Best Share Trading Platforms in Australia

Disclaimer: General information only. All kinds of investment (particularly trading CFDs, commodities, and FX) involve significant risk, including the possibility of losing more than the amount invested, as well as market volatility and liquidity hazards. Past performance does not guarantee future results. Most investors will find such operations unsuitable.

Australia’s share trading landscape has transformed dramatically over recent years, with dozens of online platforms now competing for investors’ attention. These platforms attract traders with reduced commissions, advanced trading features, and access to international markets, making stock investing more accessible than ever before.

Whether you’re a seasoned trader or just starting your investment journey, choosing the right platform can make a significant difference in your trading success. The Australian Securities and Investments Commission (ASIC) regulates all reputable brokers, providing essential protection for investors navigating this competitive market.

With so many options available, finding the perfect trading platform might seem overwhelming. Each platform offers unique features, from social trading capabilities to comprehensive research tools, making it crucial to understand what sets them apart and which one aligns with your investment goals.

Australia’s 10 best share trading platforms for August 2025

Avatrade

AvaTrade is a global, award-winning online broker founded in 2006, offering a versatile platform for both novice and advanced traders. It provides access to a wide range of financial instruments, including forex, CFDs on stocks, indices, commodities, ETFs, cryptocurrencies, and options. AvaTrade is regulated by top-tier authorities in multiple jurisdictions, including Australia, ensuring a secure and transparent trading environment. With user-friendly platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGo, and AvaOptions, traders can execute trades seamlessly on desktop and mobile devices.

The platform supports automated trading through APIs and integrates with popular social trading services like ZuluTrade and DupliTrade, catering to traders of all styles. AvaTrade also offers robust educational resources, making it ideal for traders looking to learn and grow. However, its spreads may be wider compared to some competitors, and the demo account is limited to just 30 days in certain regions.

Pros:

• Regulated & Secure: AvaTrade is licensed in multiple jurisdictions, including Australia, offering a safe trading environment.

• Wide Range of Markets: Access to forex, CFDs, cryptocurrencies, ETFs, and more.

• User-Friendly Platforms: MetaTrader 4, MetaTrader 5, and proprietary platforms like AvaOptions.

• Educational Tools: Free courses, webinars, and coaching for all skill levels.

• Automated & Social Trading: API access, ZuluTrade, and DupliTrade for automated strategies.

Cons:

• Inactive Account Fees: Charges apply for dormant accounts, which could deter occasional traders.

• Limited Demo Account: Access to the demo account is restricted to 30 days in some regions.

• Wider Spreads: Some markets, particularly CFDs, may have less competitive spreads.

AvaTrade remains a reliable choice for traders in Australia, offering an array of tools and resources for a smooth trading experience, though potential clients should be mindful of certain fees and spreads.

Interactive Brokers

Interactive Brokers, Inc. is an American multinational brokerage corporation that runs the largest electronic trading platform in the United States, with an average of 3 million trades per day in 2023. The organisation provides a variety of services, including stocks, options, futures contracts, bonds, mutual funds, currencies, cryptocurrency, contracts for difference, derivatives, and event-driven trading contracts. With operations in 34 countries and 27 currencies, the company has 2.6 million institutional and individual brokerage customers and a total customer equity of $426 billion. Thomas Peterffy founded the company, which is now ranked 473rd on the Fortune 500 and has offices in major financial centres across the world.

Interactive Brokers (IBKR) is a worldwide known online brokerage platform that caters to both novice and advanced investors, providing access to a diverse range of markets such as stocks, currency, and commodities. With affordable costs and a wide range of trading instruments, it’s great for individuals wishing to diversify globally and engage in more advanced trading techniques. However, its various features and complex cost structure may be overwhelming for beginning traders.

Interactive Brokers stands out as a leading alternative with considerable benefits:

• Global market access to 135+ markets.
• Competitive low-fee structure
• Advanced trading technology
• Comprehensive research tools
• ASIC regulates with stringent compliance standards

Etoro

eToro is a popular multi-asset trading platform in Australia, offering a range of investment options including stocks, ETFs, crypto, and more. Known for its user-friendly interface, eToro is perfect for those looking to invest without the need for extensive research or technical analysis. The standout feature is its CopyTrader tool, allowing users to replicate the trades of successful investors. With low brokerage fees on stocks and ETFs, and access to over 17 global exchanges, eToro offers a versatile platform for beginner and intermediate traders. However, higher currency conversion fees and limited tools for expert traders are points to consider.

Pros:

• User-Friendly Interface: Intuitive platform for easy navigation.

• Copy Trading: Follow and copy the trades of experienced investors.

• Low Fees on Stocks and ETFs: No commission on ETFs, low fees on stock trades.

• Wide Range of Assets: Access to 17 exchanges and 79 cryptocurrencies.

• Mobile App: Sleek and functional mobile trading experience.

Cons:

• Currency Conversion Fees: 1.5% fee when converting currencies, which can add up.

• Not Ideal for Day Traders: Lack of advanced tools for high-frequency trading.

• Limited Research Tools: Basic educational and research resources compared to competitors.

• Customer Support: Limited to ticket-based support, which may slow down response time.

In conclusion, eToro is a great choice for beginner traders or those looking to build a diversified portfolio easily. However, it may not be the best platform for those requiring advanced trading tools or looking to avoid conversion fees.

