Top Australian Brokers for 2022
We found 11 online brokers that are appropriate for Trading Australian.
Best Australian Brokers Guide
Updated May 21, 2022
Australia Financial Markets
Trading On The Financial Markets In Australia
Australia, particularly Sydney, For centuries, has served as a global financial centre.
The financial sector has seen significant changes as a result of restructuring and deregulation during the previous three decades. The Australian Securities Exchange ASX, insurance, banking, shipping, and commodity markets.
Australia known as AUS, Oz or Aussie / Ozzie has a number of established reputable financial markets.
The main Australian securities markets include the The Australian Securities Exchange which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.
Australia Brokers
You can trade in Australia irrespective of which corner of the world you reside in, but it is better to do it through Australian brokers who have a registered presence in Australia.
We have listed several of the best online Australian brokers for trading stocks, CFDs, forex, commodities and cryptocurrencies. These brokers are a gateway for you to safely trade online in the financial markets in Australia.
What Is A Stockbroker?
A stockbroker is a professional who buys and sells stocks on someone else’s behalf. That could be on behalf of either an individual or organiziation, such as an investment fund.
Following are the ways in which stockbrokers can operate:
- Advisory: This involves them offering suggestions or advice on the best possible investment or trading decision. They cannot conduct any trades without their customer’s permission.
- Discretionary: This is where they completely manage their client’s portfolio and manage it on their behalf.
- Execution-only: Here, the stockbroker does not offer advice. They only conduct the trades and make the investments they are requested to.
What To Look For In An Australian Stock Broker
There are many different types of stockbroking firms and many of them have their own strengths and weaknesses. If you are looking to trade in the stock markets, you should consider using one of the many accredited Australian stock brokers. The two main types of stockbrokers are discount brokers and full-service brokers.
Discount brokers are the cheapest option available to most investors. They are known by several names such as market makers, floor traders, electronic communication networks or computerized transaction processors and are available nationwide. As their name suggests, these brokers do not act as representatives or brokers on behalf of buyers and sellers. Instead, they act as mediators between buyers and sellers by providing a discount rate on trades made by their clients. This allows them to earn a commission on each trade and thus remain within the boundaries of the law. However, since they are only licensed to do business in a few states, there is no protection from breaches of contract or fraud.
Full-service brokers, on the other hand, are accredited by the Australian Securities and Investments Commission (ASIC). These brokers usually have trading tools and a website that they use exclusively for transactions. You can purchase an account with one of these full services brokers and start trading immediately. However, they often charge high commissions and have more strict rules regarding customers.
Most full-service brokerage firms have a number of investment products and/or services. Full-service companies have a wide variety of investment options, while the mini-broker firms usually offer just stock trading platforms and investment services. Most investors prefer the services of full-service brokerage firms because they have higher commissions and more selection. But there are investors who look for a low-cost alternative to the full-service brokerage firm. In this case, they usually choose the online mini-brokerage.
Trading In Australia: What You Need To Know
There are many ways for investors and traders to make money and the most popular of these ways is trading in Australia. However, there are also many pitfalls that many investors face when they want to trade in Australia. If you are new to trading in Australia, you will need to familiarize yourself with these pitfalls in order to avoid them and make the best decisions that you can regarding your trading activities.
One of the most common pitfalls for investors and traders is to use bells and whistles that will help them win trades quickly. There is nothing wrong with using bells and whistles if you are a professional stock trader. However, if you are just beginning in the world of stock trading, then you may be better off leaving them behind. Many investors and traders in the world today use bells and whistles while trading. This is because these bells and whistles will only serve to distract you from the real important things you need to know about stock trading. If you want to know what you should know about Australian stock trading, then it is best that you don't deal with these distractions.
Another common pitfall for novice investors and traders is to seek the advice of people who are 'in the business' or who are 'experts’ about stock trading. When you are seeking advice from an expert, you are usually referred to as a 'broker'. Many investors and traders also believe that they are dealing with an expert when in reality they are dealing with a brokerage firm. The problem with this belief is that the brokerages do not have any real power over the market.
