There are lots of brokers and platforms out there for you to choose from. I try to list the best ones to use in Australia right here on this website.
We are compensated for referring clients to some of the listed trading providers.
FP Markets is a very well-liked trading provider according to its reviews. They offer a wide range of trading platforms and up to 500x leverage.
There is a wide range of tradable instruments at FP Markets. This includes a range of forex pairs, CFDs for more than 10,000 shares, CFDs for commodities, and more.
You can trade CFDs with leverage for 4 of the most popular cryptocurrencies at FP Markets. These are Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Hopefully, they will add more soon.
I believe this is the best CFD broker for trading CFDs for Australian shares. At the time of writing this, there are over 2,800 CFDs for different shares listed on the Australian Securities Exchange.
Demo: Try trading with a demo account free of risk.
Risk warning: Derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors.
Visit FP MarketsCMC Markets offers a trading platform with access to 10,000 financial instruments you can trade with up to 30x leverage.
This includes over 300 currency pairs, popular cryptocurrencies like Bitcoin and Ethereum, over 9,000 shares (including 1,000 ETFs), a selection of commodities, and more.
Demo: Try trading with a demo account free of risk.
Risk warning: 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
Visit CMC MarketsWith the Plus500AU trading platform, you can trade over 2,000 CFD instruments on stocks, indices, currencies, commodities, and crypto. They've got CFDs for all of the most popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, Stellar, Bitcoin Cash, and Cardano.
The leverage in each category of CFD instruments on the Plus500 platform is as it follows:
Demo: Try trading with a demo account free of risk.
Risk warning: 77% 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.
Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.
Visit Plus500AVATrade offers trading of cryptocurrencies, ETFs, commodities, and stocks as CFDs. You can also trade forex here.
There are 11 different cryptos to trade here, including the most popular ones like Bitcoin and Ethereum. They offer up to 2x leverage on Bitcoin, 10x on commodities, and 5x on stocks.
Demo: Try trading with a demo account free of risk.
Risk warning: 72% of retail investor accounts lose money when trading CFDs with this provider.
Visit AVATradeStormgain is a popular crypto trading platform according to its website traffic statistics. You can use it to trade the 50 most popular cryptocurrencies. According to them, they also offer the highest leverage on the market. Up to 200x for Bitcoin.
The list of cryptos that you can trade here includes the top names you would expect like Cardano, Stellar, Litecoin, Ethereum, Bitcoin Cash, and many more.
Besides offering crypto pairs with the stablecoin, Tether, you can also trade crypto to crypto pairs like Ethereum/Bitcoin and Litecoin/Bitcoin on this platform.
Demo: Try trading with a demo account free of risk.
Visit StormgainBinance is by far the largest crypto spot and derivate trading platform, according to CoinMarketCap. Binance is also, according to Alexa website traffic rank, one of the most popular crypto websites overall. If not the most popular of them all.
Binance offers a wide range of crypto-related products. This includes crypto trading products with and without margin and lots of derivates like futures and vanilla options.
You can trade 350 cryptos with Binance, in addition to 150 derivates.
Review score: Rated 2.0 out of 5.0 on Trustpilot. 26% 4 and 5-star reviews. 72% 1 and 2-star reviews.
Visit BinanceBitMEX claims to offer Bitcoin's most advanced trading platform. BitMEX is also one of the first and only platforms to have a fully KYC'd customer base. You can trade with up to 100:1 leverage for Bitcoin here.
This crypto trading platform is really popular and has a 24H volume of over 2.4B at the time of writing this.
Some of the top cryptocurrencies you can trade here include Bitcoin, Aave, Cardano, Bitcoin Cash, Dogecoin, Polkadot, Ethereum, Filecoin, Chainlink, and Litecoin.
Demo: Try trading with a demo account free of risk.
Review score: Rated 2.7 out of 5.0 on Trustpilot. 26% 4 and 5-star reviews. 69% 1 and 2-star reviews.
Visit BitMEXIG claims to be the world's leading CFD provider. They very well might be. I can at least let you know that they are one of the most popular ones according to website traffic statistics by Alexa.
With IG you can trade over 17,000 markets. This includes forex, indices, cryptocurrencies, shares, and commodities.
As I write this, they offer trading of 6 different cryptos: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, and NEO.
Demo: Try trading with a demo account free of risk.
Risk warning: 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Visit IGSaxo Bank offers CFD trading for over 9,000 instruments. You can trade stocks, indices, forex, commodities, options, and bonds.
You can also trade cryptocurrency with Saxo Bank. They offer two different products. One is called Crypto FX which allows traders to take advantage of short-term volatility. And then there is an unleveraged instrument called Crypto ETPs for long-term investing.
Demo: Try trading with a demo account free of risk.
Risk warning: 70% of retail investor accounts lose money when trading CFDs with this provider.
Visit Saxo Bank