We found 11 online brokers that are appropriate for Trading Australian.
Australia, particularly Sydney, has been a global financial center for centuries.
Over the past three decades, the financial sector has undergone significant changes due to deregulation and restructuring. Australia, also known as AUS, Oz, or Aussie/Ozzie, boasts numerous reputable and established financial markets. The Australian Securities Exchange ASX is one of the major securities markets in Australia, offering officially listed stocks and shares, commodities, indices, currencies, ETFs and more. Additionally, Australia's financial markets include insurance, banking, shipping, and commodity markets. Investors looking to diversify their portfolios have numerous options to choose from in Australia's thriving financial sector.
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.
Stock brokers facilitate the buying and selling of stocks and shares for clients. That could be on behalf of either an individual or an organization, such as an investment fund.
Stockbrokers in Australia can operate in the following ways:
Choosing the right stockbroker is crucial if you're planning to trade in the Australian stock markets. With a wide range of stockbrokers available, it can be challenging to know where to start. However, in Australia, there are many accredited stockbrokers, and two main types of brokers are available: discount and full-service.
Discount brokers are favored by investors looking for a low-cost trade method. These brokers offer discounted rates on trades and earn a commission on each trade.
On the other hand, full-service brokers are accredited by the Australian Securities and Investments Commission (ASIC) and offer a more comprehensive range of trading tools and services. While they charge higher commissions than discount brokers, they provide a more personalized and comprehensive trading experience. Most full-service brokerage firms offer a range of investment products and services, giving investors a wider selection.
Online mini-brokerage firms offer stock trading platforms and investment services at a lower cost for those seeking a low-cost alternative to full-service brokerage firms. Although they may not have as many investment options as full-service brokers, they can still provide a valuable service for investors looking to trade in the markets.
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.
Australian brokers offer a wide range of trading instruments and securities, including stocks, CFDs, forex, commodities, and cryptocurrencies. The Australian Securities Exchange (ASX) is the primary stock market in the country, known for its transparency and fairness. It is regulated by the Australian Securities and Investment Commission (ASIC) and is the 10th largest stock exchange in the world.
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.
Trading tools help investors analyze the supply and demand of securities and understand market psychology. They can be used for forex trading and analyzing price movements. However, skills and knowledge are more important than the tools themselves. Trading courses and experienced consulting traders can help traders learn how to make profitable trades.
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.
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 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.
Social 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.
Social trading 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.
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:
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:
Share traders come in many different types, and choosing the best trading program depends on your trading style. Whether you're an active trader, casual trader, or long-term investor, selecting an online stockbroker that meets your unique trading requirements is important.
If you frequently trade online, only select brokers that do not charge inactivity or higher trading costs for low-volume trading.
Traders aim to earn revenue from the frequent buying and selling stocks. In contrast, investors focus on companies they believe will evolve over a longer timeframe and potentially yield dividends. Traders should look for low brokerage charges and advanced features, while investors should consider inactivity fees more than stock analysis features.
Consider where and how you will place your trades, whether online, through a mobile application, or via phone. Ensure your chosen platform has preferred features and review the associated fees.
If you are interested in trading shares, there are several options, including US stocks and shares, Australian financial instruments, or emerging international markets. Each of these markets has unique characteristics, risks, and rewards, making it crucial to research before choosing one.
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.
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:
Australian brokers are licensed under the ASIC (or the Australian Securities and Investment Commission).
Australian brokers operate under ASIC. ASIC's responsibilities and oversight extend to various industries, and it is responsible for ensuring that companies comply with Australia's financial regulations and laws.
ASIC (Australian Securities and Investments Commission) regulates various companies operating in Australia. Some of the types of companies that ASIC regulates are:
ASIC (Australian Securities and Investments Commission) is the financial regulatory body of Australia. Its primary role is to enforce and regulate the laws relating to financial markets and financial services in Australia. ASIC plays a crucial role in maintaining the integrity and stability of Australia's financial system. Some of the key financial regulatory duties of ASIC include:
Australian traders can access various trading instruments and securities, including stocks, CFDs, 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.
When making a margin deposit, it is essential to use a secured channel to prevent any unauthorized access to your funds. To further safeguard your funds, choosing a broker that keeps client funds in a separate bank account is recommended. ASIC broker regulation in Australia protects retail investors if the broker experiences financial difficulties. By adhering to these guidelines, investors can mitigate the risks associated with trading and make informed decisions when choosing a broker.
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 is a list of what we consider to be 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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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IC Markets
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eToro
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XM
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AvaTrade
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Pepperstone
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NordFX
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Trading212
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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locality | IC Markets accept Australian clients | eToro accept Australian clients | XM accept Australian clients | AvaTrade accept Australian clients | Pepperstone accept Australian clients | NordFX accept Australian clients | Trading 212 accept Australian clients | FP Markets accept Australian clients | easyMarkets accept Australian clients | SpreadEx accept Australian clients | FxPro 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 (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), 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) | 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 | 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 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 50 | 5 | 100 | 200 | 1 | 1 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 30,000,000+ | 3,500,000+ | 300,000+ | 400,000+ | 10,000+ | 15,000,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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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 | 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, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | 77% 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. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | 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. | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
eToro Demo |
XM Demo |
AvaTrade Demo |
Pepperstone Demo |
NordFX Demo |
Trading 212 Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, IL, KR, IR, MM, CU, SD, SY | 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, EU, RU, SY, KP, CU | US, CA | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
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 2023 article further below. You can see it now by clicking here
We have listed top Australian brokers below.
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. 77% 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.
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.