8 Best Trading Platforms in Australia (2026): Compare Fees, Features & Brokers

#1 – Mitrade

Overview

Mitrade offers Australian users access to multiple financial asset classes and markets through financial derivatives called Contracts for Difference (CFDs).

This provider developed a highly user-friendly proprietary platform that features powerful technical indicators, a real-time news feed, an economic calendar, and other advanced tools that give traders an edge.

What Can I Trade?

Mitrade only supports trading via CFDs. Contracts for difference (CFDs) allow speculators to open long or short positions and use significant leverage to boost the size of their trades. They track the price of the underlying asset but settle based on the price difference between the purchase price and the closing price.

These are the instruments available to be traded via Mitrade’s CFDs:

Fees & Commissions

Mitrade makes money via bid/ask spreads, which is the difference between the buying and selling price of a specific asset. They also collect overnight trading fees for holding positions opened for more than one trading session.

For example, Tesla (TSLA) stock carries a bid/spread of around $0.75 at the time of writing.

Pros & Cons

Pros

• Highly regulated global trading platform.

• Access to hundreds of different financial instruments.

• Mitrade offers access to high-end trading interfaces, including top-notch mobile, web, and desktop platforms.

• Low minimum deposit required to open an account.

• Competitive bid/ask spreads and fast execution.

Cons

#2 – IC Markets

Overview

IC Markets is a native Australian trading platform, offering access to over 2,250 financial instruments that can be traded via contracts for difference (CFDs).

This provider’s robust footprint and expertise in the local market make it one of the top choices for seasoned traders who lean toward using MetaTrade or cTrader instead of proprietary trading platforms.

What Can I Trade?

With IC markets, traders get full access to international markets and a wide range of asset classes, including the following:

• 61 forex pairs.

• Over 20 commodities.

• More than 1,700 stocks listed in top exchanges, including the ASX, NYSE, and Nasdaq.

• 25 equity indexes

• A selected group of bonds, futures contracts, and cryptocurrencies.

Fees & Commissions

IC Markets typically embeds its commission in the bid/ask spread of each instrument listed in its platform. For reference, the EURUSD bid/ask spread with this provider ranges from 0.01 to 0.08 pips.

However, this provider also offers multiple types of accounts, like the Raw Spread, Standard, and cTrader Raw Spread, with distinctive pricing systems.

Pros & Cons

Pros

• Australian trading platform offering access to the global markets via CFDs.

• IC Markets supports MT4, MT5, and cTrader.

• It allows users to link their IC Markets account with TradingView to trade instantly from within this popular technical analysis platform.

• A minimum deposit of just $200 is required to open an account.

• Straightforward pricing schedule that only varies depending on the platform used by each trader.

Cons

#3 – Fusion Markets

Overview

Fusion Markets is a Seychelles-based trading platform with a license to operate lawfully in Australian soil, offering access to multiple financial instruments via contracts for difference (CFDs).

This broker supports various trading platforms and systems, including TradingView webhooks, MT4, MT5, cTrader, and a proprietary copy trading interface called Fusion+.

What Can I Trade?

Through their Zero and Classic accounts, Fusion Markets users are allowed to trade more than 250 different financial instruments, including the following:

• Forex (over 90 different pairs, including traditional and exotic ones).

• Commodities (gold, silver, copper, and multiple energy products).

• Equity indexes (15 instruments covering the U.S., Asian, Australian, and European markets primarily).

• Cryptocurrencies (BTC, ETH, DOGE, LTC, and more).

• U.S. stocks (more than 110 U.S.-listed stocks supported).

Fees & Commissions

The Zero account offers spreads starting at 0 for a selected number of instruments and a flat commission per trade of $4.50. It is designed primarily for active traders with previous experience.

Meanwhile, the Classic account offers bid/ask spreads starting at 0.9 pips and zero commissions to make it easier for beginners to understand the cost of trading different instruments.

Pros & Cons

Pros

• Regulated broker with years of experience serving the Australian market.

• Ample portfolio of CFDs available for trading, including forex, commodities, cryptocurrencies, indexes, and U.S. stocks.

• Fusion Markets supports trading via four different platforms (TradingView, MT4, MT5, and cTrader).

• Interesting copy trading program through its proprietary Fusion+ platform.

