Best CFD Brokers in Australia (2026)

Capital.com (AFSL 513393) is the most polished mid-market CFD platform we have tested in Australia. The WebTrader is genuinely well-built, native TradingView execution is mature, and the FCA, ASIC and CySEC stack gives a Tier-1 regulatory profile newer entrants do not have. Standard-account spreads are spread-only with no commission across 4,500+ instruments, which is the simplest cost stack for traders who do not want to think about per-side commission maths.

The Investmate education app — built around an AI layer that flags behavioural biases in your trading — is a genuine differentiator with no direct equivalent at any other AU CFD broker. A$20 minimum deposit and no inactivity fee at time of publish.

No MT5 and no cTrader. AU operating history is shorter than CMC, IG, Pepperstone or IC Markets. The standard markup account is not the absolute lowest total cost — raw-account scalpers will still prefer Pepperstone Razor or IC Markets Raw Spread.

London-founded in 2016 and ASIC-regulated since 2021 under AFSL 513393, Capital.com is one of the fastest-growing mid-market CFD brokers in Australia. The group also holds FCA (UK), CySEC (Cyprus) and SCB (Bahamas) licences and reports 600,000+ active accounts globally.

The Standard account quotes EUR/USD from 0.6 pips with no commission. The platform stack is the Capital.com WebTrader, MT4 and native TradingView execution. Over 4,500 tradeable instruments span forex, indices, commodities, shares and crypto CFDs.

A$20 minimum deposit with fee-free AU funding via PayID, card, PayPal and Apple Pay. Retail leverage capped at ASIC's 30:1 on majors. Negative balance protection and AFCA dispute coverage standard. Customer support runs 24/5 by live chat (no phone support for retail).

FP Markets (AFSL 286354) is one of two AU brokers on the shortlist that offers IRESS for share CFD trading. IRESS gives you institutional-grade depth-of-market and ASX integration that's hard to match. Forex spreads on the Raw account are competitive (EUR/USD around 0.1 pips plus AUD 6 commission per round-turn lot). MT4, MT5, cTrader and TradingView are also available.

IRESS subscription tiers add a monthly cost if you don't trade enough volume. Standard account spreads (without IRESS or Raw) are average rather than category-leading.

Founded in Sydney in 2005, FP Markets holds AFSL 286354 and is one of the longest-running Australian-headquartered RAW-style brokers. 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 6 round-turn commission per standard lot. The Standard account is commission-free with wider spreads. The differentiator on this list is the IRESS account, which provides DMA access to ASX equities and international shares.

$100 minimum deposit on the Raw and Standard accounts; the IRESS account requires a separate application and higher balance. Funding is fee-free via PayID, BPAY, card and PayPal. Retail leverage capped at ASIC's 30:1 on majors. AFCA dispute coverage and negative balance protection standard.

FP Markets spread table (averaged over our most recent test cycle):

Pepperstone holds AFSL 414530 and is the largest Melbourne-headquartered forex broker. The Razor account brings EUR/USD to around 0.06 pips raw plus AUD 7 commission per round-turn lot, which is among the lowest total cost on the AU market. MT4, MT5, cTrader and TradingView are all native. The CFD product range is narrower than CMC or IG, but for forex traders who occasionally trade indices, gold and a handful of share CFDs, Pepperstone covers the ground without the depth-tax.

Smaller share CFD selection than CMC or IG. No proprietary pattern scanner. Crypto CFDs offered but the universe is smaller than eToro.

Founded in Melbourne in 2010 under ASIC AFSL 414530, Pepperstone is one of Australia's largest forex brokers and has been continuously Australian-regulated since launch. It also holds 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 0.06 pips with AUD 7 round-turn commission per standard lot. The Standard account is commission-free with EUR/USD from roughly 1.1 pips. Five trading platforms are supported: MT4, MT5, cTrader, TradingView and the Pepperstone Trading Platform.

Funding is fee-free via PayID, BPAY, card and PayPal. AUD-denominated accounts available. Retail leverage capped at ASIC's 30:1 on major pairs, with negative balance protection and AFCA dispute coverage standard. Customer support runs 24/7 by live chat.

