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Best CFD brokers in Australia in 2023 - Top CFD trading platforms

eToro Logo
1st place
eToro
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Your capital is at risk
Capital.com Logo
2nd place
Capital.com
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87.41% of retail CFD accounts lose money
Admirals (Admiral Markets) Logo
3rd place
Admirals (Admiral Markets)
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81% of retail CFD accounts lose money

Top 5 CFD brokers in Australia in 2023:

  1. eToro is the winner, the best CFD broker in Australia in 2023. - Free stock and ETF trading. Seamless account opening. Social trading.
  2. Capital.com - Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
  3. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  4. Plus500 - Easy-to-use platform. Great account opening. Quick and helpful customer support.
  5. nextmarkets - Commission free real stocks and ETFs. Quick and easy account opening. Great email and phone support.

How did BrokerChooser select the best CFD brokers in Australia?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fee, commission),
  • Specifically compared CFD fees,
  • Checked minimum deposit requirements,
  • Looked at the range of CFDs available,
  • Opened an account and tested the platform (charting, features, usability) with real money.
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.

Best CFD brokers
Comparison of top CFD brokers and trading platforms in Australia in 2023

While many CFD brokers catering to clients in Australia offer an excellent service, the ones in our toplist go the extra mile.

Best CFD brokers and trading platforms in Australia in 2023
Broker Negative balance protection Minimum deposit Account activated in Credit/debit card deposit Leverage can be set manually
eToro Yes $10 1 day Yes Yes
Capital.com Yes $20 1 day Yes Yes
Admirals (Admiral Markets) Yes $100 1 day Yes Yes
Plus500 Yes $100 1 day Yes No
nextmarkets Yes $0 1 day Yes Yes

Best CFD brokers
Trading fees at the top CFD brokers in Australia

How much you pay in fees for a given CFD trade is a key broker selection criteria. We calculated a benchmark fee for the most important CFD costs, which you can see in the table below. This is the total of how much you have to pay in spreads, commissions and other costs for each asset class if you open a position and hold it for a week before closing.

Trading fees at the top CFD brokers in Australia in 2023
eToro Capital.com Admirals (Admiral Markets) Plus500 nextmarkets
S&P 500 CFD spread 0.8 1.1 0.2 0.7 0.5
Europe 50 CFD spread 3.0 2.2 1.0 2.0 1.0
Apple CFD spread 0.2 0.1 0.0 0.4 0.2
Vodafone CFD spread 0.0 0.3 0.0 0.5 -
EURUSD spread 1.0 0.6 0.1 0.8 0.6
GBPUSD spread 2.0 1.3 0.5 1.2 0.5

If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.

Best CFD brokers
Non-trading fees at the best CFD brokers in Australia

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

eToro Capital.com Admirals (Admiral Markets) Plus500 nextmarkets
Account fee No No No No No
Inactivity fee Yes No Yes Yes No
Withdrawal fee $5 $0 $0 $0 $0
Deposit fee $0 $0 $0 $0 $0

Best CFD brokers
Product selection at the top CFD brokers in Australia

The brokerages in our toplist offer a range of products in addition to CFDs. See what else you can trade at the best CFD brokers.

Product selection besides CFDs at the top CFD brokers in Australia in 2023
eToro Capital.com Admirals (Admiral Markets) Plus500 nextmarkets
Stocks Yes No Yes No Yes
ETFs Yes Yes Yes No Yes
Forex Yes Yes Yes No Yes
Funds No No No No No
Bonds No No No No No
Options Yes No No No No
Futures No No No Yes No
Crypto Yes Yes Yes No Yes

Best CFD brokers
CFD trading in Australia

Trading CFDs is legal in Australia and the Australian Securities and Investment Commission (ASIC) does an excellent job at regulating the market and the service providers. Before you open an account with a broker, make sure it's regulated by ASIC or another top-tier regulator such as the FCA in the UK or BaFin in Germany.

ASIC imposed a set of conditions on the issue and distribution of CFDs in 2021 that the regulator plans to keep in place until May 2027. The limitations are the following:

  • leverage ratio limits ranging from 30:1 to 2:1
  • standardisation of margin-close out rules
  • negative balance protection
  • prohibitions on offering or giving of certain inducements.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. If you are not familiar with CFDs, start by reading our guide to CFD trading.

