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Top CFD Brokers in Australia - Sept. 2023

Find the best CFD Broker for you & Start trading Now !

Broker Advantages

This shows the available offer of each broker, T&C apply (special offers are subject to changes from time to time).

Asset
Type

The main asset classes you can trade CFD with. For example: Stocks, Currencies, Indices, ETFs, Options and Commodities.

Spreads
From

The difference between the BID & the ASK price quote for each broker's major trading instrument (asset). The spreads are shown according to conventional units. PU=Per Unit, Pts.= Points, Pips=The fourth decimal place(0.0001). Depend on the trading instrument and are constantly adjusted according to the market spread.

Max
Leverage

Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 contracts, but only pay the equivalent of 1 contract valuation.

User
Score
Regulation Start Trading
1

Innovative technology

Multiple trading platforms

Stocks
Currencies
Indices
Commodities
0.1 PIPs
0 PIPs
0.1 Pts
.3 Pts
1:10
1:200
1:25
1:100
FCA (UK), DFSA, ASIC ,CMA, CYSEC, SCB
2

Innovative technology

Multiple trading platforms

Currencies
Stocks
0.1 PIPs
0.1 Pts
1:10
1:25
FCA (UK), DFSA, ASIC
3

Innovative technology

Multiple trading platforms

Stocks
Currencies
Indices
Commodities
0.1 PIPs
0.1 PIPs
1:200
1:100
FMA (New Zealand), FSA

Last updated on January 31st, 2023 at 11:38 am

Understanding CFD Trading

CFDs are traded between traders and providers. Every provider has their own terms so there are no standard contract terms. However, many CFD providers share similarities in their contract terms. A CFD begins by opening a trade on a specific instrument – this establishes a position in that financial instrument and there is no expiration date. When the position is closed, the difference between the closing price and opening price is paid. This is either a profit or a loss. The CFD may charge fees including commission, big-offer spread, account management and overnight financing.
While CFDs do not expire, positions that are open overnight are rolled over. This means that any profit or loss is realized and is credited to the trader. CFDs are traded with margin and traders must keep a minimum margin level at all times. A common feature in CFD trading is that loss, profit and margin requirements are constantly calculated in real time and can be seen by traders. If the amount of funds in the trader’s account decreases to a level that is below the minimum margin level then margin calls may be made.

How to choose a CFD broker?

A CFD (Contract for Difference) is a derivative trading instrument. With CFDs, you simply speculate on the price movements of financial assets. There are multiple markets to trade including indices, equities, currency pairs, commodities and bonds.

  • Choose an ASIC regulated cfd broker

Unregulated CFD brokers are dicey propositions. Avoid them and choose online trading brokerages that have full licensing and regulation. In Australia, by the Australian Securities & Investments Commission (ASIC) – for maximum security and protection.

  • Trading Platforms

CFD trading is conducted online. Traders have a preference for high quality trading platforms such as MetaTrader 4, WebTrader, mobile trading options for Android and iOS, as well as proprietary trading platforms tailored to the broker in question.

  • Available account options

Ideally, you want access to multiple account options. Each trader requires a unique set of options including minimum and maximum deposits, personalised support, educational resources, and exclusive trading opportunities. Competitive spreads, leverage and range of payment processing options are important for CFD trading.

  • Educational tools for CFD trading

The best CFD traders are the ones who understand market dynamics. CFD brokers can perform an invaluable service by providing their clients with access to the finest charting tools, market updates, economic calendars, expert financial insights, signal indicators, webinars and a comprehensive FAQ database.

The best CFD traders are the ones who understand market dynamics. CFD brokers can perform an invaluable service by providing their clients with access to the finest charting tools, market updates, economic calendars, expert financial insights, signal indicators, webinars and a comprehensive FAQ database.

 

 

 

 

 

"A friend of mine recommended them to me. They are by far the best CFD broker I ever used thus ."

User Score: 99 Written on: 22.10.2016

Pros

  • Active social media pages
  • Segregated client accounts
  • Multiple customer support options
  • Forex, commodities, indices, CFDs, and crypto
  • Fully licensed and regulated by FCA and ASIC
  • 11 trading platforms for mobile, PC, Mac, and tablets
  • Spreads from 0.0 pips and the $0 commissions on STP spreads

Cons

  • Clients from the following countries are not allowed to trade: United States of America, New Zealand, Japan, Burma, Canada, Côte d’Ivoire, Democratic People’s Republic of North Korea, Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Iran, Iraq, Lebanon, Liberia, Libya, Somalia, Sudan, Syria, and Zimbabwe.
  • No bonuses or promotions at the time of writing

"A friend of mine recommended them to me. They are by far the best CFD broker I ever used thus far."

User Score: 99 Written on: 22.10.2016

Pros

  • Active social media pages
  • Segregated client accounts
  • Multiple customer support options
  • Forex, commodities, indices, CFDs, and crypto
  • Fully licensed and regulated by FCA and ASIC
  • 11 trading platforms for mobile, PC, Mac, and tablets
  • Spreads from 0.0 pips and the $0 commissions on STP spreads

Cons

  • Clients from the following countries are not allowed to trade: United States of America, New Zealand, Japan, Burma, Canada, Côte d’Ivoire, Democratic People’s Republic of North Korea, Democratic Republic of the Congo, Eritrea, Former Federal Republic of Yugoslavia, Iran, Iraq, Lebanon, Liberia, Libya, Somalia, Sudan, Syria, and Zimbabwe.
  • No bonuses or promotions at the time of writing
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