Crypto CFD issuers in Australia compared

This hub helps you compare Australian retail crypto CFD providers on dated evidence rather than marketing claims. Start by identifying the legal entity behind each service and the retail terms that apply to your country before you rank or filter anything. CFDs do not give you ownership of the underlying cryptocurrency, as provider documents such as the Capital.com target market determination and the IG target market determination state.

Some providers pay us a commission when readers open an account through our affiliate links. Our lists are not ordered by commission; each hub states how its list is ordered. How we make money

What the comparison evidence covers

The issuer list on this page follows one rule: issuers with dated Australian retail product documents on record come first, and issuers without them follow. On 9 October 2026 both groups are in alphabetical order. The order is not a judgement of overall quality.

On 3 October 2026 we checked the Australian retail product documents, meaning product disclosure statements, target market determinations, account terms and the issuers' Australian product pages, for nine issuers: Capital.com, Eightcap, FP Markets, IC Markets, IG, OANDA, Pepperstone, Plus500 and Saxo Bank (through Totality Wealth). Each record notes the Australian service entity, the licence it declares and, where the documents state them, the retail crypto leverage and margin. On 9 October 2026 we looked up each of those nine Australian entities on ASIC's register of Australian financial services licensees, and each was listed with a current licence. Each row of the list shows the lookup and its date. We did not open accounts, place trades or measure spreads, and the list does not compare issuers' advertised spreads. The methodology sets out these steps.

Crypto CFD issuers by Australian retail documents

Issuers with dated Australian retail product documents on record are listed first, alphabetically. The order is not a ranking of overall quality.

Retail negative balance protection confirmed in documents checked 3 October 2026 and 14 October 2026: IC Markets, Pepperstone and Saxo Bank.

Dated Australian retail product documents on record

CFDs are leveraged products and most retail clients lose money. ASIC reported that 68% of retail CFD investors lost money in the 2024 financial year. ASIC media release 26-004MR

  1. Capital.com

    Australian retail documents Fields checked
    ASIC licence lookup Capital Com Australia Pty Ltd, AFSL 513393: listed, checked
  2. Eightcap

    Australian retail documents Fields checked
    ASIC licence lookup Eightcap Pty Ltd, AFSL 391441: listed, checked
  3. FP Markets

    Australian retail documents Fields checked ,
    ASIC licence lookup First Prudential Markets Pty Ltd, AFSL 286354: listed, checked
  4. IC Markets

    Australian retail documents Fields checked
    ASIC licence lookup International Capital Markets Pty Ltd, AFSL 335692: listed, checked
  5. IG

    Australian retail documents Fields checked
    ASIC licence lookup IG Australia Pty Ltd, AFSL 515106: listed, checked
  6. OANDA

    Australian retail documents Fields checked ,
    ASIC licence lookup OANDA Australia Pty Ltd, AFSL 412981: listed, checked
  7. Pepperstone

    Australian retail documents Fields checked
    ASIC licence lookup Pepperstone Group Limited, AFSL 414530: listed, checked
  8. Plus500

    Australian retail documents Fields checked
    ASIC licence lookup Plus500AU Pty Ltd, AFSL 417727: listed, checked
  9. Saxo Bank

    Australian retail documents Fields checked ,
    ASIC licence lookup Totality Wealth Limited, AFSL 280372: listed, checked

No Australian retail product documents on record

  1. AvaTrade

    Australian retail documents No Australian retail documents on record, which alone does not show whether the issuer accepts Australian residents.
    ASIC licence lookup Ava Capital Markets Australia Pty Ltd, AFSL 406684: listed, checked
  2. BlackBull Markets

    Australian retail documents No Australian retail documents on record, which alone does not show whether the issuer accepts Australian residents.
    ASIC licence lookup BBG Limited; Black Bull Group Limited: not found, checked
  3. eToro

    Australian retail documents No Australian retail documents on record, which alone does not show whether the issuer accepts Australian residents.
    ASIC licence lookup eToro AUS Capital Limited, AFSL 491139: listed, checked
  4. Exness

    Australian retail documents No Australian retail documents on record, which alone does not show whether the issuer accepts Australian residents.
    ASIC licence lookup Exness: not found, checked
  5. XM

    Australian retail documents No Australian retail documents on record, which alone does not show whether the issuer accepts Australian residents.
    ASIC licence lookup XM Global Limited; Trading Point Holdings Ltd: not found, checked

Build an issuer shortlist

The Australian service entity and retail crypto leverage each issuer's documents state, with the check dates. A documented entity is not an approval or a guarantee of eligibility.

