Best Gold CFD Brokers in Australia (2026)

Capital.com (AFSL 513393) is the cleanest overall route to spot gold (XAU/USD) for traders who don't want to think about per-side commission maths. Pricing is spread-only with no commission, the WebTrader and native TradingView execution are both well-built, and the FCA / ASIC / CySEC stack gives a Tier-1 trust profile newer entrants don't have. A$20 minimum deposit, no inactivity fee at time of publish.

Capital.com is not the right answer for a high-frequency XAU/USD scalper. The Standard markup spread on gold is wider than Pepperstone Razor or IC Markets Raw Spread, and there is no commission-based raw account. If you turn over many lots a day on the New York open, the raw brokers below will work out cheaper all-in despite the commission per round-turn.

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.

Gold (XAU/USD) is priced on the Standard account with no commission. The platform stack is the Capital.com WebTrader, MT4 and native TradingView execution. ASIC's 20:1 retail leverage cap on gold applies.

A$20 minimum deposit with fee-free AU funding via PayID, card, PayPal and Apple Pay. AFCA dispute coverage and negative balance protection standard. Customer support runs 24/5 by live chat (no phone support for retail).

Pepperstone (AFSL 414530) is the largest Melbourne-headquartered forex and CFD broker, and gold sits as one of the most-traded instruments on the platform. The Razor account brings XAU/USD to around 8 cents typical spread plus AUD 7 commission per 100-ounce round-turn. MT4, MT5, cTrader and TradingView are all native, which matters because most gold automation runs on MT4 or MT5.

Execution is the second draw. Pepperstone's trading server latency in our test panel sits among the lowest of any AU broker, which matters around the New York open when XAU/USD can move 50 to 100 pips in a few minutes.

Standard account is wider than Razor on gold; if you trade gold often, Razor is the right account. No proprietary platform.

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):

IC Markets (AFSL 335692) runs the same Razor-style ECN execution stack as Pepperstone with slightly different liquidity providers. Raw Spread XAU/USD averages around 7 cents in our most recent measurement, with the same AUD 7 commission per round-turn 100-ounce lot. The MT4, MT5 and cTrader build is well-tuned for EAs.

EA-based gold strategies often run on IC Markets specifically because of the execution. Most published gold EAs have backtests calibrated against IC Markets's data feed.

$200 minimum deposit. No proprietary platform. Educational content thinner than CMC.

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):

Fusion Markets (AFSL 385620) prices gold competitively on its Zero account at around 12 cents typical spread plus AUD 4.50 commission per round-turn 100-ounce lot. The total cost is among the lowest in our 29-broker set on a per-lot basis. Fusion is a smaller broker than Pepperstone or IC Markets but the AFSL is in good standing and AFCA membership is current.

If you trade gold-heavy and care about raw cost per round-turn, Fusion is worth direct comparison. The MT4, MT5 and cTrader builds run the standard MetaQuotes/Spotware stacks.

Smaller broker by client base than the top three. No proprietary platform. Some mini and micro contract sizes have minimum order rules to read carefully.

Melbourne-founded in 2017 (AFSL 385620), Fusion Markets is the cheapest commission ECN broker on our shortlist. The Zero account pairs EUR/USD spreads from 0.0 pips with the lowest commission of any AU broker — AUD 4.50 round-turn per standard lot.

Platforms supported are MT4, MT5, cTrader and TradingView. Product range is narrower than the multi-asset brokers (forex-focused with selective indices and commodities), which is why active forex traders cluster here.

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

FP Markets (AFSL 286354) prices XAU/USD around 9 cents typical on the Raw account plus AUD 6 commission per round-turn 100-ounce lot. The differentiator versus Pepperstone or IC Markets is the IRESS subscription, which gives you institutional-grade access to ASX-listed gold miners (Newmont, Northern Star, Evolution Mining, Regis Resources) alongside the spot CFD position. If you trade the gold thematic across both sides, FP Markets covers more of it under one account than any other broker on this list.

