The top MT4 brokers in AU
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Broker Score | Risk Statement | Min. Deposit | Regulation | Trading Desk Type | Trading Instruments | Forex Pairs | Crypto Pairs | Pros | Cons | Regulation | Trading Conditions | Trading Platforms | Deposit & Withdrawal | Education & Research | Assets Available | Customer Service | % Lose with this broker | Leverage | Spread | Hedging | Scalping | Account Types | Islamic Account | Trading Platforms | Funding Methods | Trading Commission | ||
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76% of retail CFD accounts lose money | AUD 100 | STP | Bonds, Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices, Metals | 82 | 42 |
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| Read Review | 76% | 30:1 | 0 pips | Yes | Yes | Bet.MT5, Trade.MT4, Trade.MT5, Zero.MT4, Zero.MT5 | Yes | MT4, MT5, MT Supreme | Mastercard, Visa, Skrill, Bank Transfer, Klarna | 1.8 - 3 USD per lot | ||||||||||
84.01 of retail CFD accounts lose money | AUD 20 | Market Maker | Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices | 125 | 111 |
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| Read Review | 84.01% | 30:1 | 0.60 pips | Yes | Yes | Standard | No | MT4, TradingView, Capital.com | Bank Transfer, Visa, Mastercard, Apple Pay | Fees Included in Spread |
The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.
At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.
To compare Capital.com and Admirals, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.
Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.
In our comparison, we found that Capital.com holds three Tier 1 and no Tier 2 licences, and Admirals holds three Tier 1 and no Tier 2 licences.
Based on these findings, 0 earned a higher trust rating than 0.
Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged.
Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Capital.com has overall lower trading costs than Admirals.
Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms.
In this case, 0 offers support for and 0 offers support for .
Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both Admirals and Capital.com offer copy trading.
A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Capital.com offers a greater range and depth of instruments to trade than Admirals. Capital.com offers 125 Forex pairs to trade and Admirals offers 82 Forex pairs to trade.
In this case, Capital.com offers 111 cryptocurrencies while Admirals offers 42 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Capital.com.
Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals.
We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Admirals nor Capital.com charges a withdrawal fee. Overall, Capital.com has better deposit and withdrawal processes than Admirals.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
Admirals and Capital.com both have very good educational support. Both Admirals and Capital.com offer educational support for more experienced traders.
To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field.
We found that 0 offers better research analysis than 0 and that both Admirals and Capital.com offer frequent webinars.
Only available in Australia since September 2021, Capital.com’s low costs, huge range of instruments, and user-friendly trading platform have quickly made it one of the most popular Forex brokers around. Following our testing for this review, we’re happy to say that we like them too. Capital.com has obviously thought carefully about what traders want from their brokers and has successfully created a welcoming environment for beginners and professionals.
Capital.com offers one live commission-free account, with trading fees significantly lower than other brokers. Spreads average 0.6 pips on the EUR/USD, and no fees are charged for deposits, withdrawals, or inactive accounts. Capital.com also offers one of the widest ranges of instruments available, including over 138 Forex pairs and over 460 cryptocurrencies. All instruments are available on MT4 and Capital.com’s award-winning in-house platform and app. Customer support is available 24/7, and beginners will find that Capital.com’s education and market analysis are some of the best in the industry.
A trustworthy global online broker, Admirals is regulated by some top-tier authorities, including Australia's ASIC. It offers a range of low-cost accounts and has an excellent suite of trading tools. However, traders may be disappointed in the high currency conversion fees for accounts denominated in other currencies.
Admirals offers support for the MT4 and MT5 trading platforms in addition to Admirals’ sleek mobile app that is intuitive and easy to set up. It boasts excellent trading conditions on four live accounts, with spreads that start at 0.5 pips (EUR/USD) on its commission-free accounts, and commissions of 6 USD (round turn) on its Zero Accounts in exchange for spreads of 0.1 pips (EUR/USD), which is highly competitive.
Admirals offers trading on over 3200 CFDs and over 4000 stocks and is home to the MetaTrader Supreme Edition, a plugin that offers technical analysis on virtually every financial instrument.
Overall, with local ASIC regulation, some of the lowest trading fees in the industry, a huge choice of financial instruments, and excellent trading tools, Admirals will appeal to many Australian traders.
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