16 Best Stock Trading Apps In Australia For 2026 Compared

The best stock trading apps are like great wives. They can be helpful at the right moment – but surprisingly complicated once you look under the bonnet.

Jokes aside, I don’t love buying stocks on the go. Historically, I’ve felt most comfortable buying stocks at my desk, where I can carefully weigh my options.

That said, I do use trading apps regularly – to monitor my portfolio and adjust my positions in stocks and ETFs I already have exposure to.

Below, I compare 16 platforms people encounter when searching for the best share trading apps in Australia.

I reveal where each shines – and where it sucks – based on my personal experience and research.

1. eToro.

Stock trading app I used early on – largely for its copy trading features.

Above: eToro’s clean, minimalist interface looks like it was designed by an Apple engineer.

When I first decided to move my portfolio out of Selfwealth, I landed on eToro.

Why?

Because of its intuitive interface (something I also liked about Selfwealth) and its copy trading features.

Regulated in Australia by ASIC, it offers low ASX trading fees. And as of late 2025, it slashed its currency conversion fees to ~0.75% (75 pips).

(Related: eToro Review: Pros, Cons, Fees & Ugly Details).

Pros.

eToro’s defining feature is copy trading – and it’s the one I spent the most time using.

It saved me time by allowing me to follow the strategies of more experienced traders.

I copied their trades and learned from their advice.

Copy trading changed that dynamic.

It allowed me to invest time in building my businesses (something I’m apparently relatively good at) – instead of spending my evenings buried in charts, learning how to do fundamental and technical analysis.

Above: Choosing a trader to copy on eToro. Notice the ‘Portfolio Risk’ score and performance history – both monthly and versus the S&P500. But remember – past results don’t guarantee future returns.

I followed other traders and used the platform’s copy trading tools to mirror their activity.

Their trades were then replicated automatically in my portfolio.

I already mentioned that I found eToro’s mobile trading app crisp, clean and easy to wrap my head around, so I won’t harp on about it.

It has the same features as eToro’s desktop app (also easy to use).

By the way, eToro supports fractional shares.

This makes traditionally “expensive” stocks like Tesla and Berkshire Hathaway Class B – currently priced at about US$430 and US$493 respectively – more accessible.

Above: eToro’s trading interface is a sweet spot of power and ease of use. You get access to stop losses, leverage and outside-of-hours trading.

ETFs are commission-free on the eToro app.

Share trading, however, is priced differently depending on the market:

In practical terms, eToro charges roughly $75 in FX fees for every AU$10,000 converted into USD.

It’s about 30% cheaper than (apparently low-cost) Selfwealth.

And about on par with Interactive Brokers – but only if my deposits are less than $500 each. Above this inflection point, I noticed that Interactive Brokers’ FX fee made more sense.

Hence my decision to eventually “graduate” to IBKR – which I explain in detail below.

But here’s some context first.

If you follow my blog closely, you’ll know that for several years now, eToro has been a USD-only platform – and charged 1.5% currency conversion fee on ALL deposits.

Even if one wanted to buy ASX shares.

Madness.

I didn’t like this, but chose to view it as the price of accessing the platform’s excellent copy trading features.

After all, they saved me time – and time is money.

eToro now accepts Australian dollar deposits that you can use to buy ASX stocks – without paying any FX fees at all.

Mazel tov!

I also learned that eToro’s FX fee isn’t fixed. As balances grow – between US$5,000 and US$250,000 – tiered discounts apply.

That slashes the effective FX rate from 0.75% to roughly 0.6% – 0.15%.

Above: eToro now offers AUD and USD funding via bank transfer, Visa or Mastercard, PayPal, Neteller or Skrill.

Cons.

Pricing charts, a stock screener, an economic calendar and earnings reports are available.

More advanced TradingView charts become available once the portfolio balance tips above US$5,000.

For me, that’s where the line is.

While eToro’s simple user interface appeals to me, I doubt I’d use it if I was day trading and/or performing complex technical analyses.

However, I keep reminding myself that eToro is a copy trading platform.

And if I plan to copy the moves of expert investors, why the heck do I need a trading platform with sophisticated analysis tools?

Above: eToro can create at-a-glance watchlists of assets, grouped by class.

I also don’t use eToro as a one-stop shop for crypto, commodities and options. Yes, they’re available, but at the prices I encountered are too high for my liking.

Crypto, for example, attracts a flat 1% fee per side – plus a spread.

At small amounts, this fee is easy to ignore. But at larger sums, it adds up quickly. Especially when you take into account the need to pay it again on the way out.

This pricing dynamic is why I prefer dedicated crypto exchanges like Kraken Pro.

Finally, eToro’s non-trading fees are insignificant. If anything, they act as light guardrails:

Overall.

eToro was the best stock trading app for me during my early investing journey.

After deciding to part ways with Selfwealth, I wanted an investing app with:

eToro ticked all three boxes.

Plus, I got access to over 3000 tradeable assets across the ASX, NASDAQ, NYSE, HKEX, LSE and a few minor exchanges.

Most importantly, the eToro app allowed me to free up my most valuable asset – my time – by leveraging the expertise of advanced traders.

Its copy trading features gave me exposure to Australian and US sharemarkets – without turning research and analysis into a nightly obligation.

✔ Easy-to-use app interface
✔ Low commissions and FX fees
✔Copy trading features
✘ No algorithmic trading
✘ Steep fees on crypto

eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. See PDS and TMD.

