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Our verdict on trading.com
Trading.com suits Australian retail traders who already know MetaTrader and want a low-cost, no-frills entry. It runs one zero-commission, spread-only account under ASIC AFSL 443670, current since 23 December 2013, on a A$50 minimum deposit and a choice of MT5 or its own WebTrader. It is not the pick for scalpers chasing raw pricing or traders who want the deepest product range.
The broker sits in the mid-tier of the Australian ASIC-regulated shortlist, ranking nineteenth of the 32 brokers scored here. It is not in the same trust bracket as CMC Markets, IG Markets, Pepperstone or IC Markets, and it does not pretend to be. What it offers is a clean MT5 setup alongside a proprietary WebTrader carrying TradingView charts, and a single spread-only account that keeps pricing simple, at the cost of having no raw tier to graduate to.
One point comes up often enough to state plainly. Trading.com is a consumer brand operated by entities within the Trading Point Group, which also operates XM. It is not part of StoneX, the parent of Forex.com, despite the similar naming.
Trading.com publishes no measured spread and is not part of the May to June 2026 capture behind the other pages on this site, so the advertised 0.8 pip EUR/USD rate on this page is the broker's published figure rather than a recorded one.
Pros
- ASIC AFSL 443670 current since 23 December 2013, with AFCA membership under member ID 33339
- MT5 plus the proprietary WebTrader carrying TradingView charts embedded, on one account
- A$50 minimum deposit, among the lowest on the ASIC-regulated shortlist
- One spread-only account at zero commission, advertised from 0.8 pips on EUR/USD
- PayID and BPAY on the funding menu, both at A$0, alongside cards and bank transfer
Cons
- Advertised 0.8 pips on EUR/USD, with no raw or commission tier to move to at any volume
- Four asset classes, and crypto CFDs are unavailable to Australian clients entirely
- No professional or wholesale tier and no swap-free account, both confirmed with the desk in July 2026
- US$15 one-off maintenance fee after 12 months dormant, then US$10 or A$10 monthly
- Research and education thinner than Pepperstone Insights or the CMC Markets library
trading.com score breakdown
3.5/5 · Great
The overall CFB Score comes from the full methodology, more than 100 data points per broker. The category ratings summarise each area and do not reconcile by simple average.
How is our rating calculated?Trading.com at a glance: 17 key facts
Trading.com Markets Pty Ltd holds ASIC AFSL 443670, current since 23 December 2013, and opens its single account from a A$50 minimum deposit. The 17 key facts in the table below cover the entity, the platform pair and the fee schedule.
| Item | Detail |
|---|---|
| Australian regulator | ASIC, AFSL 443670, current since 23 December 2013 |
| Australian entity | Trading.com Markets Pty Ltd |
| Parent group | Trading Point Group, the same group behind XM |
| Not affiliated with | StoneX or GAIN Capital, the owners of Forex.com |
| Other regulators | Trading Point Group entities hold FCA (UK, FRN 705428), CySEC (EU, CIF 256/14) and CFTC/NFA (US, NFA 0516820) licences |
| Headquarters (AU) | Level 13, 333 George Street, Sydney NSW 2000 |
| Trading platforms | MetaTrader 5, Trading.com WebTrader, Trading.com app, MT5 mobile |
| Account types | Trading Account (spread-only, zero commission), Demo |
| Minimum deposit | A$50 |
| Base currencies | AUD and USD |
| Maximum retail leverage | 30:1 (forex majors), ASIC-capped |
| Spreads (EUR/USD) | 0.8 pips advertised, spread-only, no measured figure held |
| Commission | None on any account |
| Funding methods (AU) | Visa, Mastercard, BPAY, PayID, bank transfer |
| Inactivity fee | US$15 one-off after 12 months, then US$10 or A$10 monthly |
| Negative balance protection | Yes (mandatory under ASIC) |
| AFCA member | Yes, member ID 33339 |
| Demo account | Free, covers both platforms |
| Customer support | 24/7 live chat, phone, email |
The spread row carries an advertised figure rather than a measured one, and the section below sets out why.
Trading.com Trading Account spreads and fees
The Trading.com Trading Account prices spread-only at zero commission, advertised from 0.8 pips on EUR/USD and widening modestly into the Asian session.
Trading.com publishes no measured spread and is not part of the May to June 2026 eight-pair capture behind the other pages on this site, so that 0.8 pip figure is an advertised from-rate rather than a benchmarked average. No independent figure is held for this broker.
| Pair | Trading.com (advertised from) | AU industry avg (Standard) |
|---|---|---|
| EUR/USD | 0.8 pips | 1.1 pips |
Advertised pricing here sits wider than Pepperstone Razor, IC Markets Raw and CMC Markets FX Active once commission is factored in, and stays competitive against the spread-only accounts at AvaTrade and Forex.com. Neither a raw nor a commission-based tier is offered at any volume.
