CFD :Top 4 Best and Trusted Brokers Australia Regulated By ASIC

Getting started in a good way is very important to achieve success in forex trading. With this consideration we have made a summary of aspects that you should take into account when choosing the best online CFD racers in Australia regulated by the Australian Securities and Investment Commission (ASIC).

The 5 most important points you should search before registering with a broker are:

# 1: Is it easy to use the broker platform software?

There’s nothing worse than trying to find the best way in the broker’s website.

For this reason it is better to open a demo account that is free and check how easy or difficult it is to open a chart, place crafts, correct orders and review or view news updates. You will not waste much time understanding how the software works. You can ask the CFD broker with whom you plan to work if you provide some basic tutorials on how to use the software, this will help you very much

The vast majority of CfD racers provide the MetaTrader 4 and Ctrader platforms. MetaTrader 4 (MT4) is the most popular and widely used platform. Ctrader, provided by Spotware, is also very good and comes with many built-in features. Initially, Ctrader was used as a forex trading platform. However, some brokers have begun to provide CFDs on indexes and other instruments on this platform.

The best CFD trading brokers in Australia regulated by ASIC

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Resultado de imagen para plus 500

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# 2: What features are available on the broker trading platform?

Depending on your needs:

We must check if the graphics functions are available; But if you are just looking for a broker to make orders quickly, this feature may not be necessary for you.

Locate or search for a broker that allows for advanced ordering placement; If you are thinking only to place standard orders, then look for one that offers you competitive pricing.

We must find out if the broker provides a daily analysis of the market prepared by a team of experts.

Make sure the broker provides you with notifications when certain pricing levels are reached either via SMS or via e-mail.

We must make sure that the broker provides you with a free application for Android and iphone so you can trade online.

# 3: What commissions does the broker charge?

When evaluating the best online CFD trading brokers regulated by ASIC, it is important to take into account the fact that the commissions are not the end of everything. The fixed cost that all brokers charge is brokerage. We must consider that it is not a good idea to pay a lot in brokerage. Therefore, you should check out the CFD brokerage rates of runners under consideration.

By dealing with Forex trading, indexes and commodities, you should make sure that the extensions they offer are strict. You should also find out if there are other costs involved. When evaluating CFD racers, you should ask about the following charges:

Commission charges

CFD Financing Rates
Software quotas (IRESS or other platform fees)
Access to relevant exchanges (e.g., ASX data)

# 4: What range of markets does the broker offer?

This consideration is very important. Market leaders offer almost every world market from a single account. They include forex, indexes, raw materials and stocks. For this reason, direct market access corridors (DMA) usually focus on local exchange. Therefore, the costs involved in trade in international markets can be quite high.

# 5: How renowned is the broker and what security features do you offer?

It is a key factor the reputation and security that we need to take into account when evaluating the best online CFD racers in Australia. Some questions we have to ask ourselves are:

is brokerage a publicly traded company?

What is the time that the brokerage takes in the business?
What do other traders think about the broker on online review websites?

Choose to work with only those who have a good reputation and are financially healthy.

In conclusion, the choice of the trusted CFD trading broker involves testing your trading platforms and making sure that you feel comfortable working with them.

Having discussed how you can choose the best online cfd broker in Australia regulated by ASIC, here are some recommended by us for further research at your end:

# 1: Pepperstone

Pepperstone, a running-only forex, as well as the CFD broker, offers its customers trade solutions that cater to veteran and novice traders. This company was founded in 2010, has its headquarters located in Melbourne, Australia. In addition it also has offices in Shanghai, China and Dallas, USA Pepperstone offers CFDs on indices.
Broker type – Electronic/Right communication network with process and direct market/right access through the process
Regulation – Australian Securities and Investment Commission (ASIC)
Platforms – Metatrader4, Ctrader
Minimum Deposit – $200
Deposit Options – Bank, debit card, credit card, WebMoney, Neteller, FasaPay, Skrill, Bpay, Poli, Qiwi, PayPal, UnionPay (China), etc.
Maximum Leverage – 400:1
Minimum batch size – 0.01
Spreads-Variable
Lower spreads per EUR/USD – more than 0.5 pips for Mini and standard; More than 0.1 pips for ECN
# 2: XM
XM.com, whose trade name Trading Point Holdings Ltd, is owned, as well as operated by the trading point of Financial Instruments Ltd, which is regulated by cysec. He is also a registered forex broker in the European Union.
XM is headquartered in Limassol, Cyprus. On the XM platform, you can trade with CFDs on indices, commodities, stocks, metals and energies. XM has applied for the FSB license (Application # 47346). XM is considered to be a leader in terms of commercial performance. The broker does not follow any policy of requote/rejection and runs 99.35 percent of the operations in less than a second.
Broker Type – DMA/STP, MM
Regulatiion – Cyprus Securities and Exchange Commission (CYSEC), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Minimum deposit – $5
Deposit options – Bank wire, Neteller, Skrill, WebMoney, credit card, westernunion, MoneyGram, Comfort, UnionPay (China), etc.
Maximum Leverage – 888:1
Minimum batch size – 0.01
Spreads-Variable
Lowest spreads for EUR/USD – more than 1
# 3: AvaTrade
AvaTrade, is one of the pioneers in the field of online forex trading from 2006 onwards, it is created with the purpose of providing a great experience of online trading to retail traders. In Muyuy little time, AvaTrade had more than 20,000 registered customers running more than 2 million stores in one month worldwide. This company has operations that exceed $60,000,000,000 in a month. AvaTrade offers even bitcoin CFDs.
Type of broker – Market maker
Regulation – Australian Securities and Investment Commission (ASIC); Central Bank of Ireland; Association of Financial Futures, Japan; Financial Services Board (FSB), South Africa and the Israel Securities Authority (ISA)
Platforms – MetaTrader 4, Avatrader
Minimum Deposit – $100
Deposit options – Bank wire, PayPal, WebMoney, Skrill, credit card, Neteller, prepaid Master card, etc.
Maximum Leverage – 400
Minimum batch size – 0.05
Spreads-Fixed
Lowest spreads for EUR/USD – 3
# 4: Plus500
Plus500 Forex trading Platform is provided by Plus500CY Ltd., which is a company that has headquarters in Cyprus and in Limassol. This corridor is authorized as well as regulated by the Cyprus Securities and Exchange Commission. You can exchange stocks, forex, Commodities and CFDs indices on the Plus500 platform.
Type of broker – Market maker
Regulation – Cyprus Securities and Exchange Commission (CYSEC), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Platforms – Windows Trader, Webtrader
Minimum Deposit – $100
Deposit Options – Bank, PayPal, credit card, Skrill, etc.
Maximum Leverage – 50:1
Minimum batch size – 0.01
Spreads-Fixed
Lowest spreads for EUR/USD – 2

 

 

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