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RegulatorsBrokers by Market Signal

Online trading platforms in Australia

Who can legally serve Australia residents, and how they rank. Rankings use the licensed entity each broker would open your account with. Local regulators: ASIC.

Forex brokers

Full ranking (16) →
  1. 1IG logoIG4.2/5
  2. 2OANDA logoOANDA3.5/5
  3. 3FP Markets logoFP Markets4.4/5

CFD brokers

Full ranking (18) →
  1. 1IG logoIG4.2/5
  2. 2eToro logoeToro3.8/5
  3. 3OANDA logoOANDA3.5/5

Stock brokers & investing apps

Full ranking (8) →
  1. 1moomoo logomoomoo3.8/5
  2. 2IG logoIG4.1/5
  3. 3Webull logoWebull4.5/5

Crypto exchanges

Full ranking (7) →
  1. 1Coinbase logoCoinbase4.1/5
  2. 2Crypto.com logoCrypto.com4.0/5
  3. 3Kraken logoKraken3.8/5

Rules in Australia

Quoted from the regulators. Coinish only links to providers whose entity is allowed to serve Australia residents.

Forex

Local licence required

Providers need an Australian financial services (AFS) licence. ASIC's CFD product intervention order limits retail leverage and runs to 23 May 2027.

Regulator sources (3)
  • “If you want to run a financial services business, you generally need to be authorised under an AFS licence”

    asic.gov.au · Oct 5, 2026

  • “ASIC’s order reduces CFD leverage available to retail clients”

    asic.gov.au · Oct 5, 2026

  • “for a further five years to 23 May 2027”

    asic.gov.au · Oct 5, 2026

CFDs

Local licence required

Providers need an Australian financial services (AFS) licence. ASIC's CFD product intervention order limits retail leverage and runs to 23 May 2027.

Regulator sources (3)
  • “If you want to run a financial services business, you generally need to be authorised under an AFS licence”

    asic.gov.au · Oct 5, 2026

  • “ASIC’s order reduces CFD leverage available to retail clients”

    asic.gov.au · Oct 5, 2026

  • “for a further five years to 23 May 2027”

    asic.gov.au · Oct 5, 2026

Stocks & ETFs

Local licence required

Brokers need an Australian financial services (AFS) licence.

Regulator sources (1)
  • “If you want to run a financial services business, you generally need to be authorised under an AFS licence”

    asic.gov.au · Oct 5, 2026

Crypto

Allowed

Crypto exchanges serving Australians must be registered with AUSTRAC (an anti-money-laundering registration, not an AFS licence).

Regulator sources (1)
  • “It is an offence to provide digital currency exchange services without being registered with AUSTRAC”

    austrac.gov.au · Oct 5, 2026