what is the best trading platform in australia
Verdict
- Pepperstone is our best trading platform in Australia: it is ASIC-licensed (AFSL 414530) and lets you trade on its own web platform and app, MT5, MT4, TradingView and cTrader from one account.
- Pepperstone's published costs are low: Razor averages 0.1 pips on EUR/USD plus AUD 3.50 per side on MT5; Standard averages 1.1 pips with no commission; the minimum deposit is $10.
- Within Pepperstone, the best platform depends on you: cTrader for the lowest FX commission, MT5 for expert advisors on either account, TradingView for charting, the Pepperstone app for simplicity.
- Capital.com (AFSL 513393) is our second choice, with its own web platform and app plus MT4, MT5 and TradingView.
In Australia, "trading platform" usually means two things at once: the company holding your money and the software you trade on. Our answer to the first is Pepperstone; for the second, Pepperstone gives you five options on the same account, so you can change software without changing broker.
Why Pepperstone is our pick in Australia
Pepperstone Group Limited is licensed by ASIC (AFSL 414530) and headquartered at 727 Collins Street, Melbourne. Its Australian accounts cover 93 FX pairs, 26 indices, 1,162 share CFDs, 95 ETF CFDs, 40 commodities and 31 crypto CFDs (March 2025 data). Funding is local and free: PayID, BPAY, cards, Apple Pay, Google Pay and PayPal from $10, or a domestic bank transfer. Retail clients get negative balance protection and segregated client money. The limits: no guaranteed stop-loss, and no named compensation scheme for Australian clients.
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Pepperstone's platforms and who each suits
| Platform | Accounts | Best for | Razor FX commission |
|---|---|---|---|
| Pepperstone web/app | Standard, Razor | Beginners and phone trading | USD 3.50 per side |
| MT5 | Standard, Razor | Expert advisors, multi-asset | AUD 3.50 per side |
| cTrader | Standard, Razor | Lowest-cost FX, C# automation | USD 3.00 per side |
| MT4 | Razor only | Existing MT4 EAs | AUD 7 per lot at opening |
| TradingView | Razor only | Chart-led traders | USD 3.50 per side |
Pick by the way you trade
- New to trading: Standard account on the Pepperstone app. No commission, EUR/USD 1.1 pips average, and a simpler screen.
- Active forex trader: Razor on cTrader, about $7 per standard lot round turn on EUR/USD at the published average.
- Automated trader: Razor or Standard on MT5, with Pepperstone's free VPS if you qualify as an eligible or Pro client.
- Chart-first trader: Razor on TradingView.
- Share CFD trader: any platform; ASX share CFDs cost 0.07% per side, US shares US$0.02 per share.
Our second choice: Capital.com
Capital Com Australia Pty Ltd holds AFSL 513393. Capital.com offers its own web platform and app, MT4, MT5 and TradingView, with a $20 minimum deposit and the same ASIC retail leverage caps (30:1 on major FX, 2:1 on crypto). It does not list cTrader. Its EUR/USD pricing isn't in our verified data, so compare it in the platform.
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Sources
Is Pepperstone an Australian company?
Pepperstone Group Limited is registered in Australia (ACN 147 055 703), licensed by ASIC and based in Melbourne.
What is the minimum deposit at Pepperstone in Australia?
$10.
Which Pepperstone platform is cheapest?
On Razor, cTrader: USD 3.00 per side on FX, against USD 3.50 on MT5, TradingView and Pepperstone's own platform.
Does Pepperstone offer a guaranteed stop-loss in Australia?
No. Its Australian PDS lists no guaranteed stop; Capital.com publishes one on its help centre.
Whichever platform you use, CFDs are leveraged and carry a high risk of losing money quickly. This ranking is based on broker-published terms and is not personal financial advice. Read the PDS and TMD before you trade.