In this article, we will talk about the best CFD trading platforms in Australia. We will also talk about the factors we look for when choosing the best CFD trading platforms.
There are hundreds of CFD trading platforms out there in Australia, but only few of these platforms are great.
There are several factors that need to be considered when choosing the best CFD trading platforms in Australia.
The most important factor is that the trading platform must be regulated by the Australian Securities and Investment commission (ASIC). The other factors to consider are, trading software provided, customer support, fees, trade execution speed and payment methods.
5 Best CFD trading platform providers in Australia
The following are the best CFD trading platforms in Australia.
1. Fusion Markets
Assets Available | 5 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices. |
Regulated By | ASIC, VFSC |
No. Of Trading Platforms | 4 Trading Platforms – TradingView, MT4, MT5, cTrader |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From $0 |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Educational Blog |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, PayPal, etc. |
Open Account |
The Fusion Markets is one of the best CFD trading platform providers in Australia. The Fusion Markets broker is regulated by the Australian Securities and Investment Commission (ASIC).
This broker was founded in 2017, and is headquartered in Melbourne, Australia.
Fusion Markets is a great broker known for offering low spreads and commissions.
This broker offers traders with 4 different account types. These account types are the zero account, classic account, demo account and the fusion pro account. For the zero account, the spreads start from 0.0 pips and the commission charged is $2.25 per side. For the classic account, the spreads start from 0.9 pips and no commission is charged.
The Fusion Markets broker offers traders 4 main trading platforms. These are TradingView, MetaTrader 4, MetaTrader 5, and cTrader trading platform.
When it comes to customer support, the Fusion markets broker provides traders with 24/7 customer support. Traders can contact the Fusion markets customer support through multiple methods which are email, phone and live chat.
This broker provides a leverage of up to 1:30 for Australian retail clients and maximum leverage of up to 1:500 for professional clients.
To get started trading with the Fusion Markets broker, you don’t require a minimum deposit.
If you are interested in learning more about the fusion broker, check our full review here or watch the video below.
2. AvaTrade
Assets Available | 7 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices, ETFs, bonds. |
Regulated By | ASIC, FSCA, FSA, ADGM, FRSA, ISA, CySEC, CBI |
No. Of Trading Platforms | 8 Trading Platforms – TradingView, MT4, MT5, AvaOptions, AvaSocial, DupliTrade and ZuluTrade |
Leverage | Up to 1:400 |
Spreads | Around 0.9 for Majors |
Commission | 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, WebMoney, PayPal |
Open Account |
AvaTrade is another great CFD trading platform provider that is highly regulated by the Australian Securities and Investment commission (ASIC).
AvaTrade broker was founded in Dublin, Ireland in 2006. AvaTrade boasts a massive global customer base of 400,000, who generate over two million trades every month.
The AvaTrade broker offers traders with 8 different trading platforms. Including the popular MetaTrader 4 and MetaTrader 5 trading platforms. AvaTrade also offers a mobile trading platform call the AvaTrade Go for traders who prefer mobile trading.
The AvaTrade broker offers traders with 24/5 customer support. Traders can contact the AvaTrade customer support through multiple methods which are email, phone and WhatsApp.
The AvaTrade broker provides traders with 2 main account types. These are the retail trader account and professional trader accounts. In addition to these two, they also provide an Islamic account for Islamic traders as well.
For the retail account, the AvaTrade broker does not charge a commission and the spreads are around 0.9 pips for the Major currency pairs.
The maximum leverage provided by the AvaTrade broker is up to 1:400. This is only applicable for international retail clients and professional clients. For Australian retail clients, the max leverage is 1:30.
To start trading with the AvaTrade broker, you require a minimum deposit of $100.
If you are interested in learning more about the AvaTrade broker, check our full review here or watch the video below.
3. IC Markets
Assets Available | 7 Asset Classes – Forex, Commodities, Indices, Bonds, Crypto, Stocks, Futures |
Regulated By | ASIC, CySEC, FSA |
No. Of Trading Platforms | 4 Trading Platforms – MetaTrader 4, MetaTrader 5, cTrader and TradingView. |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $200 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit Card/Debit Card, PayPal, Neteller, Skrill, Wire transfer, BPay, Broker to Broker, RapidPay and Klarna |
Open Account |
The IC Markets broker is also another great CFD trading platform, provider that is regulated by the Australian Securities and Investment Commission. The IC Markets broker was founded in Sydney, Australia in 2007.
The IC Markets broker provides traders with 3 main account types. These are the raw spread cTrader/TradingView, raw spread MetaTrader and standard account. For the Raw spread accounts the spreads starts from 0.0 pips but for the standard account the spreads starts from 0.8 pips.
For the standard account, there are no commissions charged. For the raw spread cTrader/TradingView account, the commission charged is $3 per lot per side and for the raw spread MetaTrader account, the commission charged is $3.5 per lot per side.
This broker offers traders with a range of trading platforms. These are, MetaTrader 4, MetaTrader 5, cTrader and TradingView trading platform.
The IC markets broker provides traders with 24/7 customer support. Similar to the previous brokers, you can contact the IC markets support through phone, email and live chat.
This broker provides a maximum leverage of up to 1:500 for professional clients and 1:30 for retail clients. To start trading with the IC Markets broker, traders require a minimum deposit of $200.
If you are interested in learning more about the IC Markets broker, check our full review here or watch the video below.
4. Pepperstone
Assets Available | 6 Asset Classes – Forex, Commodities, Indices, Shares, ETFs, Cryptocurrency. |
Regulated By | ASIC, FCA, CySEC, DFSA, CMA, SCB, and BaFin |
No. Of Trading Platforms | 5 Trading Platforms – TradingView, MT4, MT5, Pepperstone trading platform, cTrader. |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Guide for beginners |
Methods of Payment | Visa, Mastercard, Bank transfer, BPay, PayPal, Neteller, Skrill |
Open Account |
The Pepperstone broker is also a great CFD platform provider that is regulated by the Australian Securities and Investment Commission (ASIC). This broker was founded in Melbourne, Australia in 2010.
The Pepperstone broker offers traders with a range of account types. The main two account types are the standard account and the razor account. In addition to these accounts, this broker offers an Islamic account, professional account and premium account.
The Pepperstone broker provide traders with 5 main trading platforms. These are MetaTrader 4, MetaTrader 5, TradingView, cTrader and the Pepperstone trading platform.
This broker provides traders with 24/7 customer support. Traders can contact the Pepperstone broker through email, phone, WhatsApp and live chat.
For retail Australian clients, the maximum leverage provided by this broker is up to 1:30. For professional clients, the maximum leverage provided is up to 1:500.
To start trading with the Pepperstone broker, traders do not require a minimum deposit, but the Pepperstone broker recommends a deposit of $200.
5. CMC Markets
Assets Available | 6 Asset Classes – Forex, Crypto, Shares, Treasuries, Indices, Commodities. |
Regulated By | FCA, ASIC, DFSA, CySEC, CMA, SCB, BaFin |
No. Of Trading Platforms | 5 Trading Platforms – NGEN, MT4, FX Active, CMC Invest, CMC Mobile App |
Leverage | Up to 1:30 |
Spreads | From 0.7 pips |
Commission | From 0% |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit/debit cards, bank transfers, electronic wallets, and cheques |
Open Account |
CMC markets is another good CFD trading platform provider that is regulated by the Australian Securities and Investment Commission (ASIC). The CMC markets was found in the United Kingdom, in 1989.
CMC Markets offers a variety of account types. For forex and CFD trading, the primary options are the CFD trading account and Corporate Account. Additionally, they provide a spread betting account specifically for UK clients.
The spreads for the CMC markets broker starts from 0.7 pips for major forex pairs and commission from 0.1 % for shares.
This broker provides traders with several trading platforms. These include the popular MetaTrader 4 platform and NGEN which is CMC’s flagship trading platform.
CMC Markets offers customer support through live chat, phone, email, and a contact form for non-critical inquiries. Their customer support hours might be limited compared to other brokers, operating typically between 7:30 AM and 7:00 PM Sydney time.
For retail clients, the CMC markets broker provides a leverage of up to 1:30. To start trading with the CMC markets broker, you do not require a minimum deposit.
Conclusion
In this article, we looked at 5 great CFD trading platform providers that are good for traders living in Australia. All of these CFD trading platform providers are regulated by the Australian Securities and Investment Commission (ASIC) in Australia and provide great features for traders.
