Best ASIC regulated CFD brokers in Australia
Verdict
- Pepperstone is our best ASIC-regulated CFD broker in Australia: AFSL 414530, Razor EUR/USD at 0.1 pips average, MT4, MT5, cTrader and TradingView, PayID and BPAY from $10.
- Capital.com (AFSL 513393) is second, mainly for its guaranteed stop-loss and its own web platform and app.
- IC Markets (AFSL 335692) publishes the lowest raw EUR/USD average we hold, 0.01 pips; FP Markets (AFSL 286354) adds the Iress platform.
- IG, CMC Markets, eToro, Plus500, Vantage, Fusion Markets, OANDA and FOREX.com also hold Australian licences.
Plenty of CFD brokers advertise to Australians; fewer hold an Australian Financial Services Licence for the company that opens your account. Every broker below does. We rank the top two and then give each other licensed firm a one-line case, using only what the brokers publish.
1. Pepperstone: best overall
Pepperstone Group Limited holds AFSL 414530 and is headquartered on Collins Street, Melbourne. Costs are published as averages: Razor EUR/USD at 0.1 pips plus AUD 3.50 per side on MT5 in an AUD account (USD 3.00 per side on cTrader in a USD account), Standard at 1.1 pips with no commission, AUS200 at 1.5 points and Australian share CFDs at 0.07% per side. Razor runs on MT4, MT5, cTrader, TradingView and Pepperstone's own platform. Funding is local and free: PayID, BPAY, cards and bank transfer from $10. Its weak spots are honest ones to state: no guaranteed stop-loss and no named compensation scheme.
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2. Capital.com: best for guaranteed stops
Capital Com Australia Pty Ltd holds AFSL 513393. It offers a guaranteed stop-loss, which Pepperstone does not, plus its own web platform and app alongside MT4, MT5 and TradingView. Retail leverage follows the ASIC limits (30:1 on major FX, 2:1 on crypto) and the minimum deposit is 20 in USD, EUR or GBP. It shows live spreads only, so we can't rank it on a published EUR/USD average.
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Other ASIC-licensed CFD brokers
| Broker | AFSL | What stands out in its published terms |
|---|---|---|
| IC Markets | 335692 | Raw Spread EUR/USD 0.01 pips average + $3.50/side (global price table) |
| FP Markets | 286354 | Raw EUR/USD 0.11 average + $3/side; Iress among its platforms |
| CMC Markets | 238054 | Own Next Generation platform; FX Active from 0.0 pips (UK page) |
| IG | 515106 | Wide platform list on its UK site, including ProRealTime and L2 Dealer |
| eToro | 491139 | Own social platform; EUR/USD from 1 pip |
| Plus500 | 417727 | Own platform only; publishes an inactivity fee |
| Vantage | 428901 | Raw ECN from 0.0 + $3/side; ASIC 30:1 on majors |
| Fusion Markets | 385620 | Zero account $2.25/side; licence for Australian clients only |
| OANDA | 412981 | OANDA Trade platform plus MT5 and TradingView |
| FOREX.com (StoneX) | 345646 | Web Trader, app, MT4 and TradingView; cityindex.com/en-au now redirects here |
How we ranked them
On that basis Pepperstone leads on the combination; IC Markets would lead on the raw spread alone, and Capital.com on stop-loss certainty.
- Licence: the Australian company must hold its own AFSL.
- Published costs: averages count for more than 'from' figures.
- Platform choice and local funding: PayID, BPAY and AUD accounts score well.
- Disclosed limits: brokers that state what they don't offer earn trust.
Sources
Licence and pricing pages published by the brokers.
Which ASIC broker has the lowest EUR/USD spread?
IC Markets publishes the lowest raw average we hold, 0.01 pips. All-in per lot, Pepperstone Razor on cTrader costs about the same or slightly less, at around $7.00.
Is Saxo still an ASIC broker?
Saxo's former Australian company is now Totality Wealth Limited, AFSL 280372, so check who you would actually contract with.
Do all these brokers offer MetaTrader?
No. Plus500 and eToro use their own platforms only, according to their sites. Pepperstone, IC Markets, FP Markets, Vantage and Fusion Markets all offer MT4 and MT5.
Trading CFDs and margin FX is high risk: leverage can wipe out your money quickly, and losses can build faster than you expect. This page is not financial advice and does not consider your circumstances; check each broker's current PDS, TMD and fee pages before opening an account.