Australia 2023 Top 5 CFD trading platforms

Because CFDs are leveraged, you could lose more than what you initially invested. By going long or short you can benefit from both rising and falling stock or commodity prices. CFDs are used to speculate on the price movements of commodities markets such as gold, silver and oil. Please be aware that there are significant risks involved with trading, so do not underestimate them. The Returns – Last but not least, one of the most attractive features about CFDs are their ability to result in a return.
With Plus500 you can jump right into the deep end of CFD trading. The ability to spot trends and speculate about what may happen in the near future is a trade that comes with time, a level that many investors will eventually get to. Which trading platform and indeed forex trading australia which is the best trading platform for CFDs will depend on a number of different variables depending on your situation. Using the MQL5 language you can create your own algorithmic trading application or robot, which operates using your strategy automatically.

SaxoBank’s platform provides access to stock, bonds, commodities, futures, ETFs, CFDs, options, and foreign currency pairs. The platform advertises that it offers more than 140 different forwards and more than 182 spot  forex pairs. Corporate and trust accounts require a minimum deposit of USD$1,200 and USD$2,000. Stock and ETF trades pay a 0.25% fee per trade while bonds pay a higher 0.30% fee. Trade commissions on options, futures, and foreign currency trades vary depending on the location of the client. For an added layer of security and peace of mind, their company discloses their financials and is listed on a stock exchange.
Before you jump into trading CFDs, there are a few things that you should consider, including the risks. Investors like the idea of higher-risk accounts, as more risk typically comes with more opportunities to make a profit. Then, it’s time to decide whether you want to go long or short. Long investments usually bank on the idea that, over time, the value of the asset will increase. On the contrary, the short term takes the other route and sells the market based on speculation that the value is going to fall.
Some of the underlying assets that you can trade CFDs on include Australian and international shares, indices, commodities, foreign exchange and treasuries. The industry-leading CFD trading platforms like eToro's platform have everything built right into them and can be used on both desktop and mobile platforms. Another very important tool you want in your broker is the ability to use a CFD demo or virtual trading account. A demo or virtual account lets you practice on the CFD trading platform without risking any real money. This type of account also lets you practice your trading strategies before going into a live account.

In addition to shares, indices, forex and metals CFDs, clients can trade in futures, options, stocks and ETFs, all from a single account and the same trading window. GO Markets also provides traders with a range of advanced trading tools, such as real-time charts and technical analysis, as well as an intuitive and user-friendly interface. Pepperstone is one of the best CFD trading platforms in Australia and offers traders a comprehensive suite of CFD trading services.
We however do not cover every online broker or trading platform available in the market. Every attempt is made to ensure information published is correct and up to date, however no guarantee or warranty is given as to its accuracy or reliability. When clicking on an "Open Live Account" button, you will have an opportunity to review the product's terms & conditions on the provider or brokers web site. Direct market access allows you to trade live price changes on whichever market you choose to trade. However, it does limit the instruments available to trade to just stocks and indices.

Overall, they are not one of the top forex brokers because they do not have their own app. They are a low-risk trader though that you can access on MetaTrader and cTrader. Because opening your account comes with the need to fund it and withdraw from it, we check out the payment options. While many platforms offer debit and credit cards, we like to find those that offer other alternative forms of payment, including e-wallets. Popular e-wallets like PayPal and Skrill offer instant deposits and withdrawals, two things you’ll surely want when investing. For that reason, we look for platforms that come with access to real-time data.
And now, let's see the best CFD brokers for Australians one  by one, starting with the winner, eToro. If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics.

As the popularity of CFD trading continues to grow in Australia, so does the number of CFD brokers. However, with negative balance protection, you can never lose more than your account value. Read about therisks of CFDsand how to combat them in ourrisk-management guide, such as using stop-loss orders. Investing in CMC Markets derivative products carries significant risks and is not suitable for all investors. You do not own, or have any interest in, the underlying assets. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
Most successful CFD traders are vastly experienced operators with well-formed strategies that have been honed over a number of years. It’s smart to conduct plenty of research and analysis before entering the world of online CFD trading. Access commodity trading online via the desktop, web-based or mobile version of the MT4, MT5 and TickTrader trading platforms. Brokers listed operate on direct market access, market maker , or a combination of both, online broker models. Trading CFDs should only be undertaken by experienced traders who understand how to manage risk, and have a thorough understanding of the financial markets and how they work. Trading CFDs, you don’t own the asset itself, just a contract based on the price of the underlying asset.