Best CFD Brokers in Australia (2026)

What I keep coming back to with Capital.com is the enormous product range it packs into a mid-market broker, and the platform integration is something I genuinely rate. You get more than 4,500 instruments spanning 130+ forex pairs, 25+ indices, 3,000+ share CFDs, 30+ commodities, 100+ crypto CFDs and 250+ ETF CFDs, all tradeable on the firm's own WebTrader, on MT4 and MT5, or natively inside TradingView. Retail pricing is spread only with no separate commission, the minimum deposit is A$20 and there is no inactivity fee. Capital Com Australia has held AFSL 513393 since 2021, within a group also regulated by the FCA and CySEC.

With a London launch in 2016 and ASIC regulation under AFSL 513393 since 2021, Capital.com has grown into one of the fastest-moving mid-market CFD brokers we track in Australia. The parent group also holds FCA (UK), CySEC (Cyprus) and SCB (Bahamas) licences and reports more than 600,000 active accounts globally.

The Standard account uses dynamic pricing rather than a published fixed rate; our September 2026 capture recorded EUR/USD at 0.74 pips with no commission. You can trade through the Capital.com WebTrader, MT4, MT5 and what I see as the real draw, native TradingView execution. Over 4,500 tradeable instruments span forex, indices, commodities, shares and crypto CFDs, so most traders will find the markets they want on a single login.

You can open an account with a A$20 minimum deposit and fund it fee-free in Australia via PayID, card, PayPal and Apple Pay. Retail leverage follows the ASIC retail caps, and negative balance protection plus AFCA dispute coverage come as standard. Customer support runs 24/5 by live chat, though there is no phone support for retail clients.

The reason I keep FP Markets in the runner-up spot is its direct market access to ASX-listed equities through IRESS alongside more than 10,000 share CFDs, an Australian equity setup no other broker here can match. CFD traders get the Raw account, and Noam's live capture shows EUR/USD around 0.10 to 0.15 pips plus A$3.50 per side commission, across MT4, MT5, cTrader, TradingView and IRESS Trader. The minimum deposit is A$100 for CFD accounts and there is no inactivity fee. First Prudential Markets has held AFSL 286354 since 2005, and it is one of only two brokers in this list running five trading platforms.

FP Markets was founded in Sydney in 2005 and holds AFSL 286354, which makes it one of the longest-running Australian-headquartered RAW-style brokers we cover. The group also holds CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) and CMA (Kenya) licences.

The Raw account pairs EUR/USD spreads from 0.0 pips with AUD 7 round-turn commission per standard lot, a pricing structure that favours active traders who want tight raw spreads and accept a clear per-trade cost. The Standard account is commission-free with wider spreads, which suits a lower-frequency approach. What sets FP Markets apart on this list is the IRESS account, and in my view that is the real reason to choose it, it provides DMA access to ASX equities and international shares that you simply will not find elsewhere in this ranking.

The Raw and Standard accounts require a $100 minimum deposit; the IRESS account needs a separate application and a higher balance. Fee-free funding is available via PayID, BPAY, card and PayPal. Retail leverage follows the ASIC retail caps, and AFCA dispute coverage plus negative balance protection are standard.

FP Markets spread table (averaged over our September 2026 test cycle):

My top-rated broker overall is Pepperstone, and I want to be clear about why it sits third here: our CFD Fit score weights product range more heavily than cost, and its share CFD book of roughly 1,200 names is narrower than what CMC or IG offer. For pricing and platform choice, though, it is genuinely hard to beat: Razor commission of A$3.50 per side, 90+ forex pairs, 25+ indices, and MT4, MT5, cTrader, TradingView plus its own web platform all on a single login. There is no minimum deposit or inactivity fee, and Pepperstone has held AFSL 414530 since 2013.

Founded in Melbourne in 2010, Pepperstone has grown into one of Australia's largest forex brokers and has held ASIC AFSL 414530 since 2013. You are also protected by Tier-1 licences with the FCA (UK), BaFin (Germany), CySEC (Cyprus), CMA (Kenya) and DFSA (Dubai).

