The Easiest Way To Compare Brokers

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.

Compare CFD Providers

Compare Contract for Difference (CFD) Brokers
  • Key Difference
    Key Difference
  • ASIC Regulated
    ASIC Regulated
  • Deposits Held
    Deposits Held
  • Negative Balance Protection
    Negative Balance Protection
  • Ease Of Use
  • ASX Share CFDs Fee
  • Australia 200 Index Spreads
    Australia 200 Index Spreads
  • Germany 30 (DAX) Spread
    Germany 30 (DAX) Spread
  • UK 100 (FTSE) Spreads
    UK 100 (FTSE) Spreads
  • USA 30 (Wall St) Spreads
    USA 30 (Wall St) Spreads
  • Cryptocurrency CFDs
    Cryptocurrency CFDs
  • Spread Type
  •  Min. Open Balance
     Min. Open Balance
  • MetaTrader Option
    MetaTrader Option
TradeDirect365 CFD Provider
TradeDirect365
  • Key Difference
    Low cost CFD broker
    Easy trading platform
  • ASIC Regulated
  • Deposits Held
    Westpac
  • Negative Balance Protection
  • Very Easy
  • 0.07% with $5 min.
  • Australia 200 Index Spreads
    Min. (Fixed) Spread at 0.9 pts
  • Germany 30 (DAX) Spread
    Min. (Fixed) Spread at 0.9 pts
  • UK 100 (FTSE) Spreads
    Min. (Fixed) Spread at 0.6 pts
  • USA 30 (Wall St) Spreads
    Min. (Fixed) Spread at 1.5 pts
  • Cryptocurrency CFDs
    9 (inc. BTC, ETH & ADA)
  • Fixed
  •  Min. Open Balance
    $0
  • MetaTrader Option
  • TradeDirect365 Review
    TradeDirect365 Website
 IG Markets Limited. ABN 84 099 019 851
IG Markets Limited
  • Key Difference
    Largest range of markets
    DMA CFDs available
  • ASIC Regulated
  • Deposits Held
    Westpac, NAB & CBA
  • Negative Balance Protection
  • Easy
  • 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)
  • Mixed
  •  Min. Open Balance
    $0 (for bank transfers)
    $450 (for any other funding methods)
  • MetaTrader Option
  • IG Review
    IG Australia Website
FP Markets
FP Markets
  • Key Difference
    Direct market access (DMA) on all CFDs offered
  • ASIC Regulated
  • Deposits Held
    CBA
  • Negative Balance Protection
  • Good
  • 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)
  • Variable
  •  Min. Open Balance
    $100
  • MetaTrader Option
  • FP Markets Review
    FP Markets Website

Compare Forex Brokers

Standard Variable Spread Forex Accounts

Compare Standard Accounts for Forex Trading
  • Key Difference
    Key Difference
  • ASIC Regulated
    ASIC Regulated
  • Deposits Held
    Deposits Held
  • No. Currency Pairs
    No. Currency Pairs
  • Commission Per Lot
  • Spread Type
    Spread Type
  • Spreads From
    Spreads From
  • AUDUSD
    AUDUSD
  • EURGBP
    EURGBP
  • EURUSD
    EURUSD
  • USDJPY
    USDJPY
  • MetaTrader4 Option
    MetaTrader4 Option
  • Min. Trade Size
    Min. Trade Size
  • Min. Open Balance
    Min. Open Balance
  • A/C Base Currency
    A/C Base Currency
  •  
     
IG Markets Limited. ABN 84 099 019 851
Standard A/C
  • Key Difference
    Low Average FX Spreads
    Largest Range Of Exotic & Emerging Markets FX Pairs
  • ASIC Regulated
  • Deposits Held
    Westpac, NAB & CBA
  • No. Currency Pairs
    96
  • 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
  •  
    IG Review
    IG Australia Website
Pepperstone
Standard A/C
  • Key Difference
    Extremely Fast Execution with STP processing
    Excellent Customer Support
  • ASIC Regulated
  • Deposits Held
    NAB
  • No. Currency Pairs
    61+
  • 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
  •  
    Pepperstone Review
    Pepperstone FX Website
GO Markets trading account
Standard A/C
  • Key Difference
    Traders needing tight FX spreads, good range of Forex pairs & a dedicated account manager
  • ASIC Regulated
  • Deposits Held
    NAB   CBA
  • No. Currency Pairs
    50
  • None
  • Spread Type
    Variable Broker Spread
  • Spreads From
    From 1.0 pips
  • AUDUSD
    From 1.0 (Ave: 1.20) pips
  • EURGBP
    From 1.0 (Ave: 1.40) pips
  • EURUSD
    From 1.0 (Ave: 1.20) pips
  • USDJPY
    From 1.0 (Ave: 1.20) pips
  • MetaTrader4 Option
  • Min. Trade Size
    0.01 Lot
  • Min. Open Balance
    $200
  • A/C Base Currency
    AUD, USD, GBP, EUR, CAD, CHF, NZD, SGD, HKD
  •  
     

