CFDs (contracts-for-differences) enable Australian traders to gain exposure to stocks, crypto, index funds, commodities, currencies, and more at the click of a button.

The best CFD trading platforms in Australia typically offer 0% commission markets alongside leverage and short-selling tools.

In this guide, we review and rank the 9 best CFD brokers in Australia for supported assets, spreads and commissions, safety, and more.

The Best CFD Brokers Australia in 2024

Before reading our comprehensive reviews, investors can browse the 10 best CFD brokers in Australia via the list below:

  1. Vantage – Low Spread CFD Broker to Use in Australia with High Leverage
  2. AXI – Australian-Based Platform That’s Suitable for Beginner and Professional Traders
  3. Pepperstone – Trade CFDs at Wholesale Market Prices
  4. eToro – Innovative Copy Trading Tools
  5. PrimeXBT – High Leverage, Low Fees for Crypto
  6. Trade Nation – Popular CFD Trading Platform Offering 1000+ CFDs
  7. XTB – Popular CFD Trading Platform for Raw Spreads
  8. AvaTrade – Buy and Sell CFD Instruments Without Paying Any Commission
  9. IG – Gain Access to Over 18,000 CFD Markets
  10. XM – Start Trading CFDs Today From Just $5
  11. CMC Markets – Low-Cost CFD Broker With 12,000+Markets

We have reviewed each of the above CFD trading platforms for fees, spreads, markets, and more in the subsequent sections of this guide.

Best Australian CFD Brokers Reviewed

In the sections below, readers will find in-depth reviews of the 9 best CFD brokers in Australia – as per our market research. All brokers are regulated by ASIC or at least one other tier-one financial body, so safety is assured.

XTB is one of the best CFD brokers in Australia for low fees and super-tight spreads. In fact, there are no trading commissions to pay on any supported CFD markets at XTB and spreads can go as low as 0.1 pip on EUR/USD.

Stock spreads are very competitive too, with Amazon offered at just $0.50 per slide at the time of writing. Supported markets at XTB – all of which are represented by CFDs, include indices, crypto, commodities, ETFs, forex, and stocks. Although the provider offers high leverage limits, this doesn’t apply to Australians.

xtb review

Once again, Australian traders will be capped at 1:30 when trading forex CFDs, and less on other markets. There is no minimum deposit requirement at XTB, although traders should ensure that they add enough money to cover their required position. Forex, for example, can be traded at lots of 0.01 – meaning the minimum trade size is 1,000 currency units.

CFD assets Stocks, ETFs, forex, commodities, indices, crypto
Number of CFD contracts 2,100+
Pricing system 0% commission on all markets
Deposit fee $0 on debit/credit cards, 2% on Skrill
EUR/USD spread From 0.1 pip
Cost of trading Amazon stock $0.50 spread
Trading Platforms  xStation for mobile, desktop, and web browsers
Min Deposit No minimum deposit requirement

Pros

  • Trade CFDs from just 0.1 pip
  • Access 2,100+CFDs at 0% commission
  • No minimum deposit required to open an account

Cons

  • No support for third-party trading platforms, such as MT4

Your capital is at risk. 77% of retail CFD accounts lose money.

2. AXI – Award-Winning Platform With Low Trading Costs That Offers up to 500:1 Leverage

AXI is one of the most popular CFD brokers in the Land Down Under that was founded in Sydney in 2007.

This is also a customer-focused platform that uses AI technology to facilitate trades. I.e., it offers multiple financial instruments and tools, such as professional price charts, technical indicators, and interbank price spreads. AXI has over 60,000 customers and it uses the MetaTrader 4 platform and MT4 NextGen, which makes it suitable for both beginners and professional traders.

axo cfd brocker australia

Moreover, AXI is a reward-winning platform that offers trading with multiple CFD assets – forex, shares, indices, commodities, and crypto.

That said, members from Australia will be able to open three different MT4 account types – Standard, Pro, and Elite. Each account provides 290+ CFDs, 5-digit pricing, and up to 500:1 leverage. Moreover, the first two accounts come with no minimum deposit requirement, while the Elite account comes with a high minimum deposit – $25,000. However, it also comes with low trading costs.

CFD assets Forex, shares, indices, commodities, cryptocurrencies
Number of CFD contracts 290+
Pricing system $0 – $7 round trip 
Deposit fee $0 – $25,000 
EUR/USD spread 0.0 – 0.9 pips
Cost of trading Amazon stock 0.07 spread
Trading Platforms MT4, desktop, mobile
Min Deposit $0 – $25,000 (depending on the account)

Pros:

  • Suitable for beginners and professional traders
  • Utilises AI technology
  • Low trading costs
  • No withdrawal fee

Cons

  • MT4 only
  • 24/5 customer service

[/su_list]

3. Vantage – Low Commission CFD Broker to Use in Australia

Established in 2009, Vantage is a popular Australian-based brokerage. This multi-asset broker allows users to trade crypto and share CFDs through its web-based trading platform and mobile app. 