Two main account types are offered. The Razor (RAW) account pairs EUR/USD spreads from 0.0 pips with AUD 7 round-turn commission per standard lot, and this is the one I recommend for anyone who trades frequently. The Standard account is commission-free with EUR/USD from roughly 1.1 pips, which can work if you trade less often and want a simpler cost structure. The five supported platforms are MT4, MT5, cTrader, TradingView and the Pepperstone Trading Platform, with TradingView available on the Razor account only, not on Standard.

Funding is fee-free via PayID, BPAY, card and PayPal, and AUD-denominated accounts are available so you avoid a forced conversion. Retail leverage follows the ASIC retail caps, with negative balance protection and AFCA dispute coverage standard. Customer support runs 24/7 by live chat, which matters if you trade outside standard business hours.

Pepperstone spread table (averaged over our May to June 2026 test cycle):

When a trader's priority is exchange-listed share CFDs, ThinkMarkets is the name I keep bringing up. It brings a deep multi-asset book to the mid-table, 4,000+ instruments including 3,500+ share CFDs across the ASX, NYSE, NASDAQ, LSE and EU exchanges, and that breadth is what holds it in the conversation against larger rivals. The Melbourne-based broker pairs its ThinkTrader web and mobile platform, which adds TradingView on the same account, with MT4 for expert advisor users on the Standard and ThinkZero accounts. ThinkZero prices raw spreads with A$3.50 per side commission on AUD accounts and carries a hard A$500 minimum, a higher bar than most peers. ThinkMarkets has been ASIC-regulated under AFSL 424700 since 2012.

Founded in Melbourne in 2010 (AFSL 424700, TF Global Markets (Aust) Pty Ltd), ThinkMarkets holds Tier-1 licences alongside ASIC: FCA (UK), CySEC (Cyprus), FSCA (South Africa), DFSA (Dubai), JFSA (Japan). That's a regulatory stack rarely seen outside the biggest listed brokers. That's a regulatory stack I rarely see outside the biggest listed brokers.

The Standard account is commission-free with EUR/USD from 0.4 pips, a spread level that holds its own even against some raw accounts on this list. The ThinkZero RAW account pairs EUR/USD spreads from 0.0 pips with AUD 7.00 round-turn commission, which puts it in line with the Australian RAW pricing benchmark. Platforms supported are the ThinkTrader proprietary platform, MT4 and TradingView.

The minimum deposit is $0, with AU funding via PayID, BPAY and card. Retail leverage follows the ASIC retail caps, and AFCA dispute coverage plus negative balance protection are standard. Customer support runs 24/5 by live chat, email and phone, giving you a proper escalation path if chat does not resolve your query.

Nothing else here matches the scale I see at CMC Markets: over 12,000 CFD instruments, including 330+ forex pairs, 10,000+ share CFDs, 100+ commodities and one of the few bond CFD lineups in this group, and all of it sits on the Next Generation platform with pattern recognition scanning and client sentiment data built in. The Standard account is spread only with no commission and no minimum deposit, and the separate CMC Invest service adds direct ASX share dealing under its own licence. I like the fact that Morningstar and Reuters research feeds are integrated rather than bolted on. CMC Markets Asia Pacific has held AFSL 238054 since 2004.

Founded in London in 1989 and operating in Australia since 2002, CMC Markets is one of the longest-tenured CFD brokers in the AU market. The Australian entity holds AFSL 238054, and the group is LSE-listed with additional FCA (UK), BaFin (Germany), MAS (Singapore) and CIRO (Canada) licences.

Standard account spreads start from 0.5 pips on EUR/USD with no commission; if you trade higher volume and want tighter pricing, FX Active pairs tighter spreads with a commission. CMC also runs a separate stockbroking service for direct ASX share investing, which is useful if you want CFD exposure and outright share ownership under one roof. The Next Generation platform pairs with MT4, though the AU entity does not offer MT5 or cTrader.

There is a $0 minimum deposit and fee-free AU funding via bank transfer, PayID and PayPal, so you can start small and scale up. Retail leverage follows the ASIC retail caps, with negative balance protection and AFCA dispute coverage standard. Customer support runs 24/5 by live chat, email and phone.