PDS Link: https://www.etoro.com/wp-content/uploads/2024/08/20240811_PDS-2.pdf

MooMoo

Moomoo is an innovative online trading platform that stands out for its competitive pricing, robust research tools, and user-friendly mobile app. Ideal for both beginners and experienced traders, it offers commission-free trades on US stocks (US$0.99) and low-cost trades for Australian stocks (AU$3 or 0.03%). With access to Australian, US, and Hong Kong stock markets, Moomoo caters to investors looking for a diverse range of securities. It also offers paper trading for practice and educational resources to help users build trading skills. For active traders, Moomoo’s AI-powered analysis tools, live market data, and advanced charting features offer significant value. However, it is not suitable for traders seeking European stocks or those interested in leveraged products like CFDs, forex, or cryptocurrency.

Pros:

• Low brokerage fees on US, Australian, and Hong Kong stocks

• Paper trading and educational resources for beginners

• AI-powered analysis tools and advanced charting features

• 24/5 US trading sessions and access to global markets

• No ongoing fees or account minimums

• Mobile app with excellent user ratings (4.7/5 on both iOS and Android)

Cons:

• Limited market access: No European or other Asian markets beyond Hong Kong

• Complex desktop platform can be overwhelming for new users

• Lacks leveraged products (CFDs, forex, cryptocurrency)

• No cash management features or pre-built portfolios

Moomoo is a top choice for investors and traders who value low-cost trading, comprehensive market research, and the flexibility of mobile trading. While it’s ideal for those focused on Australian, US, and Hong Kong stocks, traders looking for global market access or high-risk products may need to explore other platforms.

CMC Markets / CMC Invest

CMC Markets is a prominent online trading platform in Australia, known for its extensive range of financial products and cutting-edge trading technology. Established in 1989, CMC Markets has become a global leader, providing Australian traders with access to over 10,000 financial instruments across various asset classes. The company’s dedication to innovation and customer satisfaction has earned it a strong reputation within the industry.

Key Features:

• CMC Markets offers various charting tools

• 1-Click Trading

• CMC Markets provides various account specifications

• Powerful trading tools

• Wide range of tradable instruments

Investment Options:

• Forex

• Indices

• Commodities

• Shares

• Treasuries

• Cryptocurrencies

• ETFs

Trading Platforms:

• Next Generation

• MetaTrader 4 (MT4)

• Mobile Trading Apps

Fees:

• In Australia, CMC Markets charges a commission of 0.10% for Share CFD trading with a minimum commission charge of AUD 7.00.

• The commission for US share CFDs on the CMC Markets platform is 2 US cents per share, subject to a minimum commission charge of $10.

Pros

• Competitive forex fees

• User-friendly web and mobile platforms

• Comprehensive research and education resources

Cons

• Expensive stock CFD trading

• Only offers CFD trading

• Limited customer support hours (24/5)

Stake

Stake is a user-friendly investment platform designed to offer Australians low-cost access to US and Australian stocks, alongside self-managed superannuation fund (SMSF) services. With an intuitive interface and simple account setup, Stake is ideal for beginner traders looking to get started in the world of investing. However, it comes with certain challenges, particularly around high fees, slow withdrawal processing, and customer service concerns. While it offers a solid range of investment options, including fractional shares in the US market, the platform may not be suitable for frequent traders or those requiring more advanced features.

Pros:

• Low Brokerage Fees: Stake offers competitive $3 per trade brokerage for both Australian and US stocks, making it an affordable option for small investors.

• User-Friendly Interface: The platform is easy to navigate, even for beginners, offering seamless access to trading with minimal setup.

• SMSF Services: Stake supports Self-Managed Super Funds (SMSF), which is a significant benefit for investors looking to manage their retirement funds.

Cons:

• High Withdrawal Fees: Every withdrawal incurs a $3 fee, which can add up over time, especially for frequent transactions.

• Slow Withdrawal Processing: Some users report delays of up to 10 days in processing withdrawals, which can be frustrating for those needing quick access to funds.

• Customer Service Issues: Stake’s customer support is often slow to respond, with some users describing long waits for assistance and unresolved issues.

• Limited Tools for Experienced Traders: While ideal for beginners, experienced traders may find Stake lacks the advanced tools and features required for more in-depth analysis.

IG Australia

IG is a leading online trading platform serving the Australian market since its establishment in 1974. Renowned for its longevity and reliability, IG offers a comprehensive suite of investment opportunities spanning various financial instruments. With a commitment to user-friendly interfaces and cutting-edge technology, IG empowers traders of all levels to navigate global markets confidently.

Key Features:

• Intuitive trading platforms

• Demo account available

• Extensive range of tradable assets

• Advanced charting tools and market analysis

• IG Markets offers no minimum deposit requirements for opening an account

Investment Options:

• Forex, Shares, Indices, Commodities

• Cryptocurrencies, Options, ETFs

• Trading Platforms:

• IG Trading Platform, MetaTrader 4 (MT4)

• ProRealTime, L2 Dealer

Fees:

• IG CFD trading fees in Australia are commission-based, with a minimum charge of AUD7 per side.

• The commission rate for Australian shares is 0.08%.

• Other charges, such as overnight funding, guaranteed stop premiums, and extra services, may also apply.

