Trustpilot is a reputable platform to help you find the best service provider。If you are looking for the highest rated Australian broker, see the list of Trustpilot。

When choosing your own broker, the most important thing is to ensure that they have the features you need。For example, if you are a scalping trader, then you may want to find a broker that allows scalping trading。Some of the key features you need to prioritize are:

1. Transaction costs: Each broker has its own rules and policies regarding transaction costs。Therefore, before opening a real account, it is best to carefully check their charging entries。In addition to spreads, you should consider commissions, deposit and withdrawal fees, and overnight fees.。
   Customer service: it is actually one of the most important functions。While Trustpilot provides a platform for complaints, you don't always get a solution there, which is why you need a broker with active customer service。Considering that you may live in a different time zone than the broker's office, it is best to be available 24 / 7。
   Mobile transactions: Today's technology is an important part of everyday life。Most of the time, it can help us do a lot of things on busy days。Many traders now prefer to trade using mobile devices, especially smartphones。If you are a busy person and you may want to find a broker with the best mobile trading services, make sure their app allows you to open and close positions anytime, anywhere。
   Regulation: It is important to ensure that your broker follows certain rules and standards to ensure the safety of your clients。

The problem is that it is sometimes not enough to check the broker from these aspects alone。It's actually also important to study what actual clients think of brokers。So, reading user reviews is a great way to find out if your broker is truly reliable。Although the official website of the broker contains user reviews, you may want to know their authenticity。As an alternative, you can always check out third-party platforms like Trustpilot。

Is Trustpilot reliable?？

In short, Trustpilot is a review site where people can write a review of anything。It provides easy-to-read statistics for every business you can think of, including CFD brokers, and even different category navigation。When you check the desired broker, you may notice a few stars next to the brand logo, these are the average ratings given to the broker by the user。

However, is Trustpilot's assessment really reliable?？Frankly, they can be a good source for finding reliable user reviews。With over 100 million reviews and over a decade of experience, Trustpilot is arguably a fairly formal platform.。The best part about Trustpilot is that most users like to write detailed reviews about their experiences with certain companies。

This means you get a full picture of their experience, both good and bad。Sometimes, a company representative will come over and respond to the review, you can see things from both sides, and it can also help you understand which company cares most about its customers。

Having said that, Trustpilot is not without its drawbacks。Because everyone can write comments, it is possible to encounter false comments。It could come from a broker trying to get a better rating, or from a firm trying to take down a competitor。

So, how to find the best Australian broker in Trustpilot？As mentioned above, Trustpilot uses a rating system, and brokers rated more than 4 stars can be considered "best rated."。Here are some of them:

1. IC Markets

IC Markets is one of Trustpilot's highest rated Australian brokers。As of press time, the broker has a rating of 4 on the platform.9 stars, which means they have almost 90% praise in Trustpilot。Most of the recommended sections of IC Markets mainly talk about amazing customer service and how operators can solve their problems。However, there are also many comments about their functions, such as how their spreads remain low despite market fluctuations。

That being said, the real question is whether IC Markets are right for your trading needs。IC Markets is one of the best original account providers in terms of cost。The ASIC-regulated broker charges a commission of just $7 per round on its MT4 original spread account。At the same time, the commission on the cTrader original spread account is only $6 per round.。

IC Markets also offers a mobile trading app for Android and iOS, with multiple options between MT4 and cTrader, so you can still trade using the most comfortable platform。Best of all, the mobile trading app allows you to experience the functionality of the desktop platform, you can change the chart type and place any execution mode provided by IC Markets。IC Markets also offers multiple payment methods, which makes the broker more popular。

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IC Markets International Capital Markets Pty Ltd.) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are registered under the Seychelles-based IC Markets SEY and are regulated by the Seychelles Financial Services Authority (SFSA).。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from offering trading services outside Australia.。

IC MarketsClassified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

IC Markets "minimum deposits are at a moderate level compared to other ASIC-regulated brokers, as each client has a deposit of $200.。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods, IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

