The top MT4 brokers in AU
The best MT5 brokers in AU
The best TradingView brokers
The top cTrader brokers in AU
Trade on the go from your phone
Copy professional traders
Find a platform that works for you
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
83.14% of retail CFD accounts lose money | GBP 1 | STP, ECN/DMA | Commodities, Cryptocurrencies, Energies, Stock CFDs, Forex, Indices, Metals | 49 | 43 |
|
| Read Review | 83.14% | 1000:1 | 0.20 pips | Yes | Yes | ECN, STP | Yes | MT4, MT5 | Neteller, Skrill, Bank Transfer, Bitcoin, Visa, Mastercard | 6 USD / lot - ECN Account | ||||||||||
Hello Chris 68% of retail CFD accounts lose money | AUD 100 | Market Maker | Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals | 91 | 8 |
|
| Read Review | 68% | 200:1 | 0.70 pips | Yes | Yes | Commission, DMA Account, MT4, MT5, Standard | Yes | MT4, MT5, FOREX.com Web Trader, TradingView | Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal | 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 FOREX.com and Infinox, 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 FOREX.com holds four Tier 1 and no Tier 2 licences, and Infinox holds one Tier 1 and no Tier 2 licences.
Based on these findings, FOREX.com earned a higher trust rating than Infinox.
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 FOREX.com has overall lower trading costs than Infinox.
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 FOREX.com and Infinox 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 FOREX.com offers a greater range and depth of instruments to trade than Infinox. FOREX.com offers 91 Forex pairs to trade and Infinox offers 49 Forex pairs to trade.
In this case, Infinox offers 43 cryptocurrencies while FOREX.com offers 8 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Infinox.
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 both FOREX.com and Infinox charges a withdrawal fee. Overall, FOREX.com has better deposit and withdrawal processes than Infinox.
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.
FOREX.com has better educational support than Infinox. Both FOREX.com and Infinox 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 FOREX.com offers better research analysis than Infinox and that both FOREX.com and Infinox offer frequent webinars.
Forex.com does not onboard clients who are residents of Australia and New Zealand. CityIndex is the Australian sister company also owned by StoneX. Check out CityIndex as an alternative to Forex.com
Founded in 2001, Forex.com is a well-regulated broker with high minimum deposits and low fees that is more suited to serious beginners and more experienced traders. Beginners with low minimum deposits will be put off by the high trading costs on Forex.com's entry-level Standard and MT5 accounts. But experienced traders will be interested in the Commission and DMA accounts, with minimum deposits of 100 USD and 25,000 USD respectively. These accounts have some of the most competitive spreads (0.0 pips on the EUR/USD) combined with some of the lowest commissions in the industry.
Forex.com provides support for MT4, MT5, and its own trading platform and experienced traders will appreciate the range of trading tools on offer, including Autochartist, Trading Central, Trading View, SMART Signals, and subsidised VPS hosting.
Education and market analysis are both excellent and experienced traders will appreciate the wide range of tradable assets, including over 91 currency pairs, 4500 share CFDs, commodities, indices, precious metals, and cryptocurrencies.
Overall, Forex.com ticks all the boxes for those with higher minimum deposits looking for a wide range of assets to trade and a choice of trading platforms.
With two low-cost accounts, a good range of Forex pairs, excellent market analysis materials, and good trading tools, INFINOX is a decent all-around broker.
INFINOX offers traders the choice of a commission-free STP account or a commission-based ECN account, both with a minimum deposit of 1 GBP (or currency equivalent). Trading costs range between 8 - 9 USD per lot traded, much lower than average for the industry. Trading is available on both the MT4 and MT5 platforms, and INFINOX also offers a great social trading app, especially good for beginners starting their trading careers.
However, we were unhappy with the lack of transparency regarding deposits and withdrawals and were also disappointed by non-responsive customer support and INFINOX’s weak FAQ section.
This form has double opt in enabled. You will need to confirm your email address before being added to the list.