ASX Brokers for 2024

We found 11 online brokers that are appropriate for Trading ASX Brokers Platforms.

ASX Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - May 07, 2024

ASX Brokers

ASX brokers are individuals or firms that are licensed to buy and sell securities on the Australian Securities Exchange (ASX) like the ASX 200 index. They act as intermediaries between investors and the securities market, facilitating transactions in stocks, bonds, and other financial instruments listed on the ASX.

Brokers can provide a range of services, from executing trades based on clients' instructions (execution-only services) to offering comprehensive investment advice and portfolio management (full-service brokerage). They must be accredited by the ASX and comply with regulations set by the Australian Securities and Investments Commission (ASIC) to ensure fair and transparent trading practices.

In order to take part in the ASX market, you will need to choose the right stock brokers. This is probably where most people get it wrong. They are of the opinion that all the brokers available are reliable and thus, can be registered with. This is actually not the case because most ASX brokers do not really understand how to help their clients get the best results from their investments.

Australian Securities Exchange (ASX)

ASX is offering a full suite of services, including listings, trading, clearing, and settlement across a comprehensive range of asset classes. Brokers play a crucial role in the ASX ecosystem, facilitating the buying and selling of securities for both retail and institutional clients.

It was created in July 2006 through the merger of the Australian Stock Exchange and the Sydney Futures Exchange, representing a significant milestone in the country's financial market history. This merger was aimed at creating a more integrated and efficient national financial marketplace, offering a comprehensive suite of services, including listings, trading, clearing, and settlement across a diverse range of asset classes such as equities, fixed income, commodities, and derivatives.

The ASX operates as one of the top 10 global securities exchanges by market capitalization, providing a primary platform for Australian companies to access capital markets. It plays a critical role in the Australian economy, offering retail and institutional investors access to investment opportunities and serving as a barometer for the Australian business environment.

Financially, the ASX has shown resilience and growth over the years, benefiting from Australia's stable economy and regulatory environment. It generates revenue from listing fees, trading fees, and services related to post-trade activities. The ASX also invests in technology and innovation to enhance the efficiency and security of its trading and settlement systems, ensuring it remains competitive in the global financial market landscape.

Best ASX Brokers

IC Markets

IC Markets Screenshot

As an experienced trader speaking to someone new to the game, I can confidently say that IC Markets is a powerhouse when it comes to ASX Index trading. Their razor-thin spreads and lightning-fast execution speeds are a scalper's dream, making it possible to capitalize on even the smallest price movements. With a robust offering of trading instruments and top-tier regulation by ASIC and CySEC, you're looking at a platform that's not just reliable, but also expansive in its opportunities. Whether you're day trading or engaging in high-frequency strategies, IC Markets provides the kind of low-latency trading environment that can truly leverage your skills on the ASX Index.

eToro

eToro Screenshot

eToro is a game-changer for anyone starting out with ASX Index trading. The platform is built around the concept of community and learning, making it incredibly accessible for newcomers. Their standout feature, CopyTrading, allows you to observe and replicate the moves of seasoned traders who are navigating the ASX Index. This isn't just about copying trades; it's about understanding the rationale behind trading decisions, which is invaluable for a newcomer. With a user-friendly interface and stringent regulatory oversight, eToro is a nurturing environment where you can grow your trading skills among a community of over 30 million users worldwide.

RoboForex

Roboforex Screenshot

For those with a bit more skin in the game, RoboForex offers a platform that's versatile and tech-forward, particularly for ASX Index trading. Compatibility with both MT4 and MT5 platforms means you're getting access to some of the most advanced trading tools and analytics out there. The platform's user-friendly design and rapid execution speeds are pivotal for capitalizing on ASX Index market movements. However, a word of caution on their high leverage options - while they can amplify gains, they can also magnify losses, so they should be used judiciously.

