Top 9 Bitcoin CFD Brokers Australia for 2020

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

Are you looking for Bitcoin CFD brokers in Australia because it’s easier to trade Bitcoin as a CFD than as a real asset?

We can help you.

Trading Bitcoin as a CFD has a number of benefits over purchasing the real thing. Not only is it miles easier, with most brokers you will be able to apply leverage to your trades and you may also be able to trade other cryptocurrencies as well.

As with all things broker-related, some offer a far better experience than others. Cryptocurrency, unfortunately, is no exception and there are plenty of inexperienced brokers out there offering Bitcoin CFDs that don’t fully understand what they are dealing with.

That’s why we made this list.

Top 9 of the Best Bitcoin CFD Brokers Australia for 2020

Here’s our ranking.

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75% of retail investor accounts lose money

1 eToro

eToro is the No. 1 place to go if you are looking for a Bitcoin CFD broker having built much of their business around cryptocurrency trading. Aside from Bitcoin, traders are also able to trade Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Litecoin, Ripple, Cardano, IOTA, Stellar, EOS, NEO, ZCASH, and Binance Coin – a very impressive list. eToro are also masters of copy/social trading and with them, traders are able to build a diverse cryptocurrency portfolio of other traders. However, it should be remembered that since 2017 eToro does not offer leverage to cryptocurrency trades.

78
Rated: Excellent
security 94
cost 67
trading 71
education 72

Platforms: Proprietary Web Platform Regulations: FCA, CFTC, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: $50
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74-89 % of retail CFD accounts lose money

2 IC Markets

For many, IC Markets offers the best CFD service available today combining an excellent variety of instruments and markets with top-rated ECN market access (they claim to be the world’s only ‘True ECN’ broker). Traders are able to trade CFDs on Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash, Ripple, EOS, Emercoin, NameCoin, and PeerCoin – the latter three are fairly unique. For cryptocurrency, leverage is available up to 1:5. IC Markets is a great 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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79% of retail investor accounts lose money

3 AvaTrade

AvaTrade is already fairly well-known when it comes to Bitcoin CFDs and Ethereum CFDs and is a great option for any trader. Additionally, they also offer CFDs on Bitcoin Gold, Bitcoin Cash, Litecoin, Ripple, Dash, and EOS. Traders can also benefit from leverage up to 1:2 on cryptocurrencies and AvaTrade does not charge any fees or commission on any CFDs. Copy-trading/social trading platforms ZuluTrade and DuliTrade are also available.

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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72.88% of retail CFD accounts lose money

4 Thinkmarkets

Coming in at second place is ThinkMarkets. ThinkMarkets also offers an impressive range of cryptocurrencies to trade on top of Bitcoin, including Bitcoin Cash, Bitcoin Mini, Bitcoin Gold, Ethereum, Ethereum Mini, Ripple, NEO, and Dash. Traders can also benefit from leverage up to 1:32 on certain cryptocurrencies. ThinkMarkets also has some of the best market access available as well, with executions powered by Equinix, the world’s largest data center.

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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76.5% of retail investor accounts lose money

5 Pepperstone

Pepperstone is not just one of the best brokers in Australia, they also set the bar very high on an international level as well. Aside from Bitcoin, CFDs are also available on Bitcoin Cash, Ethereum, Dash, and Litecoin. In Pepperstone the leverage on cryptocurrencies can also vary depending on the account type you have – normal retail traders are limited to a maximum of 1:2, while professional clients can benefit from leverage as high as 1:5.

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
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80.5% of retail investor accounts lose money

6 Plus500

Plus500 is largely focused on CFD trading and have a wealth of experience in that area. When it comes to cryptocurrency, aside from Bitcoin CFDs, Plus500 also offer Ethereum, Litecoin, NEO, Ripple, IOTA, Monero, EOS, and Bitcoin Cash. On top of that, they also offer traders the opportunity to trade Ethereum against Bitcoin – not just against the US dollar or Euro like most brokers. Cryptocurrencies can also be traded on leverage up to 1:2.

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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80% of retail CFD accounts lose money

7 CMC Markets

CMC Markets are a great option for a trader looking for an established CFD broker that has can also offer a wealth of experience on top of Bitcoin CFDs. On top of Bitcoin CFDs, Ethereum, Bitcoin Cash, Litecoin, and Ripple are also available to trade. With CMC Markets traders can also benefit from not being automatically closed out each week, which means traders can hold positions without having to pay any spread costs.

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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75% of retail investor accounts lose money

8 EasyMarkets

easyMarkets keeps things simple and sticks to cryptocurrency CFDs on Bitcoin, Ethereum, and Ripple, which is great for those who are not interested in altcoins. Traders can also apply 1:2 leverage on their cryptocurrency trades as well. easyMarkets are not just a great option for Australians, but also the entire APAC region, recently 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
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69.6% of retail investor accounts lose money

9 AxiTrader

Currently, AxiTrader only offers Bitcoin CFDs and no other alternative cryptocurrencies. While this may be a drawback for some, for those who are solely interested in Bitcoin and more traditional CFDs it can be seen as a plus. That said, AxiTrader does offer an excellent rate of leverage on Bitcoin CFDs, up to 1:10, which higher than most of their competitors. AxiTrader also received the 2017 AtoZForex.com award for ‘Most Reliable Forex Broker’.

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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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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