Top 10 Best CFD Brokers in Australia for 2020

Filippo Last Updated: February 2019 10 min read
Top Rated:

Are you looking for a CFD Broker in Australia because you’d like to know what ‘Down Under’ can offer a CFD trader?

We can help you.

Australia is one of the world’s leading innovators when it comes to trading and the Ozzies have nailed CFD trading. But, as with anything trading related, you can’t always trust the first options you come across.

CFD trading brokers in Australia can vary quality and it takes time to find one that fits in with your trading style.

While many Australian CFD brokers offer an excellent service, some go the extra mile. Ideally, you need to look for superior customer support, a top-rated trading platform, and outstanding market access, among other benefits.

That’s why we made this list of the top CFD brokers in Australia.

Top 10 of the best CFD brokers in Australia for 2020

Here’s are our ranking:

Open an account
74-89 % of retail CFD accounts lose money

1 IC Markets

When looking for a CFD broker, three things can be very useful to have – a large variety of instruments and markets, the ability to handle a large number of trades, and excellent market access. IC Markets has managed to nail all three, which is why it’s top of our list with an impeccable 232 tradable instruments, a solid ability to handle 500,000 trades per day, and outstanding ECN market access. IC Markets is perfect for those looking for a strong all-rounder.

94
Rated: Excellent
security 93
cost 100
trading 100
education 66

Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC, CYSEC, Offshore Minimum Deposit: $0
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76.5% of retail investor accounts lose money

2 Pepperstone

Pepperstone is a serious contender in CFD brokering with many heralding it as perhaps the best Australian broker available today. While the number of trading instruments may be lower than some of their competitors, they make up for it with a truly impressive service. Traders with Pepperstone can benefit from some of the best ECN and/or STP access available today. So good, in fact, that they were awarded ‘Best Forex ECN Broker’ by the UK Forex Awards in 2018. If you’re more interested in market execution and high-quality service, Pepperstone is for you.

95
Rated: Excellent
security 94
cost 100
trading 100
education 71

Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, ASIC, DFSA Minimum Deposit: $200
Open an account
74-89% of retail CFD accounts lose money

3 FP Markets

FP Markets is another great option for those looking for high-quality market access, but who also want a broad range of instruments at their disposal. FP Markets offers an astounding 10,000 plus market instruments to trade with, so many most traders will have no idea what to do with them. FP Markets also has fantastic ECN access as well, striving to provide traders with DMA access. In the 14 years they have been operating, they have gained 20,000 clients and received 36 awards for their service.

95
Rated: Excellent
security 92
cost 100
trading 100
education 79

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: MIFID-ESMA, ASIC, CYSEC, Offshore Minimum Deposit: $200
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79% of retail investor accounts lose money

4 AvaTrade

AvaTrade truly stands out when it comes to CFD trading. Aside from your traditional CFDs, AvaTrade also offers not only Bitcoin CFDs but also Ethereum CFDs, which is a very rare offering. On top of that, AvaTrade also does not charge any exchange fees or commission when trading CFDs, which is also very refreshing. Traders can also benefit from using copy-trading/social trading platforms ZuluTrade and DuliTrade, and options trading via AvaOptions.

95
Rated: Excellent
security 94
cost 100
trading 100
education 71

Platforms: Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSB, Offshore, FSC (British) Minimum Deposit: $100
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69.6% of retail investor accounts lose money

5 AxiTrader

AxiTrader has a strong focus on lightweight online trading platforms and high-quality ECN access, which is supposedly the same as banks and hedge funds. Such a combination is perfect for those looking for a streamlined service. With 54 currency pairs and 41 CFDs on other instruments, traders will have all they need to build a handsome portfolio. In 2017, AxiTrader also received the AtoZForex.com award for ‘Most Reliable Forex Broker’, which is a good sign that they deliver a CFD service that traders can count on will stay the same.

81
Rated: Excellent
security 93
cost 79
trading 73
education 71

Platforms: ZuluTrade, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, FMA, DFSA Minimum Deposit: $0
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72.88% of retail CFD accounts lose money

6 Thinkmarkets

ThinkMarkets has a diverse mix of 154 CFDs to trade in as well as 33 currency pairs and cryptocurrency CFDs too. Other benefits include super-fast market execution, claiming to have no interference due to their partnership with Equinix, the world’s largest IBX data center, and funds safely segregated in a top-tier bank. If you are looking to put together a truly diverse portfolio, ThinkMarkets is a great option for you.

82
Rated: Excellent
security 94
cost 77
trading 73
education 80

Platforms: Mirror Trader, MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC Minimum Deposit: $250
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80.5% of retail investor accounts lose money

7 Plus500

Plus500 strives to be the No. 1 CFD provider in the world and in many ways it is. Currently, they have one of the highest rated CFD trading apps available to download for mobile devices and are considered as having Australia’s No. 1 mobile CFD platform. Plus500 is also the primary sponsor of the Brumbies Rugby team. If you are looking for a CFD broker that focuses solely in that field, Plus500 are a great choice.

75
Rated: Excellent
security 95
cost 70
trading 67
education 49

Platforms: Proprietary Web Platform Regulations: MAS, FCA, MIFID-ESMA, ASIC, FMA, CYSEC, ISA, Offshore Minimum Deposit: €100
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74-89% of retail CFD accounts lose money

8 OctaFX

While not based in Australia or ASIC regulated, OctaFX still has a strong presence in Australia and the Asia-Pacific region. Currently, OctaFX has 47 instruments to trade with, including 28 forex pairs and three cryptocurrency CFDs, which make it an interesting choice for those who want to get involved in crypto. Octa FX also has excellent ECN access, being awarded ‘Best ECN Broker’ by the UK Forex Awards 2017, and if you sign up to trade now you can benefit from a 50% bonus on every deposit.

78
Rated: Excellent
security 93
cost 78
trading 69
education 59

Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, CYSEC Minimum Deposit: $100
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75% of retail investor accounts lose money

9 EasyMarkets

easyMarkets is another option for those looking to diversify their portfolio. Some of their instruments include 36 spot currency pairs, 48 FX forwards, 57 currencies crossed with metals. Additionally, they also offer the ability to trade Bitcoin, Ethereum and Ripple. Traders will also be happy to hear that easyMarkets are also considered one of the best APAC region brokers as well, being awarded ‘Best APAC Region Broker 2018’ by ADVFN International Financial Awards.

83
Rated: Excellent
security 92
cost 100
trading 68
education 65

Platforms: Proprietary Web Platform Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit: $100
Open an account
80% of retail CFD accounts lose money

10 CMC Markets

CMC Markets has been operating for almost 30 years and in that period of time has expanded its reach into an unbelievable 9,500 tradable products, of which 300 plus are currency pairs. CMC Markets is also firmly established around the world with offices in 15 different countries. They are also listed on the London Stock Exchange and have received over 50 awards in the short space of two years.

78
Rated: Excellent
security 94
cost 55
trading 75
education 81

Platforms: Proprietary Web Platform Regulations: MAS, FCA, MIFID-ESMA, ASIC, IIROC, FMA, CBRC Minimum Deposit: $0

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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