How eToro Stacks Up	Score
Range Of Assets & Instruments	5.0
Commissions & Fees	5.0
Trading App’s Interface	5.0
Customer Service	4.5
Research Tools	4.0
Social Trading	5.0
Education Resources	4.0
OVERALL	4.8/5

2. Interactive Brokers.

Low-fee stock trading app I graduated to after eToro.

Above: The Global Trader trading app from Interactive Brokers. The company made a huge effort in recent years to make its interface more user-friendly – and succeeded.

Founded in 1978, NASDAQ-listed Interactive Brokers (aka IBKR) is also regulated by ASIC.

Fun fact – it’s the oldest brokerage available in Australia.

Like eToro, Interactive Brokers allows me to trade stocks, ETFs, currencies and CFDs.

But unlike eToro, it eschews crypto, while offering bonds, options, futures, mutual funds, warrants and ESG investing.

Access to the market is via not one – but two – trading apps:

I’ve been slowly moving funds from eToro to Interactive Brokers as my USD share portfolio has grown into higher six figures – for reasons I’ll explain below.

Pros.

Interactive Brokers offers a mind-boggling range of investment options. I can trade on 150 global markets, including 90 stock markets.

Do I need so many assets to choose from? No. In fact, it often becomes a distraction.

But unlike eToro, which offers a single interface and a single mobile app, Interactive Brokers offers 7 interfaces in total.

Two apps and five desktop platforms.

Each offers different levels of complexity.

Above: The Global Trader app again, this time showing the Buy and Portfolio screens.

Personally, I prefer not to make big changes to my positions on the go, so I use the relatively basic Global Trader mobile app for minor top-ups of existing positions, or checking my “gainz”.

I have zero interest in day trading, algo trading or swing trading, so I avoid IB’s advanced Trader Workstation (TWS).

Interactive Brokers’ commission fee structure can appear complex at first, but can be summarised as follows: ASX transactions cost $6.60 – or 0.088% of trade value (whichever is higher).

In other words:

And so on.

Above: The IBKR Mobile app looks far more sober than Global Trader, and offers a helluva lot more power.

Pricing of US stocks is more complicated.

It’s tied to share volume (rather than price), has different volume tiers, and additional “exchange” fees.

As a rough guide, the tiered pricing option is cheaper on purchases under $15,000 – but only marginally so.

I pay US$0.0035 for every share I buy, plus a few dollars to cover the exchange fees.

Buying 1,000 shares, for example, will cost me US$5.

Currency conversion fees are the other part.

These are lower than those of other stock trading platforms (either 0.22 or 3 basis points (0.002%-0.03%) for AUD/USD, depending on whether I convert manually or have the platform do it for me).

But IB does charge a US$2.0 minimum per transaction.

Oh, and Interactive Brokers eliminated the $20/month inactivity fee in 2021.

Above: Trading interface of IBKR Mobile. It’s quite a bit more feature-dense than Global Trader.

Cons.

IBKR doesn’t offer eToro-style copy trading features.

Well, technically it does, through Interactive Advisors – the robo-advisor affiliate of Interactive Brokers.

But it’s not available in Australia.

Because IB puts a huge amount of tools, platforms and markets at my fingertips, it initially seemed a little intimidating.

Even the beginner-friendly Global Trader mobile trading app is busier than eToro’s and Selfwealth’s.

The abundance of features reminds me of the Tiger Brokers investing app.

But unlike Tiger Brokers, Interactive Brokers charges a fee for Level 2 data feeds.

And based on what I’ve read on Reddit forums, most day traders cough up about $100 / month for the privilege.

Hell, even IBKR’s Level 1 data is delayed by 10-15 minutes.

Overall.

Interactive Brokers offers two of the best share trading apps for me, now that I’m regularly adding five-figure sums to my portfolio each month.

But to be honest, I’d be comfortable using it at any stage of my investing journey.

If I was starting out all over again – and didn’t need copy trading features – I’d probably choose IBKR over eToro – and use its Global Trader app.

I was wanted to occasionally dabble in company research and technical analysis, I’d learn how to use the IBKR Mobile app properly.

And if I became a grizzly day trader (unlikely), let’s face it – I’d probably not be using an app, but the desktop TWS interface, so I could take advantage of its algos and APIs.

IBKR’s low costs are hard to ignore. And they become proportionally lower as my volume increases.

Yes, the time delay on Level 1 data is a bit of a bummer.

But as I said before, I’m a fairly boring, passive buy-and-hold investor, so this is of little consequence to me.

✔ Extremely low cost
✔ Excellent trading apps
✔ Huge list of supported investment products
✘ No copy trading features

How Interactive Brokers Stacks Up	Score
Market Access	5.0
Fees	5.0
Trading Platform & App	4.5
Ease Of Use	4.0
Customer Service	3.5
Research & Analysis	5.0
OVERALL	4.5

3. Tiger Brokers.

Investing app I’d consider as an alternative to IBKR.

Above: The Tiger Brokers app is packed with functionality, but isn’t as clear and legible as eToro’s or Interactive Brokers’.

Tiger Brokers arrived in Australia in 2022, after operating worldwide since 2014.

Back then, I was unimpressed.

Yes, it pitched itself as a low-cost platform. Far cheaper than Aussie incumbents like Commsec.

Yes, it was listed on the NASDAQ.

But – and this is a BIG BUT – it didn’t offer CHESS sponsorship.

I didn’t feel comfortable parking my hard-earned cash in a relatively new trading app that didn’t hold my funds under an HIN.

Fast forward to 2026, and CHESS sponsorship has been standard for a couple of years. And the company rolled out a bunch of new features.

But are they enough to impress me?

Pros.

I don’t usually mention the signup process – because it’s mostly painless with most platforms.

