10 Best Trading Platforms in Australia (2024)

Trading Platform Australia

10 Best Trading Platforms in Australia (1)

A trading platform is a technology that facilitates trading of financial instruments such as stocks, commodities, and currencies. Trading platforms allow trading without the involvement of intermediaries such as brokers and Australian stock exchange. These days trading platforms offer sophisticated trading tools and multiple order types to trade in various market conditions. In this post we will list Top 10 best trading platforms in Australia which you can use to trade online with ease.

Contents hide

1. Interactive Brokers Australia

2. CMC Markets Invest

3. SelfWealth

4. ThinkMarkets Share Trading

5. eToro

6. CommSec App

7. IG Share Trading

9. Superhero

10. Pepperstone

1. Interactive Brokers Australia

Interactive Brokers is the number-one provider of global share trading due to its extensive range of worldwide markets, low global brokerage costs, and low currency conversion fees. It also includes markets not found on Australian programs, including international bond markets and over-the-counter (OTC) small-cap equities from the United States. They’re definitely one of the best trading platform in Australia

Key Differentiators:

  • Stocks from 33+ countries
  • Low brokerage fees for global share trading
  • Low currency conversion rate
  • Fractional share trading

2. CMC Markets Invest

CMC Markets provides traders with a variety of features and choices, including CHESS-sponsored Australian equities, international shares and currencies. You also get useful trading tools like as advanced technical charts, stock watchlists, and contingent orders.

Key Differentiators:

  • Zero brokerage global share trading
  • Low brokerage fees for ASX CHESS-sponsored share trading
  • No inactivity fee or account fees for basic account
  • Suitable for new investors and advanced traders

3. SelfWealth

Australian (CHESS-sponsored) and US-listed equities and ETFs are available through SelfWealth. The platform also offers low-cost flat brokerage of $9 per trade and a comprehensive variety of research features, including portfolio and stock analysis tools, news updates, and watchlists for Australian (ASX) share trading.

Key Differentiators:

  • Stock/portfolio analysis tools
  • Low flat brokerage fee for CHESS-sponsored ASX shares
  • Comprehensive research tools
  • No inactivity fee/subscription fee for basic account

ThinkMarkets share trading enables you to trade Australian-listed equities and ETFs on mobile and tablet devices at a minimal cost. Brokerage costs are reasonable at $8 per trade on transactions up to $200,000 (it’s 0.05% for trades above that amount), and there are no bank account opening or subscription expenses to using this user-friendly program.

Key Differentiators:

  • No account opening or monthly fees
  • $8 flat brokerage fee
  • 24/7 trade support via Live Chat, Email or Phone

5. eToro

eToro is best known for its social features that allow customers to copy the trades of other well-known active traders. In 2020, eToro began offering US stock trading in Australia, and it recently expanded to Europe and Hong Kong stocks. Because of its $0 brokerage fees, small currency conversion rate, and trading capabilities, it’s a popular choice for US stocks. They’re definitely one of the best online trading platform in Australia!

Key Differentiators:

  • Zero brokerage US stock trading
  • Low currency conversion fee
  • Fractional share trading available
  • Conditional orders available

6. CommSec App

The CommSec app provides a number of expert analyses, insights, and material for investors to use. There are real-time market notifications, the option to establish watchlists, and much more.

Key Differentiators:

  • Live data
  • Comprehensive reports and insights
  • Easy to navigate

IG Share Trading is a well-known international online share trading company that has earned a solid reputation by charging some of the lowest brokerage costs for Australian stock trade: $8.00 or 0.1% per trade, whichever figure is higher. They’re definitely one of the best share trading platforms in Australia!

Key Differentiators:

  • Multiple platforms available
  • Live Chat Feature

Australian, New Zealand, and US stocks and ETFs are all available through Sharesies. The app is ideal for novices since it has no minimum investment requirement and low trading commissions for local and international stock trades. There’s additionally educational stuff accessible through the site, and there are no recurring costs to consider.

Key Differentiators:

  • Easy to navigate
  • Low brokerage fees for Australian and global share trading
  • Invest from a few cents, Australian, NZ and US shares
  • Fractional share trading

9. Superhero

The online broker, Superhero stock trading platform, provides Australian equities with the lowest brokerage costs in the country. Australian shares are priced at $5 per trade order, while US stocks and ETFs are both free to purchase. The platform is simple enough for novices to use. It’s available on both mobile and desktop, making it user-friendly.

Key Differentiators:

  • Lowest brokerage fees for active or inactive traders
  • Zero brokerage ETF investing
  • No inactivity fee
  • No brokerage account or subscription fees

10. Pepperstone

Pepperstone is highly regarded by both industry professionals and knowledgeable investors. With 11 different platforms to choose from, including cTrader and MT5, Pepperstone has something for everyone. The platform has since expanded, launching in the United Kingdom so that European investors may add to their portfolio in a cost-effective manner.

Key Differentiators:

  • Great reputation
  • Trading Signals

Trading Platform Australia

If trading stocks and shares seems difficult, you’re not alone. There are a number of cheap trading platforms Australia to choose from that offer low brokerage fees for trades or no trading fees at all. The brokers we’ve listed above should be able to help relieve some pressure off your shoulders while still providing the best investing platform Australia features you need. Whatever your preferences are, there is an ideal broker out there waiting just for you!

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Frequently Asked Questions

What is a share trading platform?

A share trading platform is an online system that allows investors to buy and sell shares of publicly traded companies. The platforms usually have a variety of features, such as real-time market data, watchlists, and news feeds, to help investors make informed decisions. Additionally, many platforms offer commission-free trading for certain types of stocks or ETFs.

