Best Australian CFD Brokers

Top 6 CFD Broker Australia Comparison 2020

The best brokers for Australian CFD trading are both ASIC regulated and offer a free demo account.

  • Pepperstone offers the top three CFD trading platforms
  • IC Markets offer the lowest spreads for CFD trading
  • Plus500 is the best CFD provider for beginner traders
  • eToro offers social trading and copy trade CFD facilities
  • AxiTrader has a strong forex training offering
  • CMC Markets offers stock exchange and CFD trading

 

 

Pepperstone
IC Markets
FP Markets
AxiTrader
Global Prime
Our Rating
9.17
8.67
8
4.83
7.17
Most Awarded Broker
Low Spread Broker
Fastest Limit Order Speed
72.6% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
Global Prime
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CFTC (U.S.A)
FSCA (South Africa)
Pending
FINMA (Switzerland)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
Global Prime
EUR/USD Avg. Raw Spread
0.13
0.1 Raw Account
0.05
0.44
0.0
GBP/USD Avg. Raw Spread
0.51
0.4 Raw Account
0.49
0.85
N/A
AUD/USD Avg. Raw Spread
0.18
0.2 Raw Account
0.30
0.42
N/A
EUR/USD Standard Spread
1.13
1.1
1.19
1.0
EUR/USD Fixed Spreads
N/A
N/A
Commissions (USD Base)
AUD $3.50
$3.50
USD $3.00
USD$3.50
$3.50
Commission Rebates
No
Minimum Deposit
$200
$200
$100
$0
$200
Swap Free Account
No
No Inactivity Fees
Funding Methods
16
15
8
12
4
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
Global Prime
Currency Pairs
66+
65+
45+
80+
46+
Cryptocurrency CFDs
4+
10+
5+
6+
5+
Index CFDs
2+
16+
10+
31+
13+
Share CFDs
5+
100+
12,986+
Commodities CFD
4+
19+
3+
28+
8+
Stockbroking
Retail Max. Leverage
500:1
30:1 (CySec)
500:1 (ASIC)
500:1
30:1 (FCA)
400:1 (ASIC)
50:1 (DFSA)
100:1
Professional Leverage
500:1
500:1
500:1
400:1 (FCA)
200:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
Global Prime
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN Pricing
Fastest Limit Order Execution Speed
MetaTrader 4 specialist
Wide range of CFDs
Unique Feature 2
Fast Execution Speed
Range of markets
IRESS Trading Platform
Award-winning customer service
30bn+ Average monthly volume traded

Overall

Pepperstone
IC Markets
FP Markets
AxiTrader
Global Prime