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Best Australia Trading Brokers

The Best Australian BrokersAustralia is a country that does not go unaffected by the rapid development of trading, and some even describe it as a trading powerhouse because some of the biggest and most established brokers seek to enter its market. This is so as Australia’s regulatory climate is market-friendly, which encourages more and more brokers to eye it.

Although trading is tightly regulated in the country, the laws and regulations in place are not oppressive, and traders are offered access to a diverse range of instruments, leverage, and some of the most favorable trading conditions.

The number of brokers that accept traders from the jurisdiction increases by the minute, and as a result, traders might feel overwhelmed when the time comes to pick a brokerage that accommodates Aussie traders.

This article is created for traders who find it challenging to pick a platform that meets all their trading needs and requirements or simply do not know where to start with their search. Because of this, we have created a list of ten of the best brokers regulated and authorized by the ASIC. Additionally, we have provided in-depth information about the regulations traders need to be aware of before they dive into these activities.
RegulatorAustralian Securities and Investments Commission
Maximum Leverage of Forex30:1
Maximum Leverage of Stocks5:1
Maximum Leverage of CFDs20:1

The Best Australia Brokers

The Best Australia BrokersNaturally, all modern investors want to make sure that they will get access to the global markets in a quick and hassle-free manner, and because of this, they tend to invest quite some time while searching for a brokerage that meets all their requirements.

Which Australia-friendly broker traders will settle on depends exclusively on their needs and preferences, and to make things easier for them, we have compiled a list of ten of the most chosen brokerages that accept clients from the country.

While creating the list, we paid attention to the product range, fees, available payment methods, offered platforms, regulations, and leverage, to name a few.

Trading Regulation in Australia

The Best Australia Brokers
The trading landscape in Australia is constantly evolving and new trading capabilities are brought in all the time. Trading is a thriving activity in that jurisdiction, but all trading services providers who want to operate legally in the country are subject to rigorous control.

Australia’s legislation states that all brokers that cater to traders from the country need to apply for a license from the ASIC. If traders are not sure whether their broker of choice is authorized to accept Aussie traders, they should check ASIC’s register of regulated brokers.

If a brokerage is found to offer its services to traders from Australia without the needed license, its website will be blocked. This helps ensure greater levels of protection and safety for traders. Because of this, traders are advised to stick to domestically regulated brokers as while using the services of overseas brokerages, they will not be offered the same high levels of protection in case their security is breached.

The Australian Securities and Investments Commission is the integrated corporate, markets, financial services, and consumer credit regulator. It is an independent regulatory body established under the administration of the Australian Securities and Investments Commission Act 2001 that is also known as the ASIC Act.

The Australian Securities and Investments Commission licenses and regulates financial services providers to ensure that they operate fairly, efficiently, and honestly. Additionally, the commission oversees trading on futures markets, derivatives, and equity markets that are domestically licensed.

Under the provisions of the ASIC Act, the regulatory body needs to maintain and constantly improve the performance of the financial system, as well as all entities that are part of it. Additionally, the regulator needs to ensure that investors and consumers can confidently participate in the financial system and are properly informed. The responsibilities of the ASIC also include taking actions to enforce and give effect to the law.

Since 2021, the ASIC has strengthened the protections of Aussie traders by reducing the CFD leverage for retail clients after the Product Intervention Order came into effect. The main purpose of the order is to curb the size and speed at which retail clients incur losses while trading CFDs. Australia decided to follow pace with the United Kingdom and the European Union, where similar decisions to restrict the exposure and sensitivity to the market volatility were also made.

The aim of the introduced restrictions is to limit the retail clients’ CFD losses. The order imposes limits on leverage for retail clients to range between 2:1 and 30:1. The order also makes it a must for brokers to offer negative-balance protection and places a ban on some of the inducements that are typically offered to traders. Thus, traders will no longer be offered rebates, trading credits, or free gifts.

Australian Financial Complaints Authority (AFCA) is one more authority that operates in the country, and its purpose is to provide an independent and fair resolution of financial complaints.

Forex Trading Regulation in Australia

Forex Trading Regulation in AustraliaTrading Forex is legal in Australia, and the number of traders who are in this type of venture is constantly on the rise. The vast majority of brokers that are accessible in Australia allow their clients to dive into Forex trading, which gives traders dozens of options to pick from.

