67% of retail investor accounts lose money when trading CFDs with this provider. 67% of retail investor accounts lose money when trading CFDs with this provider.
If you’re an Australian trader that is looking to trade in the share markets online, then you are going to need a quality share trading platform. The best share trading platforms Australia will offer you a large range of markets to trade, low and transparent brokerage fees, and great customer support.
It is also important that your brokerage and trading platform are tightly regulated by the Australian regulator ASIC.
In this in-depth guide, we go through the best share trading platform Australia as well as some of the other quality alternatives.
We review the top trading platforms Australia further down this page, but before we get into it, here’s a quick snapshot of the best share trading platform Australia and some other great brokers to consider.
eToro – Overall Best Share Trading Platforms Australia with 0% Commission
Capital.com – Best Best Trading Platform Australia for Education
Plus500 – CFD Share Trading Platform with Tight Spreads
CMC Markets – Best Stock Broker Australia for Customer Support
AvaTrade – Best Share Broker Australia With MT5
Selfwealth – Best Fixed Fee Australian Stock Broker
Let’s now take a more thorough look at Australia’s best share trading platforms for 2021.
1. eToro – Overall Best Share Trading Platform Australia with 0% Commission
eToro came out on top in our review.
With you visit eToro you can trade on over 2,400 stocks and they can all be traded commission-free.
The way eToro makes its money is through their spread which is why they do not charge any commissions.
When trading stocks as CFD’s through eToro in Australia you can get access to their leverage. As a retail trader, you can leverage your stock trades by up to x5. If you qualify as a professional trader, this leveraged amount can be increased so you can leverage your trades up to x20 on some selected stocks.
Whilst making your own trades is a great way to take part in the stock market, one of the main features of eToro is its copy trading function.
eToro is a social trading platform that allows you to interact with other traders and it also offers copy trading tools. Copy trading works by letting you follow other successful traders and make money from their winning trades. You can also follow and copy as many other traders as you like.
The eToro trading platform is their own custom-built platform and it is very easy to use. You can access it via the web on your desktop or through any of your mobile devices.
Placing a trade on the eToro platform is very straightforward and before you enter your trade the platform will show you the potential profit or loss to make sure you are not making a mistake.
Whilst eToro offers a huge range of stocks you can trade, they also offer an extensive range of other markets. These markets include; ETF’s, cryptocurrencies – which makes it one of the best bitcoin trading platforms, Forex, indices such as ASX, oil, Gold, Silver, and thousands of different stocks. You can also trade all of these markets and assets commission-free.
eToro is strictly regulated and this includes being regulated by the ASIC in Australia, according to its disclaimer. It also holds other tier-one licences throughout the world including with the FCA in the UK making it a very tightly regulated CFD provider.
This is one of the cheapest Australian share trading platforms that allow you to trade stocks with leverage. The platform is easy to use on desktop or mobile and has a range of deposit and withdrawal options that include e-wallet, bank transfers, and debit/credit cards.
75% of retail investor accounts lose money when trading CFDs with this provider.
2. Capital.com - Best Best Trading Platform Australia for Education
This online share trading platform created by Capital.com has been designed with beginners in mind. It is very easy to use and it runs very smoothly.
Whilst this platform is not as advanced as some other trading platforms on the market, it can be learned quickly and you can be making advanced share trades in a short period of time.
Another reason a lot of new and active traders to the market looking to start with Capital.com is that they have no minimum deposit. This allows you to start trading and sell shares for a very small capital outlay with reliable market data and placing many order types.
One area that Capital.com stands out is its educational resources. This stockbroker provides top-quality and free trading guides and videos that will help your trading as an active investor.
Capital.com has multiple deposit methods that are quick and easy to use and that will help you get started trading international shares quickly.
When it comes to fees, Capital.com is one of the cheapest online brokers on the market. You can trade with no commissions and their spreads are some of the smallest of any broker with friendly functionalities.
You can signup to Capital.com using the button below.
No minimum deposit.
Many assets and international markets available to trade.
Many different languages.
They offer Islamic accounts for forex trading and other instruments.
72% of retail investor accounts lose money when trading CFDs with this provider.
6. SelfWealth – Best Stock Broker Australia with Fixed Fee
This Australian stock broker was founded in 2011 and works a bit differently to the other brokers on the list.
With this broker, you are not buying and selling shares with CFD’s and you are not using leverage. This broker works similar to the way Commsec works in that they allow you to carry out traditional share investing.
