Top Australian Brokers for 2024

We found 11 online brokers that are appropriate for Trading Australian.

Best Australian Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - March 17, 2024

Australia Financial Markets

Trading In Australia

As someone who's been in the trading game for a good while now, I've seen the Aussie financial landscape evolve firsthand. Sydney's been on the map as a finance hub for ages, but the last 30 years have been a real rollercoaster with all the deregulation and shake-ups. Whether you call it AUS, Oz, or the land down under, this place is teeming with top-notch financial markets, with many modern ASIC regulated brokers allowing australian traders to trade global financial markets.

The Australian Securities Exchange (ASX), for instance. It's the main financial regulator in Australia, dealing in everything from stocks and shares to commodities and ETFs. Beyond that, you've got a whole ecosystem here, including banking, insurance, shipping, and commodities. If you're aiming to spread your investments around, Australia's got plenty of avenues to explore.

Check all brokers available to you in Australia have the financial instruments you want to trade, low fees, good funding and withdrawal options for AUD, good customer service and regulation.

Best Australian Brokers

The best brokers in Australia include IC Markets, eToro, XTB, RoboForex, and XM.

Best Australian Brokers Compared : An Expert's View

IC Markets

IC Markets Screenshot

IC Markets stands out for its narrow spreads and swift order execution, which are crucial for those of us engaging in scalping or day trading. They offer a broad spectrum of trading instruments like Forex, commodities, indices, and even cryptocurrencies. The regulatory backing from ASIC in Australia and CySEC in Cyprus is reassuring, providing a solid foundation of trust and compliance.

eToro

eToro Screenshot

eToro brings something quite unique to the table with its blend of social trading features and traditional brokerage services. It's particularly appealing if you're keen on leveraging the insights and strategies of established traders through CopyTrading. With a user base of over 30 million, the platform's scale and community can provide valuable insights. Plus, it's user-friendly and regulated by reputable entities like CySEC and the FCA, adding a layer of security for Australian traders.

RoboForex

Roboforex Screenshot

For those of us looking to trade in Australia with a bit more experience under our belts, RoboForex stands out as a reliable choice, particularly for those who swear by the MT4, MT5 trading platform's capabilities across different devices. It's a haven for traders looking to diversify their portfolio with a wide range of high risk leverage instruments, and if you're comfortable with leveraging, it offers some enticing options. The platform prides itself on being user-friendly and providing quick execution times, making it an excellent tool for seasoned Aussie traders with a bit more risk tolerance aiming to capitalize on their market predictions swiftly.

XTB

XTB Screenshot

For those of us who delve deep into market analysis and value educational resources to sharpen our trading acumen, XTB is a top contender. They don't just provide a platform for trading but also invest in trader education and comprehensive market insights. The regulatory oversight by the FCA and CySEC ensures that trading with XTB aligns with the safety and security standards we expect, especially here in Australia.

XM

XM Screenshot

XM shines in its commitment to customer support and the diversity of its trading offerings. It's a solid choice for traders who prioritize dependable support and a wide array of trading options. The regulatory framework, including ASIC, CySEC, and IFSC, ensures a secure trading environment, which is something we can't compromise on.

Our trading needs are as diverse as our strategies, and it's rare to find a one-size-fits-all broker. Depending on your focus, you might find value in platforms that cater specifically to novice traders with robust support and learning resources, or you might lean towards those that serve seasoned traders with competitive fees and advanced tools. The key takeaway? Opt for quality and regulation. A broker regulated by a top-tier authority within the Australian jurisdiction offers peace of mind regarding their legitimacy and reliability.

Regardless of where you are located, it is possible to trade in Australian financial markets. However, it is recommended that you utilize Australian brokers with a registered presence in the country. Fortunately, many reputable online Australian brokers are available for traders looking to invest in stocks and shares, commodities, currencies, and crypto assets.

These brokers provide a secure gateway for individuals to trade online in Australia's financial markets. Choosing a reliable broker can help ensure that your trades are executed efficiently and effectively while minimizing the risk of fraud or other security concerns.

As such, selecting a broker that meets your specific investment needs and has a strong reputation in the industry is crucial.

