Clarytrade
ScanBroker DatabaseEntity CheckCompareEvidence Log

Free tools

Trading simulatorWeekly practice challengeWebsite and clone checkWithdrawal checklistBroker watchlist

24 brokers indexed · commission weighted 0%

Scan broker
24 brokers indexedcommission weighted 0%
Australia

Forex & CFD brokers in Australia

Compare costs, account features and the legal entity for Australian clients. Confirm your eligibility before applying.

MT5 brokers in Australia: what to compare

IC Markets, Pepperstone and Vantage describe MT5 accounts on their Australian websites. The platform name alone does not tell you the legal company, account price or currency. These are three documented examples, listed alphabetically, rather than a ranking or a complete market list.

IC Markets

International Capital Markets Pty Ltd

Account choices
MT5 Standard and Raw Spread
Pricing distinction
The account overview separates Standard spread-based forex pricing from Raw Spread with commission. Compare the spread and complete opening-and-closing commission in your account currency.
Before comparing a quote
Use the MT5 quote for your account. The Australian pricing page separates MetaTrader pricing from cTrader/TradingView, and labels its detailed currency table MT4.

Official Australian sources

IC Markets research →

Pepperstone

Pepperstone Group Limited

Account choices
MT5 Standard and Razor
Pricing distinction
Standard uses spread-based forex pricing; Razor adds commission on margin FX and spot gold. Share CFDs have their own commissions, including on Standard. Overnight funding is separate.
Before comparing a quote
AUD and USD are among the listed account currencies. Pepperstone says MT4/MT5 commission depends on account currency and lot size; compare the same currency and trade size.

Official Australian sources

Pepperstone research →

Vantage

Vantage Global Prime Pty Ltd

Account choices
MT5 RAW Classic and RAW Premium
Pricing distinction
RAW Premium is a conditional upgrade from RAW Classic on MT4 or MT5. It has recent trade-count and trading-volume requirements, plus ongoing eligibility criteria.
Before comparing a quote
Compare the tier you can actually access. A Premium rate does not establish your new account's price. Confirm the commission currency, instrument and overnight charges on your offered account.

Official Australian sources

Vantage research →

Match the account before you install MT5

Check the company on the application against the Australian disclosure documents and regulator record. Then match the account tier, currency, commission basis and overnight charges. Use the trading-account number and server supplied in the official client portal, checking whether they belong to a live or demo account.

Compare IC Markets and Pepperstone costs →MT5 account setup and register checks →

Broker documentation read . Company names here identify the Australian sites reviewed; confirm the company on your own agreement. Platform availability does not confirm application acceptance. See the research profiles for licence evidence.

Compare 17 brokers

Ranked by Clarity Score
11 via locally authorised entities1 via offshore entities5 entities not yet mapped
Pepperstone logo
#1Pepperstone

Tier-1 regulated raw-spread broker with excellent platform choice.

0
Match
Higher riskHigh regulation

Why this fits: Locally authorised entity: Pepperstone Group Limited (ASIC 414530) · Max leverage: 30:1

Real cost
$····
Withdrawal
Same–next day
Min deposit
$10

Costs and charges may vary depending on the jurisdiction

Trading CFDs and margin FX is risky. It isn't suitable for everyone and if you are a professional client, you could lose substantially more than your initial investment.
Checking availability…
Review
IC Markets logo
#2IC Markets

High-volume raw-spread ECN broker popular with scalpers and EAs.

0
Match
Higher riskHigh regulation

Why this fits: Locally authorised entity: International Capital Markets Pty Ltd (ASIC 335692) · Max leverage: 30:1

Real cost
$····
Withdrawal
Same–next day
Min deposit
$200
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Review
IG logo
#3IG

The FTSE-100 original — 17,000+ markets since 1974; entity and products vary sharply by country.

0
Match
Medium riskHigh regulation

Why this fits: Locally authorised entity: IG Australia Pty Ltd (ASIC 515106) · Max leverage: 30:1

Real cost
$$$··
Withdrawal
1–3 daysMethod-dependent
Min deposit
$250
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
View research profile
Review
ThinkMarkets logo
#4ThinkMarkets

Established multi-regulated broker with its own ThinkTrader platform.

0
Match
Higher riskHigh regulation

Why this fits: Locally authorised entity: TF Global Markets (Aust) Pty Ltd (ASIC 424700) · Max leverage: 30:1

Real cost
$$···
Withdrawal
1–2 days
Min deposit
$0
75% of retail investor accounts lose money when trading CFDs with this provider.
Checking availability…
Review
Vantage Markets logo
#5Vantage Markets

ECN broker with a polished app and broad multi-asset CFD range.