Offering an intuitive user interface, Vantage allows users to create a new account in just a few minutes. Notably, Vantage offers share CFDs from the top listed companies from the United States of America, the United Kingdom, Australia, and other European countries. 

Vantage share CFDs

Members can be assured that they are paying low commissions when trading top Australian share CFDs from the Australian Securities Exchange (ASX). With commissions going as low as $6 per trade, one can purchase popular shares such as ANZ, FLT, and WBC. 

All U.S listed companies can be traded without paying any commission on Vantage. All the major companies listed on the NASDAQ and the New York Stock Exchange can be traded to gain exposure in the U.S. markets. 

For beginner traders, Vantage also offers a demo account to practice trading strategies. This account comes funded with virtual currency. The platform also offers a social trading feature through which users can replicate the trades of skilled and experienced traders. 

Apart from the proprietary trading platform, Vantage users can also integrate the platform with MetaTrader 4 & 5. These web-based platforms can be accessed to automate trades and access multiple charting patterns and technical indicators. 

One can get started by making a $50 minimum deposit on Vantage. The platform supports multiple payment methods, such as Mastercard, VISA, Neteller, and Skrill. 

CFD assets Crypto and shares
Number of CFD contracts
Pricing system Low commission + spreads
Deposit fee None
EUR/USD spread From 0.0 – 0.2 pips
Cost of trading Amazon stock Starting from 0.1 spread
Trading Platforms  Native platform for web and mobile trading, MT4, MT5
Min Deposit $50

Pros

  • ASIC-regulated broker
  • Low commission for share CFDs
  • No deposit fees
  • Social trading features

Cons

  • High minimum deposit

Another top CFD trading platform in Australia is Trade Nation. With over 1000 CFDs available at a low fee, Trade Nation has gotten a lot of traction in the country. It was launched in 2014 and focused on an inclusive fee model that does not involve any commission or a variable spread. Instead, the focus is on keeping the spread fixed.

Being a multi-asset trading platform, Trade Nation supports forex pairs, shares, commodities, and indices. Per Trade, users only need to pay up to 0.4 pips.

The fee structure does not involve any hidden fees or deposit charges. There are two forms of apps available, TN Trader and Meta Trader 4. With Meta Trader 4, users will get access to nuanced market analysis tools and trading charts. But for those looking for a more tailored experience, TN Trader – Trade Nation’s proprietary platform – might provide a better option.

Visit Trade Nation in Australia

A regulated exchange, Trade Nation works in accordance with the rules set by the Financial Conduct Authority, the Australian Securities and Investment Commission, and The Securities Commission of the Bahamas. Security measures and adhering to all the local laws are given priority on this platform.

Starting to trade only requires a $1 deposit, which can be made using any of the standard deposit options. Retain investors get up to 30x leverage, and customer support can be reached 5 days a week. Furthermore, the platform has a high rating on Trustpilot.

CFD assets Stocks, CFDs, forex, commodities, indices
Number of CFD contracts 1000+
Pricing system Fixed spread
Deposit fee $0
EUR/USD spread From 0.6 pip
Trading Platforms  TradeCopier for Mobile
Min Deposit $1

Pros

  • Low fees
  • Over 1000 CFDs available
  • Low minimum deposit
  • MT4 compatible

Cons

  • US residents not accepted

Financial Spread Trades and CFDs are complex instruments and come with a high risk of losing money rapidly due to high leverage.

5. AvaTrade – Buy and Sell CFD Instruments Without Paying Any Commission

Yet another 0% commission provider that makes our list of the best CFD brokers in Australia is AvaTrade. Not only is this provider authorized and regulated by ASIC, but eight other financial bodies. This is inclusive of CySEC, FFAJ (Japan), and the Central Bank of Ireland.

AvaTrade supports most asset classes, which include stocks, forex, ETFs, bonds, indices, and commodities. Both options and crypto assets are supported too. Leverage is offered on all markets within ASIC limits and the minimum AvaTrade deposit for first-time customers is $100.

avatrade review

AvaTrade is also popular for its wide range of supported trading platforms. This includes MT4, MT5, DupliTrade, and ZuluTrade. This CFD provider also offers its own native trading platform for web browsers and iOS/Android smartphones. When it comes to spreads, AvaTrade offers a competitive 0.9 pips on EUR/USD.

