Best Trading Platforms, Brokers & Apps in Australia

Australia is home to one of the most prominent and safest online trading markets in the world.

There is a large selection of reliable and safe brokers and platforms in the country and you find the best of the best below. They’re all safe to use and licensed by Australia’s financial regulatory body, meaning the brokers operate legally and under close supervision.

We have spent well over 150+ hours researching the market and testing all the best brokers and platforms in Australia. Whether you’re looking to trade CFDs and other derivatives, forex, stocks, or even cryptocurrencies, you’ll find a suitable platform here.

Best Stock Trading Brokers & Platforms in AUSTRALIA

1. CMC MARKETS

#
Most popular for Cfd stocks in Au

2. IG MARKETS

#
more than 50 years of experience

3. etoro

#
copy trading stocks in australia
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Stock Trading Platforms & Brokers in australia

1. Cmc Markets
2. ig Markets
3. etoro
Fees
Spread on Amazon0,08%Min. $20.09%
Commission
Withdrawal Fee0 %0%$25
Deposit & Withdraw
Minimum Deposit N/A$250$200
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1-3 Days1 Day
Assets & Platforms
How Many StocksThousands12,000+1,000+
PlatformCFDs and Direct Market AccessMetaTrader 4 + DMAeToro
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationASICASICASIC
Based inThe UKThe UKIsrael
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a good Stock Trading platform & broker in Australia?

We have three main requirements for brokers and trading platforms in Australia and elsewhere in the world: safety, available markets, and the quality of the software and platforms.

Now, those three requirements are our foundation, but they can also be divided into several much smaller requirements.

In terms of stockbrokers in Australia, that means we look at the safety measures of each broker, which stocks are offered and how many, and how well their platforms and apps run.

Ensuring that an Australian stockbroker is safe to use is rather easy. You see, it’s the Australian Securities and Investments Commission (ASIC) that oversees all online trading in the region.

ASIC is known globally as one of the strictest financial regulators, and any business that has been approved by them can be considered safe.

In other words, the first thing we do is double-check whether the brokers we test are regulated and licensed by the ASIC.

In addition, licenses from other regulatory bodies such as the CySEC and FCA of Europe further confirms that a broker is considered safe.

After that, we move onto the selection. As an Australian online stockbroker, we expect a large and varied selection of tradable stocks.

To start with, we want to see a decent collection of company stocks from the American stock markets as well as the main markets of Europe.

However, being the fact that the broker is active in Australia, we also need to find stocks from Oceania and Eastern Asia.

Moreover, we appreciate a stockbroker that offers both derivatives such as CFDs as well as platforms that provide direct market access.

Lastly, we put the trading platform and apps through rigorous testing. We make sure to use all the tools and test all the different features, and we don’t settle until we know whether we can recommend the broker or not.

Naturally, this is the most time-consuming part of the job, but also the most important since there are few things as aggravating as trading on a subpar stock trading platform in Australia.

Best Forex Brokers & Platforms in AUSTRAlIA

1. Plus500

#
top forex trading platform

2. etoro

#
copy trading forex in australia

3. AVATRADE

#
well-established forex broker
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Forex Trading Platforms & Brokers in australia

1. plus500
2. etoro
3.Avatrade
Fees
Spread for USD/EUR2 pips3 pips1.3 pips
Commission
Withdrawal Fee$0$25$0
Deposit & Withdraw
Minimum Deposit $100$200$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1 Day1+ Day
Assets & Platforms
How Many Currency Pairs70+4760+
PlatformsPlus500eToroMT4, MT5
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationASICASICASIC
Based inCyprusIsraelIreland
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

What Makes a Good Forex Trading Platform & Broker in Australia?

The forex market is the biggest financial market in the world with huge margins. The reason being that countries trade currencies to keep the economy at bay.

However, there are not only countries trading forex, but millions of retail traders as well which has resulted in an almost absurd number of forex brokers in Australia.

Luckily (or maybe unluckily), most forex brokers are not good enough to be used seriously, meaning there are only a few brokers that can be considered the best.

Figuring out which brokers are better than the rest is not the easiest, and it takes a lot of time and effort, which is why we’ve done it for you.

Over the past couple of years, we have spent countless hours testing and reviewing the best forex brokers in Australia, and this page is the culmination of all that work.

More than 150 hours have been put into reviewing and testing forex platforms in Australia to ensure these are truly the top brokers.

We’ve checked everything from safety measures and licensing to selection and quality of platforms and apps, which you can read more about below.