0
Match
Higher riskConfirm the contracting company

Why this fits: Locally authorised entity: Vantage Global Prime Pty Ltd (ASIC 428901) · Max leverage: 30:1

Real cost
$$···
Withdrawal
Same–next day
Min deposit
$50
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Review
Tickmill logo
#6Tickmill

Low-cost multi-entity broker favoured by scalpers and EAs; licences and protection vary by country.

0
Match
Higher riskMedium regulation

Why this fits: Offshore entity only: Tickmill Ltd (FSA) — outside ASIC's rules · Max leverage there: 1000:1 (offshore entity)

Real cost
$····
Withdrawal
Same–next day
Min deposit
$100
74% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Checking availability…
Review
FXTM logo
#7FXTM

Beginner-friendly, well-regulated broker with strong African presence.

0
Match
Higher riskMedium regulation

Why this fits: Country coverage recorded for Australian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)

Real cost
$$$··
Withdrawal
Same–next day
Min deposit
$10
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Review
Blueberry Markets logo
#8Blueberry Markets

Australian ASIC-regulated raw-spread broker known for fast support.

0
Match
Higher riskMedium regulation

Why this fits: Locally authorised entity: Blueberry Australia Pty Ltd (ASIC 535887) · Max leverage: 30:1

Real cost
$····
Withdrawal
Same–next day
Min deposit
$100
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Review
Fusion Markets logo
#9Fusion Markets

Low-cost broker with $4.50 round-turn commission and no minimum deposit.

0
Match
Higher riskMedium regulation

Why this fits: Locally authorised entity: FMGP Trading Group Pty Ltd (ASIC 385620) · Max leverage: 30:1

Real cost
$····
Withdrawal
<1 hrBroker-stated
Min deposit
$0
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Review
Eightcap logo
#10Eightcap

ASIC/FCA/CySEC-regulated CFD broker with native TradingView, MT4 and MT5.

0
Match
Higher riskMedium regulation

Why this fits: Locally authorised entity: Eightcap Pty Ltd (ASIC 391441) · Max leverage: 30:1

Real cost
$$···
Withdrawal
1–2 daysSame-day cut-off
Min deposit
$100
71.90% of retail investor accounts lose money when trading CFDs with Eightcap EU Ltd.
Checking availability…
Review
Axi logo
#11Axi

Multi-entity CFD broker with MT4/MT5 and fee-focused account tiers.

0
Match
Higher riskMedium regulation

Why this fits: Locally authorised entity: AxiCorp Financial Services Pty Ltd (ASIC 318232) · Max leverage: 30:1

Real cost
$$···
Withdrawal
1–3 daysBank transfers
Min deposit
$0
66.36% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Checking availability…
Review
XM logo
#12XM

Large retail broker with low minimums, micro accounts and heavy education.

0
Match
Higher riskMedium regulation

Why this fits: Locally authorised entity: Trading.com Markets Pty Ltd (ASIC 443670) · Max leverage: 30:1

Real cost
$$$··
Withdrawal
1–2 days
Min deposit
$5
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Review
StarTrader logo
#13StarTrader

Multi-asset broker with raw-spread pricing and copy trading.

0
Match
Higher riskLow regulation

Why this fits: Locally authorised entity: STARTRADER Prime Global Pty Ltd (ASIC 421210) · Max leverage: 30:1

Real cost
$$···
Withdrawal
≤24 hrs
Min deposit
$50
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Review
LiteFinance logo
#14LiteFinance

Offshore broker with low-cost ECN pricing and social trading.

0
Match
Higher riskLow regulation

Why this fits: Country coverage recorded for Australian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)

Real cost
$$···
Withdrawal
≤24 hrs
Min deposit
$50
81% of retail investor accounts lose money when trading CFDs with this provider.
Checking availability…
Review
ActivTrades logo
#15ActivTrades

ActivTrader, MetaTrader and TradingView, with separate UK and EU account terms.

0
Match
Higher riskUK/EU entities; account-specific terms

Why this fits: Country coverage recorded for Australian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: — (entity unverified)

Real cost
$$$··
Withdrawal
1 business dayProcessing; broker-stated
Min deposit
Check country terms
UK and EU entitiesUntil 31 October 2026: 69%-72% of retail investor accounts lose money when trading CFDs with this provider.From 1 November 2026: 70%-73% of retail investor accounts lose money when trading CFDs with this provider.
Checking availability…
Review
HYCM logo
#16HYCM

Fixed, Classic and Raw accounts; the legal company matters before the price.

0
Match
Higher riskEntity-specific oversight

Why this fits: Country coverage recorded for Australian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)

Real cost
$$···
Withdrawal
3–7 daysArrival · broker-stated
Min deposit
$20
CFDs carry a high risk of losing money rapidly due to leverage. HYCM's international agreement names a Costa Rica company; the UK and Dubai authorisations do not apply to every HYCM account. Check the company on your agreement before depositing.
Checking availability…
Review
InstaForex logo
#17InstaForex

International account choices, MetaTrader platforms and entity-specific terms.

