What payment methods work for traders in Australia?

Common methods include: OSKO / PayID (instant), BPAY, POLi (legacy), Bank wire AUD, Credit / debit card.

🇦🇺 Best Brokers, Exchanges & Prop Firms in Australia (2026)

Fact-checked

Australia hosts one of the most active retail trading communities in the APAC region. Local traders benefit from a clear regulatory framework (ASIC) and strong consumer protection. Our Australian shortlist filters for brokers with a primary ASIC license (AFSL), AUD-base accounts, and OSKO / PayID instant funding.

Regulation in Australia

ASIC is the primary regulator for Australian retail forex and CFD brokers. ASIC imposed CFD leverage caps in March 2021: 1:30 majors, 1:20 minors/gold, 1:10 indices/commodities, 1:2 crypto CFDs. Negative-balance protection is mandatory. ASIC maintains a public licensee register.

Recognised regulators: ASIC · Currency: AUD

Forex Brokers Serving Australia

14 brokers accept Australia clients — sorted by overall score.

Vantage

8.8/10 Tested

Best for ASIC regulation Best for Raw ECN spreads Best for Copy trading Best for MT4/MT5

Min Deposit: $50
Spread From: 0.0 pips (Raw ECN)
Max Leverage: 1:500
Regulation: ASIC, FCA

Open Account → Read Vantage Review →

74% of retail CFD accounts lose money. How we earn →

AvaTrade

8.7/10 Tested

Best for Copy trading Best for Canada residents Best for Options trading

Min Deposit: $100
Spread From: 0.9 pips EUR/USD (Standard) · 0.6 pips USD/JPY
Max Leverage: 1:30 (EU/UK/AU retail) · 1:400 (international entities)
Regulation: Central Bank of Ireland, ASIC

Open Account → Read AvaTrade Review →

74% of retail CFD accounts lose money. How we earn →

FP Markets

8.9/10 Tested

Best for ASIC regulation Best for Raw ECN spreads Best for AU traders Best for IRESS stocks

Min Deposit: $100
Spread From: 0.0 pips (Raw ECN)
Max Leverage: 1:500
Regulation: ASIC, CySEC

Open Account → Read FP Markets Review →

74% of retail CFD accounts lose money. How we earn →

CMC Markets

9.1/10 Tested

Best for UK retail Best for Stock CFDs Best for Spread betting

Min Deposit: $0
Spread From: 0.7 pips EUR/USD (spread-only) · 0.0 pips + $2.50/side (FX Active)
Max Leverage: 1:30 (FCA/ASIC retail) · 1:500 (AU pro)
Regulation: FCA, ASIC

Open Account → Read CMC Markets Review →

74% of retail CFD accounts lose money. How we earn →

IG Markets

9.0/10 Tested

Best for UK traders Best for Long history Best for TradingView users

Min Deposit: $250
Spread From: 0.6 pips EUR/USD typical · 0.4 pip DMA shares CFD
Max Leverage: 1:30 (FCA/ASIC/ESMA retail) · 1:222 (DFSA) · 1:25 (JFSA) · 1:500 (Pro)
Regulation: FCA, ASIC

Open Account → Read IG Markets Review →

74% of retail CFD accounts lose money. How we earn →

Pepperstone

9.0/10 Tested

Best for FCA regulation Best for ECN execution Best for TradingView orders

Min Deposit: $0
Spread From: 0.0 pips (Razor) · 1.0 pip (Standard)
Max Leverage: 1:30 (FCA/ASIC/CySEC retail) · 1:500 (SCB Bahamas)
Regulation: FCA, ASIC

Open Account → Read Pepperstone Review →

74% of retail CFD accounts lose money. How we earn →

Saxo Bank

9.0/10 Tested

Best for Multi-asset traders Best for Stock CFD traders Best for High-net-worth

Min Deposit: $0
Spread From: 0.4 pip Classic · 0.2 pip Platinum · 0.1 pip VIP
Max Leverage: 1:30 (FCA UK / ESMA / MAS / ASIC retail) · 1:50 (SFC Hong Kong retail) · 1:200 (Pro / Wholesale clients)
Regulation: FSA Denmark (Finanstilsynet), FCA

Open Account → Read Saxo Bank Review →

74% of retail CFD accounts lose money. How we earn →

IC Markets

8.8/10 Tested

Best for Scalpers Best for Algo traders Best for ECN execution

Min Deposit: $200
Spread From: 0.0 pips (Raw) · 0.8 pips (Standard)
Max Leverage: 1:500 (FSA SC) · 1:30 (ASIC/CySEC retail)
Regulation: ASIC, CySEC

Open Account → Read IC Markets Review →

74% of retail CFD accounts lose money. How we earn →

OANDA

8.7/10 Tested

Best for US traders Best for TradingView users Best for Long history

Min Deposit: $0
Spread From: 1.2 pips Core EUR/USD · 0.4 pips Elite + commission
Max Leverage: 1:50 (US CFTC) · 1:30 (FCA/ASIC retail) · 1:200 (BVI)
Regulation: NFA, CFTC

Open Account → Read OANDA Review →

74% of retail CFD accounts lose money. How we earn →

#10

Plus500

8.7/10 Tested

Best for UK retail Best for Mobile traders Best for Multi-asset CFDs

Min Deposit: $100
Spread From: 0.6 pips EUR/USD (dynamic) · all-in spread-only pricing
Max Leverage: 1:30 (FCA/CySEC/ASIC retail) · 1:300 (DFSA pro)
Regulation: FCA, CySEC