• Opening an account with IG is free, but there may be a monthly fee of A$18 if the account is not used for trading for two years or more.

• Additional fees may apply for services like Direct Market Access (DMA), live price data feeds, and ProRealTime Charts.

Pros:

• Regulated activities with compensation funds

• No minimum deposit for international division accounts

• Leverage for trading currencies and CFDs

• Diverse range of trading assets and markets

• Fee rebates for new and active clients

• Floating spreads starting from 0.6 pips for retail Forex traders

• Bonuses for new clients and partnership programs

Cons:

• Account rejection for low capital or trading knowledge

• No e-wallet, electronic, or crypto transactions

• Trading conditions vary by country

Tiger Brokers

Tiger Brokers is a fast-growing online trading platform offering Australian investors access to global markets, including the ASX, US stocks, Hong Kong equities, and US options. Known for its user-friendly Tiger Trade desktop and mobile apps, the platform simplifies trading with features like real-time market data, customisable charts, and advanced tools like TigerGPT for AI-powered stock research. With a no minimum deposit requirement and competitive brokerage fees, Tiger Brokers makes it easy for both beginners and experienced traders to get started. Additionally, CHESS-sponsored accounts ensure that your shares are safely held under Australian market standards.

Pros:

• Low Brokerage Fees: Competitive rates for trading ASX, US, and Hong Kong stocks.

• Wide Market Access: Trade across global markets like the US, ASX, and HKEX.

• No Minimum Deposit: Start trading with any amount.

• User-Friendly Platform: Intuitive apps for desktop and mobile.

• Generous Sign-Up Offers: Zero brokerage trades and bonus incentives for new users.

• AI-Powered Tools: TigerGPT assists with research and stock analysis.

Cons:

• Limited Educational Resources: Fewer learning materials for beginners.

• Restricted Market Access: No European or other Asian markets outside of Hong Kong.

• Slow Customer Support: Some users report delays in response times.

Whether you’re new to investing or an experienced trader, Tiger Brokers offers a secure, low-cost platform with a range of trading tools to enhance your trading experience. However, its limited market access and educational resources may make it less ideal for some investors.

What to Look for in a Share Trading Platform

Choosing the right share trading platform requires careful evaluation of several key factors that directly impact your investment success and overall trading experience.

Brokerage Fees and Ongoing Costs

Brokerage fees represent one of the most significant ongoing costs for Australian investors and vary dramatically between platforms. Most Australian brokers charge a flat fee per trade ranging from $0 to $29.95 for ASX transactions, with some platforms offering zero brokerage on trades up to certain amounts.

Account maintenance fees can add $10-$20 monthly to your trading costs, though many platforms waive these for active traders or those maintaining minimum balances. Inactivity fees may apply if you don’t trade for extended periods, typically ranging from $15-$50 per quarter.

Currency conversion fees become crucial when trading international markets, with rates varying from 0.6% to 1.5% of the transaction value. Data fees for real-time market information can cost $20-$30 monthly, though many platforms now include this as standard.

Consider your trading frequency when evaluating fee structures. High-volume traders benefit from percentage-based fees, while occasional investors should prioritize platforms with low flat fees and minimal ongoing charges.

Platform Features and Usability

User interface design significantly impacts your trading efficiency and decision-making speed. Leading platforms offer intuitive navigation, customizable dashboards, and quick order placement across both web and mobile interfaces.

Mobile app functionality has become essential, with 70% of Australian investors now trading primarily through smartphones according to ASX research. Look for apps that maintain full desktop functionality, including advanced order types, portfolio tracking, and real-time alerts.

Order types and execution capabilities separate basic platforms from professional-grade tools. Essential features include market orders, limit orders, stop-losses, and conditional orders for automated trading strategies.

Portfolio management tools should provide comprehensive performance tracking, dividend calendars, tax reporting assistance, and asset allocation analysis. Advanced platforms offer automated rebalancing and goal-based investing features.

International market access varies significantly between providers, with some offering US markets only while others provide access to 20+ global exchanges including European and Asian markets.

Security and Regulation

ASIC regulation provides the foundation for platform legitimacy in Australia. All reputable brokers must hold an Australian Financial Services License and comply with strict capital adequacy requirements.

CHESS sponsorship offers superior security for ASX-listed shares by registering them directly in your name rather than holding them in a custodial account. This provides legal ownership protection and direct communication from companies.

Two-factor authentication has become standard security practice, adding an essential layer of protection beyond passwords. Leading platforms implement SMS codes, authenticator apps, or biometric verification.

Data encryption protects your personal and financial information during transmission and storage. Look for platforms using bank-grade 256-bit SSL encryption and regular security audits.

Fund segregation ensures your cash and investments remain separate from the broker’s own assets, protecting you if the platform faces financial difficulties.

Research and Analysis Tools

Real-time market data enables informed decision-making through live price feeds, order book depth, and market sentiment indicators. Premium platforms include streaming data for multiple exchanges without additional fees.

Charting capabilities range from basic price graphs to advanced technical analysis tools featuring 100+ indicators, pattern recognition, and backtesting functionality. Professional traders require multi-timeframe analysis and custom indicator development.

Company research should include comprehensive financial reports, analyst recommendations, earnings forecasts, and peer comparisons. Leading platforms integrate third-party research from providers like Morningstar or Thompson Reuters.

