Best international online brokers in Australia in 2025

While many international online trading brokers offer an excellent service, the ones in our toplist go the extra mile. These international online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.

Popularity of the best online brokers in Australia

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

In most cases, the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.

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.

Brokers operating in Australia are overseen by the Australian Securities and Investments Commission (ASIC). ASIC is Australia's corporate, markets and financial services regulator. It's an Australian government body, accountable to the nation's parliament. It regulates financial services, consumer credit and authorized financial markets operating in Australia and its mandate includes rooting out fraudulent activities and scams among service providers.

Under Australian law, brokers accepting Australian clients are required to be licensed or registered. This helps ensure that only qualified and reputable firms operate in the market. Check the legal information of your broker to make sure they have proper status.

The regulator has imposed leverage limits on certain financial products, particularly high-risk ones like CFDs. This is done to protect retail traders from excessive losses due to high leverage. ASIC also requires brokers to segregate client funds from their operational funds.

The nation's currency is the Australian dollar (AUD), which ranks among the top five most traded currencies globally. The AUD exchange rate is highly volatile against its counterparts as the currency's value is closely linked to commodity prices because Australia is rich in natural resources.

The Australian Securities Exchange (ASX) is the largest stock market in Australia. The Sydney-based bourse ranks among the top 20 largest stock exchanges in the world by market capitalization. The ASX offers trading in major stocks, ETFs, derivatives, fixed income, commodities and energy, and holds more than 80% of the market share of the Australian cash equity market.

No matter whether you are looking for financial instruments to buy and hold or to profit from their short-term price movements, international brokers offer a wide range of securities for both of these goals.

Many of these international brokers offer shares and exchange-traded funds (ETFs) listed on Australian exchanges, such as the Australian Securities Exchange (ASX), National Stock Exchange of Australia (NSX), or Chi-X Australia, for investing and trading to their clients.

Most of them will give you access to equities listed on international exchanges, such as the New York Stock Exchange (NYSE) or Nasdaq.

However, you don’t need to buy securities outright. Many of these brokers offer various ways to trade the foreign exchange (forex) markets and a whole range of other instruments through derivatives. For instance, many of these brokers offer contracts for difference (CFDs) on a number of instruments, such as currency pairs, shares and stock indexes, ETFs, metals and other commodities, such as oil and natural gas and precious metals. Even trading cryptocurrencies is legal in Australia.

When you trade derivatives, you don’t own the actual underlying asset, you just make a bet on the price movement, either up or down, and profit from the trade if you get it right. Your broker will, typically, offer you leverage, or a loan to open a bigger position than your initial deposit for the trade. You need to be careful with that, however, because leverage will amplify your losses, not just your gains.

Individual investors in Australia who sell assets held for more than 12 months can apply a 50% capital gains tax (CGT) discount, meaning only half the gain is taxed at their marginal rate. Depending on overall income, the effective tax on these long-term gains can range roughly from 0% to about 22.5%.

Profits from short-term trading (e.g., shares, forex, CFDs) are taxed as ordinary income. Many active traders operate as a business, so their profits and losses are treated as business income and taxed at their current rates.

At BrokerChooser we do our best to make it easier for you to compare and select the best broker for your needs. Here is a summary of our scores in the most important aspects of these trading platforms' services.

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

And now, let's see the top international online brokers for 2025 for residents in Australia in detail one by one, starting with the winner, Interactive Brokers.

Recommended for traders looking for broad market access and a professional trading environment

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Recommended for investors and traders looking for a great trading platform and solid research

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62% of retail CFD accounts lose money

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and stock trading with low fees

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AFSL 491139. eToro is a multi-asset investment platform. Value of your investments may go up or down, your capital is at risk.

Recommended for forex traders who value a user-friendly platform and great research tools

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75% of retail CFD accounts lose money

Recommended for affluent investors who value safety and are OK with higher fees

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Recommended for investors and traders looking for zero-commission trading and focusing on US markets

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Recommended for forex traders who are familiar with the MetaTrader trading platforms

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74% of retail CFD accounts lose money

Recommended for traders of any experience level looking for an easy-to-use trading platform

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75% of retail CFD accounts lose money

Recommended for forex traders looking for low fees who are familiar with the MetaTrader 4 platform

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72% of retail CFD accounts lose money

Recommended for forex and CFD traders looking for an advanced trading platform with many research tools

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69% of retail CFD accounts lose money

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• We checked whether the broker is regulated by a trusted regulator

• Compared fees (including spreads, withdrawal fee, commission)

• We checked and compared every aspect of their services

• Opened an account and tested the platform (charting, features, usability) with real money

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Which is the cheapest broker in Australia?

There is no such thing as the cheapest broker in Australia. Brokers charge many types of fees and their amount varies from broker to broker. There is strong competition among brokers in terms of fees and some focus specifically on low fees. Low cost brokers in Australia include Stake and eToro.

Which broker is the best in Australia?

The top brokers in Australia are:

1. Interactive Brokers - Extremely low fees. Wide range of products. Many great research tools.
2. Saxo - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
3. eToro - Low stock and ETF fees. Seamless account opening. Social trading.
4. Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
5. Swissquote - Access to many markets and products. No inactivity fee. Rock-solid background.
6. moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
7. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
8. IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
9. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
10. CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.

Can I trade cryptocurrencies in Australia?

Trading and storing Bitcoin (BTC) and other cryptocurrencies, such as Ethereum (ETH), Tether (USDT) and Ripple (XRP) is legal in Australia. They are also legal means of payment for personal and business transactions.

Similarly to other major regulators, ASIC has tightened regulations for brokers offering contracts for difference (CFDs) in general, and expressed concerns about cryptocurrencies as an asset class in particular. However, unlike the UK’s Financial Conduct Authority (FCA), it has not banned offering crypto derivatives to retail traders.