All the recommended Australian forex brokers are licensed by the Australian Securities and Instruments Commission (ASIC) which means they’re safe to use.

ASIC is a respected international financial regulator that’s known for being very strict.

In addition to that, most forex brokers below are also licensed by other regulatory bodies such as FCA of the UK and CySEC in the European Union.

We would also never recommend a broker that didn’t have a good selection of tradable currencies.

The least we expect is all the majors, most of the minors and a couple of exotic pairs.

Although, we prefer even more than that and we love when brokers offer unique currency pairs and products that we haven’t seen before.

After we’ve confirmed that a forex broker in Australia is, in fact, safe to use, we start the real test.

At this point, we start trading forex using all the available software and apps to make sure that it’s good enough.

We expect the execution to be flawless, and we want all the tools and features to make your trading experience better.

As a forex trader, you’re only as good as your platform allows, meaning you should only settle for the very best.

Best Cryptocurrency Brokers & Platforms in australia

1. ETORO

#
Crypto as cfds plus an independent exchange

2. Plus500

#
Top crypto broker with good selection

3. Avatrade

#
cryptocurrency trading for pros
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Crypto Trading Platforms & Brokers in Australia

1. Etoro
2. plus500
3.Avatrade
Fees
Spread for Bitcoin0.75%0.53%0.5%
Commission
Withdrawal Fee$250%$0
Deposit & Withdrawals
Minimum Deposit$200$100$100
Bank Transfer
Debit/Credit Cards
Electronic wallets
Time to Withdraw1 Day1 Day1+ Day
Assets & Platforms
How Many Cryptocurrencies16 (plus pairs)12 (plus pairs)12 (plus pairs)
PlatformseToro + eToroXPlus500MT4, MT5
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationASICASICASIC
Based inIsraelCyprusIreland
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Crypto Trading Platform & Broker in Australia?

Cryptocurrency trading has never been more relevant, and the market is constantly growing and adapting to new trends.

Traditionally, one would trade cryptocurrencies using a so-called cryptocurrency exchange, and while that is a great option, it’s not necessarily the best.

Over the past 2-3 years, the world’s biggest online brokers have started to optimize their cryptocurrency products. Some have even launched their own exchanges.

In turn, this has created a space where you can trade cryptocurrencies safer and more practical than before. Let us explain.

All the best cryptocurrency brokers in Australia offer access to some of the biggest digital currencies out there both as they are or as CFDs, and in pairs with other crypto and fiat currencies.

In other words, you can pick exactly how you want to trade these assets, unlike most exchanges where the cryptos come in only one version.

More importantly, cryptocurrency brokers are also much safer to use than an exchange.

The reason being is there is a lack of regulation for cryptocurrencies and the exchanges that offer them, while brokers follow online trading regulations that have been around for decades.

For example, all the best cryptocurrency brokers in Australia are licensed and regulated by the Australian Securities and Investments Commission (ASIC).

And being the fact that ASIC is one of the strictest regulators of its kind, you know you’ll be safe trading with an ASICs regulated crypto broker.

When we review and test these cryptocurrency trading platforms, we spend countless hours thoroughly using the platforms and apps.

This is how we decide if the software is good enough and whether the broker actually offers something so unique or innovative that we can consider them one of the best.

All these tests are performed so that you don’t have to do them and if you want to start trading cryptocurrencies in Australia, we suggest you start with one of the recommended brokers below.

Best Commodities Trading Platforms & Brokers in Australia

1. Trade.com

#
Leading online commodities broker

2. Ig Markets

#
One of the first online brokers ever

3. Plus500

#
good selection, great platform
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

Compare the Best Commodities Trading Platforms & Brokers in Australia

1. Trade.com
2. IG Markets
3. plus500
Fees
Spread for Spot Gold0.05%0.3 pips0.02%
Commission
Withdrawal Fee0%0%$0
Deposits & Withdrawals
Minimum Deposit $100$250$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1-3 Days1+ Day
Assets & Platforms
How Many Commodities223922
PlatformsMetaTrader 4 + DMAMetaTrader 4 + DMAPlus500
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationASICASICASIC
Based inCyprusthe UKCyprus
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What makes a good Commodity Trading Platform & Broker in Australia?

According to us and most other trading experts, there are three main factors that separate the bad brokers from the best commodities brokers in Australia: safety, selection, and standard.

Safety means that any recommended broker needs to be completely safe and legal to use.