With this type of share trading you are taking out shares and part ownership in the company. This gives you all the rights of a part-owner including any potential dividends. With CFD trading you are not physically buying the underlying asset and are only speculating on whether the price will move higher or lower.
SelfWealth has their own trading platform and they are fast becoming known through the industry for their very low-cost methods.
With SelfWealth share trading, you will pay no commissions for buying your shares. The only cost you will pay is a fixed $9.50. Unlike some stock brokers where the fee rises with the more you buy, this fee is fixed.
SelfWealth now has over 78,000 Australian investors using their platform and you can trade both Australian and US shares.
Another nice feature is what they call their ‘wealthcheck’ feature. With this, you can see where and how your portfolio ranks against the other investors on the platform.
All financial products involve risk. Past performance is not a reliable indication of future performance.
Best Share Trading Platforms Australia Fees Comparison
Wondering how Australia best stock brokers compare in terms of fees? Look no further. As many of the best online share trading platforms Australia have dynamic costs, we've shown you fee fees for popular assets like Amazon. We have also included other markets such as the GBP/USD forex pair to give you an idea of the cheapest CFD brokers with the lowest fees.
Yes. Taken at end of each trading day at 5 pm New York time, which may be positive or negative.
Yes. Based on leverage for stocks, crypto, and thematic assets. Based on the entire value of position for forex, commodities, and indices.
Yes. Applies to all instruments and can either be positive or negative.
For CFD assets an overnight fee is taken at end of each trading day at 9 pm GMT as interest, which may be positive or negative.
No overnight fees.
How to Choose the Best Share Trading Platform for You
As this thorough review shows, there are a lot of options when it comes to share trading in Australia.
However, it is important you keep in mind some of the important factors that will help your stock trading success when choosing your broker and trading platform.
Some of these points will be important with whatever share trading platform you use. These include making sure that the platform is ASIC regulated in Australia, you have good options for deposits and withdrawals and the customer support is first-rate. Some of the other factors will be dependant on the type of trading you are suited to and the best broker for your individual needs.
The main benefits you should always look for in your stock broker and share trading platform include;
For any trader whether an absolute beginner or a professional, regulation is important.
If your money is important to you, then trading with a stock broker that has strong regulation is extremely important.
Around the world regulation continues to change, however, there are what is known as tier one regulators that your broker should be regulated by.
These include ASIC in Australia, the FCA in Australia and the CFTC in the US.
These regulations ensure a tightly controlled financial marketplace and that the brokers under their control are following strict guidelines.
The more shares you have to trade from, the more trading opportunities you have and the more potential trades you can make.
Unfortunately, not all brokers will have the shares and markets you want to trade.
The best share trading platforms Australia will have a very extensive range of shares for you to trade both in Australia and internationally. These brokers will also offer other markets that include;
When trading shares fees can often be hard to understand. Some brokers can hide the different fees they are charging or they make them very complicated.
The best stock brokers are very transparent with their fees and when placing your trade you will know exactly what the cost is.
Obviously the less you are paying to make your trades, the more profits you are keeping at the end of the day.
The two most common types of fees you will run into when share trading commissions and spread.
Some brokers will charge you a commission to buy and sell your shares and others like eToro will charge zero commissions, but they will charge a spread.
Some other common share trading fees you need to keep in mind are:
Overnight Financing Fee: If you are trading your shares as CFDs and holding your trades overnight, then you will be subject to an overnight financing fee.
Deposit or Withdrawal Fees: Some brokers will charge a deposit or withdrawal fee. Some will also charge a conversion fee if your account is in a different currency.
Inactivity Fees: Some Australian share trading platforms will start charging you monthly inactivity fees if your account goes inactive.
Trading Tools & Features
Trading tools and features can vary wildly from stock broker to stock broker.
The better quality the tools that your broker provides, the better your chance for trading success.
Some of the tools and features you should look out for include copy trading, social trading, and free demo or virtual trading account.
The copy trading feature that eToro provides is an industry leading tool that lets you copy other professional traders and make money from the exact same trades they are making.
Demo or virtual accounts are also important features that your broker should provide to you for free. Not only does a demo account let you practice on the trading platform without risking any real money, it lets you practice any new trading strategies before going into a live account.
Education, Research & Analysis
The very best stock brokers in Australia give you access to free daily market analysis and investment education.
Daily market research and analysis can be a crucial edge over the market when share trading, especially if it is high quality.
Major news and economic announcements have the ability to move shares prices rapidly and being able to stay one step ahead of the curve with quality analysis and market research is a major benefit to have with your stock broker.
