Compare CFD Brokers in Australia (Trade CFDs Online)

With the popularity and easier access to trade the derivatives market, there is a long list of CFD brokers operating in Australia. CFD online trading now covers a wide variety of markets including stock/equity CFDs, plus contracts for difference on commodity, index, foreign exchange, futures and even the expanding bitcoin markets.Compare CFD Brokers operating in Australia

Such a wide selection of CFD providers to choose from is good for the Australian CFD trader. However, trying to compare CFD brokers can be overwhelming. Depending on your trading style and CFD trading strategies, traders will normally have differing requirements.
The comparison table below alleviates some of the confusion. Key information that can often be difficult to find on a provider’s website is collated in easy to digest format.
 

Trading CFDs online with Australian regulated brokers

Below is a selection of the top CFD trading accounts (with demo account) covering the following categories:

  • Low spreads and commissions (best price found on ASX share CFDs) – Winner: TradeDirect365
  • Direct market access (DMA) CFD providers in Australia – Winner: FP Markets
  • Widest range of products to trade – Winner: IG Markets Australia (IG trading covers over 14,000 markets!)
  • Easy to use trading platform – Winners: TradeDirect365 (CloudTrade web platform) and IG Markets (IG proprietary trading platform)

To compare CFD brokers in a “like for like” manner, an easy comparison table is provided. Links to our detailed, individual CFD provider review are listed at the bottom of the table.

Compare Australian Regulated CFD Providers
  • Key Advantages
    Key Advantages
  • Australian Regulated
    Australian Regulated
  • Deposits Held
    Deposits Held
  • Ease of Use
  • MetaTrader Option
    MetaTrader Option
  • ASX Share CFDs
  • AUS 200 Index CFD
    AUS 200 Index CFD
  • CFD Spread Type
    CFD Spread Type
  • Minimum Deposit
    Minimum Deposit
  •  
     
TradeDirect365 CFD and Forex Broker
TradeDirect365
  • Key Advantages
    Cheap CFD trading
    Very easy trading platform
    Fixed spreads
  • Australian Regulated
  • Deposits Held
    Westpac
  • Very Easy
    (CloudTrade Web Platform)
  • MetaTrader Option
  • 0.07% with $5 min.
  • AUS 200 Index CFD
    Min. (Fixed) Spread at 0.9 pts
  • CFD Spread Type
    Fixed
  • Minimum Deposit
    $ 0
  •  
    TradeDirect365 broker review
    TradeDirect365 broker web site
IG Markets Limited. ABN 84 099 019 851
IG Markets Limited
  • Key Advantages
    Largest range of markets
    DMA equity and index CFDs available
  • Australian Regulated
  • Deposits Held
    Westpac, NAB & CBA
  • Very Easy
    (IG Trading Web Platform)
  • MetaTrader Option
  • 0.10% with $8 min.
  • AUS 200 Index CFD
    Min. (Fixed) Spread at 1.0 pts
  • CFD Spread Type
    Mixed
  • Minimum Deposit
    $0 (for bank transfers)
    $450 (for any other funding methods)
  •  
    IG CFDs Review
    IG Markets (Australia) CFD provider web site
FPM (FP Market)
FP Markets
  • Key Advantages
    ECN pricing
    DMA on all CFDs
    Won 35 industry awards
  • Australian Regulated
  • Deposits Held
    CBA
  • Good
  • MetaTrader Option
  • 0.10% with $10 min.
  • AUS 200 Index CFD
    From 0.28 (Ave: 1.82) points
  • CFD Spread Type
    Variable
  • Minimum Deposit
    $ 100
  •  
    FP Markets Trading Review
    FP Markets Stocks FX CFD web site



 
1 Broker ratings quoted in the above CFD trading account comparisons are an overall average rating. The calculation is based on the six review criteria displayed on all CFD brokers individual review pages:

  • pricing (based on CFD spreads, commissions and other costs or fees),
  • range of financial instruments to trade,
  • speed of execution,
  • trading platform features,
  • overall ease of use, and
  • customer support

The individual rating breakdown for the above criteria can be easily accessed by simply clicking the review rating in the above tables or clicking the “read our full review” button.

We aim to regularly update information on this web site and provide a “last updated” date at the bottom of every page to ensure you know when the last update was made to the review page. However, you should always click on the “view website” button and review the information on the contract for difference providers site first to confirm the details and ensure they will suit your online trading needs.

RISK NOTICE:
A contract for difference (CFD) is a complex, leveraged financial product and requires a certain level of experience. Therefore trading CFDs may not be suitable for everyone. Online CFD trading carries a high level of risk to your capital and can result in losses exceeding your initial deposit. Therefore, please ensure that you understand all the risks involved.
Broker reviews and comparisons of the CFD provider accounts listed above are conducted independently. However, CFD brokers or products included on this page may not suit your financial situation, personal objectives or needs. Brokers listed may operate on direct market access, market maker (including fixed spread accounts), or a combination of both brokerage models.  

If you are considering opening a CFD trading account, operating in the CFD market or acquiring any financial instrument/product, you should obtain and read the relevant Product Disclosure Statement and/or other offer document/s prior to making any financial decision.
If you are unsure of the risks or have any doubt whether you have sufficient financial resources or experience to trade these products, you must take professional advice before trading any derivative financial instruments, which includes contracts for difference.

Last Updated: 9th January, 2024
Your capital is at risk. Forex & CFD trading can result in losses that exceed your initial deposit. Please ensure you fully understand the risks involved.
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