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

#1 - Vantage

Traders can speculate on a breadth of financial markets with high leverage up to 1:500. Bet on rising and falling prices in currencies, commodities, indices, shares, and more without owning the underlying asset.

"Vantage is a great option for CFD traders seeking a regulated broker with high leverage and access to the powerful MetaTrader platforms."

- DayTrading Review Team
  • FTSE Spread: 1.0
  • GBPUSD Spread: 0.5
  • Stocks Spread: 0.01
  • Leverage: 1:500
  • Regulator: FCA, ASIC, CIMA
  • Platforms: MT4, MT5, TradingView, DupliTrade

Forex Trading

Trade 40+ forex pairs with some of the tightest spreads, including majors and minors. Vantage's deep liquidity pool provides spreads from 0.0 pips. There are also no commissions, deposit fees or hidden charges.

Stocks Trading

Speculate on leading companies in the US, EU, UK and Australia including large brands like Tesla and Apple. Short, medium and long-term trading strategies are catered for, including the use of Expert Advisors (EAs).

Crypto Trading

Trade cryptos including Bitcoin 24/7 with up to 1:200 leverage and zero overnight fees. Various risk management tools are also available, including price alerts and stop losses.

About Vantage

Reliable and affordable trading since 2009. Join over 900,000 others trading on 1000+ CFD products. Trade Forex CFDs from 0.0 spreads on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Crypto supporters will also rate the BTC/ETH account with no deposit fees. Open an account in less than 2 minutes.

Pros

  • Competitive ECN accounts with spreads from 0.0 pips and a $3 commission per side
  • Strong reputation with global client base and ASIC license
  • Quick and easy to open a live account

Cons

  • Some clients will need to trade with the offshore entity
  • Cryptos only available for Australian clients
  • A $10,000 deposit is needed for the best account conditions

#2 - AvaTrade

AvaTrade offers leveraged CFD trading on a range of asset classes spanning stocks, indices, commodities, bonds, crypto, and ETFs. Traders can speculate on rising and falling prices with low fees and stable platforms in a highly regulated trading environment.

"AvaTrade is an excellent broker for traders of all experience levels. Beginners benefit from high-quality education, social trading and a low minimum deposit. 1000+ tradable instruments and powerful proprietary software also make AvaTrade suitable for seasoned traders."

- DayTrading Review Team
  • FTSE Spread: 0.5
  • GBPUSD Spread: 1.5
  • Stocks Spread: 0.13
  • Leverage: 1:30 (Retail) 1:400 (Pro)
  • Regulator: ASIC, CBoI, FSA, FSCA, FSB
  • Platforms: MT4, MT5, AlgoTrader, TradingCentral, DupliTrade

Forex Trading

AvaTrade offers 50+ currency pairs and their spreads are some of the best among any broker. You can trade majors, minors and exotics around the clock with zero commissions.

Stocks Trading

AvaTrade is a top-rated broker with access to leading exchanges including NYSE & FTSE. Take positions on leading tech firms like Tesla, Apple and Microsoft with no restrictions and reliable support.

Crypto Trading

Regulated in five continents, AvaTrade offers a secure way to access crypto markets. They offer a great range of digital currencies, very tight spreads, and 1:2 leverage. [Not available in Canada]

About AvaTrade

Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4, MT5, Web Trader, Mobile App, Vanilla Options and Social Trading. 1250+ financial instruments, educational content and multi-language customer support active 24/7. 20% welcome bonus available in allowed countries.

Pros

  • Regulated, award-winning, established and safe
  • Excellent customer support
  • Plenty of free payment methods

Cons

  • Some withdrawal methods are slow
  • Inactivity fee after three months

#3 - IC Markets

Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage.

"IC Markets offers a top-class environment for traders of all experience levels and strategies. Industry-leading platforms, superior pricing and flexible accounts will meet the needs of both beginners and active day traders."

- DayTrading Review Team
  • FTSE Spread: 1
  • GBPUSD Spread: 0.5
  • Stocks Spread: 0.02
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, DupliTrade

Forex Trading

Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees.

Crypto Trading

IC Markets offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet.

About IC Markets

IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand.

Pros

  • Responsive 24/7 customer support plus an extensive help centre
  • Low fees with spreads from 0.0 pips and zero commissions
  • 15+ payment methods in 10 base currencies including PayPal and Skrill

Cons

  • No bonus deals for new traders
  • Two-factor authentication not available for extra account security
  • Traders from the US not accepted

#4 - FXCC

Trade currencies, metals, energies, indices and cryptos with flexible leverage. 24/5 customer support is available to assist new clients while the MT4 platform comes with free tutorials and user guides.

"FXCC is a good option for traders looking for wide market access with high leverage up to 1:500 and access to the reliable MetaTrader 4 platform."