Educational resources particularly benefit newer investors through tutorials, webinars, market commentary, and strategy guides. Some platforms offer paper trading environments for risk-free practice.

News integration keeps you informed of market-moving events through real-time feeds, company announcements, and economic calendars. Advanced platforms offer personalized news based on your portfolio holdings.

Top Share Trading Platforms for Beginners

Beginner investors need platforms that prioritize simplicity without sacrificing essential features. The following platforms excel in providing newcomers with the tools and support they need to start their trading journey confidently.

User-Friendly Interfaces

Modern trading platforms prioritize intuitive design to help beginners navigate complex financial markets. moomoo stands out with its clean, streamlined interface that makes finding stocks and executing trades straightforward for new investors. The platform’s mobile app receives high ratings for its beginner-friendly design and easy navigation.

eToro offers one of the most accessible interfaces in the Australian market. The platform’s visual layout simplifies complex trading concepts through clear graphics and straightforward menus. Users can easily switch between different asset classes including ASX stocks, US shares, and cryptocurrencies without feeling overwhelmed.

Westpac Online Trading leverages the bank’s traditional approach to create a familiar environment for beginners. The platform’s interface mirrors standard online banking layouts, making it comfortable for users already familiar with digital banking services. Navigation remains simple with clearly labeled sections for research, trading, and portfolio management.

Webull combines powerful features with an approachable design suitable for newcomers. The platform’s interface scales from basic to advanced, allowing beginners to start simple and gradually access more sophisticated tools as their experience grows.

Educational Resources

Comprehensive learning materials help beginners understand market fundamentals and trading strategies. Westpac Online Trading provides extensive educational packages that include market research, investment guides, and regular webinars. The bank’s 24/7 customer support during US market hours ensures beginners can get help when needed.

moomoo offers solid educational content that covers both Australian and US market basics. The platform provides market analysis, trading tutorials, and research tools that help beginners understand stock valuation and market trends. Educational materials focus on practical applications rather than theoretical concepts.

eToro’s social trading features create unique learning opportunities for beginners. Users can observe and learn from experienced traders’ strategies, discussions, and portfolio allocations. This social aspect transforms trading education from solitary learning into community-based knowledge sharing.

Webull provides educational materials and research tools designed specifically for beginning traders. The platform offers market analysis, company research, and trading guides that help users develop their investment knowledge progressively.

Low Minimum Investment Requirements

Zero deposit requirements eliminate barriers for new investors wanting to start small. moomoo requires no minimum deposit and charges no monthly account maintenance fees, making it accessible for beginners with limited capital. The platform’s $3 ASX trading fee and US$0.99 US stock trading fee keep costs low for small transactions.

Fractional share trading allows beginners to invest in expensive stocks with minimal capital. moomoo supports fractional shares for US stocks, enabling new investors to purchase portions of high-priced shares like Apple or Tesla without needing thousands of dollars.

eToro eliminates commissions on the first 20 trades, providing significant value for beginners. This feature allows new investors to experiment with different stocks and strategies without worrying about trading costs eating into their initial capital. The platform has no minimum account balance requirement.

Webull offers free trades on both US and ASX markets with no account minimums. This combination makes it particularly attractive for beginners who want to explore different markets without significant upfront costs or ongoing fees.

Best Platforms for Active Traders

Active traders require sophisticated tools and lightning-fast execution to capitalize on market opportunities. These platforms excel in providing the advanced features that frequent traders demand.

Advanced Trading Tools

Moomoo leads the pack with its comprehensive suite of trading tools designed for serious market participants. Operated by Futu Securities (Australia) Ltd and regulated by ASIC, it offers access to both Australian and US stocks with professional-grade analytics. The platform includes advanced charting capabilities, technical indicators, and market scanning tools that help active traders identify opportunities quickly.

Westpac provides highly customizable trading interfaces that appeal to experienced traders seeking control over their trading environment. As one of Australia’s largest banks, it delivers institutional-quality tools through its advanced platform, supporting stocks, ETFs, warrants, and funds. The customization options allow traders to configure dashboards and workflows according to their specific strategies.

eToro distinguishes itself as a multi-asset platform offering access to ASX, US, and Hong Kong stocks alongside US options. While some advanced social trading features have limitations, the platform excels in providing diverse market access including cryptocurrency trading, making it suitable for traders seeking portfolio diversification across multiple asset classes.

Real-Time Market Data

Moomoo delivers competitive real-time market data access without monthly account maintenance fees, ensuring active traders stay informed without additional costs eating into profits. The platform’s data feeds support rapid decision-making crucial for short-term trading strategies.

Westpac includes complimentary investor packages featuring comprehensive market research, live data feeds, and professional-grade charts. These tools provide the market intelligence that active traders need to make informed decisions quickly, with advanced analytical capabilities supporting complex trading strategies.

eToro offers live market data with CHESS sponsorship ensuring data reliability and account security. The platform’s real-time feeds support multiple markets simultaneously, allowing traders to monitor global opportunities from a single interface.

Order Types and Execution Speed

Moomoo excels with low brokerage fees of $3 per ASX trade and US$0.99 per US trade, featuring fractional share trading for US stocks that benefits cost-conscious active traders. The platform’s execution speed supports rapid order placement crucial for capturing short-term price movements.