But I must mention it here, because Tiger Brokers’ is particularly seamless.

It’s literally as easy as signing up for a cloud-based software package. I entered basic details, uploaded both sides of my license, and was given access to the standard “Prime” investing account.

In an unusual move for a retail brokerage, Tiger Brokers offers Level 2 data feeds – for free.

As I mentioned above, a Level 2 feed shows real-time market depth data (aka an order book).

The Tiger Brokers mobile app is built around this need to showcase huge amounts of data.

While fairly easy to use, it’s nowhere near eToro’s levels of minimalism.

Above: The Tiger Brokers app UI is even busier than that of Interactive Brokers IBKR Mobile. And that’s saying something.

It also offers access to a satisfyingly large range of markets:

Tiger Brokers’ rates are a masterclass of simplicity.

Instead of presenting clunky, tiered percentage-based fees (looking at you, Interactive Brokers), Tiger Brokers sticks with flat:

The former has a cap of $10,000 per order – and will revert to 0.03% of trade value above it.

The latter has a cap of 200 shares per order – and will charge USD 0.01 for every additional share after that.

One detail that stood out was the app’s 55 pip FX conversion fee, with the first $2,000 exempt from the charge.

In practical terms, this means I could build out a US share portfolio by making regular sub $2,000 deposits – without ever paying currency conversion fees.

That’s cheaper than paying that US$2 flagfall to Interactive Brokers or 0.15%-0.75% to eToro.

Zero inactivity and withdrawal fees are also a surprise, making this one of the most competitive fee structures available to Australian investors.

Cons.

The Internet is a strange place.

It’s full of gushing reviews that praise Tiger Brokers’ ridiculously easy-to-use interface.

Don’t get me wrong – the interface isn’t bad. It’s perfectly OK for day-to-day use.

Above: Tiger Brokers lets you see the order book inside the app. Pretty cool – but makes for a busy interface.

But it does have to contend with the deluge of information I mentioned earlier.

The Tiger Brokers designers went to the “show as much as possible on one screen” school of thought.

Not the “prioritise information based on a user’s needs at a given point in time” one.

The net result is a busy interface that may look intimidating to non-tech-savvy absolute beginners:

My second criticism of Tiger Brokers is a minor one.

Its TigerGPT function, which the platform touts as “Your New Investing Superpower” – is pretty low on features.

Far from an advisor that can help me make better investing decisions, it functions a lot like Copilot in the Microsoft empire of apps.

Always at your fingertips.

Sometimes useful.

Overall.

Tiger Brokers has improved their game in recent years.

What stands out is its new emphasis on data.

Compared to eToro, Tiger Brokers hammers you with information. It’s heavy on company fundamentals and market data.

While eToro is designed for low-friction participation, mainly through copy trading.

Tiger Brokers, meanwhile, feels built for people who plan to do their own fundamental and technical analysis.

The signup bonuses rotate every month, but the net effect is the same – you get about fifty bucks worth of free stuff (usually shares and/or fee discounts).

The FX 55 pip fee, with 100% exemption on the first $2,000 per month, is more consequential. It keeps costs down when funding small amounts.

But as monthly deposits increase, the math starts to shift.

And in raw fee terms, eToro loses the comparison to both Tiger Brokers and Interactive Brokers. The latter are cheaper FX – full stop.

But fees aren’t the only cost that matters.

For me, eToro’s copy trading features replace hours of research and analysis.

Once I factor in the time saved – and the opportunity cost of that time – eToro ends up being the lower-cost option in real terms.

Tiger Brokers ends up in an interesting middle ground for me:

But Tiger Brokers begins to make sense to me in the middle.

If I was funding the account at modest monthly levels, and dabbling in a combination of long and short term strategies, I’d see it as a credible option.

The key difference is free Level 2 data. IBKR’s data feeds can cost $60-100 per month. eToro, meanwhile, only offers Level 1.

And that’s what makes Tiger Brokers competitive in this specific use case.

✔ Fully featured app (plus a downloadable desktop platform)
✔ Signup bonuses and an FX fee exemption
✔ Free level 2 data feed
✘ Interfaces may scare off absolute beginners
✘ Most people won’t know how to use the Level 2 data feed

How Tiger Brokers Stacks Up	Score
Range Of Assets & Instruments	4.5
Commissions & Fees	5.0
Trading App’s Interface	4.0
Customer Service	4.5
Research Tools	4.5
Social Trading	2.5
Education Resources	4.0
OVERALL	4/5

4. Selfwealth.

Investing app I’d use for buying ASX stocks only.

Above: The Selfwealth trading app is as simple as they get. View portfolio. Open and close positions. Do basic company research. That’s pretty much it.

I have a complicated history with Selfwealth.

When I signed up a few years ago, I believed it was the best stock trading app in Australia.

But I won’t be using it to buy stocks again.

In fact, I’m figuring out how to withdraw my money from Selfwealth – without triggering more fees.

Let me explain.

Pros.

I loved Selfwealth’s refreshingly simple approach to brokerage fees.

Instead of complicating my life with tiers, percentages and multiple fees (looking at you, Interactive Brokers), the investing app promised to charge me a flat $9.5 fee:

This is why I signed up a few years back.

But I was so green – and didn’t know what I was doing – I didn’t think to check Selfwealth’s FX fee.

In fact, if I only traded Aussie stocks and ETFs, I’d still think it’s the best investing app in Australia for me.

But before I tell you about the reasons I don’t (see below), let me finish telling you more about what I like.

The tradable assets are limited to Aussie, US and HK ETFs and shares – but the available choice is vast.