Open Account → Read Plus500 Review →

74% of retail CFD accounts lose money. How we earn →

#11

Eightcap

8.5/10 Tested

Best for TradingView traders Best for Crypto CFD scalpers Best for MENA and SEA

Min Deposit: $100
Spread From: 0.0 pip Raw + $7 round-turn commission · 1.0 pip Standard commission-free
Max Leverage: 1:30 (ASIC/FCA/CySEC retail) · 1:500 (SCB Bahamas)
Regulation: ASIC, FCA

Open Account → Read Eightcap Review →

74% of retail CFD accounts lose money. How we earn →

#12

Admiral Markets

8.4/10 Tested

Best for MT5 traders Best for EU + UK clients Best for Stock CFD traders

Min Deposit: $100
Spread From: 0.0 pips Zero account · 0.5 pips Trade.MT5 · 0.6 pips Trade.MT4
Max Leverage: 1:30 (FCA UK / ESMA / ASIC retail) · 1:500 (FSA Seychelles / AFSA Kazakhstan offshore) · 1:1000 (Pro / Wholesale tier on FSA Seychelles)
Regulation: FCA, CySEC

Open Account → Read Admiral Markets Review →

74% of retail CFD accounts lose money. How we earn →

#13

Deriv

7.8/10 Tested

Best for Synthetic index traders Best for EU/EEA traders Best for Beginners

Min Deposit: $5
Spread From: 0.6 pip EUR/USD on Standard · 0.2 pip on Synthetic Volatility 75 published floor
Max Leverage: 1:30 (MFSA Malta retail / ESMA) · 1:1000 (Vanuatu and BVI offshore entities) · 1:500 (Labuan retail)
Regulation: MFSA Malta, Labuan FSA

Open Account → Read Deriv Review →

74% of retail CFD accounts lose money. How we earn →

#14

eToro

7.8/10

Best for Copy trading Best for Stock and ETF investing Best for Beginners Best for EU and UK retail traders

Min Deposit: $50
Spread From: 1.0 pips
Max Leverage: 1:30
Regulation: FCA, CySEC

Open Account → Read eToro Review →

74% of retail CFD accounts lose money. How we earn →

Crypto Exchanges Serving Australia

5 exchanges available to Australia residents — verified KYC + payment rails.

Binance

8.6/10 Tested

Best for Lowest spreads on majors Best for Deepest liquidity Best for Research depth Best for Education quality

Min Deposit: $0
Spread From: 0.10% maker/taker
Max Leverage: 1:125 (futures)
Regulation: VARA Dubai, AMF France

Open Account → Read Binance Review →

74% of retail CFD accounts lose money. How we earn →

Bybit

9.2/10 Tested

Best for Low fees Best for Futures trading Best for Fast withdrawals Best for USDT pairs

Min Deposit: $0
Spread From: 0.0% maker / 0.075% taker
Max Leverage: 1:100 (futures)
Regulation: VARA Dubai, CySEC Cyprus

Open Account → Read Bybit Review →

74% of retail CFD accounts lose money. How we earn →

Kraken

8.4/10 Tested

Best for US-based crypto traders Best for Long-term holding with strong security Best for SWIFT and SEPA fiat withdrawals Best for Proof-of-Reserves transparency

Min Deposit: $0
Spread From: 0.16% maker / 0.26% taker (Kraken Pro)
Max Leverage: 1:5 (margin) / 1:50 (futures, non-US)
Regulation: FinCEN, FCA

Open Account → Read Kraken Review →

74% of retail CFD accounts lose money. How we earn →

MEXC

7.6/10 Tested

Best for Altcoin hunters Best for No-KYC access (under $10K) Best for Small-cap futures Best for Zero maker fees

Min Deposit: $0
Spread From: 0.00% maker / 0.05% taker (spot)
Max Leverage: 1:200 (futures)
Regulation: AUSTRAC, FIU Estonia (VASP)

Open Account → Read MEXC Review →

74% of retail CFD accounts lose money. How we earn →

KuCoin

7.4/10 Tested

Best for Altcoin breadth Best for Low VIP fees Best for Futures + spot in one Best for Earn / staking

Min Deposit: $0
Spread From: 0.10% maker / 0.10% taker (spot, drops to 0% maker at VIP-1)
Max Leverage: 1:100 (futures)
Regulation: FSA Seychelles (VASP), AUSTRAC

Open Account → Read KuCoin Review →

74% of retail CFD accounts lose money. How we earn →

Prop Firms Serving Australia

2 prop firms accept Australia-resident traders — challenge funding accounts.

FTMO

9.0/10 Tested

Best for Funded traders Best for Forex prop Best for Verified payouts Best for Multiple firms

Min Deposit: $155
Spread From: 0.2 pips
Max Leverage: 1:100
Regulation: Offshore

Open Account → Read FTMO Review →

74% of retail CFD accounts lose money. How we earn →

FundedNext

8.7/10 Tested

Best for Lowest entry cost Best for Fast payouts Best for One-step path

Min Deposit: $39
Spread From: 0.2 pips
Max Leverage: 1:100
Regulation: Offshore

Open Account → Read FundedNext Review →

74% of retail CFD accounts lose money. How we earn →

Local payment methods

Rails our traders confirmed working for Australia deposits in 2025-2026.

OSKO / PayID (instant)
BPAY
POLi (legacy)
Bank wire AUD
Credit / debit card

Tax Note for Australia

Forex and CFD profits in Australia are typically classified as ordinary income (not capital gains) by the ATO since 2010, applied at the trader's marginal income tax rate. Crypto disposals are CGT events with a 50% discount if held >12 months. Consult an Australian tax accountant for active trading classification.

Risk warning: CFDs are complex instruments. 74-89% of retail accounts lose money. Affiliate disclosure: how we earn.