By Jeffrey Cammack Updated: April 24, 2020

CFD trading allows you to speculate on the rise or fall of prices on various financial markets, such as Forex, stock indices, commodities, shares and treasuries. Unlike buying or selling these assets, CFDs (Contract for Difference) allow traders to speculate on their future value with a small account balance, via leveraged trading. CFD brokers are highly specialised and though they may appear similar to the untrained eye, some really stand out for their excellence.

These are the best broker options in Australia.

By Jeffrey Cammack Updated: April 24, 2020
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  • Broker
    FP Markets

    FP Markets  - Best Overall Broker

    REGULATED BY
    ASIC ASIC
    CySEC CySEC
    Trading Desk Type
    Minimum Deposit
    AUD 100
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    • IRESS
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    • Skrill
    • Neteller
    • Fasapay
    • BPay
    • paytrust88
    • POLi
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard IRESSN/A pips$10 AUD min, then 0.1%STPAUD 1,000 Account Details
    Platinum IRESSN/A pips$9 AUD min, then 0.09%STPAUD 25,000 Account Details
    Premier IRESSN/A pipsNo min, then 0.08%STPAUD 50,000 Account Details
    RAW0.0 pips$3.50STPAUD 100 Account Details
    Standard1.0 pipsNoneSTPAUD 100 Account Details
  • Broker
    Pepperstone

    Pepperstone  - Most Trusted Broker

    REGULATED BY
    FCA FCA
    ASIC ASIC
    Trading Desk Type
    Minimum Deposit
    AUD 100
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    • cTrader
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Energies
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Paypal
    • Unionpay
    • POLi
    • BPay
    AccountSpread FromCommissionExecutionMin. Deposit
    Razor0.0 pipsAUD$ 7ECNUSD 200 Account Details
    Standard1.0 pipsNoneECNUSD 200 Account Details
    Swap-free1.0 pipsNoneECNUSD 200 Account Details
  • Broker
    IG Markets

    IG Markets  - Best Research

    REGULATED BY
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    Trading Desk Type
    Minimum Deposit
    USD 250
    Trading Conditions
    Trading Platforms
    • MT4
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Equities
    • Bonds
    • Interest Rates
    • Digital 100s
    • IPOs
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    AccountSpread FromCommissionExecutionMin. Deposit
    Live Account0.6 pipsNoneInstantUSD 250 Account Details
    Spread Betting0.6 pipsNoneInstantUSD 250 Account Details
  • Broker
    IC Markets

    IC Markets  - Best Trading Platforms

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    Trading Desk Type
    Minimum Deposit
    AUD 200
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    • cTrader
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Bonds
    • Futures
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Unionpay
    AccountSpread FromCommissionExecutionMin. Deposit
    RAW - cTrader0.0 pips$3.00MarketUSD 200 Account Details
    RAW - MetaTrader0.0 pips$3.50MarketUSD 200 Account Details
    Standard - MetaTrader1.0 pipsNoneMarketUSD 200 Account Details
  • Broker
    XM

    XM  - Best Education

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    IFSC IFSC
    Trading Desk Type
    Minimum Deposit
    AUD 5
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    Deposit Methods
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    AccountSpread FromCommissionExecutionMin. Deposit
    Micro1.0 pipsNoneInstantUSD 5 Account Details
    Standard1.0 pipsNoneInstantUSD 5 Account Details
    XM Ultra Low0.6 pipsNoneInstantUSD 50 Account Details
    XM Zero0.6 pips$7.00InstantUSD 100 Account Details
  • Broker
    CityIndex