- DayTrading Review Team
  • FTSE Spread: Variable
  • GBPUSD Spread: 1.0 pip average
  • Stocks Spread: NA
  • Leverage: 1:500
  • Regulator: CySEC
  • Platforms: MT4

Forex Trading

FXCC offers leading fees compared to alternatives with spreads as low as 0.0 pips and $0 commission. Over 70 currency pairs are also available, providing more opportunities than most competitors.

Stocks Trading

Trade a dozen major indices, including the Dow Jones, NASDAQ, S&P and DAX. Prices are competitive with zero commissions and a minimum price fluctuation of 0.01.

Crypto Trading

Trade eight of the most popular cryptocurrencies, including Bitcoin, Ethereum and Litecoin. High leverage up to 1:10 is available on BTC and 1:5 on other cryptos.

About FXCC

FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trading executions, spreads from zero pips and no commissions. The brand is also well-known for its welcome bonuses and trading deals, including a free VPS.

Pros

  • No deposit fees except industry-standard mining charges on cryptos
  • Islamic account for Muslim traders
  • No restrictions on strategies including scalping and hedging

Cons

  • No MetaTrader 5 download
  • No trading on individual stocks and shares
  • Copy trading not offered

#5 - Fusion Markets

Trade CFDs on forex, metals, energies, shares, indices and cryptos with transparent prices. High leverage up to 1:500 is available and there are no account opening or deposit fees.

"We recommend Fusion Markets for traders looking for the lowest fees with spreads from 0.0 pips and a $2.25 per side commission."

- DayTrading Review Team
  • FTSE Spread: From 0.7
  • GBPUSD Spread: From 0.0
  • Stocks Spread: From 0.01
  • Leverage: 1:500
  • Regulator: ASIC, VFSC
  • Platforms: MT4, MT5, cTrader, DupliTrade

Forex Trading

Trade over 90 pairs and keep costs to a minimum, with tight spreads and industry-leading commissions. Currencies can be traded 24/5 with no dealing desk intervention.

Stocks Trading

Trade 100+ shares in some of the biggest US companies. There are no commissions and equities can be traded on the advanced MT5 platform which is home to an excellent suite of analysis tools.

Crypto Trading

Trade the best known cryptos paired with USD and 1:2 leverage. Fees are low and traders can speculate on leading tokens like Bitcoin and Ethereum on a powerful trading platform.

About Fusion Markets

Fusion Markets is an Australian headquartered and regulated broker that offers low-cost forex and CFD trading. Copy trading, 1:500 leverage plus multiple account types are also available, catering to traders of different experience levels and budgets. New clients can sign up and start trading in three straightforward steps.

Pros

  • Lower than average commissions and spreads from 0.0 pips
  • No fees on deposits
  • Regulated by the ASIC

Cons

  • Limited educational materials, videos or training resources
  • No bonuses or loyalty promotions

#6 - Eightcap

Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Eightcap also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView.

"Eightcap is good for traders familiar with MT4 and MT5 looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."

- DayTrading Review Team
  • FTSE Spread: 1.2
  • GBPUSD Spread: 1.0
  • Stocks Spread: $0.02 per share, per side ($4 per lot round turn)
  • Leverage: 1:30
  • Regulator: FCA, ASIC, CySEC, SCB
  • Platforms: MT4, MT5, TradingView

Forex Trading

Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. The VPS will also serve high-volume, active day traders.

Stocks Trading

Trade 500+ US, Australian, and European shares on MT5 or TradingView. Bet on rising and falling share prices while using leverage to bolster potential profits. On the downside, fractional shares aren't offered.

Crypto Trading

Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid.

About Eightcap

Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.

Pros

  • Flexible and fee-free payment methods including cryptocurrencies
  • Good for day trading with ECN pricing, a forex VPS and automated trading software
  • 100+ crypto derivatives, more than most brokers, including crypto crosses and indices

Cons

  • Demo account can only be extended upon request
  • Cryptocrusher platform not available for Australian clients
  • Only four commodities available

#7 - ThinkMarkets

ThinkMarkets offers CFDs on a good range of instruments, the most extensive being stocks and ETFs with 3500+ assets, as well as indices and commodities, amongst others. Leverage is available up to 1:30 in the EU and UK, while clients of the offshore branch can access up to 1:500 leverage.

"ThinkMarkets is a reliable, multi-regulated broker that will suit most CFD traders thanks to its large asset list, competitive fees and excellent platform options."

- DayTrading Review Team
  • FTSE Spread: 0.7
  • GBPUSD Spread: 0.4
  • Stocks Spread: From 0.4
  • Leverage: 1:500
  • Regulator: FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles
  • Platforms: ThinkTrader, MT4, MT5, AutoChartist, TradingCentral

Forex Trading

ThinkMarkets offers 46 forex pairs, including a decent variety of minors and exotics as well the majors. Forex traders also benefit from very tight spreads starting from 0.0 pips for the EUR/USD in the Zero account.

