19 Best Stock Trading Apps In Australia For 2023 [Rated & Ranked]


(72 votes, average: 4.8 out of 5)

Choosing the right stock trading app is the first step in your investment journey. Acting as a middleman between you and the stock market, the best stock trading apps can take the friction out of buying and selling shares on the go. In this guide, I ranked and reviewed the 19 best stock trading apps in Australia, highlighting my top pick for November 2023, so that you can start researching stocks, rather than endlessly trying to choose the right stock app.

Last updated: November 28th, 2023

Best overall stock trading app in Australia


eToro is great for beginner and intermediate investors because of its copy trading features, large range of assets, intuitive interface, the option to apply leverage and 0% commissions on stocks and ETFs.

Visit eToro

eToro Service ARSN 637 489 466 Capital at risk. See PDS and TMD.

Best low-cost trading app in Australia

Webull Australia

The intuitive trading app gives you access to hundreds of Australian, US and Asian stocks and ETFs at about $4.9 per trade, while the $200 sign-on bonus acts as a nice sweetener.

Visit Webull Australia

All forms of investment carry the risk of losing money.

The most comprehensive trading app

Interactive Brokers

A huge range of instruments that covers almost 12,000 stocks and ETFs from over 23 exchanges, rock-bottom brokerage fees and two mobile apps make IB one of the best platforms in Australia.

Visit Interactive Brokers

Consider whether you can afford to risk losing your investment.

Best app for sophisticated CFD traders


A trading app for intermediate and advanced CFD traders, Vantage offers razor-thin spreads and access to 100+ large-cap stock CFDs, 500+ smaller stock CFDs, commodities, indices and bonds.

Visit Vantage

Trading CFDs carries significant risks. Please refer to PDS and TMD.

Opinions in this review are based on my personal experience with the products. Brands don’t get to offer editorial input nor see the review before it goes live, but may compensate me at no cost to you, if you choose to purchase a product on this page. Can you trust this review? Read the financial and editorial disclaimers.

Last updated: November 28th, 2023

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You can’t build an international and Australian share portfolio on the go without access to the right mobile trading app. From supporting you with advanced trading tools to offering timely market insights, the best stock trading app can help you find, buy and sell stocks at the right time.

I don’t recommend that you get into the habit of trading on the go, as you’re more likely to make the best investing decisions when seated at your desk, having carefully weighed up your options.

Thankfully, all trading apps I recommend give you the option to trade via desktop trading platforms.

I ranked and reviewed the 19 best stock trading apps below, highlighting my top choice for November 2023 so you can start your online stock trading journey today.

1. eToro.

Best overall trading app in Australia.

etoro stock investing app

If you’re looking for an easy-to-use stock trading app with great social trading features, eToro is for you.

Founded in 2007, this trading platform is great for beginner and intermediate traders because it offers an easy-to-use interface and charges $0 commissions on stocks and ETFs. It’s regulated in the EU, the UK, and Australia.

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


eToro‘s key differentiator (and the #1 reason it topped my list of best stock trading apps in Australia) is its social trading feature.

It allows you to save time by talking with more experienced traders on the platform, following their strategies, and copying their trades.

The best thing is that eToro doesn’t charge fees for this feature.

The brutal truth is that most beginner investors lose money when they attempt to pick stocks.

Copy trading allows you to defer stock-buying decisions to more experienced investors with a demonstrated record of success.

This ability to follow expert traders’ strategies allows you to focus on your real job (and let’s not forget family and hobbies) instead of spending your evenings doing fundamental and technical analysis.

Did You Know?

eToro offers massive incentives to experienced traders for allowing other users copy their positions.

Choosing an experienced trader is easy. eToro scores each with a ‘risk score’ while providing insight into their trading history and patterns.

You find and follow experienced traders with a proven track record and tell the trading app to copy them.

From that moment on, any trades they place will be automatically mirrored by your portfolio.

eToro’s mobile app is easy to use and available on Android and iOS. Its crisp, clean, inviting layout has the same features as the desktop app and is protected by two-factor authentication.

  • You can buy, sell, deposit funds and research stocks from the convenience of your mobile device.

Expert Tip.

eToro offers over 3000 tradeable instruments, including CFDs, major cryptocurrencies and forex.

Fractional ownership is also possible, with the app allowing you to buy traditionally “expensive” stocks like Tesla and Chipotle, priced at US$273 and US$2,166 in Australia as of November 2023, respectively.

I also like that eToro allows you to trade contracts for difference (CFDs) and stocks from the same trading panel. If you:

  • Use 1x leverage, you buy the actual stock.
  • Raise leverage above 1x, eToro will automatically convert to CFD trading.
Sounds like a lot to get your head around? An excellent demo account is built into the mobile app and can be accessed anytime by flicking a toggle between “Real” and “Virtual” market conditions.

Lastly, eToro is a broker with zero-commission stock trading fees. But before you start worrying about rampant socialism in Australia, let me “reassure” you that they will charge you:

  • 1.5% currency conversion fee. In other words, you’ll give eToro $150 for every $10,000 you decide to invest.
  • Spread (only if you apply leverage). In other words, a fee on the difference between the buy and the sell price.
  • Other fees that I’ll cover in “Cons” below.

Expert Tip.

You can get a 25%, 50% or 100% discount on the 1.5% currency conversion fee if you hit deposit thresholds of $5,000, $25,000 or $250,000, respectively.


While eToro’s simple user interface attracts beginner and intermediate traders, it is not great for advanced traders who like to perform technical analyses.

Pricing charts, an economic calendar and earnings reports are available, but that’s pretty much it. Advanced users will crave MetaTrader 4, 5 (or equivalents) bundled with Vantage or Interactive Brokers (see below).

Financial market news and stock screeners are also not available.

However, it’s a minor quibble as I think getting market news from Australian independent outlets like Yahoo Finance is best.

eToro is quick to remind you about its zero-commission stock trading fees, but it does charge other fees that you need to keep an eye on:

  • Withdrawal fees ($5).
  • CFD fees with overnight and weekend multipliers.
  • Inactivity fees ($10 after 12 months).

eToro’s overall fees are comparable with those of other top trading apps in Australia. They’re not ahead or behind.

  • Support is nothing to complain about, but I would have preferred to see 24/7 coverage instead of 24/5.

I understand they need to mirror market conditions, but the support opening hours are synced with the central United States timezone, effectively shaving 16 hours off the support hours at the start of the work week.

  • If you’re in Australia, think of it as 24/4.25 support 🙂

Finally, eToro’s educational materials have room for improvement.

You’ll find long-form video tutorials and podcasts that offer a lot of detail but are not as great as the free and independent stock market education on YouTube.