    CityIndex  - Best Trading Conditions

    REGULATED BY
    FCA FCA
    ASIC ASIC
    MAS MAS
    Trading Desk Type
    Minimum Deposit
    AUD 50
    Trading Conditions
    Trading Platforms
    • MT4
    • ATPro
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Bonds
    • Interest Rates
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard0.5 pipsNoneInstantUSD 200 Account Details
    Premium0.5 pipsNoneInstantUSD 10000 Account Details
    Professional0.5 pipsNoneInstantUSD 500000+ Account Details
  • REGULATED BY
    ASIC ASIC
    FCA FCA
    MAS MAS
    FMA FMA
    Trading Desk Type
    Minimum Deposit
    AUD 5
    Trading Conditions
    Trading Platforms
    • MT4
    • CMCmarkets
    Trading Instruments
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    • BPay
    • POLi
    AccountSpread FromCommissionExecutionMin. Deposit
    CFD Account0.7 pipsNoneInstantUSD 5 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    Trading Desk Type
    Minimum Deposit
    AUD 50
    Trading Conditions
    Trading Platforms
    • etoro
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    Deposit Methods
    • Bank Transfer
    • Skrill
    • Paypal
    AccountSpread FromCommissionExecutionMin. Deposit
    Professional1.0 pipsNoneMarketEUR 200 Account Details
    Standard1.0 pipsNoneMarketUSD 200 Account Details
  • Broker
    REGULATED BY
    FCA FCA
    CySEC CySEC
    FSCA FSCA
    DFSA DFSA
    SCB SCB
    Trading Desk Type
    Minimum Deposit
    AUD 100
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    • cTrader
    • FxProEdge
    Trading Instruments
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Futures
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Unionpay
    AccountSpread FromCommissionExecutionMin. Deposit
    FxPro cTrader0.45 pips$4.50MarketUSD 100 Account Details
    FxPro MT41.2 pipsNoneMarketUSD 100 Account Details
    FxPro MT51.52 pipsNoneMarketUSD 100 Account Details
    Islamic1.2 pipsVariableMarketUSD 100 Account Details
  • REGULATED BY
    CySEC CySEC
    ASIC ASIC
    Trading Desk Type
    Minimum Deposit
    AUD 100
    Trading Conditions
    Trading Platforms
    • MT4
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Metals
    • Vanilla Options
    Deposit Methods
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Astropay
    AccountSpread FromCommissionExecutionMin. Deposit
    Islamic1.9 pipsNoneInstantUSD 100 Account Details
    Standard1.9 pipsNoneInstantUSD 100 Account Details
    Premium1.4 pipsNoneInstantUSD 2000 Account Details
    VIP0.9 pipsNoneInstantUSD 10000 Account Details
    Super VIP1.2 pipsNoneInstantUSD 50000 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    Trading Desk Type
    Minimum Deposit
    USD 50
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    • cTrader
    Trading Instruments
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    Deposit Methods
    • Visa
    • Skrill
    • Neteller
    • Bitcoin
    • Fasapay
    • Bank Transfer
    AccountSpread FromCommissionExecutionMin. Deposit
    cTrader ECN pips$3.00MarketUSD 100 Account Details
    MT4 Micro0.4 pipsNoneMarketUSD 100 Account Details
    MT5 Pro0.2 pipsNoneMarketUSD 500 Account Details
  • REGULATED BY
    ASIC ASIC
    FSCA FSCA
    B.V.I FSC B.V.I FSC
    FSA FSA
    Trading Desk Type
    Minimum Deposit
    AUD 100
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    Deposit Methods
    • POLi
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Bank Transfer
    AccountSpread FromCommissionExecutionMin. Deposit
    Islamic1.2 pipsNoneInstantUSD 100 Account Details
    Professional0.9 pipsNoneInstantUSD 100 Account Details
    Retail0.9 pipsNoneInstantUSD 100 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FCA FCA
    IFSC IFSC
    Trading Desk Type
    Minimum Deposit
    USD 5
    Trading Conditions
    Trading Platforms
    • MT4
    • xStation5
    Trading Instruments
    • Commodities
    • Forex
    • Indicies
    • Metals
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    AccountSpread FromCommissionExecutionMin. Deposit
    Islamic0.28 pips$10.00InstantUSD 5 Account Details
    Pro0.28 pips$7.00InstantUSD 5 Account Details
    Standard0.35 pipsNoneInstantUSD 5 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    FSCA FSCA
    MAS MAS
    FMA FMA
    Trading Desk Type
    Minimum Deposit
    AUD 100
    Trading Conditions
    Trading Platforms