It’s a slightly smaller range than eToro’s, but I always been able to find what I need.

Above: Simplicity continues on the order screen. This is the easiest investing app I’ve ever used.

The best way to describe its mobile app is – simple. It’s certainly friendlier than every other app I’ve talked about so far.

The desktop platform, by the way, is both friendly and comprehensive.

Sidebar navigation could use more clarity, but the overall design is inviting and user-friendly.

Moreover, I was surprised to find a very comprehensive set of portfolio monitoring and company research tools.

Cons.

When Selfwealth launched with its $9.5 flat fee, it was one of the cheapest CHESS-sponsored brokerages in Australia.

At the time, cheap brokerages like TigerBrokers offered lower commissions, but not CHESS.

But since TigerBrokers introduced CHESS sponsorship in 2024, it has eroded some of Selfwealth’s lead.

So why would I pay $9.5 commission per side with Selfwealth when I can pay $2 with Tiger Brokers?

That’s a great question, and the answer is –

Selfwealth is an Australian company with its headquarters in Melbourne.

TigerBrokers, meanwhile, is a Chinese-based company, aggressively attempting to penetrate the Australian market.

Above: Selfwealth allows me to create watchlists and get insights into each company’s performance.

Chinese companies like Tiger Brokers have worked hard in recent years to fix the “dodgy” stigma by improving their trading apps, adding CHESS and piling on signup incentives.

Which is where Selfwealth comes in.

Its fees are no longer ultra-competitive, but I bet people who want to “buy Australian” will be happy to pay the few extra bucks per trade.

But for my use case, patriotism isn’t enough to overlook Selfwealth’s 60 bps currency conversion spread, which I must cough up when buying US stocks.

Net-net, it means Selfwealth has been pocketing roughly 0.6% of all USD I received.

And it would charge this fee again when I exit my US equity positions.

This may not seem like much when trading smaller sums (it’s only AU$6 of every AU$1000 I transfer).

But it does begin to add up as the portfolio grows.

Selfwealth Premium, which includes the Refinitiv stock research tools, is also rising in price.

It used to cost $9/month. It’s now $29/month.

That’s quite a steep jump, and I’m unsure if I’d pay almost $350 per year just to manage my portfolio. Especially if my portfolio only had a few thousand bucks in it.

Apart from that, I don’t have complaints about Selfwealth. It’s the Toyota of stock trading apps – well-priced, non-pretentious, reliable and straightforward.

Overall.

Selfwealth was one of my favourite investing apps – because I dislike unnecessary complexity.

Yes, there are cheaper investing apps out there.

But not all have such clear, simple fee structures and user interfaces.

Nor are they based in Australia.

Where SelfWealth eventually fell down for me was US trading.

Where SelfWealth eventually fell down for me was US trading.

Once I sat down and calculated the true cost of its FX fee – on the way in and on the way out – the numbers stopped making sense.

In fact, I’m trying to figure out how to eventually exit my US equity positions without triggering the FX fee on the way back.

But if I was only doing defensive, medium- and long-term investing on the ASX, Selfwealth would still be on my radar.

✔ Vast range of equities and ETFs
✔ Simple, clear fee structure
✘ Currency conversion fees
✘ $29/month for Refinitiv is steep

How Selfwealth Stacks Up	Score
Range Of Assets & Instruments	4.0
Commissions & Fees	3.5
Trading App’s Interface	4.5
Customer Service	4.5
Research Tools	3.5
Social Trading	3.0
Education Resources	4.0
OVERALL	4.2/5

5. Webull Australia.

Investing app with low fees.

Webull is a low-fee trading app that gives me access to ASX and US shares, US options and shares from emerging Asian economies.

While it doesn’t offer anywhere near the same range of tradable assets as eToro, it makes up for it with impossibly low fees and $0 brokerage during the first 30 days the account is open.

But is it enough to beat eToro?

Pros.

Few low-cost brokers in Australia offer CHESS sponsorship on ASX shares, and Webull is one of them.

Webull follows an app-first philosophy, meaning its fully featured mobile trading app is the centrepiece of my trading experience – not an afterthought. 

Available trading assets have a strong share and ETF focus, with interesting twists. I get access to:

This is a good range of assets if I was looking to build a diversified international equity portfolio (but would disappoint me if I wanted access to crypto, forex, plus leveraged trading – I’ll come back to this in a moment).

Fees are very low – and are Webull’s main selling point.

First, all ETF trades on Webull are free.

Yep, free. Both ways.

When buying Australian stocks, I pay trade value x 0.0003, with a $4.9 minimum. 

Webull’s fees for the US market purchases are just as competitive, but involve a more complex calculus:

They add up to a sell commission of trade volume x 0.00043 (cough up US$4.3 to sell $10,000 of US shares).

US stock trades must be made in US Dollars. Australian Dollar deposits will convert, attracting a reasonable 50 basis point spread (about US$5 for every AU$1,000 transferred.

In case the fees weren’t low enough, Webull sweetens the deal by waiving commissions on all the first 20 trades (which expire after 90 days).

Yep, it means I can build out my portfolio and not pay a cent in brokerage fees.

Cons.

Webull is a no-frills stock trading app.

It doesn’t have any copy trading and social trading features. For me, those are a highly desirable, which is why eToro is still my #1.

But let me point out that Webull’s 9.6% interest rate is somewhat eye-watering.

Last, let me say a word about Webull’s educational materials, aka “Investor Education Centre”.

They’re not as good as the resources offered by eToro, Interactive Brokers and Tiger Brokers – but I don’t view this as an issue, as I never rely on the trading platform for education, anyway.