14 issuers; 9 with Australian documents on record.
Australian service entity and retail crypto leverage from each issuer's documents
BrokerAustralian service entityRetail crypto leverageEvidence and date
AvaTrade Not checked Not checked No Australian documents on record
BlackBull Markets Not checked Not checked No Australian documents on record
Capital.com Capital Com Australia Pty Ltd Maximum 2:1 for retail cryptocurrency CFDs Document sourcesASIC licence lookup: Capital Com Australia Pty Ltd, AFSL 513393 listed, checked 9 Oct 2026
Eightcap Eightcap Pty Ltd Up to 2:1 for retail cryptocurrency CFDs Document sourcesASIC licence lookup: Eightcap Pty Ltd, AFSL 391441 listed, checked 9 Oct 2026
eToro Not checked Not checked No Australian documents on record
Exness Not checked Not checked No Australian documents on record
FP Markets First Prudential Markets Pty Ltd Up to 2:1 for retail cryptocurrency CFDs (50% initial margin) Document sourcesASIC licence lookup: First Prudential Markets Pty Ltd, AFSL 286354 listed, checked 9 Oct 2026
IC Markets International Capital Markets Pty Ltd Up to 2:1 for retail cryptocurrency CFDs Document sourcesASIC licence lookup: International Capital Markets Pty Ltd, AFSL 335692 listed, checked 9 Oct 2026
IG IG Australia Pty Ltd 2:1 at the stated 50% retail crypto margin Document sourcesASIC licence lookup: IG Australia Pty Ltd, AFSL 515106 listed, checked 9 Oct 2026
OANDA OANDA Australia Pty Ltd 2:1 (retail) Document sourcesASIC licence lookup: OANDA Australia Pty Ltd, AFSL 412981 listed, checked 9 Oct 2026
Pepperstone Pepperstone Group Limited Up to 2:1 for retail cryptocurrency CFDs Document sourcesASIC licence lookup: Pepperstone Group Limited, AFSL 414530 listed, checked 9 Oct 2026
Plus500 Plus500AU Pty Ltd Up to 2:1 on the Australian cryptocurrency CFD page Document sourcesASIC licence lookup: Plus500AU Pty Ltd, AFSL 417727 listed, checked 9 Oct 2026
Saxo Bank Totality Wealth Limited (formerly Saxo Capital Markets (Australia)) 2:1 maximum for retail clients (minimum 50% initial margin on crypto CFDs under the ASIC product intervention order) Document sourcesASIC licence lookup: Totality Wealth Limited, AFSL 280372 listed, checked 9 Oct 2026
XM Not checked Not checked No Australian documents on record

How to compare crypto CFD costs

Cost comparison only works when you hold the conditions constant. Work through these checks in order, using each provider's current documents and platform rather than promotional figures.

  1. Use the same instrument, currency, contract size, position quantity and account classification across every provider you compare. Figures quoted on a different basis need the same basis or an explicit conversion before you can compare them.
  2. Check that spread figures are expressed the same way. A spread quoted in points cannot be compared directly with a percentage spread or a different contract unit, so convert mismatched figures to a common basis before drawing conclusions.
  3. Check commission on each side of the trade, financing charges for your intended holding period, and any conversion or payment charges in the current provider documents and on the platform. Which of these applies depends on the product and your holding and payment conditions.
  4. Treat minimum or indicative spreads carefully: they do not establish actual all-in execution cost, which depends on the prices you actually receive.
  5. Remember that no common-source live spread measurements or cheapest-provider verdict were produced, so this hub does not rank providers on cost.

A commission-free label does not establish all-in cost; check the applicable spreads, financing and other charges in the current documents. For the practical steps around placing and managing a position, read the trading workflow guide, and use the worked calculator to test your own figures.

Compare two entered cost scenarios

Before entering any figures, normalise both scenarios to the same instrument, underlying quantity, price currency and contract basis, because the form does not convert pips, points, contract currencies or broker lot sizes. For each scenario, enter the common underlying quantity, the full bid/ask spread at opening and closing expressed as price-currency units per underlying unit, the total opening-plus-closing commission in that same currency, the total financing amount for your chosen holding period (a negative value represents a credit), and any other attributable charges in the same currency. Enter zero explicitly for any cost that does not apply, as blanks are not treated as zero.

The illustrative spread cost is the common quantity multiplied by half the sum of the two full spreads, measuring both sides against the corresponding quote midpoint. That spread cost plus the other entered cost amounts forms the scenario total, and all outputs are rounded to two decimal places. A lower total is only the arithmetic result of the entered scenario and is separate from a profit/loss illustration. The form does not establish quote comparability, measure live prices, validate eligibility, predict fills, include unentered slippage or taxes, or recommend a provider. Nothing here is investment advice.

Spread illustration = quantity × (opening full spread + closing full spread) ÷ 2

Common contract basis and currency
Scenario A
Scenario B

Which retail rules apply in Australia?