The main purpose of the 20-254MR ASIC Product Intervention Order was to provide greater control over CFD trading and ensure better protections for traders who venture into such activities. The Order described minor and major currency pairs, and when the former is concerned, these consist of any of the following currencies: Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, Swiss franc, or US dollar. Minor currency pairs are the ones in which none of the above-mentioned currencies are included.

In order to work in compliance with the Products Intervention Order of the ASIC, Aussie-friendly brokers are not allowed to offer leverage on major currency pairs that is higher than 30:1. When minor currency pairs are concerned, the maximum leverage brokers are allowed to offer is 20:1.

Stocks Trading Regulation in Australia

Stocks Trading Regulation in AustraliaAlong with international trading, Australians often seek to dive into trading stocks. The providers of credit and financial services, the financial markets, and registered companies, all fall under the oversight of the Australian Securities and Investment Commission (ASIC). The maximum allowed leverage ratio for CFDs referencing shares or other assets is 5:1.

In addition to the restrictions that are posed on the maximum leverage ratios and the availability of various inducements, the Order also states that close-out arrangements need to be used as a circuit breaker in order to close-out one or several CFD positions that might result in the loss of traders’ investment.

The ASIC’s Product Intervention Order also aims at protecting traders against negative account balances. To achieve this, the CFD losses of retail clients need to be limited to the funds they have in the balance of their trading accounts.

CFDs Trading Regulation in Australia

CFDs Trading Regulation in Australia
Traders from that jurisdiction are typically given access to a wide variety of instruments, and Australians can legally participate in trading CFDs.Under the provisions of the Product Intervention Order, CFD products such as index, gold, commodity, stocks, and cryptocurrency, among others, need to carry lower leverage when compared to Forex.

As was the case with Forex trading, the maximum leverage brokers are allowed to offer to their clients who prefer to trade indexes is also determined by the provisions of the 20-254MR ASIC Product Intervention Order. Thus, the CFD leverage offered to retail clients cannot exceed a ratio of 20:1. Yet, these limits only apply to a major stock market index. The maximum leverage ratio for a minor stock market index is 10:1.

The list of major stock market indices includes the CAC 40, DAX, Dow Jones Industrial Average, EURO STOXX 50 Index, FTSE 100, NASDAQ-100 Index, NASDAQ Composite Index, Nikkei Stock Average, S&P 500 and S&P/ASX 200.

Crypto assets CFDs are also covered in the provisions of the order, and the maximum allowed ratio for these is 2:1.

Australia ranks among the countries that recognize trading as a legitimate income-generating activity, and in view of this, traders are required to report their profits that will be subject to tax. Although no specific rules are set for Forex trading, the rules applied are the ones that are set out for stock markets. Traders will only be required to pay taxes if they have made profits within the tax assessment year, and capital gains are taxed at traders’ marginal rate.

The ceiling on the tax rate on investment earnings is 15%, while the ceiling on capital gains is 10%. A capital gains discount will only be available if traders have held the investment for more than 12 months.

Trading Regulation in Australia FAQ

1. Which is the regulatory body that oversees trading activities in Australia?

Regardless of where you are in your investment journey, you should make sure that the broker you have chosen is licensed and regulated by the ASIC. Normally, the information regarding the license of the brokers that are regulated by the authority is readily available on the website of the brokerage. If this is not the case, traders can take a look at ASIC’s database.

2. Can Aussie traders legally venture into trading Forex?

Yes. Traders who live in this jurisdiction can trade Forex without losing sleep that they might breach the law. Before they start trading Forex, however, traders should verify that their broker of choice is authorized to operate in the country. Lastly, Aussie traders should bear in mind that limitations are imposed on the maximum leverage they can benefit from.

3. Do I need to pay taxes on my profits while trading?

Yes. Aussie traders are required to pay taxes on their profits because trading is considered a legitimate income-generating activity. Trading is classified as assessable income for tax purposes, and the maximum tax rate for capital gains is 10%. The maximum tax rate on investment earnings in super is 15%.

