Best broker for crypto CFDs in Australia
Verdict
- Pepperstone is our best broker for crypto CFDs in Australia: ASIC-regulated (AFSL 414530), no commission on crypto, and published average spreads of 15.15 on BTCUSD and 2.01 on ETHUSD on its Razor account.
- Pepperstone's ASIC margin table lists 44 crypto CFDs against the US dollar, plus bitcoin and ether priced in AUD, EUR and GBP.
- Capital.com is our second choice: it is ASIC-regulated through Capital Com Australia Pty Ltd (AFSL 513393), has a $20 minimum deposit and caps retail crypto leverage at 2:1.
- Under ASIC rules, retail crypto CFD leverage is 1:2 at both brokers, so a $10,000 position ties up $5,000 of margin.
For Australians who want to trade bitcoin and altcoins without holding the coins, we rank Pepperstone first and Capital.com second. Both are ASIC-licensed; Pepperstone wins on published pricing and range, while Capital.com is a reasonable second account if you prefer its web platform.
Our pick: Pepperstone
Pepperstone publishes its crypto pricing for Australian clients. On Razor, BTCUSD has a minimum spread of 10 and an average of 15.15; on Standard, 15 and 20.15. ETHUSD averages 2.01 on Razor and 2.51 on Standard. Neither account charges commission on crypto, so Razor is simply the cheaper of the two for crypto. The range runs from bitcoin and ether to SOL, XRP, ADA, DOGE, LINK, AVAX, SUI, TON and newer listings such as HYPE and RENDER. You can fund in AUD by PayID, BPAY or card from $10, or deposit crypto (minimum $18). Limit: like every ASIC broker, Pepperstone caps retail crypto leverage at 1:2.
Affiliate link — we may earn a commission at no extra cost to you.
Pepperstone vs Capital.com for Australian crypto traders
| Pepperstone | Capital.com | |
|---|---|---|
| ASIC entity | Pepperstone Group Limited, AFSL 414530 | Capital Com Australia Pty Ltd, AFSL 513393 |
| Retail crypto leverage | 1:2 | 2:1 |
| Published BTCUSD spread | Razor 15.15 avg; Standard 20.15 avg | Not in our verified data |
| Commission on crypto | None | Not in our verified data |
| Minimum deposit | $10 | $20 |
| Platforms | Pepperstone web/app, MT5, MT4 and TradingView (Razor), cTrader | Web platform, app, MT4, MT5, TradingView |
Affiliate link — we may earn a commission at no extra cost to you.
Where Pepperstone falls short
- No guaranteed stop-loss: Pepperstone's Australian PDS lists none, so a stop on a fast-moving coin can fill at a worse price.
- Only BTC and ETH are priced in AUD; every other coin is quoted in US dollars.
- No compensation scheme is named for Australian clients; money is held in segregated accounts under the Corporations Act.
Five checks before you open a crypto CFD account
- Confirm the AFSL number of the company named on your account.
- Find the coins you want in the broker's current list.
- Compare average spreads, not minimums.
- Check the overnight financing rate on each coin in your platform.
- Make sure retail negative balance protection applies.
Sources
Is crypto CFD trading legal in Australia?
Yes. ASIC-licensed providers can offer crypto CFDs to retail clients, with leverage capped at 2:1.
Which coins can I trade at Pepperstone in Australia?
Its ASIC margin table lists 44 coins against the US dollar, including BTC, ETH, SOL, XRP, ADA and DOGE, plus BTC and ETH in AUD, EUR and GBP.
Is Razor or Standard better for crypto at Pepperstone?
Razor. Neither account charges commission on crypto, and Razor's average spreads are lower: 15.15 vs 20.15 on BTCUSD.
Crypto CFDs are high-risk, leveraged products and crypto prices can swing sharply in minutes; you can lose your money fast. This is not financial advice. Read each provider's PDS and TMD first.