Best CFD Brokers and Trading Platforms in Australia 2024

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Written 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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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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CFD brokers in Australia should be regulated by the Australian Securities & Investments Commission (ASIC), which has strengthened its investor protections in recent years, limiting leverage to 1:30 for retail investors and taking legal action against trading platforms for over-marketing CFDs.

Explore our selection of the best CFD brokers in Australia. Every platform recommended has been exhaustively reviewed, earned the trust of our experts, and caters specifically to Aussie CFD traders.

Top 5 CFD Trading Platforms in Australia

Our tests show that these are the 5 top platforms for Australian CFD traders:

  1. Pepperstone - Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets.
  2. IC Markets - You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike.
  3. AvaTrade - AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. You can speculate on underlying assets in the broker’s feature-rich web and mobile platforms with market-leading research tools to help discover opportunities.
  4. Fusion Markets - You can go long or short on a range of CFDs covering forex, commodities, shares, indices and cryptos. High leverage up to 1:500 is available for experienced traders in some locations, whilst beginners will appreciate access to micro-lots. There are no restrictions on short-term trading strategies using CFDs.
  5. Eightcap - Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area.

Best CFD Brokers and Trading Platforms in Australia 2024 Comparison

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

"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."

- DayTrading Review Team
  • 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.

"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."

- DayTrading Review Team
  • 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.

"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."

- DayTrading Review Team
  • 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, 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.

"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."

- DayTrading Review Team
  • 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.

"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."

- DayTrading Review Team
  • 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 CFD Broker in Australia

Our years in the industry and direct experience using CFD trading platforms shows there are several things to consider when selecting a broker:

Trust

We’ve selected CFD brokers we trust after verifying they are regulated by the ASIC, ensuring the highest level of safeguards for Aussie traders. We also factored in our personal observations during the testing process, looking for dependable trading platforms with an excellent industry reputation.

The ASIC is the financial authority responsible for regulating CFD trading in Australia. It’s a ‘Green-tier’ regulator, meaning it actively monitors CFD brokers and provides the best investor protections.

Notably, the ASIC requires:

  • Brokers market CFDs fairly by assessing traders’ suitability, with eToro coming under its crosshairs in 2023 for its appropriateness test.
  • Brokers cap the leverage available to retail investors on popular underlying assets like the AUD/USD at 1:30, limiting potential losses.
  • Brokers provide negative balance protection, ensuring investors can’t lose more than their account balance while trading leveraged CFDs.
  • Brokers operate segregated accounts with trusted banks like the Australia & New Zealand Banking Group, keeping client money separate from the company should the firm face difficulties.
  • Brokers should not entice CFD traders with bonuses, such as free trading credits, a practice popular in Australia during the 2010s.
Details of Australian CFD Broker Fusion Markets on ASIC Register
Fusion Markets – ASIC License
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You can check whether a CFD broker is regulated in Australia by running their company name or Australian Financial Services License (AFSL) number through ASIC Connect.
  • Fusion Markets (FMGP Trading Group Pty Ltd), is a highly trusted CFD broker in Australia. It’s regulated by the ASIC (AFSL #385620), headquartered in Melbourne, and operates Client Trust Accounts with the National Australia Bank (NAB).

Markets

Contracts for difference can be used to speculate on rising and falling prices across a huge range of underlying markets, from stocks and indices to forex, commodities, cryptos, and more.

For Australians, in particular, it may be worth looking for brokers with access to local markets, such as the Australian Stock Exchange and currency pairs with an AUD component.

We’ve recommended CFD trading platforms that provide access to popular Aussie markets, as well as global markets, providing an array of short-term trading opportunities for investors at every level.

Popular CFD trading assets in Australia
CFD Trading Markets Australia

The Australian economy is one of the strongest in the world and the country has not experienced a technical recession for over 27 years, the longest of any economy globally.

It is also home to the Australian Securities Exchange (ASX), the largest stock exchange in the southern hemisphere, and the Sydney Stock Exchange (SSX). Its currency, the Australian dollar (AUD), is one-half of the fourth most traded currency pair globally – AUD/USD.