ASIC's retail CFD product intervention rules limit crypto-asset CFD leverage to 2:1 for retail clients, and the order was extended to 23 May 2027 (ASIC media release 22-082MR, ASIC media release 23-011MR). This is a rule about the product terms; it does not tell you whether any particular provider accepts you, whether a provider is safe, or whether you are legally eligible to trade.

Wholesale classification and overseas client terms are separate matters. Some providers classify clients as retail unless a wholesale classification is applied for and approved, as the IC Markets and Pepperstone product disclosure statements describe, but this hub makes no wholesale leverage recommendation. Check the current documents for the classification that would apply to you.

Historic Australian retail CFD losses

In the 2024 financial year, 68% of retail CFD investors in Australia lost money, according to ASIC, the corporate regulator, following its review of the sector (source: ASIC media release 26-004MR). That figure covers the Australian retail CFD sector as a whole, not cryptocurrency-only data, and it is not a current odds statement, an individual forecast, or a result for any broker in our shortlist.

Costs and leverage shape CFD outcomes, and lower entered costs alone do not establish safety or suitability. This content is general information only and does not constitute an investment recommendation. Readers should consider their own circumstances and the full scope of the ASIC findings before acting.

Before opening a CFD account

Work through these checks in order before committing to an application.

  1. Identify the legal entity, then read its licence declaration in its own documents. Treat that as a provider declaration and check the current ASIC register yourself; the issuer list above shows the date of our latest lookup. Read the current product disclosure statement, target market determination and account terms, not copies from other sites.
  2. Confirm your likely classification and the application assessment. Providers described conditions such as knowledge and experience assessments, suitability or appropriateness tests, and acceptance at provider discretion. These are selected conditions only and do not establish your individual eligibility.
  3. Check the contract instrument, the platform, server or market time zones relevant to your trading hours, and the current costs in the provider's documents.
  4. Rehearse in a demo account if one is available, and use the worked illustration to examine hypothetical losses before trading with real funds.
  5. Treat everything on this hub as general research information, not advice tailored to your situation.

For the account opening process in detail, read the account guide. For what a crypto CFD actually is, see the definition guide.

Use the shortlist tool and other comparisons

The issuer list on this page includes every crypto CFD issuer the site covers. The shortlist tool on this page filters issuers by the platform names on record and by whether Australian product documents are on record, and sends up to four issuers to the comparison page. An issuer without Australian product documents on record is neither approved nor rejected by that gap; we have not checked its Australian documents. For buying and holding crypto itself, and for how exchanges hold customer assets, the exchange comparison is the place to start.

Most searched crypto CFD brokers in Australia

In September 2026, IG was the most searched of the 14 crypto CFD brokers we review, on 11,310 branded Google searches from Australia. Search interest shows how often Australians search for each brand. It measures attention, not quality.

Brand searches, all 14 crypto CFD brokers
53,370September 2026, -13.6% vs August
Most searched
IG21.2% of all searches
Biggest riser (1,000+ searches)
FP Markets+45.2% vs August
crypto CFD brokers we review, ranked by branded Google searches from Australia in September 2026
# Name Brand searches per month vs August 12 months
1 IG 11,310 -24.0%
2 eToro 10,990 -17.5%
3 Pepperstone 9,150 -1.5%
4 Plus500 4,670 -17.6%
5 OANDA 4,610 -18.7%
6 Exness 2,940 -19.5%
7 BlackBull Markets 2,470 0.0%
8 Eightcap 2,060 0.0%
9 FP Markets 1,960 +45.2%
10 AvaTrade 940 -9.6%
Show all 14 crypto CFD brokers
Ranked 11 to 14 by branded Google searches from Australia in September 2026
# Name Brand searches per month
11 Capital.com 850
12 Saxo Bank 620
13 IC Markets 490
14 XM 310

Source: Google search volume, Australia, September 2026.

How this is measured

Google Ads reports how many times a month people in Australia searched each crypto CFD broker's brand terms, and the crypto CFD brokers are ranked on that figure alone.

A term counts for a crypto CFD broker only when that crypto CFD broker's own website holds the first organic Google result for it in Australia; bare brand words that any company could own are left out.

A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.

The figures refresh on the 15th of each month with the newest month Google has published, and the first-result check repeats every quarter.

About this comparison

This crypto CFD comparison hub is published by The Rock Trading as general research information for people comparing providers, with Australia as the primary source scope. It is not a recommendation tailored to any reader. This page shows dated source checks and register lookups, not review scores. Some providers pay us a commission when readers open an account through our affiliate links; read the disclaimer for the full disclosure. Read the publisher page and the methodology for the full context.