Full Comparison

Vantage FX Review

eToro Review

Plus500 Review

BDSwiss Review

Best Online Trading Platform Australia


If you’re searching for the top online brokers in Australia, then welcome to our guide.

In our guide we want to show you the best online trading platforms for Australians so you can start trading.

Trading PlatformRatingMinimum DepositDemo AccountStart Trading
etoro $50 TRADE NOW
vantage fx $200 TRADE NOW
plus500 $100 TRADE NOW
bdswiss $200 TRADE NOW

Many Australians are already trading in the Forex and CFDs markets, and the country’s laws make sure that there are fair trading regulations in place. This is why many leading online brokers in Australia remain a popular choice for traders worldwide!

plus500etorovantage fxbdswiss
Trust Score 97/100 98/100 92/100 95/100
Licensed in Europe (Cysec)
Licensed in Australia
Forex Assets 2000+ 2000+ 2500+ 1000+
Crypto Assets
Demo Account $ 40.000 $ 100.000 $ 10.000 $ 10.000
Minimum Deposit $100 $200 $10 $200
Minimum Trade *depends on the asset $1 $1 - 0.01 lots $1 - 0.01 lots
Platform MT4
Max Leverage 1:300 1:400 1:400 1:500
Trading Commissions
Spread 3 pips* 3 pips* 4 pips* 1.2 pips*
Withdrawal Time 3 - 5 days 3 - 5 days 1 - 2 days 2 - 5 days

When we decide our top list of the best online trading platforms, we look at the following criteria:

  • industry based awards
  • regulation and operating licences
  • what each broker can offer to their users

The industry based awards is an area we look at because we believe it’s important to see what some of the leading experts in the industry think of the platforms. For instance if they have awarded a broker, this helps to show the broker is a worthy candidate.

We also check out each broker’s regulation credentials and see where their operation licences are registered. This is to ensure your trading security and that the brokers are fully compliant. Your security is important to us, which is why we only ever list fully regulated platforms that are fully licenced.

It’s worth mentioning that not all of the trading platforms that we’ve selected are headquartered in Australia. However, each one of them has a presence in Australia, and they’re all licenced to run in the country.

Let’s take a look now at the best online trading platforms in Australia.

Best Online Trading platform Australia: Vantage FX

vantage fx

  • Regulations: ASIC (Australian Securities & Investment Commission)
  • Platforms: MT4 & MT5
  • Leverage: Up to 1:500
  • Minimum Deposit: $200
  • Can you deposit in Australian Dollars? Yes
  • Headquarters: Sydney, Australia
  • Support: Yes, available 24/7
  • Instruments Available: Over 120 CFDs assets including Indices, Forex, Commodities and Shares

Click the button below to open a free Vantage FX account.

Open a Free Trading Account

*Your capital might be at risk

Vantage FX is one of the leading trading platforms in Australia. It’s become well known for being a secure broker as well as its wide range of CFDs available for trading. This includes Forex, Indices, Cryptocurrencies, Shares and Commodities.

The company was founded in 2009 in Australia by a team who specialized in the areas of finance and tech. Combined they managed to create a great trading platform to help anyone have access to the markets. The company headquarters are based in Sydney and the broker is fully regulated by ASIC.

The Vantage FX platform has also been awarded many awards from respected institutions, which shows how respected the broker is in the industry.

For example, it has been awarded for offering the best customer support and for being the Financial Trading Services Supplier of the year. To see the full award list by year, head to the broker’s website for the listings.

One thing the broker is well known for their very fast platform speed, this allows you to execute trades at super-fast rate. Vantage FX regularly improves their network of data centres and servers, which ensures that their uses have access to incredibly quick and stable trading conditions.

Another thing that Vantage FX is great for is their customer support in Australia, the award-winning customer support is available 24/7 to users. So if you should have any questions you can reach the customer support team via phone, LiveChat or email anytime.

If you wish to practice trading before making any actual trades, it’s worth taking a look at the Vantage FX demo account. It’s possible to sign up for a free demo account in a few minutes, you just need to supply some personal details such as your name and email address.

Once this is all processed you’ll be able to access the demo account where you can get used to the platform design and try trading with the virtual money that comes with the account. We’d always recommend doing this before trading with real funds so you can make sure that the broker is the right one for you.

Best online trading platform Australia: eToro


  • Regulations: ASIC in Australia & CySEC in Europe
  • Platforms: eToro has their own self developed platform
  • Minimum Deposit: $50
  • Can you deposit in Australian Dollars? No- all trading accounts are in $ USD
  • Headquarters: Tel Aviv, Israel and London, United Kingdom plus Cyprus
  • Support: Yes, available 24/7
  • Instruments Available: Forex, Cryptocurrencies, Stocks, ETFs, Indices and Commodities including platinum and gas.

Click here to open your first eToro trading account.

Open a Free eToro Account

*62% of retail investor accounts lose money when trading CFDs

eToro is the leading online broker to offer social features to its users in Australia. Thanks to these innovative social features and regulation, eToro has gained a reputation worldwide as being a respected and safe broker for their customers.

Its platform is famous for providing you the chance to learn and discuss trading methods from its members via the social news feeds. Most important though is eToro’s CopyTrader feature which lets you follow and copy the trades of other successful users in Australia and all over the world.

This a great tool if you are new to trading and wish to learn from others, the fact that there are millions of traders on the eToro site from many countries also means you have a big pool to choose from.

To use the CopyTrader feature you can simply search with the search tool and filter the results to find the ideal trader for you to copy, or you can view the ‘editors choice’ of recommended traders. You will see each trader’s profile info which includes their profit history and risk score. To start the copy process, just click on the Copy Trader button. This unique feature makes eToro stand out from other competitors.

