CFD trading is a form of financial trading that has grown exponentially over two decades. It allows investors to trade on an asset without owning it, which can be risky given the volatility and price fluctuations between the actual asset and the contract.
The risk can also be a great way to boost your success rate as a trader.
CFDs are great for those who want leverage as they provide access to assets without paying for them upfront or guarantee ownership rights by depositing funds to hold them. If you’ve been wondering about what CFD broker Australia are out there, read on as we list some of the best ones available today:
Rakuten Securities Australia
Rakuten Securities is an Australia-based forex and CFD broker that was founded in 1999.
It is a safe brokerage regulated by the top-tier Australian Securities and Investments Commission (ASIC). It has a sound and long track record and a strong parent company.
Offering educational content and webinars along with a user-friendly interface and high-quality customer support, Sharekhan has a good reputation for a reason. It also requires a reasonable minimum deposit and provides access to assets from many providers.
CMC markets are one of the cheapest brokers in the industry, allowing traders to gain exposure at low prices while providing high liquidity and an excellent platform for those looking for more advanced options. Their popularity makes them easy to use, though they have some cons, such as not having very attractive withdrawal or deposit rates and not offering intense market analysis tools.
IG is a reputable broker with high liquidity and some of the lowest margins in the industry. They have offerings from all significant forex providers, which can be helpful for those who want access to a large number of assets at once, but note that IG does have higher spreads than other brokers.
Saxo Bank has high maximum leverage, many assets available and access to an easy-to-use web platform. They also offer deep market analysis tools that can be very helpful for beginner traders, and the mobile trading platform is very responsive, which can be very helpful if you want to trade on the go. However, their deposit rates are relatively high compared to other brokers on this list.
CMC markets are one of the cheapest brokers in the industry, allowing traders to gain exposure at low prices while providing high liquidity and an excellent platform for those looking for more advanced options. Their popularity makes them easy to use, though they have some cons, such as not having very attractive withdrawal or deposit rates and not offering profound market analysis tools.
Pepperstone includes an easy-to-use platform and tight spreads on popular currency pairs. In addition, you get access to education and webinars and a wide range of assets from many providers.
True ECN Pro
True ECN Pro offers tight spreads and trading conditions perfect for professional traders looking to maximise returns at all costs, but note that the minimum deposit amount is exceptionally high relative to most other brokers on this list. In addition, they do not provide many of the features that other brokers on this list do, such as education, webinars and customer support services.
FIBO Group offers live account management, low spreads, and access to many assets from multiple providers. Their advanced mobile trading platform is also very user-friendly, which can be very helpful for those with busy schedules.
First Capital has tight spreads, access to multiple providers and a range of trading options. While they offer deep market analysis tools for beginner traders, their minimum deposit amount is relatively high compared to other brokers on this list. The lack of education and webinars may be off-putting.
City Index Australia
City Index provides an MT4 platform that allows you to trade CFDs in 26 different base currencies and access a large number of assets from almost every provider, which can be very helpful if you want exposure across many different markets at once. They also allow you to trade on leverage up to 1:400, which is much higher than most other brokers on this list and note that they do not offer much in the way of education or webinars.