I would appreciate it if the eToro trading app offered fast, easy-to-access answers to questions without making me scrub through hours of video.


If you’re a beginner or intermediate Australian investor who wants to start building a portfolio of Australian and international stocks, eToro is the best trading app for you.

It offers reasonable fees, access to leverage, a huge selection of tradeable assets, an intuitive, easy-to-use interface and the option to diversify your portfolio with exchange-traded funds, forex, crypto and indices.

Most importantly, it allows you to free up your time by leveraging the expertise of advanced traders via its copy trading features.

This is not a platform for advanced, grizzly, die-hard day traders.

If you belong in that camp, you are much better off with Interactive Brokers or Vantage. But you already knew that.

✔ Easy-to-use app interface
✔ 0% commissions on the purchase of stocks and ETFs
✔ Excellent social trading features
✘ Advanced traders will want better charts and technical analyses
✘ Conversion and withdrawal fees

eToro Service ARSN 637 489 466 promoted by eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Capital at risk. See PDS and TMD. Zero commission does not apply to short or leveraged positions. Zero commission means that no broker fee has been charged when opening or closing the position. Limited stock exchanges only.

How eToro Stacks UpScore
Range Of Assets & Instruments4.5
Commissions & Fees4.5
Trading App5.0
Trading Platform4.5
Suitability For Beginner Traders5.0
Suitability For Sophisticated Traders4.0
Customer Service4.5
Research Tools4.0
Social Trading5.0
Education Resources4.0

2. Webull Australia.

Best low-cost trading app in Australia.

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

ASIC regulates it in Australia, while SEC, FINRA and SIPC keep a watchful eye on it in the United States.

While it doesn’t offer anywhere near the same range of tradeable assets as eToro, it makes up for it with impossibly low fees and a generous ($200 of free shares) sign-on bonus.

But is it enough to beat eToro?


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

Some investors feel uneasy about not having an individual HIN number, which is why I ranked Webull above the next best low-cost broker on this list – Tiger Brokers.

While I like Tiger Brokers, their custodial model rubs a lot of Aussie investors the wrong way.

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


Some people online mentioned that Webull only allows you to trade via its app. This isn’t true; a desktop platform is also available. Both are easy to use, modern and intuitive.

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

  • Australian and US stocks.
  • Australian and US ETFs.
  • US Options.
  • Hong Kong Stocks and Chinese A-Shares.

This is a good range of assets for someone looking to build a diversified international equity portfolio (but may disappoint people who want 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.

You’ll pay trade value x 0.0003 when buying Australian stocks, with a $4.9 minimum. 

Practical Example.

Webull will charge you $4.9 on trades of up to about $16330. Above that, you’ll pay more. A $25,000 trade will cost you $7.5, which is dirt cheap.

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

  • Buy orders on stocks and ETFs: trade volume x 0.00025 (i.e., you’ll pay US$2.5 to buy $10,000 of US shares).
  • Sell orders trigger a couple of minor (border negligible) SEC and FINRA fees.

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

Expert Tip.

Commissions in Hong Kong And Chinese markets are not as competitive as they attract a substantial $15 minimum flagfall.

In case the fees weren’t low enough, Webull sweetens the deal by waiving commissions altogether for the first 30 days and gives you $200 worth of shares for free. See below for details.


Webull is a no-frills stock trading app.

You don’t get any copy trading and social trading features. If those are a must, eToro is still your best bet.

Leveraged trading isn’t available either, but margin lending is.

But before you rush out and buy assets with borrowed funds, let me point out that Webull’s 9.6% interest rate is somewhat eye-watering.

Expert Tip.

If you want to trade on margin, consider going with Interactive Brokers instead. You’ll get a better interest rate (between 5.6% and 6.6%) plus a more advanced set of trading tools.

Oh, and you’ll get access to mutual funds, bonds and forex.

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

They’re not as good as eToro’s “Academy”, but I don’t view this as an issue, as you must not rely on the trading platform for your education, anyway.

Keep in mind that conflicts of interest are at play here.

The trading platform gets paid more when you trade poorly (high volumes and often), so it’s not incentivised to help you succeed.


I’m not allowed to provide investing advice, but if you want to learn investing, leave me a comment below. I’ll email you details of educators I trust.


Webull Australia is the best low-cost trading app in Australia. You get a snappy, user-friendly interface, rock-bottom commissions and the peace of mind of CHESS sponsorship. 

It’s the best platform for building a medium- to long-term equity portfolio focusing on Australian and US shares and ETFs.

Remember about the 30-day commission waiver.

It allows you to build your first portfolio without any fees eating into your capital.

Beyond that, you’ll pay a $4.9 (or so) fee per trade – one of the lowest in Australia, and Webull won’t insist on a minimum deposit amount.

Unfortunately, you will miss out on copy and social trading features. If those are non-negotiable, eToro is still the best.


eToro is also better if you need a bona-fide multi-asset platform that will give you access to mutual funds, bonds, commodities and CFDs, as well as UK and Euro markets.

Webull is eager to expand in Australia, so it’s offering a $200 sign-on bonus.

Sign up and deposit any amount to claim 10 free US shares (worth up to $100). Hold them for 30 days to get another 10 (worth up to $100). 

That’s $200 of free shares just to open an account and make a deposit – but only if you sign up using the links on this page. A deal worth considering.

✔ Trade ASX, US and HK stocks, plus US options
✔ Already rock-bottom commissions waived for the first 30 days
✔ CHESS sponsorship offers 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 UpScore
Market Access4.0
Trading Platform & App4.5
Ease Of Use5.0
Customer Service4.5
Research & Analysis4.0

3. Interactive Brokers.

The most comprehensive trading app.

interactive brokers vs etoro vs cmc markets

Since its inception in 1978, Interactive Brokers has become a huge securities firm, holding over $12.2 billion in equity capital and serving over 2 million active clients.

Regulated in Australia and listed on the New York Stock Exchange, it has traditionally been the best choice for advanced and algorithmic traders.

However, in recent years, the brokerage has released products and features designed to make it appealing to beginner and intermediate investors.

Did they succeed?


Instead of cramming every feature under the Sun into one trading app and struggling to make it user-friendly, Interactive Brokers offers its account holders two apps (plus two trading platforms)

Mobile Apps:

  • IBKR Global Trader is a simple trading app for beginners.
  • IBKR Mobile is a fully-featured trading app for intermediate and advanced traders.

Desktop Platforms:

  • IBKR Client Portal is a simple, approachable online trading platform for beginners.
  • IBKR TWS (Trader Workstation) is an advanced desktop trading platform for algorithmic traders. You get access to more markets than with any other trading platform, plus every trendline, algo, channel, moving average and momentum indicator you can poke a candlestick at.

