CFD Brokers In Australia

The wide selection of CFD brokers in Australia certainly opens up your options but it can also make it difficult to know where to start. This guide to CFD brokers in Australia will help you narrow your search as we break down ASIC regulation, fees, platforms, customer support and more.

CFD Brokers In Australia

Reliable and affordable trading since 2009. Join over 400,000 others trading on 300+ CFD products over assets like forex, gold, indices and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets.
Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.
75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
FXCC is a highly regulated and trustworthy MT4 trading broker.
Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade
An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
72% of retail CFD accounts lose money.
Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa. Avatrade are particularly strong in integration, including MT4
ThinkMarkets is a multi-regulated forex and CFD broker
71.89% of retail investor accounts lose money when trading CFDs with this provider.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
High Risk To Capital
Deriv.com are a new brokerage, offering options and CFDs on a simple, reliable, flexible platform. Get access to volatility indexes exclusively at Deriv.
BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.
XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
72.6% of retail investor accounts lose money when trading CFDs with this provider
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
Global brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.
Bit Mex Offer the largest market liquidity of any Crypto exchange. Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.
NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.
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Axiory is a regulated forex & CFD broker offering tight spreads & leveraged trading.
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.
FXCM are an FCA regulated, London based broker. Companies under the FXCM umbrella are also regulated in Australia and South Africa.
Quotex offers a proprietary web platform that offers digital options and copy trading.
SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker.
FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
GO Markets is an ASIC-regulated FX & CFD broker.
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.
UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.
Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
StormGain provides an online crypto trading platform & cloud mining tool.
Binance is one of the leading online crypto exchanges offering Bitcoin.
Trade on the financial markets with low cost, leveraged products at HYCM.
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms.
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
LMFX offers online forex and stock trading with low fees and high leverage.
Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Spectre.ai is a blockchain-based binary options broker
Global Prime is a multi-regulated trading broker offering 100+ markets.
HFTrading is an MT4 broker offering a secure trading environment with competitive fees.
LiteForex Investments Limited is a regulated Forex & CFD broker offering the MT4 & MT5 trading platforms.
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips.
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing huge flexibility to suit any trader.
Infinox is a UK-based broker offering MT4 trading with tight spreads.
FP Markets is a multi-asset broker offering a choice of trading platforms.
Kraken is a top crypto trading exchange offering the largest altcoins by market cap.
Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Fondex is an award-winning forex and CFD broker with industry low trading costs
83.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Forex broker Videforex accepts deposits in a range of cryptocurrencies. Payouts reach 95% per trade.
Deposit and trade with a Bitcoin funded account! Binarycent accept deposits in, and trade, 15+ Cryptocurrency types.
Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ
Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.
Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
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CFDs Explained

A contract for difference (CFD) is a derivative that takes its value from the performance of an underlying asset, such as the AUD/USD forex pair, an Australian stock or a precious metal like gold. The trader buys or sells a number of units depending on whether they think the price will go up or down. At the end of the contract, the trader and broker exchange on the difference between the starting and closing price.

Top CFD brokers in Australia

The number of CFD brokers in Australia has been on the rise since CMC Markets first appeared on the scene in March 2002, followed by IG four months later. In fact, a long list of local and foreign providers cropped up, which led to the Australian Services and Investments Commission (ASIC) introducing measures to protect retail traders. Many of these regulations pushed brokers based outside of Australia out of the local market. Still, Australian investors have a long list of online brokers and platforms to choose from.

How CFD Brokers In Australia Work

The best CFD brokers in Australia provide access to a range of markets, including the Australian Stock Exchange (ASX), forex pairs with the AUD, commodities, plus cryptocurrencies. The broker then offers a trading platform where clients can conduct analysis and execute positions, implementing a range of different strategies.

Because CFDs are a leveraged product, the top brokers in Australia also loan clients capital so they can increase their market exposure. Let’s say the leverage limit on forex CFDs is 1:30 and a trader wishes to buy 100 units at $10 per unit. This means the value of the trade is $10,000. By using leverage, the client would only be required to pay around $333.33 to open the position. As a result, the client can boost their potential returns, but should they lose, they will also owe the broker for the amplified loss. Fortunately, many of the best brokers in Australia offer negative balance protection, so you can’t lose more than your deposit.

How To Compare CFD Brokers In Australia

There are several key factors to consider when choosing between the best CFD brokers in Australia:

Fees

When trading CFDs, the main fees to consider are spreads and commissions, which vary between providers. Different price structures may suit also different strategies. For example, forex scalpers may want a platform that offers ultra-low or even zero-pip spreads. It’s also worth checking for any hidden fees, such as account inactivity charges, rollover rates and one-off costs for market analysis tools.

Markets

CFDs are a flexible way to gain exposure to popular financial markets. The top 10 CFD brokers in Australia offer access to currencies, equities, indices, softs and precious metals. Some platforms also offer CFDs on leading cryptocurrencies like Bitcoin and Ripple. A broker with an extensive range of assets will help you build a diverse portfolio.

