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Richard Berry
- May 3, 2023
Use our comparison tables to compare the best Australian MT4 brokers authorised and regulated by the ASIC. Choose or switch to an MT4 broker that offers the most markets, best pricing and client security. MT4 trading carries a high level of risk and can result in losses that exceed your deposits. Featured brokers appear first.
Australia MT4 Broker Reviews
Use our comparison tables to compare the best Australian MT4 brokers. Choose or switch to a CFD broker that offers the most markets, best pricing and client security.
City Index
- An excellent CFD trading platform with 12,000 markets 25 commodities, with spreads as low as 0.8 for gold trading and 0.3 for crude oil.
- Australia Address: City Index (StoneX): Suite 28/01 264 George St, Sydney NSW 2000, Australia
City Index Review
Name: City Index
Description: City Index is one of the oldest spread betting and CFD brokers based in the UK. They were founded in 1983 and offer trading in over 13,500 financial markets, to around 126,000 active clients. City Index is currently owned by StoneX, a US brokerage listed on the NASDAQ valued at $1.75bn.
Why we like them:
City Index offers some of the best trading tools and analysis to help traders perform better. Their unique post-trade analytics and voice brokerage service make it an excellent choice for large and frequent traders.
Pros
- Excellent trading tools
- Voice brokerage
- Publically listed
Cons
- Trading only, no investment account
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Pricing
(4)
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Market Access
(4.5)
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Online Platform
(4)
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Customer Service
(4.5)
-
Research & Analysis
(4.5)
Overall
4.3IG
- One of the largest global brokers operating in Australia with a vast selection of markets to trade with great liquidity.
- Australia Address: IG, 15/55 Collins St, Melbourne VIC 3000, Australia.
IG Review
Name: IG
Description: Founded in 1974 IG are one of the world’s largest margin trading brokers and they offer CFDs, FX and Spread Betting (in the UK) alongside share trading and prime brokerage to over 350,000 active clients and offers 19,000 tradable markets. IG also recently introduce physical share dealing and smart portfolios for longer-term investors.
Why we like it
IG pioneered online trading and financial spread betting for private clients and remains not only one of the largest online trading platforms, but also one of the best. IG stands out through deep liquidity, high market range and excellent added value such as trading tools and analysis.
Pros
- Wide market range
- Excellent liquidity & DMA equities
- Listed on the London Stock Exchange
Cons
- Customer service can be slow
- No DMA futures trading
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Pricing
(4.5)
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Market Access
(5)
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Online Platform
(5)
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Customer Service
(4)
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Research & Analysis
(5)
Overall
4.7CMC Markets
CMC Markets has good CFD sentiment tools and over 388 forex pairs to trade. Australia Address: Level 20, Tower 3, International Towers, 300 Barangaroo Ave, Barangaroo NSW 2000, Australia
CMC Markets Review
Name: CMC Markets
Description: CMC Markets is one of the original spread betting and CFD brokers based in the UK. They have been providing forex trading services since 1989 and are now listed on the London Stock Exchange. The broker has over 300,000 active clients trading online and is operated from 13 global offices, with headquarters in The City of London.
Summary
CMC Markets has always offered, and still does one of the best trading platforms for high-frequency and active traders. It’s a good choice for those that want to trade on tight spreads, with a platform built on exceptional tech.
77% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.’
Pros
- Excellent trading platform
- Good liquidity
- Unique sentiment tools
Cons
- Trading only, no investing account
- Limited smaller cap stocks
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Pricing
(5)
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Market Access
(4)
-
Online Platform
(5)
-
Customer Service
(4)
-
Research & Analysis
(5)
Overall
4.6Pepperstone
- Has a very comprehensive package of automated trading tools on MT4. Australia
- Address: Pepperstone Group Limited, 727 Collins St Level 16, Tower One, Docklands VIC 3008, Australia
Pepperstone Review
Name: Pepperstone
Description: Pepperstone were founded in 2010 in Australia and have since then grown to be a global brokerage with international offices and around 110,000 active clients. They offer Spread betting and CFDs on the major market instruments, which means they focus on the most heavily traded assets, mainly forex and indices trading, although they are building out their share trading offering and have the major stocks on international exchanges.
Why we like them
Pepperstone is a good choice for traders that want to automate their trading strategies through MT4. As far as MT4 brokers they are one of the biggest and best and offers so good EA packages.
Pros
- Tight pricing
- Wide range of MT4 markets
- Pre-built MT4 indicator packages
Cons
- Limited market access
- Only third-party platforms
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Pricing
(5)
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Market Access
(3.5)
-
Online Platform
(4)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4.1Saxo Markets
- Provides OTC & DMA (direct market access) trading for gold and oil. Australia
- Address: Saxo Markets, Suite 1, Level 14/9 Castlereagh St, Sydney NSW 2000, Australia
Saxo Markets Review
Name: Saxo Markets
Description: Saxo Markets is one of the largest CFD brokers worldwide and provides direct market access to equities, bonds, forex, futures and options as well as being a major liquidity and infrastructure provider to wealth managers, banks and smaller brokers.
Why we like them
Saxo Markets is a good choice for more sophisticated traders. The platform, analysis, and direct market access may be too complicated for beginners. But, for experienced traders its coverage, commissions and research are unrivaled.
Pros
- Direct market access
- Low commissions
- Robust trading platform
Cons
- High initial deposit
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Pricing
(4.5)
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Market Access
(4.5)
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Online Platform
(5)
-
Customer Service
(4.5)
-
Research & Analysis
(4.5)
Overall
4.6FAQs:
Here are the answers to the most commonly asked questions by people searching for the best Australian MT4 broker.
We have ranked Pepperstone as the best MT4 broker in Australia. Pepperstone has won our best MT4 broker award three years running now.
Yes MT4, is available in Australia. It is important that you only trade on MT4 through a broker regulated by the Australian regulator ASIC.
Yes, brokers can manipulate the markets they offer, and the pricing of the bid-offer spreads on MT4. However, they cannot manipulate the market to move one way or another.
Yes, MT4 is a good platform for Australian traders. It has a huge range of market access and is particularly good for traders who want to automate their trading strategy.