Best CFD brokers
How to choose the best CFD brokers in Australia

A great selection of CFD products and low CFD trading fees are the most important selection criteria. Our experts also put great emphasis on the overall service quality, the safety profile of the broker, the account opening experience as well as deposit/withdrawal options and fees.

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And now, let's see the best CFD brokers for Australians one by one, starting with the winner, eToro.

eToro Logo

#1 Best cfd broker
eToro

eToro, the global Israeli fintech giant and social trading platform, was established in 2007. The broker serves Australian clients through an entity regulated by ASIC.

At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and Smart Portfolios are also available. The CFD product portfolio includes stock, stock index, ETF, and commodity CFDs.

Capital.com snapshot
Minimum deposit$20
Mobile app score 4.9 stars
Stock CFDs5,430
Stock index CFDs26
Commodity CFDs48
Deposit methodsBank transfer, Credit/debit cards, Apple Pay, PayPal
Withdrawal fee$0
Read reviewFor a detailed analysis of Capital.com services, check out our review for 2023

Visit broker
Your capital is at risk

Capital.com Logo

#2 Best cfd broker
Capital.com

Capital.com is a global CFD broker founded in 2016. Its legal entities are regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA).

Australian investors are served by Capital Com Australia Limited, an ASIC-regulated legal entity of Capital.com. Customers trading with this entity are not entitled to investor protection, however, Capital.com provides negative balance protection to all its customers.

eToro snapshot
Minimum deposit$10
Mobile app score 4.9 stars
Stock CFDs2,000
Stock index CFDs16
Commodity CFDs24
Deposit methodsBank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL
Withdrawal fee$5
Read reviewFor a detailed analysis of eToro services, check out our review for 2023

Visit broker
87.41% of retail CFD accounts lose money

Admirals (Admiral Markets) Logo

#3 Best cfd broker
Admirals (Admiral Markets)

Estonia-based Admirals (Admiral Markets) is regulated by multiple financial authorities: the UK Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and the Jordan Securities Commission (JSC). We consider the FCA and the ASIC top-tier regulators.

Admirals serves Australian clients through an entity regulated by ASIC. The broker provides negative balance protection.

Admirals (Admiral Markets) snapshot
Minimum deposit$100
Mobile app score 3.8 stars
Stock CFDs3,252
Stock index CFDs43
Commodity CFDs28
Deposit methodsBank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Withdrawal fee$0
Read reviewFor a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023

Visit broker
81% of retail CFD accounts lose money

Plus500 Logo

#4 Best cfd broker
Plus500

Plus500 is listed on the London Stock Exchange and is regulated by more than one top-tier financial authority. The broker is overseen by the Cyprus Securities and Exchange Commission (CySEC), the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the the Financial Markets Authority (FMA) of New Zealand among others.

Australian investors are served by the ASIC-regulated legal entity of the broker. Australian CFD traders are eligible for negative balance protection.

Plus500 snapshot
Minimum deposit$100
Mobile app score 5.0 stars
Stock CFDs1,900
Stock index CFDs29
Commodity CFDs22
Deposit methodsBank transfer, Credit/debit cards, PayPal, Skrill
Withdrawal fee$0
Read reviewFor a detailed analysis of Plus500 services, check out our review for 2023

Visit broker
79% of retail CFD accounts lose money

nextmarkets Logo

#5 Best cfd broker
nextmarkets

nextmarkets is an online broker providing CFD as well as real stock and ETF trading. The company was founded in 2014 and is regulated by the Malta Financial Services Authority (MFSA).

Australian investors' assets and cash are protected up to €20,000 per account at nextmarkets.

nextmarkets snapshot
Minimum deposit$0
Mobile app score 4.8 stars
Stock CFDs7,000
Stock index CFDs8
Commodity CFDs6
Deposit methodsBank transfer, Credit/debit cards
Withdrawal fee$0
Read reviewFor a detailed analysis of nextmarkets services, check out our review for 2023

Visit broker
52.55% of retail CFD accounts lose money

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit eToro
Your capital is at risk
Visit Capital.com
87.41% of retail CFD accounts lose money
Visit Admirals (Admiral Markets)
81% of retail CFD accounts lose money
Visit Plus500
79% of retail CFD accounts lose money
Visit nextmarkets
52.55% of retail CFD accounts lose money

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