Trading Types Australia
The number of and types of trading instruments and securities vary greatly between Australian brokers, Most offering stocks, CFDs, forex, commodities and cryptocurrencies trading as these are the most popular in Australia.
The Australian Securities Exchange in Sydney focuses primarily on providing the traders with a fair and transparent marketplace. Formed in 1987, ASX is the primary stock market in the country and is widely known as the Sydney Stock Exchange. The Australian Securities Exchange is the 10th largest stock exchange in the world and the Australian Securities and Investment Commission regulates it.
Trading Opportunities In Australia
If you are looking for trading opportunities in Australia it is important to understand the countries main imports and what the prospective sectors are. It is important to do your own research as some Australian brokers may not or cannot offer you financial advice.
Just like other developed and developing countries, Australia imports a wide range of products and the notable ones are chemicals, electronic products, agricultural products and machinery. Data from export.gov reveals prospect sectors to include auto parts, mining, building products, gas equipment, medical equipment and cloud computing.
The current FDI threshold in Australia is lower than what it was before 2005. Thanks to the Australian Free Trade Agreement for implementing investor-friendly measures that include enhanced two-way investments and providing better intellectual property protection.
The demand for Australia's natural resources is always high and this is the reason its GDP expanded to nearly 5 percent over the years. Apart from all this, traders also believe the country to be a gateway for Far East business opportunities.
Challenges Faced By Traders In Australia
A challenge that investors face in Australia is that parts of Australia are very remote. The second challenge is that exporters need to come from an established market in order to be successful in Australia due to regulation. Companies in Australia have begun to prioritize buying from suppliers in emerging markets in more recent times.
Data for the past three decades reveals the Australian dollar is highly volatile and this makes investing riskier over a longer period.
Apart from all these issues, obtaining electricity and registering property in the country is not as fast as for example the United Kingdom or the United States. Over fifty countries are listed as having better processes than Australia in these matters. Australia also lacks in providing proper protection to smaller investors and trading across borders can bring up issues due to Australia's strict import/export laws.
Trading Style
Share traders come in many types. After you figure out which trader category you fit into, you will be able to pick the best trading program fit for you. For instance, there are active traders, casual traders, and long-term investors.
That affects the features you aim to seek out in an online stockbroker. From the user-friendliness of the system to the market research data accessible, it is crucial that the platform you choose suits your trading requirements. Find out your trading style looking at the factors below:
Trade Frequency
If you happen to buy and sell shares online once or a couple of times a month (or even less frequently), you are what they call a casual investor. In such a case, you should stay away from brokers that impose inactivity fees, or in other cases, charge loftier broker fees for traders that are conducted less often.
If you aim to deal in shares numerous times in a day, you are an active trader. Active traders must find platforms offering low brokerage of HFT (high frequency trading). A broad range of trading tools like charting tools and order options are also recommended in a broker.
Trader Vs Investor
Traders normally try to earn revenue from movements in share prices by frequently buying and selling stocks. This often occurs multiple times a day or week. Low brokerage charges and advanced features are crucial for traders, and they may see the stock analysis feature more essential than dormancy fees.
Investors, on the other hand, make use of the “buy and hold” business strategy by focusing on companies they believe will evolve throughout a long timeframe and possibly even yield dividends. Investors may buy and sell only a few select times a year, hence, it is crucial for them to consider inactivity fees; more so than a stock analysis feature.
Platform
Consider where and how you will be placing your trades, e.g., online, through a mobile application, or via phone. It helps to ensure that the platform you are choosing has your preferred features, and review the fees associated.
Share Types
Decide whether you want to trade US shares, Australian shares, or other global markets. Some brokers online also provide other markets, i.e., international currencies and digital currencies. Based on your priorities, you may either go with a single broker offering all the types of shares you wish to deal in, or multiple brokers (one for every market).
The Amount
Determine whether you are aiming to invest a sum total of 5000 USD into the stock market, or make numerous trades of some hundred dollars. The fees associated also differ based on the amount you are dealing in per month, annually, per per trade.