The trading platform gets paid more when I trade poorly. It’s not incentivised to help me succeed.

Overall.

Webull Australia is almost as good as Tiger Brokers. It offers a snappy, user-friendly interface, rock-bottom commissions, and the peace of mind of CHESS sponsorship. 

The $4.9 (or so) fee per trade is attractive – one of the lowest in Australia.

Unfortunately, there are no copy and social trading features.

✔ Trade ASX, US and HK stocks, plus US options
✔ Commissions waived for the 20 trades
✔ CHESS sponsorship for peace of mind
✘ No copy trading or social trading features
✘ No CFDs, forex, crypto, commodities, and no access to UK/Euro markets

How Webull Stacks Up	Score
Range Of Assets & Instruments	4.0
Commissions & Fees	5.0
Trading App’s Interface	4.5
Customer Service	4.0
Research Tools	3.5
Social Trading	3.0
Education Resources	4.0
OVERALL	4.2/5

6. moomoo.

Investing app I’d consider using as an alternative to Tiger Brokers, Selfwealth & Webull for buying ASX stocks and ETFs.

moomoo is one of the newer fintech disruptors, fighting for dominance in the Australian online trading market since 2022.

It competes directly with Tiger Brokers, Stake, Selfwealth and – to a lesser extent – eToro, to give us access to the share market at rock-bottom fees.

Pros.

moomoo’s key differentiator is its commitment to affordability. They charge a tiny $3 brokerage fee on ASX shares and ETF transactions each way.

US shares and EFTs, meanwhile, attract a US$0.99 charge per order.

These are ridiculously low fees.

Oh, and moomoo supports fractional share trading on US stocks.

By the way, momooo recently upgraded from a shared HIN (custodian) model to full CHESS sponsorship, – without increasing its fees.

The desktop user interface and the mobile app are very simple, while the signup process is quick and easy.

I also love the comprehensive customer support available through live chat and email.

Cons.

Unlike eToro , moomoo doesn’t offer access to cryptocurrencies.

While this is great if I was planning to build a portfolio centered around ASX stocks and ETFs, I’d need to switch if I wanted a comprehensive platform that held all assets under one roof.

Last but not least, moomoo doesn’t have any copy trading features. If this is a must-have for you, go with eToro.

Overall.

moomoo would be a decent choice for me – but there are plenty of other options.

If I wanted a no-nonsense ASK broker, I’d choose Selfwealth. But if I wanted something more comprehensive I don’t see why I’d choose momoo over IBKR.

✔ Low-fee ASX trading
✔ No monthly fees
✘ Limited reporting, analysis and charting

How moomoo Stacks Up	Score
Range Of Assets & Instruments	3.5
Commissions & Fees	4.5
Trading App’s Interface	4.5
Customer Service	4.0
Research Tools	3.5
Social Trading	2.0
Education Resources	3.0
OVERALL	3.8/5

7. Douugh.

Investment app with a built-in bank.

ASX-listed Dough Douugh is not just an investing app. It’s an entire online bank, with saving, lending and investing features built in.

Pros.

Under Douugh’s bonnet, I can see:

The three features are seamlessly integrated into the app. I can link it to my bank account and use the money to make investments or everyday purchases.

The built-in pay later function deserves a special mention. Called the Spot Jar, it will, um, spot me, up to $2,000 for a flat fee of $9.99. 

While it seems like a pretty good deal on paper, I must remind myself that that $9.99 of $2,000 across 4 weeks translates to an effective 60% annual interest rate. 

Ouch.

The investing side of the app allows me to set up recurring micro-investing savings plans, directing my spare cash towards diversified portfolios run by asset management giant BlackRock.

The share trading functionality costs $4.99 monthly after a 28-day trial ends. 

Whether this is a problem will depend on the size of the portfolio. The bigger, the less problematic.

For example, if I have $1000 invested at a moderate 5%, I’ll bank $50 annually in interest payments. But the app’s $4.99 fee will add up to $60 annually, eating away all of my profits.

This is before I pay management and FX fees (see below).

Cons.

While the app claims not to charge me late fees for its Spot Jar feature, this is not technically true. 

If I can’t make a payment, you can use the Snooze function to delay my upcoming repayment by 7 days for “just” $2.45. 

And again, while coughing up just over two bucks may not seem like much, on an annualised, pro-rata basis, it’s quite steep.

The additional portfolio management feature costs $2.99 monthly, which becomes less problematic once I start investing larger sums.

As we’ve seen the going rate for best investing apps in Australia is anywhere between 0.0022% (Interactive Brokers) and 0.75% (eToro).

Don’t forget that you’ll pay this fee twice – once to buy in and once to sell.

Overall.

Douugh’s biggest claim to fame is its seamless integration of investing, everyday payments and pay-later features. 

I could manage your entire financial life from within the app.

The convenience is nice, but I’ll pay higher-than-average average fees – especially if my investment portfolio doesn’t grow beyond a couple of thousand bucks.

✔ Very convenient
✔ Rewards are nice
✘ Fees stack up, especially with smaller portfolios

How Douugh Stacks Up	Score
Range Of Assets & Instruments	3.0
Commissions & Fees	3.0
Trading App’s Interface	4.0
Customer Service	4.5
Research Tools	2.0
Social Trading	2.0
Education Resources	3.0
OVERALL	2.9/5

8. Syfe.

New stock trading app attempting to penetrate the Australian market.

Relatively new trading app on the Australian market, Syfe views itself as a “superapp”, offering “institutional-like solutions” to retail investors via its “wealth management and advice platform”.

