Spready

Spready.io is a free, independent spread comparison tool built for Australian CFD traders. We track daily spreads from major ASIC-regulated brokers so you can see — at a glance — who is offering the tightest pricing on the instruments you trade.

We have no broker partnerships, no affiliate commissions, and no financial incentive to favour one broker over another. Our only goal is to give you accurate, comparable data so you can make an informed decision before opening an account.

Spready is designed for retail traders who want a simple answer to a simple question: who has the lowest spread right now?

A CFD — or Contract for Difference — is a financial derivative that lets you speculate on the price movement of an asset without owning the underlying instrument. You can trade CFDs on forex pairs, commodities like gold, and stock indices.

CFDs are popular with retail traders in Australia because they offer leverage, the ability to go long or short, and access to global markets from a single account. All brokers listed on Spready are regulated by the Australian Securities and Investments Commission (ASIC).

Because CFDs are leveraged products, costs matter more than they might in other asset classes. Even a small difference in the spread can have a meaningful impact on your bottom line over time.

The spread is the difference between the buy price (ask) and the sell price (bid) quoted by your broker. It is the primary cost of placing a CFD trade — built directly into the price you see on screen rather than charged as a separate fee.

When you open a position, you immediately start at a small loss equal to the spread. For you to break even, the market must move in your favour by at least the width of that spread.

Understanding the spread is essential to understanding the true cost of CFD trading. A spread comparison between brokers is really a comparison of who charges you less to enter and exit the market.

The unit used to measure a spread depends on the instrument you are trading.

For forex pairs, spreads are quoted in pips — the fourth decimal place in a standard currency pair. If EUR/USD has a bid of 1.08500 and an ask of 1.08510, the spread is 1.0 pip.

For commodities, crypto, and indices, spreads are typically quoted in USD or points depending on the instrument. Gold (XAU/USD) is quoted in USD per ounce; ASX200 and US500 are quoted in index points.

Even a fraction of a pip difference adds up quickly when you trade regularly. Consider a trader who buys and sells EUR/USD 20 times a month at a standard lot size of 100,000 units. Each pip of spread costs $10 on a standard lot.

Spready collects spread data by scanning the public-facing pages and live pricing tools of each broker's website. Spreads are recorded daily and displayed on the comparison dashboard alongside the instrument, broker, and account type.

All data is sourced directly from broker-published information — we do not use synthetic feeds or third-party aggregators. This means the figures you see reflect what a real visitor to that broker's site would observe at the time of capture.

Spreads are a snapshot, not a 24-hour average. Market conditions change, and spreads at the London or New York open will differ from off-peak hours. We note the time of capture on every data set.