Compare the best forex brokers in Australia for 2024 (ASIC regulated)

When it comes to forex trading in Australia there are plenty of options to choose from. You can use our table below to compare brokers by fees, available trading platforms and spreads.

• Forex
• CFDs

Disclaimer: General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.

1 - 7 of 7

Updated regularly

Name	Product	Minimum Opening Deposit	Minimum Spreads for Major Currencies	Commission	Minimum Trade Size	Platforms
Pepperstone Forex Trading (Razor Account) Finder Award		$0	0.0 pips	US$0.04 per 1k traded	0.01 lots	MetaTrader 4 MetaTrader 5 cTrader TradingView Pepperstone Trading Platform	Disclaimer: CFD Service. Your capital is at risk. Choose from a range of fee-free funding methods, plus a suite of 10 different apps available as part of Pepperstone's Smarter Trading Tools.	Go to site More Info	Compare	loading Fetching your data...
Vantage Forex Trading		$50	0.0 pips - 1.0 pips	$0	0.01 lots	MetaTrader 4 MetaTrader 5 TradingView	Disclaimer: CFD Service. Your capital is at risk. Spreads start from 0.0 on major currency pairs like AUD/USD, EUR/USD, GBP/USD and more. Plus you can places trades and find global trends through the TradingView charts platform. Trade with our RAW account with just $1 per lot each side	Go to site More Info	Compare	loading Fetching your data...
IG Forex Trading		$0	0.6 - 1.5 pips	$0	1 lots	MetaTrader 4 ProReal Time IG Trading Platform and Apps L2	Disclaimer: CFD Service. Your capital is at risk. Choice of trading platforms. Choose optional extras like advanced charting, reporting and order types. Over 90 currency pairs to choose from.	Go to site More Info	Compare	loading Fetching your data...
IC Markets Forex Trading (Raw Spread account)		US$200	From 0.0-0.1 pips	AU$3.50 per 100k traded	0.01 lots	MetaTrader 4 MetaTrader 5 cTrader	Disclaimer: CFD Service. Your capital is at risk. Trade forex with tight spreads as low as 0.0 pips and fast execution of under 40 milliseconds on average.	Go to site More Info	Compare	loading Fetching your data...
Saxo Forex Trading (Classic Account)		$0	0.5 pips	$0	$1000	SaxoTraderGO SaxoTraderPRO	Disclaimer: CFD Service. Your capital is at risk. Trade majors, minors, exortics, crypto and spot metals on Saxo's award-winning trading platfrom.	Go to site More Info	Compare	loading Fetching your data...
Blueberry Markets Forex Trading		US$100	From 0.0 pips	$0	0.01 lots	MetaTrader4, MetaTrader5	Disclaimer: CFD Service. Your capital is at risk. Bottom of the market fees on forex, CFDs and commodities with 24/7 quality customer service.	Go to site More Info	Compare	loading Fetching your data...
ACY Securities Forex Trading		$50	0.0 pip	$0	0.01 Lot	MetaTrader 4 MetaTrader 5	Disclaimer: CFD Service. Your capital is at risk. Trade over 2,200 instruments across CFDs on forex, shares, indices, commodities, precious metal, ETFs and crypto.	Go to site More Info	Compare	loading Fetching your data...

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Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.

Disclaimer: General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.