When searching for an Australian stock broker, consider several key factors to ensure a good match for your investment goals and trading style. Regulatory compliance is paramount; the broker should be licensed by the Australian Securities and Investments Commission (ASIC), ensuring safety and integrity.

Look for competitive fees and commission rates to minimize trading costs. Access to a wide range of Australian and international markets will offer more investment opportunities.

The broker's trading platform should be user-friendly, reliable, and equipped with robust tools and resources for market analysis.

Customer service quality is crucial for support and assistance. Lastly, consider the broker's reputation and the experiences of other traders through reviews and recommendations.

With a wide range of stockbrokers available in a country like Australia, it can be challenging to know where to start. There are many accredited stockbrokers, and two main types of brokers are available: discount and full-service.

Understanding Australian Stockbrokers: A Perspective for Mature Traders

Stockbrokers are the linchpin in the realm of stock trading, offering essential services for both individual investors and large organizations, like investment funds, to buy and sell shares. Our experience in the market teaches us the nuanced roles these brokers play.

Here is a rundown on the different types of brokers you might encounter in Australia:

Trading In Australia: What You Need To Know

If you're considering trading in Australia, it's important to understand the potential pitfalls you may encounter. One common mistake new traders make is relying too heavily on bells and whistles, such as flashy trading software or complicated strategies, to make quick profits. While these tools can be useful for experienced traders, beginners should build a strong foundation of knowledge and skills before adding any extras to their trading toolkit.

Another mistake to avoid is blindly following the advice of so-called 'experts' or brokerage firms. While these individuals and organizations may have valuable insights to share, it's important to remember that, ultimately, the market is unpredictable, and no one can guarantee success. Instead, take a measured and informed approach to trade by conducting research, learning from reputable sources, and developing a solid trading plan based on your goals and risk tolerance.

By being aware of these common pitfalls and avoiding them, you can increase your chances of success as a trader in the Australian stock market. Remember, trading is a learning process, and taking a thoughtful and disciplined approach can help you achieve your financial goals over time.

Types of Trading in Australia

Australia's financial markets provide a wide range of trading opportunities for investors. Australia's financial markets provide investors with a broad range of trading opportunities. By carefully considering their investment goals and risk tolerance, investors can take advantage of the many opportunities available in the Australian markets.

AUD Trading Chart

Some of the most significant trading opportunities in Australia include:

Forex Trading in Australia

Forex trading is popular among Australian traders, and the Australian dollar is among the most exchanged currencies in trading platforms worldwide. Anyone who wants to start forex trading in Australia must become a member of ASIC, the financial markets regulator in the country.

It is recommended to deal only with ASIC-regulated forex brokers to ensure safety while trading. Forex trading is subject to tax by ASIC, and all income from forex and CFD trading is taxable.

Australian Forex Brokers

Australian forex brokers are available both domestically and abroad for traders who want to start trading. Most brokers are legitimate and regulated, but ensuring they are ASIC-regulated before starting to trade is essential. When choosing a forex broker in Australia, traders should consider the trading account features, available currency pairs, and trading platforms the broker provides to make informed trading decisions.

Top Australian Forex Brokers

Forex brokers with years of trading experience are considered the best in the market. Still, some excellent Australian brokers offer commission-free trading, making it easier for traders to start trading. When choosing a forex broker in Australia, traders should consider the trading account features, available currency pairs, and trading platforms the broker provides to make informed trading decisions.

When choosing a forex broker in Australia, it is important to consider the different features offered on their trading accounts. These features typically include trading costs such as commission charges, leverages, spreads, and options for withdrawals and deposits. It may also be beneficial to look for a broker that offers commission-free trading to reduce costs. However, ensuring that these offerings align with your preferences and needs is important.

One key aspect to consider is the broker's range of currency pairs. Most Australian brokers opt for highly liquid currencies, so selecting a broker that offers the currencies you are interested in trading is important.

In addition, the trading platform provided by the broker is crucial to your success in the market. A well-structured trading platform with a user-friendly interface and technical tools for buying and selling can help ensure that your trading accounts remain profitable. On the other hand, an improperly designed platform can result in losses. Therefore, it's essential to prioritize the quality of the trading platform when selecting a broker, as it is the gateway to the market.

Social Trading in Australia

Social trading is where modern trading platforms in Australia integrate social networking features allowing the following and copying of trades of other users on the social trading platform. It involves using social networks and trading platforms to share information, ideas, and trading strategies among a community of traders.