Think of it as a robot-advisor that uses an AI algorithm to offer personalised investment advice.

The app promises to maximise my risk-adjusted returns.

I can dial in my preferred level of risk, and the app will provide me with stock recommendations to match it.

A stock screener that shows company valuations and earnings momentum helps me refine the choices.

Do these features work?

Look, let me put it this way. 

If I built an AI algorithm that could accurately forecast stock movements, how would I spend the next few years of my life?

I’m not saying that the trading app’s features are without merit.

Just that I am a bit dubious about an AI robo-advisor app making good investing decisions on my behalf.

Personally, I’d rather use eToro’s copy trading features to help me find a human expert investor I can trust.

What assets does Syfe give me access to?

Plenty.

Over 2,200 ASX equities and ETFs, over 10,000 US equities and ETFs, and the largest 20 crypto coins. 

And in my experience, the app offers very reasonable trading fees:

This makes Syfe’s fees comparable to those of Tiger Brokers, eToro, and Interactive Brokers (at lower volumes).

✔ Easy-to-use and uncomplicated
✔ Phone, email, live chat support
✔ Personalised investment advice
✘ Limited to AU and US markets only

9. Revolut.

Investing app with currency exchange & money management features.

Revolut follows in the footsteps of Douugh with an attempt to create an app that allows me to do anything with my money:

I think of Revolut as a Swiss army knife of investing apps.

Apart from a travel card and a money transfer service, it’s an everyday spending account, plus a trading app with access to 2,000 stocks and ETFs, as well as a few commodities and cryptocurrencies.

Crypto fees are steep at 1.49% per side, as is the 0.25% brokerage on equities.

✔ Very convenient
✘ Limited reporting, analysis and charting
✘ Fees are high compared with the best investing apps on this list

How Revolut Stacks Up	Score
Range Of Assets & Instruments	3.0
Commissions & Fees	3.5
Trading App’s Interface	4.0
Customer Service	4.0
Research Tools	2.0
Social Trading	0.0
Education Resources	5.0
OVERALL	2.9/5

10. CommSec Pocket.

Possibly Australia’s most popular micro-investing app.

CommSec has a “safe as houses” reputation in Australia. It attracts many beginner traders.

CommSec Pocket is the bank’s micro-investing app, allowing me to buy stocks in tiny increments, starting with $50 (although I don’t like doing this – the $2-per-trade fee eats up a lot of capital).

It’s a popular way of building a simple stock-and-ETF investment portfolio.

I can trade stocks live and get updates on the most popular stocks in Australia.

The app does not charge any inactivity or subscription fee for Aussies.

But overall, I wouldn’t use CommSec Pocket as my go-to share trading app.

✔ Convenient for existing CommBank customers
✔ Invest spare change instead of blowing it
✔ Easy to use app
✘ High fees

How CommSec Pocket Stacks Up	Score
Range Of Assets & Instruments	3.0
Commissions & Fees	3.0
Trading App’s Interface	4.5
Customer Service	4.0
Research Tools	3.0
Social Trading	1.5
Education Resources	4.0
OVERALL	3.3/5

11. Westpac Share Trading App.

A lot of Aussies believe this is the best share trading app in Australia.

Australian banks are not known for their innovation, but if I had to choose the least worst one, I’d pick Westpac.

Unofficially known as the bank of choice for Australia’s wealthiest people, Westpac strives to create products that will keep the elites happy.

Its share trading app follows this principle. Simple, clear, and easy to use, it also allows you to keep my money within the Westpac ecosystem.

If transferring money from other Westpac products, I’d pay $19.95 (or 0.11%, whichever is smaller) per trade on the ASX and an eye-watering $29.95 (or 0.29%, whichever is smaller) if transferring from another bank.

US stock trades are even more expensive.

NASDAQ trades are US$29.95, and NYSE trades are US$19.95. These are borderline obscene figures compared with eToro’s US$2.0 commission.

✔ Easy money transfers for existing Westpac customers
✔ Security of a major Australian bank
✔ Intuitive, easy-to-use trading app
✘ Very high fees
✘ No access to leverage or crypto.

How Westpac Investing App Stacks Up	Score
Range Of Assets & Instruments	3.5
Commissions & Fees	3.0
Trading App’s Interface	4.5
Customer Service	3.5
Research Tools	3.0
Social Trading	0.0
Education Resources	3.0
OVERALL	3.2/5

12. CMC Markets.

An all-arounder investing app that offers CFDs and underlying assets.

CMC is the Toyota of trading apps. It’s reliable and offers something to everyone.

Pros.

CMC Markets offers a huge range of leveraged instruments.

It covers almost 12,000 stock CFDs from over 23 exchanges, offering Australian traders a comprehensive product.

The platform offers one of the best mobile apps on the market.

Clear design, extensive research tools, as well as customisable graphs and watchlists deliver a terrific user experience.

Two trading platforms are available through CMC Markets:

Back in March 2022, CMC announced that Australian investors would benefit from $0 brokerage fees. This applies only to one sub $1,000 purchase of Australian stock, per day.

For subsequent transactions or any transactions above $1,000, the usual $11 fee will apply.

I grabbed this screenshot from their website:

This puts CMC on a very competitive footing against all big Australian banks that offer stock trading, and means you can pay $0 in fees if you buy your positions over a few days.

Stock Platform	Up to $1,000	Up to $5,000	$10,000	$50,000
CMC	$0*	$11	$20	$50
CommSec	$10	$19.95	$29.95	0.12%
NABtrade	$9.95	$14.95	$19.95	0.11%
ANZ	$0*	$11 or 0.10%	$11 or 0.10%	$11 or 0.10%

What about international shares?

