7 Best Day Trading Brokers in Australia for 2025

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Adam Woodhead
Adam Woodhead

Adam Woodhead

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Adam is a Co-Founder and content creator for The Investors Centre. His key areas of interest and expertise are cryptocurrency and blockchain technology.

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Thomas Drury
Thomas Drury

Thomas Drury

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Seasoned finance professional with 10+ years' experience. Chartered status holder. Proficient in CFDs, ISAs, and crypto investing. Passionate about helping others achieve financial goals.

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Updated 09/01/2025

Quick Answer: What Is the Best Broker for Day Trading in Australia?

eToro is the top platform for Australian day traders. Its social trading feature allows users to copy experienced traders, while low fees and a demo account make it ideal for beginners. Advanced traders may find its tools slightly limited.

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Here Are the Top 7 Best Day Trading Brokers in Australia:

  1. eToro – Best for user-friendly interface and social trading.
  2. CMC Markets – Excellent for a wide range of trading assets.
  3. Pepperstone – Offers fast execution and advanced forex tools.
  4. Admirals – Comprehensive platform with global market access.
  5. AvaTrade – Great for beginners and automated trading options.
  6. Interactive Brokers – Ideal for professional traders needing advanced tools.
  7. Saxo – Premium features for serious investors and global asset access.

Comparison of Forex Brokers in Australia

RankBroker NameRegulationSpreads FromCommission per LotAUD Pairs AvailablePlatform Features
#1eToroASIC, CySEC1 pipNoneModerateUser-friendly interface, social trading, demo accounts
#2CMC MarketsASIC, IIROC0.7 pipsNoneExtensiveAdvanced tools, user-friendly interface
#3PepperstoneASIC, FCA0.6 pips$3.50Wide rangeMT4/MT5, cTrader, low-latency execution
#4AdmiralsASIC0.5 pipsVaries by accountComprehensiveGlobal market access, robust analytics
#5AvaTradeASIC, IIROC1.3 pipsNoneLimitedAutomated trading, AvaProtect risk tool
#6Interactive BrokersASIC, FINRA0.2 pipsLow-volume basedGlobal marketsAdvanced trading tools, API integrations, global scanners
#7SaxoASIC, FCA0.6 pips$6.00Premium rangePremium features, advanced analytics, custom dashboards

Choosing the right platform is crucial for your success as a trader. I’ve tested numerous platforms over the years, and the ones that made this list excel in fees, usability, and trading tools.

 

Whether you’re just starting out or a seasoned trader looking for advanced features, there’s something here for everyone. From intuitive platforms like eToro to professional-grade tools offered by Interactive Brokers, these platforms cater to a variety of needs.

7 Best Day Trading Platforms in Australia

#1 eToro – Most User-Friendly Platform for Australians

Why It’s Ranked #1

eToro is the top choice for Australian day traders, thanks to its ease of use and innovative features. With a demo account and social trading tools, it’s ideal for beginners exploring the world of day trading.

What Are the Pros & Cons?

eToro charges no commission on stocks but applies a 0.5% currency conversion fee for non-USD deposits. Spreads start at 1 pip for forex trades, making it competitive for most Australian traders.

Key features include CopyTrader, where you can replicate the strategies of successful traders, customisable charts, and access to a broad range of assets like crypto, forex, and stocks.

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#2 CMC Markets – Ideal for Access to a Wide Range of Assets

Most retail investor accounts lose money when trading financial instruments. Ensure you fully understand the risks before investing.Take 2 mins to learn more.

Why It’s Ranked #2

CMC Markets offers one of the most extensive ranges of tradable assets in Australia, including shares, forex, commodities, and ETFs. Its platform is highly reliable and packed with analysis tools for serious traders.

What Are the Pros & Cons?

CMC Markets charges competitive spreads, but forex fees can be on the higher side compared to other platforms. The absence of fixed commissions on CFDs is a plus.

Its Next Generation platform offers advanced charting, over 80 technical indicators, and market insights, making it a favourite among experienced traders.

#3 Pepperstone – Offers Fast Execution and Advanced Forex Tools

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Why It’s Ranked #3

Pepperstone excels in providing lightning-fast execution and advanced tools for forex trading, making it a favourite among Australian traders. Its focus on low-latency execution ensures trades are processed quickly during high volatility.

