the cost of trading significantly. Whilst this is definitely a good thing for traders, the end result is a marketplace where many brokers make false claims or literally run illegal operations as they feel this is the only way to compete. The most prevalent occurrence of false claims or at least deceptive practice relates to the advertisement of spreads. We have heard many stories and personally experienced situations where brokers claim to have say a 2, or 3 pip spread on a currency pair, only to find that they rarely, if ever, provide this small a spread on the pair. In addition, many brokers will stop quoting, or provide ridiculously high spreads when a pair is moving quickly, significantly negatively impacting upon your trading performance. Moral of the story, don’t believe everything you read and don’t place too much emphasis on spread prices when selecting a broker; consistency and execution is far more important.

So what is important in a broker?

Transparency in pricing – Forex trading is a tough enough game when dealing with legitimate price movements, however some brokers see fit to manipulate prices which leads to your positions being stopped out and unnecessary losses. You would think that it would only be tiny operations where this occurs, however major Forex brokers have been found guilty of this. A recent example of a broker with a huge presence and client base offending is FXCM, follow this link if you would like to read more.

Live help desk – It is important to know that there is someone that you can speak to if you need a manual trade executed, or need help with another aspect of your trading. Many large online brokers make verbal contact a last resort and it can be difficult to get onto someone to deal with your issues. When prices move around like they do in this market you can’t afford to wait for an email response to your issues.

Quality trading platform – Ideally you want an online platform to allow you to trade from different locations, or as a backup in case your main pc fails. Additionally, a good platform will make it easy to set and move stop losses, provide a quality data feed and allow you to easily manipulate charts; all contributing to more efficient and profitable trading.