The Easiest Way To Compare Brokers – Online Brokers Australia

This section is designed to make comparing trading accounts easy. We only list three brokers / providers / accounts per comparison table and the key points of difference are highlighted. These comparisons will help you find a top broker for your trading needs, whether you want the lowest cost, largest range of instruments to trade, or something more specific in your brokerage account.

Contents hide

1) Compare CFD Providers

2) Compare Forex Brokers

2.1) Standard Variable Spread Forex Accounts

2.2) Fixed Spread Forex Accounts

2.3) ECN Forex Accounts

3) Compare Stock Brokers

Compare CFD Providers

Compare Contract for Difference (CFD) Brokers

Key Difference
Editor Rating ¹
ASIC Regulated
Deposits Held
Negative Balance Protection
Ease Of Use
ASX Share CFDs Fee
Australia 200 Index Spreads
Germany 30 (DAX) Spread
UK 100 (FTSE) Spreads
USA 30 (Wall St) Spreads
Cryptocurrency CFDs
Spread Type
Min. Open Balance
MetaTrader Option

TradeDirect365

Key Difference
Low cost CFD broker
Easy trading platform
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Editor Rating ¹
4.4 / 5
ASIC Regulated
Deposits Held
Negative Balance Protection
An evaluation of how easy to use the brokers primary trading platform is.">Ease Of Use
Very Easy
Commission per side and no spread.">ASX Share CFDs Fee
0.07% with $5 min.
Australia 200 Index Spreads
Min. (Fixed) Spread at 0.9 pts
Germany 30 (DAX) Spread
Min. (Fixed) Spread at 1.0 pts
UK 100 (FTSE) Spreads
Min. (Fixed) Spread at 1.0 pts
USA 30 (Wall St) Spreads
Min. (Fixed) Spread at 1.0 pts
Cryptocurrency CFDs
3 (BTC, ETH & XRP)
Spread Type
Fixed
Min. Open Balance
$0
MetaTrader Option

IG Markets Limited

Key Difference
Largest range of markets
DMA CFDs available
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Editor Rating ¹
4.4 / 5
ASIC Regulated
Deposits Held
Westpac, NAB & CBA
Negative Balance Protection
An evaluation of how easy to use the brokers primary trading platform is.">Ease Of Use
Easy
Commission per side and no spread.">ASX Share CFDs Fee
0.10% with $8 min.
Australia 200 Index Spreads
Min. (Fixed) Spread at 1.0 pts
Germany 30 (DAX) Spread
Min. (Fixed) Spread at 1.0 pts
UK 100 (FTSE) Spreads
Min. (Fixed) Spread at 1.0 pts
USA 30 (Wall St) Spreads
Min. (Fixed) Spread at 1.6 pts
Cryptocurrency CFDs
8 (inc. BTC, ETH & XRP)
Spread Type
Mixed
Min. Open Balance
$0 (for bank transfers)
$450 (for any other funding methods)
MetaTrader Option

FP Markets

Key Difference
Direct market access (DMA) on all CFDs offered
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Editor Rating ¹
4.3 / 5
ASIC Regulated
Deposits Held
Negative Balance Protection
An evaluation of how easy to use the brokers primary trading platform is.">Ease Of Use
Good
Commission per side and no spread.">ASX Share CFDs Fee
0.10% with $10 min.
Australia 200 Index Spreads
From 0.28 (Ave: 1.82) points
Germany 30 (DAX) Spread
From 0.31 (Ave: 1.73) points
UK 100 (FTSE) Spreads
From 0.31 (Ave: 1.65) points
USA 30 (Wall St) Spreads
From 0.41 (Ave: 3.56) points
Cryptocurrency CFDs
5 (inc. BTC, ETH & XRP)
Spread Type
Variable
Min. Open Balance
$100
MetaTrader Option

Compare Forex Brokers

Standard Variable Spread Forex Accounts

Compare Standard Accounts for Forex Trading

Key Difference
Overall Broker Rating ¹
ASIC Regulated
Deposits Held
No. Currency Pairs
Commission Per Lot
Spread Type
Spreads From
AUDUSD
EURGBP
EURUSD
USDJPY
MetaTrader4 Option
Min. Trade Size
Min. Open Balance
A/C Base Currency