    • Plus500
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Vanilla Options
    • ETFs
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Paypal
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard0.0 pipsNoneInstantUSD 100 Account Details
  • Broker
    REGULATED BY
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    Trading Desk Type
    Minimum Deposit
    USD 50
    Trading Conditions
    Trading Platforms
    • MT4
    • NinjaTrader
    Trading Instruments
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard1.3 pipsNoneSTPUSD 50 Account Details
    Active TraderNot Published pipsYesSTPUSD 25000 Account Details
  • REGULATED BY
    CySEC CySEC
    Trading Desk Type
    Minimum Deposit
    USD 300
    Trading Conditions
    Trading Platforms
    • MT4
    • Sirix
    Trading Instruments
    • Commodities
    • Forex
    • Equities
    Deposit Methods
    • Bank Transfer
    • Mastercard
    • Skrill
    • Neteller
    AccountSpread FromCommissionExecutionMin. Deposit
    InstitutionalNot Published pipsNot PublishedMarket Volume Based Account Details
    Basic2.4 pipsNoneMarketUSD 500 Account Details
    Standard1.4 pipsNoneMarketUSD 5000 Account Details
    Advanced Mark-Up1.1 pipsNoneMarketUSD 10000 Account Details
    Advanced RAW0.0 pips$5.50MarketUSD 10000 Account Details
    Premium Mark-up0.8 pipsNoneMarketUSD 50000 Account Details
    Premium RAW0.0 pips$4.00MarketUSD 50000 Account Details
  • REGULATED BY
    CySEC CySEC
    FSCA FSCA
    Trading Desk Type
    Minimum Deposit
    USD 100
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    • Sirix
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • ETFs
    • Bonds
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    AccountSpread FromCommissionExecutionMin. Deposit
    Micro3.0 pipsNoneMarketUSD 100 Account Details
    Silver1.9 pipsNoneMarketUSD 1000 Account Details
    Gold1.5 pipsNoneMarketUSD 10000 Account Details
    Platinum1.2 pipsNoneMarketUSD 50000 Account Details
    Exclusive1.0 pipsNoneMarketUSD 100000 Account Details
  • REGULATED BY
    CySEC CySEC
    FCA FCA
    FSA-Seychelles FSA-Seychelles
    Trading Desk Type
    Minimum Deposit
    USD 100
    Trading Conditions
    Trading Platforms
    • MT4
    Trading Instruments
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • SticPay
    • Unionpay
    • Fasapay
    AccountSpread FromCommissionExecutionMin. Deposit
    Classic1.6 pipsNoneMarketUSD 100 Account Details
    Pro0.0 pipsVariableMarketUSD 100 Account Details
    VIP0.0 pipsVariableMarketUSD 50000 Account Details
  • REGULATED BY
    FCA FCA
    Trading Desk Type
    Minimum Deposit
    USD 1000
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    • AdvancedTrader
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Equities
    • Bonds
    • Futures
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Unionpay
    AccountSpread FromCommissionExecutionMin. Deposit
    ProfessionalCustom pipsNoneInstant Volume Based Account Details
    Standard1.7 pipsNoneInstantUSD 1000 Account Details
    Premium1.4 pipsNoneInstantUSD 10000 Account Details
    Prime1.1 pipsNoneInstantUSD 50000 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    Trading Desk Type
    Minimum Deposit
    USD 100
    Trading Conditions
    Trading Platforms
    • MT4
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Futures
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Unionpay
    • Fasapay
    AccountSpread FromCommissionExecutionMin. Deposit
    Live Fixed Spread2.2 pipsNoneInstantUSD 100 Account Details
    Live Floating Spread1.1 pipsNoneInstantUSD 100 Account Details
    Live Zero Spread0.0 pips$18InstantUSD 500 Account Details
    STP/ECN No Commission1.7 pipsNoneECN/STPUSD 500 Account Details
    STP/ECN Zero Spread0.0 pips$7.50ECN/STPUSD 500 Account Details
  • REGULATED BY
    CySEC CySEC
    B.V.I FSC B.V.I FSC
    Trading Desk Type
    Minimum Deposit
    USD 150
    Trading Conditions
    Trading Platforms
    • MT4
    Trading Instruments
    • Commodities
    • Forex
    • Equities
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    • Broker to Broker
    AccountSpread FromCommissionExecutionMin. Deposit
    Cent.Eurica pips0.03%-0.07%InstantUSD 5 Account Details
    Cent.Standard3 pipsNoneInstantUSD 5 Account Details
    Insta.Eurica pips0.03%-0.07%InstantUSD 5 Account Details
    Insta.Standard3 pipsNoneInstantUSD 5 Account Details