Other fees AU traders should check
- Overnight financing applies to positions held past 5 PM New York time, direction-dependent.
- Currency conversion applies to any instrument denominated outside the account base currency.
- Withdrawal fees run A$0 on most methods.
- The inactivity fee applies a one-off US$15 maintenance charge after 12 months without trading, then US$10 or A$10 per month while the account stays dormant.
What it costs to trade with Trading.com
Trading one standard lot of EUR/USD costs the advertised 0.8 pip spread with nothing added, so what it costs to trade with Trading.com is the quote and only the quote.
| Account | EUR/USD all-in (pips) | Commission, round turn |
|---|---|---|
| Trading.com Trading Account | 0.8 advertised | None |
| Pepperstone Razor | 0.55 | A$7.00 |
| IC Markets Raw | 0.6 | A$9.00 |
| Forex.com RAW Pricing | 0.7 to 0.9 | A$7.00 |
| CMC FX Active | 1.0 | Included |
The single-tier model is the structural fact to work from. A trader whose volume grows has no cheaper account to graduate to here, where every raw-account broker in this coverage offers exactly that path. The comparison across pricing shapes sits in the lowest spreads guide.
The simplicity is a genuine benefit for a beginner. One number covers the whole cost of a trade, with no commission line, no per-lot arithmetic and no tier thresholds to track, which is worth something to a trader placing a few positions a month.
Trading.com trading platforms
Trading.com trading platforms number two: MetaTrader 5 and the proprietary WebTrader, with the Trading.com app and MT5 mobile covering phones and tablets. The platform list excludes MT4 and cTrader entirely.
Trading.com WebTrader
The WebTrader is the proprietary browser-based platform, carrying TradingView charts embedded. It runs without a download, which suits a locked-down office machine, and covers the core order types and watchlist tools most retail traders need.
MetaTrader 5
The MT5 build adds native support for indices, share CFDs and futures alongside forex, with a deeper built-in economic calendar and an upgraded strategy tester. Share CFD traders belong on it specifically, because that is where the equity range trades.
Mobile and copy trading
The Trading.com app and MT5 mobile both run on iOS and Android with biometric login. No dedicated copy trading product exists, so the MetaTrader Signals marketplace is the only route, and a trader shopping mainly to follow others is choosing a broker from the copy trading comparison instead.
Is Trading.com safe? ASIC AFSL 443670
Trading.com Markets Pty Ltd holds ASIC AFSL 443670, current since 23 December 2013, with no material conditions or sanctions imposed in the last 36 months.
ASIC regulation and global licences
The Australian entity holds AFSL 443670 with the Australian Securities and Investments Commission. A check of the ASIC Connect enforcement actions register found nothing imposed on the entity in the last three years.
Beyond Australia, Trading Point Group entities hold FCA authorisation in the UK under FRN 705428, a CySEC licence in the EU under CIF 256/14, and CFTC and NFA registration in the US under NFA 0516820.
The licence obliges the broker to hold client funds in segregated accounts at an Approved Australian Bank, provide negative balance protection to retail clients, apply margin close-out at 50% of the initial margin, apply the ASIC retail leverage caps, and maintain AFCA membership for retail dispute resolution.
Trading.com ownership: Trading Point Group, not StoneX
Trading.com is a consumer brand operated by entities within the Trading Point Group, the same group behind XM, and it is not part of StoneX or GAIN Capital.
The confusion is worth clearing up because the naming invites it. StoneX owns Forex.com, a separate broker with its own Australian licence and its own review on this site, and no ownership link runs between the two brands at all.
In Australia the brand operates through Trading.com Markets Pty Ltd under AFSL 443670. The group’s other licences sit with sibling entities rather than with the Australian one, so an Australian retail account is governed by the ASIC rules alone.
The brand is newer and smaller than CMC Markets, IG Markets, Pepperstone or IC Markets. That is not a black mark, and it does mean less public track record to lean on, which is what holds the trust rating below the tier-1 names.
Trading.com client money protection and AFCA membership
Trading.com client money protection runs through segregated accounts at an Approved Australian Bank, with AFCA membership under member ID 33339 hearing claims up to A$1,263,000.
Client money accounts sit separate from company funds. ASIC requires negative balance protection on retail CFD accounts, so a retail account cannot lose more than the money in it. AFCA awards compensation up to A$631,500, and the scheme caps behind that run to A$150,000 under the Compensation Scheme of Last Resort, which excludes CFD trading losses and covers unpaid awards for misconduct rather than losing trades.
The published member ID is worth noting. Most brokers in this coverage name AFCA without giving the number, and this one publishes it in both the Client Agreement and the PDS, which makes lodging a complaint a shorter process.