This approach gives meets users at their skill level, and allows them to upgrade whenever they feel comfortable.

Beginner investors and traders get uncomplicated, unintimidating interfaces stripped of excessive functionality they’re not likely to use.

Meanwhile, experienced traders ready for more sophisticated trading strategies and larger trading volumes across a wider range of financial markets can jump off the deep end with IBKR’s pro-level interfaces.

IBKR’s research tools are excellent.

Far more detailed than eToro’s and Plus500’s and about on par with Vantage, they let you formulate trading plans with deep-dives into Morningstar-powered company research complete with:

  • P/E ratios.
  • Company financials.
  • Ownership information (apparently, James Murdoch owns $32 million of Tesla stock!)
  • Market commentaries.
  • Analyst forecasts.
  • Economic Moat and ESG scores.

Reporting features are equally strong.

The beginner-level app and desktop platform are limited to the basics, but the advanced platforms give you a detailed view of your investing strategy with trade logs, performance summaries, cash balances, and fee summaries.

Fees, however, are both a source of joy and frustration.

You only pay fees when you trade, and these are some of the lowest in the business.

The fee structure is ridiculously complicated (and the source of frustration that I’ll talk about shortly). As a rough guide, expect to pay $8.80 for every $10,000 you trade.


Applying leverage triggers spreads and overnight fees, which are on par with the market’s average.

Unlike eToro, which works only in USD, Interactive Brokers doesn’t lock you into a base currency.

AUD, USD, GBP and EUR are available to Australian traders, and you can change it at any time with just a few clicks.

Fractional shares are available on over 11,000 US, Canadian and Euro stocks and ETFs, making expensive assets affordable to beginner investors.


The fee structure is complex, and I guarantee you won’t get your head around it without getting an ache. First, you get two pricing pans: tiered and fixed.

Expert Tip.

The more you trade, the more it makes sense to switch to a tiered plan, with fees dropping by about 30% once you trade more than $3 million per month.

Second, different regions have different commission structures. For example, fees for Australian stocks are charged on a percentage of trade value, but US stocks are charged as a portion of each share.

Third, fees are not consistent across asset classes, and yes, those vary by geolocation, too.

This lack of consistency makes it difficult to forecast your costs.

In an attempt to deliver more value, Interactive Brokers has bolted on unique features, but many are not much more than window dressing.

For example, you can opt into its Stock Yield Enhancement Program, which means you will earn extra income by lending assets in your account back to Interactive Brokers.

Yes, you will get some returns, but these are likely to be an inconsequential distraction – less than 0.3% per year.

You also get access to 1 million bonds via IB’s Bond Marketplace and over 48,000 funds via its Mutual Fund Marketplace.

Be mindful of this when using Interactive Brokers.


Bolt-ons and “opportunities” like these make it easy to suffer from shiny object syndrome, losing sight of what matters most – building a healthy investment portfolio or learning to trade stocks.


Interactive Brokers is a go-to choice for sophisticated traders because of its institutional-grade desktop trading platform, sophisticated stock trading apps, and rock-bottom brokerage fees.

Recently, it has broadened its appeal by releasing Global Trader, a beginner-friendly stock trading app, and Client Portal, a simple web-based trading platform.

Sadly, Australians don’t get access to copy trading features (for those, you’re better off with eToro), but I love the platform’s zero deposit, withdrawal and inactivity fees, as well as low trading fees.

Combined with strong reporting and analysis features and a huge range of assets, they make Interactive Brokers appealing to beginner investors and grizzly day traders alike.

✔ Huge range of tradeable assets
✔ Rockbottom brokerage fees
✔ Two apps and two desktop platforms
✘ Too many options
✘ Confusing fee structure

How Interactive Brokers Stacks UpScore
Range Of Assets & Instruments5.0
Commissions & Fees5.0
Trading App4.5
Trading Platform4.5
Suitability For Beginner Traders4.0
Suitability For Sophisticated Traders5.0
Customer Service4.5
Research Tools4.0
Social Trading1.0
Education Resources4.0

4. Vantage.

Best stock trading app for serious CFD share traders.

Vantage was founded in 2009 and is regulated by ASIC in Australia, FCA in the UK and CIMA in the Cayman Islands.

Like Plus500, it is a global CFD brokerage offering stock, forex, precious metals and commodity derivatives.

This award-winning brokerage operates in 172 countries and has 30 offices globally.


While Vantage offers a powerful yet easy-to-use trading app, its desktop offering is centered around the powerful MetaTrader 4 and 5 software.

This creates an interesting differentiator to its closest competitor, Plus500.

While Plus500’s relatively uncomplicated proprietary platform is more geared towards beginner to intermediate traders, Vantage’s decision to use MT4 and 5 is a clear nod to the intermediate to advanced crowd.

Mind you, beginners are not abandoned by Vantage, as they have the option to use the less complex, web-based WebTrader platform.

The mobile app is fantastic.

Intuitive, gorgeous and friendly, it retains about 80% of the desktop’s functionality. You can place and edit orders while on the move to your heart’s content.


Desktop-based MT5, meanwhile, knocks it out of the park with advanced charting capabilities (21 timeframes, 1-minute history, economic calendar and hedging).

You also get access to SmartTrader tools as part of the MetaTrader suite and forex news headlines via FxStreet and FXWire Pro.

The range of tradeable assets is very comprehensive.

You get 500 US share CFDs, 50 AUS ASX share CFDs, 200 UK and hundreds of EURO share CFDs. Crypto fans will enjoy 30 crypto CFDs, while forex fans have access to 44 majors, minors and exotics.

Bond, precious metals and commodity CFDs are also available.

I like that, like Plus500, Vantage is unapologetically a CFD trading platform.

While Interactive Brokers tries to be everything to everyone, and eToro is great for novice and intermediate traders using copy trading to build their portfolios, Vantage offers a platform with features and fee structure that’s ideal for CFD traders.

Speaking of fees, they’re organised according to three account options on offer:

  • Standard account is aimed at novice traders. You pay relatively high spreads, but get a low $200 minimum deposit, no commissions and access to MT4 & 5.
  • Raw account is aimed at people who want low trading fees. You get razor-sharp spreads and remarkably low commissions – $1 per trade. (I had to double-check with a Vantage trading desk member to ensure this was correct).
  • Pro account is aimed at high-volume professional and algorithmic traders and money managers. It sidesteps ASIC’s leverage limitations, giving you access to 500X leverage – but with less regulatory protection.

To qualify for Vantage’s Pro account, you need to pass either an income test (net assets of $2.5 million / gross income of $250k/year for two years) or a sophisticated investor test.


