7 Cheapest Brokerages In Australia For 2024

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(35 votes, average: 4.8 out of 5)

Choosing the cheapest stock broker is a smart move. Brokerage fees eat into your capital and compound over time. The difference across a 10-15 year window can be huge. Some online share trading platforms become your allies in helping you build long-term share portfolios, while others overcharge with excessive commissions and spreads. I've picked the 7 cheapest brokerages in Australia for February 2024 to help you save money and enter the stock market today.


Last updated: February 9th, 2024

Cheapest stock broker in Australia

Webull Australia

You won't pay currency conversion fees - or any other fees, for that matter - except rock-bottom commissions starting at $4.9 per trade. Assets are limited to ASX and US stocks, ETFs, US options and emerging Asian market stocks.

Visit Webull Australia

All investments carry risk of losing your capital.

Cheapest broker for investing large sums

Selfwealth

A good alternative to Webull, Selfwealth stands out with its simple, fixed-fee structure. You pay higher fees than with Webull, but the fees are always fixed at $9.5 per side. Decent social trading tools are available for extra $29/month.

Visit Selfwealth

All investments carry risk of losing your capital.

Best discount broker for building multi-asset portfolios

Interactive Brokers

The most comprehensive brokerage on this list. Offering low fees with a huge range of tradeable assets across 90+ global exchanges, Interactive Brokers is ideal for investors who want to dabble in bonds, funds, equities and forex.

Visit Interactive Brokers

All investments carry risk of losing your capital.

Cheap Australian micro-investing platform

Raiz

A low-cost micro-investing platform offering premade stock and ETF portfolios, Raiz is more a savings app than a brokerage. Relatively high monthly fees are not ideal, but they're better than blowing your spare change on beer.

Visit Raiz

All forms of investment carry the risk of losing money.

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: February 9th, 2024

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With the Australian economy buffeted by inflationary headwinds and rising interest rates, few of us have mountains of investable cash left over at the end of each month.

But the 92% surge by FANG stocks (Facebook, Amazon, Netflix and Google) in recent months demonstrates that even modest sums, invested well, can deliver meaningful returns during periods of high volatility.

Investment apps help you take advantage of opportunities by giving you easy access to the stock market from your pocket.

Remember that investing small amounts can eat away disproportional amounts of capital through flagfall brokerage fees.

A $10 per side fee might not seem excessive, but if I invest $250 each month, I’ll pay $120 in fees across the year, or 4%.

By the time I factor in the rampant CPI and the opportunity cost of my personal time, my shares must appreciate by at least 10% before I break even.

I’ve picked the best investing apps in Australia to help you navigate this minefield.

1. Webull.

Cheapest stock broker in Australia.

Webull became available in Australia just over one year ago after becoming one of the most popular cheap stock brokers in the United States.

Regulated Down Under by ASIC, it’s quickly gaining a reputation as Australia’s #1 low-cost trading platform.

Let’s see what the fuss is all about.

Pros.

Unlike Interactive Brokers (which I’ll discuss in a moment), Webull gives you access to a tightly focused set of assets.

It keeps costs down by strictly focusing on Australian and US shares and ETFs.

US options, Hong Kong stocks and Chinese A-shares are also available.

Apart from reducing fees, this approach eliminates distractions. You don’t feel the pull to invest in high-risk asset classes (looking at you, crypto and CFDs) and instead focus on building medium to long-term equity portfolios.

Brokerage fees are so cheap that they’re borderline ridiculous.

Most people will pay just $4.9 per side to trade on the ASX.

Webull’s official rate is 0.0003 x trade value with a $4.9 minimum, meaning trades above about $16300 will attract a slightly higher fee (e.g., a $30,000 buy order will cost $9).

Buy orders of US stocks are also very competitive, although involve more complex arithmetic.

In a nutshell, you’ll pay about the same rate, but in US Dollars. If you want to get geeky, the rate is 0.00025 x trade volume on buy orders.

Sell orders attract a (minor) set of regulator-mandated TAF, SEC and ADR fees and usually add up to a couple of bucks.