Westpac charges trading fees starting at $19.95 or 0.11% with standard order types and 24/7 support during US market hours. While fees are higher than some competitors, the platform’s execution reliability and comprehensive support infrastructure appeal to professional traders who prioritize service quality over cost savings.

eToro provides zero commissions on the first 20 trades, making it attractive for frequent traders testing new strategies. The platform’s well-regulated status and CHESS sponsorship ensure reliable order execution, though specific execution speed metrics aren’t detailed in public documentation.

Leading Platforms for International Trading

International trading has become increasingly accessible to Australian investors, with several platforms offering seamless access to global markets beyond the ASX.

Global Market Access

eToro stands out for international traders with access to ASX, US, and Hong Kong markets, making it suitable for investors seeking diversified global exposure. The platform provides CHESS sponsorship for Australian shares while offering access to major international exchanges.

Interactive Brokers delivers the most comprehensive global market access among Australian platforms, providing institutional-grade trading across multiple international exchanges. Traders can access various asset classes including stocks, options, and futures across different time zones and markets.

Moomoo offers competitive international trading with access to both ASX and major US exchanges including NASDAQ and NYSE. The platform supports fractional share trading on US stocks, allowing investors to purchase portions of expensive American shares with smaller capital requirements.

Westpac provides Australian investors with access to both domestic and global markets through their trading platform. The service includes international stock trading capabilities alongside comprehensive research tools and customer support.

Currency Conversion Features

Currency conversion represents a critical component for international trading, with platforms handling the exchange between Australian dollars and foreign currencies differently. Most leading platforms offer integrated currency conversion services, though the specifics vary significantly.

Interactive Brokers provides comprehensive currency conversion capabilities as part of its global trading infrastructure. The platform’s institutional-grade systems handle multiple currencies efficiently, supporting its extensive international market access.

Trading platforms generally include currency conversion within their fee structure, but investors should understand how exchange rates and conversion fees impact their international trades. Some platforms offer competitive exchange rates while others may include conversion costs within their brokerage fees.

International Brokerage Fees

Fee structures for international trading vary considerably between platforms, with some offering promotional rates for new users. eToro waives commissions for the first 20 trades, providing cost-effective entry into international markets for new investors.

Moomoo’s competitive fee structure includes $3 brokerage for ASX trades and exceptionally low $0.99 fees for US share transactions. This pricing makes it attractive for frequent international traders seeking to minimize transaction costs.

Westpac’s international trading fees start at $19.95 or 0.11% for global market transactions, with no ongoing account maintenance fees for standard accounts. The platform’s fee structure suits investors who prioritize comprehensive service and support over minimal transaction costs.

Most Cost-Effective Trading Platforms

Cost-effectiveness remains a top priority for Australian investors when selecting share trading platforms. The market has witnessed a significant shift toward zero-commission and low-fee structures that help investors maximize their returns.

Zero-Commission Options

Platforms offering zero-commission trading have revolutionized the Australian investment landscape. Betashares Direct provides brokerage-free trading for all ETFs and over 300 ASX-listed shares, eliminating traditional transaction costs entirely. This platform particularly benefits ETF investors who can build diversified portfolios without paying fees on each trade.

IG AU delivers commission-free trading for international shares including major companies like Tesla, Apple, and Meta. International investors gain access to global markets without traditional brokerage charges, though they’ll encounter a 0.7% foreign exchange fee on currency conversions.

Webull Australia offers $0 commissions on both US and Australian ETFs, making it attractive for investors focused on exchange-traded funds. The platform supports fractional share trading and provides access to multiple markets without standard commission fees, though users should note potential regulatory fees may apply.

Low-Fee Structures

Competitive fee structures extend beyond zero-commission offerings to provide value across different trading scenarios. Betashares Direct maintains its cost-effective approach by eliminating brokerage fees for ETFs and select ASX shares, allowing investors to trade frequently without accumulating substantial costs.

IG AU combines competitive commission charges for Australian shares with its zero-commission international offering. The platform’s fee structure appeals to diversified investors who trade both domestic and global markets, providing flexibility across investment strategies.

Traditional platforms have adapted their pricing to remain competitive, with many reducing standard brokerage fees and introducing tiered pricing based on trading volume. These structures benefit active traders who can achieve lower per-trade costs through higher transaction volumes.

Hidden Costs to Avoid

Foreign exchange fees represent a significant hidden cost that can erode returns on international investments. IG AU’s 0.7% FX fee applies to all international trades, potentially adding substantial costs for frequent global market participants. Investors should calculate these fees when comparing the true cost of international trading across platforms.

Regulatory fees appear on platforms like Webull Australia, where additional charges may apply despite zero-commission advertising. These fees, while typically small, can accumulate over time and should factor into total cost calculations.

CFD risks present another consideration, as some platforms include high-risk contracts for difference alongside standard share trading. These instruments carry significant loss potential and aren’t suitable for all investors, requiring careful evaluation of platform offerings to avoid unintended exposure to complex financial products.

Best Mobile Trading Apps

Mobile trading apps have become essential tools for modern investors who need flexibility to monitor markets and execute trades while away from their desks. Three platforms stand out for their mobile capabilities and user-friendly interfaces.

Essential Mobile Features

Real-time market data forms the backbone of effective mobile trading. CMC Markets delivers comprehensive market information through its Next Generation platform, featuring 80 technical indicators and 40 drawing tools, though mobile users access only 29 of the 86 desktop indicators. Westpac provides integrated real-time data feeds alongside news updates, while Moomoo offers zero-latency market access across Australian and major US exchanges.