A leverage of 1:500 means you can invest only 0.2% of the trade’s volume, giving you access to much larger trades. It also exposes you to much higher potential losses.


Let me reiterate – Vantage is a forex and CFD trading platform. It gives you access to a comprehensive range of share CFDs, it’s not suitable for traditional, unleveraged long-term share investing.

If that’s your main goal, go with eToro or Interactive Brokers.

Even though Vantage offers social trading in other regions via ZuluTrade and DupliTrade, Australians miss out.

This is a weird decision, as plenty of other brokerages offer these 3rd party bolt-ons in Australia.

Expert Tip.

If you like Vantage but the lack of copy trading and social trading features is a deal breaker for you, AvaTrade is your next best bet (see below).

If you’re a relative beginner, you will probably start dabbling on Vantage’s Standard account, but keep in mind that it offers the least competitive fees.

Once you find your feet and get serious, the Raw account will allow you to waste less money on fees. The $1 commission per side is remarkably low, while the spreads are variable – and very competitive.


Vantage is aimed at intermediate to advanced CFD traders – but won’t scare away relative beginners who aspire to become pros.

Buy-and-hold share investors who want to avoid CFDs should stick with eToro or Interactive Brokers.

Vantage’s MetaTrader 4 and 5 suites are a huge selling point for people who want to get serious about trading share, ETF, commodity and bond CFDs.

Vantage’s ECN-style Raw account offers some of the lowest trading costs in the industry at $1 per trade and narrow variable spreads.

While the Pro account offers even better pricing, I don’t recommend you go there unless you’re a legitimate Pro.

✔ Fantastic proprietary mobile trading app
✔ MT4, MT5, WebTrader and TradingView are included
✔ Great fee structure to suit every level of trader
✘ CFDs only – no access to underlying stocks
✘ Not for passive share investors

How Vantage Stacks UpScore
Range Of Assets & Instruments4.0
Commissions & Fees5.0
Trading App4.5
Trading Platform4.5
Suitability For Beginner Traders4.0
Suitability For Sophisticated Traders5.0
Customer Service4.0
Research Tools4.0
Social Trading1.0
Education Resources4.0

Trading CFDs carries significant risks and is not suitable for everyone. You may lose your capital. Please refer to PDS and TMD on our website. AFSL no. 428901.

5. Tiger Brokers.

Good low-cost trading app.


Tiger Brokers is an online brokerage app with almost 2 million account holders and an annual trading volume of over $219B.

Founded in 2014 by Wu Tianhua, Tiger Brokers is an international trading platform with offices in Sydney, Auckland, Singapore, Beijing and New York.

The Australian Securities and Investments Commission (ASIC) regulates the company.

(Related: 12 Best CFD Trading Platforms In Australia).


Tiger Brokers is quite different from eToro. You don’t get social trading, or access to forex, crypto or CFDs – and that’s the point. Simplicity is the trading app’s key attribute.

It does fewer things but does them very well – at a cheap rate. But I’m getting ahead of myself.

First, you get access to a satisfyingly large range of markets and trading assets:

  • ASX: ETFs and shares.
  • NYSE: ETFs, options, and shares.
  • NASDAQ: ETFs, options, and shares.
  • AMEX: ETFs, options, and shares.
  • HKEX: ETFs and shares.

This is enough to build a reasonably diversified portfolio with exposure to a number of sectors and regions.

Second, the trading app itself is very friendly. More friendly than its desktop counterpart, in fact.

With fantastic UI, it is intuitive, easy to learn and runs without glitches.

You get access to market data and charting tools on the go and full compatibility with Android and Apple.

Third, Tiger Brokers wants to seduce you with a signup deal – you get $0 brokerage fees on ASX and US stocks within the first 90 days of signing up.

This deal is great for first-time investors with cash savings in their bank accounts.

You can take advantage of it to build your first share trading portfolio and not pay a cent in fees. After 90 days, you’ll pay Tiger Brokers’ standard brokerage:

  • 0.025% of trade value for ASX shares (minimum of $6.49 per trade).
  • $0.0099 per US share (minimum of USD 1.99 per order).

(Although this isn’t the full picture, and it can get very confusing, very quickly – I’ll explain why in a moment).

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

Tiger Brokers also regularly include secondary signup perks, like depositing $60 worth of shares in your account. at no cost to you. See their website for details.


Like eToro, Tiger Brokers gives you the ability to purchase fractional shares in US companies.


Tiger Brokers keeps its costs low by not issuing you a unique Holder Identification Number for your shares.

This is standard practice with low-cost share trading apps, and the company is CHESS sponsored, but some investors do not love trading via this so-called “custodian model”.

I’m not concerned because the company is ASIC-regulated and holds an AFSL, but you should do your own research to ensure you’re comfortable with your decision.

Because leveraged trading isn’t available through Tiger Brokers, you will need to switch to eToro or another equivalent if you ever decide to dabble in more advanced investing tactics.

The fees I mentioned earlier don’t include pass-through (settlement) fees. These are added to each transaction because Tiger Brokers runs its brokerage on top of the Interactive Brokers system.

The latter effectively charges the former a rent for using its bandwidth, and this is what you experience as a pass-through fee.

These fees aren’t high, but they are different on every single exchange, and use different metrics.

For example, on the ASX, you’ll pay 0.03% of the trade.

But on US exchanges, you’ll pay three separate fees:

  • US$0.003 / share
  • 0.000008% × trade value on sell orders only
  • US$0.000145 / share on sell orders only.

Any questions?


Most people won’t bother calculating these prior to trading, and people who dislike complexity may choose other trading apps, like eToro instead.


Tiger Brokers is a great trading app for beginner investors who want to focus on shares and ETFs on major global stock exchanges.

Zero inactivity fees make it a great fit for people who like to buy and hold.

The signup perks are nice, too.

I love the idea of not having to pay any brokerage fees for 90 days, and would take full advantage of this.

Yes, the range of assets isn’t huge, but you’ll find that extra options become a distraction beyond a certain point.

Best investors I know follow very simple strategies by dollar cost averaging into indexes and blue chip stocks over long periods of time – and this is exactly what Tiger Brokers is great for.

If only the fee structure was a little simpler, Tiger Brokers would have been a contender for the #1 spot in this review.

✔ Intuitive, friendly app
✔ Nice signup perks for newly funded accounts
✔ No ongoing fees
✘ Fee structure gets confusing
✘ The custodian model is not for everyone

How Tiger Brokers Stacks UpScore
Range Of Assets & Instruments3.0
Commissions & Fees5.0
Trading App4.5
Trading Platform4.5
Suitability For Beginner Traders5.0
Suitability For Sophisticated Traders2.0
Customer Service4.0
Research Tools4.0
Social Trading2.5
Education Resources4.0

6. Plus500.

Good app for beginner and intermediate stock CFD traders.

