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Wikilix ranking

Top 10 Brokers Based in Australia by WIKILIX Score

The ten highest scoring brokers we track with a registered head office in Australia, drawn from the 42 that carry a clean regulatory status and ordered by WIKILIX score alone. A head office in Australia is not the same as an Australian licence, and this page keeps the two apart.

Updated August 2026

Ten brokers headquartered in Australia, ordered by the WIKILIX score and nothing else. They are hand-picked from the 42 Australian firms in our records that carry a clean regulatory status, part of a wider group of 127 brokers we track with a registered address in Australia. Among the 64 that score 50 or higher, scores run from 50.1 to 79.9 with a median of 56.1. The ten here open at 76.4 and close at 59.1.

#BrokerScoreRegulators on recordOpenedMax leverage
1Velocity Trade76.4ASIC, FCA, FSCA20071:500
2AETOS69.1ASIC, FCA20211:400
3Pepperstone62.5ASIC, CySEC, FCA, SCB, BaFin, DFSA20101:500
4ANZ61.6ASIC, CIMA1970Not recorded
5EMC61.4ASIC, FMA, FCA, FSCA and three more20221:1
6Axi61.1ASIC, FCA, FMA, CySEC, DFSA20071:500
7Vantage60.5ASIC, FCA, CIMA, FSCA, VFSC20121:500
8Channel Capital60.4ASIC2025Not recorded
9Eightcap59.6ASIC, FCA, CySEC, FSC20091:500
10CommSec59.1ASIC19951:1

Headquartered in Australia is a narrower claim than it sounds

This list rests on one fact: where each firm keeps its registered head office. That is not where it is licensed, and it is not where it will take you on as a client. Australia's own regulator, the Australian Securities and Investments Commission, sits in the top tier of authorities we track, and 62 of these 64 firms hold an ASIC licence. Holding that licence and being domiciled in Australia are still separate things. Pepperstone and Vantage run client-facing arms in Cyprus, the United Kingdom and offshore centres, and the entity that opens your account may not be the Australian one. The mix on this page reflects that breadth. It runs from contracts-for-difference brokers such as Axi and Eightcap to a clearing bank, ANZ, and the country's largest online share broker, CommSec.

Why these ten, and in this order

The order is the WIKILIX score, high to low, applied by hand to a shortlist rather than produced on the fly. The score is drawn from a firm's own record: the licences it holds, the tier and standing of the authorities behind them, how long it has traded, and any warning we have logged against it. It carries no pricing. There is no spread, commission or minimum deposit anywhere in this ranking, because we hold none of those figures, and a list ordered by cost would be inventing the measurement. Of the 64 Australian firms scoring 50 or better, only 42 carry a clean status. The other 22 are set aside here: 13 are flagged as suspicious clones, three as operating beyond the scope of a licence, three as unregulated, two as offshore, and one carries a scam report. Velocity Trade leads on 76.4, holding Australian, British and South African licences and trading since 2007. ANZ, opened in 1970, is the oldest name on the page; across the wider group the record stretches back to Bank of Queensland in 1874, and 24 of the 64 firms opened before 2010.

The Australian licence caps leverage at 1:30. Several of these figures do not.

Since 2021 an ASIC intervention order has held retail leverage on major currency pairs to 1:30. The records here still show 1:400 against AETOS and 1:500 against Velocity Trade, Pepperstone, Axi, Vantage and Eightcap, and across the wider Australian group one firm advertises as high as 1:5000. Those numbers are real, but they attach to offshore arms rather than the ASIC-licensed entity. If a leverage figure above 1:30 is what draws you to a broker on this page, the account offering it is almost certainly not the Australian one, and the protection an Australian licence carries does not travel with it.

The high scores this list leaves off

Two of the highest scores among Australian-domiciled firms are missing on purpose. The very top, 79.9, belongs to a record filed under Pepperstone's exact legal name, Pepperstone Group Limited, which already appears here under its own brand, so counting it twice would only pad the list. The second, 78.1, belongs to a firm we flag as a suspicious clone, and that flag is the single reason it is excluded. A scrape of "top brokers in Australia" will often carry names like these without a word about status. Reading who is absent, and why, is the part a ranked grid on its own cannot give you.