Advanced charting capabilities enable traders to analyze price movements on smaller screens. CMC Markets includes 60 candlestick patterns within its mobile interface, allowing detailed technical analysis. Westpac’s platform features customizable chart layouts that adapt well to mobile viewing, and Moomoo provides professional-grade charting tools typically found on desktop platforms.

Order management features streamline the trading process for mobile users. CMC Markets offers $0 brokerage for one sub-$1,000 trade daily, encouraging frequent mobile trading. Moomoo provides competitive fees with zero deposit requirements, while Westpac starts at $19.95 or 0.11% for standard transactions.

Push notifications keep traders informed of market movements and order status updates. All three platforms deliver instant alerts for price changes, news events, and completed transactions directly to users’ mobile devices.

Offline Functionality

Limited offline capabilities characterize most Australian trading apps, as real-time market access requires constant internet connectivity. Modern platforms prioritize live data feeds over offline functionality, focusing resources on delivering immediate market information rather than cached content.

Portfolio review features may allow basic offline viewing of holdings and historical performance data. However, these capabilities remain secondary to live trading functions and aren’t commonly highlighted by major platforms.

Order preparation tools might enable users to set up trades offline for execution once connectivity returns, though this functionality varies significantly between platforms and isn’t universally available across Australian trading apps.

User Experience Ratings

CMC Markets receives high ratings for its advanced technology integration and competitive fee structure. Users praise the platform’s sophisticated mobile interface and the $0 brokerage offering for smaller trades, making it particularly attractive for frequent mobile traders.

Moomoo earns strong user satisfaction scores due to its accessibility features, including zero deposit requirements and no monthly maintenance fees. The platform’s comprehensive market access spanning Australian and US exchanges appeals to both novice and experienced traders seeking diverse investment opportunities.

Westpac maintains positive user reviews through its robust research tools and 24/7 customer support during US market hours. Traders value the platform’s comprehensive educational resources and reliable execution, particularly appreciated by users requiring detailed market analysis and professional assistance.

Platform	Key Mobile Strengths	User Rating Focus
CMC Markets	80 indicators, $0 small trades	Advanced tools, low costs
Moomoo	Zero fees, global access	Accessibility, no barriers
Westpac	Research tools, 24/7 support	Professional service, reliability

Platforms with Strong Research Capabilities

Australian investors who prioritize informed decision-making need platforms that deliver comprehensive research tools and market insights. These platforms distinguish themselves through sophisticated analysis capabilities that help traders identify opportunities and manage risk effectively.

Market Analysis Tools

Moomoo leads the research category with robust market data and advanced charting tools that cater to both ASX and US stock analysis. The platform provides real-time market data feeds, technical indicators, and screening tools that help investors identify potential opportunities. Users access heat maps, market sentiment indicators, and comprehensive financial metrics that support detailed stock analysis.

Westpac offers institutional-grade research packages with customizable market data displays and advanced charting capabilities suitable for various investor experience levels. Their platform includes technical analysis tools, sector performance tracking, and economic calendar integration. The research suite covers Australian and international markets with detailed company fundamentals and historical performance data.

Interactive Brokers provides extensive analytical capabilities through their advanced trading platform, featuring over 100 technical indicators and sophisticated screening tools. Traders access global market data, options analytics, and risk management tools that support complex investment strategies. The platform’s research depth appeals particularly to professional traders and advanced investors.

Platform	Real-time Data	Technical Indicators	Market Screening	Research Reports
Moomoo	✓	50+ indicators	Advanced filters	Company analysis
Westpac	✓	Comprehensive	Sector-based	Expert research
Interactive Brokers	✓	100+ indicators	Multi-asset	Global coverage

Expert Commentary Access

Westpac stands out for expert market commentary through their comprehensive research team that provides daily market updates, sector analysis, and investment insights. Subscribers receive regular market outlook reports, earnings previews, and economic commentary that helps contextualize market movements. Their research covers both domestic ASX stocks and international markets with professional-grade analysis.

Moomoo delivers expert insights through their research partnership network, offering access to analyst reports and market commentary from various financial institutions. Users receive notifications about earnings announcements, company updates, and sector developments that impact their holdings. The platform aggregates expert opinions and presents them in an easily digestible format.

Interactive Brokers provides institutional research access through partnerships with major research firms, giving users access to professional analyst reports and market commentary. Their research portal includes earnings estimates, price targets, and detailed company analysis from multiple sources. This comprehensive research access typically costs thousands of dollars through traditional channels.

Portfolio Management Features

Moomoo excels in portfolio tracking with zero inactivity fees and support for fractional share trading, making it ideal for long-term investors building diversified portfolios. The platform offers automatic dividend reinvestment, performance tracking across multiple currencies, and detailed cost basis reporting. Users monitor their holdings through customizable dashboards that display real-time portfolio values and allocation breakdowns.

Westpac provides comprehensive portfolio management tools including asset allocation analysis, performance attribution, and risk assessment features. Their platform supports multiple account types with consolidated reporting across different investment vehicles. Users access tax reporting tools, dividend tracking, and automated rebalancing suggestions that help maintain target allocations.

