Best MT4 Brokers in Australia in 2025
MT4 remains Australia's favourite retail-FX platform, but the broker you trade through will determine your fees, leverage, and perhaps even more importantly, your investor protections. Here's your guide to the best high-leverage offshore brokers and ASIC-licensed firms in 2025.
Brokers we recommend
- Min. deposit: $100
- Platforms: MT4, MT5, TradingView, cTrader, Copy trading
- Regulators: Australia, Cyprus (EU), Kenya, Mauritius, South Africa, St. Vincent & the Grenadines
Head-quartered in Sydney and holding an Australian Financial Services Licence, FP Markets offers 1,000+ instruments on MT4/5, cTrader and TradingView. Retail clients get ASIC-capped leverage of 1:30, while professional or offshore accounts can reach 1:500. AUD trading accounts are available.
- Min. deposit: $50
- Platforms: MT4, MT5, Copy trading
- Regulators: Cook Islands
Registered in the Cook Islands, 4XC accepts Australian traders via its offshore entity and offers flexible leverage up to 1:500 across 49 FX pairs and precious metals. Choose between MT4, MT5, PAMM or social-copy accounts. Unlock daily AI-generated trade ideas from a US$ 500 balance.
- Min. deposit: $0
- Platforms: MT4
- Regulators: Cyprus (EU), Union of Comoros
An ECN broker regulated in Cyprus and the Comoros, FXCC delivers raw spreads from 0 pips plus a US$ 5/lot/side mark-up and leverage up to 1:500 across FX pairs, metals, oil and indices. MT4 is the sole platform. Fund your account in USD, EUR or GBP.
- Min. deposit: $50
- Platforms: MT4, MT5, cTrader, Copy trading
- Regulators: Cyprus (EU), St. Vincent & the Grenadines
Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your account's balance.
- Min. deposit: $100
- Platforms: MT4
- Regulators: Australia, Canada, Cyprus (EU), Mauritius, UK
Fortrade is a global broker, regulated in 5 jurisdictions. Trade over 550 instruments across all markets with up to 1:200 leverage. Its selection of North American and European stocks is a standout feature.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
| FP Markets | 4XC | FXCC | LiteFinance | Fortrade | |
|---|---|---|---|---|---|
| Overall | 4.8 | 4.1 | 4.0 | 3.9 | 3.7 |
| Markets | 5.0 | 3.8 | 4.0 | 4.0 | 5.0 |
| Trading environment | 4.9 | 4.4 | 4.2 | 4.4 | 4.0 |
| Deposits and withdrawals | 5.0 | 4.5 | 4.4 | 4.2 | 3.6 |
| Investor protection | 4.0 | 3.0 | 3.8 | 2.0 | 4.2 |
| Customer service | 5.0 | 4.7 | 3.8 | 4.7 | 1.8 |
| FP Markets | 4XC | FXCC | LiteFinance | Fortrade | |
|---|---|---|---|---|---|
| Forex (CFD) | |||||
| Cryptos (CFD)* | |||||
| Stocks (CFD) | |||||
| Indices (CFD) | |||||
| Metals (CFD) | |||||
| Energy (CFD) | |||||
| Commodities (CFD) | |||||
| ETFs (CFD) | |||||
| Bonds (CFD) |
* Availability is subject to local laws and regulations.
| FP Markets | 4XC | FXCC | LiteFinance | Fortrade | |
|---|---|---|---|---|---|
| MT4 | |||||
| MT5 | |||||
| cTrader | |||||
| Copy trading | |||||
| TradingView |
| FP Markets | 4XC | FXCC | LiteFinance | Fortrade | |
|---|---|---|---|---|---|
| Bank transfer | |||||
| Credit card | |||||
| Debit card | |||||
| BTC (Bitcoin) | |||||
| NETELLER * | |||||
| Skrill * | |||||
| USDT (Tether) | |||||
| Broker to broker transfer |
* Availability is subject to local laws and regulations.
| FP Markets | 4XC | FXCC | LiteFinance | Fortrade | |
|---|---|---|---|---|---|
| Australia | |||||
| Canada | |||||
| Cook Islands | |||||
| Cyprus (EU) | |||||
| Kenya | |||||
| Mauritius | |||||
| South Africa | |||||
| St. Vincent & the Grenadines | |||||
| UK | |||||
| Union of Comoros |
Australian investor protections
As a retail trader in Australia, you can choose between a broker regulated by ASIC and an offshore broker that accepts Australian residents.
Under ASIC's CFD product-intervention order, retail leverage is capped at 30:1 on major FX, margin calls must trigger a 50 % close-out, and negative-balance protection is mandatory. Unlike the UK's FSCS, Australia has no government-backed investor compensation scheme, although client money must be held in segregated trust accounts and disputes can be taken to the Australian Financial Complaints Authority (AFCA).
Only FP Markets and AvaTrade hold an AFSL and therefore apply the safeguards above. FxPro, 4XC and FXCC service Australians through offshore entities: you'll still enjoy segregated accounts and negative balance protection, but no access to a compensation fund in the event of bankruptcy.
Different fee structures
If you're new to Forex trading, you might find fee structures somewhat confusing. They generally fall into one of the following categories:
- Fixed-spread market maker: AvaTrade runs a single account with spreads that rarely move (e.g., AUD/USD stands around 0.9 pips). Predictable spreads tend to appeal to beginners who value certainty over cost.
- Variable spreads + commission: FP Markets' Raw account charges $3 per lot per side with spreads as low as 0 pips (averaging 0.3 pips for the AUD/USD currency pair).
- Raw spreads: Others may allow you to trade on raw spreads and commission, with no spread mark-up, usually conditional on a large deposit.
Choose the pricing structure best aligned to your trading style: low are variable spreads tend to work best for scalpers and high-frequency traders, whereas fixed spreads tend to work better for day traders or beginners.
Account funding methods
Hidden FX fees will eat into your profits when your account is denominated in a currency other than the Aussie dollar. Three of the five brokers reviewed in this guide let Australians open AUD-denominated trading accounts:
| AUD account | Other base currencies | |
|---|---|---|
| FPMarkets.com | ✔︎ | 12 others, inc. BRL, EUR, GBP, USD |
| AvaTrade.com | ✔︎ | CHF, EUR, GBP, USD |
| FxPro.com | ✔︎ | 12 others, inc. CHF, EUR, USD |
| 4xc.com | ✘ | USD, GBP, EUR, BRL only |
| FXCC.com | ✘ | USD, EUR, GBP only |
All of the brokers reviewed in this guide accept Australian bank transfers or cards. FP Markets, FxPro and 4XC go further by supporting PayPal and/or crypto for instant funding.
Execution speeds and servers
Latency turns tight spreads into slippage. FP Markets covers the cost a New York VPS for high-volume clients who deposit at least US$ 1,000, while FxPro hosts its MT4/5 servers in London's Equinix LD4. If milliseconds matter to you, test each broker's demo from Australia connection before funding a live account.
Conclusion
If ASIC protection is top-of-mind, open a starter account with FPMarkets.com (variable/raw) or AvaTrade.com (fixed spreads). For razor-thin spreads or 1:500 leverage, consider FxPro.com, 4XC or FXCC instead. And if you're unsure, why not run two small live accounts in parallel for a month to see which broker's blend of pricing, execution and service feels right before you scale up?
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About the author
I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person.