Best Day Trading Platforms and Brokers in Australia 2024

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Written By
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Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Fact Checked By
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Fact Checked By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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The best brokers in Australia offer low fees, a range of day trading tools and favorable execution. Importantly, many platforms deliver conditions that ensure secure and convenient day trading for Aussie clients, including oversight from the Australian Securities and Investments Commission (ASIC) and live accounts in AUD.

We also like to see platforms that offer excellent exposure to Australian markets, including the Australian Securities Exchange (ASX) and popular Aussie currency pairs like AUD/USD.

Our analysts have thoroughly tested hundreds of platforms and compiled a list of the best brokers for day trading in Australia. Many firms are ASIC-regulated and consistently top our rankings.

Top 5 Platforms For Day Trading In Australia

Our tests show that these are the 5 best day trading brokers in Australia:

  1. Pepperstone - Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support.
  2. IC Markets - IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
  3. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
  4. Fusion Markets - Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
  5. Eightcap - Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.

Best Day Trading Platforms and Brokers in Australia 2024 Comparison

Best Day Trading Platforms and Brokers in Australia 2024 Comparison
Broker ASIC Regulated AUD Account Minimum Deposit Markets Platforms Leverage Visit
Pepperstone logo
$0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade 1:30 (Retail), 1:500 (Pro) Visit
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade 1:30 (Retail), 1:500 (Pro) Visit
AvaTrade logo
$100 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade 1:30 (Retail) 1:400 (Pro) Visit
Fusion Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, cTrader, TradingView, DupliTrade 1:500 Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:30 Visit
ThinkMarkets logo
$0 CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only) ThinkTrader, MT4, MT5, AutoChartist, TradingCentral 1:500 Visit
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 1:30 Visit
CityIndex logo
$0 CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds MT4, TradingView, TradingCentral 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:30 Visit
eToro logo
- $50 CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs eToro Web, CopyTrader, TradingCentral - Visit
Trade Nation logo
$0 Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) MT4 1:500 (entity dependent) Visit
IG logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral 1:30 (Retail), 1:250 (Pro) Visit
Vantage logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds ProTrader, MT4, MT5, TradingView, DupliTrade 1:500 Visit
CMC Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting Web, MT4 1:30 (Retail), 1:500 (Pro) Visit
Plus500 logo
$100 CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto WebTrader, App 1:30 Visit

#1 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

#2 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
  • Minimum Deposit: $200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

#3 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#4 - Fusion Markets

Why We Chose Fusion Markets

Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: ASIC, VFSC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

#5 - Eightcap

Why We Chose Eightcap

Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 1,000+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: ASIC, FCA, xCySEC, SCB
  • Platforms: MT4, MT5, TradingView
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

Choosing A Day Trading Broker In Australia

Leveraging the decades of industry experience across our expert team, we prioritize several conditions when choosing the best day trading platforms:

Regulation and Trust

Choose a reputable day trading platform that you can trust.

A trustworthy broker will be authorized by a reputable regulator and will be transparent about any measures it has in place to protect you from unfair trading practices and scams.

Unfortunately, some incidents have gained infamy in Australia in recent years, including the brutal ‘Pig Butchering’ scam, which made up 31% of reported scams in 2023.

In this highly manipulative scam, the fraudsters built trust with the victim over a prolonged period before pushing them into fake investment opportunities. This method of going for the ‘full hog’ is particularly malicious since it targets lonely or vulnerable people.

That’s why we always check whether the broker is regulated by a ‘green tier’ authority, such as the Australian Securities and Investments Commission (ASIC). Looking for this, combined with strong industry credentials and a long track record, are priorities during our routine tests.

The ASIC has strict measures in place to monitor day trading brokers operating in Australia, including enforcement proceedings and civil penalties.

To help protect consumers, it also runs the Moneysmart website which contains comprehensive advice on financial planning, online safety and scams.

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ASIC register showing AvaTrade license
AvaTrade License – ASIC
  • AvaTrade maintains its position as one of the most heavily regulated platforms, with licenses from several top-tier authorities, including the ASIC. It also boasts a stellar industry reputation.

Day Trading Fees

Opt for a low-cost broker with competitive pricing.

If you’re an active day trader, keeping transaction costs low will be important to you.

We look out for brokerages that offer the full trading package at a low overall cost. This includes competitive trading fees, from low spreads and commissions to zero funding fees.

Spreads on popular currency pairs at Fusion Markets, including AUD/USD
Fusion Markets – Forex Spreads

If certain parts of the service are paid for, then we also take into account the quality of the resources or tools provided. It can often be worth paying for top-quality charting tools, for example, if it saves you time and increases your potential for success.

  • Fusion Markets remains one of the lowest-cost brokers that we’ve evaluated, especially for Aussie day traders. Alongside a $0 minimum deposit, you can expect forex commissions as low as $2.25 per side, plus spreads from 0.0 pips on AUD/USD.

Charting Platforms and Apps

Choose a user-friendly platform with a range of short-term trading tools.

