Best CFD Brokers Australia (2026): Top 10 ASIC-Regulated CFD Trading Platforms Compared
🏆 Our Top 3 Picks
⚡ Top 10 Broker Breakdown
Top 10 Best CFD Brokers Reviewed
Below is our in-depth review of the best CFD brokers in Australia for 2026. Each platform has been evaluated based on ASIC regulation, trading costs, available markets, platform quality, research tools, ease of use, and overall value for Australian traders.
Whether you're a beginner opening your first CFD account or an experienced trader looking for tighter spreads and faster execution, these reviews will help you choose the broker that best fits your trading style.
1. Mitrade — Best Overall CFD Broker in Australia
Mitrade earns our top spot as the best CFD broker in Australia thanks to its balance of low trading costs, intuitive platform, and strong regulatory oversight. Regulated by ASIC, Mitrade offers commission-free CFD trading across global markets through its proprietary web and mobile platform.
✅ ASIC regulated & Commission-free CFD trading
✅ Competitive spreads across major markets
✅ User-friendly web and mobile platform
✅ Free unlimited demo account & Low minimum deposit
✅ Fast account opening & Negative balance protection
❌ Does not support MT4 or MT5
❌ Fewer advanced automation features
2. Pepperstone — Best CFD Broker for Low Spreads
Pepperstone is one of Australia's most established CFD brokers, renowned for its Razor account offering spreads from 0.0 pips on major forex pairs. It supports MT4, MT5, cTrader, and TradingView, making it ideal for active and algorithmic traders.
✅ ASIC regulated with ultra-low spreads
✅ MT4, MT5, cTrader and TradingView support
✅ Excellent execution speed & deep liquidity
❌ Razor account charges commissions
❌ Platform may be overwhelming for beginners
3. IG Markets — Best CFD Broker for Professional Traders
One of the largest CFD providers globally, IG offers Australian traders access to over 17,000 financial markets across shares, forex, commodities, bonds, ETFs, and indices. It is recognized for its top-tier market research and charting.
✅ ASIC regulated with a huge range of markets
✅ Excellent research, analysis, and news integration
✅ Advanced trading platform & educational tools
❌ Platform has a steeper learning curve
❌ Higher spreads on select niche markets
4. CMC Markets — Best for Advanced Trading Tools
CMC Markets is widely respected for its Next Generation platform, which features over 100 technical indicators, advanced order types, and detailed analytics for over 12,000 tradable instruments.
✅ Advanced charting package & tools
✅ Access to over 12,000 global markets
✅ Excellent research tools & competitive forex spreads
5. Plus500 — Best CFD Broker for Beginners
Plus500 is designed with extreme simplicity in mind. Its clean interface, mobile app, and hassle-free setup allow new traders to trade shares, forex, commodities, and crypto CFDs easily.
✅ Very easy to use, web-based platform
✅ Free demo account with no download required
✅ Strong built-in risk management tools
6. FP Markets — Best MetaTrader CFD Broker
FP Markets pairs low spreads with full support for MetaTrader 4 and 5. It is a preferred choice for traders utilizing Expert Advisors (EAs), automated systems, or looking for extensive share CFDs.
✅ Comprehensive MT4 & MT5 integration
✅ Low spreads and fast execution speeds
✅ Large global share CFD offering
7. Eightcap — Best CFD Broker for Crypto Trading
Eightcap distinguishes itself through an outstanding crypto CFD selection, alongside traditional forex, indices, commodities, and shares. It seamlessly integrates with TradingView and MetaTrader.
✅ Wide range of cryptocurrency CFDs
✅ Direct TradingView platform integration
✅ Competitive spreads & automated trading support
8. AvaTrade — Best for Education and Risk Management
AvaTrade offers a comprehensive educational center paired with multiple platforms including MT4, MT5, and AvaTradeGO. New traders benefit from proprietary risk management tools like AvaProtect.
✅ Excellent educational library, video tutorials & webinars
✅ Multiple platform options suited for all levels
✅ Unique built-in risk management features (AvaProtect)
9. eToro — Best CFD Broker for Copy Trading
eToro leads the industry in social investing, allowing users to automatically replicate the trades of top-performing investors. It provides intuitive access to stocks, indices, crypto, and commodities.
✅ Industry-leading CopyTrader™ functionality
✅ Vibrant global investing community
✅ Intuitive and beginner-friendly web interface
10. Interactive Brokers — Best for Global Market Access
Ideal for professional investors seeking global diversification beyond CFDs. Interactive Brokers provides direct access to stocks, options, futures, bonds, and CFDs across 150+ international markets.
✅ Unmatched access to global financial markets
✅ Professional-grade tools and deep analytical software
✅ Industry-leading competitive commission pricing
How We Ranked the Best CFD Brokers
Choosing the best CFD broker in Australia involves much more than comparing spreads or the number of tradable markets. To ensure our recommendations are objective and useful for Australian traders, we evaluated each broker using a consistent set of criteria that focuses on safety, trading costs, platform performance, and overall user experience.
Our rankings are based on extensive research, broker documentation, publicly available pricing, platform features, regulatory status, and the practical needs of both beginner and experienced CFD traders.
Typical CFD Broker Fee Comparison
Which Fee Matters Most?
The most important fee depends on your trading style:
Day traders should prioritise low spreads, low commissions and fast execution.
Swing traders should pay close attention to overnight financing costs.
Longer-term CFD traders should compare swap rates and inactivity policies.
Beginners often benefit from transparent, commission-free pricing that makes overall costs easier to understand.
Ultimately, the best CFD broker is not always the one with the lowest advertised spread. A transparent pricing structure, reliable execution, and competitive overall trading costs often provide better long-term value than focusing on a single fee in isolation.
How to Start Trading CFDs with Mitrade
Getting started takes only a few simple steps:
1. Create an Account: Register online with your email address and complete the application process.
2. Verify Your Identity: Submit required documents to complete account verification.
3. Practise with a Demo Account: Explore the platform and test strategies with virtual funds.
4. Deposit Funds: Choose your preferred payment method and fund your live account.
5. Start Trading CFDs: Select your preferred market and open your first CFD position.
Ready to start trading? 👉 Open a Free CFD Trading Account with Mitrade
1. What is the best CFD broker in Australia?
The best CFD broker depends on your trading style. Mitrade is a strong overall choice for beginners and general CFD traders due to its ASIC regulation, user-friendly platform, competitive costs and broad market access.
Active traders may prefer brokers with specialised platforms and ultra-low spreads, while beginners may prioritise simplicity and educational resources.
2. Are CFD brokers legal in Australia?
Yes. CFD trading is legal in Australia when offered by properly regulated financial service providers. Australian traders should check whether a broker is authorised by ASIC before opening an account.
3. How much money do I need to start CFD trading?
The minimum amount depends on the broker. Some CFD brokers allow traders to start with a relatively small deposit, while others may require more capital depending on the account type and trading products.
However, beginners should focus on learning risk management rather than starting with large positions.
4. Do CFD brokers charge commission?
It depends on the broker and account type.
Common CFD pricing models include:
Spread-only accounts
Commission plus raw spread accounts
Always compare the total trading cost rather than only looking at advertised spreads.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
