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TradersBest.com / Online Broker Reviews

Online Broker Reviews for Australia 2024

Alexander Foster
Alexander Foster
Last Updated on 01/10/2024

There are hundreds of online brokers and CFD providers to choose from these days, with new operators always trying to establish themselves.

This can make it quite difficult to find a reliable broker or provider that caters to your trading needs.

So how do you sort the bad apples from the good ones?

That’s where TradersBest.com comes in. We put both new and established providers through their paces with our online broker reviews and help you find a safe and reliable place to trade.

Read More

Best brokers and CFD providers

Stocks
Forex
Crypto
WBroker
Recommended
Favicon
4.6/5
  • Major stocks featured
  • Top exchanges covered
  • Minimal trading fees
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 18+
Payment Methods
Mastercard
Visa
Tether
License
SFC - Securities & Futures Commission of Hong Kong
Show less
Kraken
Hot Offer
Favicon
4.5/5
  • Robust security measures
  • Hack-free history
  • Reliable brokerage services
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 18+
Payment Methods
Bank Transfer
License
CNMV - Comisión Nacional del Mercado de Valores
Show less
eToro
Hot Offer
Favicon
4.5/5
  • No commission taken on stocks
  • CopyTrader feature
  • Stock investing
Account Fee
$0.00
Order Fee National
0.00%
Order Fee International
0.00%
Deposit Protection
$20,000.00
Visit Site
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
Apps
License
MSB - Money Services Business (USA)
Show less
TMGM
4.
Favicon
4.5/5
  • Reputable Broker
  • Great offer of instruments
  • Fast platform
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 18+
Payment Methods
Visa
Mastercard
License
ASIC - Australian Securities and Investments Commission
Show More
Eightcap
5.
Favicon
4.5/5
  • Over 250 stock CFDs available
  • Trade on spreads as low as 0.0pips
  • Top US, European, and Australian stock options
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Site
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
POLi
+
License
ASIC - Australian Securities and Investments Commission
Show More
eToro
Recommended
Favicon
4.6/5
  • Trading academy
  • Webinars and podcasts
  • Easy user-interface
Minimum Deposit
$200.00
Deposit Protection
$20,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Custom
Visit Site
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
Apps
License
MSB - Money Services Business (USA)
Show less
Kraken
Hot Offer
Favicon
4.5/5
  • Extensive educational materials
  • Affordable trading fees
  • Diverse fiat currency options
Minimum Deposit
10.00€
Deposit Protection
20,000.00€
Maximum Leverage
Trading Platforms
Android
iOS
Web
Visit Site
T&Cs apply, 18+
Payment Methods
Bank Transfer
License
CNMV - Comisión Nacional del Mercado de Valores
Show less
TMGM
Hot Offer
Favicon
4.5/5
  • Fast execution of trades
  • The market is catered to all traders and is open 24/5
  • Thin spreads available
Minimum Deposit
Deposit Protection
Maximum Leverage
Visit Site
T&Cs apply, 18+
Payment Methods
Visa
Mastercard
License
ASIC - Australian Securities and Investments Commission
Show less
FP-Markets
4.
Favicon
4.5/5
  • Low forex fees
  • Easy and fast account opening
  • Quick deposits and withdrawals
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:500
Trading Platforms
Android
iOS
MT4
MT5
Custom
Visit Site
T&Cs apply, 18+
Payment Methods
Neteller
PayPal
Bank Transfer
+
Apps
License
ASIC - Australian Securities and Investments Commission
Show More
Vantage FX
5.
Favicon
4.5/5
  • Permanent demo account available
  • Helpful tools and resources
  • A generous deposit match bonus offer
Minimum Deposit
$200.00
Deposit Protection
Maximum Leverage
1:500
Trading Platforms
Android
iOS
MT4
MT5
Visit Site
T&Cs apply, 18+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CIMA - Cayman Islands Monetary Authority
Show More
WBroker
Recommended
Favicon
4.7/5
  • Stablecoins featured here
  • Low trading costs
  • Safe crypto platform
Minimum Deposit
Deposit Protection
Amount of Currencies
BTC/USD Spread
Visit Site
T&Cs apply, 18+
Payment Methods
Mastercard
Visa
Tether
License
SFC - Securities & Futures Commission of Hong Kong
Show less
eToro
Hot Offer
Favicon
4.7/5
  • Great for novice traders
  • A variety of trading options
  • Established in 2006
Minimum Deposit
$100.00
Deposit Protection
$20,000.00
Amount of Currencies
94
BTC/USD Spread
1 %
Visit Site
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
Apps
License
MSB - Money Services Business (USA)
Show less
TMGM
Hot Offer
Favicon
4.7/5
  • Access to highly liquid cryptos
  • Access to markets seven days a week
  • Familiar trading with your MT4 platform
Minimum Deposit
Deposit Protection
Amount of Currencies
BTC/USD Spread
Visit Site
T&Cs apply, 18+
Payment Methods
Visa
Mastercard
License
ASIC - Australian Securities and Investments Commission
Show less
FP-Markets
4.
Favicon
4.7/5
  • Award-winning customer support
  • Educational tools available
  • Regulated and licensed
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Amount of Currencies
12
BTC/USD Spread
21.08
Visit Site
T&Cs apply, 18+
Payment Methods
Neteller
PayPal
Bank Transfer
+
Apps
License
ASIC - Australian Securities and Investments Commission
Show More
Eightcap
5.
Favicon
4.7/5
  • Trade over 250 different crypto derivatives
  • No wallet requirement with crypto CFDs
  • Low spreads on major cryptocurrencies
Minimum Deposit
Deposit Protection
Amount of Currencies
BTC/USD Spread
Visit Site
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
POLi
+
License
ASIC - Australian Securities and Investments Commission
Show More

