The Best Brokers In Australia

Australia is one of the top 15 economies in the world. It is a dynamic country with great potential for the domestic financial market. Therefore, the number of traders and brokerage companies in Australia increases every year. The most popular financial products among brokers in this country are CFD trading on stocks, currency pairs, indices, commodities, and precious metals. We have analyzed the trading conditions of the most popular Australian brokers. These will help you choose the best partner for trading.

How To Choose The Best Broker In Australia

It is necessary to determine the critical criteria for deciding on a brokerage company for trading. Pay attention to the following factors:

  • Availability of a confirmed license from the national Australian regulator ASIC (Australian Securities and Investments Commission)
  • Trade through terminals MetaTrader or QUIK
  • Wide range of financial instruments
  • Minimum deposit amounts from $100
  • No access to binary options and other prohibited financial instruments
  • Broker has been around for 1-3 years
  • Good reputation and positive reviews
  • Multilingual support service

Analyze the trading conditions of several brokers in Australia. First, identify a few companies that meet the criteria from the list above. Then compare spreads and swaps, the number of financial instruments, and other measures to choose the best broker in Australia.

We’ve prepared for you a comparison of the top ten companies, including market leaders and successful financial corporations. Be assured of safe and reliable trading with one of the best brokers in Australia. 

Top 5 Brokers In Australia

Fair Markets

Fair Markets is the best broker in Australia that meets all the criteria and desires of traders. We ensured that FairMarkets Trading Pty Ltd has an active license AFS 424122 ACN 159166739 from the Australian national regulator ASIC. This means that the broker works legally and honestly. In addition, this company has a very large selection of financial instruments for trading (200+). It is possible to make CFD deals in several popular trading terminals, including Metatrader 4, Metatrader 5, and WebTrader. In other words, you can trade anywhere directly from your computer or smartphone. 

You can open a Fair Markets account even with a small deposit. If you have no experience, the company’s website has many tutorials and articles on technical analysis and trading in general. This is useful for those just getting into the subject of financial markets and CFDs.

We recommend Fair Markets for beginners and experienced traders. First, open an account in just a few minutes with simplified verification. Then, you will be able to trade shares, indices, currency pairs, precious metals, and other assets on the price difference with spreads from 0 pips. No slippage or requotes. 

Pepperstone

Pepperstone is one of the largest forex brokers globally, which operates in Australia and is licensed by the regulator ASIC. The peculiarity of this broker is the access to more than 1200 financial instruments. Most of them are shares of international companies traded on the most extensive economic exchanges in the world (NASDAQ, NYSE, and others). 

You can open an account with Pepperstone in just a few minutes. You will need to verify your profile to do so. However, this is not difficult for residents of Australia. On average, verification takes a few hours. After that, you can fund your account by any available method via Neteller, Skrill, PayPal, and Poli.

Pepperstone is headquartered in Melbourne. Most of the traders are registered from Australia. Therefore, you can count on the loyal support service and quick response of the managers.

FP Markets

First Prudential Markets is an Australian brokerage company founded in 2005. Currently, this company has more than 1,000,000 clients from Australia and other countries of the world. The company successfully operates in financial markets and provides access to CFD assets of different classes (currencies, commodities, cryptocurrencies, stocks, and others). 

Over the past few years, the broker has received many prestigious awards. The company has no problems with late payments of deposits. Hundreds of traders write reviews and reviews about low spreads, absence of requotes and slippages, minimal swaps, and other favorable trading conditions. ASIC monitors the situation and guarantees the broker’s compliance with the law and financial requirements. 

The company offers clients mobile and desktop trading terminals from anywhere in the world.

IG

IG is a British broker who is part of a large financial group. At the moment, the company also operates in Australia, where it has more than 100,000 clients. They are experienced and beginning traders who daily trade CFDs on shares, commodities, currencies, and other financial instruments. You can be sure of compliance with all trading conditions as IG has several licenses from regulators. One of them is the license from ASIC (Australian national financial regulator). There are no restrictions for Australian traders. Account opening takes just a few minutes. 

IG broker features stable spreads, 24/7 support, and other benefits. 

What Is The Best Broker In Australia?

In Australia, more than 50 brokerage companies provide access to CFD trading. However, many of them do not have favorable trading conditions. We have analyzed the largest brokers and compared the top 3 companies. Fair Markets turned out to be the leader with the lowest commissions and a large selection of financial instruments. However, the other brokers in our article also have good conditions for trading stocks, currencies, commodities, and other assets for the difference.

Presently, Fair Markets is offering more favorable order execution conditions for its clients. For instance, you can open trades with a volume of 0.01 lots with a minimum spread of 0 pips. But, unfortunately, it is possible only at some companies, Fair Markets. 

Conclusion

CFD trading is becoming increasingly popular among residents of Australia. It is a good opportunity to invest money in financial markets and get a stable income. Of course, you will need certain analysis skills for this. But it is just as important to choose the best broker. So decide on one of the best brokers in Australia to increase your chances of financial success. 

About the Author: AKDSEO

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