    Islamic pipsNoneInstantUSD 5 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FCA FCA
    DFSA DFSA
    Trading Desk Type
    Minimum Deposit
    USD 100
    Trading Conditions
    Trading Platforms
    • MT4
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Futures
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • WebMoney
    AccountSpread FromCommissionExecutionMin. Deposit
    Classic1.2 pipsNoneInstantUSD 100 Account Details
    Fixed1.8 pipsNoneInstantUSD 100 Account Details
    Islamic Fixed1.8 pipsNoneInstantUSD 100 Account Details
    Raw0.2 pips$4.00InstantUSD 200 Account Details
  • REGULATED BY
    CySEC CySEC
    FCA FCA
    FSCA FSCA
    DFSA DFSA
    FSC FSC
    Trading Desk Type
    Minimum Deposit
    USD 5
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Bonds
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    • VLOAD
    • Unionpay
    AccountSpread FromCommissionExecutionMin. Deposit
    Micro1.0 pipsNoneMarketUSD 5 Account Details
    Islamic1.0 pipsNoneMarketUSD 100 Account Details
    Premium1.0 pipsNoneMarketUSD 100 Account Details
    Auto1.0 pipsNoneMarketUSD 200 Account Details
    Zero0.0 pips$3.00MarketUSD 200 Account Details
    HFCopy1.0 pipsNoneMarketUSD 300 Account Details
    Premium Pro1.0 pipsNoneMarketUSD 5000 Account Details
  • REGULATED BY
    FCA FCA
    B.V.I FSC B.V.I FSC
    Trading Desk Type
    Minimum Deposit
    USD 5
    Trading Conditions
    Trading Platforms
    • MT4
    • Sirix
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Spread Betting
    Deposit Methods
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    AccountSpread FromCommissionExecutionMin. Deposit
    ECN Zero Account0.0 pips$10.00InstantUSD 5 Account Details
    Standard Fixed1.8 pipsNoneInstantUSD 5 Account Details
    Standard Variable1.3 pipsNoneInstantUSD 5 Account Details
    VIP Varibale0.6 pipsNoneInstantUSD 5000 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    IFSC IFSC
    Trading Desk Type
    Minimum Deposit
    USD 1
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    • Equities
    Deposit Methods
    • Visa
    • Neteller
    • Unionpay
    AccountSpread FromCommissionExecutionMin. Deposit
    Cent1.0 pipsNoneSTPUSD 1 Account Details
    Islamic0.0 pipsNoneSTPUSD 1 Account Details
    Micro3.0 pipsNoneSTPUSD 5 Account Details
    Standard0.5 pipsNoneSTPUSD 100 Account Details
    Zero Spread0.0 pips$20STPUSD 500 Account Details
    ECN0.0 pipsNoneECNUSD 1000 Account Details
  • REGULATED BY
    FCA FCA
    Trading Desk Type
    Minimum Deposit
    GBP 100
    Trading Conditions
    Trading Platforms
    • MT4
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    AccountSpread FromCommissionExecutionMin. Deposit
    Advanced Account1.4 pipsNoneSTPUSD 100 Account Details
    Copy Trading1.4 pipsNoneSTPUSD 500 Account Details
    Pro Account1.0 pipsNoneSTPUSD 5000 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FSC FSC
    Trading Desk Type
    Minimum Deposit
    USD 100
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    Deposit Methods
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Skrill
    AccountSpread FromCommissionExecutionMin. Deposit
    Basic1.5 pipsNoneInstantUSD 100 Account Details
    RAW Spread0.0 pipsNoneInstantUSD 200 Account Details
    Black1.1 pipsNoneInstantUSD 10000 Account Details
  • REGULATED BY
    FCA FCA
    ASIC ASIC
    DFSA DFSA
    Trading Desk Type
    Minimum Deposit
    USD 5
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • WTIs
    Deposit Methods
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bank Transfer
    AccountSpread FromCommissionExecutionMin. Deposit
    MT4 Pro Account0.1 pips$7MarketUSD 5 Account Details
    MT4 Standard Account1.0 pipsNoneMarketUSD 5 Account Details
  • REGULATED BY
    CySEC CySEC
    IFSC IFSC
    Trading Desk Type
    Minimum Deposit
    USD 100
    Trading Conditions
    Trading Platforms
    • MT4
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    AccountSpread FromCommissionExecutionMin. Deposit
    Basic2.5 pipsNoneMarketUSD 250 Account Details
    Gold2.0 pipsNoneMarketUSD 5000 Account Details
    Platinum1.4 pipsNoneMarketUSD 10000 Account Details
    VIP1.1 pipsNoneMarketUSD 50000 Account Details
  • REGULATED BY
    CySEC CySEC
    Trading Desk Type
    Minimum Deposit
    AUD 500
    Trading Conditions
    Trading Platforms
