MelbourneFX

MelbourneFX is a retail forex and CFD broker registered in Cyprus, with a registered address at 121 Prodromou Avenue, Nicosia 2064. The broker was founded on July 24, 2025, making it a very new entrant in the online trading industry. According to our records, Brisbane Capital Group Ltd operates under the MelbourneFX brand. The broker does not hold any public regulatory licences from major financial authorities, which is a significant factor for traders to consider.

As of the time of writing, MelbourneFX is not listed as regulated by any known financial regulator such as CySEC (Cyprus Securities and Exchange Commission), FCA (UK), or ASIC (Australia). The absence of regulatory oversight means that traders do not have access to compensation schemes or dispute resolution mechanisms typically provided by regulated brokers. FXCanary's Scam Risk Score for this broker is 57 out of 100, indicating an elevated risk profile. Clients should be aware that trading with an unregulated entity carries heightened counterparty risk.

MelbourneFX offers six account tiers with minimum deposits ranging from $250 to $250,000. The Basic account starts at $250 with a maximum leverage of 1:50, while the Platinum account requires a substantial $250,000 minimum and offers leverage up to 1:500. The Silver, Gold, and VIP accounts have intermediate thresholds of $25,000, $50,000, and $100,000 respectively. These high minimum deposits, particularly for mid-tier accounts, suggest the broker is targeting high-net-worth individuals rather than retail traders with smaller capital.

Maximum leverage varies by account type, ranging from 1:50 on the Basic account to 1:500 on the Platinum account. The broker does not publicly disclose typical spreads, commissions, or swap rates. The high leverage offered (up to 1:500) is common among unregulated brokers but may be restricted in jurisdictions with stricter leverage caps. Traders should note that high leverage amplifies both potential gains and losses.

MelbourneFX's website lists forex, indices, commodities, and cryptocurrencies as available asset classes. The broker does not provide a detailed instrument list or specify the number of currency pairs, indices, or crypto assets offered. The availability of crypto trading suggests the broker may be targeting traders interested in digital assets alongside traditional markets. However, without a comprehensive instrument list, it is unclear how extensive the product offering is.

The broker offers a proprietary WebTrader platform accessible via web browser. There is no mention of popular third-party platforms such as MetaTrader 4 or 5. The website also features a TradingView widget, indicating possible integration with TradingView charts. The broker does not specify whether demo accounts are available, which is a common tool for testing trading conditions. The lack of information regarding mobile apps or additional trading tools is notable.

MelbourneFX appears to be aimed at experienced traders with significant capital, given the high minimum deposit requirements for most account tiers. The Basic account ($250) is accessible to smaller retail traders but offers limited leverage. The broker's unregulated status and elevated risk score make it unsuitable for risk-averse traders or those seeking regulatory protection. High-volume traders might be attracted to the high leverage and multi-asset offering, but should exercise caution due to the lack of oversight.