• Zero deposit and withdrawal fees. Low minimums of $10 required per method.

• Human assistance for new users and troubleshooting.

Cons

#4 – Trade Nation

Overview

Trade Nation is a UK-based trading platform operating under a license issued by the Australian Securities & Investment Commission (ASIC). In 2025, it received the Best FX / CFD Broker in the UK Award from TradingView.

This CFD broker has been around since 2014, offering access to the international markets to thousands of customers through its proprietary trading interface, TN Trader. In addition, this provider supports MT4 and TradingView, along with a proprietary copy trading system called TradeCopier.

What Can I Trade?

Trade Nation supports trading for more than 1,000 different contracts for difference (CFDs) covering a wide range of assets, including:

• Forex – 35 pairs in total, including majors and minors.

• Indexes – 40+ indexes available covering the U.S., European, Asian, and Australian markets.

• Commodities – long list of traditional and exotic commodities starting with Aluminum and all the way down to Zinc.

• Stocks – wide range of equity instruments listed in top markets like the U.S., the United Kingdom, South Africa, Australia, and more.

• Cryptocurrencies – four digital assets supported (BTC, ETH, LTC, and ADA).

Fees & Commissions

Trade Nation makes money via embedded bid/ask spreads. These spreads could be fixed or variable, depending on the instrument. The spread on EURUSD trades with this CFD broker sits at 0.5 pips.

The TN Trader and TradingView accounts charge fixed spreads on all forex, indexes, commodities, and bonds.

Overnight fees also apply for positions held for more than one trading session.

Pros & Cons

Pros

• Robust CFD trading platform with a positive track record in the Australian markets.

• Decent portfolio of available trading instruments, including an extensive list of global stocks.

• Trade Nation supports multiple external trading platforms (MT4 and TradingView) and a proprietary one called TN Trader.

• Competitive trading costs.

• Extensive knowledge base with hundreds of educational articles for beginners.

Cons

#5 – eToro

Overview

eToro is a global trading platform with a strong edge in the copy trading segment. It offers access to more than 10,000 different financial instruments and supports CFD trading plus direct purchases for a selected number of assets.

This provider offers access to the international markets for both beginner and seasoned traders via a proprietary trading platform. To date, it serves over 40 million users based in 75 different countries.

What Can I Trade?

eToro’s trading solution offers access to almost every instrument users can think of, either via contracts for difference (CFDs) or direct purchases. Its list of supported assets includes:

• Hundreds of global stocks and exchange-traded funds (ETFs) listed in dozens of countries.

• 86 cryptocurrencies.

• 23 equity indexes (including the AUS200, SP500, and DJIA30).

• 984 exchange-traded funds (ETFs).

• 39 commodities (gold, silver, oil, natural gas, and more).

• 62 forex pairs.

• Options.

Fees & Commissions

eToro embeds its trading commission in the bid/ask spread of the different financial instruments available on its trading platform.

For CFDs, which are the primary instrument used for active trading, the spreads start at 0.15% for stocks and ETFs, and go up to 1% for crypto. For forex, commodities, indexes, and other assets, the spreads vary per instrument.

Overnight fees also apply for positions held for longer than one trading session. This is a financing cost that varies depending on market conditions, position size, and other factors.

Pros & Cons

Pros

• Global trading platform catering to over 40 million users and a positive footprint in the Australian market.

• Hundreds of instruments can be traded with this broker via CFDs, including stocks, indexes, forex, commodities, cryptocurrencies, and more.

• eToro requires a small minimum deposit of AUD $50 to open an account.

• Zero deposit or withdrawal fees are charged for most payment methods.

• Robust proprietary trading platform featuring a top-notch copy trading hub.

• Transparent percentage-based bid/ask spreads for stock, ETF, and crypto trades.

Cons

#6 – CMC Markets

Overview

CMC Markets is a trading platform with more than 25 years of positive track record, and it is a publicly listed U.K.-based company serving over 1 million customers worldwide.

They first launched their platform in Australia in 2002 and have established a solid footprint in this market since then, offering direct share purchases and CFD trading via its proprietary platform and external systems like MT4 and TradingView.

What Can I Trade?

CMC Markets currently offers access to the following CFDs:

• 330 forex pairs.

• 80 cash and forward global indexes (including the AUS200 and US500).