In Australia, that means that every commodities broker has to be approved and licensed by the ASICs.

As you might now, ASICs are known for being incredibly difficult to be approved by, meaning only the best of the best succeed.

Secondly, any decent commodities platform in Australia has to provide traders with access to a satisfying selection of commodities.

We expect to see some metals such as gold and silver, but also expect most energy commodities to be listed such as oil, petrol, diesel, gas, etc. Besides that, food and farming are popular to trade, for example, livestock, pig stomach, soybeans, and similar commodities.

We also expect there to be both spot prices and commodity futures to trade.

Now, safety and a great selection won’t get you far unless the broker’s platform works.

Today, most brokers have at least one or two main platforms for desktop as well as apps for Android and iPhone.

We don’t leave a single stone unturned and often spend multiple hours trading on all platforms using both a regular account and a demo account.

We don’t stop until we’re convinced that the platforms and apps are good enough and that all the tools and features work as they should.

In fact, we only stop the review process if the software isn’t good enough and we decide not to recommend the broker.

Best Indices Trading Platforms & Brokers in Australia

1. Plus500

#
Very Serious broker With a great reputation

2. IG Markets

#
choose a platform that suits your needs

3. Trade.com

#
Amazing selection of indices
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the Best Indices Trading Platforms & Brokers in australia

1. Plus500
2. IG Markets
3. Trade.com
Fees
Spread for Germany 300.79 pips1.0 pips$2
Commission
Withdrawal Fee0%0%$0
Deposits & Withdrawals
Minimum Deposit $100$250$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1-3 Days1 Day
Assets & Platforms
How Many Indices3030+30+
PlatformPlus500MetaTrader 4 + DMAMetaTrader 4 + DMA
Mobile App
Support & Safety
24/7 Availability
Free Account Manager
RegulationASICASICASIC
Based inCyprusthe UKCyprus
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Indices Trading Platform & Broker in Australia?

Indices are a popular group of securities that are traded by millions around the world.

Today, the most common indices are stock indices such as the S&P 500, Nasdaq Composite, etc. However, there are also indices made up out of other assets such as commodities, currency pairs, and lately also cryptocurrencies.

If you’re one of the people that are looking to start trading indices online, you have to check out the recommendations below.

We have spent well over 150 hours reviewing and testing all of the top indices brokers in Australia and have recommended the three best below.

All of the recommended indices brokers have a couple of things in common. For example, they are all completely safe to use with trading licenses from the Australian Securities and Investments Commission (ASIC) – a regulatory body that’s considered to be the toughest in the world.

The best brokers also feature an exciting selection of different types of indices from all over the world including Australia and New Zealand. There are even brokers that have developed their own indices based on a range of criteria.

However, the most important thing that they share is the standard of their software and indices trading platform.

A trading platform or an indices trading app in Australia has to work as an extension of you. The goal is to use the platform to perform the tasks that you’ve planned as smoothly and quickly as possible.

Similar to elsewhere in the world, many indices trading brokers in Australia don’t have platforms that do all of that. And that is the reason why we spend so much time trading indices and other assets on all the apps and platforms.

This is done using both a real money trading account and a demo account since that gives us the best overall idea of how good a platform truly is.

Best Trading Apps for Stocks, Forex & Crypto in Australia

1. etoro

#
copy and social trading of the future

2. Plus500

#
great trading app for all phones

3. AvaTrade

#
Several apps to choose from
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

Compare the best trading apps in Australia

1. etoro
2. Plus500
3. Avatrade
Fees
Spread for Amazon0.09%2 pips1 pips
Commission
Withdrawal Fee$250%$0
Deposit & Withdrawal
Minimum Deposit $100$250$100
Bank Transfer
Credit/Debit Card
Electronic wallets
Time to Withdraw1 Day1-3 Days1 Day
Assets & Platforms
How Many Stocks1,000+1,500+90
How Many Currency Pairs4770+60+
How Many Cryptocurrencies16 (plus pairs)12 (plus pairs)12 (plus pairs)
How Many Commodities62215
How Many Indices123023
PlatformseToro MobilePlus500 MobileAvaTradeGo
iOS
Android
Support & Safety
24/5 Availability
Free Account Manager
RegulationASICASICASIC

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

What Makes a Good Trading App in Australia?

With the rise of mobile software and an ever-growing number of smartphones and tablets on the market, it should come as no surprise that mobile trading is one of the hottest trends in the financial world.