The country is also heavily influenced by trade between the Association of South East Asian Nations (ASEAN), such as Singapore, Thailand and Indonesia, and is part of an economic framework agreement known as ASEAN plus six.

CFD traders interested in commodities will also find Australia an attractive market, with mining making up around 7-8% of the country’s GDP. Iron, gold and copper are among the top commodities mined in the country.

  • AvaTrade offers an excellent investment offering, especially for Australian CFD traders, with highlights including the Australia 200 Index and seven AUD currency pairs, including the AUD/USD, GBP/AUD and AUD/JPY. It also offers CFDs on gold and copper.

Leverage

The availability of leverage, which allows you to multiply your trading results (profits and losses) in return for a small outlay, known as margin, is one of the main draws of CFD trading.

However, we only recommend Australian CFD brokers that abide by ASIC’s rules which mandate retail investors can’t access leverage beyond 1:30 for major currency pairs, 1:20 for minor currency pairs, 1:10 for commodities, 1:5 for shares and 1:2 for cryptos.

Let’s say I want to go long on Telstra Corporation (TLS) following an announcement from a respected industry outlet suggesting a promising 5G rollout across Australia.

I invest 200 AUD in a stock CFD using 1:5 leverage. This allows me to control 1,000 AUD (5 x 200 AUD).

If Telstra’s stock price rises by 10%, my position increases to 1,100 AUD, resulting in a 100 AUD profit (minus any fees).

author image
James Barra
Author
Using IC Markets margin calculator to work out leverage on AUD/USD forex CFD
IC Markets – Margin Calculator
  • IC Markets offers leveraged CFDs in line with ASIC’s requirements, while excelling with its free Margin Calculator that shows you the required margin in AUD. Our experts have also traded CFDs at IC Markets using real money and praise its lightning-fast execution that caters to fast-paced strategies like day trading.

Cost

Pricing is a critical consideration for CFD traders, especially day traders executing many orders. That’s why we analyze spreads on a range of underlying assets, from forex and commodities to stocks and indices, helping us identify the cheapest CFD brokers for Australian traders.

You’ll typically pay a spread and/or commission when dealing in CFDs. Importantly, newer traders may prefer a spread-only account – these feature higher spreads but keep pricing simple with zero commissions. Alternatively, experienced day traders may favor a low-spread account with a fixed commission.

  • Fusion Markets consistently excels as one of the lowest-cost CFD brokers in Australia, with average spreads of 0.04 on the AUD/USD and an impressively low $2.25 commission per side. The ASX200 also averages 1.2, while gold (XAU/AUD) averages 2.72.

Funding

The top brokers in Australia ensure a smooth CFD trading experience by facilitating hassle-free deposits and withdrawals, with an accessible minimum investment of up to 250 USD, around 400 AUD.

We’ve researched the payment methods most important to Australian CFD traders and factored their availability into our broker ratings. For example, PayID is one of the most popular methods in Australia, with over a third of Aussies using it for an online transaction in recent years.

💡
Choose a broker with an AUD account. This will help keep conversion costs down while making managing CFD trading activity straightforward for Australians.
  • City Index stands out with its excellent selection of convenient payment methods for Australian CFD traders, notably Pay ID and BPAY, alongside traditional bank cards and wire transfers. There is also no account minimum or deposit fees.

FAQ

Which Is The Best CFD Broker In Australia?

Find the best CFD broker in Australia for your needs using our latest rankings.

Every platform recommended has been personally tested by our industry experts, accepts CFD traders from Australia, and is authorized by the ASIC.

Who Regulates CFD Trading Platforms And Brokers In Australia?

The Australian Securities and Investments Commission (ASIC) regulates CFD trading platforms and brokers in Australia.

The ASIC is widely respected for its excellent investor safeguards, notably negative balance protection, limits on leverage, and its active pursuit of brokers for their over-marketing of CFDs and failing to provide appropriate suitability tests, notably eToro in 2023.

How Much Money Do I Need To Open A CFD Trading Account In Australia?

Our analysis shows you typically need up to 400 AUD to open a CFD trading account in Australia.

That said, some brokers cater to budget traders with no minimum investment. The highest-rated are Pepperstone and IC Markets.

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