Funding in Aus: why the local method matters

A broker that accepts Aus by a local method takes the currency conversion out of the deposit and usually out of the withdrawal too. Where it does not, every deposit and every withdrawal pays a conversion, and that cost never appears in a spread table.

The method also sets the speed. A local bank transfer or instant EFT settles in hours; a card refund to a foreign acquirer and an international wire are measured in days, and the delay lands on the withdrawal, which is when it is felt.

The ten below publish a local funding method for Australia.

How brokers take money in Australia (46 of 76)

42Bank transfer

38Cards

17E-wallets

5Crypto

4PayPal

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (28 of 76 counts · 64 brokers onboarding Australian residents)

28of 76

qualify for this ranking

37% of 76

27of 28

scored on all six axes

96% of 28

73of 76

publish a price

96% of 76

42of 76

publish a leverage figure for this country

55% of 76

Top 3 (of 3 ranked)

1Fusion Markets4.63highest score of the three · cheapest priced of the three · locally licensed 2IC Markets4.61locally licensed · withdrawal in 24 h 3Global Prime4.55locally licensed · withdrawal in 2 h

Funding in Aus: why the local method matters (28 of 76)

By slice score, formula v1.0. · 28 of 64 brokers in this ranking · all 28

#	Broker	Round turn, USDAU	Min deposit, USDAU	Leverage	Withdrawal, hAU	Score	Execution	Founded	Funding
1	Fusion Markets	4.8	0	30AU	1	4.63	ECN/raw + standard	2017	2 methods · local
2	IC Markets	7	200 group	30AU	24	4.61	ECN/raw + standard	2007	3 methods · local
3	Global Prime	7	0	500AU	2	4.55	ECN/raw + standard	2010	2 methods · local
4	AvaTrade	8	100	—stated, not verified	24	4.54	Standard	2006	3 methods · local
5	Forex.com	12	—	—stated, not verified	—	4.51	Standard	2001	2 methods · local
6	GO Markets	6	—	30AU	24	4.47	ECN/raw + standard	2006	4 methods · local
7	Hantec Markets	2	—	—stated, not verified	48	4.42	ECN/raw + standard	1990	3 methods · local
8	Mitrade	6	—	30AU	24	4.42	Standard	2011	2 methods · local
9	Axi	7	0	30AU	24	4.4	ECN/raw + standard	2007	2 methods · local
10	FP Markets	7	—	500AU	72	4.33	ECN/raw + standard	2005	3 methods · local
11	Vantage	5	50	—stated, not verified	72	4.29	ECN/raw + standard	2009	4 methods · local
12	Admirals	6	—	30AU	24	4.19	ECN/raw + standard	2001	3 methods · local
13	XM	7	8 AUD	30AU	24	4.14	ECN/raw + standard	2009	2 methods · local
14	eToro	10	—	—stated, not verified	48	4.01	Standard	2007	1 methods · local
15	Plus500	6	—	30AU	72	3.97	Standard	2008	2 methods · local
16	Moneta Markets	6	—	1000AU	72	3.97	ECN/raw + standard	2018	2 methods · local
17	VT Markets	6	100	500 groupAU	72	3.96	ECN/raw + standard	2015	3 methods · local
18	LiteFinance	5	—	1000AU	24	3.93	ECN/raw + standard	2005	3 methods · local
19	ATFX	7	—	30AU	72	3.87	ECN/raw + standard	2014	3 methods · local
20	FXOpen	1.5	—	500 groupAU	24	3.85	ECN/raw + standard	2005	2 methods · local
21	OANDA	6	—	—stated, not verified	120	3.79	ECN/raw + standard	1996	3 methods · local
22	Equiti	7	—	—stated, not verified	24	3.77	ECN/raw + standard	2014	2 methods · local
23	Headway	3	—	—stated, not verified	0.5	3.76	ECN/raw + standard	2023	3 methods · local
24	CMTrading	8	—	200 groupAU	24	3.69	ECN/raw + standard	2012	2 methods · local
25	Saxo Bank	9	—	—stated, not verified	24	3.67	Standard	1992	2 methods · local
26	Milton Prime	—	300 group	500AU	24	3.56	—	2015	2 methods · local
27	BDSwiss	5	10 group	2000AU	24	3.37	ECN/raw + standard	2012	3 methods · local
28	Fortrade	20	—	30AU	120	2.96	Standard	2013	3 methods · local

Ten are shown; the button opens the rest.

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

Plus500 publishes a retail leverage of 1:30 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

The ten above illustrate the term. Brokers with local payment methods in Australia lists every broker that qualifies, with the figure each one publishes.

Identical for every row, so it is stated once: Who onboards Local · ASIC · Swap-free fee none, no limit · AUD account Yes.