1 - 7 of 7

Updated regularly

Name	Product	Minimum Opening Deposit	Minimum Opening Deposit	Commission - ASX 200 Shares	Available CFD markets	Platforms
Pepperstone CFD Finder Award		$0	$0	$5 or 0.07%	Australian Stocks, Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Indices (CFDs only)	MetaTrader 4 MetaTrader 5 cTrader TradingView Pepperstone Trading Platform	Disclaimer: CFD Service. Your capital is at risk. Get access to more than 60+ forex and CFD markets when you sign up with this award-winning Australian broker. Plus, access the new advanced TradingView charts platform.	Go to site More Info	Compare	loading Fetching your data...
Vantage CFD		$50	$50	No commission	Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Indices (CFDs only)	MetaTrader 4 MetaTrader 5 TradingView	Disclaimer: CFD Service. Your capital is at risk. Vantage has some of the lowest CFD trading fees in Australia including $0 commissions on all Gold trades. Plus you can find global trends and place trades through the new TradingView charts platform.	Go to site More Info	Compare	loading Fetching your data...
Plus500 CFD		$100	$100	No commission	Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Indices, Options (CFDs only)	Plus500 Trading Platform	Disclaimer: CFD service. Your capital is at risk. Trade CFDs on Australian and International shares, indices, cryptocurrencies, commodities and more.	Go to site More Info	Compare	loading Fetching your data...
IC Markets CFD (True ECN Account)		US$200	US$200	0.1% per side	Australian Stocks, Global Stocks, Indices, Commodities, Forex, Cryptocurrencies (CFDs only)	MetaTrader 4 MetaTrader 5 cTrader	Disclaimer: CFD Service. Your capital is at risk. Trade 230+ different products with fast execution under 40 milliseconds on average.	Go to site More Info	Compare	loading Fetching your data...
Saxo Invested CFD		0	0	0.08% with $3 minimum	Bonds, Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Indices, Options, (CFDs only)	SaxoTraderGO SaxoTraderPRO	Disclaimer: CFD Service. Your capital is at risk. Award-winning trading platfrom with extensive charting tools and reliable execution.	Go to site More Info	Compare	loading Fetching your data...
Blueberry Markets CFD Trading		US$100	US$100	$20 per month subscription plus 2% of trade size	Australian Stocks, Commodities, Cryptocurrencies, Indices (CFDs only)	MetaTrader 5	Disclaimer: CFD Service. Your capital is at risk. Bottom of the market fees on forex, CFDs and commodities with 24/7 quality customer service.	Go to site More Info	Compare	loading Fetching your data...
ACY Securities CFD		$50	$50	No commission	Australian Stocks, Bonds, Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Indices, Metals (CFDs only)	MetaTrader 4 MetaTrader 5	Disclaimer: CFD Service. Your capital is at risk. Trade over 2,000 products across CFDs, forex, indices, metals, shares, commodities and cryptocurrency, starting from as low as $50 a trade.	Go to site More Info	Compare	loading Fetching your data...

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Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.

What's our best forex broker methodology?

We compared 33 forex brokers across 28 metrics to find the best in Australia. The metrics we studied fell into 5 categories; Security and trust, Cost and fees, Trading features, Beginner-friendly features and Markets offered. Within these categories we considered the following features:

While Finder has commercial arrangements with some forex brokers, this did not impact the final selection of the forex brokers shown below. Our algorithm based the forex brokers on their merits regardless of our partnership deals.

Best forex broker in Australia (overall): Pepperstone

The best forex trading platform in Australia is Pepperstone according to Finder's latest analysis. It achieved high scores across the board thanks to its vast range of tradeable instruments, tight spreads and unique trading tools.

Finder rating: 4.5 / 5

★★★★★

Go to site Read review

Capital at risk

1,200 tradeable instruments

Fast and reliable trading

Tight spreads

• Why it's great
• Pros and cons
• Fees

Pepperstone brings a combination of cheap fees and incredibly quick order executions, which is why it won our best overall broker. Not only is it fast, but it has over 1,200 instruments for traders to choose from across forex, share CFDs, commodities and crypto assets. The broker also offers traders advanced tools, copy trading features and strong educational resources.

• Tight spreads
• Algorithmic and copy trading features
• 99.72% fill rate and no dealing desk interventions

• You can't buy shares with Pepperstone
• No interactive training courses

Commission	US$0.04 per 1k traded
AU/USD avg. raw spread	0.84
Inactivity fee	$0
Minimum deposit	$0

Best forex broker for beginners: Eightcap

Finder rating: 4 / 5

★★★★★

Similar platforms Read review

Capital at risk

Beginner-friendly features

Low commissions

Easy to sign up

• Why it's great
• Pros and cons
• Fees

With a strong emphasis on educational resources, copy trading features, demo accounts, mobile trading and stop-loss features, Eightcap has taken our best for beginners trading award. Eightcap offers a lot of user-friendly features and a low commission rate starting at 0.0 pips. It also supports a variety of currency pairs and crypto trading.