XTB

XTB Screenshot

XTB shines when it comes to educating its traders, making it a fantastic choice for those looking to deepen their understanding of the ASX Index. Their comprehensive market analysis and educational resources are top-notch, designed to empower traders with the knowledge to make informed decisions. Coupled with a strong commitment to regulatory standards, XTB not only ensures a secure trading environment but also fosters a learning atmosphere that can significantly benefit those new to ASX Index trading.

XM

XM Screenshot

XM is a standout for those who prioritize support and a wide selection of trading tools in their ASX Index trading journey. Their customer service is exemplary, providing traders with the assistance and guidance they need, whenever they need it. The platform's variety of trading instruments means you have a plethora of options at your fingertips, making it easier to diversify your trading strategies. With a steadfast commitment to regulatory compliance, XM ensures a secure and supportive trading environment for traders at all levels.

AvaTrade

AvaTrade Screenshot

AvaTrade stands out for its adaptability and innovative approach to trading, making it a great fit for ASX Index traders. The platform's diverse funding and withdrawal options cater to a wide range of traders, ensuring that logistical issues are never a barrier to trading. With the AvaTradeGo app and AvaSocial platform, trading becomes not just convenient but also communal, allowing for interaction and learning from peers within the trading community. The commission-free structure, alongside a broad selection of instruments, adds to the appeal, making AvaTrade a versatile choice for both newcomers and seasoned traders alike.

FP Markets

FP Markets Screenshot

FP Markets is a tech-savvy trader's haven, especially for those focusing on the ASX Index. With access to both MetaTrader 4 and MetaTrader 5 platforms, traders can leverage advanced features and analytics to enhance their trading strategies. The competitive spreads and diverse trading options offered by FP Markets provide the strategic flexibility and cost efficiency crucial for navigating the complexities of the ASX Index market. This combination of technology, cost-effectiveness, and variety makes FP Markets an excellent choice for traders looking to optimize their trading approach.

Pepperstone

Pepperstone Screenshot

Pepperstone offers a streamlined and efficient trading experience, perfect for those who appreciate simplicity and breadth in their ASX Index trading. The ease of account setup is matched by a vast selection of over 1200 trading instruments, ensuring you have the versatility to trade as you see fit. The Razor Account, known for its low initial spreads, is particularly appealing for those mindful of trading costs. Backed by rigorous regulatory standards, Pepperstone provides a trading platform that's both accessible and secure, making it a favored choice among traders of all experience levels.

Plus500

Plus500 Screenshot

Plus500 is an ideal platform for those seeking a straightforward and efficient approach to ASX Index trading. The platform is known for its user-friendly interface, making it accessible even to those new to trading. With a comprehensive range of trading instruments and a focus on transparent pricing, Plus500 ensures that traders can navigate the ASX Index market with clarity and confidence. Additionally, the strong regulatory framework surrounding Plus500 provides an added layer of security for traders, making it a reliable choice for engaging with the ASX Index.

Trading ASX Indices

Below is a list of all ASX indices available to trade, along with links to more information:

It's important to note that you can gain exposure to them through various investment products, such as:

eToro AUS200 Index Trading

Top Stocks On The ASX 200 Index

ASX 200 Sector Composition

Pros and Cons Trading Australian Securities Exchange

Trading Australian stocks, like any investment, comes with its own set of advantages and disadvantages. Here's a concise overview:

ASX Stock Trading Pros:

Diverse Market: The Australian Securities Exchange (ASX) offers a wide range of industries, from mining and resources to banking and technology, allowing for diversified investment portfolios.

Regulatory Environment: Australia's strong regulatory framework, overseen by the Australian Securities and Investments Commission (ASIC), ensures a fair, transparent, and well-regulated trading environment.

Dividend Yields: Australian companies have a reputation for paying higher dividend yields compared to global averages, which can be attractive for income-focused investors.

Economic Stability: Australia has demonstrated economic resilience and stability over the years, with a strong banking system and a relatively stable political climate, which can be reassuring for investors.

