Best CFD Brokers in Australia 2022


CFD trading is a type of derivative trading that allows you to trade on the price movements of financial assets without actually owning the underlying asset. CFD stands for ‘contract for difference’, and it is a contract between you and the broker. You agree to pay the broker the difference between the price of the asset at the start of the contract and the price at the end of the contract. If the asset’s price has gone up, you will make a profit, and if it has gone down, you will make a loss. CFD trading is a popular way to trade on the financial markets, as it allows you to speculate on the price movements of a wide range of assets including shares, indices, commodities, currencies, and treasuries. 

It is important to choose a reputable broker when trading CFDs. There are many brokers that offer CFD trading, but not all of them are created equal. Some brokers are more reliable than others, and some offer better value for money. The best way to find a reputable broker is to research online reviews and compare different brokers. You should also make sure that the broker is regulated by a reputable body such as ASIC in Australia or the FCA in the UK.

In this article, we'll take a look at some of the best CFD brokers in Australia and what makes them stand out from the competition. So whether you're just starting out in Forex trading or you're looking for a new broker to partner with, be sure to read on.

Best CFD Brokers in Australia

Best CFD Brokers in Australia

If you're looking for the best CFD brokers in Australia, then this is the place for you. We've compiled a list of the top 5 CFD brokers in Australia, based on a variety of factors including fees, account types, and customer support.

Pepperstone

Pepperstone is our top pick for the best CFD broker in Australia. They offer low fees, a variety of account types, and excellent customer support.

Pepperstone logo

image credit: Pepperstone

Pepperstone in Australia is an Australian Securities and Investments Commission (ASIC) regulated forex and CFD broker. Pepperstone is also regulated by FCA in UK, CySEC is Cyprus, DFSA in Dubai and BAFIN in Germany.

Pepperstone Products 

As a true ECN brokerage, Pepperstone offers some of the lowest spreads available in the market with no hidden costs or commissions on trades. Clients can trade over 70 major, minor and exotic currency pairs with leverage up to 500:1.

Pepperstone also provides the industry's leading technology and customer support, making it a top choice for Australian forex traders.

Pepperstone offers 3 account types: Standard, Razor and Swap-Free.

Pepperstone Trading Platforms

Pepperstone provides clients with access to the world's most popular trading platform, MetaTrader 4 (MT4). MT4 is available as a desktop application, web-based platform and mobile app, giving traders the flexibility to trade at any time, from anywhere.

Pepperstone also offers the cTrader platform for advanced traders who are looking for an alternative to MT4. cTrader provides a more sophisticated trading environment with advanced charting and order management tools.

Pepperstone Costs 

Pepperstone charges no commissions in their standard account. Instead, the broker makes money from the spreads it offers on currency pairs. 

The average spread on major currency pairs at Pepperstone is 0.1 pips. However, spreads can go as low as 0.0 pips on the Razor account type.

Pepperstone also charges a small overnight fee (or swap) on positions held open past 5pm New York time. The swap fee is based on the interest rates of the 2 currencies involved in the trade and whether the position is long or short.

Pepperstone Customer Support 

Pepperstone provides 24/7 customer support via phone, live chat and email in multiple languages. The broker's customer service team is professional and helpful, and is always available to answer any questions you may have.

Pepperstone also offers a comprehensive FAQ section on its website, as well as educational resources such as trading guides, webinars and market updates.

Read Full Review of Pepperstone 

Pepperstone Pros and Cons

Pros

√ ASIC regulated broker

√ True ECN brokerage

√ Some of the lowest spreads in the market

√ Industry leading technology

√ Excellent customer support

Cons 

- High Commission in Razor account 

- Does not accept US clients

If you want to give it a try with Pepperstone, you can use the link  below:

Plus500 

Plus500 is our pick for the best CFD broker for CFD trading. Plus500 is a leading provider of Contracts for Difference (CFDs), offering a wide range of financial instruments including shares, forex, indices, commodities and more. 

Plus500

image credit: Plus500

Plus500 is regulated by the Australian Securities and Investments Commission (ASIC). Plus500 is also regulated by FCA in UK, CySEC in Cyprus, MAS in Singapore, FMA in New Zealand and by FSCA in South Africa.

Plus500 Products

Plus500 offers a wide range of financial instruments including 60+ forex CFDs, shares, indices, commodities and more. The company also offers CFDs on popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin.

Read More: Best Forex Brokers in Australia 2022

Plus500 Trading Platforms

Plus500 offers clients access to their web trading platform. They don't have MetaTrader 4 (MT4) or MetaTrader 5. They also have mobile apps, giving traders the flexibility to trade at any time, from anywhere.

