7 Best Day Trading Platforms In Australia (2025)

You can make a small fortune from day trading, provided you start with a large fortune – or so the joke goes. Few succeed, but if you’re up to the challenge, the rewards can outweigh the risks.

Apps you like for long-term investing may not be suitable. Day trading requires a different mindset, different strategies, and different tools, due to its dynamic nature.

(Related: How To Day Trade In Australia.)

You’ll need quality charts and data to stay attuned to price movements and market news.

And you’ll need confidence that the platform will execute your trades rapidly, while also helping you to manage risks and keep trading costs down. 

For beginner day traders especially, it’s important to consider a platform that:

The best way to know if a platform is right for you is to try it out.

Signing up for multiple accounts takes some effort, but it’s worth it to accurately compare your top picks.

But first, narrow down your choices by exploring our guide.

1. Interactive Brokers.

Best overall day trading platform in Australia.

Aussie day traders flock to Interactive Brokers (aka IBKR) primarily because the fees are so competitive and it boasts a massive breadth of available assets and markets.

While longevity isn’t always a sign that a platform is high quality, IBKR is both longstanding (it’s been around since 1978) and award-winning.

In particular, it’s known as the top choice for advanced and professional traders.

Beginner traders with big day trading ambitions that don’t want to risk outgrowing simpler platforms will also find a lot to like.

Pros.

IBKR gives you access to 160 markets in 36 countries. You can trade the full gamut of assets including stocks, options, futures, currencies, bonds, ETFs, funds and contracts for difference (CFDs).

You can choose from 28 currencies to use to fund your account and trade in, and its margin interest rates are relatively low.

The platform’s fees make it affordable for both beginner day traders, who won’t be playing with large sums, and the professional traders trading big money at high volumes.

For example, on its tiered pricing model:

Value-for-money across the spectrum makes IBKR an ideal choice if you’re still learning, but know you’ll gradually be investing more as you take a crack at mastering day trading.

There are seven different desktop and mobile interfaces, with two main proprietary tools aimed at intermediate to advanced traders: IBKR Desktop and Trader Workstation (TWS).

Whereas TWS has a reasonably steep learning curve, but the rewards are great. It has a stellar reputation among day traders for being:

You’ll get free streaming data on US-listed stocks and ETFs, and you can pay a monthly fee for level 2/market depth data feeds across a staggering number of markets/exchanges.

As a guide, L2 ASX data will cost you $25 per month.

For the experienced and tech-savvy day trader, IBKR also makes it easy to:

Cons.

While the fees are low, it’s not straightforward to calculate the cost of a trade in advance. It’ll do your head in navigating its complex fee structure across different assets and geographies.

You’re spoilt for choice in features, yes. But that means IBKR can’t achieve the streamlined simplicity of some stockbroking apps. The interfaces are professional but less friendly than a typical consumer-facing app.

Clunky onboarding into the app can also be an issue, and IBKR’s help isn’t always helpful.

Overall.

Market-leading rates make IBKR a standout. But its comprehensive and powerful product offering also makes it hard to go past, especially if you’re looking to trade more niche regions or products like options.

If you’re deep into technical analysis (or plan to be), you’ll appreciate the comprehensiveness of its charting and trading tools, although diehard Metatrader fans might prefer a broker that easily links to MT4/5.

2. Pepperstone.

Best platform in Australia for day trading CFDs.

An Australian-made brokerage firm, Pepperstone is based in Melbourne and has built a strong reputation for value and usability over its 15 years in operation.

It’s designed specifically for active traders keen to grow their profits using leverage, with a focus on contracts for difference (CFDs) and foreign currency exchange (FX).

Pros.

Many traders’ preferred expert advisors — MetaTrader and cTrader — are supported by Pepperstone. So you’ll have some of the leading decision-making tools at your fingertips.

That’s backed by top-notch execution speeds.

You can also get a free TradingView subscription (normally AU$22.19 per month) for access to charting, and easily connect your TradingView account to directly place trades via Pepperstone.