Types Of Trading Fees
Three main types of fees that usually apply when using online trading platforms, i.e., monthly fees, brokerage fees, and forex fees in case of global share trading. These types of fees vary broadly among providers but normally begin around approximately the 10 USD to 20 USD range. For such transactions, charges of around 0.1 and above normally apply. If you aim to make numerous trades, you will have to look out for a platform offering low trading fees (per-trade basis).
Some brokers may not charge month-based fees at all. More up-to-date and advanced trading platforms, however, and ones offering premium tools and services will oftentimes charge monthly fees that could go as high as 80 USD every month. Some brokers may let go of this fee if their client performs multiple trades per month.
Ultimately, it is also important to remember that a lot of brokers offer varying membership tiers, i.e., for instance, silver, gold, and platinum. These tiers come with different features and, as a result, incur varying charges, discussed below:
Brokerage/Commission Fees
Brokerage or commission fees are the ones that apply to every stock and ETF buy and sell transaction. These normally differ based on the size of the buy and sell order and the frequency of trade.
Outgoing Charges
Such fees apply either monthly or yearly; however, all providers do not charge their clients with ongoing fees. This usually depends on how frequently a trader conducts their trades, for instance, some traders may be charged with dormancy penalty fees if they do not conduct any trades in a certain amount of time.
Withdrawal Charges
Some stockbrokers charge fees for withdrawing funds from their accounts. These also vary depending on the broker.
Forex Fees
If you aim to buy US shares or other types of global shares, you may be charged with an exchange fee when you deposit money into your user account to convert your AUD to the relevant currency.
Are Australian Brokers Regulated
Australian brokers are licensed under the ASIC (or the Australian Securities and Investment Commission).
It operates under the PS It is regulates all companies based in Australia, financial markets, and financial administrations and professionals who offer advice on:
- Superannuation
- Investments
- Insurance
- Deposit-taking
- Credit
The regulatory bodys duty is to:
- Enhance and facilitate financial system performance in Austalia.
- Facilitate informed investor participation.
- Implement the law effectively.
- Publicize crucial information as early as possible.
- Ensure the protection of clients’ rights.
Trading In Australia Verdict
Australia has a mature economy and a stable political system. Australian brokers are cooperative and professional. Financial institutions play a good role in regulating the exchanges. So, the thumb rule is only to deal with a reputable Australian broker and ensure they offer an industry-standard trading platform.
Ensure when you deposit your margin deposit is done through a secured channel and your fund is kept in a separate bank account so that if your broker does have financial difficulties you have a level of protection.
We've collected thousands of datapoints and written a guide to help you find the best Australian Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best australian brokers below.
Trading in Australia
When trading in Australia you will need to know what your options with your Australia trading broker are.
We list below the trading account types available in Australia. If you are looking for brokers in Australia that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Australia broker guide will explain the things you should check and be aware of before you invest.
Forex Trading in Australia
Forex trading is growing in popularity in Australia. The volume of Forex traded in Australia has increased year on year over the last five years.
Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.
Advances in online technology, higher internet coverage in Australia and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.
Is Forex Trading Legal in Australia?
Their is a misconception that trading Forex on the financial market in Australia is considered unsafe. This is not the case, Forex trading in Australia is very active.
Trading in Forex is allowed in Australia as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Australia Forex trading is not banned, their are many international online brokers offering favourable trading conditions.
Do Forex Traders Pay Tax in Australia?
Once a traders profits reach a level where the income on the Forex trading can be taxed in Australia the trader should make sure all taxes owed for a financial year are paid. Australia taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Australia. You should seek advice with a Australia tax professional to ensure they are abiding by all proper tax laws in Australia. In Australia Islamic accounts do not have additional restrictions on trades.
Cryptocurrencies in Australia
Cryptocurrency markets in Australia are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in Australia things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Australia for example.
Due to a large young population in Australia with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Australia. $6 billion USD worth of Bitcoin is traded daily around the world.
Commodity Trading in Australia
In Australia commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Australia since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Australia are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Australia here.
Islamic Accounts in Australia
Australia brokers support Islamic accounts or swap-free accounts. Australia Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Australia offer accounts that are suitable for Islamic traders. These Australia brokers complies with Sharia law.
