Best brokers for beginners in Australia

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (19 of 76 counts · 64 brokers onboarding Australian residents)

19of 76

qualify for this ranking

25% of 76

16of 19

scored on all six axes

84% of 19

73of 76

publish a price

96% of 76

42of 76

publish a leverage figure for this country

55% of 76

Top 3 (of 3 ranked)

1Capital.com4.54highest score of the three · locally licensed · withdrawal in 24 h 2Forex.com4.51locally licensed 3Mitrade4.42locally licensed · withdrawal in 24 h

Best brokers for beginners in Australia (19 of 76)

By slice score, formula v1.0. · 19 of 64 brokers in this ranking · all 19

#	Broker	Round turn, USDAU	Min deposit, USDAU	Leverage	Withdrawal, hAU	Score	Execution	Founded	Funding
1	Capital.com	6	20 AUD	30AU	24	4.54	Standard	2008	2 methods
2	Forex.com	12	—	—stated, not verified	—	4.51	Standard	2001	2 methods · local
3	Mitrade	6	—	30AU	24	4.42	Standard	2011	2 methods · local
4	Doo Prime	7	—	—stated, not verified	24	4.33	ECN/raw + standard	2014	—
5	TMGM	7	15	30AU	24	4.31	ECN/raw + standard	2013	—
6	ActivTrades	4.2	—	400AU	24	4.02	ECN/raw	2001	3 methods
7	CFI	—	—	500AU	24	4.02	ECN/raw + standard	1998	—
8	eToro	10	—	—stated, not verified	48	4.01	Standard	2007	1 methods · local
9	VT Markets	6	100	500 groupAU	72	3.96	ECN/raw + standard	2015	3 methods · local
10	LiteFinance	5	—	1000AU	24	3.93	ECN/raw + standard	2005	3 methods · local
11	ATFX	7	—	30AU	72	3.87	ECN/raw + standard	2014	3 methods · local
12	Dukascopy	8	—	200AU	48	3.77	ECN/raw + standard	2004	3 methods
13	InstaForex	—	1 group	5000AU	7	3.71	ECN/raw + standard	2007	3 methods
14	IG Markets	13.6	100	30AU	120	3.68	ECN/raw + standard	1974	3 methods
15	Saxo Bank	9	—	—stated, not verified	24	3.67	Standard	1992	2 methods · local
16	FXGT	6	5 group	5000AU	72	3.58	ECN/raw + standard	2019	—
17	Alpari	8	—	500 groupAU	24	3.56	ECN/raw + standard	1998	—
18	Milton Prime	—	300 group	500AU	24	3.56	—	2015	2 methods · local
19	Swissquote	16	—	—stated, not verified	24	3.5	ECN/raw + standard	1996	3 methods

Ten are shown; the button opens the rest.

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

Capital.com publishes a retail leverage of 1:30 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

Identical for every row, so it is stated once: Who onboards Local · ASIC · Swap-free fee none, no limit · AUD account Yes.

1. Capital.com — highest score of the three · locally licensed · withdrawal in 24 h (score 4.54)

Round turn: 6 USD
Min deposit: 20 AUD USD
Withdrawal: 24 hours
AUD account: AUD, USD, EUR
Leverage: 30AU
Accepts residents: yes
Onboarding entity: Capital Com Australia Pty Ltd
Founded: 2008
Group leverage: uncleargroup
Instruments: 3,000+ derivatives
Platforms: MT5cTraderWebTradingView
Funding: Cards and wire
Not served: United States, Canada, Belgium, Japan, Singapore, New Zealand, India

Reviews25%75
Round-turn cost20%95
Safety90
Payouts15%80
Track record10%
Platforms

Why it ranks here

Round turn 6 USD against the slice median 6 USD. strongest axis round-turn cost 95 of 100. total score 4.54.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of Capital.com

2. Forex.com — locally licensed (score 4.51)

Round turn: 12 USD
AUD account: AUD, USD, EUR, GBP
Accepts residents: yes
Onboarding entity: StoneX Financial Pty Ltd
Founded: 2001
Register: https://www.stonex.com/en-us/media-room/press-releases/forexcom-lands-in-australia-expanding-opportunities-for-self-directed-customers/ · 11.10.2026
Group leverage: unclear
Instruments: FX, CFDs, shares, crypto
Platforms: MT5MT4Web
Funding: Card, bank transfer
Not served: Afghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Cuba, Democratic Republic of Congo, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea Bissau, Guinea, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Ivory Coast, Jamaica, Lebanon, Liberia, Libya, Mauritius, Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Republic of Congo, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, Zimbabwe

Why it ranks here

Round turn 12 USD against the slice median 6 USD. strongest axis safety 100 of 100. total score 4.51.