In summary, IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. CMC Markets

CMC Markets is one of the highest rated brokers in Australia, earning 4 in Trustpilot.2 star evaluation。Many users seem to be satisfied with their trading platform and its features。CMC Markets also offers competitive CFDs spreads and commissions, with spreads as low as 0 for major forex currencies..7 pips, stock commissions as low as 0.1%, the broker offers clients the best mobile and online trading platform。

3. eToro

eToro scored 4 in Trustpilot with 56% positive reviews.2 star rating。The broker is known for offering the best possible transaction costs, and they don't charge you commission fees, management fees, rollover fees, or additional broker fees.。eToro is also known for cryptocurrency trading, so mobile trading apps are important。

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Founded in early 2007, eToro's mission is to make transactions available to anyone, anywhere, and to reduce reliance on traditional financial institutions.。The company has headquarters in the UK, Cyprus, USA and Australia。

eToro (Europe) Limited is a financial services company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number # 109 / 10.。Meanwhile, eToro (UK) Limited is regulated and regulated by the Financial Conduct Authority (FCA) under license number FRN 583263.。

As foreToro AUS Capital Pty Ltd, whose legal status is recognised by the Australian Securities and Investments Commission (ASIC), provides financial services under Australian Financial Services Licence 491139。

As a belonging4-digit broker, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio。

自Since 2007, eToro has been at the forefront of the fintech revolution.。The latest is CopyPortfolio, which was launched in 2017 and is powered by machine learning Al。In addition to developing CopyPortfolio, the company also integrated Microsoft's machine learning technology into Momentum DD.。

NewThe CopyPortfolio investment strategy uses artificial intelligence to find the most stable traders who are most likely to earn double-digit returns and bundles traders into a fully managed portfolio.。eToro has hundreds of financial assets available for trading, including stocks, commodities, crypto assets, currencies, indices and ETFs。Each asset class has its own characteristics and can be traded using multiple investment strategies。

Certain positions on eToro involve ownership of underlying assets, such as non-leveraged positions in equities and crypto assets。Using contracts for difference (CFD) will make various options possible, such as leveraged trading, short (sell) positions, fractional ownership, etc.。For example, a trader can invest in gold at a minimum amount of $100, even if the price of a single unit of gold is $1,000.。eToro's most popular CFD commodities include gold, oil, gas, silver and platinum。

Currency can only be used asCFD Trading on eToro。In addition, CFD allows for short selling (short) positions and leveraged trading, even for assets that do not offer this option in traditional trading.。Some popular currency pairs include EUR / USD, GBP / USD, AUD / USD, USD / JPY, and USD / CAD。

In addition, exchange-traded funds (ETF) is a financial instrument consisting of several assets, used as a tradable fund。After opening an eToro account, traders can invest at least $250 in an ETF that sells for $500.。Some popular ETFs on eToro include SPY, VXXB, TLT and HMMJ。

However,eToro also provides additional functionality through the use of CFD trading。All leveraged ETF positions in the UK are regulated by the FCA。Meanwhile, all CFD positions executed by eToro Australia are regulated by ASIC.。

The company also has other advantages。of all tradable financial assets,eToro does not charge any deposit or transaction fees other than spreads。

eToro charges $25 for withdrawals, with a minimum withdrawal amount of $50。holdings of cryptocurrencies, stocks andETF non-leveraged long positions are not executed as CFD and no fees are charged。eToro charges overnight or weekend fees for CFD positions, such as leveraged positions and short (sell) orders。

Update of fees always applies to open positions。Fees are subject to change at any time and may change on a daily basis based on market conditions without prior notice。

As a beginner, traders can useeToro's Copy Trading Features。Unlike the features of other brokers, traders can copy the strategies of professional traders for free without splitting into profits。因此 ，100% of the profit goes entirely to the trader。For example, when Trader A, copied by Trader B, generates 10% profit this month, Trader B also earns 10% profit。

The company is the world's leading social trading network.。因为eToro operates in complete transparency, and each trader has valuable information in their eToro profile, so it is helpful for other traders who are interested in copying their trades when creating their best portfolio。

Another unique feature of eToro is personalized social news subscriptions。Just like on any social media, traders can post their own updates in a subscription, comment on other people's posts, and gradually create a subscription that suits a trader's trading and investing interests.。在在On the eToro social trading platform, traders will also be notified when there are new posts and other important updates from traders。

