Are you looking for Australia’s greatest online brokers? Following a surge in stock market activity last year, Australia now has dozens of share trading applications to choose from, all of which offer record low costs.
However, choosing a share trading platform is about more than just fees. The ideal platform for you will be determined by how frequently you trade, which markets you invest in, and your level of experience in this article we are going to discuss Trading platforms in Australia.
To make it easier, we evaluated by comparing some of Australia’s top share trading platforms based on fees, features, and products available. We compared 39 multiple aspects, including fee structures, support options, trading tools, and market range, to get the best results.
- CMC Markets
- Interactive Brokers Australia
CMC Markets offers all traders a wide choice of features and possibilities, including CHESS-sponsored Australian shares, global shares, and currencies. You’ll also get a plethora of trading tools, such as advanced technical charts, stock watchlists, and conditional orders.
Superhero Trading Platform
Superhero’s share trading platform has the lowest brokerage costs in Australia for both US and Australian stocks. Purchase orders for Australian shares cost $5, US stocks cost $0, and ETFs cost $0 for purchase orders. The platform is user-friendly enough for beginners to get started on both mobile and desktop.
eToro is famous for its social features, which allow users to copy the moves of other well-known traders the platform began trading US stocks in Australia, followed by European and Hong Kong stocks. Because of its $0 brokerage fees, low currency exchange rate, and trading tools, it’s a popular pick for US stocks. eTORO fess Australia, Creating a new eToro account is free, and there are no maintenance fees on any trades or investments. They won’t charge any commissions on stocks, nor will they charge any markups, booking costs, or stamp duties.
SelfWealth stocks and ETFs are listed in Australia (CHESS-sponsored) and the United States. The platform offers a low-cost flat fee of $9 per trade for Australian (ASX) share trading, as well as an extensive range of research services such as portfolio and stock analysis tools, news alerts, and watchlists.
Interactive Brokers Australia
Interactive Brokers is ranked best for international share trading due to its extensive list of global markets, inexpensive global brokerage fees, and low currency conversion expenses. It also provides access to global bond markets and over-the-counter (OTC) small-cap equities from the United States, which are not generally available on Australian apps.
Sharesies is a simple share trading platform that offers equities and exchange-traded funds (ETFs) from Australia, New Zealand, and the United States. Because there is no minimum investment (you can invest a few cents at a time) and minimal brokerage fees for domestic and international stock trading, the app is ideal for novices. There’s also instructional information available on the platform, and there are no monthly costs to worry about.
Passfolio, an international zero-commission stockbroker formed in 2018, is a fresh and ambitious brokerage. The US Securities Commission (SEC) and the Financial Community (FINRA) are in charge of it (FINRA) In addition to the top-tier regulation, Passfolio’s clearing firm’s SIPC insurance provides up to an extra $30 million in investor protection (with a cash sub-limit of $900,000 per account), subject to a total ceiling of $150 million.
Although Passfolio is a global broker, it has a strong concentration on Brazilian clients, as indicated by the fact that much of the content it provides is in Portuguese.
Questrade, which was founded in 1999, is one of Canada’s most popular brokerage firms. The Finance Sector Regulatory Organization of Canada (IIROC) supervises it as a member of the Canadian International Investment Fund (CIPF)
Even though it has a proven track record and is controlled by a top-tier authority, Questrade is regarded safe.
Revolut is a rapidly growing fintech business that specializes in payment and banking services and was formed in 2015. Revolut Trading Ltd, a subsidiary of the business, introduced a commission-free stock trading service in 2019.
The US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are among the primary regulators that oversee Revolut (FINRA). The Securities Investment Protection Corporation (SIPC) insurance protects clients’ assets up to $500,000 ($250,000 cash). The Financial Conduct Authority of the United Kingdom regulates Revolut (FCA).
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