We found 11 online brokers that are appropriate for Trading Australian CFD Brokers.
CFD trading Australia is gaining popularity lately. Since 2003, within a span of about 17 years, about 65 percent of trades come from the Australian Securities Exchange (ASE) since the country allowed the contract for difference trading.
However, to make money from CFD trading Australia, it is important to know what is CFD trade, how the trading is conducted, and whether it is legal as well as taxable in the country.
CFD is an abbreviation for Contract For Difference. Traders try to make a profit from the price movement of an underlying asset without owning these. It has no limitation in its date. Hence, a trader can close the trade at any time, taking away profit or suffer a loss.
Prior to 2003, only institutions were allowed to trade such derivatives. But now, it is made available to individuals and Aussie traders can gain access to stocks, bonds, commodities, Forex, Futures, ETFs and a range of such assets.
Lately, CFDs on cryptocurrency have gained popularity and Bitcoin is one of the leading currencies that individuals are trading.
To get started with CFD trading in Australia, one needs to first pick a market. Examples of markets include Forex, stocks, or cryptocurrency. Thereafter, traders have to speculate whether the price of the underlying asset would rise or fall. Buying is reciprocated with a price rise expectation and vice versa for selling.
Next, choosing a trade size is important. As it is a leveraged instrument, one needs to evaluate how much risk can be taken before opening a position. It is recommended to use risk-management tools like stop and limit orders to minimize the risk. The order is closed automatically if the price goes against expectations.
Lastly, it is important to keep a close eye on the trade. Any profit or loss reflected on the screen should be analyzed perfectly so that traders know when to withdraw their shares.
The best CFD trading Australia platforms are MetaTrader 4 and MetaTrader 5. These are mostly preferred by Australian traders. However, for beginners or novice traders, these may seem a bit complex and hence, they should use the platforms offered by brokers.
It is better if the brokers also provide trading apps. This enables trading on the go through an iOS or Android smartphone. It is even better if beginner traders start with a demo account. This gives actual exposure to trading without using real money. Hence, money won't be risked while learning.
There are a plethora of options to find the best brokers. Traders need to consider several factors to make a choice, such as spreads, leverage, and base currency. It cannot be assumed that the best brokers would require more fees and offer the least leverage. It is recommended to read reviews of clients and check ratings on various websites and forums.
Yes, CFD trading Australia is legal. It is being regulated by the Australian Securities Investment Commission (ASIC). Hence, it is important to check whether the offered CFD is regulated by the authority. Moreover, the CFD provider should be licensed by the Australian Financial Services (AFS).
At the same time, dealing with a regulated broker means that your money would be well-protected.
Yes, CFD trading in Australia is safe, but it is not free from risks like anywhere else in the world. A trader may make a profit or lose money. However, if the CFD provider is regulated, there will be no risk of being scammed. Therefore, traders should not deal with any unregulated broker or provider.
Some make a living with CFD trading, but this does not mean there is no risk of losing money for them. Probably, they are well experienced and have the skill to correctly predict the price movements. As CFD requires less capital to trade, it is easy to earn a living. However, one needs to be careful while trading, constantly use risk-management tools, monitor the trade closely, and not take risks beyond capacity.
CFD trading is one of the best and most popular trading platform in Australia, where many Australian traders make a living from it. In this article, we discussed various aspects of CFD trading and tried to discuss the precautions required to minimize risk. However, novice traders are not recommended to opt for CFD trading without gaining sufficient knowledge and experience. It is better to start with a demo account to gain experience without risking real money. This may help beginner traders to build up strategies and gain confidence without risking money.
We have conducted extensive research and analysis on over multiple data points on CFD Trading Australia to present you with a comprehensive guide that can help you find the most suitable CFD Trading Australia. Below we shortlist what we think are the best Australian CFD Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching CFD Trading Australia.
Selecting a reliable and reputable online Australian CFD Brokers 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 CFD Brokers more confidently.
Selecting the right online Australian CFD Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Australian CFD Brokers trading, it's essential to compare the different options available to you. Our Australian CFD Brokers 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 CFD Brokers broker that best suits your needs and preferences for Australian CFD Brokers. Our Australian CFD Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Australian CFD Brokers.
Compare Australian CFD Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Australian CFD Brokers broker, it's crucial to compare several factors to choose the right one for your Australian CFD Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Australian CFD Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Australian CFD Brokers that accept Australian CFD Brokers clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), 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) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 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 |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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 |
You can compare Australian CFD 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 CFD Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Australian CFD 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. 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.