Top ASIC regulated CFD brokers with low fees
Verdict
- Pepperstone is our top ASIC-regulated pick on fees: Razor EUR/USD at a published 0.1-pip average plus USD 3.50 per side (USD 3.00 on cTrader), a $10 minimum deposit and no inactivity fee.
- Capital.com (AFSL 513393) is second for its platform mix and guaranteed stops, though our data holds no published EUR/USD average for it.
- On commission alone, Fusion Markets (AFSL 385620) publishes USD 2.25 per side, FP Markets (AFSL 286354) USD 3.00 with a 0.11-pip Raw average, and IC Markets (AFSL 335692) a 0.01-pip average plus USD 3.50.
- Low fees are more than commission: check deposit and withdrawal charges, minimums and swaps too.
Fees are where ASIC-licensed brokers compete hardest, and the gaps at the top are small. Here are the published numbers side by side, with the reasons we still put Pepperstone first.
Why Pepperstone leads our ASIC list
Pepperstone is not the cheapest on every line, and we show where others undercut it. It leads because its low trading costs come with the fewest catches: Pepperstone Group Limited (AFSL 414530) asks $10 to open, charges nothing for deposits or withdrawals on its Australian table, has no inactivity fee, and offers its Razor pricing on five platforms. On cTrader, its EUR/USD round trip is the lowest averaged figure in our table.
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EUR/USD round trip at ASIC-licensed brokers
One standard lot at $10 a pip, opened and closed. Competitor figures come from each broker's main site; terms for its Australian entity can differ. 'From' figures are minimums, not averages, so we can't cost them fairly.
| Broker (ASIC licence) | Published EUR/USD spread | Commission per side | One-lot round trip |
|---|---|---|---|
| Pepperstone Razor, cTrader (AFSL 414530) | 0.1 pips average | USD 3.00 | $7.00 |
| Pepperstone Razor, MT5 or TradingView | 0.1 pips average | USD 3.50 | $8.00 |
| IC Markets Raw Spread (AFSL 335692) | 0.01 pips average | USD 3.50 | $7.10 |
| FP Markets Raw (AFSL 286354) | 0.11 pips average | USD 3.00 | $7.10 |
| Fusion Markets Zero (AFSL 385620) | No EUR/USD figure published | USD 2.25 | $4.50 plus spread |
| Vantage Raw ECN (AFSL 428901) | From 0.0 (minimum) | USD 3.00 | $6.00 plus spread |
| Capital.com (AFSL 513393) | No fixed figure published | Not applicable | Not comparable |
Fees beyond the spread at Pepperstone
- Deposits and withdrawals: all methods on the Australian table are free, from PayID and BPAY to PayPal and cards.
- No inactivity or account-keeping fee.
- Index CFDs: no commission; AUS200 averages 1.5 points and US500 0.4.
- Share CFDs: 0.07% per side on ASX names and $0.02 per share on US names, with no minimums.
- Standard account: no commission, EUR/USD at 1.1 pips on average.
So why not just pick the lowest commission?
Because the cheapest line item rarely makes the cheapest account. Fusion Markets publishes the lowest commission in our data but no EUR/USD spread figure, so its total can't be checked. FP Markets asks a $100 minimum and Vantage $50, against Pepperstone's $10. Pepperstone also adds cTrader, TradingView and its own app on the same pricing, AUD and five other base currencies, and perpetual CFDs that none of the others publish.
Sources
Published pricing from each broker.
Which ASIC broker has the lowest commission?
Of those we track, Fusion Markets, at USD 2.25 per side on its Zero account.
Does Pepperstone charge for withdrawals in Australia?
No. Every withdrawal method on its Australian table is listed as free.
Is the Standard account cheaper for small trades?
Per lot, Razor is cheaper ($8 against $11 on EUR/USD on MT5). Standard's appeal is a single all-in price, not a lower one.
Leveraged products such as CFDs carry a high risk of rapid losses and are complex to understand. Consider whether you can afford that risk. This article is for information only and is not personal financial or investment advice.