Pepperstone spread table (averaged over our most recent test cycle):

ThinkMarkets (AFSL 424700) is Melbourne-founded, ASIC-regulated continuously since 2010, and runs a broader CFD menu than the forex-pure brokers — 4,000+ tradeable instruments including share CFDs, ETFs, futures CFDs and crypto CFDs. The ThinkZero RAW account pairs EUR/USD spreads from 0.0 pips with USD 7 round-turn, and the ThinkTrader proprietary mobile app is one of the better trading apps in our coverage.

Commission is quoted in USD rather than AUD, so the all-in cost on AUD-base sizing depends on the rate. Standard account spreads are average rather than category-leading. USD 10 monthly inactivity fee after 12 months dormant.

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).

The Standard account is commission-free with EUR/USD from 0.4 pips. The ThinkZero RAW account pairs EUR/USD spreads from 0.0 pips with USD 7 round-turn commission. Platforms supported are the ThinkTrader proprietary platform, MT4, MT5, TradingView and ZuluTrade copy trading.

$0 minimum deposit with AU funding via PayID, BPAY, POLi and card. Retail leverage capped at ASIC's 30:1 on majors. AFCA dispute coverage and negative balance protection standard. Customer support runs 24/5 by live chat, email and phone.

CMC has held AFSL 238054 since 2002. The parent is ASX-listed (ticker CMC). The Next Generation platform is the strongest proprietary CFD platform offered to AU retail clients, with 115+ technical indicators, a pattern recognition scanner, client sentiment data and 70 chart patterns built in. Total product count sits at 12,000+ CFDs across forex, indices, commodities, 10,000+ share CFDs, crypto and bonds.

The FX Active commission account adds a $2.50 per side per 100k commission and brings EUR/USD to around 0.5 pips raw plus commission. That's not the absolute lowest in our 29-broker set, but it's competitive and the platform makes up the gap for most traders.

CMC also runs an integrated stockbroking arm. If you want to trade CFDs intraday and hold ASX equities long-term in the same login, no other broker on this list matches that.

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 AU entity holds AFSL 238054. The group is LSE-listed and also holds FCA (UK), BaFin (Germany), MAS (Singapore) and CIRO (Canada) licences.

Standard account spreads start from 0.5 pips on EUR/USD with no commission; FX Active pairs tighter spreads with a commission. CMC also runs a separate stockbroking service for direct ASX share investing. The Next Generation platform pairs with MT4 (no MT5 or cTrader on the AU entity).

$0 minimum deposit and fee-free AU funding via PayID, BPAY and card. Retail leverage capped at ASIC's 30:1 on majors. Negative balance protection and AFCA dispute coverage standard. Customer support runs 24/5 by live chat, email and phone.

CMC Markets spread table (averaged over our most recent test cycle):

IG holds AFSL 220440 and has been operating in Australia since 2002. The product range is the deepest on this list at 18,000+ CFDs, including 13,000+ share CFDs across the ASX and 30+ international exchanges. ProRealTime is available alongside MT4 and IG's own web platform. Weekend support is available, which matters if you trade weekend crypto.

Higher minimum deposit than most ($300 effective in practice). Forex spreads on the standard account are wider than the RAW alternatives. The platform is more complex than Plus500 or eToro for a true beginner.

IG is one of the oldest brokers in the industry, founded in 1974 and listed on the London Stock Exchange (FTSE 250). The AU entity has operated under AFSL 220440 since 2002. The group also holds FCA (UK), MAS (Singapore), CIRO (Canada) and 8 additional Tier-1 licences.

The headline draw is product breadth: 18,000+ tradeable markets including 17,000+ share CFDs, the broadest range of any ASIC-regulated broker we cover. Forex coverage spans 90+ pairs. Spreads start from 0.6 pips on EUR/USD with no commission on the standard account; an Active Trader rebate programme is available for high-volume clients.

$0 minimum deposit and fee-free AU funding via PayID, BPAY, card and PayPal. Platforms include MT4, the IG Web Platform and the IG Mobile App. Retail leverage capped at ASIC's 30:1 on majors. Negative balance protection and AFCA dispute coverage standard.

IG Markets spread table (averaged over our most recent test cycle):

IC Markets (AFSL 335692) runs the same Razor-style ECN model as Pepperstone with a similar cost stack: EUR/USD around 0.0 to 0.1 pips raw plus AUD 7 commission per round-turn lot on the Raw Spread account. The MT4, MT5 and cTrader build is well-tuned. EA traders rate IC Markets highly because the trading server latency is among the lowest in our test panel.