CMC Markets spread table (CMC Markets column: indicative standard-account pricing, not from our measured capture):

If a trader tells me they want every market in one place, IG Markets is the range heavyweight I point to. You get 17,000+ markets spanning 80+ forex pairs, 30+ indices, 13,000+ share CFDs, 35+ commodities and bond CFDs, plus Knock-Out and Barrier options that no other broker here offers to retail clients. Trading runs on the IG web platform or MT4, and ProRealTime charting is free for clients trading four or more times a month. The minimum deposit is A$100 by card, or A$10 by BPAY, and IG has operated in Australia since 2002, with IG Australia Pty Ltd holding AFSL 515106.

IG is one of the oldest brokers in the industry, founded in 1974 and listed on the London Stock Exchange as a FTSE 250 constituent. IG has operated in Australia since 2002; new Australian CFD accounts are issued by IG Australia Pty Ltd under AFSL 515106. The group also holds FCA (UK), MAS (Singapore), CIRO (Canada) and 8 additional Tier-1 licences, a regulatory footprint that few brokers anywhere can match.

The headline draw is product breadth: 17,000+ tradeable markets including 13,000+ share CFDs, the broadest range of any ASIC-regulated broker we cover. Forex coverage spans 90+ pairs, which covers every major, minor and exotic you are likely to need. Spreads start from 0.6 pips on EUR/USD with no commission on the standard account; if you prefer a commission structure, Forex Direct adds a volume-tiered commission billed in US dollars per US$1 million of notional.

A $0 minimum deposit and fee-free AU funding via PayID, BPAY, card and PayPal make the account accessible. Platforms include MT4, the IG Web Platform and the IG Mobile App. Retail leverage follows the ASIC retail caps, and negative balance protection plus AFCA dispute coverage are standard.

IG Markets spread table (averaged over our September 2026 test cycle):

For execution-first traders, IC Markets is the execution pick of the ten, and if low-latency fills matter more to your strategy than product range, this is where I would send you. The Raw Spread account averaged 0.11 pips on EUR/USD in our September 2026 capture with A$4.50 per side commission, and CFD coverage takes in 25+ indices, roughly 2,000 share CFDs on MT5, commodities and 18+ crypto CFDs; ETF CFDs join as a seventh class on 25 September 2026 under the broker's updated PDS. cTrader is its recommended platform alongside MT4 and MT5, and execution consistently places among the fastest we track, with free VPS for qualifying active traders. The minimum deposit is US$200, and International Capital Markets has held AFSL 335692 since 2009.

Founded in Sydney in 2007, IC Markets is one of Australia's longest-running ECN brokers and has held AFSL 335692 since 2009. The Raw Spread account delivers EUR/USD spreads from 0.0 pips with AUD 9 round-turn commission, while the cTrader RAW account bills USD 3.00 per USD 100,000 traded per side, converted to your account currency. The Standard account is commission-free with spreads from 1.0 pips, but in my view the Raw and cTrader RAW accounts are the real reason to choose IC Markets.

Liquidity comes from 25+ Tier-1 banks and dark pools, and the result is true ECN execution that suits scalpers and EA traders who need their orders filled at the price they see. Platforms supported are MT4, MT5 and cTrader. Over 2,250 tradeable instruments span forex, indices, commodities, bonds, shares and crypto CFDs, and the PDS dated 25 September 2026 adds ETF CFDs to that range.

The minimum deposit is $200, which is higher than the $0 brokers in this list, so you need a little more capital to get started. AUD funding via PayID, BPAY and card is fee-free. Retail leverage follows the ASIC retail caps, with AFCA dispute coverage and negative balance protection.

IC Markets spread table (averaged over our September 2026 test cycle):

I recommend Plus500 for the trader who wants CFD trading kept simple, and that simplicity is exactly what sells it for a certain kind of trader. You get one spread-only account, one proprietary WebTrader platform across browser, Windows and mobile, and 2,800+ instruments including around 70 forex pairs, 30+ indices and roughly 2,000 share CFDs. Guaranteed stop-loss orders, priced through a wider spread set when the position opens, make it a strong risk-management fit for newer CFD traders. The minimum deposit is A$100. Plus500AU has held AFSL 417727 since 2012, and the parent is a FTSE 250 company.

