TheBull.com.au reviews the best brokers in Australia for trading online.
Our Australia broker reviews cover those that support stocks, options, ETFs, mutual funds, forex, bonds, and similar investments. There are various modern stock brokers that also support CFD, cryptocurrency, futures, equities and commodity trading with full product details inside the detailed review.
Our goal is to provide the most in-depth online broker reviews so TheBull readers can find the best brokerage or advisor for their investing needs. Each year our team of traders test and assess these firms on over 290 variables which formulate their star ratings for various categories, as well as the scoring for the Annual Review.
Buying ASX stocks online historically consisted of buying shares with your bank or via a financial advisor for a transaction cost but the move to online brokers has brought a new wave of potential opportunities to trade many products on one platform with fees greatly reduced. We include below some brokers that allow you to buy ASX and International stocks with added purchasing power (or using leverage) via a ‘CFD’ as this can reduce transaction fees in many cases and allow greater flexibility compared to the more traditional bank based broker. We highlight this under the ‘trade type’ header to allow our readers to find the most appropriate choice.
A full list of online broker reviews are listed below. Click ‘apply’ to go the broker directly ‘review’ to read the detailed guide.
| BROKER | FEATURES | REGULATOR | PLATFORMS | TRADE TYPE | APPLY/DEMO ACCOUNT |
|---|---|---|---|---|---|
CMC Markets | Canstar Broker of the Year – 10 years in a row Trade domestic and 15 international markets – all from one account Access advanced charting packages and trading tools Two innovative, award-winning platforms to choose from | FCA, BaFin, ASIC | MT4, WebTrader, Mobile App | Forex, Stocks, Indices, Commodities, Crypto, Bonds, ETFs (as CFDs) | |
ETORO | Social and Copy Trading Platform Crypto, CFDs, Forex, Stocks 24/5 Customer Support Beginner Friendly
| ASIC, CySEC, FCA | eToro Platform | Commission Free Stocks, FX, CFDs, Indices, Crypto, Commodities | |
TMGM | Up to 500:1 leverage Over 15,000 trading instruments Spreads from 0,0 Pips Free Demo Account | ASIC, VFSC | MT4, MT5, Mobile App | FX, Indices, Stocks, Commodities (as CFDs) | |
PLUS500 | Varies | 60 | MT4, WebTrader, Mobile App | Stocks, Indices, Forex, Commodities, Crypto, ETFs (as CFDs) | |
CITYINDEX | Well established Beginner friendly Free webinars | ASIC, FCA | Advantage Web, AT Pro, MT4, WebTrader | FX, Shares CFDs, Indices, Crypto, Commodities | |
HFTrading | Crypto, CFDs, Forex, Stocks 24/5 Customer Support Beginner Friendly | NZFMA & ASIC
| WebTrader, MT4, Mobile App | FX, Shares CFDs, Indices, Crypto, Commodities | |
AVATRADE | 200000 registered customers | ASIC, CBI, MIFID, FSCA, BVI | ZuluTrade, DupliTrade, MetaTrader 4 (MT4) | Stocks, Indices, Forex, Crypto, Commodities, Bonds (all CFDs) | |
AXITRADER | Excellent broker and platform, 24/7 trading with crypto’s, Beginner friendly
| ASIC & FCA | WebTrader, MT4, Mobile | FX, CFDs, Indices, Crypto, Commodities | |
Rakuten Securities Australia | 1:400 max. leverage No Commissions Only $50 mnimum deposit Free demo account | ASIC | WebTrader, MT4, Mobile | FX, Indices, Commodities | |
Trade360 | Zero commission
Fixed Spreads
Free deposits/withdrawals | CySEC | WebTrader, MT4, MT5, Broker App | FX, Indices, commodities, Stocks, ETFs | |
FPMARKETS | Ultra low spreads from 0.0 pips ECN execution Over 10,000 trading instruments 500:1 leverage No requotes | ASIC, CySEC | MT4, MT5, WebTrader, Mobile Trader and IRESS | FX, CFDs, Stocks, Indices, Crypto, Commodities | |
Fusion Markets | True ECN execution 36% cheaper than other brokers, on average 500:1 leverage No requotes | AFSL, ASIC | MT4, WebTrader, iOS and Android App | FX, Indices, Commodities | |
BlackBull Markets | Real ECN-Trading with commission from $6 per lot; high leverage and low minimum deposit | FMA, FCA, FSPR | WebTrader, MT4, Android & iOS App | FX, Indies, Commodities | |
PEPPERSTONE | Australian based Well established & large broker Offers trading education | ASIC & FCA | MetaTrader & cTrader MT4 (desktop and web), MT4 Multi-terminal, MT5, cTrader, and cAlgo. | FX, Indices, Limited Stocks, Commodites (as CFDs) | |
IronFX | 1 Million GBP Insurance by Lloyds of London ECN Real Raw Spreads, 0.2 EUR/USD Scalping allowed
| ASIC, FCA, CySEC, FSCA | Metatrader, Webtrader | FX, Indices, CFDs | |
Saxobank | 35,000+ Instruments incl. Margin Products & Stocks. 69% of retail CFD accounts lose money. Dedicated Sales Traders. 24-Hour Customer Service. Types: Stocks, Commodities, FX Options, Stock Options, ETFs, Futures, Bonds, ETCs. | ASIC, FCA, FINMA | Saxo trading platform | Stocks, Bonds, ETFs, Managed Accounts. Full range of CFDs and FX | |
IG | from 0.6 pips | 90+ | $0 | Real Stocks, FX, Indices, Crypto, Commodities, Weekend Options | |
OCTAFX | Min. Deposit $5 Up to 1:500 leverage with micro-lots (0.01 size) available for everyone Scalping, hedging, trading on the news, and EAs are permitted at OctaFX First Time Deposit Match: 50% Up To Any Max Deposit | St. Vincent and the Grenadines | FX, CopyTrading, Shares, Indices (as CFDs) | ||
EASYMARKETS | 2,92+ trilion USD in trading volume 56,3+ million orders executed 142,5+ THOUSAND traders served 200+ instruments offered | ASIC | easyMarkets Platform Mobile apps Metatrader4 Vanilla Options | Shares, Indices, Crypto, FX, Commodites (as CFDs) | |
FXTM | Over 1M Account Registered – More than 250 Trading Instruments – MT4, MT5 and Web Trader Platforms – Full ECN Trading Model – Crypto-trading only avail. for FT Global Limited. | CySEC, FCA, FSC, FSCA, IFSC | MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4) | FX, CFDs | |
EagleFX | Up to 500:1 leverage 24/7 Customer Service Same Day Withdrawals Free Demo Account | MT4, WebTrader, Mobile | FX |