Benefits of Trading in Australia
Australia economy and population is growing. The middle class population in Australia is increasing which means a growing consumer base. Many business and financial opportunities exist in Australia. Australia has a young population educated in technology and the internet.
Concerns of Trading in Australia
Australia digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Australia guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Australia Brokers offering high leverage trades in Australia can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Australia brokers offer as a level of protection. you can learn more about further below on this guide.
Reputable Australian Brokers Checklist
There are a number of important factors to consider when picking an online Australian trading brokerage.
- Check your Australian broker has a history of at least 2 years.
- Check your Australian broker has a reasonable sized customer support of at least 15.
- Does the Australian broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Australian broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Australian broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Australian can hire people from various locations in the world who can better communicate in your local language.
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Australian broker if you wish your broker to be 100% local check they are governed and regulated by the below.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Australian Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Australian Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Australian Brokers of 2022 compared
Here are the top Australian Brokers (AU).
Compare Australian Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are australian brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more australian brokers that accept australian clients
| Broker |
eToro
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IC Markets
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Roboforex
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AvaTrade
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Pepperstone
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XM
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FP Markets
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Trading212
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Plus500
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NordFX
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EasyMarkets
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| Rating | |||||||||||
| locality | eToro accept Australian clients | IC Markets accept Australian clients | Roboforex accept Australian clients | AvaTrade accept Australian clients | Pepperstone accept Australian clients | XM accept Australian clients | FP Markets accept Australian clients | Trading 212 accept Australian clients | Plus500 accept Australian clients | NordFX accept Australian clients | easyMarkets accept Australian clients |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, 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) | 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 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
| Min Deposit | 10 | 200 | 1 | 100 | 200 | 5 | 100 | 1 | 100 | 1 | 100 |
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| Used By | 27,000,000+ | 180,000+ | 10,000+ | 300,000+ | 89,000+ | 3,500,000+ | 10,000+ | 15,000,000+ | 15,500+ | 10,000+ | 142,500+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with roboforex |
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Up with avatrade |
Sign
Up with pepperstone |
Sign
Up with xm |
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Up with fpmarkets |
Sign
Up with trading212 |
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Up with plus500 |
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Up with nordfx |
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Up with easymarkets |
| Risk Warning | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | Your capital is at risk | Losses can exceed deposits | 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. | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk |
| Demo |
eToro Demo |
IC Markets Demo |
Roboforex Demo |
AvaTrade Demo |
Pepperstone Demo |
XM Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
NordFX Demo |
easyMarkets Demo |
| Excluded Countries | 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, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY | US, JP, NZ | US, CA | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | No | US |
eToro Risk Disclosure
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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
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.
All Australian brokers in more detail
You can compare Australian Brokers 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 Australian Brokers for 2022 article further below. You can see it now by clicking here
We have listed top Australian brokers below.
Australian Brokers Table of Contents
- Financial Markets in Australia
- Online Trading in Australia
- Forex Trading in Australia
- Is Forex Trading Legal in Australia
- Do Forex Traders Pay Tax in Australia
- Cryptocurrencies in Australia
- Commodity Trading in Australia
- Islamic Accounts in Australia
- Benefits of Trading in Australia
- Concerns of Trading in Australia
- Australian Brokers Explained
- 6 Factors to Consider when Choosing Australian Brokers
- Are Your Australian Brokers Trusted And Established?
- Are The Australian Brokers World Leading?
- What are the Australian Brokers Commissions and Fees?
- What are the Australian Brokers Funding and Withdrawl Methods?
- Find Australian Brokers with Round-the-clock support?
- Make sure the Australian Brokers Offer Comprehensive Trader resources?
- Why Australian Brokers needs to be regulated?
- Australian Brokers FAQ
- What are the best Australian brokers?
- What is the best Australian broker?
- Is Forex Trading Legal in Australia?
- Do Forex Traders Pay Tax in Australia?
- How do you trade Forex or CFDs in Australia?
- Related Australian Brokers Reviews
- Related Australian Brokers Alternatives
- Related Australian Brokers Comparisons
Australian Brokers Explained
Trading the financial markets with Australian Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Australian Brokers is the platform that a Australian Brokers offer.