0
Match
Higher riskEntity-specific oversight

Why this fits: Country coverage recorded for Australian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: Confirm account terms (entity unverified)

Real cost
$$$··
Withdrawal
Method dependent
Min deposit
From USD1
Risk disclosure: All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
Checking availability…
Review

We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.

Before opening a trading account in Australia

Match the Australian company

Check the legal company on the application against the ASIC evidence below. A brand's Australian licence does not mean every account with that brand is opened through its Australian company.

Confirm retail account terms

Read the product disclosure and account terms offered to you. Compare the entity, platform and trading costs together; an international website may describe a different account.

Price an AUD funding route

Check AUD account availability, funding-method charges and conversion into the account's base currency. Ask how withdrawals return to your nominated account.

Start with these mapped entities

The first 3 non-offshore mappings in our existing ranking, including research-only brokers. These mappings do not guarantee that an application will be accepted.

Pepperstone account research →

Pepperstone Group Limited · ASIC

Confirmed mapping in our evidence; recheck your agreement.

IC Markets account research →

International Capital Markets Pty Ltd · ASIC

Confirmed mapping in our evidence; recheck your agreement.

IG account research →

IG Australia Pty Ltd · ASIC

Likely mapping; confirm the company before applying.

Research link only; no Clarytrade referral available for this market.

First-account comparison →Standard versus raw pricing →Documents and verification explained →

Regulator

ASIC

Trading is legal and ASIC regulates firms serving Australian retail clients. Verify the firm's AFSL.

Leverage rules

ASIC caps retail CFD leverage at 30:1 and requires negative-balance protection, in line with tier-1 standards.

Common deposit methods

Card, PayID / Osko bank transfer, POLi

Risk warning. CFDs and leveraged products are complex and high-risk. In the broker disclosures we track, 65% to 81% of retail investor accounts lose money trading CFDs (figures by entity, read September 2026). Whether losses can exceed your deposit depends on the entity that onboards you: negative-balance protection is mandatory for retail clients under FCA, ESMA and ASIC rules, not at every offshore entity. Only trade with money you can afford to lose.

The account landscape in Australia

Our country coverage records include 17 of the 24 platforms for Australian clients. This is a research shortlist, not confirmation of account acceptance. We've recorded possible entity mappings for 12: 11 map to a locally authorised entity (tier 1–2), 11 of them tier-1, while 1 map to an offshore (tier-3) entity, whose leverage, compensation and complaint terms need a separate check. Confirm the company named on your own application and agreement. The table below lists 11 register-checked licence numbers so you can verify each firm yourself (ASIC). On the numbers, the lowest all-in cost option here is Pepperstone, and the highest leverage through a locally authorised entity is 30:1 (Pepperstone). Offshore entities advertise more — up to 1000:1 at Tickmill — but that leverage comes without the local regulator's protections.

Register-checked

Which legal entity onboards a Australian client

The brand you see isn't always the entity on your client agreement. These are possible entity mappings for Australian clients, with licence details to verify on the official register. 1 records map to an offshore entity; confirm that company's terms and whether it accepts your application.

Pepperstone logoPepperstone
Pepperstone Group Limited
Australia
ASIC · Tier 1
Licence 414530 · verified on register
No compensation scheme
IC Markets logoIC Markets
International Capital Markets Pty Ltd
Australia
ASIC · Tier 1
Licence 335692 · verified on register
No compensation scheme
IG logoIG
IG Australia Pty Ltd(likely — confirm at signup)
Australia
ASIC · Tier 1
Licence 515106 · verified on register · register
Protection varies — verify
ThinkMarkets logoThinkMarkets
TF Global Markets (Aust) Pty Ltd
Australia
ASIC · Tier 1
Licence 424700 · verified on register
No compensation scheme
Vantage Markets logoVantage Markets
Vantage Global Prime Pty Ltd
Australia
ASIC · Tier 1
Licence 428901 · verified on register
No compensation scheme
Tickmill logoTickmill
Tickmill Ltd(likely — confirm at signup)
Seychelles · offshore route — outside ASIC's rules
FSA · Tier 3 · offshore
Protection varies — verify
Blueberry Markets logoBlueberry Markets
Blueberry Australia Pty Ltd
Australia
ASIC · Tier 1
Licence 535887 · verified on register
No compensation scheme
Fusion Markets logoFusion Markets
FMGP Trading Group Pty Ltd(likely — confirm at signup)
Australia
ASIC · Tier 1
Licence 385620 · verified on register
Protection varies — verify
Eightcap logoEightcap
Eightcap Pty Ltd
Australia
ASIC · Tier 1
Licence 391441 · verified on register
No compensation scheme
Axi logoAxi
AxiCorp Financial Services Pty Ltd(likely — confirm at signup)
Australia
ASIC · Tier 1
Licence 318232 · verified on register
Protection varies — verify
XM logoXM
Trading.com Markets Pty Ltd(likely — confirm at signup)
Australia
ASIC · Tier 1
Licence 443670 · verified on register
Protection varies — verify
StarTrader logoStarTrader
STARTRADER Prime Global Pty Ltd
Australia
ASIC · Tier 1
Licence 421210 · verified on register · register
Protection varies — verify