They currently offer me $0 brokerage fees on shares in US, UK, Canada and Japanese markets – as long as I spend more than $1,000 per trade.

Cons.

CMC Markets will charge a $15 monthly account fee after 12 months of inactivity (but no deposit or withdrawal fees).

Though educational content at CMC Markets is robust, it lacks progress tracking, quizzes and interactive content.

Customer service is available only 24/5 (from Sunday night through to Friday night).

Opening an account also seems clunky, with many people being asked to submit multiple documents, and then waiting between 3 and 14 days to get approved.

Overall.

CMC Markets is one of the best stock trading apps in Australia for advanced traders who don’t want to be limited to stocks and ETFs.

Options, managed funds, as well as forex and CFDs on commodities, indices, treasuries and crypto are all available.

If I was a CFD trader, I’d love its access to MT4. And as a defensive share investor, I appreciate CMC’s proprietary (and excellent) CMC Markets Invest platform.

✔ Great functionality
✔ Mobile trading app allows advanced technical analysis
✔ Access to 12,000+ CFDs as well as shares
✘ Educational content is good without being great
✘ Account opening process can be testy

13. ANZ Share Investing App.

A lot of Aussies believe this is also the best share trading app in Australia.

Focused mainly on ASX shares, the ANZ investment app is a popular way to start investing.

It would be appealing if I was an existing ANZ customer and wanted to keep all my finances under one roof – and avoid jumping through additional KYC hoops

As I expected, the app allows me to access live news and company announcements, create watchlists and track my portfolio.

14. GoMarkets.

Investing app that offers CFDs only.

GoMarkets is an online trading platform that was founded in Melbourne.

Until late 2025, it was an unusual brokerage in the sense that it primarily focuses on serious CFD trading (Meta Trader 4, 5 and cTrader are available!), but also gave access to low-cost share trading.

But as of 2026, it’s strictly a CFD trading platform.

I like that it offers a proprietary GO TradeX™ CFD mobile trading app.

I don’t trade CFDs, but if I did, I can see how it would be useful. Using MT4/5 and cTrader on a mobile screen isn’t exactly a seamless experience.

Oh, and it has a surprisingly good inventory of educational resources that prioritise both quality and quantity.

15. OANDA.

Another app that offers CFDs.

Oanda is a broker operating since 1996 and is regulated in six tier-1 countries, including Australia.

The Oanda stock trading app offers excellent charting on both Android and iOS devices.

It has 11 customisable charts and over 65 indicators, including Bollinger Bands, Aroon, Donchian Channels, and Ichimoku Cloud.

The software can also compare currency pairs using TradingView, giving users the ability to open and close trades using Heikin-Ashi, Renko, candle, and point-and-figure chart types.

16. Saxo Markets.

All-round trading platform with an investing app.

Saxo Markets has been offering US shares with zero brokerage fees since 1992.

Australian Stock Exchange trades will cost you a lowly $3, making it one of the cheapest trading apps around.

The best thing about the Saxo app is its clean interface. But I haven’t personally used it to know more.

Frequently Asked Questions About Stock Trading Apps.

Since writing this review, I have been bombarded with questions. Here are the most common ones.

1. Can I Buy Stocks In Australia Without A Stock Trading App?

Yes. Most brokerages offer a mobile trading app and a desktop share trading platform.

Apps tend to have fewer features; combined with small screen sizes, they are not ideal for studying economic calendars, charts, and company reports.

When not using a share trading app, you’re likely to trade via:

2. Why Are Stock Trading Apps So Popular?

Convenience is the main reason for the rise in the adoption of mobile stock trading apps.

Hypothetically, I could be building my investment portfolio while commuting or waiting for my next meeting.

But research suggests that having access to the markets in your pocket may lead to poorer decisions.

Guardian Australia, for example, has reported that trading via a phone app is more likely to result in FOMO-driven, riskier trades.

They found that investors were more likely to chase past losses, buy assets at the top of the market and think impulsively rather than make long-term, strategic decisions.

3. Bank Apps vs Dedicated Share Trading Aps: Which Are Best?

Eight Australian banks offer trading apps and platforms to retail investors.

I don’t agree with this, as ASIC regulates all online stock brokers in Australia.

The best of them, like eToro, Interactive Brokers, Selfwealth and moomoo keep client funds in a segregated account at a Tier 1 bank, away from their own operational capital.

Furthermore, ASIC insists that all trading platforms hold an Australian Financial Services License (AFSL).

If you prefer to buy and sell your shares via a banking app, the following Australian banks will be happy to provide you with one:

Bank	Investing App Name
Commonwealth Bank	CommSec
NAB	NABTrade
Bendigo Bank	Bendigo Invest Direct
St George	Directshares
HSBC	HSBC Invest App
Macquarie	Macquarie Trading App
Westpac	Westpac Share Trading App
ANZ	ANZ Share Trading App

4. Is Stock Trading Legal In Australia?

Australians are free to trade stocks without restrictions as long as their broker is licensed by ASIC.

5. What’s The Difference Between Buying Shares And CFDs?

When you buy stocks, you own the corresponding asset. Your potential profits are limited by the gains in stock prices.

In contrast, CFDs are speculative products that leverage your investment, allowing you to bet on the price movement of various assets without owning them.

6. What Are The Differences In Online Trading Between US And Australia?

Although the essentials of online stock trading are the same in Australia as in America, there are two crucial differences to keep in mind when trading globally.

First, commission rates for the former are fixed, while the latter may vary depending on trade size.