Watch for

Min deposit 200 USD, double the Australia median of 50; withdrawal time not published.

Full review of Forex.com

3. Mitrade — locally licensed · withdrawal in 24 h (score 4.42)

Why it ranks here

Round turn 6 USD against the slice median 6 USD. strongest axis round-turn cost 95 of 100. total score 4.42.

Watch for

Onboards Australian residents through an offshore entity: no ASIC licence, no ASIC complaints route, no AUD account.

Full review of Mitrade

What the data shows(19 of 76 distributions · 64 brokers)

Swap-free availability (19 of 76 brokers)

Offered30Not offered14

Admin fee after the free period (19 of 76 swap-free)

Never16After 3–30 days9not published5

Who onboards Australian residents (19 of 76 brokers)

Local ASIC entity20Offshore entity24

AUD account (19 of 76 brokers)

Yes16No23not published5

Minimum deposit, USD (23 of 76 · median 20 USD)

16<100

5100-200

1200-300

1300-400

0400+

Free demo account offered (76 of 76)

75Yes

1Not stated

Full list(19 of 76)

1Capital.com4.54
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20 AUD
Leverage
30AU
AUD
Yes
2Forex.com4.51
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
12
AUD
Yes
3Mitrade4.42
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Leverage
30AU
AUD
Yes
4Doo Prime4.33
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
AUD
Yes
5TMGM4.31
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
15
Leverage
30AU
AUD
Yes
6ActivTrades4.02
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
4.2
Leverage
400AU
AUD
Yes
7CFI4.02
Onboards
Local · ASIC
Swap-free
none, no limit
Leverage
500AU
AUD
Yes
8eToro4.01
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
10
AUD
Yes
9VT Markets3.96
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100
Leverage
500 groupAU
AUD
Yes
10LiteFinance3.93
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
5
Leverage
1000AU
AUD
Yes
11ATFX3.87
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
7
Leverage
30AU
AUD
Yes
12Dukascopy3.77
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
8
Leverage
200AU
AUD
Yes
13InstaForex3.71
Onboards
Local · ASIC
Swap-free
none, no limit
Min deposit, USD
1 group
Leverage
5000AU
AUD
Yes
14IG Markets3.68
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
13.6
Min deposit, USD
100
Leverage
30AU
AUD
Yes
15Saxo Bank3.67
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
9
AUD
Yes
16FXGT3.58
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
5 group
Leverage
5000AU
AUD
Yes
17Alpari3.56
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
8
Leverage
500 groupAU
AUD
Yes
18Milton Prime3.56
Onboards
Local · ASIC
Swap-free
none, no limit
Min deposit, USD
300 group
Leverage
500AU
AUD
Yes
19Swissquote3.5
Onboards
Local · ASIC
Swap-free
none, no limit
Round turn, USD
16
AUD
Yes

How to read this ranking

Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
Check which company would onboard you.
The same brand can take a resident of Australia through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
Read the cost beside the deposit.
The median round turn across this country is 6.0 USD and the median minimum deposit 15.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 5 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in Australia?: 19 of 76 brokers measured for this country qualify.
Which broker leads it, and on what basis?: Capital.com leads it with a score of 4.54. The order is computed score, highest first; unscored brokers follow.
What does a trade typically cost here?: The median round turn - spread plus commission for one standard lot, in and out - is 6.0 USD across the brokers that publish both parts.
Why do some rows show a dash instead of a figure?: Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.

How this slice is scored

Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

Verified · What changed · Sources(19 of 76 broker records)

Verified01.10.2026

data re-captured 28.09.2026

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.