Intro and winners
- eToro is the winner, the best CFD broker in Australia in 2023. - Free stock and ETF trading. Seamless account opening. Social trading.
- 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.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- City Index - Low fees for forex. Fast and smooth account opening. Diverse research tools.
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
- AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
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 for any product | Minimum deposit |
---|---|---|
eToro | $10 For Israeli clients, the minimum first-time deposit is $10,000. For residents of Australia and the US, it is $50, while for residents of Russia, China, Hong Kong, Taiwan and Macau, it is $500. | |
Admirals (Admiral Markets) | $100 100 EUR/GBP/USD/CHF or 200 BGN or 1000 CZK or 750 HRK or 25000 HUF or 250 PLN/RON | |
Plus500 | $100 $100 for credit/debit cards and electronic wallets; $500 for bank transfers | |
IG | $0 No minimum deposit for bank transfers; $300 minimum for credit/debit cards and PayPal | |
City Index | $0 No minimum deposit is required | |
ActivTrades | $0 There is no minimum deposit | |
CMC Markets | $0 No minimum deposit | |
MultiBank | $200 $200 for Standard accounts, $1,000 for MultiBank Pro accounts, and $10,000 for ECN Pro accounts | |
XM | $5 $5 minimum deposit for standard account, $100 for Zero account | |
AvaTrade | $100 $100 minimum deposit for credit/debit cards, bank transfer and electronic wallets |
Popularity of the best CFD brokers in Australia
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
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.
Broker | S&P 500 CFD spread | Euro Stoxx 50 CFD spread |
---|---|---|
eToro | 0.8 Usual spread in trading time | 3.0 Usual spread in trading time |
Admirals (Admiral Markets) | 0.2 Usual spread in trading time | 1.0 Usual spread in trading time |
Plus500 | 0.7 Usual spread in trading time | 2.0 Usual spread in trading time |
IG | 0.4 Usual spread in trading time | 1.5 Usual spread in trading time |
City Index | 0.4 Usual spread in trading time | 1.9 Usual spread in trading time |
ActivTrades | 0.2 Usual spread in trading time | 0.9 Usual spread in trading time |
CMC Markets | 0.6 Usual spread in trading time | 1.6 Usual spread in trading time |
MultiBank | 0.3 Usual spread in trading time | 2.1 Usual spread in trading time |
XM | 0.4 Usual spread in trading time | 2.5 Usual spread in trading time |
AvaTrade | 0.5 Usual spread in trading time | 2.0 Usual spread in trading time |
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.
Broker | Account fee | Inactivity fee |
---|---|---|
eToro | No account fee | $10 per month after one year inactivity. Inactivity means that you don't log in to your account |
Admirals (Admiral Markets) | No account fee. | €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero |
Plus500 | No account fee | $10 per month after 3 months of inactivity. Inactivity means that you don't log in to your account |
IG | No account fee | $/£12/€14 per month after 2 years of inactivity |
City Index | No account fee | £12 per month after one year of inactivity |
ActivTrades | No account fee | If the account is not used for over 1 year and there is a remaining balance, a fee of £10 per month will be charged |
CMC Markets | No account fee | £10 monthly fee after 12 months of inactivity |
MultiBank | No account fee | 60 USD/month after 3 consecutive months of inactivity |
XM | No account fee | $15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive |
AvaTrade | No account fee | $50 per quarter after 3 months of inactivity; after 12 straight months of non-use, a further annual administration fee of $100 is charged |
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.
Broker | Stocks | ETFs |
---|---|---|
eToro | ||
Admirals (Admiral Markets) | ||
Plus500 | ||
IG | ||
City Index | ||
ActivTrades | ||
CMC Markets | ||
MultiBank | FALSE | |
XM | ||
AvaTrade |
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.
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 is a well-known Israeli fintech company and a social trading broker, established in 2007.
Check out our eToro review tailored to the needs of beginner investors and traders.
eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.
Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.
HEADS UP: Minimum deposit based on residency and account activation – Be sure to check the minimum deposit that is required to activate your account. After uploading your documents, a deposit is also needed in order to make trades. The amount of the deposit required is based on your residency, and ranges from $10 to $10,000. More details are available in the review’s Account opening section.
eToro USA LCC does not offer CFDs, only real Crypto assets available.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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 |

#2 Best cfd broker
Admirals (Admiral Markets)
Admirals (Admiral Markets) is a Global forex and CFD broker founded in 2001. It is overseen by multiple regulators in the various regions it serves. These regulators are the UK's 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). Of these, the FCA and the ASIC are top-tier financial authorities.
Admirals is considered safe because it has a long track record, discloses its financials, and its parent company, the Admirals Group is listed on a stock exchange.
Admirals was formerly called Admiral Markets, but it is currently going trough a rebranding process. This should be of no concern to clients, as this doesn't affect the broker's services in any negative way.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Admirals (Admiral Markets) snapshot | |
---|---|
Minimum deposit | $100 |
Mobile app score | 3.8 stars |
Stock CFDs | 3,445 |
Stock index CFDs | 40 |
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 |