How to trade shares?

Trading shares is relatively simple. Most platforms offer a variety of features to help investors make informed decisions, such as real-time market data, watchlists, and news feeds. Additionally, many platforms offer commission-free trading for certain types of stocks or ETFs. To trade shares, you first need to open an account with a broker. Once you have an account, you can deposit funds and begin purchasing shares.

What are the best online stock trading platforms?

There are a number of great online stock trading platforms available, but some of the best include Sharesies, Superhero, and Pepperstone. All of these platforms offer a variety of features to help investors make informed decisions, such as real-time market data, watchlists, and news feeds. Additionally, many platforms offer commission-free trading for certain types of stocks or ETFs.

How to start trading stocks in Australia?

To start trading stocks in Australia, you first need to open an account with a broker. Once you have an account, you can deposit funds and begin purchasing shares. Additionally, many platforms offer commission-free trading for certain types of stocks or ETFs.

What is stock market?

The stock market is a collection of markets where stocks (pieces of ownership in businesses) are traded between investors. It usually refers to the exchanges where stocks and other securities are bought and sold. The stock market can be used to measure the performance of a whole economy, or particular sectors of it.

How much do you need to invest in online trading platform if you are a beginner?

If you are a beginner, you will likely need to invest a little more than the average person to get started trading stocks. However, most online trading platforms offer commission-free trading for certain types of stocks or ETFs. So, you may not need to invest as much as you think. Start by comparing the platforms listed above and see which one best suits your needs.

How do you exchange traded funds in online share trading platforms?

To exchange traded funds in online share trading platforms, you first need to open an account with a broker. Once you have an account, you can deposit funds and begin purchasing shares. Additionally, many platforms offer commission-free trading for certain types of stocks or ETFs.

What is the cheapest trading platform in Australia?

The cheapest trading platform in Australia is Sharesies. Sharesies offers commission-free trading for certain types of stocks or ETFs. Additionally, Sharesies offers a variety of features to help investors make informed decisions, such as real-time market data, watchlists, and news feeds.

How do you trade stocks on international markets?

To trade stocks on international markets, you first need to open an account with a broker. Once you have an account, you can deposit funds and begin purchasing shares. Additionally, many platforms offer commission-free trading for certain types of stocks or ETFs. Additionally, some platforms allow investors to trade stocks on international markets directly from their account.

How to create a share trading account?

To create a share trading account, you first need to open an account with a broker. Once you have an account, you can deposit funds and begin purchasing shares. Additionally, many platforms offer commission-free trading for certain types of stocks or ETFs.

As an enthusiast and expert in trading platforms, I can provide insights into the information presented in the article about the "Top 10 Best Trading Platforms in Australia." My expertise is grounded in a deep understanding of the financial markets, trading strategies, and the features offered by various trading platforms.

Let's delve into the concepts used in the article:

1. Trading Platforms:

  • A trading platform is a technology that enables the buying and selling of financial instruments like stocks, commodities, and currencies.
  • It facilitates trading without the need for intermediaries such as brokers and stock exchanges.

2. Top 10 Trading Platforms in Australia:

  • Interactive Brokers Australia:

    • Offers global share trading with a wide range of markets.
    • Low brokerage costs and currency conversion fees.
    • Notable for international bond markets and OTC small-cap equities.
  • CMC Markets Invest:

    • Provides CHESS-sponsored Australian equities, international shares, and currencies.
    • Zero brokerage for global share trading and advanced technical tools.
  • SelfWealth:

    • Offers CHESS-sponsored Australian and US-listed equities and ETFs.
    • Low flat brokerage fee and comprehensive research tools.
  • ThinkMarkets Share Trading:

    • Enables trading of Australian-listed equities and ETFs with reasonable brokerage fees.
    • User-friendly platform with 24/7 trade support.
  • eToro:

    • Known for social trading, allowing users to copy trades of active traders.
    • Expanded to US stock trading in Australia with zero brokerage fees.
  • CommSec App:

    • Provides expert analysis, real-time market notifications, and watchlists.
  • IG Share Trading:

    • Known for low brokerage costs for Australian stock trades.
    • Offers multiple platforms and live chat features.
  • Sharesies:

    • Allows trading of Australian, New Zealand, and US stocks and ETFs.
    • No minimum investment requirement, low trading commissions, and educational resources.
  • Superhero:

    • Offers the lowest brokerage costs for Australian equities.
    • Zero brokerage fees for US stocks and ETFs.
  • Pepperstone:

    • Highly regarded with 11 different platforms, including cTrader and MT5.
    • Expanded to the United Kingdom for European investors.

3. Key Differentiators:

  • Unique features that set each platform apart from others.
  • Examples include low brokerage fees, zero brokerage for specific trades, and comprehensive research tools.

4. General Trading Concepts:

  • Brokerage Fees:

    • The cost associated with buying or selling securities on a trading platform.
  • Currency Conversion:

    • The process of converting one currency into another, relevant for international trading.
  • Fractional Share Trading:

    • Allows users to buy and sell fractional parts of a share, making investing more accessible.
  • CHESS-sponsored:

    • Refers to a system used by the Australian Securities Exchange (ASX) to manage share registries and settlements.
  • Social Trading:

    • A feature that allows users to observe and replicate the trading strategies of successful investors.

5. Conclusion:

  • The article concludes by emphasizing that there are several affordable trading platforms in Australia, offering low brokerage fees or commission-free trading. It suggests that the listed brokers can cater to various preferences and needs of investors.

For those interested in trading, exploring these platforms based on individual preferences and requirements is crucial for a successful trading experience.

10 Best Trading Platforms in Australia (2024)

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