What Are the Pros & Cons?

Pepperstone charges no commissions for Standard accounts, with spreads starting from 0.6 pips. Razor accounts have $3.50 per lot commission, offering ultra-tight spreads for active traders.

Its tools include MetaTrader 4/5, cTrader, and risk management options like stop-loss orders. I appreciated the low latency execution, especially during major market events.

admirals logo

#4 Admirals – Complete Platform with Global Market Access

Most retail investor accounts lose money when trading financial instruments. Ensure you fully understand the risks before investing.Take 2 mins to learn more.

Why It’s Ranked #4

Admirals, formerly Admiral Markets, is a versatile platform offering global market access. Its wide range of tradable assets and robust tools make it a reliable option for intermediate and advanced traders in Australia.

What Are the Pros & Cons?

Admirals offers tight spreads starting at 0.5 pips and charges commissions depending on the account type. A $10 inactivity fee applies after 24 months of no trading activity.

Admirals provides access to MetaTrader 4/5, allowing custom indicators, expert advisors, and advanced charting. Their educational resources and webinars are excellent for honing trading skills.

#5 AvaTrade – Great for Beginners and Automated Trading

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Why It’s Ranked #5

AvaTrade is beginner-friendly and offers robust automated trading options. Its AvaProtect feature is unique, allowing traders to hedge against potential losses for a fixed fee.

What Are the Pros & Cons?

AvaTrade features low spreads on forex pairs and no commissions. However, inactivity fees apply after three months of no trading activity.

AvaTrade offers AvaSocial for copy trading and AvaProtect for risk management. MetaTrader 4/5 integration ensures access to standard tools and strategies, while the platform also supports mobile trading through its intuitive app.

Interactive brokers logo in red

#6 Interactive Brokers – Ideal for Professional Traders

Most retail investor accounts lose money when trading financial instruments. Ensure you fully understand the risks before investing.Take 2 mins to learn more.

Why It’s Ranked #6

Interactive Brokers is a platform tailored to professional traders. Its advanced tools and global reach make it a go-to choice for serious day traders in Australia.

What Are the Pros & Cons?

Interactive Brokers uses a volume-based fee structure, which can result in very low trading costs for active traders. Inactivity fees apply for accounts not meeting minimum trading requirements.

The Trader Workstation (TWS) platform is packed with advanced features like risk management, API integrations, and global market scanners. However, the interface is geared toward seasoned traders, which can make it intimidating for beginners.

saxo logo in blue

#7 Saxo – Premium Features for Serious Investors

Most retail investor accounts lose money when trading financial instruments. Ensure you fully understand the risks before investing.Take 2 mins to learn more.

Why It’s Ranked #7

Saxo is known for its premium trading experience, providing advanced tools and access to over 40,000 instruments. It’s ideal for investors seeking a high-end platform with global market access.

What Are the Pros & Cons?

Saxo has a tiered pricing structure, with higher fees for entry-level accounts. Commissions start at $6 per trade, and premium accounts offer lower fees with higher minimum deposits.

Saxo provides access to the SaxoTraderGO and SaxoTraderPRO platforms, offering advanced analytics, risk management tools, and customisable dashboards. These tools are designed for experienced traders and investors.

2025 Outlook: What Does the Future Hold for Day Trading in Australia?

Day trading in Australia is poised for exciting growth in 2025. Mobile trading apps are becoming increasingly sophisticated, providing tools that were once exclusive to desktop platforms. This makes it easier than ever for traders to monitor markets and execute trades on the go.

 

ASIC’s regulatory oversight continues to ensure safe and transparent trading environments, particularly with the rise of retail traders. For Australians, this means more confidence when navigating volatile markets, whether in forex, crypto, or traditional stocks.

 

Cryptocurrencies and forex trading are expected to dominate, as traders seek high-volatility assets with the potential for substantial returns. According to Statista, the Australian dollar remains a popular forex choice, with a daily turnover of $119.15 billion in 2019. This reflects the growing appetite for forex trading among Australian traders (statista.com).

 

Additionally, platforms are beginning to integrate advanced risk management tools, ensuring that traders are better prepared for market volatility. I personally look forward to the increasing customisation of these platforms to suit traders’ specific needs.

A Practical Guide to Starting Day Trading in Australia

How Can You Grasp Market Trends and Volatility?