Leverage

The level of leverage offered will determine, in part, how much capital you have to speculate on the financial markets. ASIC recently updated its leverage limits on CFD products. Major forex pairs are capped at 1:30 while minor pairs are limited to 1:20. The more volatile the instrument, the more conservative the ratio offered, which is why CFDs on cryptocurrencies are capped at 1:2.

Australian Regulation

CFD brokers in Australia are regulated by the Australian Securities and Investments Commission (ASIC). This reputable body helps ensure that providers offer a fair trading environment – imposing rules to protect retail clients, from negative balance protection and leverage limits to restrictions on bonuses and promotions. We always recommend opening an account with a regulated provider for added legitimacy.

Best CFD brokers in Australia

Bonuses

Whilst many of the top CFD brokers in Australia offer little in the way of financial incentives, some platforms offer no deposit bonuses. Also, offshore brokers may offer welcome promotions and tournaments with cash giveaways.

Whilst sign-up promos can be an enticing proposition, it’s worth checking terms and conditions before you get started as bonus capital often can’t be withdrawn.

Platforms

A CFD platform is the software that allows you to execute trades. The features of a broker’s platform can make or break the experience. If you have a more advanced investing style, you might benefit from sophisticated platforms with a number of analytical tools. However, a new CFD trader might prefer to have an intuitive platform that prioritises usability.

A live platform can only be accessed once you open an account. Most CFD brokers in Australia will also offer a free demo account where you can practice using their online platform before you execute real trades.

Accounts

CFD brokers in Australia typically offer a range of account types that cater to different skill and experience levels. Some of the most popular differences include leverage limits, minimum trade sizes and even customer service provision. Check what each account type offers and ensure that it meets your requirements.

Mobile Apps

In today’s digitalised society, CFD brokers in Australia usually have a mobile app version of their desktop platform. This allows traders to manage their portfolio without being tied to a location. It is ideal for traders looking to keep an eye on the market during standard operating hours.

The best CFD brokers in Australia will offer mobile trading that is compatible with both Android or iPhone.

Best CFD trading platforms in Australia

Tools

Nowadays, CFD traders can enhance their analysis using a wide selection of investing tools. Technical indicators help traders implement a range of strategies. For example, Volume Price Indicators help to predict future price movements by assessing the direction and strength of a price change. Alternatively, a Moving Average Indicator looks at the average price over a period to help predict where it will go next. Some tools offered by CFD brokers in Australia specifically benefit the analysis of a certain asset, such as stock screeners. There are many tools out there, each designed to assist with different strategies.

Payments

A benefit of trading with CFD brokers in Australia is zero currency conversion fees when you open an account with AUD as the base currency. Ensure that the platform allows you to fund your account using the payment method most accessible to you with the lowest processing fees. Plus, check out the processing time per payment method. Instant transaction times allow you to enter the market just minutes after funding your account.

Minimum Deposit

CFD brokers in Australia with low minimum deposits are ideal for traders with less capital. Check out the minimum deposit requirements before you open an account as these can vary dramatically. Brokers that specialise in CFDs may have no minimum deposit requirement, while those that offer access to stock exchanges may require larger cash commitments.

Customer Support

CFD brokers in Australia should have a customer support team that is fast and responsive. If you were to encounter a technical error with a large trade on the line, you’d be looking for a service you can rely upon. The support opening hours should also align with market trading times.

Final Word On CFD Brokers In Australia

Traders are spoilt for choice when it comes to reputable CFD brokers in Australia. Our guide has detailed the key factors to consider when making your choice, from ASIC oversight to minimum deposit requirements and market access. But ultimately, the top CFD broker for you will depend on your individual needs. See our list of the best CFD brokers in Australia for our top picks.

FAQ

CFD trading is legal for Australian retail traders. However, unregulated brokers can also operate with little accountability so it’s worth checking you’re signing up with an ASIC-licensed provider. The regulator introduces measures designed to protect retail client funds, including negative balance protection and leverage caps.

How Do I Pick The Best CFD Broker In Australia?

You first need to consider your requirements, from market access to tooling needs. Your strategy may also require a low-cost provider. See our list of the best CFD brokers in Australia to get started. You can head straight to the respective company website or read our detailed reviews.

How Do I Check Whether A CFD Broker In Australia Is Regulated?

You can usually check whether a broker is regulated in Australia on their website. Alternatively, you can look up the company’s name or license number on the ASIC database.

Do CFD Brokers In Australia Charge Taxes?

CFD brokers in Australia do not directly charge taxes. However, any profits made on long-term CFD trades may be subject to capital gains tax while short-term trades may be taxed as business income by The Australian Tax Office. Consult a tax professional to understand your obligations.

How Much Capital Do I Need To Trade With A CFD Broker In Australia?

CFD brokers in Australia have varying minimum deposit requirements. Some allow you to open an account with little to zero capital. Other brokers that target professional CFD traders will have higher deposit requirements, sometimes in the thousands of Australian Dollars.