Top 10 Best CFD Brokers in Australia for 2019

by | Feb 26, 2019

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.

best cfd brokers australia

Top 10 of the best CFD brokers in Australia for 2019

Here’s are our ranking:

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.8/5


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.

  • Regulations: International Capital Markets Pty Ltd. licensed by ASIC (AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
  • Headquarters: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
Try IC MARKETS with a demo account

74-89 % of retail CFD accounts lose money

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader,cAlgo
  • InvestinGoal rank: 4.8/5


78% of retail CFD 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.

  • Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
  • Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try PEPPERSTONE with a demo account

78% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $100
  • Platforms: IRESS, MT4, MT5
  • InvestinGoal rank: 4.5/5


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.

  • Regulations: First Prudential Markets Pty Ltd licensed by ASIC (286354). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: STP, ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 100 AUD, $ 100 USD or €100
  • Platforms: IRESS, MT4
  • Headquarters: First Prudential Markets Pty Ltd is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on equities, futures, commodities, indices, Bitcoin
Try FP MARKETS with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.5/5


71% of retail CFD 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.

  • Regulations: AVA Trade EU Ltd regulated by the Central Bank of Ireland (No.C53877); AVA Trade Ltd regulated by the V.I Financial Services Commission; Ava Capital Markets Australia Pty Ltd regulated by ASIC (No.406684); Ava Capital Markets Pty regulated by the South African Financial Sector Conduct Authority (FSCA No.45984); Ava Trade Japan K.K. regulated by the FSA (No.1662) and the FFAJ (No.1574). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:30
  • Minimum Deposit: AUD $ 100, USD $ 100, £ 100, or € 100
  • Platforms: AvaTradeGo (mobile app), MT4, Mac Trading (specifically for Macs), Webtrader
  • Headquarters: AVA Trade EU Ltd is headquartered in Dublin, Republic of Ireland
  • US Customers: No
  • Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs
Try AVA TRADE with a demo account

71% of retail CFD accounts lose money

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4
  • InvestinGoal rank: 4.3/5


74% of retail CFD 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.

  • Regulations: AxiTrader UK is authorised & regulated by the FCA (509746); AxiCorp Financial Services Pty Ltd is authorised & regulated by ASIC (318232). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:400
  • Minimum Deposit: $ 200
  • Platforms: MT4 (PC and Mac, webtrader, mobile), MT4 NexGen
  • Headquarters: AxiCorp Limited is headquartered in London, UK
  • US Customers: Accepts US clients through its American subsidiary, AxiTrader USA. Bear in mind the services offered may not be the same
  • Other instruments: Spread betting; CFDs on commodities, gold, silver and metals, oil, indices, Bitcoin
Try AXITRADER with a demo account

74% of retail CFD accounts lose money

  • Regulations: ASIC, FCA
  • Minimum deposit: $250
  • Platforms: MT4, Trade Interceptor
  • InvestinGoal rank: 3.7/5


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.

  • Regulations: In Australia by ASIC and in the UK by the FCA
  • Type: STP
  • Leverage: 1:400
  • Minimum Deposit: $250
  • Platforms: MT4, Trade Interceptor
  • Headquarters: Melbourne, Australia and London, UK
  • US Customers: No
  • Other instruments: CFD on shares, indices, metals, energies, cryptocurrency

72.88% of retail CFD accounts lose money

  • Regulations: ES, MAS, CySEC, FCA, ASIC
  • Minimum deposit: $100
  • Platforms: Plus500 Trading Platform
  • InvestinGoal rank: 4.2/5


76.4% of retail CFD 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.

  • Regulations: Plus500UK Ltd authorised & regulated by the FCA (509909); Plus500CY Ltd authorised & regulated by CySEC (250/14); Plus500SG Pte Ltd licensed by the MAS (CMS100648-1) and IE Singapore (PLUS/CBL/2018); Plus500AU Pty Ltd licensed by ASIC (417727), the FMA (486026), and authorised by the South African FSP (47546). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:30
  • Minimum Deposit: € 100
  • Platforms: Web platform, desktop (windows), mobile apps (iPhone/iPad, Android, Windows phone)
  • Headquarters: Plus500 Ltd. is headquartered in Haifa, Israel
  • US Customers: No
  • Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs
Try PLUS500 with a demo account

76.4% of retail CFD accounts lose money

  • Regulations: FCA
  • Minimum deposit: $5
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4/5


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.

  • Regulations: Octa Markets Incorporated is regulated by the FSA. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 5
  • Platforms: MT4 (web platform, desktop, Android, iOS), MT5 (web platform, desktop, Android, iOS), cTrader (desktop, Android, iOS)
  • Headquarters: Octa Markets Incorporated is headquartered in Kingstown, St. Vincent and the Grenadines
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try OCTAFX with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: ASIC, CySEC
  • Minimum deposit: $100
  • Platforms: Proprietary, Mobile, MT4
  • InvestinGoal rank: 3.6/5


81% of retail CFD 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.

  • Regulations: In Australia by ASIC and in Cyprus by CySEC
  • Type: Market Maker
  • Leverage: 1:400
  • Minimum Deposit: $100
  • Platforms: Proprietary, Mobile, MT4
  • Headquarters: Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFD on commodities, indices, cryptocurrency
Try EASYMARKETS with a demo account

81% of retail CFD accounts lose money

  • Regulations: FCA
  • Minimum deposit: $200
  • Platforms: CMC Platform, MT4
  • InvestinGoal rank: 3.8/5


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.

  • Regulations: CMC Markets UK plc authorised & regulated by the FCA (173730); CMC Spreadbet plc authorised & regulated by the FCA (170627); CMC Markets Asia Pacific Pty Ltd licenced by ASIC (238054); CMC Markets Stockbroking Limited licensed by ASIC (246381); CMC Markets NZ Limited is registered with the New Zealand Financial services provider (41187); CMC Markets Singapore Pte Ltd licensed by MAS. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: Next Generation Platform, MT4, Stockbroking Standard Platform, Stockbrokering Pro Platform
  • Headquarters: CMC Markets UK plc is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, shares, treasuries, cryptocurrency; spread betting
Try CMC MARKETS with a demo account

80% of retail CFD accounts lose money

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