There is also a free demo account option with virtual funds available should you want to test the eToro platform before depositing real money. It’s possible to switch at anytime between the demo and your real trading account. The demo account looks exactly the same as the normal version, so it’s a good way for you to get used to the platform layout and the various social tools of eToro.

The broker was founded back in 2006 and it has grown to become the biggest social trading platform worldwide! Currently over 5 million people are on the network and eToro has operation offices based in Cyprus, Tel Aviv and London.

Although there may be no head office in Australia, all services are provided by eToro Australia which is the holder of an Australian Financial Services Licence (no.491139) and is regulated by ASIC. This means that the broker is fully regulated and authorized to operate in Australia.

If you’re looking for a lower minimum deposit amount, then eToro currently offers Australians one of the lowest in the market of just $50. This is a great figure if you have a limited trading budget and wish to start with a smaller trading amount.

Best online trading platform Australia: Plus500


  • Regulations: ASIC in Australia & CySEC in Europe
  • Platforms: Plus500 has their own self developed platform
  • Leverage: Up to 1:300
  • Minimum Deposit: $100
  • Can you deposit in Australian Dollars? Yes, AUD is one of the base currencies
  • Headquarters: Israel and Sydney, Australia
  • Support: Yes, available 24/7
  • Instruments Available: Forex, Cryptocurrencies, Stocks, ETFs, Indices, Options and Shares including the cannabis industry.

Click here to open your first Plus500 trading account.

*‘76.4% 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.’


Another leading broker that we want to mention for Australia is Plus500, mainly because we’ve been impressed how user-friendly and simple their platform is to use. Besides this Plus500 is one of the most major brokers involved in the CFD trading world.

When the broker launched in 2008, their main goal was to keep trading simple for their users, this is why they only offer one type of trading account which is easy to use.

Simplicity is the key for Plus500 which is great for all users, whether you’re new to trading or not.

The online trading platform is web based and there is also a free trading App available for iOS and Android devices. This is handy if you’re looking to trade on the go straight from your smartphone. The mobile App offers the same format as the online version, plus it’s also possible to receive real time price notifications.

Another strength of Plus500 is that they don’t charge any commissions on deposits or for opening/closing trades. Instead their ‘compensation’ is built into the spreads, which are fairly dynamic.

Regarding trading, currently it’s possible to trade over 250+ CFD instruments with them including Forex, Cryptocurrencies, Indices, Shares, Commodities, Options and ETFs.

One interesting thing about their share options is that they have a lot of country specific shares available for traders, for example major Australian companies listed including OZ Minerals and Qantas Airlines. This is a great option if you’re looking for Australian corporations that you know of besides the international shares.

Plus500 was also one of the first trading platforms to introduce CFD Cannabis shares as an option for its users. The topic of medicinal cannabis has been a big one in the financial markets recently, so to refresh its offering the broker has 7 of the most important firms listed as share options, including firms like Tilray and Canopy Growth.

The companies headquarters are based in Israel. However, for Australia, the broker is a subsidiary of Plus500AU Pty Ltd which is an Australian based firm- with the main offices based in Sydney. The company is fully regulated and secure to trade with, and they hold an operational licence from ASIC.

Best online trading platform Australia: BDSwiss


  • Regulations: CySEC and the FSC (no.C116016172)
  • Platforms: MT4 & MT5
  • Leverage: Up to 1:400 -for Basic Account, but up to 1:500 for other account types
  • Minimum Deposit: $200
  • Can you deposit in Australian Dollars? No
  • Headquarters: Switzerland and Cyprus
  • Support: Yes, available 24/7
  • Instruments Available: 250+ assets including Cryptocurrencies, Forex, Indices, Shares, Commodities and Equities.

Click here to open your first BDSwiss trading account.

*Your capital might be at risk

BDSwiss is a broker that has become one of the best forex brokers for beginners (here you can read about it) in Europe and Australia too.

It was established in 2012 in Switzerland, and since then it has grown to provide trading services to nearly 1 million clients globally. BDSwiss keep their headquarters in Europe, but they have an operational group worldwide – including Australia.

Although the broker does not have offices in Australia, they are fully regulated by CySEC which is the leading European regulator for brokers and is very respected. They also hold a licence from the FSC (Financial Services Commission) in Mauritius. You can be assured that BDSwiss is fully regulated and not fraudulent or a scam.

The broker has become known for their cutting edge platforms and their free educational services. They have also won various awards from respected bodies including the 2019 award for ‘Best Trading Conditions’ from World Finance. Another award was won in 2019 for the ‘Best Trading App’ from Mobile Star Awards, quite impressive.

One thing that the broker is great at offering is their free trading education tools and webinars. There are great resources available because the platform aims to educate its clients about trading the world of CFDs.

There are many live webinars plus exclusive video lessons so you can develop your trading skills directly on the platform. It doesn’t matter which trader level you are because BDSwiss has education tools suitable for all levels. This is a good broker option if you’re looking to educate yourself and develop your CFD market strategies.

Regarding the platforms, BDSwiss supports both the MT4 & MT5 trading platforms which are available for download. It depends on which version suits your needs the best, but MT4 remains one of the most popular trading programmes in the industry as it offers users access to a full range of trading tools and technical indicators.

Besides this there is also the self developed BDSwiss WebTrader which is available both for desktop and online. It’s also available to download and use as a mobile App for use on Android and iOS devices.

Currently BDSwiss has 3 different trading account types available: Basic, Raw Spread and Black. However, for this review we have looked at the Basic account features which gives you access to the education tools and is the standard account type.

If you need help at anytime, there is 24 hour support available and you can get in touch via LiveChat, WhatsApp, Telegram or email. There is also telephone support available in many languages.

Here you can learn more about the best platform for beginners.