Entity mapping from our register checks — shown to illustrate how the onboarding entity shifts by country. A verified licence proves the entity holds that authorisation; it does not prove the entity onboards retail clients here, which is a separate check and is why rows marked “likely” stay unconfirmed. Yours may differ; always confirm the legal entity on the signup screen and the official register before depositing. Informational only, not financial advice.

Real costs

Trading costs for Australian traders

Lowest all-in cost on our scan: Pepperstone. Indicative figures — verify the live schedule before funding.

PlatformAll-in costSpread fromCommissionMin depositWithdrawalMax leverage (by route)
Pepperstone$····0 pips$7/lot$10Same–next day30:1
IC Markets$····0 pips$7/lot$200Same–next day30:1
Tickmill$····0 pips$6/lot$100Same–next day1000:1 (offshore entity)
Blueberry Markets$····0 pips$7/lot$100Same–next day30:1
Fusion Markets$····0 pips$4.5/lot$0<1 hrBroker-stated30:1
ThinkMarkets$$···0 pips$7/lot$01–2 days30:1
Vantage Markets$$···0 pips$6/lot$50Same–next day30:1
Eightcap$$···0 pips$7/lot$1001–2 daysSame-day cut-off30:1
Axi$$···0 pips$7/lot$01–3 daysBank transfers30:1
StarTrader$$···0 pips$6/lot$50≤24 hrs30:1
LiteFinance$$···0 pips$5/lot$50≤24 hrs1000:1 (entity unverified)
HYCM$$···0.1 pips$4/lot$203–7 daysArrival · broker-stated500:1 (entity unverified)
FXTM$$$··0.1 pips$4/lot$10Same–next day1000:1 (entity unverified)
IG$$$··0.6 pips—$2501–3 daysMethod-dependent30:1
XM$$$··1.6 pips—$51–2 days30:1
ActivTrades$$$··—Check account quoteCheck country terms1 business dayProcessing; broker-stated— (entity unverified)
InstaForex$$$··—Check account quoteFrom USD1Method dependentConfirm account terms (entity unverified)
FAQ

Trading in Australia — questions

Which legal entity could onboard a Australian client?

11 broker records map Australian clients to a locally authorised entity (ASIC). 1 record maps Australian residents to an offshore (tier-3) entity. This does not establish local authorisation or application acceptance; check that entity's leverage, compensation and complaint terms. For 5 we have not yet mapped the onboarding entity. Local oversight is ASIC. Always confirm the entity named on your client agreement and its licence on the official register before depositing.

Which platform has the lowest cost in Australia?

Among the 17 platforms in our country records for Australian traders, Pepperstone has the lowest all-in cost on our scan (spreads from 0 pips, $7/lot commission, $10 minimum). Costs change with account type and instrument — verify the live schedule before funding.

What leverage can I use in Australia?

ASIC caps retail CFD leverage at 30:1 and requires negative-balance protection, in line with tier-1 standards. Through a locally authorised entity, the highest leverage among these brokers is 30:1 (Pepperstone). 1 broker record maps Australian residents to an offshore entity, where up to 1000:1 is advertised (Tickmill). This is not a confirmed offer for your account; check the contracting entity's terms. Higher leverage increases both potential gains and losses.

How does Clarytrade pick these platforms?

We rank by our published 8-criteria method, filter using our country coverage records, and show possible legal entities for Australian clients. Mappings and licences do not confirm application acceptance. Affiliate commission is weighted at 0%.

Other markets

Browse by country

the United KingdomIrelandGermanyFranceSpainItalythe NetherlandsBelgiumAustriaPortugalPolandSwedenDenmarkFinlandNorwaySwitzerlandGreeceCzechiaRomaniaHungaryLithuaniaLatviaEstoniaBulgariaCroatiaCyprusLuxembourgMaltaSlovakiaSloveniathe United Arab EmiratesSouth AfricaNigeriaKenyaNew ZealandSingaporeMalaysiaIndiaJapanBrazilMexico