CFD Service. Your capital is at risk.

Plus500 is a global CFD trading platform with headquarters in Israel. Listed on the London Stock Exchange, it has a solid reputation and is regulated by ASIC in Australia, FCA in the UK and CySEC in Cyprus.

Founded in 2008, it offers clients in more than 50 countries – including Australia – access to CFDs on stocks, forex, ETFs, stock indices, and more.


Like eToro, Plus500 offers an unintimidating, intuitive trading app that allows you to make trading decisions on the fly.

The interface is clean, easy to get your head around and has a built-in live chat function, making it great for beginners.


Unlike eToro, Plus500 is primarily a CFD provider. This means you always trade with leverage and never own the underlying assets.

While this feature makes Plus500 unsuitable for defensive buy-and-hold share investors, it makes it excellent for people who want to get serious about leveraged trading.

The range of tradeable assets is large without being bloated.

While Interactive Brokers gives you access to almost every instrument in every market under the sun, Plus500 prefers to keep its offering more tightly focused.

I prefer Plus500‘s approach, as excessive options rarely lead to tangible ROI, and instead create more distractions, analysis paralysis and FOMO.

You get access to about 2800 CFDs in total, with 70 of those being Australian stock CFDs as well as hundreds in the USA, UK, Europe, Hong Kong and Singapore.

A huge range of CFDs on forex, commodities, crypto, options, indices and ETFs are also available.

Plus500 makes its money solely through spreads and overnight fees, so you won’t pay deposit, trading or withdrawal fees.

Spread fees vary depending on which instrument and market you choose to trade, but are in line with industry averages.

For the EUR/USD currency pair, for example, it offers a spread of 0.8 pips. 


Let me reiterate – Plus500 is a CFD trading platform.


This is not a “Con” per se, but a limitation that makes Plus500 very appealing to a certain type of trader who wants to take larger risks for the possibility of large returns.

If you don’t want to be locked into trading CFDs only, you’re better off with eToro or Interactive Brokers instead.

Both of those brokerages allow you to buy the underlying assets while also giving you the option to trade CFDs. Plus500 specialises in the latter, but it does so very well.

You get a proprietary desktop trading platform and a mobile trading app that attempts to solve the difficult task of not intimidating beginners while satisfying the veterans.

Plus500 does an excellent job here.

The tools are more advanced than eToro’s, but advanced CFD traders with a thirst for deep technical analysis – especially chart analysis and economic indicators – will want more, and are better off with Vantage or Interactive Brokers.

Both Vantage and Interactive Brokers offer a range of trading apps and platforms aimed at specific demographics.


For example, Interactive Brokers offers two mobile trading apps and two desktop platforms, one aimed at beginners and the other at advanced traders. I explain what they are below.

Nonetheless, Plus500 gives you access to 13 real-time charts, 20 drawing tools and 110 indicators. Some indicators can be customised.

Stop-loss orders are available but attract additional fees (gotta spend money to make money, right?).

Research resources follow a similar trend. You get news feeds, an economic calendar and client sentiment tools.


Plus500 is one of the best trading platforms in Australia, and the best choice for people who want to get serious about CFD trading.

You can trade Australian and international stock CFDs as well as thousands of other asset derivatives.

Ease of use, simplicity and access to a generous, but not excessive, range of instruments make Plus500 ideal for beginner and intermediate CFD traders. Advanced users, meanwhile, may be turned off by the absence of MT4 and MT5.

The absence of social trading features is a letdown, with eToro still leading the pack on that front.

As with eToro, you trade via a single proprietary trading app and a single desktop platform. Both are some of the most user-friendly platforms I’ve come across in this space.

✔ Specialises in CFD trading
✔ Great proprietary app and desktop platform
✔ Focus on beginner and intermediate CFD traders
✘ Only CFDs are available – no access to underlying stocks.
✘ Advanced traders will miss MT4 and MT5

How Plus500 Stacks UpScore
Range Of Assets & Instruments4.0
Commissions & Fees4.5
Trading App4.5
Trading Platform4.5
Suitability For Beginner Traders4.5
Suitability For Sophisticated Traders3.5
Customer Service4.5
Research Tools4.0
Social Trading1.0
Education Resources4.0

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

7. CommSec Pocket.

A surprisingly good micro-investing app.

stock trading platform australia

CommSec has a “safe a houses” reputation in Australia and attracts a lot of beginner traders.

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

It’s a good way to build a simple stock and ETF investment portfolio.

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

CommSec’s biggest strength is its two-day (T2) settlement, which means money hits your account two days after your trade date.

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

But overall, CommSec Pocket is not the best option for most Australian investors.

Expert Tip.

My motto is – if you do something, do it properly. Open an account with a fully featured trading provider like eToro instead – you’ll have more features at your disposal and pay less brokerage fees.

✔ Convenient for existing CommBank customers
✔ Invest your spare change instead of blowing it
✔ Easy to use app
✘ High fees
✘ Not for serious investors and traders

How CommSec Pocket Stacks UpScore
Range Of Assets & Instruments3.0
Commissions & Fees3.0
Trading App4.5
Trading Platform4.0
Suitability For Beginner Traders5.0
Suitability For Sophisticated Traders1.0
Customer Service4.0
Research Tools3.0
Social Trading1.5
Education Resources4.0

8. AvaTrade.

Good for intermediate derivative traders.

stock trading app australia

AvaTrade is a massive player in the trading app space, facilitating 2 million monthly transactions.

It is considered one of the best trading platforms in the world and is regulated by the Australian Securities And Investments Commission (ASIC).


AvaTrade’s account opening process is impressively fast. You can start trading in minutes.

The friendly and sleek user experience doesn’t stop once you’re in. An intuitive, easy-to-use interface gives you access to four trading platforms:

  • MetaTrader (main desktop trading platform).
  • AvaTradeGO (mobile trading app).
  • AvaOptions (excellent FX options trading platform, powered by Sentry Derivatives).
  • AvaSocial (copy trading platform, powered by Pelican Trading).

The fee structure on AvaTrade favours frequent traders, and if you get stuck, the support is excellent. Available via phone, email, live chat and – yes – WhatsApp, I found it responsive and very competent.

Brushing up on your trading skills is easy. Training guides and videos, forex trade news and market analyses are all at your fingertips.


AvaTrade trades exclusively in derivatives (CFD and forex options). Yes, it offers over 600 stock CFDs, some commodities and cryptocurrency indices, but this is a comparatively average offering in the space.

