Best Brokers in Australia
Australia’s major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987.
The Australian Securities Exchange (ASX) sits comfortably in the top ten equity markets in the world measured by market capitalisation and has a reputation for integrity and for attracting international investors. Australia has become an attractive investment destination for global investors as well as home to many major multinational financial services providers.
Australian traders have lots of choice when it comes to choosing a trading broker. Australia is a popular destination for brokers, with some of the very best headquartered there. If you are overwhelmed with the options available to you or just don’t know where to start, then you have come to the right place.
Here you will find the best Australian brokers according to the many hours of research, testing, analysis and comparison that we have conducted across hundreds of brokers. By having all of the best brokers listed in one place, we aim to make it quick and easy for you to identify the best broker in Australia according to your own individual needs.
Top 10 Brokers Australia
In order to be included within our best brokers in Australia list, the broker should be regulated and offer top trading conditions, including tight spreads, low fees, lots of liquidity and rapid execution speeds. They should have a choice of easy to use yet powerful trading platforms and trading apps along with a wide selection of quality trading tools for comprehensive market analysis and to assist you with your daily trading activities.
Other factors that we consider to be important when choosing the best Australian broker include the variety of account types, funding options provided, reputation within the industry, customer support and range of financial instruments available to trade online. We also like to see enough educational resources provided to help beginners learn more about trading and investing online.
That being said, we have chosen these as the best brokers for Australians as they meet our criteria and are regulated by the Australian Securities and Investments Commission (ASIC). They have passed our strict broker reviews with flying colours and been awarded a top broker rating for the excellent range of trading and investing services that they provide.
ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA
$250
1974
1:200
AvaTrade
AvaTrade has been an innovative pioneer in online trading since 2006. The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders. Since then, they have grown to become one of the best brokers for trading and investing online. They have a good range of financial instruments for you to trade across different asset classes including forex, commodities, stocks and cryptos. There are zero commission fees and forex spreads are relatively low overall.
The broker supports manual and automated trading on modern and intuitive platforms. For those of you who do not have the time or skills to trade by yourself, there is also a good selection of copy trading platforms. AvaTrade are also one of the most well-regulated brokers you will find serving Australian traders.
IG
IG are one of the best CFD brokers in Australia if you are looking to speculate on rising and falling markets. With them, you can trade on cutting-edge platforms, get expert trade ideas and around-the-clock support. You have a huge selection of financial instruments to choose from. You can trade Australian and international shares with low commissions with an IG Share Trading account.
If you are new to trading you will find comprehensive education and a demo account with AUD$20,000 of virtual funds. For those of you who are experienced traders, you can get convenient access to trade with tight spreads, fast execution and very low fees overall.
They have all of the resources that you need to make informed trade decisions with advanced trading tools and articles from the IG expert global team. You can keep your finger on the pulse in-platform, with live Reuters and Twitter feeds.
IC Markets
Based in Sydney, IC Markets is the largest true ECN forex broker in Australia offering spreads from 0.0 pips, no requotes, best possible prices and no restrictions. They are a market-leading global online retail trading platform offering superior execution, low spreads and unrivalled liquidity from a deep pool of liquidity providers. You can trade currencies, stocks, commodities, futures, bonds, and digital assets with a globally regulated broker.
IC Markets’ carefully selected range of products, platforms, and account types give you access to the most popular and liquid markets across the world, for ample trading opportunities 24/5. IC Markets Global offers a wide range of Stock CFDs on MetaTrader 5 platform. Traders can access an impressive range of over 1600 stocks across Australia and United States.
IC Markets is one of the top choices for automated traders, high-volume traders and scalpers. Their order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems.
They are one of the best forex brokers you can find who are regulated by the Australian Securities and Investments Commission (ASIC) and offer quick account funding with excellent 24/7 customer support.
City Index
City Index Australia is a leading provider of trading services to individuals. They offer instant access to thousands of markets worldwide through Contracts for Difference (CFDs) and margined foreign exchange. To stay at the forefront of this fast growing market they combine innovative trading technology with the best in customer service. When you trade with City Index you can get access to free educational tools, including regular seminars, webinars and the latest market analysis direct from the experts. From real-time market commentary to an integrated Reuters newsfeed, they deliver actionable insight to help you identify potential opportunities.
City Index is part of the StoneX Group, a Nasdaq-listed Fortune 100 company with a proven track record in providing retail and institutional clients with trading services. They are fully licensed and regulated in Australia since 2006 and hold the highest industry standards of accountability and transparency. City Index has been helping clients navigate financial markets since 1983 and is a world-leading provider of financial services. Forex.com is another trading broker under the same umbrella which further emphasises the size of the company.
FP Markets
FP Markets have developed a proud reputation as a broker in Australia. They have relationships with leading tier one financial institutions which mean they can provide deep liquidity and tighter spreads for forex traders. Combined with an ECN Pricing model, traders can consistently trade from 0.0 pips on major currency pairs such as the EUR/USD, USD/JPY and GBP/USD.
Although trading Forex is a key component of their business, FP Markets also offer CFD trading in Shares, Metals, Commodities, Indices, Bonds & Digital Currencies. Traders can access more than 10,000+ tradable instruments across global financial markets using Iress, an advanced online trading software specifically designed for CFD trading.
CFD trading with an online broker allows you to access the biggest global exchanges and indices, including the Standard & Poor’s, NASDAQ and the New York Stock Exchange (NYSE) in the United States, and the Australian Stock Exchange (ASX).
Overall, they are a top broker for Australian traders who want to trade some of the world’s largest companies and other financial instruments with plenty of tools at your disposal. They can cater for both retail and institutional clients alike, whilst they also integrate with some innovative copy trading platforms.
GO Markets
Founded in 2006, GO Markets is an Australian trading broker offering over 600 financial instruments for you to trade online. They provide powerful trading platforms with a range of trading tools and dedicated educational centre to assist traders.
Eightcap
Eightcap is a regulated Australian broker offering over 200 CFD trading instruments on the user-friendly MetaTrader platforms including Forex, Stocks, Indices, Cryptos and Commodities. The broker has low commission fees, tight spreads, flexible leverage, rapid execution speeds, fast and free funding options, trading tools, educational materials, managed accounts and industry leading customer support.
Blueberry Markets
Blueberry Markets is an online broker based in Australia providing online trading via the easy to use MetaTrader platforms with tight spreads, low fees and fast execution speeds. They offer commission free accounts, along with a Free VPS.
TradeDirect365
TradeDirect365 (TD365) is a regulated broker that offers Forex, Crypto, Indices, Commodities and Stock trading online with very competitive trading conditions, including no commission fees, tight fixed spreads and fast trade execution speeds. You can trade on user-friendly platforms with plenty of tools for in-depth market analysis.
Fusion Markets
Fusion Markets are a CFD broker offering user-friendly trading platforms, low fees, tight spreads and reliable execution speeds. They offer a range of deposit and withdrawal options along with a selection of useful trading tools to assist with your market analysis.
Conclusion
Whilst this article covers what we consider to be amongst the most important things to consider when choosing a broker in Australia, it can differ depending on your individual preferences. Thus, it is important that you choose a broker that meets your needs and use this information only for educational purposes and not as advice. Take your time to research brokers and conduct your own due diligence. You can even test a broker with a free demo account to see if they are suitable before making a commitment. Please feel free to use our broker comparison tool if you are looking for some further inspiration to help you choose a suitable Australian broker.
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