Growth Opportunities: The ASX includes not only large-cap companies but also a significant number of small to mid-cap companies, offering growth opportunities.

ASX Stock Trading Cons:

Market Size: Compared to larger global markets like the US or Europe, the ASX is relatively small, which might limit the scale of investment opportunities.

Currency Risk: For international investors, investing in Australian stocks involves currency risk, as fluctuations in the Australian dollar (AUD) can affect returns.

Commodity Dependence: The Australian market has a significant emphasis on commodities and natural resources, which can make it more susceptible to commodity price volatility.

Time Zone Differences: For investors not based in the Asia-Pacific region, the ASX trading hours might be inconvenient, affecting the ability to trade in real-time.

Limited Global Exposure: While the ASX has some multinational companies, it offers less exposure to global markets compared to exchanges in the US and Europe, potentially limiting diversification benefits.

In summary, trading Australian stocks can offer unique opportunities and benefits, particularly in terms of dividend yields and market diversity, within a robust regulatory system. However, considerations such as market size, currency risk, and commodity dependence are crucial to weigh against the potential advantages.

Types of ASX Brokers

In the ASX trading ecosystem, seasoned traders have access to a diverse range of brokerage firms, each catering to specific trading needs and strategies:

Full-Service ASX Brokers: Catering to those seeking a comprehensive trading and investment partnership, these brokers deliver an extensive suite of services. Beyond mere transactional capabilities, they offer in-depth market analysis, strategic investment advice, retirement planning solutions, and more, tailored to the sophisticated investor's portfolio.

Online/Discount ASX Brokers: For the trader focused on efficiency and cost-effectiveness, these platforms provide streamlined, self-directed trading opportunities. Renowned for their competitive fee structures, they strip back the frills, offering a no-nonsense, direct approach to market entry and execution, sans the advisory services.

Direct Market Access (DMA) ASX Brokers: These entities empower the advanced trader with unfiltered access to the ASX, facilitating direct order placement within the market's order book. This setup is ideal for those employing high-frequency, algorithmic strategies or seeking granular control over their trade execution.

ASX CFD Brokers: For traders speculating on price movements rather than acquiring physical holdings, CFD brokers offer a platform to engage with ASX-listed securities through contracts that track their price fluctuations, without the necessity of owning the underlying assets.

For those in pursuit of detailed broker assessments, recommendations, or to verify the licensing of financial entities, the authoritative resources provided by the ASX itself or the Australian Securities and Investments Commission (ASIC) are invaluable. ASIC's comprehensive database serves as a vital tool for confirming a broker's adherence to the stringent regulatory frameworks in place, ensuring a secure and transparent trading environment.

How to Select the Right ASX Broker

Selecting the right ASX broker involves evaluating several key factors to ensure they meet your investment needs and preferences. Firstly, consider the broker's fees and commission structure, as these can significantly impact your investment returns. Look for a broker that offers a platform and tools that match your trading style and experience level, whether you're a beginner or a seasoned trader.

It's also crucial to assess the range of services and securities offered, ensuring they align with your investment goals. Additionally, verify the broker's regulatory compliance and reputation for reliability and customer service. Choosing a broker with robust educational resources can also be beneficial, especially for new investors. Finally, ensure their trading platform is user-friendly and accessible, with adequate support services to assist you in navigating the complexities of the ASX market.

Here are some things investors should consider when choosing the ASX broker. 

Should I Check the ASX Broker’s Background

To many people, carrying out a background check on ASX brokers is not a necessary part of the process. They are of the opinion that this is a waste of precious time. The truth is that checking the history of any broker you plan on registering with can help you in many ways. For instance, it can help to make you feel certain that you are making the right choice for your personal needs.

It is always important to check how a broker has been performing in the past and there are some other factors that need to be considered here. These could be checking how other investors are faring while using the platform in question, the number of years it has been working in the stock market and many more. The more facts you can find out about an ASX broker, the better and safer your funds.