    GO Markets Website

Fixed Spread Forex Accounts

Compare FIXED SPREAD Forex CFD Providers
  • Key Difference
    Key Difference
  • ASIC Regulated
    ASIC Regulated
  • Deposits Held
    Deposits Held
  • Commission Per Lot
    Commission Per Lot
  • Spread Type
    Spread Type
  • Fixed Spreads From
  • AUDUSD
    AUDUSD
  • EURGBP
    EURGBP
  • EURUSD
    EURUSD
  • GBPUSD
    GBPUSD
  • USDCHF
    USDCHF
  • USDJPY
    USDJPY
  • Trading Platform
    Trading Platform
  • MetaTrader Platform Option
    MetaTrader Platform Option
  • Min. Trade Size
    Min. Trade Size
  • Min. Opening Balance
    Min. Opening Balance
  • A/C Base Currency
    A/C Base Currency
  •  
     
TradeDirect365
TD 365
  • Key Difference
    Lowest Fixed Spread FX Broker
    User Friendly Trading Platform
  • ASIC Regulated
  • Deposits Held
    Westpac
  • Commission Per Lot
    None
  • Spread Type
    Fixed
  • 0.3 pips
  • AUDUSD
    Fixed at 0.4 pips
  • EURGBP
    Fixed at 0.5 pips
  • EURUSD
    Fixed at 0.3 pips
  • GBPUSD
    Fixed at 0.7 pips
  • USDCHF
    Fixed at 0.7 pips
  • USDJPY
    Fixed at 0.5 pips
  • Trading Platform
    CloudTrade (Web & Mobile)
  • MetaTrader Platform Option
  • Min. Trade Size
    0.1 Lot (Mini Lot)
  • Min. Opening Balance
    $0
  • A/C Base Currency
    AUD, EUR, GBP or USD
  •  
    TradeDirect365 Review
    TradeDirect365 Website

ECN Forex Accounts

Compare Forex ECN Pricing Broker Accounts
  • Best Suited To
    Best Suited To
  • ASIC Regulated
    ASIC Regulated
  • Deposits Held
    Deposits Held
  • No. Currency Pairs
    No. Currency Pairs
  • Commission Per Side (100,000)
  • Spread Type
    Spread Type
  • Spreads From
    Spreads From
  • AUDUSD
    AUDUSD
  • EURGBP
    EURGBP
  • EURUSD
    EURUSD
  • GBPUSD
    GBPUSD
  • USDCHF
    USDCHF
  • USDJPY
    USDJPY
  • MetaTrader 4 (MT4)
    MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
    MetaTrader 5 (MT5)
  • Min. Trade Size
    Min. Trade Size
  • Min. Open Balance
    Min. Open Balance
  • A/C Base Currency
    A/C Base Currency
Pepperstone Best ECN Forex Broker
Razor A/C
  • Best Suited To
    FX traders wanting tight ECN spreads on MT4 / 5 or cTrader
    Large No. of currency pairs
  • ASIC Regulated
  • Deposits Held
    NAB
  • No. Currency Pairs
    97
  • AUD $3.50 per 100,000
  • Spread Type
    ECN Pricing Spread
  • Spreads From
    From 0.0 pips
  • AUDUSD
    From 0.0 (Ave: 0.20) pips
  • EURGBP
    From 0.2 (Ave: 0.40) pips
  • EURUSD
    From 0.0 (Ave: 0.10) pips
  • GBPUSD
    From 0.0 (Ave: 0.40) pips
  • USDCHF
    From 0.0 (Ave: 0.40) pips
  • USDJPY
    From 0.0 (Ave: 0.40) pips
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Min. Trade Size
    0.01 Lot
  • Min. Open Balance
    $200
  • A/C Base Currency
    AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
  • Pepperstone Review
    Pepperstone FX Website
FP Markets ECN Foreign Exchange Broker
Raw ECN A/C
  • Best Suited To
    Currency traders who also need a wide variety of non-forex instrument types (eg equities)
  • ASIC Regulated
  • Deposits Held
    CBA
  • No. Currency Pairs
    45
  • 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
  • EURGBP
    From 0.2 (Ave: 0.61) pips
  • EURUSD
    From 0.0 (Ave: 0.09) pips
  • GBPUSD
    From 0.0 (Ave: 0.49) pips
  • USDCHF
    From 0.0 (Ave: 0.41) pips
  • USDJPY
    From 0.0 (Ave: 0.36) pips
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Min. Trade Size
    0.01 Lot
  • Min. Open Balance
    $100
  • A/C Base Currency
    AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
  • FP Markets Review
    FP Markets Website
GO Markets ECN pricing account
GO Plus+ A/C
  • Best Suited To
    Forex traders needing tight spreads, good range of FX pairs & a dedicated account manager
  • ASIC Regulated
  • Deposits Held
    NAB   CBA
  • No. Currency Pairs
    50
  • AUD $3.00 per 100,000
  • Spread Type
    ECN Pricing Spread
  • Spreads From
    From 0.0 pips
  • AUDUSD
    From 0.0 (Ave: 0.2) pips
  • EURGBP
    From 0.0 (Ave: 0.4) pips
  • EURUSD
    From 0.0 (Ave: 0.2) pips
  • GBPUSD
    From 0.0 (Ave: 0.5) pips
  • USDCHF
    From 0.0 (Ave: 0.4) pips
  • USDJPY
    From 0.0 (Ave: 0.2) pips
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Min. Trade Size
    0.01 Lot
  • Min. Open Balance
    $200
  • A/C Base Currency
    AUD, USD, GBP, EUR, CAD, CHF, NZD, SGD, HKD
  •  