Understanding market trends is vital for day trading. Use platforms with advanced charting tools and follow financial news to stay updated. Personally, I rely on daily reports from platforms like CMC Markets to interpret patterns and make informed decisions.

Which Strategies Should Beginners Focus On?

Start with simpler strategies, like trend-following or breakout trading. When I began, I stuck to trend-following as it aligned with observable market movements. Avoid overcomplicating things—focus on learning one strategy thoroughly before diversifying.

How Do You Use Analytical Tools for Decision Making?

Analytical tools such as technical indicators and candlestick charts are crucial. I use tools from platforms like eToro to identify entry and exit points. Remember, practice makes perfect—demo accounts are great for mastering these tools.

What Criteria Should You Use to Select a Trading Platform?

Choose a platform based on fees, usability, and tools. When I was starting out, I valued simplicity over technical complexity. Platforms like AvaTrade offered a straightforward interface that didn’t overwhelm me.

What Rules Do Successful Traders Follow?

Stick to a trading plan and avoid emotional decision-making. Early on, I learned that consistency matters more than chasing quick wins. Risk management, such as setting stop-loss orders, helped me mitigate losses and preserve capital.

Key Australian Markets for Day Trading Opportunities

Why Is the ASX Central to Stock Day Trading in Australia?

The ASX offers a diverse range of stocks, making it ideal for day trading. Australian stocks often follow predictable patterns due to sectoral focus, such as mining and banking, giving traders opportunities to capitalise on daily market movements.

What Makes Forex Trading Profitable for Australians?

The forex market’s high liquidity and volatility create ideal conditions for day traders. I’ve seen success trading AUD/USD pairs, particularly during overlap hours with European markets, which offer increased activity and tighter spreads.

How Can You Leverage Commodities and Futures in Australia?

Commodities like gold and oil are closely tied to global markets, presenting high volatility and trading opportunities. Futures contracts, available on platforms like Interactive Brokers, allow traders to speculate on price movements with precision.

Comparison of Key Australian Day Trading Markets

MarketOpportunitiesVolatilityBest Strategies
ASX StocksDiverse sectors like mining and bankingModerateTrend trading, news-based trades
ForexAUD/USD pairs with high liquidityHighSwing trading, breakout trading
CommoditiesGold and oil with global market influenceHighMomentum trading, futures trading

Methods Most Often Used for Day Trading

How Can Breaking News Influence Your Trades?

News events can cause significant price swings. Monitor global and local financial news to react quickly. Platforms like eToro provide alerts on key events, helping traders take advantage of sudden opportunities.

What Is the Role of Swing Trading in Market Timing?

Swing trading helps you capture medium-term trends over several days. I’ve often used this strategy to hold positions overnight, especially when anticipating price continuation based on market momentum.

How Can Trend Trading Help You Capitalise on Momentum?

Trend trading focuses on identifying and riding market trends. This strategy works well for assets like forex and commodities, which often exhibit strong upward or downward movements over short periods.

Why Should Money Flow Analysis Be Part of Your Toolkit?

Money flow analysis tracks buying and selling pressure in the market. I rely on indicators like the Money Flow Index (MFI) to spot reversals and identify high-volume trading zones.

Summary of Day Trading Strategies

StrategyFocusDifficultyTypical Outcome
Breaking NewsReacting to news eventsMediumQuick profits from price swings
Swing TradingHolding positions overnightEasyModerate gains over a few days
Trend TradingRiding market trendsEasyConsistent profits in strong trends
Money Flow AnalysisTracking buying/selling pressureMediumSpotting high-volume reversals

FAQs

Top ASIC-regulated platforms include eToro, CMC Markets, and Pepperstone. These brokers adhere to strict Australian laws, ensuring secure and transparent trading experiences for users.

You can start day trading in Australia with as little as $100. However, having $1,000 or more provides more flexibility and lowers the impact of fees on your trades.

The ASX is open from 10 AM to 4 PM AEST. The opening and closing hours are often the most volatile and offer the best opportunities for day traders.

For beginners, eToro is highly recommended due to its demo account, simple interface, and CopyTrader feature.

Yes, forex trading is popular among Australians. Platforms like Pepperstone and CMC Markets offer excellent tools and low spreads for forex trading.

Our #1 Rated Day Trading Broker

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