Consider their Minimum Deposit

This is another crucial factor that has to be taken into serious consideration. There is no need for you to be registering with a broker that does not allow your expected minimum deposit requirement. This is because you will not be allowed to trade without it matching your budget.

Brokers tend to vary when it comes to the amount they require as a deposit before investors can become active in the ASX market. For instance, some brokers request minimum of 50 Australian dollars. On the other hand, there are some that may request a much higher or lower amount.

It is all about choosing a broker that has a minimum deposit which fits into your budget. With this in mind, you can buy and sell stocks in the Australian stock exchange market without any limitations. The best thing to do is to compare the minimum deposits required by various brokers and find one that suits you best.

Find Out Whether Your Broker Is Regulated

Any broker that is not regulated in Australia is not worth registering with. This is because something will undoubtedly go wrong which will bring about a huge loss. No matter how attractive their charges and other features may sound, ensure that you stay away from them. You could even end up getting into trouble with the law.

In every country, there are laws and bodies that guide the activities of stock brokers. Any broker that bypasses these regulations is not worth doing business with. The fact that they are not registered is only a sign that their activities are not transparent enough.

Check ASX broker regulation

Consider Their Commissions and Charges

ASX brokers charge fees and commissions for their services rendered. This amount usually varies from broker to broker. It is important you pay attention to this aspect in order to avoid spending unnecessarily later on. For instance, some brokers have hidden charges and they are not transparent in their dealings with clients. Ask questions about charges and fees to know much you will be paying each time orders are placed using their platforms before making a final decision.

Verdict on ASX Brokers

Choosing the right ASX broker is a critical decision for any investor looking to navigate the Australian stock market effectively. The best ASX brokers offer a combination of competitive fees, a user-friendly trading platform, a wide range of investment options, and excellent customer support. They are also well-regulated by ASIC, ensuring a secure and transparent trading environment.

While the decision will ultimately depend on individual investment goals, trading style, and level of expertise, prioritizing brokers that align with these criteria can significantly enhance your trading experience. It's essential to conduct thorough research, consider both online and full-service options, and possibly test platforms through demo accounts before committing.

Given our chats about getting into trading, I wanted to break down how trading ASX indices works, especially since I've been trading indices for two decades. The Australian Securities Exchange (ASX) is similar to other major global markets, yet it has a unique flair.

Trading indices like the ASX, you're speculating on a basket of Aussie stocks' performance, representing a market segment. The ASX, like its US international indices counterparts – the SP 500, the Dow Jones, or the NASDAQ – offers a way to gain exposure to the broad market or specific sectors without having to pick individual stocks.

Global financial markets are more intertwined than ever. Events impacting the FTSE 100, DAX, CAC 40, or the Nikkei can ripple through to the ASX.

It's also worth keeping an eye on indices like the Hang Seng Index or the Russell 2000 Index, to get a feel for emerging markets and smaller companies, respectively. This global perspective can inform your ASX trading strategies, providing insights into potential market movements.

Remember, each index has its characteristics, influenced by the regional economy, political stability, and other factors. Diversifying across different indices can mitigate risks and potentially smoothen out the volatility in your portfolio.

Always do your due diligence when trading the ASX Index. ASX indices trading platforms and brokers differ in fees, services, and reliability. Whether you're trading domestically on the ASX or looking at international indices, picking the right broker is crucial.

We have conducted extensive research and analysis on over multiple data points on ASX Brokers to present you with a comprehensive guide that can help you find the most suitable ASX Brokers. Below we shortlist what we think are the best ASX Brokers Trading Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching ASX Brokers.

Reputable ASX Brokers Checklist

Selecting a reliable and reputable online ASX Brokers Trading Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade ASX Brokers Trading Platforms more confidently.

Selecting the right online ASX Brokers Trading Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of ASX Brokers Trading Platforms in Our Brokerage Comparison Table

When choosing a broker for ASX Brokers Trading Platforms trading, it's essential to compare the different options available to you. Our ASX Brokers Trading Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a ASX Brokers Trading Platforms broker that best suits your needs and preferences for ASX Brokers Trading Platforms. Our ASX Brokers Trading Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 ASX Brokers Trading Platforms of 2024 compared

Here are the top ASX Brokers Trading Platforms.