4. Which brokers offer the highest leverage to Aussie traders?

Brokers that are authorized and regulated by the ASIC are required to comply with the maximum leverage requirements that are set out in the Products Intervention Order that took into effect on 29 March 2021. According to the provisions of the order, CFD leverage offered to retail clients cannot exceed 30:1 for major currency pairs and 20:1 for minor currency pairs. The maximum leverage ratio for commodities, excluding gold, and a minor stock market index is 10:1. The maximum leverage that can be offered for crypto assets is 2:1, while the upper limit on the leverage offered on shares and other assets is 5:1.

5. Are brokers authorized by the ASIC allowed to offer inducements to their clients?

No. The brokers that are authorized and regulated by the Australian Securities & Investments Commission are not allowed to introduce inducements to their clients as of 29 March 2021, when the Products Intervention Order came into effect. The Order prohibits offering or giving inducements to retail clients like free gifts, rebates, or trading credits.

Funding and Withdrawing from Australia Trading Account

Funding and Withdrawing from Australia Trading AccountIn order to make the trading experience of their clients a breeze in every aspect, most brokers that cater to Australians tend to enable their users to fund their live accounts and cash out their winnings conveniently and easily.

The range of the accepted deposit and withdrawal methods varies between the Aussie-oriented brokerages but typically, traders are allowed to execute their payments through digital wallets, bank transfers, credit, and debit cards. The processing times and whether extra fees are charged depend on the broker traders from the jurisdiction will opt for.

Fortunately for traders, with most brokers, AUD is on the list of the supported base currencies, so they will not be required to pay a conversion fee each time they want to deposit or withdraw funds.

Depositing at Australia Trading Accounts

DepositingCredit and debit cards branded by Mastercard and Visa are among the deposit methods that are available at most, if not all, brokers that accommodate traders from Australia. Digital wallets are also hugely preferred by Aussie traders, and this is to be expected since they are known for their lightning-fast processing times. If we add their cost-efficiency, it is easy to see why they are so immensely popular. Depending on the broker traders will choose to use, they might be allowed to add funds to their accounts via PayPal, Neteller, or Skrill.

POLi is a payment processor that is tailor-made for the needs and requirements of Australians. It is a leading payment processor among traders from the country, and as such, it can be found on the banking pages of a great deal of Australia-facing brokers. Aside from its wide availability, traders prefer to use POLi also because deposits through it are executed in real time, meaning that they can start trading forthwith.

The Australian electronic bill payment BPay is also frequently available on the list of accepted deposit options. While using the payment method, traders can wrap up their payments using their online banking app. Cryptocurrencies might also be included in the list of accepted deposit and cashout methods of some Aussie-friendly brokers.

Just like the range of payment processors traders can use, the deposit minimums and maximums are also broker-specific. With a lot of brokers that welcome traders from the jurisdiction, there is no minimum deposit requirement. With a considerable share of the brokers that accept clients from the country, traders are given the opportunity to deposit as much as they prefer.

While looking for a premium Aussie-friendly broker, traders will see that it is not uncommon for brokerages to offer fee-free deposits. Additionally, when adding funds to their accounts, traders will rarely face any delays, no matter the preferred payment processor. Yet, the only exception are deposits via credit cards.

If this is the first time traders make a deposit using their credit card, they should keep in mind that certain delays might occur because of the security verification. If traders go for an EFT payment, they might need to wait up to three working days until their funds are accessible in their accounts.

Common Deposit Methods Offered by Australia Brokers
Type of MethodUsual Limits per TransactionProcessing TimeframesProcessing Fees
Visa$0 – $50,000/No upper limitInstantFree of charge
Mastercard$0 – $50,000/No upper limitInstantFree of charge
PayPal$0 – $50,000/No upper limitInstantFree of charge
Neteller$0 – $50,000/No upper limitInstantFree of charge
Skrill$0 – $50,000/No upper limitInstantFree of charge
POLi$5- No upper limitInstantFree of charge
BPay$10- No upper limitInstantFree of charge
PayID$10 – No upper limitA few hoursFree of charge
EFTsNo minimum and maximum deposit requirementsUp to 3 daysFree of charge
Bank transfer$50- No upper limitInstantDepends on the broker
Broker-to-Broker Transfer$50-no upper limit3 to 5 business daysSubject to bank transfer fees

Withdrawing from Australia Trading Accounts

WithdrawingAs traders might expect, the range of cashout methods is narrower, when compared to the list of payment processors that can be used when topping up their accounts. Cashouts are usually processed via Visa and Mastercard-branded debit cards or digital wallets like PayPal, Neteller, and Skrill. Traders should bear in mind that, in most cases, the broker will return the preferred amount using the payment processor traders opted for when depositing.

