Trading CFDs in Australia has been legal since 2013. The market is regulated by the Australian Securities and Investment Commission – ASIC, and it gives traders access to stocks and shares, commodities, futures, forex, and much more. But before venturing into contracts for differences in Australia, read our comprehensive reviews of the best brokers in the market.

Trustworthy CFD Brokers in Australia

There are tons of CFD brokers in Australia today. However, not all of them meet the standard market regulations. The brokers we have listed have been tested and rated by experts and are safe for people of all experiences. They include:

Capital.com

Capital.com is a popular CFD broker that has been operating since 2016. It is safe and offers a low-cost way of trading CFDs like crypto, indices, ETFs, stocks, and more.

The platform is fully regulated by the UK Financial Authority (FCA), the Australian Securities and Investments Commission (ASIC), and Cyprus Securities and Exchange Commission (CySEC). Though Capital.com doesn’t offer investor protection, customers enjoy negative balance protection. The minimum deposit on Capital.com is $20, and there is no withdrawal fee. Also, the platform is compatible with WebTrader, mobile apps, and desktops.

CMC Markets

CMC Markets is an international CFD broker launched back in 1989. For more than 3 decades, it has been providing traders access to CFD markets with zero commission. Moreover, CMC Markets is highly regulated to provide a safe trading environment. Access to more than 12000 instruments, including treasuries, stocks, commodities, indices, and crypto, attracts many Australians to this broker. So, if you are a highly seasoned trader looking for a CFD platform with high-level tools, CMC Markets is the best.

IG Markets

IG Markets is a well-respected CFD broker in Australia. The extensive selection of more than 18,000 markets is one of the reasons it attracts many traders. Here, you will find digital 100s, interest rates, ETFs, futures, commodities, and many other options. 

Another appealing aspect about IG Markets is that it has 0% commission across all markets except on stocks. All trade spreads on major CFDs forex pairs on this platform start from 0.6 pips. The minimum deposit to trade is $250, and you will be charged 1% when you deposit with Visa and 0.5% with Mastercard.

Unlike many brokers, IG Market provides access to different platforms to trade CFDs, such as MT4, and native proprietary solutions like WebTrader and Mobile Apps.

Pepperstone

Pepperstone is an Australian-based CFD broker founded in 2010. This ASIC-regulated platform stands out for offering technology that matches traders’ individual preferences. In addition, traders can choose to buy and sell CFDs on a commission-free basis or pay a standard commission. The latter account provides access to EUR/USD at 0.0 pips during normal trading hours.

The good thing is that both accounts offer free payments, and there are no deposit limits. Another thing is that the platform provides numerous options for finding market opportunities. The various CFD instruments available include stocks, forex, indices, crypto, and more. With Pepperstone, you can get access to various platforms, including MT5, cTrader, and MT4.

eToro

eToro was launched in 2017, and it’s an incredible platform for beginners. This Fintech social trading platform provides service to the Australian market under the ASIC regulations. To trade on eToro, you must make an initial deposit of $50. The appealing thing is that all AUD transactions can be processed through credit/debit cards, e-wallets, and bank transfers.

Even more exciting is that eToro provides traders access to CFDs and real estate assets. It is considered the best platform to buy shares, ETFs, and cryptocurrencies in Australia as it has a 0% commission fee.  

Additionally, the eToro platform can be accessed instantly through standard browsers like Chrome and Safari. Traders can also get the free app for Android and iOS devices. 

The Bottom Line

CFD trading is booming in Australia. There are many trading brokers offering access to thousands of markets. The best brokers we have listed are highly regulated by respected authorities, including the ASIC. We test each platform to ensure it is safe before recommending it. The secret to successful CFD trading is developing an optimal strategy and researching.