Compare ASX Brokers Trading Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a ASX Brokers Trading Platforms broker, it's crucial to compare several factors to choose the right one for your ASX Brokers Trading Platforms needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are ASX Brokers Trading Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more ASX Brokers Trading Platforms that accept ASX Brokers Trading Platforms clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets EasyMarkets SpreadEx FXPro
Rating
★★★★☆
★★★★☆
★★★★☆
★★★★☆
★★★★☆
★★★★☆
★★★★☆
★★★★☆
★★★★☆
★★★★☆
★★★★☆
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 100 1 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 142,500+ 10,000+ 1,866,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets 		Sign Up with
roboforex 		Sign Up with
etoro 		Sign Up with
xtb 		Sign Up with
xm 		Sign Up with
pepperstone 		Sign Up with
avatrade 		Sign Up with
fpmarkets 		Sign Up with
easymarkets 		Sign Up with
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fxpro
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk Losses can exceed deposits 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Demo IC Markets
Demo 		Roboforex
Demo 		eToro
Demo 		XTB
Demo 		XM
Demo 		Pepperstone
Demo 		AvaTrade
Demo 		FP Markets
Demo 		easyMarkets
Demo 		SpreadEx
Demo 		FxPro
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR


All ASX Brokers Trading Platforms in more detail

You can compare ASX Brokers Trading Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top ASX Brokers Trading Platforms for 2024 article further below. You can see it now by clicking here

We have listed top ASX Brokers Trading Platforms below.

last updated on

ASX Brokers Explained

Trading volatile financial markets with ASX Brokers can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by ASX Brokers to ensure a successful trading experience.

Selecting ASX Brokers at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile ASX markets effectively.

Reliability is key to gaining access to financial markets. Look for ASX Brokers that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with ASX Brokers confidently.

6 Factors to Consider when Choosing ASX Brokers

Follow these five rules for selecting ASX Brokers that are right for you:

Are Your ASX Brokers Trusted And Established?

Search for a reputable ASX Brokers with a extensive proven track record for ASX, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated ASX broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.

IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Another top rated broker is Roboforex.

Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.

Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets
Year Established 2007 2009 2007 2002 2009 2010 2006 2005
Head Office Australia Belize Cyprus, UK Poland Cyprus Australia Ireland Australia
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
Used By 180,000+ 1,000,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 10,000+
Negative balance protection Yes Yes Yes Yes Yes Yes Yes Yes
Guaranteed Stop Loss No No No No No No No No
Learn More Visit IC Markets Visit Roboforex Visit eToro Visit XTB Visit XM Visit Pepperstone Visit AvaTrade Visit FP Markets
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits

Are The ASX Brokers World Leading?

Opt for ASX Brokers that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.

In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for ASX Brokers is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets
Instruments Available 2250 100 5000 5600 1000 1200 1250 290
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR, US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ
Forex pairs offered 61 35 50 57 55 70 55 70
Forex pairs offered 61 35 50 57 55 70 55 70
Major forex pairs Yes Yes Yes Yes Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes No Yes No No Yes Yes Yes
Commodities Offered 20 21 31 21 15 16 17 18
Metals Yes Yes Yes Yes Yes Yes Yes Yes
Energies Yes No Yes Yes Yes Yes Yes Yes
Agricultural Yes No Yes Yes No Yes Yes Yes
Stocks Offered 2100 0 2042 1696 160 1100 1000 10000
UK Shares Yes Yes Yes Yes Yes Yes Yes Yes
US Shares Yes Yes Yes Yes Yes Yes Yes Yes
German Shares Yes Yes Yes Yes Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes Yes Yes Yes Yes

What are the ASX Brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated ASX broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.