Interactive Brokers offers sophisticated portfolio analytics with risk management tools, performance measurement, and advanced reporting capabilities. The platform includes portfolio margin calculations, options portfolio analysis, and multi-currency account management. Professional investors benefit from detailed attribution analysis and customizable reporting that meets institutional standards.

These research-focused platforms enable Australian investors to make informed decisions through comprehensive market analysis, expert insights, and robust portfolio management tools that support both short-term trading and long-term investment strategies.

Specialized Platforms for Different Investment Types

Modern investors often seek platforms tailored to specific investment strategies and asset classes. These specialized features can significantly enhance trading efficiency and portfolio management.

ETF Trading Platforms

ETF trading capabilities vary significantly across Australian platforms, with most major brokers now offering comprehensive ETF selections. eToro provides access to a broad range of ASX and international ETFs with competitive pricing structures. Interactive Brokers stands out with extensive global ETF offerings across multiple exchanges, allowing investors to diversify internationally with low-cost options.

Selection variety remains crucial for ETF investors seeking specific sectors or geographic exposure. Westpac offers trading in ETFs, ETCs, and funds across global markets, with robust research tools to help investors analyze performance metrics. Moomoo supports competitive ETF trading with no deposit requirements, making it accessible for investors starting with smaller portfolios.

Cost structures for ETF trading differ across platforms, with some offering promotional rates or reduced fees for frequent ETF transactions. NABTrade provides comprehensive ETF access suitable for both novice and experienced investors, with educational resources to help users understand different ETF strategies and risk profiles.

Platform	ETF Markets	Minimum Trade	Special ETF Features
eToro	ASX, International	No minimum	Social ETF insights
Interactive Brokers	Global exchanges	No minimum	Extensive selection
Westpac	Global markets	$500	Research tools
Moomoo	ASX, US	No minimum	No deposit fees

Options Trading Capabilities

Options trading features require sophisticated platforms with advanced order types and risk management tools. Interactive Brokers leads in this space with comprehensive options strategies, educational resources, and institutional-grade execution capabilities. The platform supports complex multi-leg strategies and provides real-time options chains with detailed Greeks calculations.

Educational support becomes essential for options traders, as these instruments carry higher complexity and risk profiles. eToro offers options trading capabilities alongside educational materials to help users understand basic strategies like covered calls and protective puts. These platforms provide strategy builders and risk analysis tools to help traders visualize potential outcomes.

Risk management tools integrated into options platforms help traders monitor exposure and implement protective strategies. Advanced platforms offer features like automatic stop-losses, position sizing calculators, and real-time profit/loss tracking across complex options positions.

Copy Trading Features

Social trading functionality allows investors to automatically replicate successful traders’ portfolios, making it particularly valuable for beginners. eToro pioneered this approach in Australia, enabling users to browse top performers’ profiles, analyze their trading history, and allocate funds to automatically copy their future trades.

Performance transparency distinguishes quality copy trading platforms from basic social features. Users can view detailed statistics including historical returns, risk scores, maximum drawdowns, and trading frequency before choosing which traders to follow. This data helps investors make informed decisions about portfolio allocation across multiple copied traders.

Risk controls within copy trading features allow users to set maximum investment amounts, stop-loss levels, and profit-taking thresholds. These safeguards help protect against significant losses while still participating in potential gains from experienced traders’ strategies. Advanced platforms also offer the ability to copy only specific asset classes or exclude certain high-risk trades.

How to Choose the Right Platform for Your Needs

Selecting the ideal share trading platform requires careful evaluation of your personal trading habits and investment goals. The right choice can significantly impact your trading costs, portfolio performance, and overall investment experience.

Assessing Your Trading Style

Frequent traders need platforms with advanced charting tools and fast order execution capabilities. CMC Markets offers over 10,000 trading instruments with customizable analytics that suit active market participants who execute multiple trades daily. These traders benefit from platforms featuring real-time market data, technical indicators, and sophisticated order types like stop-losses and limit orders.

Buy-and-hold investors prioritize low ongoing costs and fractional share capabilities over advanced features. Platforms like moomoo charge just $3 per ASX transaction with no account-keeping fees, making them ideal for investors who trade infrequently. Long-term investors should focus on platforms offering dividend reinvestment plans, portfolio tracking tools, and educational resources rather than day-trading features.

International diversification seekers require platforms supporting global market access with competitive currency conversion rates. Multi-market platforms like Interactive Brokers provide access to exchanges across the US, Europe, and Asia, while maintaining cost-effective fee structures for cross-border transactions.

Comparing Fee Structures

Brokerage fees represent the most visible trading cost and vary significantly across platforms.

Hidden costs often exceed headline brokerage rates and include currency conversion fees, regulatory charges, and withdrawal fees. International trading typically incurs foreign exchange spreads ranging from 0.2% to 0.7% above mid-market rates. Investors should calculate total transaction costs including these additional charges when comparing platforms.

Account maintenance fees can erode returns for smaller portfolios or infrequent traders. Many modern platforms like moomoo eliminate these charges entirely, while traditional brokers may charge monthly fees that are waived based on trading frequency or account balances.

Testing Demo Accounts

Practice environments allow investors to familiarize themselves with platform interfaces before committing real capital. CMC Markets provides comprehensive demo accounts that simulate live trading conditions across multiple asset classes, enabling users to test order placement, charting tools, and portfolio management features.