• Host of beginner-friendly features including copy trading
• Quick and easy sign up
• Strong educational resources

• Cannot filter educational resources by level of experience
• Demo account only lasts 30 days

Commission	$0
AU/USD avg. raw spread	0.27
Inactivity fee	$0
Minimum deposit	$100

Best low-cost forex broker: Global Prime

Finder rating: 4 / 5

★★★★★

Similar platforms Read review

Capital at risk

Doesn't run a B-book

Trading community

Strong advanced trading features

• Why it's great
• Pros and cons
• Fees

Global prime is an ECN broker that does not run a B-book, which means that it doesn't seek to profit from traders' losses. The broker offers traders low fees, trade receipts, advanced charting, a trading community and over 45 currency pairs. Plus, it offers spreads starting from 0.0 pips, winning as our best value broker.

• Global Prime doesn't run a B-book so it doesn't bet against your trades
• It offers investors a strong trading community
• Can trade using AUD, USD, GDP, CAD, SGD and EUR
• Spreads start at 0.0 pips

• Large initial deposit required
• Doesn't have as many currency pairs as some other providers

Commission	$0
AU/USD avg. raw spread	0.28
Inactivity fee	$0
Minimum deposit	$200

Best forex broker for advanced traders: Admirals

Finder rating: 4.5 / 5

★★★★★

Similar platforms Read review

Capital at risk

Can trade over 5,000 assets

Trades start from $1

Strong educational resources

• Why it's great
• Pros and cons
• Fees

Admirals has a number of advanced trading features, which is why it is perfect for those with a bit more experience. The broker offers traders over 5,000 assets to choose from, plus offers $0 dollar transaction fees for the first trade of the day. Admirals' strong educational resources also help even the more experienced traders.

• Invest with $0 commission on first trade
• Trades start from $1
• Broker offers over 5,000 tradeable assets

• Inactivity fees
• No 24/7 customer support services

Commission	$4
AU/USD avg. raw spread	1
Inactivity fee	€10
Minimum deposit	€100

How to pick the best forex broker

It goes without saying, but how experienced you are and your strategy will determine what broker works best for your needs.

When you're looking for forex brokers, there are a few things to look out for, including:

• Reputable and ASIC regulated. At a minimum, make sure they should hold an AFSL license.
• Currency pair offerings. Some providers only offer major currency pairs while others offer the minors as well. Choose one that can match your needs.
• Platform type. Providers will use MetaTrader 4, MetaTrader 5 or in some instances the option of both. You should compare one that works for you.
• Demo accounts. Do you have a new strategy? Well, a demo account can be a great way to test your theory. Finding a broker that can help with this might be beneficial to your particular needs.
• Fees. Every broker has fees, but what they charge you can vary depending on the provider. Generally speaking, you should keep an eye out for spreads, commissions, withdrawals and inactivity fees.
• Minimum deposits. You should check the minimum amount you have to deposit when you sign up to a broker.
• Available markets and options. This is probably one for more advanced traders, but knowing what you can trade and where you can trade can be advantageous, especially for those looking to trade in a niche area.
• Charting features. If you're a serious trader, you need to be able to read charts. As such, having advanced features can help you make more informed decisions.
• Copy trading. Depending on your experience level, copy trading can be a way to learn from those who have been trading for a while now.
• Educational resources. Whether you're new to trading or have been doing it for years, everyone should aim to improve. Educational resources from the provider can help with this.
• Stop losses. It is also important to have a stop-loss plan. Having a trading provider that can help you with this can take the hassle out of selling should your trade not work.
• Automated and copy trading. If you're just looking to follow others' trading or want to set up a plan and let the bots take over, these features can help.

