1st place
2nd place
3rd place
Intro and winners
Top 5 CFD brokers in Australia in 2023:
- eToro is the winner, the best CFD broker in Australia in 2023. - Free stock and ETF trading. Seamless account opening. Social trading.
- Capital.com - Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- Plus500 - Easy-to-use platform. Great account opening. Quick and helpful customer support.
- 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.
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.
| 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.
| 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.
| 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.
Didn't find the best broker for you? Answer a few questions and get a personalized broker list!
Your broker toplist will be selected based on your answers.
And now, let's see the best CFD brokers for Australians one by one, starting with the winner, eToro.
#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 CFDs | 5,430 |
| Stock index CFDs | 26 |
| Commodity CFDs | 48 |
| Deposit methods | Bank transfer, Credit/debit cards, Apple Pay, PayPal |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of Capital.com services, check out our review for 2023 |
#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 CFDs | 2,000 |
| Stock index CFDs | 16 |
| Commodity CFDs | 24 |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL |
| Withdrawal fee | $5 |
| Read review | For a detailed analysis of eToro services, check out our review for 2023 |
#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 CFDs | 3,252 |
| Stock index CFDs | 43 |
| Commodity CFDs | 28 |
| Deposit methods | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023 |
#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 CFDs | 1,900 |
| Stock index CFDs | 29 |
| Commodity CFDs | 22 |
| Deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of Plus500 services, check out our review for 2023 |
#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 CFDs | 7,000 |
| Stock index CFDs | 8 |
| Commodity CFDs | 6 |
| Deposit methods | Bank transfer, Credit/debit cards |
| Withdrawal fee | $0 |
| Read review | For a detailed analysis of nextmarkets services, check out our review for 2023 |