Standard A/C

Key Difference
Low Average FX Spreads
Largest Range Of Exotic & Emerging Markets FX Pairs
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Overall Broker Rating ¹
4.4 / 5
ASIC Regulated
Deposits Held
Westpac, NAB & CBA
No. Currency Pairs
96
Commission Per Lot
None
Spread Type
Variable Broker Spread
Spreads From
From 0.6 pips
AUDUSD
From 0.6 (Ave: 0.75) pips
EURGBP
From 0.9 (Ave: 1.17) pips
EURUSD
From 0.6 (Ave: 0.75) pips
USDJPY
From 0.7 (Ave: 0.86) pips
MetaTrader4 Option
Min. Trade Size
0.01 Lot
Min. Open Balance
$0 (for bank transfers)
$450 (for any other funding methods)
A/C Base Currency
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

Standard A/C

Key Difference
Extremely Fast Execution with STP processing
Excellent Customer Support
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Overall Broker Rating ¹
4.5 / 5
ASIC Regulated
Deposits Held
No. Currency Pairs
61+
Commission Per Lot
None
Spread Type
Institutional Grade STP Spread
Spreads From
From 1.0 pips
AUDUSD
From 1.0 (Ave: 1.18) pips
EURGBP
From 1.0 (Ave: 1.48) pips
EURUSD
From 1.0 (Ave: 1.13) pips
USDJPY
From 1.0 (Ave: 1.13) pips
MetaTrader4 Option
Min. Trade Size
0.01 Lot
Min. Open Balance
$200
A/C Base Currency
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

Standard A/C

Key Difference
Fastest Execution Speed
Excellent Customer Support
Excellent FX Trading Education
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Overall Broker Rating ¹
4.5 / 5
ASIC Regulated
Deposits Held
No. Currency Pairs
71
Commission Per Lot
None
Spread Type
Variable Broker Spread
Spreads From
From 1.0 pips
AUDUSD
From 1.0 (Ave: 1.30) pips
EURGBP
From 1.1 (Ave: 1.50) pips
EURUSD
From 0.9 (Ave: 1.30) pips
USDJPY
From 1.0 (Ave: 1.30) pips
MetaTrader4 Option
Min. Trade Size
0.01 Lot
Min. Open Balance
$0
A/C Base Currency
AUD, USD, JPY, GBP, EUR, CAD, CHF, SGD, HKD

Fixed Spread Forex Accounts

Compare FIXED SPREAD Forex CFD Providers

Key Difference
Broker Rating ¹
ASIC Regulated
Deposits Held
Commission Per Lot
Spread Type
Fixed Spreads From
AUDUSD
EURGBP
EURUSD
GBPUSD
USDJPY
Trading Platform
MetaTrader Platform Option
Min. Trade Size
Min. Opening Balance
A/C Base Currency

TD 365

Key Difference
Lowest Fixed Spread FX Broker
User Friendly Trading Platform
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Broker Rating ¹
4.4 / 5
ASIC Regulated
Deposits Held
Commission Per Lot
None
Spread Type
Fixed
Fixed Spreads From
0.6 pips
AUDUSD
Fixed at 0.6 pips
EURGBP
Fixed at 0.6 pips
EURUSD
Fixed at 0.6 pips
GBPUSD
Fixed at 0.8 pips
USDJPY
Fixed at 0.7 pips
Trading Platform
TD 365 (Web & Mobile)
MetaTrader Platform Option
Min. Trade Size
0.1 Lot (Mini Lot)
Min. Opening Balance
$0
A/C Base Currency
AUD, USD, EUR

ECN Forex Accounts

Compare Forex ECN Pricing Broker Accounts

Best Suited To
Broker Rating ¹
ASIC Regulated
Deposits Held
No. Currency Pairs
Commission Per Lot
Spread Type
Spreads From
AUDUSD
EURUSD
GBPUSD
USDJPY
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Min. Trade Size
Min. Open Balance
A/C Base Currency

Razor A/C

Best Suited To
FX traders wanting tight ECN spreads on MT4 / 5 or cTrader
Large No. of currency pairs
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Broker Rating ¹
4.5 / 5
ASIC Regulated
Deposits Held
No. Currency Pairs
61+
Commission Per Lot
AUD $3.50 per 100,000
Spread Type
ECN Pricing Spread
Spreads From
From 0.0 pips
AUDUSD
From 0.0 (Ave: 0.18) pips
EURUSD
From 0.0 (Ave: 0.48) pips
GBPUSD
From 0.0 (Ave: 0.13) pips
USDJPY
From 0.0 (Ave: 0.51) pips
MetaTrader 4 (MT4)
From 0.0 (Ave: 0.13) pips
MetaTrader 5 (MT5)
Min. Trade Size
Min. Open Balance
0.01 Lot
A/C Base Currency
$200
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