• 100 commodities, including precious metals, energy, food, and more.

• 10,000 global shares and round-the-clock trading for more than 250 U.S. stocks.

• 40 cryptocurrencies.

Fees & Commissions

Like most CFD brokers, CMC Markets charges an embedded bid/ask spread and overnight fees. With this provider, the minimum EURUSD spread is 0.50, while its margin rate sits at 3.34%

For indexes like the US500, the spread starts at 0.50, while Bitcoin’s minimum spread sits at 0.50.

Pros & Cons

Pros

• Highly regulated CFD trading platform with years of experience serving customers in top-notch jurisdictions.

• Extensive portfolio of available assets to trade, including a decent list of forex pairs and cryptocurrencies.

• Straightforward and transparent pricing.

• Proprietary trading platform featuring advanced mobile and desktop interfaces and support for third-party systems like MT4 and TradingView.

• A premium account called CMC Alpha is available for high-volume traders, offering access to lower spreads and fees.

• This provider requires no minimum deposit to open an account.

Cons

#7 – Pepperstone

Overview

Pepperstone has been around for around 16 years, currently serving more than 800,000 traders across the globe. The firm reportedly processes over AUD $1 trillion in monthly trades and has global offices in 10 different countries, including Australia.

This CFD broker holds a license to operate lawfully in the country and offers access to hundreds of different financial instruments through its proprietary trading platform and third-party software, including MetaTrader 4, MetaTrader 5, and cTrader.

What Can I Trade?

With Pepperstone, traders can operate with the following financial instruments:

• 11 Commodities (metals, energy, and soft)

• 40+ Forex pairs (major, exotics, and crosses)

• 22 Indexes (American, European, and EMEA)

• 500+ Stocks and Exchange-traded funds (ETFs) (Australian, American, European)

• 13 Cryptocurrencies (BTC, ETH, ADA, SOL, XRP, and more)

Fees & Commissions

Pepperstone charges percentage-based fees ranging from 0.10% to 0.20% for most CFDs on the Standard account and a flat fee of $3.50 per lot, per side when trading margin forex CFDs on its Razor accounts.

This provider also charges overnight trading fees for positions held for more than one trading session. They do not charge any fees on deposits or withdrawals.

Pros & Cons

Pros

• Highly regulated CFD broker with more than 16 years of positive track record.

• Ample portfolio of available CFDs covering Australian and international assets.

• Flat trading fee or straightforward percentage-based commissions, depending on the account the trader chooses.

• Pepperstone does not require a minimum deposit to open or activate an account.

• This broker offers both a proprietary platform and supports third-party systems like MT4, MT5, and cTrader.

• Extensive library of educational materials, including articles and videos.

Cons

#8 – Vantage Markets

Overview

Vantage is an award-winning CFD trading platform based in Australia that currently serves more than 5 million customers. This broker caters to seasoned traders by offering robust technical analysis tools and automated trading systems like its Forex VPS.

Its platform gained global visibility after signing a sponsorship deal with the Ferrari F1 Team. It offers access to the global markets via its proprietary mobile app and web-based platforms, while it also supports trading through third-party systems like MetaTrader and TradingView.

What Can I Trade?

Vantage Markets offers access to a wide range of trading instruments via contracts for difference (CFDs), including the following:

• 50+ forex pairs.

• 35+ equity indexes.

• 23 commodities (precious metals, soft, and energy).

• Hundreds of shares and exchange-traded funds (ETFs) (Australian, U.S., EMEA).

• 7 bonds.

Fees & Commissions

Vantage Markets charges either a fixed or percentage-based commission, or embeds its fees in each instrument’s bid/ask spread, depending on the account that the user chooses to open.

This provider offers four different account types at the time: Pro, Raw, Standard, and Swap Free.

Its commissions per a single lot typically start at $6 for a round turn for USD-based accounts. Meanwhile, trading fees are the following, per trade, per lot:

Pros & Cons

Pros

• Australian CFD trading platform with expertise and knowledge of the local markets.

• Ample portfolio of available trading instruments.

• Low minimum deposit of $50 required to open an account.

• Multiple base currencies supported.

• Top-notch services for brokers, high-volume operators, and algorithmic traders.

• Advanced proprietary platform and support for third-party systems.

Cons