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

Broker Reviewed

Pepperstone
IC Markets
FP Markets
AxiTrader
Global Prime
Our Rating
9.17
8.67
8
7.33
7.17
Best MT4 Execution Speeds
Low Spread Broker
Fastest Limit Order Speed
Good for MetaTrader 4 traders

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
0.1
0.44
0.0
GBP/USD Avg. Raw Spread
0.51
0.4
0.49
0.85
N/A
AUD/USD Avg. Raw Spread
0.18
0.2
0.3
0.42
N/A
EUR/USD Standard Spread
1.13
1.1
1.1
1.0
EUR/USD Fixed Spreads
N/A
N/A
Commissions (USD Base)
AUD/USD$3.50
USD $3.50
USD $3.00
USD$3.50
$3.50
Commission Rebates
No
Minimum Deposit
AUD/USD $200
USD $200
$100
$0
$200
Has Islamic Account
No
No Inactivity Fees
Funding Methods
16
15
8
12
Bank Wire, Visa, Mastercard, Neteller
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
AxiTrader
Global Prime
Currency Pairs
66+
65+
45
80+
Cryptocurrency CFDs
4+
10+
5
6+
Index CFDs
2+
16+
10
31+
Share CFDs
5+
100+
12,986
Commodities CFD
4+
19+
3
28+
Stockbroking
Retail Max. Leverage
30:1 (FCA) 500:1 (ASIC) 50:1 (DFSA)
30:1 (CySec) 500:1 (ASIC)
500:1
30:1 (FCA) 400:1 (ASIC) 50:1 (DFSA)
100:1
Professional Leverage
500:1 (FCA)
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
only with FCA regulation
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
42 currencies, metals, indices, cryptos and NDFs
Unique Feature 2
Fast Execution Speed
Range of markets
No Dealing Desk Execution
Award winning customer service
30bn+ Average monthly volume traded

Overall