The spread is the ‘cut’ your broker will take from your trading. It’s how they make their money. You don’t want to use a broker with very high spreads. At the same time, you get what you pay for, so cut-price spreads will most likely come from brokers that don’t offer as many features or as good a service. It's important to compare spreads and ensure you’re not being taken for a ride. But also include a comparison of features to make sure you aren’t compromising your performance by going after low spreads only.

Tony Sycamore
IG market analyst, forex trader

What do you need to open a forex trading account?

Most forex trading platforms will allow you to apply for an account within minutes online. While the application process varies between providers, you'll usually have to fill out an online application and then wait for a response from the provider to learn whether your application has been approved.

You'll usually have to supply the following:

How does forex trading in Australia work?

In a globalised world, international currencies are important because they need to be traded in order for business to be conducted. Every day, foreign currencies go up and down relative to one another and traders can profit from these movements.

Trading decisions are based on which way traders think forex prices will fluctuate in the future.

Unlike your traditional investing assets that run on an exchange, forex trading is done via 2 parties in an over-the-counter market. There's a variety of ways to trade forex, but in essence, they all work the same way – by trading currency pairs.

But to trade forex directly in Australia, you need a large amount of money and to be classified as a "sophisticated" investor. For this reason, direct forex trading is usually carried out by wholesalers or institutional investors.

Retail investors more commonly trade forex through derivatives contracts, such as futures contracts or CFDs (contracts for difference). In fact most forex brokers that you'll come across in Australia are actually CFD brokers.

It's important to know that CFDs are complex and risky derivatives products that are best suited to experienced traders.

Finder survey: How do Australians of different ages primarily trade forex?

How do forex CFDs work?

On the global forex market, all currencies are quoted in pairs, and this is how CFD forex trading works as well. For example, AUD/EUR, GBP/EUR and AUD/USD are just a few common pairs.

Rather than buying and selling foreign currency, a trader enters into an arrangement with a broker to profit from any change in the exchange rate between 2 currencies. Of course, if the exchange rate between the 2 currencies doesn't move in their favour, the trader stands to lose money as well.

When a trader initiates a forex trade (or "opens a position"), it's as though they are buying one currency and selling another at the same time. If the value of one of the currencies moves against the other, the trader "closes out" their position, selling the other currency and buying back the original currency they sold.

It's important to remember that at no stage during the above transaction do you actually own or take delivery of the currencies involved in the trade. That's why forex traded in this way is considered a derivative instrument, because its value is based on an underlying asset, without that asset ever being physically exchanged between the parties.

Are forex brokers in Australia safe to use?

You should check to see if the broker is regulated by the Australian Securities and Investment Commission (ASIC). From a compliance standpoint, this means you're protected under Australian law. You can also feel secure knowing they are not peddling a scam platform.

That being said, trading forex itself can be risky. The forex market is incredibly fast-moving, with only a fractional change in position potentially having a large impact on your returns. If you are trading CFDs, they also rely on leverage, which adds to your risks.

As such, they are better suited to more advanced traders.

When you trade any platform though, you'll face a few risks, including:

• Cybersecurity: Online platforms are vulnerable to hacking and cyberattacks.
• Market risk: Forex can fluctuate rapidly and unpredictably, leading to potential losses for traders.
• Small movements have a big impact. With forex trading, only a minor move in the pips can drastically change the value of your position.
• Incredibly difficult to predict. Forex markets are driven by complex factors that make trading them incredibly difficult for investors.
• Forex scams. The forex sector tends to be a magnet for scams and fraud. If a dodgy trading platform goes broke and disappears, there may be no way to get your money back, so the safest approach is to only ever trade through a trusted broker authorised by ASIC.
• Platform failure: Technical glitches and system failures can cause temporary disruptions or errors in trade execution. This can be costly for traders given the speed of the forex market.
• Counterparty risk: When using a platform to trade with other individuals, there is a risk that the counterparty may not fulfil its obligations, leading to losses.
• Misleading information: Inaccurate or misleading information can lead to poor investment decisions and losses.

