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2022 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Australia

Top Australia brokers
Best Australia Online Brokers 2022

This guide to the reputable trading platforms in Australia has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the latest details about finding the top broker in Australia.

If you're a new entrant into the world of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will get proficient skills at all the concepts of broker since you keep trading. For starters, you have to choose the perfect broker in Australia who will be clear with you always.

In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment program is key to your success.

We currently have 18 Trading Patforms from our research that we think are the Reputable Online Brokers in Australia

Who Are The Top Australia Online Brokers?

This guide has been written to help you find an experienced Australia broker. When looking for a good, professional broker in Australia it can be quite confusing.  Below we detail what your trading platform are in Australia and what Australia online trading platforms can offer you.

Getting a free trial for at least 3 days is one of the best ways to assess the capabilities and reliability of any Australia trading broker firm. Before making any final decisions, you have to be able test the broker's platform and software in real-time but with minimal risk. This will allow you to experiment with the software and see how comfortable you are with its tools. A reuptable broker in Australia should make it as simple as possible for any trader. They shouldn't have to do a lot research nor set up multiple accounts before they let you start investing.

We currently have 18 Trading Patforms in our database that we believe are the Reputable Trading Patforms in Australia

WealthfrontSpreadexBinanceregent markets groupPersonal CapitalAdamant FinanceAlfa ForexYa-HiBridges Financial ServiceslqdfxBailieum1 financeBitfinexAbshire SmithZacks TradeForex.comaaafxGrand Capital
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Rating4.08/56.53/55.88/55.00/54.23/55.86/54.73/54.81/55.88/56.20/55.63/54.25/55.71/52.96/53.81/55.46/55.25/57.45/5
Minimum Deposit$500$1$100$250$100000$100$0$100$100$250$10000$250$100$500$2500$Typical$300$250
Year Founded200819992017202020082008201120082014201720122018201519972008200120082019
HeadquartersUSAUKJapanUnited KingdomUSASaint Vincent and the GrenadinesCyprusSt. Vincent & the GrenadinesAustraliaPortugalAustraliaAustraliaNew ZealandUnited kingdomUnited StatesUnited StatesUnited StatesRussia
Regulated ByUnregulatedFinancial Conduct Authority (FCA)UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F299UnregulatedCyprus Securities and Exchange Commission (CySEC)Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Financial Conduct Authority (FCA) ABN 60 003 474 977, AFSL No. 240837Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F272Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F273Financial Services Provider (FSP)Financial Conduct Authority (FCA)UnregulatedFinancial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)HCMC (Greece), FSA (St Vincent & Grenadines)NFA, NFA ID: 0540363
Clients10,000+10,000+1350000010,000+10,000+10,000+10,000+10,000+10,000+200,000+10,000+10,000+10,000+10,000+10,000+150,000+60,000+10,000+
Risk WarningYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk73% of retail investor accounts lose money when trading CFDs with this providerTrading spot currencies involves substantial risk and there is always the potential for loss.Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with leverage trading and that you have a sufficient level of training.
Withdrawal FeesYesNoYesNoNoNoYesNoYesNoNoNoYesNoNoYesYesNo
Inactivity FeesNoNoNoNoNoNoYesNoNoNoNoNoNoNoNoYesYesNo
Deposit Fees50011002501000001000100100250100002501005002500Typical300250
CFD FeesYesNoNoYesNoNoNoNoYesYesNoYesNoNoYesYesNoNo
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalNoNoNoYesNoNoNoNoNoYesNoYesNoNoNoYesYesYes
Accepts SkrillNoYesNoYesNoNoNoNoNoYesNoYesNoNoNoNoYesYes
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNoYesYes
Accepts NetellerNoNoNoYesNoNoNoNoNoYesNoYesNoNoNoNoYesYes

Online Stock Trading In Australia

Trading investments in Australia is highly controlled and considered very secure. But, conscious that any investment can go down as well as up, so your capital is in danger.

If you are just starting out with online trading then it's advised to have a demo account with a regulated agent so that you can find out the systems without the danger of losing money.

Live Forex Trading In Australia

Forex is the greatest liquid financial market in the world using a daily monetary exchange turnover of more than $5 trillion (BIS data April 2016).

Forex (Abbreviation of Foreign Exchange) is a money exchange involving two distinct nations and the following management of the consequent position in which one currency gains and the other loses.

It's easy to do Live Forex Trading in Australia with professional online trading platforms

Live CFD Trading In Australia

CFD trading is the buying and selling of contracts for difference via an online trading platform in Australia. When you trade CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Australia

Spread Betting in Australia is possible using professional online brokers like XTM or IC Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Australia brokers will show the prices you have.

If you are looking at how to do spread betting in Australia then it is suggested to start with a demo account with either eToro or Trading212 so that you can practice with monopoly currency before risking your own capital.

Trading Stocks in Australia

Internationally, Australia is considered safe to do online trading and has access to other global financial centers. In Australia, online trading platforms are highly regulated, professional and supportive. 

However, it is always important to be as informed as possible so below are some of the important things a trader should know:

The financial industry in Australia are very mature and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Australia.

The online platforms used by brokers in Australia are well tested and highly rated.

Whichever Online Trading Brokers in Australia you decide to use, make sure they have all of the following:

  • User friendly platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Professional online help or support

Challenges Of Trading Online in Australia

The US Dollar is considered the base currency globally so even a tiny change in the US economic markets could affect the financial markets in Australia. The EU is also a large market and changes there could affect the economic markets in Australia.

Like every country there are challenges in Australia financial markets but overall the prospects are good. However, like in all global economic markets we recommend that any Online Trading Solutions in Australia you decide to use, make sure you do your homework first before risking any real money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Australia.  We hope that by reading this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Australia

Is Forex Trading Legal In Australia?

There is a growing misconception that trading Forex in Australia is deemed unsafe. This isn't the case, Forex Currency trading in Australia is very active, safe and regulated.

Trading in Forex is permitted in Australia as for any business to trade internationally, foreign currency must be exchanged. Whenever you buy something and it's shipped from overseas, there will be numerous currency exchanges by multiple companies to receive that item to you.

The important thing is that when trading Forex in Australia you select one of the top online agents.

Do Forex Traders Pay Tax In Australia?

After a trader is successful and their gains reach a particular level then they can be taxed in Australia as per the standard tax rules.

Tax returns should always be registered even if there is a loss. You should seek advice with a documented accountant in Australia to ensure you are abiding by all current local laws as it's extremely determined by your personal conditions.

Can You Trade Cryptocurrencies In Australia?

Cryptocurrency markets in Australia are quite new. As Cryptocurrencies operate on decentralised resources in Australia matters like interest rate changes and political instability do not affect them as much as the money markets.

Cryptocurrencies are more popular with the centuries as well as increasing income amounts and technologies adoption, trading cryptocurrency in Australia is rising day by day. It's still modest compared to the Forex markets but around $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Australia?

Commodities trading in Australia includes trading in things like precious metals, energies and agricultural commodities.

Some commodities such as agricultural are seeing exponential growth inAustralia.

Fast growing markets like India have a significant demand for many fundamental raw materials because of their inhabitants. It follows that countries like Australia can take advantage of this situation.