IRESS subscription tiers add a monthly cost if you don't trade enough volume. Standard (non-Raw, non-IRESS) account is 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):

CMC Markets (AFSL 238054) doesn't compete on raw cost. The Standard account quotes XAU/USD around 30 cents; the FX Active commission account brings that down to around 18 cents plus a $5 round-turn commission. Both are wider than Pepperstone Razor. Where CMC wins is the platform. Next Generation has 115+ technical indicators, a pattern recognition scanner that flags chart patterns automatically, client sentiment data showing position bias on XAU/USD, and 70 chart patterns out of the box. For traders who use the platform's analytical layer rather than chasing the absolute lowest cost, CMC is the right pick.

CMC also runs ASX-listed (CMC) and is the most established trust profile of any broker on this list, having held its AFSL since 2002.

Standard account spread on gold is wider than RAW alternatives. Customer support 24/5 only.

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):

easyMarkets (AFSL 246566) is the closest thing Australia has to a dedicated fixed-spread broker. Gold is quoted at a fixed spread around 25 cents, regardless of market conditions. That holds during NFP, US CPI, ECB rate decisions and RBA meetings. Most variable-spread brokers widen aggressively into news. easyMarkets doesn't.

If you trade gold around scheduled events specifically, easyMarkets's fixed quote and the optional dealCancellation feature (which lets you reverse a losing trade for a small premium) cover a niche the RAW brokers don't.

Cost is meaningfully higher than the RAW alternatives during normal market conditions. If you trade outside news windows, you're paying a premium.

Founded in 2001 (originally as easy-forex), easyMarkets is ASIC-regulated under AFSL 246566 and one of the few brokers offering genuine fixed spreads to AU clients alongside variable Raw pricing.

The Fixed account quotes EUR/USD at 0.7 pips with no commission, never widening through news events. The Variable account follows a more standard Raw model. Platforms supported are the proprietary easyMarkets web and app, plus MT4, MT5 and native TradingView trading.

$25 minimum deposit (lowest in our shortlist) with fee-free AU funding via PayID, BPAY, card and Skrill/Neteller. Retail leverage capped at ASIC's 30:1 on majors. AFCA dispute coverage and negative balance protection standard.

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

AvaTrade (AFSL 406684, Ava Capital Markets Australia) offers MT4, MT5, AvaTradeGO mobile and the AvaProtect feature that lets you insure a trade against loss for a fixed cost. XAU/USD pricing on the Standard account averages around 35 cents, wider than the RAW alternatives. AvaTrade's strength is breadth: 1,250+ instruments, three platforms, AvaProtect risk management, and a globally-recognised brand.

Spreads are wider than top-tier alternatives. AU pricing model has shifted between fixed and variable in recent PDSs; verify which applies on the day you open.

Dublin-headquartered AvaTrade has been ASIC-regulated under Ava Capital Markets Australia (AFSL 406684) since 2014. The group also holds licences with the FFAJ (Japan), CySEC (Cyprus), BVIFSC (BVI), FSCA (South Africa) and ADGM (UAE).

AvaTrade runs a Standard-only account model with no Raw/ECN tier. EUR/USD spreads sit around 0.9 pips with no commission. The platform stack is the broadest of any broker in our shortlist: MT4, MT5, AvaOptions, AvaSocial, DupliTrade, AvaTradeGO and WebTrader.

$100 minimum deposit; fee-free AU funding via card, bank transfer and Skrill/Neteller. Note the aggressive fee schedule: USD 50 inactivity fee after three months idle, plus a USD 100 administration fee after twelve months. Retail leverage capped at ASIC's 30:1 on majors.

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

Vantage (AFSL 428901) prices XAU/USD around 12 cents on the Raw account plus AUD 6 commission per round-turn 100-ounce lot. cTrader and TradingView are both available, alongside MT4 and MT5. Vantage sits a step below Pepperstone and IC Markets on raw cost but the gap is small enough that platform preference (TradingView, particularly) often makes Vantage the right answer.

$200 minimum deposit. Smaller AU client base than the top three.

Sydney-founded in 2009 and ASIC-regulated under AFSL 428901, Vantage is a mid-sized ECN broker with a broader product range than the forex-pure brokers (more share CFDs, ETFs, indices).

The RAW account pairs EUR/USD spreads from 0.0 pips with AUD 6 round-turn commission. The Standard account is commission-free with wider spreads. Platforms supported are MT4, MT5 and TradingView.

$50 minimum deposit with fee-free AU funding via PayID, BPAY, card and bank transfer. Retail leverage capped at ASIC's 30:1 on majors. AFCA dispute coverage and negative balance protection standard.

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