Traders need to be more patient while withdrawing their funds as the processing times for cashouts via debit cards is between three to five days. Digital wallets serve as the most time-efficient payment method because withdrawals requested through PayPal, Neteller, and Skrill will clear within one day at the most. The speed at which cashouts are processed might be further slowed down as all requests are first reviewed and approved by the representatives of the brokerage. Occasionally, this process takes up to two or three days, but some brokers promise to review the requests of their clients within up to one day.

As for the upper limit on cashouts, traders are advised to inspect the terms and conditions section of their broker as while some trading service providers place limits on the amount their clients can withdraw per transaction, others restrict the amount they can withdraw per day.

Even though some brokers allow their clients to make withdrawals when they have open positions, traders should be aware that certain limitations might be in place in order to guarantee the security of their accounts.

One more question traders might be asking is whether they will be allowed to cancel their cashout requests. This only depends on their broker of choice, but usually, if their request is still pending, traders from the jurisdiction might be allowed to cancel it. Yet, if it is already processed, the withdrawal request cannot be canceled.

Common Withdrawal Methods Offered by Australia Brokers
Type of MethodUsual Limits per TransactionProcessing TimeframesProcessing Fees
Visa$0- No upper limit3 to 5 daysFree of charge
Mastercard$0- No upper limit3 to 5 daysFree of charge
Neteller$0- No upper limitUp to one dayFree of charge
Skrill$0- No upper limitUp to one dayFree of charge
PayPal$0- No upper limitUp to one dayFree of charge
EFTs$0- No upper limitUp to 3 daysFree or charge
Same day bank transfers$2,000 minimum withdrawal amountIf requested until 11 am, they are processed the same dayDepends on the broker
Bank transfer$30/$50 – No upper limit2 to 5 business days$15-$30

Australia Trading Platforms

Australia Trading PlatformsThere are a number of factors that might influence the decisions of traders when they are looking for a top-quality Australia-friendly broker. The available tradable instruments, accepted deposit and cashout methods, offered leverage, and the extra fees traders might face are only some of the factors that might make them pick one brokerage over another.

The available trading platforms and tools might also tip the scales in favor of one broker over another. MetaTrader 4 and MetaTrader 5 are two of the most frequently offered trading platforms across the Aussie-friendly brokers. These are far from being the only options, as traders might also be allowed to opt for platforms like DupliTrade and TradingView.

Along with these platforms, some brokers also promote their own platforms that have various advantages. There are a number of Australia-facing brokers that boast proprietary software that is exceptionally user-friendly and normally allows even greater customization.

MT4 and MT5

MetaTrader 4MetaTrader is one of the world’s most commonly used trading platforms which works equally well across desktop and portable devices. MT4 is preferred by traders who are interested in trading Forex and comes with an extensive array of features, including interactive charts, automated trading systems, advanced charting tools, and copy trading. Scripts, algorithmic trading, and custom indicators are also on offer. If traders want to explore the opportunities the platform offers without risking their funds, they can first register for a demo account.

The platform is exceptionally user-friendly and intuitive, and even total novices to trading will be able to navigate it with ease. The platform is designed to work well for seasoned traders and total novices alike, and it is equipped with a wide array of helpful features, including real-time quotes, one-click trading, and news feeds. One more great benefit of MT4 is that it has a built-in programming language called MQL4. This means that Aussie traders can design their own Expert Advisors or tailor existing ones.

The platform makes it possible for traders to gain access to the preferred markets anytime and anywhere after they download and install one of the dedicated apps or while using WebTrader.

MetaTrader 4’s successor MetaTrader 5 might be the perfect choice for modern traders. It is a multi-asset trading platform that makes it possible for Aussie traders to trade Forex, futures, and stocks. Traders from the jurisdiction might pick MT5 over the other trading platforms brokers offer because it enables copy trading and provides superior tools for comprehensive price analysis. Using algorithmic trading applications is also among the opportunities the platform offers.


