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Best CFD brokers in Australia
18 licensed CFD brokers, ranked on the company that would actually open your account. How we rate
CFDs and margin FX are complex, leveraged products with a high risk of losing money. This is general information only and does not consider your objectives, financial situation or needs. Read the provider's Product Disclosure Statement (PDS) and Target Market Determination (TMD) before deciding.
All 18 CFD brokers
| # | Broker | EUR/USD cost | Instruments | Min. deposit | Coinish Score | Actions |
|---|---|---|---|---|---|---|
| 1 | | 0.6 pips | 17,000+ | Not verified | 78rated 4.2/5 | |
| 2 |  Licensed in Australia · ASIC | Not verified | 10,000+ | Not verified | 73rated 3.8/5 | |
| 3 |  Licensed in Australia · ASIC | 0.6 pips | 1,700+ | Not verified | 71rated 3.5/5 | |
| 4 |  Licensed in Australia · ASIC | Not verified | 5,500+ | Not verified | 71rated 4.4/5 | |
| 5 |  Licensed in Australia · ASIC | 0.6 pips | 10,000+ | A$100 | 70rated 4.4/5 | |
| 6 |  Licensed in Australia · ASIC | 0.5 pips | 12,000+ | Not verified | 70rated 4.1/5 | |
| 7 | Licensed in Australia · ASIC | 0.6 pips | 2,850+ | Not verified | 68rated 4.1/5 | |
| 8 |  Licensed in Australia · ASIC | Not verified | 9,000+ | Not verified | 68rated 3.9/5 | |
| 9 | Licensed in Australia · ASIC | Not verified | 1,000+ | Not verified | 68rated 4.0/5 | |
| 10 |  Licensed in Australia · ASIC | 0.6 pips | Not verified | Not verified | 67rated 3.7/5 | |
| 11 | Licensed in Australia · ASIC | 0.7 pips | 4,000+ | $0 | 67rated 4.0/5 | |
| 12 |  Licensed in Australia · ASIC | Not verified | 1,250+ | $100 | 62rated 3.4/5 | |
| 13 |  Licensed in Australia · ASIC | Not verified | 2,800+ | A$100 | 61rated 3.5/5 | |
| 14 |  Licensed in Australia · ASIC | 0.7 pips | 1,350+ | Not verified | 60rated 3.8/5 | |
| 15 |  Licensed in Australia · ASIC | 0.6 pips | 1,000+ | Not verified | 58rated 4.2/5 | |
| 16 |  Licensed in Australia · ASIC | Not verified | Not verified | A$50 | 57rated 3.1/5 | |
| 17 | 0.45 pips | 250+ | Not verified | 55rated 3.5/5 | ||
| 18 |  Licensed in Australia · ASIC | Not verified | 800+ | Not verified | 46rated 3.3/5 |
Good to know
CFDs rules in Australia
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 in Australia at a glance
- 18 CFD brokers with a verified licence serve residents of Australia: 18 hold a local licence (ASIC).
- Top pick by Coinish Score: IG (78/100, Editor Rating 4.2/5).
- Lowest advertised EUR/USD all-in cost: 0.45 pips (Fusion Markets), across 10 brokers that publish one.
- No minimum deposit: ThinkMarkets.
How this ranking works
Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Australia, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate
CFDs in Australia: what to know
All 18 CFD brokers on this list hold a licence from the Australian Securities and Investments Commission (ASIC) (IG, eToro, OANDA, Capital.com, FP Markets and 13 more).
ASIC's CFD product intervention order limits retail leverage to between 30:1 (major currency pairs) and 2:1.
Advertised all-in EUR/USD costs on this list run from 0.45 pips (Fusion Markets) to 0.7 pips (Pepperstone) across the 10 that publish one.
What to check before you open an account in Australia
- Search the company name on the ASIC register (moneysmart.gov.au).
- Check which company your contract is with. IG, for example, onboards residents of Australia through IG Australia Pty Ltd (ASIC licence 515106), and the name on the account-opening documents should match the list.
Is CFD trading legal in Australia?
Yes, with a licensed provider. Providers need an Australian financial services (AFS) licence. ASIC's CFD product intervention order limits retail leverage and runs to 23 May 2027.
Sources: asic.gov.au, asic.gov.au
What is the best CFD broker in Australia?
By Coinish Score, IG (78/100, Editor Rating 4.2/5), through IG Australia Pty Ltd (ASIC licence 515106). eToro (73) and OANDA (71) follow. The score rates the company that would serve you in Australia, so the same brand can rank differently in another country.
How are CFD gains taxed in Australia?
In most cases the ATO taxes CFD gains as ordinary income. Its ruling TR 2005/15 says a gain is assessable, and a loss deductible, when the trade is part of running a business or a profit-making venture. CFDs taken out as recreational gambling are treated differently. The gain isn't assessable, the loss isn't deductible, and any capital gain or loss is ignored.
ASIC also parted ways with the EU and UK on risk warnings. It decided not to make each provider publish its own figures, such as the share of accounts that lose money. It did ban inducements for retail clients, including trading credits, rebates and free gifts.
Sources: ato.gov.au, asic.gov.au
Coinish provides general information only. Nothing on this site is investment, tax or legal advice.