Only a handful of years ago, the trading apps that were available were so poor that no serious trader would use them for any serious trade or even analytic work.

Today the market is very different, and all of the top brokers in Australia have mobile trading apps that can go neck and neck with the best desktop platforms.

To help you guys find an app that suits you and your needs, we have reviewed all the trading apps in Australia and created a shortlist of the three best mobile platforms based on the following criteria.

Every good trading app needs to be safe to use. That’s why we only recommend licensed brokers that take safety seriously.

The easiest way to check this is to make sure the app and the broker you’re using is licensed by the ASIC.

Besides safety, we need the app to work, and we need it to work well. More people than ever before are doing a majority of their trading on apps, and the expectations for the best trading apps in Australia are high.

Generally speaking, we’re not interested in whether a platform was developed by a broker or by a third party.

As long as it’s safe and the tools and platform make trading easier for users we’re willing to consider recommending it.

Lastly, all the brokers and their mobile apps feature a large selection of different assets, markets, and instruments.

That being said, some brokers are perfect for forex trading while some apps have a limited selection of stocks.

These are our three main requirements, but there is more to it than that. In fact, reviewing brokers and their trading apps is a big job that we spend many, many hours on to make sure we actually know what and why we’re recommending certain things.

How We Did This Research

The research for an Australian brokers guide like this takes many hours of work and active trading. On average we send 150 hours on each page, but our team have been studying online brokers in Australian and the rest of the world for many years.

As mentioned earlier, we follow strict guidelines of what’s required of a great broker and we combine those guidelines with our extensive knowledge on the subject.

It’s a tedious job but someone has to do it so that people that want to start trading can avoid having to all the work on their own.

We would never recommend a broker that we didn’t feel comfortable trading with ourselves. In fact, we have and still are actively trading with several of the brokers, even when we’re not reviewing them.

Lastly, since the market is constantly changing and new assets, brokers, and trading tools are constantly launched, we continuously update the reviews to be accurate.

That means all the information above could change at times, so we encourage your to keep an eye out for any major changes.

The Legal Status of Trading in Australia

All types of trading, including CFDs, forex, and cryptocurrencies, are strictly regulated and controlled in Australia.

It’s the responsible of the Australian Securities and Investments Commission to grant or dismiss broker’s applications, and it’s their job to make sure that all licensed brokers continue to offer their service in accordance to law.

In other words, and we can’t mention this enough, you should always stick to trading with regulated brokers. It’s neither safe nor legal to use Australian online brokers without a license.

Moreover, if a broker has more than one license you can be even more sure that it’s safe to use. Regulatory bodies such as the FCA (the UK) and CySEC (Cyrpus/EU) are all just as trustworthy as the ASIC.

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex 
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPmarkets
  • Amana Capital
  • Admiral Markets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • Teletrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • AAAtrade
AdamJarfjord1
Adam Jarfjord
Senior Editor

With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQ – Everything About Trading Platforms & Brokers in Australia

Here we’ve listed the most commonly asked questions about trading in Australia. We cover topics such as the legal status of trading in Australia to where you can find the best brokers and platforms in Australia.

Don’t hesitate to reach out to us if you have a question or a concern that hasn’t been answered yet.

Is Forex Trading Legal in Australia?

Yes, forex trading is legal and fully regulated by the Australian Securities & Investments Commission.

Is Forex Trading Tax-Free in Australia?

No, Australian traders are obligated to declare all their trading and pay taxes on their profits.

Which is The Best Stockbroker for Beginners in Australia?

We normally recommend eToro to beginners due to their practical copy trading feature that is very easy to use when you first get started. Otherwise, both IG Markets and CMC Markets offer a combination of CFDs and stock trading on the exchanges.

Is Cryptocurrency Legal in Australia?

Yes, it’s legal to own, sell, and trade cryptocurrencies in Australia. Just make sure you use a reputable service, preferably a regulated broker.

How Do I Trade Bitcoins in Australia?

You can either trade Bitcoin using a cryptocurrency exchange or a cryptocurrency broker, it all depends on the purpose of the trade. Using an exchange to later store Bitcoin in a wallet is best for investments and if you’re using the asset to pay for services and products.

If you’re only looking to trade a cryptocurrency broker in Australia is the best option.

How Can I Trade Online in Australia?

To start trading you have to set up a trading account with one of the above-mentioned brokers. Then you deposit money to your account and get started.

If you’ve never traded before we suggest you start by opening a free demo account.

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