The retail licence protections are otherwise identical to those at every other holder in this coverage, because the regime sets them rather than the broker. The field comparison sits in the brokers rated safest, and the mechanism in the guide to negative balance limits for retail traders.
Public reviews
Trading.com holds a Trustpilot rating of 3.8 out of 5 from 94 reviews, which Trustpilot labels great, captured August 2026. The profile has been claimed by the broker since September 2022.
What other review sites say
Trading.com's iOS app rates 4.73 out of 5 from 30 ratings on the Australian App Store (August 2026), listed as Trading.com: Your Markets App.
The rating comparison above renders only the figures held against a capture. Third-party coverage of this brand is lighter than the tier-1 names on this site, and Australian-specific commentary is limited, which cuts both ways.
Trading.com account types and minimum deposit
Trading.com account types number one for retail clients, a spread-only Trading Account at zero commission on a A$50 minimum deposit, with a free demo alongside it.
| Account | Pricing model | Min deposit | Best for |
|---|---|---|---|
| Trading Account | Spread-only, zero commission | A$50 | All retail traders |
| Demo | Not applicable | Not applicable | Practice and platform testing |
The single-account model is the structural fact to work from: no cheaper tier exists to graduate to as volume grows. Base currencies cover Australian and US dollars.
No professional or wholesale tier exists here either, confirmed with the desk in July 2026. Trading.com Markets Pty Ltd holds the account throughout, so no offshore route to higher leverage exists, and equally no way past the retail caps for anyone who came looking for one.
No swap-free account is offered, also confirmed with the desk in July 2026, so a Sharia-compliant requirement cannot be served here.
Minimum deposit
The A$50 minimum is among the lowest on the ASIC-regulated shortlist and a practical amount for live platform testing before scaling in. The demo account covers both MT5 and the WebTrader, so the platform pair can be tested before anything is funded.
Trading.com funding methods and withdrawal times
Trading.com funding methods number four, all at A$0, from instant card payments to bank transfer in one to two business days.
Deposit methods (AU clients)
| Method | Fee | Speed |
|---|---|---|
| Visa / Mastercard | A$0 | Instant |
| PayID | A$0 | Same day |
| BPAY | A$0 | Next business day |
| Bank transfer | A$0 | 1 to 2 business days |
Four methods is a narrow menu against the nine at Fusion Markets and ThinkMarkets, and the two rails Australian traders most often want are both present. PayID and BPAY settle without a card network in the middle, and card deposits clear instantly as the fastest funding path.
Withdrawals
The withdrawal fee runs A$0 on most methods, and withdrawals must return by the same source as the deposit where possible under AUSTRAC anti-money-laundering rules. Card refunds typically take one to three business days and bank transfers one to two.
Account opening
Account opening runs fully online and AUSTRAC-compliant, taking one form of photo identification and a second proof of address. Most Australian applications clear within 24 hours.
Trading.com markets and instrument counts
Trading.com markets and instrument counts run to four asset classes, narrower than the multi-asset CFD specialists and comparable to the mid-tier brokers alongside it.
| Asset class | Count | Note |
|---|---|---|
| Forex | Majors, minors and exotics | AUD crosses: AUD/USD, AUD/JPY, AUD/NZD |
| Indices | Major global indices | ASX 200, S&P 500, NASDAQ, FTSE, DAX, Nikkei |
| Commodities | Metals and energy, plus a smaller softs set | Gold (XAU/USD), silver, WTI and Brent crude |
| Share CFDs | Selective | Traded on MT5, CFD only |
| Cryptocurrencies | None | Not available to Australian clients |
The class range here stops at four against 12,000 plus instruments at CMC Markets and 18,000 plus at IG Markets, and the CFD market comparison covers where each sits. The crypto row is the one absent outright: cryptocurrency CFDs are unavailable to Australian clients at all, so digital assets rule this broker out rather than count against it on price.
The index range covers the ASX 200 alongside the S&P 500, NASDAQ, FTSE, DAX and Nikkei, and the commodity range is built around gold as XAU/USD, silver and the two crude contracts. A strategy needing a deep treasuries and bonds book is served far better at CMC Markets or IG Markets.
Share CFDs
The share CFD range is selective rather than deep, and the cons name that against the multi-asset specialists. No ASX ownership route exists here, because every equity position is a CFD traded through MT5, so anyone wanting to hold real ASX shares needs a different broker and CMC Markets is the obvious swap. The class is compared in share CFD basics and brokers.
Trading.com leverage and margin under ASIC rules
Trading.com leverage and margin hold at the ASIC retail caps of 30:1 on major forex pairs on its single retail account, with no tier above them.