Paper trading helps beginners understand market mechanics without financial risk. Demo accounts typically offer the same functionality as live platforms, including real-time market data, order execution simulation, and portfolio tracking. This hands-on experience proves invaluable for assessing whether a platform’s interface matches your trading preferences.

Feature exploration through demo accounts reveals platform limitations and strengths before opening funded accounts. Investors can test mobile app functionality, research tool accessibility, and customer support responsiveness during the trial period. Most reputable platforms offer unlimited demo access, allowing thorough evaluation of their trading ecosystem.

Conclusion

The Australian share trading landscape offers investors a wealth of options to suit every trading style and experience level. From beginner-friendly platforms with educational resources to sophisticated tools for active traders each option brings unique advantages to the table.

Success ultimately depends on matching the right platform to individual investment goals and trading habits. Whether prioritizing low fees comprehensive research tools or global market access investors can find solutions that align with their specific needs.

The key lies in taking advantage of demo accounts and thoroughly comparing fee structures before making a commitment. With proper research and platform selection Australian investors are well-positioned to navigate today’s dynamic trading environment and achieve their investment objectives.

• We developed criteria for selecting exchanges to evaluate, such as reputation, trading volume, user base, regulatory compliance, and the number of assets available to trade, as well as their websites to confirm they had licenses and compliance to operate in Australia, as well as other things like KYC protocols.
• Examined each platform’s security features, such as anti-phishing codes and 2FA codes, as well as its overall reputation for handling cyber security in accordance with industry best practices.
• Checked each platform for user-friendly design interfaces to ensure platforms are simple for newcomers to grasp.
• We gathered data on each exchange by visiting their respective website, reading user reviews, and checking for recent news or events pertaining to the platform.

Why trust AGR Technology

Alessio Rigoli launched AGR Technology in 2013 with the intention of focusing on YouTube and blogging on technology issues such as Android, Cyber Security, Blockchain, and EdTech. Since then, the business has grown to cover services such as website creation, hosting, software development, and digital marketing. AGR Technology helps clients in a variety of industries by delivering creative and high-quality technology solutions to assist them in growing.

Disclaimer: This material does not constitute an endorsement of futures, stocks, ETFs, CFDs, options, or any particular company, service, or offering. It is not intended to be used as investment advice or to make any recommendations. Futures, equities, ETFs, and options trading include a high risk of loss and are therefore not suitable for all investors. Trading CFDs and forex on leverage carries a larger chance of losing money quickly. Past performance is not indicative of future results. Before making any deals, consider your specific situation and get personal guidance. Visit the provider’s website to see the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product and consider talking to a financial professional.

Frequently Asked Questions

What are the best share trading platforms for beginners in Australia?

The top platforms for beginners include moomoo, eToro, Westpac Online Trading, and Webull. These platforms offer user-friendly interfaces, educational resources, and low minimum investment requirements. moomoo and eToro have no minimum deposit requirements, while Webull provides free trades, making them accessible for new investors to explore different markets without significant upfront costs.

Which trading platform has the lowest fees in Australia?

Several platforms offer competitive low-fee structures. Betashares Direct provides brokerage-free trading for ETFs and select ASX shares, while IG AU offers commission-free international share trading. Webull Australia provides $0 commissions on US and Australian ETFs. However, be aware of hidden costs like foreign exchange fees and regulatory fees.

Can I trade international shares from Australia?

Yes, many Australian platforms now offer international trading access. eToro provides access to ASX, US, and Hong Kong markets, while Interactive Brokers offers comprehensive global market access. Moomoo supports fractional share trading on US stocks, and Westpac provides both domestic and international trading capabilities with competitive conversion rates.

What should I look for in a share trading platform?

Key factors include brokerage fees, platform usability, security measures (ASIC regulation, CHESS sponsorship, two-factor authentication), research tools, real-time market data, mobile app functionality, and available order types. Consider your trading frequency, investment goals, and whether you need access to international markets when making your choice.

Are mobile trading apps reliable for share trading?

Yes, leading platforms like CMC Markets, Moomoo, and Westpac offer robust mobile apps with real-time market data, advanced charting, and comprehensive order management tools. These apps provide the same functionality as desktop platforms, allowing you to trade securely and efficiently from anywhere with proper internet connectivity.

Do I need ASIC regulation when choosing a trading platform?

Absolutely. ASIC regulation is crucial for investor protection in Australia. Regulated brokers must meet strict financial and operational standards, provide CHESS sponsorship for share ownership verification, and maintain proper security measures. Always verify that your chosen platform holds an Australian Financial Services License (AFSL).

What’s the difference between platforms for active traders vs beginners?

Active traders need advanced tools, fast execution, sophisticated charting, and real-time market data. Platforms like Interactive Brokers and Moomoo cater to active trading with comprehensive analytical tools. Beginners benefit more from educational resources, simplified interfaces, low minimum deposits, and community features available on platforms like eToro and Webull.

Can I practice trading before investing real money?

Yes, many platforms offer demo accounts or paper trading features. This allows you to familiarize yourself with platform functionality, test trading strategies, and understand market dynamics without risking real capital. Demo accounts are particularly valuable for beginners to build confidence before committing actual funds.

Other resources:

Best Share Trading Platforms in Australia 🦘📈 – My Research & Thoughts (Reddit)

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