Online Broker Reviews – How We Test

We aim to provide you with insightful and thorough broker or CFD provider reviews. That way you have all the necessary information at your disposal to make an informed decision about what’s right for you. You’ll rest easy knowing you did so by using a comparative, objective point of view.

In our reviews, you’ll find a range of facets we take into account. We provide overall ratings to each broker and provider based on their performance in these categories. The following sections refer to some of the categories we use for our objective testing and it’s what you can expect to find when reading our online broker tests.

Usability

We take great pride in offering you a user-friendly and hopefully, enlightening, experience on our website. We expect the same from the online brokers and CFD providers offering their services to you. By visiting the official websites and creating demo accounts, we’re able to identify which operators offer customers the best user experience. Ease of navigation and low-latency is important, especially when you’re trading on a daily basis. You’ll want to know that your chosen platform is able to provide a consistent interface that is innovative and intuitive.

Trading Platforms 

One of the most important aspects of an online broker and CFD provider is the trading platforms employed. Nowadays, you can expect a range of different platforms, each serving a certain trader or trading product. However, the standardized platforms one can expect include a web, desktop, and mobile platform. These three provide users with sufficient access wherever they may find themselves. We’ll assess the strengths and weaknesses of each platform and rate them accordingly.

Payments and Deposit Protection 

Funding your account shouldn’t be a hassle and you’ll definitely want to know that your money is safely secured. We’ll do a deep dive into the security measures and protocols put in place by each online broker or CFD provider. Sensitive information must be encrypted and stored securely. We’ll identify which type of security certificates are in the possession of the brokers, and list all possible payment methods. Nowadays, it’s relatively easy funding an online account. We’ll outline the steps you need to take in order to link your broker or provider account with your chosen payment method.

Customer Service 

We value our readers, and put special emphasis on the ability of providers to look after their own clients. A strong customer service department is a fundamental building block to the success of any online company. Staying engaged with clients and addressing any queries or problems is vital. We’ll outline all the available contact information and communication avenues at your disposal. For traders, this is especially important. Trading can be an around-the-clock endeavor and we’ll ensure you know exactly how to get hold of your provider, no matter the time of day.

Trading Products 

A large slice of our broker and CFD provider reviews analyze the trading products on offer by each respective operator. Whether you’re looking for the best online futures brokers or the best online CFD provider for commodities CFDs, we will outline the available trading products that you can expect to trade with if you sign up with an operator. We’ll provide you with clarity on the pricing of each trading product and to what degree, you have access to various exchanges. We’ll link this to the available platforms you have at your fingertips and which go hand in hand.

Conclusion – Broker Reviews Round Up

We hope that you find our online broker reviews helpful and that they act as a guide in your decision-making process. The broker or CFD provider reviews will be updated to reflect accurate, current information and you’ll always have up-to-date online broker deals and promotions available at the click of a button. We’re set on providing our readers with expert tips and knowledgeable reviews that make your life easier.

To end off, we’d like to mention that choosing an online broker or CFD provider should be an exciting experience. The world of online trading might be volatile and unexpected at times, but it’s stimulating and empowering too. Having the ability to manage your own finances and make accurate, informed choices is a fantastic thing. In order to do so, you’ll need an operator that you can trust. Our broker and CFD provider reviews will provide you with just that – an online broker with the right capabilities.

Top Crypto Sites
WBroker
WBroker
WBroker Review
4.7/5
eToro
eToro
eToro Review
4.7/5
TMGM
4.7/5
FP-Markets
FP-Markets
FP-Markets Review
4.7/5
Eightcap
Eightcap
Eightcap Review
4.7/5
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Receive the latest trading news by email + our free eBook
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. 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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