Which broker is the best for Australia

I am from Australia and looking for an honest broker with low spreads.
Can anyone make a recommendation please ?

I’ve heard how many brokers stop hunt and take out your order to steal your profits.
Forexpeacearmy is putting Global prime at the top.

I’ve read good reports about FP markets. Anyone using them ?

Thank you

or

https://blueberrymarkets.com/

Both FP markets, Pepperstone and IC markets are regulated brokers and their MT5 platforms are great. I trade all three live…

I would advise you to compare these three standard accounts against one another, and choose one that offers the best spread and the largest number of CFDs that you’re likely to trade.

BTW, blueberry markets platform set up is not up to date and numbers of CFDs are less than the above. Pity, really, as they have good intentions and great customer support.

Ok noted thanks. I noticed you say MT5. Do you think MT5 is better than MT4 ?
If so, why do you think the MT5 platform is better ?
Is it true what they say about how with MT5 the broker can’t see your stops ? But with the MT4
platform they can and therefore trade against you.

MT4 is outdated; but for many traders it’s used for EA trades. The MT5 platform offers more TF’s and updated indicators. Also useful is you can see your trade entry and exit arrows on the charts.

Only unregulated brokers would attempt to act fraudently. None of the above fall into that category.

True, MetaQuotes stopped developing MetaTrader4 ages ago, by now it is quite outdated. That said, it was still one of the best platforms in existence, so no wonder so many people are still fond it, myself included. I’m yet to move onto MetaTrader5. :sweat_smile:

So I’m not sure about any specific brokers located in Australia, but I have an account with CedarFX and they accept clients from across the globe. I opened an account there a little over a year ago and have been trading with no issues and received 4 or 5 withdrawals within that time. They have a 0 commission account with low spreads like you asked about (starting around 0.5 pips on EURUSD) and the minimum to open an account is just $10 USD.
I know there are a lot of choices out there, but I do think they have some of the best conditions and I’ve compared a lot of them. Hope this helps!