    • MT4
    • Sirix
    Trading Instruments
    • Commodities
    • Forex
    • Indicies
    • Equities
    • ETFs
    Deposit Methods
    • Bank Transfer
    AccountSpread FromCommissionExecutionMin. Deposit
    Mini4.0 pipsNoneInstantUSD 500 Account Details
    Standard3.0 pipsNoneInstantUSD 1000 Account Details
    Gold2.0 pipsNoneInstantUSD 5000 Account Details
    IslamicNot Published pipsNoneInstantUSD 10000 Account Details
    Platinum2.0 pipsNoneInstantUSD 10000 Account Details
    VIP1.6 pipsNoneInstantUSD 50000 Account Details
  • REGULATED BY
    CySEC CySEC
    FCA FCA
    DFSA DFSA
    Trading Desk Type
    Minimum Deposit
    USD 200
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • WTIs
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Fasapay
    AccountSpread FromCommissionExecutionMin. Deposit
    Classic1.4 pipsNoneMarketUSD 50 Account Details
  • REGULATED BY
    ASIC ASIC
    Trading Desk Type
    Minimum Deposit
    AUD 200
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • WTIs
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Fasapay
    • BPay
    • POLi
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard1.0 pipsNoneMarketUSD 200 Account Details
    GoPlus+0.0 pips$3.00MarketUSD 500 Account Details
  • REGULATED BY
    ASIC ASIC
    CySEC CySEC
    FCA FCA
    Trading Desk Type
    Minimum Deposit
    AUD 100
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    • MT Supreme
    Trading Instruments
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    Deposit Methods
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • POLi
    • Bitcoin
    • Bank Transfer
    AccountSpread FromCommissionExecutionMin. Deposit
    Trade.MT40.5 pipsNoneMarketUSD 100 Account Details
    Trade.MT50.5 pipsNoneMarketUSD 100 Account Details
    Zero.MT40.0 pips$1.8-$3.0MarketUSD 100 Account Details
    Zero.MT50.0 pips$1.8-$3.0MarketUSD 100 Account Details
  • REGULATED BY
    CySEC CySEC
    ASIC ASIC
    FSCA FSCA
    Trading Desk Type
    Minimum Deposit
    AUD 250
    Trading Conditions
    Trading Platforms
    • MT4
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    Trading Instruments
    • Commodities
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    • Bank Transfer
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    AccountSpread FromCommissionExecutionMin. Deposit
    Live0.9 pipsNoneInstantUSD 100 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSCA FSCA
    FSC FSC
    Trading Desk Type
    Minimum Deposit
    AUD 10
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    AccountSpread FromCommissionExecutionMin. Deposit
    Cent Account1.5 pipsNoneInstantUSD 10 Account Details
    Standard Account1.3 pipsNoneInstantUSD 100 Account Details
    ECN Zero Account1.5 pipsNoneMarketUSD 200 Account Details
    ECN Account0.1 pips$2.00MarketUSD 500 Account Details
    FXTM Pro Account0.0 pipsNoneMarketUSD 25000 Account Details
  • Broker
    REGULATED BY
    FSC FSC
    Trading Desk Type
    Minimum Deposit
    USD 5
    Trading Conditions
    Trading Platforms
    • MT4
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    Trading Instruments
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • WebMoney
    • Bitcoin
    • VLOAD
    AccountSpread FromCommissionExecutionMin. Deposit
    Mirco Account1.7 pipsNoneInstantUSD 5 Account Details
    Standard Account1.2 pipsNoneInstantUSD 100 Account Details
    ECN Account0.4 pips$1.50MarketUSD 500 Account Details
    Pro Account0.4 pipsNoneMarketUSD 25000 Account Details
  • Broker
    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSC FSC
    Trading Desk Type
    Minimum Deposit
    USD 1
    Trading Conditions
    Trading Platforms
    • MT4
    • MT5
    Trading Instruments
    • Cryptocurrencies
    • Forex
    • Metals
    Deposit Methods
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    AccountSpread FromCommissionExecutionMin. Deposit
    Mini MT40.3 pipsNoneMarketUSD 1 Account Details
    Mini MT50.3 pipsNoneMarketUSD 1 Account Details
    Standard Cent MT40.3 pipsNoneMarketUSD 1 Account Details
    Standard MT40.1 pipsNoneMarketUSD 1 Account Details
    Standard MT50.2 pipsNoneMarketUSD 1 Account Details
    Pro0.1 pipsNoneMarketUSD 200 Account Details
    Raw Spread0.0 pips$3.50MarketUSD 200 Account Details
    Zero pips$3.50MarketUSD 200 Account Details
    ECN MT40.0 pips$2.50MarketUSD 300 Account Details