It gives you access to 93 forex pairs and raw spreads starting from 0.0 points and you’ll pay a commission of US$3.50 per lot, per side. Or if you’re using MT4/5 and your account is in Australian dollars, you’ll pay a commission of AU$7 round trip.

And while you’ll likely be closing positions within the same day, its overnight interest rates are considered some of the cheapest in the market.

There are cheaper FX and CFD platforms. For example, Fusion Markets (which comes in at #3) offers similar spreads, and has a lower commission on trades.

In addition to popular currencies, you can trade CFDs in 40 commodities, 26 indices, 31 cryptos and almost 1500 global shares and ETFs.

If you’re trading at volumes that make you eligible, you can apply for Pepperstone’s Active Trader Program to get rebates on commissions across FX, indices and commodities trading.

Example:

Active traders can also hook into Pepperstone’s virtual private server (VPS) for free, which offers powerful, low-latency infrastructure for 24/7 uptime and faster automated trading. Plus the platform’s analysts will send you insights and daily signals.

(Related: What Is Slippage In Trading, And How To Avoid It?)

Cons.

If you want to use a single platform for day trading and managing a share portfolio, you’re out of luck. The limited focus on CFDs and Forex trading is a downside for Pepperstone.

Pepperstone does offer a solid proprietary trading platform, available via a browser or a nifty mobile app.

But it falls short by not enabling automated trading, backtesting, depth of market data, or advanced take-profit/stop loss levels.

The temptation to try to maximise your gains can be great. And the losses can be truly devastating if you’re careless with leverage.

Overall.

Pepperstone’s range of assets, reputation for speed and transparent, economical fees makes it hard to pass up for day traders at any level who prefer to trade FX and CFDs.

For the serious day trader hitting high volumes, it offers the best all-round environment for CFD and currency trading: low cost, high performance, and personalised support and rewards as you become more advanced.

3. Fusion Markets.

A top choice for day trading Forex.

Another Melbourne-based winner that gives Australian Forex and CFD day traders an edge.

Fusion Markets launched trading for clients just six years ago, and has been consistently committed to providing value-for-money — which has seen it consistently lauded with industry awards.

Pros.

Fusion Markets has staked its reputation on offering the lowest trading fees.

With its ZERO account, the FX spreads are low (averaging 0.0 for major pairs) and you’ll pay AU$4.50 round turn commissions, and zero commissions on US share CFDs. 

That’s a major plus. But added to that, its non-trading fees and other account funding conditions are excellent. They include:

For day traders applying scalping strategies, rest assured Fusion Markets is also zippy.

Your analytical and market data needs are well in hand. The broker gives you access to best-in-class trading platforms including

Within your Fusion Markets account you’ll also get access to trading tools such as analyst views, insights into TA indicators and popular trades by other users, as well as an AI-powered tool to track news and events.

Expert day traders looking for leverage up to 1:500, volume-based rebates, or to explore copy trading, can apply to become a Pro client (wholesale account). 

In addition to premium support and perks, Pro clients can access the platform’s New York based VPS for free, provided you trade more than 20 lots of FX or metals within a 30-day period.

Cons.

Cheap. Fast. What’s the catch?

As alluded to in my review for the #2 position — variety is lacking. Compared to Pepperstone’s 1300+ product range, Fusion Markets has just 250 products available and you can’t trade ASX stocks.  

While its website has a modern, appealing feel, the educational resources are thin on the ground.

That’s a red flag for beginners looking to build their skills in day trading.

Even its demo account is a bit more restricted. It’s deactivated after 30 days unless you request an extension (by comparison, Pepperstone’s demo accounts only expire after 60-90 days of inactivity).

Overall.

If you already limit yourself to a specific range of currency pairs, commodities and US stocks that Fusion Markets has covered, you won’t feel constrained by its product range.

In which case, it’s a no-brainer due to its rock-bottom fees and reliability.

