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What is Forex? Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where the world buys and sells currency. The forex market is the largest, most liquid market in …
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The Forex Capital Market in Australia is a booming business that gives the chance to many broker companies to expand their client base. A decent broker is a key for success. Bad broker management and unclear rules and regulations can turn increase the risk connected to this already risky business. The good thing is that the Forex Brokers Australia are nationally regulated, and they comply to a series of requirements to keep their licenses. FX Australia only works with the best Forex brokers in Australia. A Forex Trading platform. This is the software that you are going to use for trading and will be provided by your Forex broker. Some brokers have their own platforms, but most support third-party apps like MetaTrader 4, MetaTrader 5 and cTrader. Top 10 Forex Brokers in Australia Trying to find information about Forex in Australia? To help Australia investors make informed decisions, ForexAgentReviews.com compares Forex brokers. We provide Forex software reviews and ratings catered for Australians interested in online trading. All Forex-related offers are displayed now. Unlike other comparison websites, ForexBrokersAustralia.com lists all Australian forex brokers to give you the best chance to compare and decide who you wish to trade with, as reviewed by people like you. Find brokers based on your requirements by selecting the filter options that matter to you. Yes, forex trading is completely legal in Australia. In fact, Australia is home to what is considered one of the most respected regulatory bodies in the industry. ASIC (Australian Securities & Investments Commission) are responsible for overseeing the market here and any broker wishing to offer their services in Australia must register. Forex trading is taxable in Australia, also the USA, Japan and numerous other countries. This means, that Forex trading Tax will be applied to an individual who is not an Australian Resident but receives its income from an Australian broker. Thus, it is always good to check and verify conditions with the particular broker you trade, as there is a specified percentage, a maximum 60% of trades that is considered as gain.