This can mean that a small investment will cost more money to the broker.

Although these reasons might make you second-guess trading online stocks in the US, there are also advantages to doing so.

7. What Is The Best Stock Trading App For Beginners?

I don’t know. Every “beginner” is different.

But if I was a time-poor beginner all over again, I’d choose eToro.

It’s the best beginner stock trading platform in Australia for me – a time-poor entrepreneur who wants to build multi-asset portfolios and dabble in copy trading.

But if I didn’t care much for copy trading, and was chasing the lowest possible fees, I’d stick with Interactive Brokers.

8. Is The Robinhood Trading App Available In Australia?

No. The popular US share trading app, Robinhood, has no plans to launch in Australia. If I wanted something similar, I’d consider Selfwealth or Moomoo.

Which Stock Trading App Has The Best Features And Lowest Fees?

A trading app is a portal that allows you to buy and sell shares on the share market. Simple enough, right?

Yes, but they differ in minor details. Here are the vital specs for the top 5 investing apps in Australia.

Stock Trading App	Minimum Deposit (US$)	Demo Account?	Trading Platforms	Mobile App Score	Days To Open An Account
eToro	$50	Yes	Desktop & mobile app	4.4/5	2-5
Webull	$0	Yes	Desktop & mobile app	4.2/5	1-3
Selfwealth	$500	Yes	Desktop & mobile app	4.2/5	1-4
moomoo	$0	Yes	Desktop & mobile app	3.8/5	2-5
Tiger Brokers	$0	Yes	Desktop & mobile app	2.9/5	2-5

How do trading platforms make money? Well, sir – through fees, of course!

Even though some position themselves as “0% fee platforms”, they must pay their bills (and investors). Here’s how they do it – and what fees to watch out for.

Stock Trading App	Deposit Fee	Ongoing Fee	Withdrawal Fee	Inactivity Fee	Currency Conversion Fee	Brokerage Fee
eToro	$0	$0	$5	$10 after 12 months	0.75% on all trades (but can be discounted to ~0.15% – see above)	US$2 on share trades only (copy trading and Smart Portfolios are exempt)
Webull	$0	$0	$0	$15 after 12 months	About 0.6% on US stocks only	$0
Selfwealth	$0	$29/month for Selfwealth Premium	$0	$0	About 0.6% on US stocks only	AU$9.5 for ASX stocks, US$9.5 for US stocks
moomoo	$0	$0	$0	$25/year	0.55%	Yes
Tiger Brokers	$0	$0	$0	$0	0.55%	AU$3 on ASX stocks, US$2 on US stocks

Why Did I Decide To Discover The Best Stock Trading App?

I’m not an investing guru.

Back in 2023, I made surplus cash in one of my businesses (hooray!).

Instead of blowing it on a new car, I put it into shares.

I chose NABTrade because it seemed like an option that would entail the least paperwork, as I already do all my business and personal banking with NAB.

A gym buddy recommended Selfwealth because it “has low fees”, so I switched.

But I eventually realised that Selfwealth’s FX fees are exorbitant.

As my portfolio continued to expand into US equities, I realised I’d need to switch again.

Being the kind of guy who likes to go into deep rabbit holes about topics that interest me, I decided to learn everything about trading platforms, exchange-traded funds and mobile trading apps.

I examined over 20 online share trading platforms, most of which come bundled with mobile trading apps, to find the best available options in Australia.

What I Look For In An Australian Stock Trading App.

Not all trading platforms are made equal. When choosing the best stock trading app for me, I prioritised the following factors.

1. Is The App Intuitive To Use?

I hate using clunky interfaces.

Call me old-fashioned. I don’t care.

I wanted an investing app with a user-friendly interface that didn’t overwhelm me with data.

2. Does The App Charge Nasty FX Fees?

Every app touts its “low” or “zero” commissions.

That’s the carrot.

But the stick comes later.

Most often, it arrives in the form of an FX spread or commission when converting AUD into USD.

The fees appear insignificant on the surface. But they begin to look scary as the portfolio grows.

My Selfwealth USD stock portfolio is now about $300K.

Because I paid 60 basis points (~0.60%) to Selfwealth – and the platform charges the spread on the USD side of the transaction – I paid US$1,800 in FX fees so far.

That’s ~AU$2,500. One way.

And I’ll need to pay a similar fee again to get my money out.

I’m estimating I made about 40 transactions, so …

US$80.

I’m going to go cry now.

3. Does It Have Easy Access To Leverage And Margin?

The other way investing apps make money is via leverage.

The dirty secret of share trading platform world is that 90% retail investors (that’s me) who use leverage lose 90% of their capital within 90 days of trading.

In other words, they blow up their accounts. They are what the industry calls “dumb money” – and become “liquidity donors”.

Google the 90/90/90 rule if you’d like to know more about this phenomenon.

And for this reason, I never use leverage.

But I can tell you that some investing apps (e.g., eToro and Interactive Brokers) make access to leverage particularly easy.

For example, when I deposited about $200K into my Interactive Brokers account, $70K of available, pre-approved margin magically appeared.

I never asked for it. But it just sits there, like an orphan, tempting me to use it.

eToro employs a different strategy.

It gives me the option to apply up to 5X leverage to every stock purchase, effectively converting the transaction into a CFD.

I have to be very disciplined to avoid falling prey to these temptations.

But if I had lower levels of discipline, I’d stick with investing apps that don’t give any access to leverage – e.g., Selfwealth.

That’s all I have to say on the subject of choosing the best stock trading app. If you’d like to know anything else about my experiences, leave a comment below – I usually respond within 24 hours.

Steven