Another top rated ASX broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets
Min Deposit 200 10 100 0 5 200 100 100
Withdrawl Fees No Yes Yes varies No No No No
Inactivity Fees No No Yes Yes Yes No No No
Deposit Fees Varies No No No No No No Yes
CFD Commission Fees Yes No Yes Yes No Yes No Yes

What are the ASX Brokers Funding and Withdrawal Methods?

Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with ASX Brokers. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with ASX Brokers.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets
Bank transfer Yes Yes Yes Yes Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes Yes Yes Yes Yes
Paypal Yes No Yes Yes No Yes Yes Yes
Skrill Yes No Yes Yes No Yes No Yes
Payoneer No Yes No Yes No Yes Yes No
Neteller Yes Yes Yes Yes Yes Yes Yes Yes

Find ASX Brokers with Round-the-clock support?

Effective customer service is an essential factor to consider when dealing with ASX Brokers.

ASX Brokers customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.

The customer support options offered by ASX Brokers can include phone answering services, live chat support, and email customer service support.

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian

IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque
Learn More Visit IC Markets Visit Roboforex Visit eToro Visit XTB Visit XM Visit Pepperstone Visit AvaTrade Visit FP Markets
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits

Make sure the ASX Brokers Offer Comprehensive Trader resources?

It's important to ensure your ASX Brokers provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.

Sound risk and money management are vital to financial market navigation with ASX Brokers. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with ASX Brokers.

Why ASX Brokers needs to be regulated?

Regulated ASX Brokers lowers your risk of loss of deposited trading funds.

Lowering your risk is one of the benefits of working with a properly regulated ASX Brokers.

Consumers are protected by ASX Brokers regulation, critical to preventing inadequate services and potential financial harm.

Regulation of ASX Brokers is necessary to prevent fraud. The ASX Brokers working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with ASX Brokers is monitored by financial regulators in the jurisdictions brokers are allowed to operate.

ASX Brokers List

IC Markets
★★★★☆ (4/5)
Min deposit : 200
Visit IC Markets Try a Demo Read review
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
★★★★☆ (4/5)
Min deposit : 10
Visit Roboforex Try a Demo Read review
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
★★★★☆ (4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
★★★★☆ (4/5)
Min deposit : 0
Visit XTB Try a Demo Read review
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
★★★★☆ (4/5)
Min deposit : 5
Visit XM Try a Demo Read review
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
★★★★☆ (4/5)
Min deposit : 200
Visit Pepperstone Try a Demo Read review
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
★★★★☆ (4/5)
Min deposit : 100
Visit AvaTrade Try a Demo Read review
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
FP Markets
★★★★☆ (4/5)
Min deposit : 100
Visit FP Markets Try a Demo Read review
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
EasyMarkets
★★★★☆ (4/5)
Min deposit : 100
Visit easyMarkets Try a Demo Read review
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
★★★★☆ (4/5)
Min deposit : 1
Visit SpreadEx Try a Demo Read review
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
★★★★☆ (4/5)
Min deposit : 100
Visit FxPro Try a Demo Read review
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

ASX Brokers FAQ

What are the best ASX Brokers Trading Platforms brokers?

The best ASX Brokers Trading Platforms brokers that are regulated are

What is the best ASX Brokers Trading Platform broker?

The best ASX Brokers Trading Platform broker is IC Markets. We consider IC Markets one of the best ASX Brokers Trading Platforms brokers because IC Markets is actively used by over 180000 active traders. IC Markets ia regulated by tier 1 financial regulators including Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). IC Markets were founded in 2007 and have a headquarters in Australia. You can open a live trading account with IC Markets with as little as a 200 min deposit.

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Related ASX Brokers Alternatives

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Related ASX Brokers Comparisons

Browse through our selection of ASX Brokers comparisons where we provide side-by-side analysis of our highest rated ASX Brokers options. Explore some of our ASX Brokers VS pages listed below.


Learn more Learn more about IC Markets. Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits