Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Data-led broker guide
Best forex & CFD brokers in Australia
We filtered the catalogue to brokers explicitly marked as accepting clients from Australia. This page contains 23 matching brokers; 23 hold at least one tier 5 licence in our catalogue. The lowest listed minimum deposit is $0 at CMC Markets. The lowest advertised spread is 0.0 pips at CMC Markets. The most common platforms are MetaTrader 4 (20), MetaTrader 5 (15), TradingView (13).
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: · Reviewed by BrokaBoy Research Team
How we picked these brokers
Filter: The broker is explicitly marked as accepting clients from Australia in the catalogue.
Order: Brokers licensed by the ASIC are listed first, then by BrokaBoy score.
Commissions never change ranking order on this page. Read our methodology.
Ranked brokers
CMC Markets
Advanced charts, LSE-listed
Affiliate link - see our Methodology
Pepperstone
FeaturedAward-winning execution speed
Affiliate link - see our Methodology
Axi
Australian MT4 specialist with a strong copy-trading offer
Affiliate link - see our Methodology
Forex.com
StoneX-owned broker with US and global entities
Affiliate link - see our Methodology
Saxo Bank
Licensed Danish bank offering deep multi-asset market access
Affiliate link - see our Methodology
IG
FTSE-listed global leader in CFDs and spread betting
Affiliate link - see our Methodology
OANDA
Precision pricing since 1996
Affiliate link - see our Methodology
ThinkMarkets
Multi-regulated broker with its own ThinkTrader platform
Affiliate link - see our Methodology
Vantage Markets
ASIC-supervised group with raw ECN pricing and copy trading
Affiliate link - see our Methodology
Moneta Markets
Multi-platform broker aimed at active retail traders
Affiliate link - see our Methodology
Capital.com
AI-assisted CFD platform with wide market coverage
Affiliate link - see our Methodology
Eightcap
Raw-spread broker with strong crypto CFD range
Affiliate link - see our Methodology
FP Markets
FeaturedECN pricing with 10,000+ instruments
Affiliate link - see our Methodology
GO Markets
Long-standing Australian forex specialist
Affiliate link - see our Methodology
Global Prime
Execution-transparency focused Australian broker
Affiliate link - see our Methodology
IC Markets
FeaturedRaw spreads for serious traders
Affiliate link - see our Methodology
XM
Featured10M+ clients, 190+ countries
Affiliate link - see our Methodology
FXCM
Long-running CFD broker with strong charting tools
Affiliate link - see our Methodology
VT Markets
Australian-founded broker with global reach
Affiliate link - see our Methodology
AvaTrade
Global broker, local support
Affiliate link - see our Methodology
easyMarkets
Fixed spreads with built-in risk tools
Affiliate link - see our Methodology
Plus500
Clean CFD trading, no clutter
Affiliate link - see our Methodology
eToro
FeaturedSocial trading, reinvented
Affiliate link - see our Methodology
Affiliate link - see our Methodology
Top brokers compared
Swipe sideways to see every column.
| # | Broker | BrokaBoy score | Listed min deposit | Advertised spread | Leverage | Platforms |
|---|---|---|---|---|---|---|
| 1 | CMC Markets | 9.3/10 | $0 | 0.0 pips | 1:30 | Next Generation, MetaTrader 4, CMC Mobile |
| 2 | Pepperstone | 9.2/10 | $10 | 0.0 pips | 1:400 | MetaTrader 4, MetaTrader 5, cTrader |
| 3 | Axi | 9.1/10 | $100 | 0.0 pips | 1:1000 (entity dependent) | MT4, MT5, Axi Copy Trading |
| 4 | Forex.com | 9.1/10 | $100 | 0.0 pips | 1:200 | MetaTrader 4, MetaTrader 5, Web Trader |
| 5 | Saxo Bank | 9.1/10 | $0 | 0.4 pips | Up to 1:30 (retail, EU/UK) | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor |
| 6 | IG | 9.0/10 | $0 | 0.6 pips | Up to 1:30 (retail, UK/EU) | IG Web Platform, ProRealTime, MT4 |
| 7 | OANDA | 9.0/10 | $0 | 0.0 pips | 1:50 (entity dependent) | OANDA Trade, MetaTrader 4, TradingView |
| 8 | ThinkMarkets | 8.9/10 | $0 | 0.0 pips | Up to 1:500 (entity dependent) | MetaTrader 4, MetaTrader 5, ThinkTrader |
| 9 | Vantage Markets | 8.9/10 | $50 | 0.0 pips | Up to 1:500 (entity dependent) | MT4, MT5, TradingView |
| 10 | Moneta Markets | 8.7/10 | $50 | 0.0 pips | 1:1000 | MetaTrader 4, MetaTrader 5, AppTrader |
Regulation in Australia
ASIC: Australian Securities & Investments Commission is the local authority in our catalogue. ASIC regulates Australian financial services licensees and, since its 2021 product intervention order, applies leverage limits and conduct standards very close to the UK and EU model.
Listed protections: Client money held in segregated trust accounts; Leverage capped at 1:30 for major FX pairs; Negative balance protection for retail clients; Standardised margin close-out at 50% of required margin; External dispute resolution via AFCA.
Frequently asked questions
Which broker has the lowest listed minimum deposit in Australia?+
CMC Markets has the lowest listed minimum deposit in this group at $0. Confirm current terms with the broker.
Which is the highest-scoring broker available in Australia?+
CMC Markets has the highest BrokaBoy score in this filtered group at 9.3/10. The score is calculated from advertised catalogue data; see our methodology.
How many ASIC-regulated brokers are listed?+
23 matching brokers hold a ASIC licence in our catalogue.
Is forex trading legal in Australia?+
Rules and access can change. This guide does not provide legal advice. Check the relevant local authority and the broker's regulated entity before opening an account in Australia.