Plus500 Costs 

Plus500 does not charge any commissions on trades. Instead, the broker makes money from the spreads it offers on currency pairs. 

The average spread on major currency pairs at Plus500 is 0.6 pips. However, spreads can go as low as 0.0 pips on some currency pairs. 

Plus500 Customer Support 

Plus500 provides 24/7 customer support via phone, live chat and email in multiple languages. The broker's customer service team is professional and helpful, and is always available to answer any questions you may have.

Plus500 also offers a comprehensive FAQ section on its website, as well as educational resources such as trading guides and market updates.

Read Full Review of Plus500 

Plus500 Pros and Cons 

Pros 

√ ASIC regulated broker

√ Offers a wide range of financial instruments including 2000+ CFDs 

√ User-friendly web trading platform

√ Excellent customer support

Cons 

- Does not accept US clients

- They don't have MetaTrader 4 & 5.

If you want to trade with Plus500, You can do so by clicking the following link:

Axi 

Axi is our pick for the best CFD brokers in Australia. Axi is a global online broker offering over 12,000 financial instruments across Forex, Indices, Commodities, Stocks and Cryptocurrencies. 

Axi

image credit: Axi

Axi headquarters is in Australia and they are regulated by the Australian Securities and Investments Commission (ASIC). Axi is also regulated by FCA in UK, DFSA in Dubai and FSA in Vincent and the Grenadines.

Axi Products 

Axi is a MetaTrader broker that allows traders to trade hundreds of currency pairs, 50+ CFDs on stocks as well as 30+ index CFDs, 14+ Commodities including oil, metal, and 11+ crypto CFDs.

Axi provides four types of accounts to its customers. Standard Account, Pro Account, Elite Account and Demo Account. They provide 1:400 leverage for CFD trading.

Axi Trading Platforms

Axi is an MetaTrader broker. Axi offers added the MT4 Next Gen add-on. MT4 is a well-known forex trading platform widely used by forex traders who trade on the retail market. 

Axi also provides MetaTrader 4 web-based trading platform, which lets you trade from any browser without installing any application.

Android and IOS versions of the MT4 application are available for download on the Play store and the iOS app store, respectively, for Axi.

Axi Costs

Axi has very low spreads. Axi does not charge commissions for Standard accounts. In the Pro account, the commission is $7 per standard Lot. It's $3.5 for Elite Account.

For Standard and Pro accounts, they don't require a minimum deposit however, the Elite Account minimum deposit is $25,000.

Axi Customer Support 

Axi provides 24/7 customer support via phone, live chat and email in multiple languages. The broker's customer service team is professional and helpful, and is always available to answer any questions you may have.

Read Full Review of Axi 

Axi Pros and Cons

Pros 

√ ASIC regulated broker

√ Offers a wide range of financial instruments

√ User-friendly trading platform

√ No deposit and withdrawal fees 

Cons 

- Does not accept US clients

- Do not have MetaTrader 5

If you're interested in giving it a go with Axi, do so by clicking the following link:

Trade CFDs with Axi

AvaTrade 

AvaTrade is our pick for the best CFD broker for beginner traders. AvaTrade is a leading online broker that offers CFDs on a wide range of financial instruments, including forex, stocks, indices, commodities and more. 

AvaTrade logo

image credit: AvaTrade

AvaTrade was established in 2006 and is regulated by the Australian Securities and Investments Commission (ASIC). The broker is also regulated by CySEC in Cyprus, JFSA in Japan, in Poland, Ireland, Middle East and Israel.

AvaTrade Trading Platforms 

AvaTrade offers clients access to the industry leading trading platform, MetaTrader 4 (MT4). MT4 is available as a desktop application, web-based platform and mobile app, giving traders the flexibility to trade at any time, from anywhere. For Mobile, they have a proprietary app called AvaTradeGO. 

AvaTrade Products

AvaTrade offers a wide range of financial instruments including 55 forex CFDs, stock CFDs, indices, commodities and more. The company also offers CFDs on 14 cryptocurrencies such as Bitcoin, Ethereum and Litecoin.

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AvaTrade Costs 

AvaTrade does not charge any commissions on trades. Instead, the broker makes money from the spreads it offers on currency pairs. The spread is the difference between the bid and ask price of a currency pair.

The average spread on major currency pairs at AvaTrade is 1.0 pips. However, spreads can go as low as 0.0 pips on some currency pairs. Minimum deposit threshold is $100.