TradingViewWith some brokers that accept clients from Australia, traders might be allowed to use TradingView. The platform is employed by 50 million users from various parts of the globe and helps them spot opportunities across global markets. The platform comes with a full range of powerful features, and TradingView keeps traders covered no matter if they want to analyze price patterns with lengthy scripts or prefer to look up the most recent stock prices.

The assets traders can gain access to on the platform include bonds, futures, indices, Forex, cryptocurrencies, and stocks, among others. All TradingView offers is findable on desktop and portable devices, and if traders prefer to have the freedom to trade no matter the time or the place, they can get the dedicated apps from the App Store or Google Play.

Aussie traders might want to give the platform a try because it comes with more than 90 intelligent drawing tools, pre-built studies, and tools for in-depth market analysis. With TradingView, traders will get more than 15 customizable chart types and customizable timeframes, including seconds and range bars.


DupliTradeDupliTrade is a user-friendly trading platform that makes it possible to duplicate the actions of experienced traders directly into your account, thus allowing you to maximize your trading opportunities. The platform is suitable for traders of all experience levels, and the lightning-fast execution speed is one of the biggest benefits of employing DupliTrade.

The platform takes traders’ experience to the next level, as it gives traders access to a rich portfolio of successful strategies. It is designed to suit the requirements of traders of all experience levels as the platform is exceptionally easy to use and understand, thus making it a breeze for total novices and seasoned traders to wrap their heads around it.

The strategies on offer are introduced by successful traders who are selected on the basis of their trading record and proven history. It is important to note that not everyone can become a DupliTrade strategy provider, and all accounts displayed on the platform are real ones.

When they access the platform, traders will be presented with a list of the selected strategy providers. The strategies on offer will allow traders to build and improve their portfolios as they represent different trading methods and styles.


cTraderAnother powerful trading terminal traders from Australia might be given access to is cTrader. The multi-asset platform facilitates trading CFDs and Forex. The trading terminal is preferred because it offers level II pricing, lightning-fast entry and execution, rich charting tools, and advanced order types. What makes the platform a perfect choice for total novices is that it boasts an intuitive user interface designed to replicate the institutional trading environment. This is not to say that the platform is unsuitable for seasoned traders as it is designed to balance simple and complex functionality.

Traders can download and install the Forex and CFD platform on portable and desktop devices and enjoy a premium trading experience at all times. The platform gives traders quick and easy access to charting, trading, and technical analysis tools. Additionally, while using the platform, traders can opt for cTrader Copy and cTrader Automate. The latter is a native algorithmic trading feature with powerful backtesting and optimization tools, while the former is a versatile copy trading service.

The platform supports both live and demo accounts, and depending on the broker, traders might be allowed to go for a live account with zero balance directly from cTrader. No matter if traders will opt for a demo or a live account, they will be allowed to decide between netting and hedging trading accounts, which are the two industry-standard account types.

Australia Trading FAQ

1. Do Aussie-friendly brokers allow trading on the go?

Yes. Like the brokers that cater to traders from other jurisdictions, the ones that are geared towards the needs and requirements of traders from Australia are also accessible on the go, either through dedicated apps or through WebTrader.

2. What trading platforms do brokers in Australia offer?

The platforms traders can access only depend on their broker of choice. MetaTrader 4 and MetaTrader 5 are the most frequently offered platforms, but some Aussie-friendly brokers also offer cTrader, TradingView, and DupliTrade, among others.

3. Do I need to pay fees when depositing and withdrawing from the Aussie-friendly brokers?

Most brokers that operate in this jurisdiction do not charge extra fees on deposits and cashouts. Yet, it does not hurt if traders check this in advance as whether additional fees are charged or not is broker-specific. If traders prefer to execute their payments through bank transfer, they need to know that extra fees might be charged.

4. Are there brokers that offer AUD as a base account currency

Yes. The brokers that are authorized by the ASIC offer AUD as a base account currency, meaning that traders will not be required to pay currency conversion fees when making payments to and from their accounts.

5. Do Aussie-friendly brokers offer demo accounts or their clients can only go for live accounts?

Most Australia-oriented brokers allow their users to go for live and demo accounts. If the brokerage offers the option to register for a demo account, traders should check how many virtual credits are there in its balance and how much time do they have until they will be required to go live.