This type of trading has grown in popularity in Australia in recent years, with several social trading platforms now available to investors. These platforms allow users to view and copy the trades of other investors, as well as to communicate with other traders and share trading strategies.

Social trading is aimed at a broad range of investors, from novice traders to experienced professionals. Novice traders can benefit from social trading by following the trades of more experienced traders and learning from their strategies. Experienced traders can use social trading to share their knowledge and insights with others and to build a following of traders who follow their trades.

It also benefits investors who may not have the time or expertise to trade in financial markets actively. By following the trades of others, investors can potentially generate returns without having to manage their investments actively.

Overall, social trading offers a new and innovative way for investors to engage with financial markets and learn from other traders. As such, it will likely continue to grow in popularity in Australia and worldwide. However, Aussie investors should be aware of the risks involved in social trading and carefully consider the suitability of social trading platforms for their individual needs and investment objectives.

Social trading in Australia

Trading Opportunities In Australia

Australia's financial markets provide a wide range of trading opportunities for investors. Australia's financial markets provide investors with a broad range of trading opportunities. By carefully considering their investment goals and risk tolerance, investors can take advantage of the many opportunities available in the Australian markets.

Some of the most significant trading opportunities in Australia include:

Australian Financial System

Australia's financial system is highly developed and sophisticated, characterized by its robust regulatory framework, diverse range of financial institutions, and advanced market infrastructure. The system plays a crucial role in the Australian economy, facilitating efficient allocation of resources, supporting economic growth, and ensuring financial stability.

The backbone of Australia's financial system is its strong regulatory environment, overseen by key regulatory bodies such as the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA), and the Reserve Bank of Australia (RBA). These institutions work collaboratively to oversee financial markets, ensure the solvency and integrity of financial institutions, and implement monetary policies aimed at maintaining price stability and economic growth.

Australia boasts a wide array of financial institutions, including major banks recognized globally for their strength and stability, regional banks, credit unions, and building societies. These banks offer a comprehensive range of services, from traditional banking to investment and insurance products, catering to the diverse needs of consumers and businesses alike.

The country's capital markets are vibrant and well-developed, with the Australian Securities Exchange (ASX) being one of the leading exchanges globally. It provides a platform for the trading of equities, derivatives, and other securities, attracting both domestic and international investors. The ASX plays a pivotal role in capital formation and investment in the Australian economy.

Furthermore, Australia's financial system is supported by a sophisticated infrastructure, including electronic payment systems, online banking services, and financial technology (fintech) innovations. Fintech has been a significant growth area, with Australia emerging as a hub for fintech startups and innovation, enhancing efficiency and offering new financial products and services.

The development of Australia's financial system is also reflected in its comprehensive superannuation (pension) system, which is one of the largest pools of managed funds in the world. This system not only provides financial security for Australians in retirement but also contributes to the depth and liquidity of the country's financial markets.

Overall, Australia's financial system is well-regarded internationally for its resilience, adaptability, and forward-looking approach, underpinned by strong governance and regulatory oversight. This has enabled it to weather global financial crises relatively well and continue to support the Australian economy's growth and development.

Challenges Faced By Traders In Australia

Like any other market, trading financial markets in Australia comes with its own challenges. While the Australian financial market offers a range of trading opportunities, traders need to be aware of the challenges they may face. By understanding and managing these challenges, traders can increase their chances of success in the market.

Some of the key challenges for Australian traders include:

Understanding Your Trading Style

Understanding one's trading style is crucial for navigating the financial markets effectively. A trading style refers to an individual's approach to trading based on factors like risk tolerance, investment horizon, capital availability, and personal goals.

Identifying your trading style helps in selecting the right financial instruments, developing strategies, and managing risks in a way that aligns with your financial objectives and lifestyle.

There are several primary trading styles, each with its unique characteristics and approaches. Day trading involves buying and selling financial instruments within the same trading day, appealing to those seeking quick profits from short-term market movements. This style requires a significant time commitment and a high tolerance for risk, as well as the ability to make fast decisions.

Swing trading, on the other hand, takes advantage of price 'swings' or short-term momentum in markets, holding positions for several days to several weeks. Swing traders need patience and the ability to analyze market trends and patterns without the pressure of making split-second decisions.