    GO Markets Website

Compare Stock Brokers

Compare Stock (Share) Brokers
  • Key Difference
    Key Difference
  • ASIC Regulated
    ASIC Regulated
  • Deposits Held
    Deposits Held
  • Instruments Available
    Instruments Available
  • ASX Shares (CHESS/HIN)
  • Ongoing Monthly Fee
  • Live ASX Prices
    Live ASX Prices
  • Stop Loss Orders
    Stop Loss Orders
  • Phone Trading Available
  • Free HIN Switching
  • Can Link Margin Loan
    Can Link Margin Loan
  • WebIRESS Option
    WebIRESS Option
  •  
     
FP Markets
FP Markets
  • Key Difference
    Integrated Solution
    Cheapest Non-Advisory Phone Broker
  • ASIC Regulated
  • Deposits Held
    CBA
  • Instruments Available
    ASX listed equities, Australian & International DMA CFDs, ETFs, Indices, Futures, Commodities and STP ECN Forex/FX
  • 0.11% with $14.95 min.
  • $ 0
  • Live ASX Prices
    (Included)
  • Stop Loss Orders
    (Free)
  • (No additional charge)
  • Can Link Margin Loan
  • WebIRESS Option
    ($77 per month)
  •  
    FP Markets Review
    FP Markets Website
Amscot Stockbroking
Amscot Stockbroking
  • Key Difference
    Cheapest ASX Share Trading for Active and/or High Trade Value Equity Traders
  • ASIC Regulated
  • Deposits Held
    NAB
  • Instruments Available
    ASX listed equities (inc. preference shares, convertible or converting notes), Company Option, Managed Funds via mFund and Warrants
  • 0.077% with $9.90 min.
  • $ 11
  • Live ASX Prices
    (Included)
  • Stop Loss Orders
    (Free)
  • ($38.50-$49.50 or 0.165%)
  • Can Link Margin Loan
  • WebIRESS Option
    ($77 per month)
  •  
    Amscot Review
    Amscot Stockbroking Website
Bell Direct
Bell Direct
  • Key Difference
    SMSF Focused
    ASX Broker Research Available for Clients
  • ASIC Regulated
  • Deposits Held
    Bell Potter
  • Instruments Available
    ASX listed equities, ETFs, Warrants, Interest rate securities, Options, Managed Funds via mFund, and IPOs
  • 0.10% with $15.00 min.
  • $ 0
  • Live ASX Prices
    Optional ($27.50 per month)
  • Stop Loss Orders
    (Free)
  • ($60 or 0.2%)
  • Can Link Margin Loan
  • WebIRESS Option
    ($79 per month)
  •  
    Bell Direct Review
    Bell Direct Stock Broker Website

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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.
Last Updated: 3rd August, 2023
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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