CFD assets Stocks, ETFs, forex, commodities, indices, bonds, options, crypto
Number of CFD contracts 1,000+
Pricing system 0% commission on all markets
Deposit fee None
EUR/USD spread From 0.9 pips
Cost of trading Amazon stock 0.14% spread
Trading Platforms  WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, DupliTrade, ZuluTrade
Min Deposit $100

Pros

  • 1,000+commission-free CFD markets
  • Multiple native and third-party trading platforms
  • $100 minimum deposit and no transaction fees

Cons

  • Limited number of crypto markets

71% of retail investor accounts lose money when trading CFDs with this provider.

6. Pepperstone – Trade CFDs at Wholesale Market Prices

Pepperstone is another ASIC-regulated provider that makes our list of the best CFD brokers in Australia. This platform offers two core account types – one of which enables traders to buy and sell CFD instruments on a commission-free basis.

However, the broker’s razor account is well worth considering, as it offers access to some of the tightest spreads in the industry. In return for paying a commission of $3.50 per slide, the likes of EUR/USD can be accessed at 0.0 pips during standard hours. Both accounts support fee-free payments and there is no minimum deposit requirement.

Pepperstone review

Traders at Pepperstone will have plenty of options when it comes to finding market opportunities. CFD instruments can be found across ETFs, stocks, indices, crypto, commodities, and forex. To aid the decision-making process, traders can utilize the many technical indicators and tools offered by MT4, MT5, cTrader, and TradingView – all of which are supported by Pepperstone.

CFD assets Stocks, ETFs, forex, commodities, indices, crypto
Number of CFD contracts 1,200+
Pricing system $3.50 commission per lot on razor account, 0% commission on standard account
Deposit fee None
EUR/USD spread From 0.0 pips on razor account, 0.6 pips on standard account
Cost of trading Amazon stock $0.02 per share
Trading Platforms  MT4, MT5, cTrader, TradingView
Min Deposit No minimum deposit requirement

Pros

  • Razor account offers institutional-grade spreads from 0.0 pips
  • Causal traders can opt for the 0% commission standard account
  • 1,200+CFD markets

Cons

  • Only supported third-party trading platforms

74% of retail investor accounts lose money when trading CFDs with this provider.

7. IG – Gain Access to Over 18,000 CFD Markets   

IG is perhaps the best CFD broker in Australia for asset diversity. Across more than 18,000 markets, this regulated brokerage leaves no stone unturned. This is inclusive of stocks, ETFs, forex, commodities, indices, options, futures, bonds, interest rates, and more.

Fees will depend on the CFD asset being traded. For instance, stocks and ETFs attract a fee that is dependent on the exchange. Australian stocks/ETFs will cost 0.08%, while markets in NZ are slightly higher at 0.09%. US stocks cost $0.02 per share, while UK equities amount to 0.10%.

ig review

There is, however, a minimum commission when trading stocks, and this also varies depending on the exchange. The good news is that all other CFD asset classes can be traded at 0% commission. IG requires a minimum first-time deposit of $250 to get started. To make a deposit with a debit card, this will cost 0.5% (MasterCard) or 1% (Visa).

CFD assets Stocks, ETFs, forex, commodities, indices, options, futures, bonds, interest rates, crypto
Number of CFD contracts 18,000+
Pricing system 0% commission on all CFD markets other than stocks/ETFs
Deposit fee 1% on Visa, 0.5% on MasterCard
EUR/USD spread From 0.6 pips
Cost of trading Amazon stock $0.02 per share
Trading Platforms  Native platform for web and mobile trading, MT4
Min Deposit $250

Pros

  • Zero-commission trading on all markets other than stocks and ETFs
  • 18,000+CFD markets

Cons

  • Stock and ETF CFDs attract a commission
  • 1% and 0.5% fee on Visa and MasterCard payments, respectively

8. XM – Start Trading CFDs Today From Just $5 

XM is one of the best CFD brokers in Australia for those on a budget. All supported account types here – of which there are many to choose from, come with a minimum first-time deposit of just $5. There are no deposit fees either. For casual traders, the standard account is perhaps a suitable option.

This offers access to commission-free markets across all supported CFDs. The spread starts at 1 pip on EUR/USD on this account type. There are also accounts that come with raw spreads alongside a commission, and this will likely suit more experienced traders.

XM review

Supported CFD assets include stocks, indices, crypto, ETFs, forex, and commodities. Although XM offers a native mobile app for iOS and Android, web traders will need to choose from either MT4 or MT5. Leverage of up to 1:1000 is offered by XM, but Australian traders will be capped at the usual limits of 1:30 on major currencies and less on other markets.

