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

Top Australia brokers
Top Australia Online Brokers 2021

This guide to the top 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 most recent details about finding the best online broker in Australia.

If you are a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll get adept skills at all the concepts of brokerage since you keep trading. For starters, you have to choose the ideal agent in Australia who'll be clear with you constantly.

In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan is key to your success.

We currently have 19 Online Brokers that we believe are the Top Brokers in Australia

Finding The Best Australia Trading Patforms?

This review has been collated to help you find a professional Australia broker. When searching for a good, reliable broker in Australia it can be quite confusing.  Below we show what your trading options are in Australia and what Australia brokers can offer you.

Getting a free trial for a minimum of 3 weeks is one of the best ways to understand the capabilities and reliability of any Australia broker. Before making any final decisions, you have to be able test the broker's platform and software in real-time but with little risk. A demo account will allow you to test the software and see how easy it is. A top broker in Australia should make it as simple as possible for you. They shouldn't have to do a lot research nor set up multiple accounts before they let you start trialling their tools.

We currently have 19 Online Brokers from our research that we believe are the Top Trading Patforms in Australia

landfxtradershomeTrade ZeroBulbrokersatc brokersfxglobeAJ BellfxgiantsVinson FinancialsTrade.comAscot SecuritiesstockpileBaker Young Stockbrokerstaylor collison limitedAdamant Financefx privatekvb kunlunFidelitytegasfx
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Rating5.85/54.50/55.73/53.36/56.40/54.20/52.83/56.20/55.86/54.93/54.23/56.25/50.63/55.85/55.86/54.75/54.80/54.31/56.35/5
Minimum Deposit$250$250$500$100$250$250$100$250$200$1$25$250$200$250$100$250$250$100$250
Year Founded2013201320142000201720121997201120042009199620212017201520082020201220082017
HeadquartersLebanonRussiaBahamasBulgariaUnited StatesMaltaUKCyprusCyprusCyprus, UKEstoniaUnited StatesAustraliaCyprusSaint Vincent and the GrenadinesUSASwitzerlandUSACyprus
Regulated ByFinancial 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-F268Financial 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-F328Securities Commission of the Bahamas (SCB)Financial Services Authority (FSA)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-F224Financial 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-F243Central Bank of UAEFinancial 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-F242Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)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-F312UnregulatedFinancial 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-F318Cyprus Securities and Exchange Commission (CySEC)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-F239Financial 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-F267Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)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-F320
Clients14,000+1,000,000+2,000+10,000+3,500,000+10,000+10,000+250,000+10,000+10,000+10,000+10,000+10,000+30,000+10,000+12,000,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour 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 risk
Withdrawal FeesNoNoNoNoNoYesNoNoNoYesYesNoYesNoNoYesNoNoNo
Inactivity FeesNoNoNoYesNoYesNoNoNoNoYesYesNoNoNoNoNoYesNo
Deposit Fees250250500100250250100250200125250200250100250250100250
CFD FeesNoNoNoYesNoNoNoNoYesNoYesNoYesNoNoNoNoYesNo
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalYesYesNoNoYesYesNoYesNoNoNoYesNoYesNoYesYesNoYes
Accepts SkrillYesYesNoNoYesYesNoYesNoNoNoYesNoYesNoYesYesNoYes
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts NetellerYesYesNoNoYesYesNoYesNoNoNoYesNoYesNoYesYesNoYes

Online Share Trading In Australia

Trading stocks and shares in Australia is highly controlled and considered quite secure. However, as always, 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 is suggested to get a demo account first with a regulated agent so you can learn the systems without the risk of losing money.

Live Forex Trading In Australia

Forex is the largest liquid financial market in the world using a daily monetary exchange turnover of over $5 trillion (BIS statistics April 2016).

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

It is possible to do Live Forex Trading in Australia using seasoned 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 trading 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 trusted online trading platforms like plus500 or IC Markets. It is a simple bet as to whether the price will go up or down.  Normally, the Australia trading platforms will display the prices you have.

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

Trading Forex 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, experienced and customer centric. 

However, it is always important to be as informed as possible so here we detail some of the important things any 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 trading solutions used by brokers in Australia are extensively tested and highly rated.

Whichever Online Trading Brokers in Australia you decide to use, ensure they have all of the below:

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

Challenges Of Trading in Australia

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

Like many countries there are challenges in Australia economic markets but overall the outlook is good. However, like in all global financial markets we recommend that any Online Trading Platforms in Australia you decide to use, make sure you do your due diligence first before risking any real money. We have collected hundreds 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 considered unsafe. This is not the case, Forex trading in Australia is quite active, safe and regulated.

Trading in Forex is allowed in Australia as for any business to trade internationally, foreign currency has to be exchanged. Any time you buy something and it's sent from overseas, there'll be numerous currency exchanges by multiple businesses to get that thing to you.

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

Do Forex Traders Pay Tax In Australia?

Once a trader is successful and their profits reach a particular level then they may be taxed in Australia according to the standard tax rules.

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

Can You Trade Cryptocurrencies In Australia?

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

Cryptocurrencies are more popular with the younger generations as well as increasing income amounts and technology adoption, trading cryptocurrency in Australia is increasing day by day. It's still modest in comparison to the Forex markets however about $6 billion USD of Bitcoin is traded every day.

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 economies like India have a significant need for many basic raw materials because of their inhabitants. It follows that states like Australia can benefit from the circumstance.