4. Pepperstone

Pepperstone gets 4 in Trustpilot.7 stars to be one of the highest rated Australian brokers out there。Of course, Pepperstone can provide you with 0 spreads through a Razor account (an alias for the original spread account)。Plus, they offer a mobile trading experience through a reliable trading app。It is worth noting that their app connects to TradingView, which greatly facilitates mobile transactions。

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Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。

Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。

They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。

Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:

• Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
  Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
  2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions

With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。

As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。

Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。

When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。

Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。

Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。

Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。

As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。

If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。

Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。

5. Plus500

Plus500 gets 4 in Trustpilot.2 stars and 57% praise, known as one of the most affordable CFD brokers in Australia。For example, they have zero fees for opening and closing trades, deposits, etc., and are equipped with negative balance protection to protect their clients' funds from unpredictable market fluctuations。

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Plus500 is a UK-based company with its main offices in the City of London, which is authorised and regulated by the FCA.。For traders who are looking for a broker with a top regulator, Plus500 is the right choice。

Plus500 offers 2,000 instruments to more than 1 million customers。The list of instruments that can be traded through its CFD service includes forex currency pairs, indices, cryptocurrencies, commodities, stocks and ETFs。Traders can choose the right tool for their needs。

In any case, beginners should be extremely cautious when choosing an asset, as it can be confusing and inherently risky。

When a trader opens an account, Plus500 will hold the trader's funds in isolation in accordance with the FCA's client funds rules。Traders need not worry about Plus500 using their funds for hedging, as the broker strictly prohibits the use of client funds for this purpose。

Other advantages of trading at Plus500 are small spreads and no commissions. The company only offers a single type of account, but traders can update their accounts from retail to professional according to some criteria。

To apply for a professional account, traders must meet at least 2 of the following 3 criteria, such as sufficient trading activity in the past 12 months, a portfolio of financial instruments of more than 500,000 euros, and relevant experience in the financial services field。

Plus500 is widely acclaimed for its services with market spreads, retail account leverage of up to 1: 30 and professional account leverage of up to 1: 300.。Plus500 tries to give reasonable leverage options, not only to control risk, but also to help novice traders better control their trading emotions。

Founded in 2008, Plus500 provides almost the same features for retail and professional accounts, including customer fund protection, negative balance protection, best order execution, clear and transparent information, and financial services compensation plans。A professional account is more advanced, though, because FOS can be accessed。

According to statistics, 76 of Plus500's retail account owners.4% Losses on CFDs。Therefore, Plus500 always warns traders to consider their understanding of how CFDs work and their tolerance for taking on high loss risks before starting live account trading.。

Even so, Plus500 has earned the trust of traders around the world, opening some 39 million positions, having 304,000 active clients and processing billions of dollars in trading volume through its system.。

Plus500 always strives to provide the best service to its customers. One of the ways to achieve its goals is to give customers confidence in their trading activities。They have an easy-to-use trading platform and a specially designed mobile platform。Traders can access the Plus500 platform through web traders, iPhone / iPad and mobile apps。

On their platform, traders will have access to advanced tools such as stop loss limit, guaranteed stop loss, free email and market event push notifications, and price movement alerts, all of which can help traders better understand the market。

As for payment methods, Plus500 offers a variety of options such as Visa or MasterCard, e-wallets (PayPal and Skrill) and bank transfers (direct transfers between banks).。

If there are any concerns, hassles or trading issues, traders can contact Plus500's customer service, which is available 24 hours a day, 7 days a week。Plus500's official website can be accessed in 24 languages。

Overall, Plus500 has some advantages and disadvantages。Because it has a license from an elite regulator, traders can feel safe when trading at Plus500; it also provides a 24 / 7 support team to help traders。However, providing leverage up to 1: 300 is not suitable for high-risk traders, such as scalpers, who trade very frequently and hold short-term positions in the market, usually using high leverage。

View user reviews

If you're struggling to find the best broker, checking out user reviews may help。However, choosing a third-party review platform is important because ratings and reviews are less likely to be manipulated, and Trustpilot is one of the best examples of this work.。When you view the reviews, don't forget to read what each person says about the broker to see if their services meet your criteria。