Position trading is a longer-term approach where traders hold positions for months to years, based on extensive research and fundamental analysis. This style suits those with a lower risk tolerance and a longer investment horizon, focusing on long-term market trends rather than short-term fluctuations.

Scalping is another style, characterized by making numerous trades throughout a trading day to capture small price gaps created by order flows or spreads. It demands constant attention and quick reactions, fitting those who enjoy a fast-paced trading environment and can dedicate the time to monitor the markets closely.

Understanding your trading style involves self-reflection and experimentation. It's about knowing your financial goals, how much risk you're comfortable taking, and how much time you can dedicate to monitoring and managing your trades.

Recognizing your trading style not only helps in choosing the right strategies and instruments but also in setting realistic expectations and managing your investments more effectively. It's a fundamental step for both novice and experienced traders aiming to navigate the complexities of the markets with confidence.

Trading Budget

When using a trading platform, Australians should be cautious and set a budget that aligns with their financial situation and investment goals. Once you have assessed your financial situation and investment goals, it's time to set a budget for trading. This budget should be an amount that you can afford to lose without impacting your overall financial well-being. Generally, experts recommend allocating no more than 5-10% of your investable assets toward trading. Once you have set a budget, it's essential to stick to it. Avoid investing more than you can afford, as this can lead to financial hardship and stress.

Australian Broker Trading Fees

It is important for Australian investors to understand the fees associated with trading platforms in Australia and to compare fees across different platforms to find the most cost-effective option for their needs. Investors may encounter several types of fees when using trading platforms in Australia. These fees can vary depending on the platform, the type of investment, and the trade size.

Ultimately, it is also important to remember that many brokers in Australia offer varying membership tiers.

Here are some of the most common types of fees that investors may encounter with brokers and trading platforms available in Australia:

Are Australian Brokers Regulated

Australian brokers are licensed under the ASIC, which has responsibilities and oversight that extend to various industries, and it is responsible for ensuring that companies comply with Australia's financial regulations and laws.

ASIC regulates various companies operating in Australia. Some of the types of companies that ASIC regulates are: Public companies, private companies, companies limited by guarantee, not-for-profit companies, registered foreign companies, etc.

Australian broker regulation

Understanding ASIC's Influence on Broker Choices for Aussie Traders

As a seasoned trader, you're well aware that the Australian Securities and Investments Commission, or ASIC, is the watchdog of our financial realm here in Australia. Its pivotal role isn't just about oversight; it's about ensuring the financial stage we trade on remains upright and credible. Here's a breakdown of how ASIC's involvement directly impacts our choice of brokers:

When we're sizing up brokers, understanding ASIC's role helps us navigate towards choices that not only align with our trading strategies but also ensure we're on solid ground, protected by a robust regulatory framework.

Trading In Australia Verdict

Australian traders can access various trading instruments and securities, including stocks, forex, commodities, and cryptocurrencies. The Australian Securities Exchange is the primary stock market in the country, and the Australian Securities and Investment Commission regulates it.

Forex trading is popular among Australian traders, and the Australian dollar is among the top currencies often exchanged on trading platforms. However, forex trading is risky, and traders must be cautious when selecting a broker. Choosing the right forex broker in Australia can significantly impact your trading experience and potential profitability.

Australia is widely regarded as a stable economy with a mature and reliable political system. The financial institutions in the country play an active role in regulating the exchanges, making it a trusted destination for investors.

When selecting an Australian broker, opting for one with a good reputation and a professional approach is crucial. It is also advisable to ensure that the broker offers a trading platform that meets industry standards.

Best Australian Brokers

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

Trading in Australia

When trading in Australia you will need to chec what your options with your Australia trading broker are.

We list below the various regulated trading account types available to traders in Australia. If you are looking for a trading platform or broker in Australia that are suitable for trading in Forex, CFD's, indices, stocks, 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

You've probably noticed how Forex trading is really taking off in Australia, right? Over the past half-dozen years or so, the trading volume in Australia has been on a steady climb. It's like everyone in Australia is getting in on the action. But traders in Australia must understand the risks.

Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.

