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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Australia

The best Australia online trading platforms
Top Australia Online Brokers 2021

This guide to the professional online brokers in Australia has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the latest details about finding the most professional online broker in Australia.

If you are a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You'll get adept skills at all of the concepts of broker as you continue trading. For starters, you have to choose the top broker in Australia who will be clear with you constantly.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program is key to your success.

We currently have 20 Brokers from our research that we believe are the Best Brokers in Australia

Who Are The Top Australia Online Brokers?

This guide has been collated to help you find an experienced Australia broker. When searching for a good, professional broker in Australia it can be very confusing.  Below we show what your trading platform are in Australia and what Australia brokers can offer you.

We currently have 20 Trading Patforms in our database that we believe are the Professional Trading Patforms in Australia

Ya-HiAmscot StockbrokingEightcapVarengold BankLondon Capital Group (LCG)CFI MarketsBithumbVirtual BrokersIngot BrokersCore SpreadsDF MarketsForexMartInvestors IntelligenceIGTraders TrustPaxForexThink MarketsAdamant FinanceXGLOBAL MarketsCredit Financier Invest
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Rating4/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/5
Minimum Deposit$100$500$100$250$100$100$500$1000$1000$1$1$1$1$200$100$10$250$100$500$500
Year Founded20081853201520081996201220092008200420142010201519471974199820102010200820081817
HeadquartersSt. Vincent & the GrenadinesAustrailiaAustraliaGermanyUKCyprusHong KongCanadaAustraliaLondonUKCyprusLondonUKCyprusSaint Vincent and the GrenadinesAustraliaSaint Vincent and the GrenadinesCyprusLebanon
Regulated ByFinancial Conduct Authority (FCA)Ministry of Economic Affairs and Communications (Estonia)Australian Securities and Investment Commission (ASIC)UnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin)UnregulatedThe Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ? e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA)Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)Swiss Financial Market Supervisory Authority (FINMA)
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+178,500+10,000+350+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsLosses can exceed depositsYour capital is at riskLosses can exceed depositsSpread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.Losses can exceed depositsYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at risk
Withdrawal FeesvariablevariableYesvariableNoNo$5variableNoNoNo5NoNo0.5%- 2.5%10No$20$0variable
Inactivity FeesNoNoYesNoNoNoNoYesYEsNoNo
Deposit Fees10050010025010010050010001000111120010010250100500500
CFD FeesYesYes (0.1% - 0.25%)NoNo$1.50/lot/legYesYesNoYes (0.1%)$50/ lotNoNo
Accepts Credit CardsYesYesYesYesYesYes
Accepts PayPalNoNoNoYesNoNo
Accepts SkrillNoYesYesNoYesNo
Accepts PayoneerYesYesNoYesNoYes
Accepts NetellerNoYesYesNoYesYes

Online Stock Trading In Australia

Trading stocks and shares in Australia is highly controlled and considered very safe. However, be aware that any investment can go down as well as up, so your capital is at risk.

If you're just starting out using online trading then it is suggested to have a demo account with a regulated agent so that you can learn the strategies without the danger of losing money.

Live Forex Trading In Australia

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

Forex (short for Foreign Exchange) is a money exchange involving two distinct countries and the following management of the resulting position in which one currency gains and the other loses.

It's possible to do Live Forex Trading in Australia using experienced online trading platforms

Live CFD Trading In Australia

CFD trading is the selling and buying of contracts for difference via an online agent in Australia. When trading CFDs you are agreeing 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 trading platforms like eToro or Trading212. It is a simple bet as to whether the price will go up or down.  Normally, the Australia brokers will display 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 plus500 or Trading212 so that you can practice with virtual money before risking your own capital.

Trading Shares in Australia

Globally, Australia is considered safe to do online trading and has access to other global financial centers. In Australia, online brokers are highly regulated, professional and customer centric. 

However, it is always important to be as informed as possible so here we detail some of the most important things any trader should know:

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

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

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

  • Easy to use platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Able to perform social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Australia

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

Like all countries there are opportunities in Australia financial markets and overall the outlook is positive. 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 due diligence first before risking any real money. We have collated 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 experienced 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 considered unsafe. This isn't the case, Forex Currency trading in Australia is quite active, regulated and safe.

Trading in Forex is permitted in Australia as for any company to trade globally, foreign currency has to be exchanged. Any time you buy something and it's sent from abroad, there'll be multiple money exchanges by multiple businesses to get that item to you.

The important thing is that if trading Forex in Australia you pick one of the top online brokers.

Do Forex Traders Pay Tax In Australia?

Once a trader is successful and their gains reach a certain level then they may be taxed in Australia as per the typical tax rules.

Tax returns must always be registered even if there's a reduction. You should seek advice with a registered accountant in Australia to make certain you are abiding with present regional laws since it is very determined by your personal circumstances.

Can You Trade Cryptocurrencies In Australia?

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

Cryptocurrencies are more popular with the centuries and with growing income levels and technologies adoption, trading cryptocurrency in Australia is rising day by day. It is still small in comparison to the Forex markets but about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Australia?

Commodity trading in Australia includes trading in matters like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inAustralia.

Fast growing economies like India have a big demand for many fundamental raw materials for their population. This means that countries like Australia can take advantage of the situation.