#3 Best cfd broker
Plus500
Plus500 is a London Stock Exchange-listed global CFD broker that was founded in 2008 in Israel. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Plus500 has three different platfroms, Plus500 CFD, where you can trade CFDs, Plus500 Invest, where you can trade stocks and Trade Sniper, where you can trade futures. Trade Sniper is only available for US citizens.
Being listed on a stock exchange, regulated by several top-tier financial authorities, and disclosing its financials publicly are all good signs for Plus500's reliability.
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 |

#4 Best cfd broker
IG
IG, established in the UK in 1974, is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.
IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
IG snapshot | |
---|---|
Minimum deposit | $0 |
Mobile app score | 5.0 stars |
Stock CFDs | 10,500 |
Stock index CFDs | 78 |
Commodity CFDs | 47 |
Deposit methods | Bank transfer, Credit/debit cards, PayPal |
Withdrawal fee | $0 |
Read review | For a detailed analysis of IG services, check out our review for 2023 |

#5 Best cfd broker
City Index
City Index is a global CFD and FX broker founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS).
City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
City Index snapshot | |
---|---|
Minimum deposit | $0 |
Mobile app score | 4.5 stars |
Stock CFDs | 4,700 |
Stock index CFDs | 40 |
Commodity CFDs | 41 |
Deposit methods | Bank transfer, Credit/debit cards, PayPal |
Withdrawal fee | $0 |
Read review | For a detailed analysis of City Index services, check out our review for 2023 |

#6 Best cfd broker
ActivTrades
ActivTrades is a global forex broker founded in 2001. It is regulated among others by the UK's Financial Conduct Authority (FCA) and the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg.
ActivTrades having a long track record and being regulated by the FCA, a top-tier financial authority, are all good signs for its safety.
ActivTrades operates both UK and EU websites (under the co.uk and .eu domains), as well as an international one (.com). Some products, fees and conditions may differ depending on the entity concerned.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ActivTrades snapshot | |
---|---|
Minimum deposit | $0 |
Mobile app score | 3.9 stars |
Stock CFDs | 1,000 |
Stock index CFDs | 31 |
Commodity CFDs | 22 |
Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, AstroPay, Sofort |
Withdrawal fee | $0 |
Read review | For a detailed analysis of ActivTrades services, check out our review for 2023 |

#7 Best cfd broker
CMC Markets
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.
Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CMC Markets snapshot | |
---|---|
Minimum deposit | $0 |
Mobile app score | 5.0 stars |
Stock CFDs | 10,000 |
Stock index CFDs | 88 |
Commodity CFDs | 123 |
Deposit methods | Bank transfer, Credit/debit cards, PayPal |
Withdrawal fee | $0 |
Read review | For a detailed analysis of CMC Markets services, check out our review for 2023 |

#8 Best cfd broker
MultiBank
MultiBank is a global CFD and FX broker. MultiBank Group was established in California, USA, in 2005 with headquarters in Hong Kong. They are a global financial group whose member companies are active in areas from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities, regulated by the Australian Securities and Investments Commission (ASIC) and other financial authorities. In this review, we will use MultiBank as a name for the brokerage service.
MultiBank is considered safe because it is regulated by the top-tier ASIC and has a reasonably long history, dating back to 2005.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
MultiBank snapshot | |
---|---|
Minimum deposit | $200 |
Mobile app score | 3.8 stars |
Stock CFDs | 20,000 |
Stock index CFDs | 27 |
Commodity CFDs | 13 |
Deposit methods | Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash |
Withdrawal fee | $0 |
Read review | For a detailed analysis of MultiBank services, check out our review for 2023 |

#9 Best cfd broker
XM
XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009.
XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission of Belize (FSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XM snapshot | |
---|---|
Minimum deposit | $5 |
Mobile app score | 3.8 stars |
Stock CFDs | 1,261 |
Stock index CFDs | 24 |
Commodity CFDs | 15 |
Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under IFSC) |
Withdrawal fee | $0 |
Read review | For a detailed analysis of XM services, check out our review for 2023 |

#10 Best cfd broker
AvaTrade
AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several top-tier financial authorities, including the Central Bank of Ireland.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
AvaTrade snapshot | |
---|---|
Minimum deposit | $100 |
Mobile app score | 4.7 stars |
Stock CFDs | 612 |
Stock index CFDs | 31 |
Commodity CFDs | 19 |
Deposit methods | Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, Klarna, Webmoney, POLi, Boleto, Perfect Money |
Withdrawal fee | $0 |
Read review | For a detailed analysis of AvaTrade services, check out our review for 2023 |
Best CFD brokers
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Best CFD brokers
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.
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