Choose Australian Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Australian Brokers that you can rely on.
6 Factors to Consider when Choosing Australian Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Australian Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Australian broker is eToro. Established in 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 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 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
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IC Markets
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Roboforex
|
AvaTrade
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Pepperstone
|
XM
|
FP Markets
|
Trading212
|
| Year Established | 2007 | 2007 | 2009 | 2006 | 2010 | 2009 | 2005 | 2006 |
| Head Office | Cyprus, UK | Australia | Cyprus | Ireland | Australia | Cyprus | Australia | UK |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, 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) | 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 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Used By | 27,000,000+ | 180,000+ | 10,000+ | 300,000+ | 89,000+ | 3,500,000+ | 10,000+ | 15,000,000+ |
| Negative balance protection | Yes | Yes | No | No | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | Yes |
| Learn More | Visit eToro | Visit IC Markets | Visit Roboforex | Visit AvaTrade | Visit Pepperstone | Visit XM | Visit FP Markets | Visit Trading 212 |
| Risk Warning | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | Your capital is at risk | Losses can exceed deposits | 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. |
Are The Australian Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the eToro platform enables access to a variety of financial markets worldwide. eToro 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 Australian Brokers is IC Markets. IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
|
IC Markets
|
Roboforex
|
AvaTrade
|
Pepperstone
|
XM
|
FP Markets
|
Trading212
|
| Instruments Available | 2000 | 232 | 100 | 1250 | 1200 | 1000 | 100 | 10000 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Excluded Countries | ZA, 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, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | US | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY, PT | US, JP, NZ | US, CA |
| Forex pairs offered | 50 | 65 | 35 | 55 | 70 | 80 | 60 | 177 |
| Forex pairs offered | 50 | 65 | 35 | 55 | 70 | 80 | 60 | 177 |
| 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 | Yes | No | Yes | Yes | No | Yes | Yes |
| Commodities Offered | 31 | 19 | 21 | 17 | 16 | 15 | 18 | 14 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | Yes | Yes | No | Yes | Yes |
| Stocks Offered | 2042 | 110 | 0 | 1000 | 1100 | 160 | 10000 | 1731 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | No | 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 Australian Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Australian broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 10.
Another top rated Australian broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
|
IC Markets
|
Roboforex
|
AvaTrade
|
Pepperstone
|
XM
|
FP Markets
|
Trading212
|
| Min Deposit | 10 | 200 | 1 | 100 | 200 | 5 | 100 | 1 |
| Withdrawl Fees | Yes | No | Yes | No | No | No | No | No |
| Inactivity Fees | Yes | No | No | No | No | Yes | No | No |
| Deposit Fees | No | Varies | No | No | No | No | Yes | No |
| CFD Commission Fees | Yes | Yes | No | No | Yes | No | Yes | No |
What are the Australian Brokers Funding and Withdrawal Methods?
When dealing with Australian Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
IC Markets
|
Roboforex
|
AvaTrade
|
Pepperstone
|
XM
|
FP Markets
|
Trading212
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | Yes | Yes | No | Yes | Yes |
| Skrill | Yes | Yes | No | No | Yes | No | Yes | Yes |
| Payoneer | No | No | Yes | Yes | Yes | No | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
Find Australian Brokers with Round-the-clock support?
Customer service is very important when dealing with Australian Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Australian Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
|
IC Markets
|
Roboforex
|
AvaTrade
|
Pepperstone
|
XM
|
FP Markets
|
Trading212
|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, German, Spanish, French, Italian | 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 | 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, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 |
| Learn More | Visit eToro | Visit IC Markets | Visit Roboforex | Visit AvaTrade | Visit Pepperstone | Visit XM | Visit FP Markets | Visit Trading 212 |
| Risk Warning | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | Your capital is at risk | Losses can exceed deposits | 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. |
Make sure the Australian Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Australian Brokers needs to be regulated?
A regulated Australian broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Australian brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Australian Brokers List
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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
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.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
68% of retail investor accounts lose money when trading CFDs with this provider.