Modern software, more affordable mobile devices in Australia and higher internet uptake in Australia has increased competition for new trading clients among brokerages in Australia, which has opened Forex trading to a new audience.

Is Forex Trading Legal in Australia?

There's this common myth floating around that diving into Forex trading in Australia is illegal, this is not the case, but Forex trading in Australia is risky. Forex trading in Australia is not a get rich quick scheme, you will be competing with people not just in Australia, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Australia that's not just reputable but also strictly regulated and allowed to offer services to traders in Australia.

Trading in Forex is allowed in Australia as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Australia and investing internationally. Australia Forex trading is not banned, their are many top-notch international online brokers available to traders in Australia offering regulated trading environments.

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. Just a heads up about the tax situation here in Australia. You've must file taxes in Australia even if the markets chewed you up and you spat out losses this year. Also in Australia you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in Australia who knows the ins and outs of the tax labyrinth in Australia. In Australia, Islamic accounts are not restricted.

Cryptocurrencies in Australia

Here in Australia, the crypto scene is still pretty new, and cryptocurrency in Australia is getting more and more tangled up in the local financial regulatory rule in Australia. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Australia, they're not as rattled by interest rate shifts or the political drama in Australia that's always on the news. Crypto in Australia is a different beast altogether.

You know, with the surge of younger traders in Australia, who are not only tech-savvy but also starting to speculate with decent money in Australia, there's a noticeable shift happening in Australia towards the crypto market (which is highly volitle and high risk in Australia). Cryptocurrency traders in Australia contribute to the $20 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

Selecting a reliable and reputable online Australian 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 Australian more confidently.

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

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.

Compare Key Features of Australian Brokers in Our Brokerage Comparison Table

When choosing a broker for australian trading, it's essential to compare the different options available to you. Our australian 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 australian broker that best suits your needs and preferences for australian. Our australian broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Australian Brokers of 2024 compared

Here are the top Australian Brokers (AU).

Compare australian brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a australian broker, it's crucial to compare several factors to choose the right one for your australian needs. Our comparison tool allows you to compare the essential features 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 IC Markets eToro XM Pepperstone AvaTrade FP Markets NordFX EasyMarkets SpreadEx FXPro Plus500
Rating
locality IC Markets accept Australian clients eToro accept Australian clients XM accept Australian clients Pepperstone accept Australian clients AvaTrade accept Australian clients FP Markets accept Australian clients NordFX accept Australian clients easyMarkets accept Australian clients SpreadEx accept Australian clients FxPro accept Australian clients Plus500 accept Australian clients
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) 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 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), License No: 209/13, VFSC registration number 15008 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) 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) FSA, 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, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA
Min Deposit 200 100 5 200 100 100 1 100 1 100 100
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+ 30,000,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 10,000+ 142,500+ 10,000+ 1,866,000+ 24,000,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • 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
  • Offers STP
  • Low min deposit
  • 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
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo 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
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android 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, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps Web Trader, 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
etoro
Sign Up with
xm
Sign Up with
pepperstone
Sign Up with
avatrade
Sign Up with
fpmarkets
Sign Up with
nordfx
Sign Up with
easymarkets
Sign Up with
spreadex
Sign Up with
fxpro
Sign Up with
plus500
Risk Warning Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 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. 74-89 % 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 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 82% 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.
Demo IC Markets
Demo
eToro
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
NordFX
Demo
easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Plus500
Demo
Excluded Countries US, IR, CA, NZ, JP 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, CA, IL, IR 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, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, CA, EU, RU, SY, KP, CU 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 MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO


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 2024 article further below. You can see it now by clicking here

We have listed top Australian brokers below.

Australian Brokers List

IC Markets
(4/5)
Min deposit : 200
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)
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
XM
(4/5)
Min deposit : 5
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
Pepperstone was established in 2010 and is used by over 400000+ traders. 74-89 % 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
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
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, 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)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, 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), License No: 209/13, VFSC registration number 15008
EasyMarkets
(4/5)
Min deposit : 100
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, 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
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
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)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 24000000+ traders. 82% 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. Plus500 offers CFDs, CFD Shares, CFD Indices, CFD Forex, CFD Commodities, CFD ETFs, CFD Options, CFD Futures, Real shares via Plus500Invest .


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 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 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) FSA, 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, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA

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