Raw ECN A/C

Best Suited To
Currency traders who also need a wide variety of non-forex instrument types (eg equities)
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Broker Rating ¹
4.3 / 5
ASIC Regulated
Deposits Held
No. Currency Pairs
45
Commission Per Lot
AUD $3.50 per 100,000
Spread Type
ECN Pricing Spread
Spreads From
From 0.0 pips
AUDUSD
From 0.0 (Ave: 0.30) pips
EURUSD
From 0.2 (Ave: 0.61) pips
GBPUSD
From 0.0 (Ave: 0.09) pips
USDJPY
From 0.0 (Ave: 0.49) pips
MetaTrader 4 (MT4)
From 0.0 (Ave: 0.36) pips
MetaTrader 5 (MT5)
Min. Trade Size
Min. Open Balance
0.01 Lot
A/C Base Currency
$100
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

Compare Stock Brokers

Compare Stock (Share) Brokers

Key Difference
Editor Rating ¹
ASIC Regulated
Deposits Held
Instruments Available
ASX Shares (CHESS/HIN)
Ongoing Monthly Fee
Live ASX Prices
Stop Loss Orders
Phone Trading Available
Free HIN Switching
Can Link Margin Loan
WebIRESS Option

FP Markets

Key Difference
Integrated Solution
Cheapest Non-Advisory Phone Broker
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Editor Rating ¹
ASIC Regulated
Deposits Held
Instruments Available
ASX listed equities, Australian & International DMA CFDs, ETFs, Indices, Futures, Commodities and STP ECN Forex/FX
ASX Shares (CHESS/HIN)
0.11% with $14.95 min.
Ongoing Monthly Fee
$ 0
Live ASX Prices
(Included)
Stop Loss Orders
(Free)
Phone Trading Available
(No additional charge)
Free HIN Switching
Can Link Margin Loan
WebIRESS Option
($77 per month)

Amscot Stockbroking

Key Difference
Cheapest ASX Share Trading for Active and/or High Trade Value Equity Traders
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Editor Rating ¹
ASIC Regulated
Deposits Held
Instruments Available
ASX listed equities (inc. preference shares, convertible or converting notes), Company Option, Managed Funds via mFund and Warrants
ASX Shares (CHESS/HIN)
0.077% with $9.90 min.
Ongoing Monthly Fee
$ 11
Live ASX Prices
(Included)
Stop Loss Orders
(Free)
Phone Trading Available
($38.50-$49.50 or 0.165%)
Free HIN Switching
Can Link Margin Loan
WebIRESS Option
($77 per month)

Bell Direct

Key Difference
SMSF Focused
ASX Broker Research Available for Clients
Editor ratings are awarded based on an evaluation of price, quality and features.¹">Editor Rating ¹
ASIC Regulated
Deposits Held
Bell Potter
Instruments Available
ASX listed equities, ETFs, Warrants, Interest rate securities, Options, Managed Funds via mFund, and IPOs
ASX Shares (CHESS/HIN)
0.10% with $15.00 min.
Ongoing Monthly Fee
$ 0
Live ASX Prices
Optional ($27.50 per month)
Stop Loss Orders
(Free)
Phone Trading Available
($60 or 0.2%)
Free HIN Switching
Can Link Margin Loan
WebIRESS Option
($79 per month)

RISK NOTICE:
Contracts for Difference (CFDs) and Foreign exchange (Forex) are a complex, leveraged financial product which require a certain level of experience, so may not be suitable for everyone. Trading these derivatives therefore carries a high level of risk to your capital and can result in losses that exceed your initial deposit. Please ensure that you understand all the risks involved.
Reviews and comparisons for the brokers and financial service providers above are conducted independently, however the brokers or trading accounts included on this page may not suit your personal objectives, financial situation or needs. Brokers listed operate on direct market access, market maker (including fixed spread accounts), or a combination of both, online broker models.
If you are considering opening a trading account 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 any of the above products, you should take professional advice before trading or opening a brokerage account.