How leverage works in forex in Australia

Forex trades are typically leveraged, meaning you only contribute a small stake towards the total value of the trade.

That's because currency exchange rates only fluctuate by small amounts, usually by tenths or hundredths of a cent. So, to realise any significant profit or loss, you need to trade at high volumes.

Leveraged trading (or trading on margin) allows you to take out a small stake in a much larger trade, with your broker typically making up the shortfall. If the exchange rate moves in your favour, you stand to profit from the full amount that was traded, not just your small stake.

Of course, it works in the opposite way as well, so if the exchange rate moves against you, you are liable for the losses incurred on the full value of the trade.

That's why forex trading is typically suited to more experienced and less risk-averse traders.

What are the costs of forex trading?

Is forex safe for beginners?

Forex trading is a riskier asset class that tends to favour more experienced investors.

This doesn't mean a regular investor can never learn the ropes, it just means they will need to do their homework prior to entering the market.

Before making your first trade, you'll need to understand that the market is incredibly volatile, that leverage can turn small movements in price into massive gains or losses, and why one currency is moving compared to another.

But, despite the risks and complexities, forex investing amongst retail investors is on the rise, and so too are the educational resources available to new investors.

A currency pair is always structured in the same way, following a universally accepted ranking order and always showing the value of a base currency (the first) being traded against a quote (the second) currency.

There are 3 types of currency pairs that you need to be aware of: majors, minors and exotics.

Major currency pairs

The major currency pairs are considered any market that features the US dollar. The majors are the most frequently traded currency pairs and are therefore the most liquid forex markets to trade.

As a forex trader, this liquidity means that the majors feature relatively stable prices and the lowest spreads, or brokerage costs, when taking a position in any of these currency pairs.

Major currency pairs
EUR/USD	Euro/US dollar
USD/JPY	US dollar/Japanese yen
GBP/USD	British pound/US dollar
USD/CHF	US dollar/Swiss franc
USD/CAD	US dollar/Canadian dollar
AUD/USD	Australian dollar/US dollar
NZD/USD	New Zealand dollar/US dollar

The US dollar is the world’s leading reserve currency and is involved in about 88% of currency trades globally. The EUR/USD currency pair is the most heavily traded and therefore the most liquid currency pair in the world. If you’re going to open a forex trading account, this is the pair to start trading first.

Minor currency pairs

If a currency pair doesn’t feature the US dollar, it's considered to be a minor currency pair. The minors are sometimes called currency crosses because the market means you’re no longer required to first go through US dollars, as was once the case.

The minors aren’t as liquid as the majors, meaning they move more erratically and have wider spreads displayed on your forex trading account.

Minor currency pairs
EUR/GBP	Euro/British pound
EUR/AUD	Euro/Australian dollar
AUD/NZD	Australian dollar/New Zealand dollar
GBP/JPY	British pound/Japanese yen
CHF/JPY	Swiss franc/Japanese yen
NZD/JPY	New Zealand dollar/Japanese yen
GBP/CAD	British pound/Canadian dollar

The most widely traded minor currency pairs consist of pairs in which the individual currencies are also majors. Some of the more popular minors are EUR/GBP, GBP/JPY and AUD/NZD.

Exotic currency pairs

The final type of currency pair is known as an exotic. The exotics are essentially minors that feature currencies of emerging market economies.

The nature of emerging markets is that they’re less stable and much more illiquid as a result. This means that when it comes to trading exotic currency pairs, you’ll experience wild price swings and much wider spreads.

Exotic currency pairs
EUR/TRY	Euro/Turkish lira
USD/HKD	US dollar/Hong Kong dollar
JPY/NOK	Japanese yen/Norwegian krone
NZD/SGD	New Zealand dollar/Singapore dollar
GBP/ZAR	British pound/South African rand
AUD/MXN	Australian dollar/Mexican peso

Keep in mind that the wide spreads mean you may not see your trade executed at the price you expect. When you’re trading exotics, you need to make sure you know what you’re doing and manage your risk accordingly.

Which currency pair should I trade?