AvaTrade Customer Support 

AvaTrade provides 24/7 customer support via phone, live chat and email in multiple languages. The broker's customer service team is professional and helpful, and is always available to answer any questions you may have.

AvaTrade also offers a comprehensive FAQ section on its website, as well as educational resources such as trading guides and market updates.

Read Full Review of AvaTrade 

AvaTrade Pros and Cons 

Pros 

√ ASIC regulated broker

√ Offers a wide range of financial instruments

√ User-friendly trading platform

√ Award winning proprietary mobile app AvaTradeGO 

√ Supports EAs 

Cons 

- Does not accept US clients

- They don't have MetaTrader 5 

If you want to trade with AvaTrade, you can use the link  below:

Trade CFDs with AvaTrade

Vantage 

Vantage has four entities. These are Vantage Global Prime LLP in London, Vantage Global Prime Pty Ltd in Australia, Vantage International Group Limited in Cayman Islands, and Vantage Global Limited in Vanuatu. All of these entities are regulated by different authorities. Vantage was formerly known as Vantage FX. 

Vantage logo

image credit: Vantage

Vantage is based in Sydney, Australia and they are licensed and regulated by the Australian Securities and Investment Commission (ASIC). The broker is also regulated by FCA in UK, CIMA in Cayman Islands and VFSC in Vanuatu.

Vantage Trading Platforms

Vantage offers the industry standard MT4 and MT5 trading platforms, as well as their own proprietary web-based platform, Pro Trader. They also have a proprietary mobile app, Vantage App.

Vantage Products 

Vantage provides access to Forex, Indices, Precious Metals, Soft-Commodities, Energy and Share CFDs. On their MT4 platform, you can trade US listed companies and on their MT5 platform, you can trade UK, Europe and Australia listed companies.

Vantage has different types of accounts to suit different needs including a Standard STP account, a Raw ECN account, a Pro ECN account, a Swap Free account and a Demo account. They offer leverage from 1:20 to 1:500.

Vantage Costs

Vantage doesn't have any deposit and withdrawal fee. Minimum deposit is $200 for standard STP accounts, $500 for Raw ECN accounts and $10,000 for Pro ECN accounts. Subsequent minimum deposit is $50.

For trading with Standard STP accounts, thereis no commission. For Raw ECN accounts, the commission is $3 per lot per side. For Pro ECN accounts, commission is $1.75 per lot per side.

Vantage Customer Support 

Vantage has a team of skilled support personnel that can be reached via live chat, email as well as by phone calling. In the live chat, you can get info from the chat bot. If the chat bot is not enough, it will connect you with a live agent.

Read Full Review of Vantage 

Vantage Pros and Cons 

Pros

√ No deposit and withdrawal fees

√ Social trading through ZuluTrade, DupliTrade, and MyFXBook auto trade.

√ Spreads from 0.0 pips.

√ Quick Execution 

Cons

- Does not accept US traders

- No Cryptocurrencies 

If you want to give it a try with Vantage, you can use the link  below:

Trade Forex with Vantage

 

Best CFD Brokers in Australia 2022

How to Choose CFD Brokers in Australia?

CFD trading is a popular way to invest in the financial markets. In order to trade CFDs, you will need to find a broker that offers this type of trading. There are many CFD brokers available in Australia, so it is important to compare them before choosing one. Here are some things to consider when choosing a CFD broker:

Regulations: Make sure to choose a broker that is regulated by a reputable financial regulator. In Australia, the broker should be regulated by the Australian Securities and Investment Commission (ASIC).

The type of account: Some brokers offer different types of accounts, such as mini accounts, standard accounts, and VIP accounts. Each account has its own benefits and drawbacks. Make sure to choose an account that suits your investment goals and objectives.

Leverage: This is an important factor to consider when selecting a broker. Some brokers offer high leverage, while others offer low leverage. It is important to choose a broker that offers the right amount of leverage for your trading style.

Fees and commissions: Make sure to compare the fees and commissions charged by different brokers. Some brokers charge high fees, while others charge low fees. Choose a broker that charges reasonable fees and commissions.

Platforms and tools: Make sure to check out the platforms and tools offered by different brokers. Some brokers offer advanced platforms and tools, while others offer basic platforms and tools. Choose a broker that offers the right platform and tool for your needs.

Customer service: This is an important factor to consider when choosing a broker. Make sure to choose a broker that offers excellent customer service.

These are some things to consider when choosing a CFD broker. Make sure to compare different brokers before selecting one.

Best CFD Brokers in Australia 2022

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