No proprietary platform. Educational content is thinner than CMC or IG. Customer support is solid but operating-hours-bound to Sydney trading.

Founded in Sydney in 2007 (AFSL 335692), IC Markets is one of Australia's longest-running ECN brokers. The Raw Spread account delivers EUR/USD spreads from 0.02 pips with AUD 7 round-turn commission, while the cTrader RAW account uses AUD 6 commission. The Standard account is commission-free with spreads from 1.0 pips.

Liquidity is sourced from 25+ Tier-1 banks and dark pools, delivering true ECN execution that suits scalpers and EA traders. Platforms supported are MT4, MT5 and cTrader. Over 2,250 tradeable instruments span forex, indices, commodities, bonds, shares and crypto CFDs.

Minimum deposit is $200 — higher than the $0 brokers in this list. AUD funding via PayID, BPAY and card is fee-free. Retail leverage capped at ASIC's 30:1 on major pairs, with AFCA dispute coverage and negative balance protection.

IC Markets spread table (averaged over our most recent test cycle):

Plus500 (AFSL 417727) is the simplest CFD platform on this list. The web and app interface strips trading down to the essentials. The pricing model uses a stable markup that behaves like a fixed spread day-to-day. EUR/USD typically prints around 1.0 pip. There's no commission. AUD funding is supported. Plus500 also operates a separate Plus500 Invest product for direct ASX share investing, a recent addition worth noting.

No MT4 or MT5. Spreads aren't the lowest. The platform is deliberately stripped-back, so advanced charting and EA support aren't there.

London Stock Exchange-listed (FTSE 250) and ASIC-regulated under AFSL 417727 since 2008, Plus500 operates a markup-pricing model on a proprietary platform with no MT4/MT5/cTrader.

Spreads are baked into the price (no commission). EUR/USD averages around 0.8 pips. 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.

$100 minimum deposit with fee-free AU funding via PayID, BPAY, card and PayPal. Retail leverage capped at ASIC's 30:1 on majors. AFCA dispute coverage and negative balance protection standard.

Plus500 spread table (averaged over our most recent test cycle):

eToro (AFSL 491139) is the only broker on this list with native CopyTrader, a Popular Investor program, and Smart Portfolios. If you want to copy verified traders inside an ASIC-regulated platform, eToro is effectively the AU default. The CFD range covers 3,000+ instruments including 2,800+ share CFDs, 70+ crypto, and forex. AUD account base is supported.

Spreads are wider than the RAW alternatives. Withdrawal fees apply. Copy trading still carries CFD risk and isn't a substitute for due diligence on the trader you're copying.

Founded in Tel Aviv in 2007 and operating in Australia since 2018 under AFSL 491139, eToro is 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 with zero commission across US, AU, UK and EU exchanges. CopyTrader lets you automatically replicate other traders' positions; Smart Portfolios bundle thematic baskets. No MT4, MT5, cTrader or TradingView trading.

Account currency is USD only — AUD funding converts at deposit and withdrawal. $50 USD minimum deposit; funding via card, PayPal, bank transfer and select e-wallets. Retail leverage capped at ASIC's 30:1 on majors. AFCA dispute coverage standard.

eToro spread table (averaged over our most recent test cycle):

Interactive Brokers (AFSL 245574) gives Australian retail clients access to share CFDs across the world's largest equity exchanges with direct market access pricing. Commissions on ASX share CFDs start at AUD 6. EU and US share CFD commissions are similarly low. The Trader Workstation platform is the most powerful on this list for traders who want depth-of-book, algorithmic order types, and a programmatic API.

Steeper learning curve than any other broker here. Onboarding is more documentation-heavy. The platform isn't designed for casual users.

Founded in 1978 and NASDAQ-listed (IBKR), Interactive Brokers operates the AU entity under AFSL 245574. The group holds licences across every major financial market and is one of the very few brokers offering direct exchange access alongside CFDs.

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) — feature-dense and built for professionals — plus the lighter IBKR Mobile, GlobalTrader and WebTrader.

$0 minimum deposit with fee-free AU funding via PayID, BPAY, card and wire. Retail leverage capped at ASIC's 30:1 on majors. AFCA dispute coverage and negative balance protection standard. Inactivity fees apply on small accounts.