Picking the right currency pairs to trade on your account depends on your experience as a forex trader. If you’re new to the game, it’s best to stick with the major and minor pairs. This is because these markets are more stable and you’ll get lower spreads.

Exotic pairs are more difficult to work with because they are more erratic and their low liquidity means you’ll see higher spreads.

Whichever currency pairs you decide to trade, make sure you’re managing your risk. It’s imperative to understand that while the opportunity for moves may be larger in the exotics, this also means that your risks are amplified if the market moves against you.

Disclaimer: Trading CFDs and forex on leverage is high risk and losses could exceed your deposits.

Bottom line

There's no best broker in forex trading, but there are some that are more suited to your individual needs and circumstances. If you're newer to trading, you might prefer a broker that favours education or if you're more experienced you might choose one that has advanced features.

Regardless of who you choose, all forex trading comes with risk. In fact, depending on who you ask, somewhere between 60% and 80% of traders lose money. As such, this should only be taken on by more experienced investors.

Frequently asked questions about forex trading

• How can I tell if forex trading is for me?

  Once you’ve familiarised yourself with all the risks involved in trading forex, you may want to consider opening a demo account with a forex trading platform. This will help you see if you have what it takes to successfully trade forex.

• What is a pip?

  A pip (point in percentage) is generally the smallest movement an exchange rate can make. In most cases, this refers to the 4th decimal place of a currency, for example 1.2345. But in some trading platforms with fractional pips, this can be the 5th decimal point, for example 1.23456. In some currency pairs, the pip can refer to the 2nd decimal place, for example 89.84.

• What are the most commonly traded currencies?

  The most commonly traded currencies include the US dollar, the Great British pound, the euro, the Japanese yen, the Swiss franc, the Canadian dollar and the Australian dollar.

• When can I trade on the forex market?

  Due to international time differences, the forex market is open 24 hours a day, 6 days a week.

• A forex trading platform is offering a free trade – should I sign up?

  Ensure that you read the fine print of any promotional offer closely and also check out the platform's features and fees.

• I’ve never invested before but I’d like to start – is forex a good option?

  Trading forex is quite complex and features a large number of risks, so ensure that you do some research before trading forex.

• What is an intraday position?

  This is a trade that is opened and closed during the same trading day.

• What is an overnight position?

  An overnight position is a forex trade that is still open at the end of normal trading hours (5pm AEST).

• What is a stop loss order?

  This is a conditional order that is designed to minimise your risk when trading. It allows you to arrange for a position to be automatically liquidated if it reaches a certain predetermined price.

• Does the global forex market have a central location or exchange?

  No. Forex trading is conducted between a global network of banks, institutions and individuals around the world.

• What factors can affect the foreign exchange rates?

  The value of currencies can be affected by everything from supply and demand to economic conditions, political conditions, interest rates, inflation and consumer confidence.

• What else should I be aware of when trading forex?

  Many first-time traders are unaware that forex trading places them at risk of losing more than their initial investment. However, this can and often does occur.

Important information: Powered by Finder.com.au. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

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Forex trading glossary

• Ask price. This is the lowest price at which a trader can buy a currency.
• At best. This is an instruction given to a broker to purchase or sell a currency at the best rate currently available in the market.
• Base currency. This is the first currency listed in a currency pair. It shows the value of one currency when measured against another, for example AUD/USD.
• Bear market. A bear market situation is when prices sharply decline.
• Bid price. This is the price at which an investor can sell a currency.
• Bull market. This is a market where prices are rising.
• Forex. This is an abbreviation of foreign exchange.
• Hedging. This involves opening a new position in opposition to an already open position in order to protect against exchange rate fluctuations.
• Leverage. Leverage refers to a trader’s ability to control a large amount of money in the foreign exchange markets after only having to invest a small percentage of the overall value of a trade.
• Margin. This is the amount you are required to spend to open a trade.
• Margin call. This is a warning message when your trading account does not hold sufficient funds to maintain all the positions you have open.
• Spread. This is the difference between the bid price and the ask price.