To ensure an optimum day trading environment, pick a broker that delivers comprehensive charting tools for technical analysis.

In particular, we prioritize brokers that offer a good selection of indicators and drawing tools. Familiarizing yourself with a range of volatility tools, moving averages and technical studies, for example, can help you uncover short-term market opportunities.

MT4 platform at Pepperstone, showing list of technical indicators
Pepperstone – MT4 Platform
  • Pepperstone is an excellent choice here, with a leading range of charting platforms and third-party analysis tools, including MetaTrader 4 (MT4), cTrader, and Autochartist. Whether you trade on the go or execute complex algo strategies, there’s something for everyone at this broker.

Tradable Assets

Pick a broker that offers a diverse range of day trading markets.

Having access to a wide range of assets will allow you to build a diversified portfolio, hedge against risks and gain confidence trading the financial markets.

Infographic showing popular Australian day trading markets
Day Trading Markets

For Australian traders, we look out for popular currency pairs like AUD/USD and GBP/AUD, as well as stock markets like the Australian Securities Exchange (ASX).

Most top brokers typically offer trading via contracts for difference (CFDs). These are short-term derivative products that allow you to speculate on price movements without taking ownership of the asset.

List of Australian share CFDs available at Vantage
Vantage – Share CFDs
  • Vantage continues to offer a strong range of 1000+ assets for Australian day traders, including popular currencies and commodities like gold and silver against the AUD, plus dozens of ASX-listed share CFDs.

Execution Speed and Quality

Consider the broker’s execution policy and whether it will optimize your day trading strategies.

This will include the likelihood, quality and speed of execution which, when performing optimally, will ensure the best possible conditions for short-term strategies.

Premium trading and execution conditions at IC Markets
IC Markets – Execution

The good news is that many leading brokerages with fast execution operate in Australia, and we favor those with speeds of less than 100 milliseconds.

  • IC Markets continually excels in this category, with orders executed in around 35 milliseconds. Experienced short-term traders can also access a VPS subscription which delivers ultra-low latency and reduced slippage.

Leverage and Margin Requirements

Make sure the broker has transparent leverage and margin requirements.

Trading with leverage appeals to many day traders looking to maximize their potential returns with a small initial deposit.

That said, leverage trading is inherently risky, so it’s important to register with a broker that is transparent about their margin requirements.

  • OANDA is an excellent choice for Australian traders looking for a trustworthy ASIC-regulated broker that provides margin rates up-front. The broker also offers guaranteed stop-loss orders (GSLO) plus additional margin relief for pro traders.

Minimum Account Deposit

Choose a broker with an affordable minimum deposit requirement that suits your budget.

Anything below $500 is reasonable, though most leading Australian day trading platforms offer a minimum deposit of less than $200. This is ideal for beginners who may be on a smaller budget.

It’s also worth looking out for brokers who offer accounts denominated in AUD, which will save you exchange fees when it comes to funding.

💡
Tip: Consider setting up a demo account in AUD so you can practice your trading strategies and assess potential trading costs without having to put down a deposit.
  • ThinkMarkets is a great beginner-friendly option, offering a competitive AUD account with no minimum deposit requirement.

Methodology

Our approach to finding the best day trading platforms in Australia involved comprehensive qualitative and quantitative assessments of each broker. In particular:

  • We ensured that the platform accepts Australian day traders.
  • We checked for a trustworthy license from a reputable agency, such as the ASIC.
  • We focused on brokers with low day trading fees.
  • We prioritized charting platforms that cater to short-term strategies.
  • We checked the broker’s execution speeds and pricing.
  • We favored platforms with reasonable margin and leverage requirements.
  • We picked brokers that offer an affordable minimum deposit.

DayTrading.com broker testing methodology overview

Bottom Line

We’ve tested and evaluated dozens of platforms to find you the best day trading brokers in Australia.

Before signing up, check that your chosen broker is listed on the respective regulator’s website. We also recommend trying out the platform in a demo account to determine if the platform is stable, easy to use, and offers the instruments you want to trade.

FAQ

How Much Money Do I Need To Start Day Trading In Australia?

Most brokers offer live trading accounts with an initial deposit of $500 or less, with some even requiring no minimum deposit. ThinkMarkets, for example, is a great choice for beginners on a budget with zero minimum.

Who Regulates Day Trading Platforms In Australia?

The Australian Securities and Investments Commission (ASIC) is the primary regulatory authority that oversees financial markets in Australia.

We consider the ASIC a ‘green tier’ agency, which means it offers the highest standards of financial safeguarding for Australian clients.

That said, it’s important to understand the inherent risks of day trading and always ensure you have a solid risk management strategy in place.

Which Are The Best Brokers That Accept Day Traders From Australia?

Check our list of the best day trading brokers in Australia to find the right option for you. Many of these firms offer services tailored to Australian clients, including an AUD account, ASIC regulation, and a range of tradable assets popular in Australia.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com