Combined with its dearth of learning materials, Fusion Markets isn’t well-suited for the beginner-to-intermediate day trader still exploring or testing their trading strategies.

(Related: AUD To Euro Forecast: Trouble Ahead?)

4. AvaTrade.

A decent option for CFD day trading.

AvaTrade is a global online brokerage that’s regulated across six continents and turns over more than $60 billion in trading volumes every month.

It’s clearly a legitimate platform that has earned the trust of traders since it launched in 2006.

AvaTrade offers CFD trading across currencies, commodities, indices, options, cryptocurrencies, and stocks/ETFs — although not ASX-listed shares. 

Pros.

Day traders will appreciate that AvaTrade enables automated trading and scalping. It gives you access to some of the best EA tools around: MetaTrader 4 and 5.

In terms of other trading platforms, your options include:

AvaTrade doesn’t charge commissions. All trading fees are captured by the fixed spread, which provides stable pricing.

Like all CFD trading platforms, using AvaTrade lets you play with leverage and also easily go long or short, which gives you greater flexibility and potential for gains in day trading.

You’ll be restricted to a maximum of 30:1 leverage if you sign-up for an Australian-based retail account. But if you can show you’re an expert trader (or you’ve got assets worth over $2.5 million or a high income) you can access leverage up to 400:1 with an AvaTrade Pro account.

AvaProtect lets you protect a specific trade against losses of up to $1 million over a certain time period. It comes with “a modest hedging cost”. 

Of course, the fee might eat into your profits more than you’d like. But it might give you peace of mind as you progress to placing larger positions.

An even better way to grow your confidence? Practice, practice, and practice some more.

AvaTrade offers a 60-day demo account for paper trading and decent free educational content in its AvaAcademy. 

Cons.

While AvaTrade’s spreads are good, they aren’t great. And they can differ pretty widely by currency pair.

Depending on your favourite majors, minors or crosses, you might get better value from a broker that offers raw spreads, even with the commission factored in.

You can’t trade ASX-listed share CFDs and its selection of tradable crypto CFDs is small.

An avoidable, but irritating bugbear for AvaTrade users is its inactivity fee: you could be slugged US$50 if you don’t use your account for three months.

But it doesn’t stop there. If you keep your account open, but it stays inactive for 12 months, the platform may also deduct a hefty admin fee.

Overall.

AvaTrade is highly accessible, with multiple trading tools and a strong educational offering. If you’re a novice or intermediate day trader, you’ll benefit from its breadth of platforms and comprehensive support.

While it has roughly the same number of available tradable instruments as Fusion Markets, its trading costs aren’t as good. I do rate the simplicity of its account structure, fixed spreads, and risk management tools.

5. Webull.

Founded in 2017, Webull has tens of millions of users across more than 180 countries, so it’s no fly-by-night operation.

It’s a well-liked day trading app with an emphasis on US and Australian shares and ETFs. The company is headquartered in the US but has offices globally and holds multiple licences, including a Sydney branch and an AFSL.

Pros.

If your intraday strategies are underpinned by trading stocks, Webull is ideal. It has low trading fees — you’ll pay a commission of just $0.0003 x trade value on ASX stocks, and $0.00025 x trade value on US stocks.

The depth of US and Australian shares and ETFs available is impressive. Webull lets you trade:

A definite win for day traders: Webull offers free ASX and CBOE realtime and snapshot data for the Aussie market, and free Level 1 data for US markets. If seeing the full order book is critical to how you trade, you can also subscribe for L2 data.

(Related: 19 Best ETFs And Index Funds In Australia.)

You can also:

Webull’s trading platforms include a desktop interface featuring data feeds, in-depth analytics, and trading tools.

Its mobile trading app is an award-winner and has 4.5 stars on the app store. That’s justified, because it refreshingly easy to navigate and includes the most logical features and charts for on-the-go trading.

It only recently launched crypto (spot) trading, but offers a robust selection of 240 common coins through an integration with Coinbase which provides custody of the digital assets.

