Brokers Reviews

Online Broker Reviews

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.

BROKERFEATURESREGULATORPLATFORMSTRADE TYPEAPPLY/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

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

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)

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
2 million+ trades monthly
24HR support
FX, stocks, commodities & indices

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