You won’t pay account, deposit or withdrawal fees, but prepare to cough up an eye-watering $50 quarterly inactivity fee – after just 3 months of inactivity.

If you like to buy and hold your stocks or dip in and out of the market, this app is not for you.

Speaking of fees, AvaTrade’s:

  • CFD fees are low.
  • Forex fees are about on par with those of other trading apps.


AvaTrade does not offer cryptocurrency purchases but does offer the option to trade in cryptocurrency CFDs.


AvaTrade is a great trading app for Australian investors who intend to trade exclusively in derivatives.

Its mobile trading app will satisfy beginner and intermediate traders, but it’s slightly less advanced than apps from CMC and IC.

However, I found AvaTrade’s proprietary mobile platforms – AvaTradeGO and AvaOption – excellent.

Free deposits and withdrawals, combined with high inactivity and mid-range trading fees make it most suitable for frequent traders.

A limited amount of tradeable assets and no option to trade CFDs and stocks can catch you off-guard, so check that the instruments you usually trade are available – prior to signing up.

✔ AUD account available for Australian traders
✔ No fees on withdrawals and deposits
✔ Some copy trading functionality
✘ High fees on dormant accounts
✘ Not aimed at stock traders

9. IG.

Good stock trading app for professional investors.

stock trading app

IG is one of the world’s oldest and most experienced brokers, with operations dating back to 1974. The company is listed on the stock exchange (FTSE250) and overseen by top-tier regulators, including ASIC.

With a clientele of over 313,000 traders in more than 17,000 markets worldwide, IG is the largest online stock trading platform – and one of the best.


You won’t be surprised to find out that IG isn’t just a stock trading app. It offers 17,000 markets to trade on, across shares, commodities, crypto, bonds, forex, indices, options and, of course, ETFs.

IG does not have integrated social trading features built into its app, but it does have a robo-advisory service called Smart Portfolios.

This service is excellent for inexperienced investors as it offers a mix of fully managed, highly diversified, low-cost portfolios across a mix of commodities, bonds and stocks.

  • A fee of about 0.72% applies, but is very competitive when compared with similar offerings.

Experienced investors should tilt towards IG’s Share Dealing product. It is the best tool for creating your own diversified portfolio by studying the market, dealing shares, buying ETFs and participating in spread betting.

Users enjoy high leverage, extended trading hours on US stocks and the ability to trade on weekends.

IG gives you basic risk management and stop-loss tools for free, but if you want access to more advanced versions, you have to pay an additional fee.

Australians need to open a separate account if they want to trade stocks in addition to having access to CFD and forex accounts.

The IG app, like IG’s desktop interface, is intuitive, fast and crisp. Advanced search functions, a customisable interface and a 2FA login make it one of the best investment apps in Australia.


Although IG’s mobile app is designed well, some beginners may feel overwhelmed when first using the app because of its many features, assets, and trading tools.

Also, because the trading platform offers a variety of investment types, its fee structure can be difficult to get your head around.

The app’s alerts function is limited to setting price alerts only. For full features, you’ll need to log into the desktop interface.


IG is primarily a CFD and forex broker. It offers more research tools than Etoro because its service is primarily geared towards professional investors.

✔ Great functionality for advanced traders
✔ Mobile trading app allows advanced technical analysis
✔ Access to 12,000+ CFDs
✘ Educational content is good without being great
✘ Only CFDs are available

10. SelfWealth.

Good stock trading app for low trading fees.

Disclaimer: Your capital is at risk.

SelfWealth is a publicly listed low-cost broker that allows you to trade Australian shares for a flat $AUD 9 per trade and US shares for $USD 9.50 per trade.

It’s one of the original low-cost CHESS-sponsored platforms that took off in Australia. Today it has a base of over 100,000 clients.

You get a very user-friendly trading app, but limited to stocks only. Leveraged trading and access to commodities, crypto or forex are unavailable.

✔ AUD account available for Australian traders
✔ No fees on withdrawals and deposits
✔ Some copy trading functionality
✘ Fees on dormant accounts

11. NABTrade.

Trading app with no minimum deposits. Backed by an Australian bank.

stock trading app australia

NABTrade is one of the big banks stepping into the online stock trading market, and it offers users a fairly intuitive experience.

  • Instead of keeping you tethered to your desktop, the app allows you to buy and sell shares from anywhere using only your smartphone.

With contingent orders and live prices, market depth and charts easily accessible from the app’s straightforward interface, trading has never been more convenient.

With this app, you can quickly check on the status of your orders, see what stocks are rising and falling, and get an overview of your trading account while remaining up-to-date with the latest news.

12. ANZ.

Good app with fixed fees. Also backed by an Australian bank.

best stock trading app australia

Aimed mainly at ASX shares and insights, the ANZ investment app is a great way to start if you’re new to online trading in Australia.

  • ANZ’s app makes it easy to trade, chart, and research when investing in shares within Australia.

If you want a quick way of getting started with online investing, ANZ is ideal for streamlining the process.

With this app, you not only get access to live news and company announcements, but you can also edit your watch screens and track your portfolio.

13. GoMarkets.

Great for educational resources.

stock trading apps australia

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

It’s an unusual brokerage in the sense that it primarily focuses on serious CFD trading (Meta Trader 4 and 5 are available!), but also gives you access to low-cost share trading.

Over 2500 shares and ETFs are available.

You pay $0 brokerage fees on the first 15 trades, then a flat $7.7 per trade afterwards.

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

14. OANDA.

Great app for trading forex and CFDs.

oanda vs etoro

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

It supports MT4 and MT5 platforms and has built a strong reputation for excellent market analysis.

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.

15. ThinkMarkets.

Great low-cost trading platform for beginners.

share trading apps

ThinkMarkets offers CHESS-sponsored shares and ETFs (over 3100 on the Australian stock exchange) at a flat $8/trade.

Known for its rock-bottom fee structure, ThinkMarkets offers zero monthly, transfer and account opening fees.

Smaller investors will pay an $8 brokerage fee per trade, while investors who trade more than $200,000 will have to cough up 0.05% instead.

The main downside of ThinkMarkets is its limit on stock exchanges. ASX is available, while US-based NASDAQ and NYSE are not.

16. Pearler.

Great app for long-term investing.

share trading apps

Pearler is a new trading platform founded in 2018 in sunny Sydney (before La Nina came around). It strongly focuses on usability, with one of the most gorgeous trading apps around.

  • You can trade 2000 Australian shares for $9.50 and 5000 US shares for $6.50.

Pearler’s social trading feature imitates eToro by allowing you to follow portfolios of large traders and influencers.

17. Stake.

Good trading app for buying US equities at $3 per side.

top share trading apps australia

Stake has been offering US shares with zero brokerage fees since 2017.