1. Fusion Markets — highest score of the three · cheapest priced of the three · locally licensed (score 4.63)

Round turn: 4.8 USD
Withdrawal: under 1 hour; up to 1 business day
AUD account: AUD, USD, EUR
Leverage: 30AU
Accepts residents: yes
Onboarding entity: FMGP Trading Group Pty Ltd
Founded: 2017
Group leverage: uncleargroup
Instruments: Forex, CFDs, shares
Platforms: MT5cTraderWebTradingView
Funding: Cards and bank transfer
Not served: Afghanistan, Democratic Republic of Congo, Republic of Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Palestine, Russia, Spain, Somalia, Sudan, Syria, Ukraine, Yemen, United States, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, US Minor Outlying Islands, US Virgin Islands

Reviews25%85
Round-turn cost20%100
Safety
Payouts15%99
Track record10%45
Platforms70

Why it ranks here

Round turn 4.8 USD against the slice median 6 USD. strongest axis round-turn cost 100 of 100. total score 4.63.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of Fusion Markets

2. IC Markets — locally licensed · withdrawal in 24 h (score 4.61)

Round turn: 7 USD
Withdrawal: within 1 working day (and typically 3-5 business days for bank transfers to be credited)
AUD account: AUD USD EUR
Leverage: 30AU
Accepts residents: yes
Onboarding entity: IC Markets Australia Pty Ltd
Founded: 2007
Group leverage: unclear
Instruments: Forex shares indices crypto
Platforms: MT5MT4Web
Funding: Domestic transfer cards PayPal
Not served: United States of America, Canada, New Zealand, Iran, North Korea (Democratic People's Republic of Korea)

Why it ranks here

Round turn 7 USD against the slice median 6 USD. strongest axis track record 95 of 100. total score 4.61.

Watch for

Min deposit 200 USD, double the Australia median of 50; withdrawal time not published.

Full review of IC Markets

3. Global Prime — locally licensed · withdrawal in 2 h (score 4.55)

Round turn: 7 USD
AUD account: AUD USD GBP EUR CAD SGD JPY
Leverage: 500AU
Licence: 385620
Accepts residents: yes
Onboarding entity: FMGP Trading Group Pty Ltd
Founded: 2010
Group leverage: uncleargroup
Instruments: Forex CFDs and more
Platforms: MT5WebMobile
Funding: Bank wire and card
Not served: United States, Ontario (Canada), Japan, New Zealand, North Korea, Iran, Iraq, Syria, Russia, Ukraine, Yemen

Why it ranks here

Round turn 7 USD against the slice median 6 USD. strongest axis payouts 98 of 100. total score 4.55.

Watch for

Onboards Australian residents through an offshore entity: no ASIC licence, no ASIC complaints route, no AUD account.

Full review of Global Prime

What the data shows(28 of 76 distributions · 64 brokers)

Swap-free availability (28 of 76 brokers)

Offered30Not offered14

Admin fee after the free period (28 of 76 swap-free)

Never16After 3–30 days9not published5

Who onboards Australian residents (28 of 76 brokers)

Local ASIC entity20Offshore entity24

AUD account (28 of 76 brokers)

Yes16No23not published5

Minimum deposit, USD (23 of 76 · median 20 USD)

16<100

5100-200

1200-300

1300-400

0400+

Full list(28 of 76)

1Fusion Markets4.63
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
4.8
Min deposit, USD
0
Leverage
30AU
AUD
Yes
2IC Markets4.61
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
200 group
Leverage
30AU
AUD
Yes
3Global Prime4.55
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0
Leverage
500AU
AUD
Yes
4AvaTrade4.54
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
AUD
Yes
5Forex.com4.51
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
12
AUD
Yes
6GO Markets4.47
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Leverage
30AU
AUD
Yes
7Hantec Markets4.42
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
2
AUD
Yes
8Mitrade4.42
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Leverage
30AU
AUD
Yes
9Axi4.4
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0
Leverage
30AU
AUD
Yes
10FP Markets4.33
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
Leverage
500AU
AUD
Yes
11Vantage4.29
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
50
AUD
Yes
12Admirals4.19
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Leverage
30AU
AUD
Yes
13XM4.14
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
8 AUD
Leverage
30AU
AUD
Yes
14eToro4.01
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
10
AUD
Yes
15Plus5003.97
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Leverage
30AU
AUD
Yes
16Moneta Markets3.97
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Leverage
1000AU
AUD
Yes
17VT Markets3.96
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100
Leverage
500 groupAU
AUD
Yes
18LiteFinance3.93
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
5
Leverage
1000AU
AUD
Yes
19ATFX3.87
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
Leverage
30AU
AUD
Yes
20FXOpen3.85
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
1.5
Leverage
500 groupAU
AUD
Yes
21OANDA3.79
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
AUD
Yes
22Equiti3.77
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
AUD
Yes
23Headway3.76
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
3
AUD
Yes
24CMTrading3.69
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
8
Leverage
200 groupAU
AUD
Yes
25Saxo Bank3.67
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
9
AUD
Yes
26Milton Prime3.56
Onboards
Local · ASIC
Swap-free
none, no limit
Min deposit, USD
300 group
Leverage
500AU
AUD
Yes
27BDSwiss3.37
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
2000AU
AUD
Yes
28Fortrade2.96
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
20
Leverage
30AU
AUD
Yes

How to read the ten below

Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
Check which company would onboard you.
The same brand can take a resident of Australia through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
Read the cost beside the deposit.
The median round turn across this country is 6.0 USD and the median minimum deposit 15.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 4 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in Australia?: 28 of 76 brokers measured for this country qualify.
Which broker leads it, and on what basis?: Fusion Markets leads it with a score of 4.63. The order is computed score, highest first; unscored brokers follow.
What does a trade typically cost here?: The median round turn - spread plus commission for one standard lot, in and out - is 6.0 USD across the brokers that publish both parts.
Why do some rows show a dash instead of a figure?: Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
Why are only ten brokers shown here?: This page explains the term; the ten illustrate it. The full ranking lists 28 of 76 and is one click away.

How this slice is scored

Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

Verified · What changed · Sources(28 of 76 broker records)

Verified01.10.2026

data re-captured 28.09.2026

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.