  • Match the legal entity in your client agreement against the one named on the ASIC licence, using ASIC's own registers. One brand can sit behind several separate records, as Pepperstone does here.
  • Check the country of incorporation of the arm taking your deposit, not the head-office country in the title. An Australian parent tells you nothing about the subsidiary you contract with.
  • If a dispute route matters, confirm the entity is covered by the Australian Financial Complaints Authority, since offshore arms usually are not.
  • Treat any advertised leverage above 1:30 as a sign you are being routed to a non-Australian account, and read the terms for that specific account.

Everything here reflects the licence records we held on the day the page was built, and a record can change without a broker announcing it. This page describes and ranks; it does not recommend, and it cannot tell you what any of these firms charges or whether it will accept you as a client. Confirm anything that matters on ASIC's own register before you deposit.

This page is a snapshot, not a live count. The ten brokers are pinned in the score order they held on the day it was built, so a change in a licence record or a score will not move them until the page is rebuilt. If you want the whole field rather than a shortlist, the wider rankings reach further. Our list of ASIC regulated brokers covers firms licensed in Australia wherever their head office sits, which is a different set from this one and takes in global names domiciled in Britain, Hong Kong and the United States.

Two neighbouring pages are worth reading alongside this one. The FCA ranking picks up the brokers here that also hold a British licence, among them Pepperstone, Axi, Vantage and Velocity Trade, and the FSCA ranking does the same for South Africa. Between them they show how far these Australian-based firms reach past their home regulator.

What this list will never carry is a price comparison or a recommendation. We publish what the licence records say and how the score is built. Whether a broker suits you turns on costs, platform behaviour and who it will accept as a client, and those sit outside what we hold. Read the client agreement of the exact entity you would be contracting with before you commit.

Frequently Asked Questions

Frequently asked questions

Answers from the Wikilix research team about this ranking.

Most Popular Questions
They are the ten highest WIKILIX scores among Australian-headquartered firms with a clean regulatory status, listed from highest score to lowest with nothing adjusted by hand. The score reflects licences, the standing of the regulators behind them, trading history and any warning flag. It contains no pricing, so cost is not part of the order.
No, and this list is deliberately narrower than the full group for that reason. Of the 64 Australian-based firms scoring 50 or above, 22 carry a warning in our records: 13 flagged as suspicious clones, three beyond the scope of a licence, three unregulated, two offshore and one with a scam report. Only the 42 clean-status firms were eligible here.
ANZ, the Australia and New Zealand Banking Group, is the oldest on the list with a recorded opening of 1970. Across the wider group of Australian-headquartered firms the record reaches further back, to Bank of Queensland in 1874, and 24 of the 64 firms scoring 50 or above opened before 2010.
Because those figures belong to offshore arms, not the ASIC-licensed entity. Since 2021 ASIC has capped retail leverage on major pairs at 1:30, yet the records here show 1:400 to 1:500 for names like Velocity Trade, Pepperstone and Axi, and up to 1:5000 elsewhere in the Australian group. High leverage signals you are being routed to a non-Australian account.
This list cannot tell you. It is built on where each firm is headquartered and which licences it holds, not on which countries it accepts clients from. A broker based in Australia may onboard you through a UK, Cypriot or offshore entity, or may not accept you at all. Check each firm's own terms for client eligibility before you apply.
No. Domicile is where a firm keeps its head office; an ASIC licence is a separate permission to provide financial services in Australia. Most firms here hold both, 62 of the 64 carry an ASIC licence, but the two need not go together, and the entity that opens your account is often an offshore arm rather than the Australian one.
On this list Velocity Trade leads on 76.4, holding Australian, British and South African licences and trading since 2007. One record scores higher, 79.9, but it is filed under Pepperstone's exact legal name and already appears here under the Pepperstone brand, so it is not counted twice.
Ten. They are hand-picked from the 42 Australian-headquartered firms we track that carry a clean regulatory status, itself part of a wider group of 127 brokers with a registered address in Australia and 64 that score 50 or above. The ten are the highest scores in that clean-status shortlist, ordered by score alone.
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