Stocks Trading

ThinkMarkets clients can trade CFDs on an impressive list of more than 3000 shares with low commissions and no hidden fees, plus fast execution speeds. The broker does not support trading of physical company shares.

Crypto Trading

With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions.

About ThinkMarkets

ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies. Fees are competitive, particularly for the ThinkZero account with spreads starting at zero.

Pros

  • Three stable and award-winning platforms plus seamless integration with the broker's Signal Centre
  • Low fees with competitive spreads on the commission-free account and very tight spreads and a low $3.5 commission on ThinkZero
  • Reliable 24/7 multilingual support via telephone, email or live chat

Cons

  • Limited bonus offers, refer-a-friend schemes or trading competitions
  • Not many payment methods available for UK traders
  • $500 minimum deposit for ThinkZero account

#8 - Deriv.com

Trade CFDs on popular markets, including the broker's exclusive synthetic indices which are available 24/7. New users can open an account and start trading CFDs instantly.

"Deriv.com will suit traders looking for CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock."

- DayTrading Review Team
  • FTSE Spread: From 0.5
  • GBPUSD Spread: From 0.5
  • Stocks Spread: Variable
  • Leverage: 1:1000
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: MT5

Forex Trading

Clients can go long or short on a string of major, minor and exotic currency pairs. Spreads are competitive vs alternatives starting at 0.5 pips. Forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly DTrader.

Stocks Trading

Speculate on big stocks like IBM, Netflix and BMW, along with equity indices like the S&P 500. Deriv also offers extended hours trading up to 18 hours a day on shares with support 7 days a week.

Crypto Trading

Deriv.com offers a modest selection of 25+ crypto pairs with tight spreads and zero commissions. 1:2 leverage is also available so you can magnify potential returns.

About Deriv.com

Deriv.com is a multi-asset broker with over 2.5 million global clients. The firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house trading software and the hugely popular MetaTrader 5.

Pros

  • Low $5 minimum deposit
  • Free demo account
  • Live 24/7, including the weekends

Cons

  • Limited social and copy trading functionality
  • No sign-up bonuses and on-going promotions

#9 - Pepperstone

Pepperstone is a fast and reliable CFD broker with 1200+ assets covering forex, commodities, shares, indices, and ETFs. You can also trade currency indices, which aren't available at many alternatives. CFDs can be traded on four leading platforms with a choice of accounts and base currencies. Expert Advisors (EAs) are also supported for automated trading strategies.

"Pepperstone is a best-in-class broker. Experienced traders benefit from razor sharp spreads with sophisticated automation tools and over 1000 instruments. Newer traders get user-friendly platforms, rich education materials and 24/7 support."

- DayTrading Review Team
  • FTSE Spread: 1.0
  • GBPUSD Spread: 0.0
  • Stocks Spread: From 0.0 pts for US shares
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade

Forex Trading

Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. The broker boasts an impressive 99.94% fill rate with no requotes or dealing desk intervention. Forex lots start at 0.01.

Stocks Trading

Pepperstone offers hundreds of shares covering US, UK, Australian and German stock markets. Traders can go long or short on big names like Tesla with deep liquidity and competitive commissions.

Crypto Trading

Take positions on cryptos like Bitcoin with up to 1:10 leverage. Pepperstone also offers popular altcoins, as well as crypto indices, which offer a holistic view on the digital currency market.

About Pepperstone

Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated firm offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.

Pros

  • In-depth and frequent webinars covering charting strategies and trading tips
  • Active Trader Program for high-volume traders with discounts on forex, indices and commodities (eligible jurisdictions only)
  • World-renowned broker with licenses in 7 jurisdictions, including the UK (FCA) and Cyprus (CySEC)

Cons

  • Traders from the US not accepted
  • Cryptos only available for professional clients in some jurisdictions
  • Limited payment methods for UK clients

#10 - XM

Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading.

"XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education."

- DayTrading Review Team
  • FTSE Spread: 1.5 pts (var)
  • GBPUSD Spread: 1.9 (var)
  • Stocks Spread: 0.002 (var)
  • Leverage: 1:30
  • Regulator: ASIC, CySEC, DFSA, FSC
  • Platforms: MT4, MT5

Forex Trading

XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.

Stocks Trading

Trade hundreds of shares in major markets, including the US, UK, Europe and Asia. Traders can go long or short on stocks with commissions as low as $1 per transaction.

About XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted FSC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.

Pros

  • Accessible trading accounts with a $5 minimum deposit and easy account opening
  • Reliable 24/7 customer support in over 30 languages
  • 1000+ instruments including 50+ forex pairs

Cons

  • Traders from the US not accepted
  • $5 inactivity fee

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.

Further Reading