Prop Firms in Australia
ForRealFunding is open to Australian traders, runs on MT5, and pays via Rise or crypto. This page covers what an Australian trader should check and compares the available firms.
What to check for this market
Payment & payout
Card payment; payouts via Rise or crypto settle in USD, with AUD shown for reference only.
Regulatory status
ASIC regulates CFD brokers and issuers, not simulated-evaluation prop firms — using an evaluation-model firm is legal for Australians; ForRealFunding is not ASIC-authorised and doesn't claim to be.
Tax (general)
The ATO generally treats trading profit as assessable income; whether it's business or other income depends on your trading pattern — confirm your position with an Australian tax agent.
Last checked 2026-09-03. General information only, not tax or legal advice — confirm current rules with a qualified local professional before relying on any of the above.
Who this matters for
- Australian traders comparing forex/CFD prop firms with straightforward payment options
- Traders checking whether prop-firm evaluations are legal and ASIC-regulated before they buy
In this guide
- Payment and payout for AU traders
- KYC and eligibility
- Firms compared for Australia
- FAQ
For a full side-by-side table across firms, use the comparison tool — figures there are dated and re-verified rather than asserted here.
FAQ
Can Australian traders use ForRealFunding?
Yes, subject to standard KYC after passing a challenge — pricing and payouts are in USD, with AUD shown for reference only at checkout.
Is prop firm trading legal in Australia?
Yes. Using an evaluation-model prop firm is legal in Australia. ASIC regulates CFD brokers and issuers (including leverage caps), not simulated-evaluation providers — ForRealFunding is not ASIC-authorised and doesn't claim to be.