Code, edit or simply install custom algorithms designed for a strategy that suits you. If your most important aspect of a forex broker is having a low minimum deposit and the ability to trade micro-lots, then Axi. Being one of our top-rated Australian ECN brokers for their low minimum deposit, you can choose one of several ways to fund your Axi. Bank Transfer — Same day for deposits coming from Australian bank accounts, next day for overseas accounts.
Each funding type has its delays and charges, often coming from the payment provider rather than from Axi. Check with each provider before making a deposit or withdrawal from your Axi. Sentiment indicator — Analyse market trends by getting a glimpse into Axi. Correlation trader — Take advantage of both positive and negative correlations with an easy-to-read matrix. New terminal window — An update to the dated MT4 terminal view where you can manage OCO orders, alerts, templates, and group functions.
Can you see the edge that this full suite of tools can give you? All you need is a funded no minimum deposit live account with Axi. If customer service is your most important aspect of choosing an Australian ECN broker, then Global Prime is worth your consideration.
When choosing to trade forex with Global Prime, experiencing their customer service advantage is more than just if you have an issue. The Global Prime customer support advantage comes from all facets of communication between broker and client. Institutional trading experience — Global Prime offers the same liquidity and execution to their prime of prime clients, that they offer their retail clients. There is total transparency in all executions.
Trade execution — Global Prime is the only Australian ECN forex broker to offer trade receipts on every single order executed by their liquidity providers. This is a service, unrivalled in Australia. Sourced liquidity — All ECN prices are sourced from a variety of tier 1 and regional banks to ensure the best prices.
No longer do institutional clients need a Prime broker to access ECN prices. One final advantage of Global Prime ECN trade execution and transparency is the ability for clients to access deep liquidity pools and create resting and limit orders directly in the market themselves. Global Prime differentiates itself from other Australian forex brokers, by offering only one account. When you trade with Global Prime, you receive complete transparency.
This means absolutely no B-book model or market-making. With the help of the 14 proprietary trading tools, the Markets. Technical tools — provide customizable charting functions and a premium tool that helps you view the real-time correlation between multiple assets.
Fundamental tools — integrates market commentaries news by Thomson Reuters. This tool also provides alerts based on news events or technical events. Sentiment tools — includes 6 unique tools that measure the smart money buying and selling activities as well as Markets.
This can be particularly attractive because it ensures lower spreads, faster order speeds, and minimised slippages. Based on the statistics provided by Markets. Best features of IG Markets include:. FP Markets empowers the standard MT4 platform with a set of 12 unique trading tools. The Stealth Order features allow for automatically buying and selling orders, which is crucial to a scalper.
Other advanced functionalities of the MT4 Trader Toolbox includes the ability to set up alerts, a robust trading tool like the Sentiment Trader and Session Map and last but not least quality market research via the Trader Toolbox Connect tool. To give scalpers and day traders an all-around trading experience, FP Markets complements its trading tools with fast execution, no-requotes and low latency.
ThinkMarkets is worth your inspection as it provides an outstanding selection of quality educational resources and market research. Not all forex brokers are adapted to welcome beginner traders who require special trading features. However, ThinkMarkets offers beginner traders a wide range of educational materials and market research content to accommodate the needs of even the most demanding FX traders. Additional educational resources include a well-organized trading glossary library with a search function; trading guides on most popular technical indicators and chart patterns and downloadable Free eBooks.
ThinkMarkets also helps new traders with solid research and related resources. In-house analysts at ThinkMarkets cover all the latest market risk events both in writing and via interactive live webinars. Along with having rich educational resources, here are some additional key features of the ThinkMarkets ThinkZero Account:.
After having compared the best Australian ECN brokers above, you can see that each has aspects that make them stand out from the rest. When you make a final decision on the best forex or CFD broker for you, start trading by opening a demo account and going over each characteristic yourself, to see how it fits with your style.
You may also want to consider choosing a broker with negative balance protection as an additional risk management system. Broker reviews help find the best brokers, but only you can make the final decision. Disclaimer risk warning: Brokerages that provide financial services especially in CFD trading and derivatives incur a high level of risk for you as a trader. Make sure to always choose a broker that is regulated with your local authority for the best protection.
Learn more this here. Visit Site. Our Rating. Review Of Pepperstone. Review Of IC Markets. AxiTrader review. Review of IG Markets. Review Of ThinkMarkets. ASIC Australia. Raw Spread. Commissions USD Base. Minimum Deposit. Swap Free Account. No Inactivity Fees. Always start by making sure the ECN broker you have chosen, or are looking into, is fully licenced and regulated.
You will find that a lot of brokers actually register with more than one regulator, sometimes several. As such, this does come with an extra layer of security on your funds. As well as making sure your ECN broker is fully regulated, you should always double-check that it provides the right type of trading accounts and platforms for you.
At the end of the day, this is a personal preference and is going to depend on your style of trading. A few other things to consider are the accessibility of technical indicators, trading conditions, minimum deposit required, permitted payment methods, your preferred currency pairs, and of course — spreads. Realistically, like light and dark most good things come with negatives as well.
With this in mind, we have to inform you of some of the disadvantages that can go hand in hand with opening an account with an ECN broker. It really depends on how big those commissions are and what your trading budget is.
In other words, ECN brokers are likely not suitable for small trading stakes, as your potential profits will get eaten away by a flat commission fee. In order to open an account with an ECN broker, you will often find that platforms expect a higher deposit fee. This is down to the high service costs, and the fact that they allow you to communicate directly with liquidity providers. As liquidity providers can also have such high requirements and service costs, market participants can sometimes hold a position size of 10, currency units or a 0.
This includes CFDs in the form of stocks, commodities, and indices. This means that you will be accustomed to reasonably competitive fees, spreads, and commissions. With more than 90 forex pairs on offer, you will have access to a full selection of majors, minors, and exotics. You will be able to trade everything from forex, commodities, spot metals, and stocks — all in the form of CFDs. You will also have the option of using popular third-party platforms MT4 and MT5. This is ideal for those of you that require advanced chart reading and drawing tools, as well as the ability to deploy automated robots.
Negative balance protection if offered, and you can engage in both scalping and hedging without concern. Think Markets is an online broker that holds several regulatory licenses. This includes — including the FCA. This particular broker is popular with traders that want access to high leverage limits.
This stands at a whopping if you are a professional client. RoboForex is an online trading platform that offers ECN accounts.
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Pepperstone - Best Australian ECN/STP Broker. IC Markets - Lowest Spread ECN Forex Broker. FP Markets - Best ECN CFD Broker For Scalping.