Top 10 Best CFD Brokers in Australia in 2022

This article will explore the 10 best CFD brokers in Australia.

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There are many options when it comes to investing. There are many ways to invest. Some people prefer to get involved more in the markets, while others prefer to let professionals do the work.

Whatever your financial goals, it is important to learn about financial derivatives. Financial derivatives allow you to speculate on the movements of currencies, commodities, interest rates, and other financial markets.

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CFDs, leveraged trading, and forex trading have become popular. But what exactly are they? Are they right for me? Continue reading to learn more.

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Best CFD Brokers in Australia
Photo credit: Infinox

List of the Top 10 Best CFD Brokers in Australia

Here are the top 10 CFD brokers in Australia:

1. eToro

eToro, a social trading platform, allows users to trade options, shares, forex, commodities, and many other financial assets. It is easy to use and extremely secure.

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The platform allows you to log in, and your account details are safe and secure. eToro’s security features include a 2-step authentication process, 128-bit encryption, and a kill button to protect your funds in case of a phone or computer crash.

eToro employs an algorithm to match users to the best trades. This is why it is often compared with an auction-based trading platform.

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If you start in financial trading, creating an account without requiring a minimum investment is possible.

2. E-Trade

E-Trade, a well-known online brokerage, will be one of Australia’s top 10 CFD brokers in 2022. E-Trade has been in existence since 1999, and it is now part of MF Global.

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E-Trades allow you to trade various commodities and financial assets, and it is easy to use and has robust trading features. 

3. Binance

Binance is a cryptocurrency exchange that contrasts with other brokerages, which only focus on financial assets.

Binance Binance Binance Binance Binance, like E-Trade, is a well-known online broker, and it is also one of the top 10 most trusted CFD brokers in Australia for 2022. Binance is unique in that it supports many cryptocurrencies.

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4. Interdealer

Interdealer CFD mixes retail and institutional clients and can be customized with order types and risk levels.

Interdealer CFDs can be used by people with limited financial knowledge who wish to build a diverse investment portfolio.

5. Icommodities

Icommodities is a platform for trading commodities that can be used to transact across national borders and regionally.

Uniquely, the platform is cash-based, which means that it doesn’t rely on brokers to finish your trade.

You may purchase and sell commodities with cash on the site without using a broker. The downside to I commodities? It only trades a select number of commodities and is not available in all regions.

6. EasyMarkets

EasyMarkets is another option to diversify your portfolio. You can choose from 36 spot currency pairs and 48 FX forwards, and 57 currencies can be crossed with metals.

They also allow you to trade Ripple, Ethereum, and Bitcoin. EasyMarkets is also a top-rated broker in APAC, having been awarded the ADVFN International Financial Awards ‘Best APAC Regional Broker 2018’.

7. ThinkMarkets

ThinkMarkets offers a variety of CFDs, including 154 currency pairs and cryptocurrency CFDs.

Another benefit is the super-fast execution of market orders, which they claim has no interference thanks to their partnership with Equinix.

Also, funds are safely separated in a top-tier bank. ThinkMarkets is an excellent option if you’re looking to build a diverse portfolio.

8. ActivTrades

ActivTrades is considered safe due to its long track record and regulation by the FCA. This is a top-tier financial authority.

CFDs can be complex instruments that could rapidly lose money due to leverage. This provider is responsible for 60% of the losses in retail investor accounts.

It’s critical to grasp the fundamentals of CFDs and determine whether you can afford the high risk of losing your money.

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9. CMC Market

CMC Markets, a forex and CFD broker worldwide, was established in 1989. Several authorities regulate it globally, including the UK Financial Conduct Authority (FCA).

CMC Markets’ reliability is evident in its long track record; it is listed on a stock exchange and regulated top-tier by authorities.

CFDs can be complex instruments subject to high leverage and have a high chance of losing money quickly.

This provider is responsible for 69% of all retail investor accounts losing money trading CFDs.

It’s critical to grasp the fundamentals of CFDs and determine whether you can afford the high risk of losing your money.

10. City Index

City Index is considered safe due to its long track record and top financial authorities regulating it, and its parent corporation is likewise publicly traded.

CFDs can be complex instruments subject to high leverage and have a high chance of losing money quickly.

This provider loses 73% of retail investor money trading CFDs. It’s critical to grasp the fundamentals of CFDs and determine whether you can afford the high risk of losing your money.

Read also:

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10 Best Forex Brokers Accepting Canadian Clients

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What you Need to Know About Australia’s Commodity Trading Platforms

There are many types of forex trading. Many people don’t know this. Finding the appropriate forex broker cannot be simple.

The broker’s extensive knowledge and experience allow traders to trade on commodities and financial markets.

Having the support of a broker allows clients to trade more efficiently and avoid costly mistakes.

What is the Function of CFD?

Financial derivatives are a different kind of trading than stock and bond trading. Instead of holding one security for a long time, you can buy several different assets with different terms.

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Then you trade them against each other to make money. CFD Brokers Australia best offers various financial derivatives that suit different investors.

You buy the right to own security, such as a stock, bond, or iron ore ETF. The security is not being purchased.

However, a financial derivative is a way to speculate on the security. You are effectively purchasing the right to shorten that security.

CFD in Australia: The Pros and Cons

CFD pros: High price-performance, the potential for long and short positions, risk management, and professional support. CFD cons: Not as user-friendly.

The Australian currency trading platform may benefit both regular and institutional investors.

They may be used to gain access to a variety of financial assets and goods, as well as to speculate on currency changes.

You can make the most of Australia’s best currency trading platforms by taking advantage of their many features.

These include 24/7 customer support, robust security systems, and advanced charting and trading capabilities.

Customer service and trading volume are important in determining the best forex broker in Australia.

Many forex brokers claim to be the best, but it is important to thoroughly research each broker’s performance to find the one that suits you best.

These 10 brokers were voted the best forex brokers in Australia. The bottom of this article provides a detailed explanation of the methodology and the list.

Watch the video below to know the best CFD brokers in Australia:

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