Can I trade Solana as a CFD in Australia?
Verdict
- Yes. Solana is listed against the US dollar on Pepperstone's ASIC tiered-margin table (September 2026), so Australians can trade it as a CFD with Pepperstone, our top pick.
- Leverage on Solana CFDs is 1:2 at Pepperstone for both retail and professional clients; only bitcoin and ether get higher pro leverage (1:10).
- Pepperstone charges no commission on crypto CFDs; it publishes average spreads for BTCUSD and ETHUSD but not for SOLUSD, so check the live spread in the platform.
- Solana is quoted only in US dollars at Pepperstone, so an AUD account converts profit and loss from USD.
Yes, and you don't need a Solana wallet or a crypto exchange account. Pepperstone, regulated by ASIC under AFSL 414530, includes SOL on its Australian crypto CFD list. Here is what is different about trading an altcoin like Solana compared with bitcoin.
Solana CFDs at Pepperstone
Pepperstone Group Limited's ASIC tiered-margin table lists SOL against the US dollar alongside 43 other coins. You can trade it long or short from the Pepperstone web platform or app, MT5 or cTrader on either account, and MT4 or TradingView on Razor. There is no commission on crypto CFDs, retail clients get negative balance protection, and the account opens from $10.
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Altcoin vs bitcoin terms at Pepperstone
| SOL/USD | BTC/USD | |
|---|---|---|
| Retail leverage | 1:2 | 1:2 |
| Professional leverage | 1:2 (other crypto) | 1:10 |
| Published average spread (Razor) | Not published; check the platform | 15.15 |
| Quote currencies | USD only | USD, AUD, EUR, GBP |
| Commission | None | None |
Sizing a Solana position
At 1:2, margin is half the position value. A $4,000 Solana position needs $2,000 of margin, whether you are a retail or professional client. Altcoin prices can swing hard, so keep spare margin in the account and decide your exit before entering. Pepperstone's tiered-margin table can raise the margin rate on larger positions, and its stop-losses are not guaranteed.
Other altcoins on the same list
If Solana is one of several coins you follow, Pepperstone's ASIC table also includes ADA, AVAX, DOT, LINK, XRP, DOGE, SUI, APT, TON, INJ, NEAR, HBAR and others, all against the US dollar and all at 1:2. Capital.com (ASIC, AFSL 513393) is our second choice for Australian crypto traders, though we haven't verified whether it lists Solana.
Sources
Can I trade Solana in AUD?
Not directly at Pepperstone: SOL is quoted against the US dollar. Only BTC and ETH have AUD pairs.
Can I short Solana with a CFD?
Yes. Selling SOLUSD opens a short position that gains if Solana falls.
Do professional clients get more leverage on Solana?
No. Pepperstone's Australian table sets other crypto at 1:2 for both retail and professional clients.
Altcoin CFDs such as Solana are leveraged and can be even more volatile than bitcoin; you can lose money quickly. Not investment advice. Read Pepperstone's PDS and TMD before trading.