Webull has also been recognised for the strength of its free paper trading tool:

Cons.

If you’re a wiz with Metatrader and it’s fundamental to your day trading approach, Webull won’t be your top pick as it only offers its two proprietary tools.

Webull did introduce the ability to integrate with TradingView, but it’s only available to US users right now. That was a huge disappointment for many Aussie day traders.

Also, Webull’s margin interest rate is pricey, making the platform not worth using for margin trading.

Overall.

It’s definitely possible to build a responsive and well-informed day trading habit using Webull’s in-house platform. It’s reliable, data-rich and comes with low transaction fees.  

You might be more comfortable executing stock trades as a beginner day trader, rather than more complex assets or risky, leveraged products like CFDs. Being able to spend what you can afford on fractional US shares is also helpful if you’re starting small.

6. Moomoo.

Launched in 2018 in the US, Moomoo has a spunky energy and user-friendly interfaces. It’s been operating in Australia since 2022 and currently sees annual trading volumes in excess of US$997 billion.

Moomoo offers share trading across Australian, US and Hong Kong markets as well as US options trading.

Pros.

Share market analysis and making trades are both a real pleasure on Moomoo’s platform. The tools are powerful, the design is easy-to-navigate, and the experience is smooth.

Its app is quick on execution and well-equipped for day traders looking to go down a few research rabbit holes. It features:

Paper trading is integrated into the app so you can easily test and refine your day trading skills with $1M in virtual money.

Its pricing is also very reasonable:

CHESS-sponsored Australian shares means you retain control — especially useful if you want to manage long-term investments alongside day trading stocks.

And because it’s still in growth mode, Moomoo offers some nice rewards for new sign-ups or transfers from other brokers, including $0 brokerage on US and ASX stocks for 30 days.

You can also earn interest on invested cash sitting in your trading account. Its ‘Cash Plus’ feature offers:

Cons.

There’s no support for third-party trading platforms like MT4/5 — although as of March 2025 you can now integrate Moomoo with your TradingView account.

It’s only a deal-breaker if you’re wedded to a particular platform, not because Moomoo’s own tools are lacking.

Overall.

Moomoo is a cost-effective brokerage with a clean user experience and genuinely useful analysis tools. But your day trading strategy will have to revolve almost entirely around Australian and US stocks and ETFs for Moomoo to be your top choice, unless you’re happy running multiple accounts.

7. IG.

IG Australia is the local arm of a 50-year old London-based company called IG Group that started as a spread betting company.

It has a track record of being a dependable online broker and is one of the most popular choices for Australian CFD traders.

Its popularity largely arises from being a good one-stop-shop — letting traders explore a wide range of markets via CFDs but also buy, sell and hold Australian and international shares.

Pros.

IG’s CFD trading fees are a competitive range with spreads from 0.6 points on FX pairs, 0.8 points on major indices and 0.1 points on commodities.

A round trip Australian share CFD trade will cost AU$7 or 0.08%.

Directly buying and selling shares comes with zero commission, and you can choose from thousands of stocks across Australian, UK, US, Germany and Ireland.

The range of assets you can trade using CFDs is extensive:

You can also get lower margins and volume-based rebates if you qualify for IG’s Pro account.

IG shines when it comes to the availability of trading platforms and integrations that day traders look for. It offers:

Cons.

IG’s spreads aren’t market-leading.

And while its no-commission share trading sounds good, the 0.7% foreign currency exchange fee is pretty steep if you fund your account in AU$ but are consistently trading US stocks.

Sometimes it doesn’t seem like IG’s chat support is equipped to provide answers or handle your problems in real-time, which means it’s just a fast way to feel frustrated.

Overall.

It doesn’t have the comprehensiveness of platforms like IBKR. It doesn’t offer the same level of value as some other CFD-focused apps listed here.

But it does have a sufficient mix of both qualities, making IG a good middle ground for many day traders. It depends a great deal on the instruments and markets you’re looking to trade.

Jody