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

The best thing about the Stake app is its clean interface.

18. IC Markets.

Another good all-round mobile trading app for serious traders.

stock trading apps australia

IC Markets is a stock trading app that was established in 2007. ASIC regulates it in Australia.

The multi-asset platform focuses on providing its clients with one of the most comprehensive trading experiences possible.

You get access to almost every asset and derivative under the sun, including shares, CFDs and commodities.

In addition, they offer competitive prices and a wide variety of free forex education tools and technical analysis.


IC Markets offers some of the best spreads in Australia, as low as 0.0.

Raw Spread is most useful for professionals, who can take advantage of the low spreads and commissions (as little as $3.5). On Raw Spread, users can access over 60 currency pairs and quotes from 25 different pricing sources.

  • That said, IC Markets is better suited to beginner traders.

The straightforward trading app provides free educational materials like video tutorials, webinars, and technical analyses.

The IC Markets cTrader stock trading app is compatible with Android and iOS devices and allows you to trade stocks, ETFs, indices, metals, and forex by supporting both MT4 and MT5.

In addition to its other features, the app integrates No Dealing Desk (NDD) / Direct processing (STP) technology.

This makes it one of the fastest stock trading apps in Australia, with execution speeds of 40ms.

As far as trading platforms, you get MetaTrader 4 and 5, as well as desktop and mobile versions of cTrader.

As with most other Australian-regulated trading apps, you can access 1:30 leverage.

Expert Tip.

A demo account is available and, unlike eToro, does not require you to go through the full signup process before you get access.


IC Markets is primarily a forex broker. You get a limited range of products, but it’s enough for beginners to cut teeth.


IC Markets is a fast trading app with a fantastic interface.

It gives you access to 100 large-cap stock CFDs as well as commodities, indices and bonds.

✔ Fast execution speeds
✔ Fantastic charts
✔ 24/7 customer support
✘ Slow live chat

19. CMC Markets.

Good trading app for advanced traders.

cmc markets stock trading apps

While eToro is geared towards newbies and intermediate traders, CMC Markets is best suited to seasoned pros.

The platform offers several advanced trading tools to help day and swing traders outperform the markets.


CMC Markets has a much larger range of instruments than eToro. Covering almost 12,000 stock CFDs from over 23 exchanges, it offers Australian traders a comprehensive product.

You can access Australian and international stocks as well as exchange-traded funds (ETFs), options, fixed-income securities and bonds.

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.


The mobile app doesn’t fully mirror CMC Markets’ desktop interface. Only 29 of 86 technical indicators are available via mobile devices.

Two trading platforms are available through CMC Markets:

  • Next Generation. Fast, well-designed and offering 80 technical indicators, 40 drawing tools and 60 candlestick patterns, it is one of the most impressive proprietary platforms available to Australian traders.
  • MT4. Offers an automated trading experience, but has far fewer features overall than the Next Generation platform.

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 for you to see:

stock trading app australia

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 PlatformUp to $1,000Up to $5,000$10,000$50,000
ANZ$0*$11 or 0.10%$11 or 0.10%$11 or 0.10%
* ANZ and CMC offer $0 on the first transaction only. Subsequent transactions attract an $11 fee. Fees are correct as of 1st November 2023.

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

Expert Tip.

Want faster access to your money? Enable real-time payments by hooking up a Macquarie Cash Management Account to CMC Markets. The Macquarie CMA will replace the default ANZ Cash Settlement account.


CMC Markets will charge you 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).

According to customer feedback on Productreview.com.au, this is CMC Markets’ biggest Achilles heel, with people struggling to get fast and effective responses.

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.


CMC Markets is one of the best stock trading apps in Australia, but it doesn’t do anything that Interactive Brokers can’t.

Yes, you get MT4, but you have to put up with a clunky account-opening process and a lethargic customer service.

✔ Great functionality for advanced traders
✔ Mobile trading app allows advanced technical analysis
✔ Access to 12,000+ CFDs
✘ Educational content is good without being great
✘ Only CFDs are available

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 Trade Stocks In Australia Without A Stock Trading App?

Yes. Trading apps are great for placing trades on the go, but professional investors and traders tend to spend 70% of their time on desktop platforms. These include:

  • WebTrader. Easy-to-use, intuitive, web-based desktop platform (included with Vantage and AvaTrade).
  • Meta Trader 4 & Meta Trader 5. Downloadable, pro-grade, desktop trading platforms (offered by serious brokers such as Vantage, AvaTrade, IG and many others).
  • Proprietary Desktop Trading Platforms. Some brokers build their own custom interfaces to offer you the right balance of sophistication and ease of use (e.g., eToro and Plus500).

2. Stock Trading App vs Web Platform: Which Is Best?

Convenience is the main reason for the rise in the popularity of trading apps. You can learn to trade and create an investment portfolio while commuting or waiting for your next meeting.

Expert Tip.

What you gain in convenience, you lose in insights. Most trading apps miss out on advanced reporting features.

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

Guardian Australia recently reported that trading via a phone app was likely to result in FOMO-driven, riskier trades.

People 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. Banks vs Independent Trading Platforms: Which Is Best?

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

  • They tend to charge higher brokerage fees, though many Australians accept them as “cost of doing business” because “banks are safe as houses”.

This is a misconception, as ASIC regulates all stock trading platforms in Australia. Best stock trading platforms keep client funds in a segregated account at a Tier 1 bank, away from its own operational capital.

Yes, and it must have an Australian Financial Services License (AFSL).


To protect your money in case your brokerage goes bust, ensure it is CHESS-sponsored (more on this later).

In any event, the trading platforms provided by Australian banks are:

  • CommSec.
  • NABtrade.
  • ANZ.
  • Westpac.
  • Bendigo Invest Direct.
  • St George.
  • Macquarie.
  • HSBC.

As of November 2023, there are also at least 20 independent online brokers operating on the Australian market, 14 of which ended up in this review:

  • eToro.
  • CMC Markets.
  • Stake.
  • Think Markets.
  • Vantage.
  • Eightcap.
  • Blueberry Markets.
  • SelfWealth.
  • Go Markets.
  • Pepperstone.
  • Interactive Brokers.
  • Bell Interactive.
  • FP Markets.
  • Fusion Markets.
  • Superhero.
  • Pearler.
  • OANDA.
  • AvaTrade.
  • Plus500.
  • IC Markets.
  • IG.

Did You Know?

Some “independent” brokerages (I’m looking at you, CMC Markets) – build their platforms on top of bank infrastructure.

4. Is Stock Trading Legal In Australia? Is it Safe?

Australians are free to trade stocks without restrictions, as long as the broker they use is licensed in Australia.