ASIC caps retail CFD leverage at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets. The caps come from a product intervention order extended to 23 May 2027, so they apply at every ASIC broker rather than at this one alone.
The crypto cap is moot for Australian clients, because crypto CFDs are not offered here at all under the current product list.
The retail margin rule requires every CFD issuer to close a retail client’s positions once account equity falls below half the total initial margin on all open positions. The margin mechanics are set out in understanding margin leverage, and the comparison of high-leverage brokers for professionals covers the brokers that publish a wholesale route, which this one does not.
Trading.com customer support
Trading.com customer support runs 24 hours a day, seven days a week on live chat, phone and email, including weekend cover.
The round-the-clock hours are the notable part. Several larger brokers in this coverage close their desks from Friday evening to Monday morning, and a client holding a leveraged position across the Sunday open reaches a person here.
That margin question matters most in exactly that window, because it cannot wait two days for an answer. Weekend cover on a mid-tier broker is unusual enough to count as a genuine differentiator.
The service stack runs to three channels including a phone line, which is the full set most of this field carries. No response time figure has been measured on this broker, so none appears here, and the service rating reflects the desk size rather than the hours. The channel range is the same set most Australian brokers carry, so the differentiator here is the weekend cover rather than the routes into the desk.
Trading.com research, tools and education
Trading.com research, tools and education run to four components, functional rather than exceptional against the larger Australian brokers.
The research stack covers an integrated economic calendar inside MT5, daily or weekly market commentary, the standard MetaTrader tutorial library and a glossary of trading terms.
Four research components is thin against the seven or more at the larger houses, and three of the four arrive from MetaQuotes rather than from the broker. The market commentary is the only piece written in-house.
The practical consequence falls on newer traders. A trader who already knows MT5 loses nothing here, and a trader still learning position sizing or risk gets more from Pepperstone Insights or the CMC Markets library. The licence context those guides would cover is set out in the leverage education page. The research stack carries no proprietary analysis desk and no webinar programme, which is the gap between a functional library and a reason to open an account.
How Trading.com compares to Forex.com and AvaTrade
Trading.com advertises 0.8 pips on EUR/USD against 0.7 to 0.9 pips all-in at Forex.com RAW Pricing, and lists four asset classes against six at Forex.com. How Trading.com compares to Forex.com and AvaTrade is a simplicity win against a range and pricing loss.
All three are mid-tier, multi-platform, ASIC-regulated CFD brokers in the same competitive bracket. Forex.com brings a NASDAQ-listed parent, four platform routes and treasuries. AvaTrade brings a proprietary platform and a wider product set.
What Trading.com holds against both is the single-account simplicity, the A$50 minimum and 24/7 support including the weekend.
| If you value… | Consider |
|---|---|
| Tighter forex spreads | Pepperstone or IC Markets |
| Broader product range | CMC Markets, at 12,000 plus CFDs |
| Same mid-tier multi-platform profile | Forex.com or AvaTrade |
| A raw or commission tier | Fusion Markets or IC Markets |
| An Australian founding story | Pepperstone, Melbourne, 2010 |
| Beginner-focused experience | Plus500 or eToro |
Should you open a Trading.com account?
Trading.com suits traders who want one simple spread-only account on MT5 with a clean WebTrader, on a A$50 minimum deposit. The account fit breaks for traders filtering on cost or range, who are served better elsewhere than by a Trading.com account.
Two groups of trader gain clear value from a Trading.com account. The pricing model carries one number and no commission line, which suits a beginner placing a few positions a month. The service stack runs 24/7 including the weekend, which several larger brokers in this coverage do not.
Two groups should look past a Trading.com account. The advertised 0.8 pips trails the raw cohort badly, with no commission tier to move to at any volume. The class range stops at four, and crypto CFDs are unavailable to Australian clients entirely.
Trading.com ranks nineteenth among the highest-rated forex brokers in Australia on the 2026 scoring, held there by cost and range rather than by trust, where it rates well. A free demo account covers both platforms.
Advertiser disclosure: commercial arrangements on this page are set out in full.
FAQs
Is Trading.com safe for Australian traders?
Is Trading.com the same as Forex.com or XM?
What leverage does Trading.com offer in Australia?
What is the minimum deposit at Trading.com in Australia?
Does Trading.com offer MT4 and MT5?
Does Trading.com charge an inactivity fee?
Is Trading.com a member of AFCA?
Related pages
About the author
Justin co-founded CompareForexBrokers in 2014 and has traded forex since 1998. Based in Melbourne, he has tested every ASIC-regulated broker on this site personally and has written for Forbes, Kiplinger, Finance Magnates, the Australian Financial Review and The Age. He holds a Bachelor of Commerce (Honours) and a Master of Marketing from Monash University. Justin is the co-founder and CEO of CompareForexBrokers.