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What is CFD trading?

The acronym CFD stands for ‘Contract For Difference’, which means that buyers (or sellers) will be paid based on the price movement by their counterparty. Unlike trading in traditional financial instruments, CFD’s are a contract between two parties, and there is no ownership implied or realised by the transaction.

CFD’s are almost exclusively designed for short-term speculation or short-term hedging purposes. Counterparty risk is also a consideration when trading CFD’s, as a CFD is only worth as much as the entity that writes it.

How does CFD trading work?

The best Australian explanation comes from Andrew Templer from ASIC, and if this is new to you, its a great way to spend 3 minutes.

The basics of CFD trading are straightforward.  Traders enter a position by buying or selling a contract that is tied to an underlying instrument at a given level, which is determined by the market maker they are trading.

For example, CFD’s are commonly written for major Forex pairs, equity indices, interest rates for widely traded debt instruments, commodities and some other popular financial products.

Unlike buying the financial instruments themselves, CFD trading usually allows an investor to gain exposure to the underlying instrument at a much lower cost.

When buying equities on a margin, it is rare that 100% leverage is offered. More limited leverage means that if an investor wants to gain exposure to $10,000 worth of shares, they will need almost $5,600 of capital to buy into the position, assuming they can leverage 80% of the principle.

With CFD’s the leverage available is generally over 100x (equal to 10,000% of the principle), so that same $10,000 position would only require $100 to open. Lower initial investments can be both advantageous and dangerous, depending on how that leverage is used.

Example 1: Forex CFDs

CFD’s are nearly always traded based on a spread that the market-maker/dealer creates.

For example, let’s say that the USD/AUD is trading at 1.3020/1.3040 so a trader can buy the pair at 1.3020, or sell it at 1.3040. The difference between the two prices is called the ‘spread,’ and when you trade CFD’s, the size of the spread is important.

In this case, you choose to buy $50,000 worth of the contract at 1.3020, as you are speculating that the USD will rise in price versus the AUD. If your broker requires a margin of .2%, this trade will cost you $100 to open, though your risk isn’t limited to the initial margin that is necessary.

Let’s suppose that over the next two days the trade moves in your favour and the price of the USD rises to 1.3100, or a gain of 80 points on the contract. Your profit would be [$50,000 x 1.3100] 65,500 – [$50,000 x 1.3020] 65,100, or $400.

The profit would represent a gain of 400% on the initial margin required to open the trade, and demonstrates why so many traders want to employ leverage.

But using large amounts of borrowed money in a position is also risky.  Should the market go against you, your position can end up losing a lot of value quickly.

Example 2: Stock CFDs

Let’s suppose that you think that the S&P 500 is going to rally on a better than expected GDP report. The index is trading at 2637.38/2636.88 with your CFD broker, with the buying price first, and the selling price second.

Because you think the index will rally, you buy three CFD contracts at 2637.38, with a margin requirement of 1%. Your broker will assign a value to the index points for any given security, but for this example, let’s say that one point on the S&P 500 is worth one dollar.

That means the total cost of the position would be $7,912.14, and your initial margin requirement would be $79.12. In this situation, we will suppose you are wrong, and the GDP print disappoints.

This results in the S&P 500 falling, and you are stopped out of your trade at 2634.50.

You will have lost 3 dollars for every point that the index falls before you sell your position, so the loss of 2.88 index points will translate to an actual loss of $864, which is far more significant than your margin. This is an example of how quickly your margin can evaporate, and why keeping a tight stop loss is so important when trading with leverage.

Depending on your CFD broker, you may have to pay a fee when you open a position or a percentage of the gross value of the position. Every broker will have different requirements and costs, so it is imperative to understand their margin requirements and fee structure before you begin trading.

Short-Selling CFDs

Gaining short exposure to shares and equity indices with CFD’s is probably one of their best uses.

Because they don’t rely on access to the underlying instruments, CFD’s let investors short just about any financial market or product, without having to borrow shares, or find ways to structure a trade that shorts an entire market effectively.

Like any short, using CFD’s does open the investor up to unlimited losses if the trade goes the wrong way, but unlike shorting a stock, there will never be a shortage of shares, and thus, it will always be possible to cover the position.

Hedging with CFDs

For investors that want to lock in a high price for their stocks, or hedge a winning position, CFD’s make a lot of sense.

If you bought a position in a stock that has gone up, and you don’t want to sell it and incur capital gains taxes, buying a short position in CFD’s will cover your downside risk. It also is a very cost-effective way to do so, because you can buy a lot of exposure for a relatively small amount of money up front.

Hedging makes CFD’s a nearly ideal way to ensure a winning position, without having to worry about actually exiting the trade.

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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