ASIC ensures that Australians’ investments are safe and secure.

5. What’s The Difference Between Stocks And CFD Stocks?

If you trade stocks, you own the corresponding asset. Your potential profits are only limited to how much the stock prices increase.

However, this also means your losses will be mitigated because they cannot exceed your initial investment amount.

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

With CFDs, your profits and losses can be amplified, meaning you could lose more than what you originally put in.

CFDs vs spread Betting: what’s the Difference?

The main difference between CFD trading and spread betting is that the latter is exempt from capital gains tax (CGT) in Australia.

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 remember 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.

  • Some brokers in the US do not offer after-hour trading, so you must check the details and service offerings before investing.

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


In the United States, many brokers offer their research and guidance for free. In Australia, this type of research is often part of the commission fee or optional added extras.

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

eToro is the best beginner stock trading platform in Australia.

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

A trading app is a portal that buys and shares on the share market – on your behalf. Simple enough, right?

While they all share this feature, they differ in other minor details. If you want to geek out, here they all are.

Stock Trading AppMinimum Deposit (US$)Demo Account?Mobile App ScoreDays To Open An Account
CMC Markets$0Yes4.7/51-3
IC Markets$200Yes4.6/51

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) somehow. Here’s how they do it – and what you should watch out for.

Stock Trading AppDeposit FeeOngoing FeeWithdrawal FeeInactivity FeeBrokerage Fee
eToro$0$0$5$10 after 12 months$0
CMC Markets$0$0$0$15 after 12 months$0
IC Markets$0$0$0$0Yes
AvaTrade$0$0$0$50 after 3 months, $100 after 12 monthsYes
SelfWealth$0$20/month for SelfWealth Premium$0$0Yes

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

I’m not an investing guru.

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

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

  • Very mature of me, I know. (I haven’t always been like this).
  • I quickly opened a NABTrade account and bought some Adobe, United and Tesla stocks. That’s a story for another day 🙁
  • The process was easy enough (a couple of forms notwithstanding), but I realised that I didn’t choose the best trading platform for trading international and Australian securities.

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

The question kept nagging me – should I choose a better investing app?

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.

  • The information on this page is the result of my research.

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 Looked For In An Australian Stock Trading App.

Not all trading platforms are made equal. I discovered that when choosing the best stock trading app, it’s essential to consider the following factors.

1. Does It Have CHESS Sponsorship?

CHESS electronically registers the ownership of your shares with the Australian Stock Exchange. You are given a Holder Identification Number (HIN), and your shares can be traced to a specific broker.

CHESS sponsorship is crucial because it means you own the shares directly and can have voting rights.

This contrasts with the custodian model, where the trading platform owns the shares on your behalf.

If the brokerage goes down, getting your money back via a CHESS sponsorship is easier because it’s clear that you’re the owner.

2. Is It Intuitive?

Choose an app with a user-friendly interface to make things easier, especially if you’re a beginner.

Expert Tip.

The best stock trading apps have in-app tutorials that show you how to get the most out of their platforms.

3. Is The Customer Service Any Good?

Top-notch customer service is key.

Something will eventually go wrong. When it does, you’ll feel a lot less stress if you know that support is:

  • Competent.
  • Within easy reach.
  • In your timezone.

Expert Tip.

To test customer support, contact them via chat or email before you sign up for the app. You should receive a response within 1-2 hours, if not sooner.

4. Does It Have Low Transaction Speeds?

For any trading, but especially scalp trading, latency is a killer. Look for instant execution speeds or apps that integrate using Straight Through Processing (STP) technology.

5. Which Basic And Advanced Tools Does It Offer?

The stock trading app should give access to the following:

  • Basic tools, like real-time charts, updates, and well-researched information.
  • Advanced tools, like risk management and technical analysis (to help you determine your entry and exit points).

6. What Are The Brokerage Fees Like?

Compare brokerage fees because they can vary significantly.

  • A trade that costs $10 at one broker might cost $150 at another.

7. Can It Send Trading Alerts?

Your chosen trading app must be able to send alerts and notifications.

8. Does It Charge Non-Trading Fees?

Watch out for sneaky fees, that have nothing to do with trading itself, as they tend to add up quickly and eat into your hard-earned profits.

  • Withdrawal fees. What you need to pay when transferring money from your trading account to your bank account.
  • Inactivity fees. Charged when you have not bought or sold stocks on your trading app for a specific time.
  • Deposit fees. You guessed it – the money that trading platforms charge you for the pleasure of sending your money over to them. These fees vary depending on the method of transfer (i.e. bank card, bank transfer, e-wallets, etc.).
  • Monthly fees. They charge you something every month … but for what exactly? No one is sure, so look for trading apps with zero monthly fees.

Quick Comparison Of Best Australian Stock Trading Apps.

How does my #1 recommended stock trading app in Australia, eToro, compare with its main competitors? Let’s find out.

eToro vs IC Markets.

  • eToro is a much better choice for beginner investors than IC Markets. While both brokers offer commission-free stock trading, eToro has lower minimum deposit requirements, offers a wider variety of investment products, and provides better educational resources to help you learn about investing.

eToro vs AvaTrade.

  • When compared with AvaTrade, eToro is the clear winner. eToro offers commission-free stock trading, while AvaTrade charges a commission of $5 per trade. In addition, eToro’s trading platform is much more user-friendly and easy to use than AvaTrade’s.


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6 responses to “19 Best Stock Trading Apps In Australia For 2023 [Rated & Ranked]”

  1. Hi
    Would you consider advertising my website on your platform

    Looking forward to hearing from you

    Steve Sivathas

    • Hi Steve, thanks for stopping by. Unfortunately, we don’t offer advertising opportunities on our review pages at this time. Steven

  2. You’ve incorrectly labelled some as having ‘capital at risk’ regardless of CHESS sponsorship.

    Your capital is no less at risk with CommSec than with any other CHESS-sponsored trading platform.

    • Hi Rob, thanks for your perspective. Could you clarify what you mean please? Are you saying that a trading app’s CHESS status doesn’t affect its risk profile?


  3. Hi, started out on Nabtrade but things I think could be better that’s not included in your review!

    1: what interest rate do they give on your holding account. As I have larger amount it’s not very reasonable to not pay interest or under 1%
    2: execution of trade might be instant but it can take 3working days to be able to sell them!
    3: some trading companies batch your same shares purchases and average the price. Not a biggie but I like to sell and compare to what I payed for that lot!
    4: reporting: if you trade frequently it would be great if the reporting batched by share and listed your gain or loss by share not a periodic list?
    5: getting full ASX access while assumed is not the case with every broker, trap for beginners

    Great review and thanks for going down that rabbit hole!

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