CFD assets Stocks, ETFs, forex, commodities, indices, crypto
Number of CFD contracts 1,000+
Pricing system Standard account offers 0% commission
Deposit fee None
EUR/USD spread 1 pip on standard account
Cost of trading Amazon stock 5.85 pips
Trading Platforms  MT4, MT5, proprietary app for iOS and Android
Min Deposit $5

Pros

  • Minimum deposit of just $5 on all supported account types
  • Wide range of supported CFD assets
  • Supports MT4 and MT5

Cons

  • No native web trading platform

9. CMC Markets – Low-Cost CFD Broker With 12,000 Markets

CMC Markets is a CFD and spread betting broker. It is heavily regulated, so traders can speculate on CFDs in safety. After opening an account with CMC Markets – which does not require a minimum deposit to be met, traders will have access to more than 12,000 instruments.

This is inclusive of stocks, ETFs, forex, commodities, crypto, indices, and treasuries. No commissions are payable on the aforementioned assets, other than stocks. In this case, the commission will depend on the stock being traded and whether a long or short position has been entered. Going long on Amazon stock, for instance, will cost 0.0145%, plus the spread.

cmc markets review

CMC Markets is behind the Next Generation trading platform, which is aimed at seasoned traders seeking high-level tools. This CFD broker also supports MT4.

CFD assets Stocks, ETFs, forex, commodities, crypto, indices, treasuries,
Number of CFD contracts 12,000+
Pricing system 0% on all markets apart from stocks and ETFs
Deposit fee None
EUR/USD spread From 0.7 pips
Cost of trading Amazon stock 0.0145%
Trading Platforms  Native NGEN platform for web and mobile trading, MT4
Min Deposit No minimum deposit requirement

Pros

  • 12,000 CFD markets
  • No minimum deposit requirement
  • Heavily regulated

Cons

  • Stocks are not commission-free

How We Select the Best Australian CFD Brokers?

Choosing the best broker for CFDs in Australia can be challenging, considering the number of factors that need to be considered.

To help clear the mist, below we explain the core requirements that we look for in a top-rated broker.

ASIC Regulation

Make no mistake about it, traders should focus on CFD brokers that are regulated by ASIC. This offers a full suite of protections that ultimately – ensures that Australians can trade in a safe online environment.

Supported CFD Markets   

Most of the CFD brokers reviewed today support a variety of markets across stocks, forex, crypto, and commodities. Indices, ETFs, and bonds are often supported too.

Fees

The best CFD brokers in Australia offer access to a low-cost trading environment.

Check out the fee table below for a recap of what fees to expect when engaging in CFD trading online:

CFD Brokers Pricing System Deposit Fee EUR/USD Spread (From) Account Fees
Vantage Low commissions on trades, starting from $6 + low spreads None 0.0 – 0.2 pips per spread with the RAW ECN account None
XTB 0% commission on all markets $0 on debit/credit cards, 2% on Skrill 0.1 pip $10 inactivity fee
Avatrade 0% commission on all markets None 0.9 pips $50 inactivity fee
Pepperstone $3.50 commission per lot on razor account, 0% commission on standard account None From 0.0 pips on razor account, 0.6 pips on standard account None
IG 0% commission on all CFD markets other than stocks 1% on Visa, 0.5% on MasterCard 0.6 pips 1% on Visa, 0.5% on MasterCard, $18 inactivity fee
XM Standard account offers 0% commission None 1 pip on standard account $5 inactivity fee
CMC Markets 0% on all markets apart from stocks None 0.7 pips $10 inactivity fee

Tools and Analysis

Seasoned day traders will often require access to technical indicators and chart drawing tools. This is something offered by all of the CFD brokers discussed on this page.

Minimum Deposit

The best CFD brokers in Australia support traders of all budgets.

Demo Account

Consider choosing a CFD broker that offers a free demo account without the need to make a deposit. This will enable traders to test the CFD broker out before making a financial commitment.

Mobile App

The best CFD brokers in Australia not only offer a mobile app that is optimized for Android and iOS smartphones, but full account functionality.

Payment Methods

Top CFD brokers in Australia support bank wires, multiple e-wallets, and debit/credit cards on a fee-free basis. This makes the funding process simple, convenient, and cost-effective.

Customer Service

Before choosing a CFD broker, check out its customer service department. For instance, what hours do the customer service team operate and what support methods are offered?

Conclusion

Australians have access to a wide selection of CFD providers – many of which offer thousands of markets alongside competitive spreads and commissions.

XTB is particularly popular and perhaps the overall best CFD broker in Australia for both beginners and seasoned pros.

After opening an account, this regulated provider offers access to thousands of stocks, currencies, crypto assets, indices, and more, plus tight spreads and leverage.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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.

 

FAQS

Which is the best CFD broker in Australia?

What Australian CFD broker is the cheapest?