User Experience: Easy to Use Online Share Trading Platform Australia
The Australian share trading platform that you choose to use needs to be easy to use and have a quick trade execution time.
You do not want a trading platform that is overly complicated and hard to use. This will leave you unable to make and manage your trades quickly when you need to.
The very best stock trading platforms Australia like eToro have everything built-in and can be used on both desktop and mobile platforms.
The eToro platform shows you everything before you place your trade such as the amount you could profit or lose and the exact trade parameters.
You are not always going to be at your desktop to make or manage your trades.
Having a high-quality mobile trading app for your stock trading is crucial.
There will come times when you need to check your share portfolio or when you need to exit a trading position. Having a quality mobile app that you can easily check all of your trading statistics and manage your trades with should be an important focus when choosing your share trading broker.
Most of the top share trading platforms offer mobile trading apps, but we recommend eToro's above all others due to its excellent design, clear layout, and intuitive interface.
Some brokers will offer many different deposit and withdrawal payment methods.
It is important you are using a broker that accepts that type of payment method that you trust and are comfortable with.
It is also important that this payment method is fast, efficient and it comes with minimal fees or conversion costs.
This is another feature that can vary extremely wildly in quality from broker to broker.
The best stock brokers will offer you first-class customer service. They will have multiple methods you can get into contacts with them such as phone, live chat, or email and their staff will be knowledgeable.
Whilst some brokers are easy to get into contact with, their customer support has very limited knowledge of the markets. This is not going to help you if you have a question about one of your trades or something in particular about the markets.
The best customer service teams have been thoroughly trained and are very easy to get into contact with.
How to Get Started with the Best Share Broker Australia
In this guide so far we have gone through how you can select the very best stock trading platform Australia and the important factors you should take into account.
We are now going to go through a step-by-step guide on how you can signup and start making share trades. For this, we are showing you how to signup and get started with our number one rates share trading platform in Australia, eToro.
Step 1: Open an Account and Upload ID
The first step you will need to take whether opening a demo, investor, or copy trading account is to go to eToro here and start the account opening process.
75% of retail investor accounts lose money when trading CFDs with this provider.
You will then have to enter your name, username, email, password, and phone number.
Step 2: Confirm Identity
Because eToro is so strongly regulated, including by ASIC in Australia, they are required to confirm your identity. This only takes a few moments and once done will ensure that you can withdraw your profits. It will also ensure that the deposit limit is increased and your account is verified.
To get verified you will need;
Valid passport or driver’s license
Utility bill or bank account statement (issued within the last 3 months)
Often eToro will automatically approve your account after you have uploaded the correct documents and your account will be verified instantly.
Step 3: Deposit Funds
The next step is to deposit funds into your account so you can start trading.
eToro has a few different deposit methods that include;
E-wallets (Paypal, Skrill, or Neteller)
Down the bottom left you will see the 'Deposit' button. Click on this and you can then make your first deposit. The current minimum deposit is $200.
Step 4: Start Trading
Now you have funds in your account you are all set to start trading.
The first thing you will need to do is search for the market or asset you want to trade. You can use the search bar up the top of the screen to find the market you want to trade.
75% of retail investor accounts lose money when trading CFDs with this provider.
What is the best share trading platform Australia for beginners?
Whilst there is a lot of competition, eToro stands out for share trading in Australia. eToro offers a user friendly trading platform for both beginners and advanced traders which is why they now have over 17 million traders worldwide. as simple as it gets in the Australian trading scene.
What is the best free stock trading platform Australia?
A lot of the best online share trading platforms Australia will allow you to use their trading platforms for free and not charge any fees. Some of these brokers include eToro, AvaTrade and CMC Markets.
Who offers zero commission stock trading in Australia?
Zero commission stock trading is quite common in Australia. This means that you are not paying any commissions to enter or exit your trades and are only paying the spread mark-up that the broker adds on. Some of the brokers that offer this are eToro, AvaTrade and CMC Markets.
Are Australian share trading platforms regulated?
Share trading platforms in Australia are some of the safest and strongest regulated in the world. The financial watchdog in Australia is ASIC and they do a very good job of monitoring the financial market space.
Which Australian share trading platforms offer short-selling?
Short selling is most often carried out through a contract for different or a 'CFD'. Some of the brokers that allow this on shares in Australia include eToro, Capital.com and Plus500.
Johnathon is a Forex and futures trader with over ten years trading experience who has written for some of the biggest finance and trading sites in the world. Jonathan is also the founder of ForexSchoolOnline.