London Stock Exchange-listed (FTSE 250) and ASIC-regulated under AFSL 417727 since 2012, Plus500 operates a markup-pricing model on a proprietary platform with no MT4/MT5/cTrader. That platform lock-in is the trade-off for the clean experience already described. That platform lock-in is the trade-off for the clean experience I mentioned. If you can live without third-party platforms, the trade-off is a clean, controlled environment that is hard to misconfigure.

Spreads are baked into the price with no separate commission, so what you see on the ticket is what you pay. EUR/USD runs 0.6 to 1.0 pips typical. The platform is deliberately simple: a single account type, a clean trade ticket and 2,800+ CFD instruments. Guaranteed stop-loss orders are available for a small premium, and that feature alone can give newer traders more confidence in volatile markets.

You need a $100 minimum deposit, and funding in AUD carries no fee from Plus500 via card, Google Pay, PayPal, BPAY and bank transfer. Retail leverage follows the ASIC retail caps, and AFCA dispute coverage plus negative balance protection are standard.

Plus500 spread table (Plus500 column: advertised typical ranges, not from our measured capture):

The catch with eToro is the USD default account: without the eligible AUD account, it adds a conversion cost on every AUD deposit and withdrawal. I rate its CopyTrader system the most developed copy product we cover, and it pairs that social angle on CFDs with a mix of CFDs and real shares across roughly 3,000 instruments. Retail pricing is spread only, and real US, UK, EU and ASX shares trade at a flat US$2 per order. The minimum deposit is US$50, and eToro AUS Capital has held AFSL 491139 since 2017.

Founded in Tel Aviv in 2007 and operating in Australia since 2018 under AFSL 491139, eToro has become the world's largest social trading platform with 30M+ registered users globally. The group also holds FCA (UK), CySEC (Cyprus) and FinCEN (US) regulation.

eToro's proprietary platform supports both forex/CFD trading and direct share investing at a flat USD 2 per trade (ETFs at 0%) across US, AU, UK and EU exchanges, a setup that works well for copy trading and outright share ownership in one place. CopyTrader lets you automatically replicate other traders' positions, while Smart Portfolios bundle thematic baskets for a more hands-off approach. There is no MT4, MT5, cTrader or TradingView trading, so you commit to eToro's ecosystem.

The trading account is USD-based, and an AUD local currency account lets Australians deposit, hold and withdraw AUD; conversion fees from 0.75% apply when switching to USD, and that is a cost you need to factor into your return calculations. The $50 USD minimum deposit keeps the barrier low, and funding runs via card, PayPal, bank transfer and select e-wallets. Retail leverage follows the ASIC retail caps, with AFCA dispute coverage standard.

eToro spread table (eToro column: indicative standard-account pricing, not from our measured capture):

Interactive Brokers is the clear choice for traders who want CFDs beside a full investing stack, and it rounds out the ten for me. Index, single-stock and forex CFDs sit alongside direct access to 150+ markets in 33 countries, real bonds and listed options, all in true multi-currency accounts that hold AUD without forced conversion. Pricing is commission-based rather than spread markup, and ASX stockbroking starts from about A$6 per trade, the cheapest on our site for active share traders. There is no minimum deposit, and Interactive Brokers Australia has held AFSL 453554 since 2016.

Founded in 1978 and NASDAQ-listed (IBKR), Interactive Brokers operates the Australian entity under AFSL 453554. The group holds licences across every major financial market and is one of the very few brokers offering direct exchange access alongside CFDs, which matters if you want CFD positions and your physical portfolio on the same screen.

IBKR's pricing model is volume-tiered with very low headline commissions. Spreads on forex pairs start from 0.2 pips with a typical commission of USD 2.50 per AUD 100,000. The platform stack is built around Trader Workstation (TWS), which is feature-dense and built for professionals, plus the lighter IBKR Mobile, GlobalTrader and WebTrader for when you are away from your desk.

You can open an account with a $0 minimum deposit and fund it fee-free via PayID, BPAY, card and wire. Retail leverage follows the ASIC retail caps, and AFCA dispute coverage plus negative balance protection are standard. Inactivity fees apply on small accounts, so this broker suits active traders better than buy-and-hold investors.