Because Webull is keen to earn your business, they’re waiving all commissions for 30 days from the moment you open your account.

Expert Tip.

Webull doesn’t insist on a minimum deposit amount. You could buy $20 worth of shares if you want to, but remember that ASX trades attract a $4.9 brokerage fee. In this example, you’d be paying almost 25% in fees (and the same again when selling).

Fractional shares are available, which is handy when buying large-cap stocks (did you know that one Class A share of Berkshire Hathaway is worth US$584,680.00 as of February 2024?)

Because Webull follows a mobile-first philosophy, its investing app can do everything its desktop platform can.

The app looks and feels like it deserves to be the centre of your trading experience, rather than an afterthought, giving you access to a large set of technical analysis tools as well as real-time market data.

Important!

Webull wants to become your broker of choice so badly that they’re offering $100 in cash vouchers when you fund your new account and maintain a balance of $2,000 for 90 days. (See T&Cs for details).

Cons.

Webull’s strict focus on Australian and international stocks is also its weakness. Interactive Brokers is still your best bet if you plan to find opportunities in commodities and bonds.

Yes, you get access to some emerging Asian markets and US options, but it’s not the same as being able to trade stocks, forex, cryptocurrencies, options, bonds, futures and funds in 150 markets from a single, integrated account.

Moreover, Webull doesn’t offer any copy trading features; you won’t be able to outsource your investing decisions to an expert trader.

Trading CFDs on Webull isn’t possible, either.

Expert Tip.

Margin lending is available, but the 9.6% interest rate isn’t cheap. If you plan to buy shares with borrowed funds, shop around – you’ll find brokerages that offer sub-6% interest rates.

Webull’s educational materials are quite basic, but let me reiterate – don’t expect your broker to teach you how to trade.

They are incentivised to make you trade more often (not necessarily better).

Overall.

Webull is an excellent cheap stock broker. Use it to build a portfolio focused on Australian and US equities plus US options.

The fees are some of the cheapest I’ve seen in Australia.

Paying $4.9 per side is great, especially when Webull offers CHESS sponsorship on your ASX shares.

I wish Webull offered access to European and UK financial markets, bonds and mutual funds. And no, it doesn’t offer copy trading.

Important!

But let’s remember that this is a no-frills, cheap stock broker. If you want the kitchen sink, go with Interactive Brokers instead.

Finally, remember about the 30-day fee moratorium and $100 bonus deal.

It means you can open your account and build your investment portfolio without paying any brokerage fees, and get a $100 bonus.

Use the link below to claim yours.

✔ Cheap fees on ASX, US, HK and Chinese stocks
✔ First 30 days free makes it even cheaper
✔ CHESS sponsorship on ASX shares
✘ No copy trading features
✘ No CFD trading, forex, crypto or commodities

How The Webull Stacks UpScore
Market Access4.0
Fees5.0
Ease Of Use5.0
Customer Service4.5
Research & Analysis4.0
OVERALL4.5

2. Selfwealth.

Cheapest stock broker for investing large sums.

Selfwealth is a homegrown Australian-owned and operated low-cost stock brokerage founded in 2012.

It quickly gained recognition in investing circles for its access to a good range of Australian and international share markets, cheap pricing and a refreshingly simple fee structure.

Pros.

I like simplicity, and Selfwealth delivers it in spades.

Instead of confusing you with volume-based fee tiers and surprise pass-through fees, the stock brokerage offers simple, flat, cheap pricing:

Australian StocksAU$9.5 per trade
US StocksUS$9.5 per trade

Apart from being ridiculously simple, this fee structure makes the broker appealing to investors looking to deposit large sums.

Whereas Webull’s calculus of 0.0003 x trade volume works better on deposits below $32,000, Selfwealth becomes cheaper if you plan to deposit more.

Like Webull, Selfwealth lets you trade stocks and exchange-traded funds (ETFs) from the Australian Stock Exchange and the New York Stock Exchange, NASDAQ and HKEX.

All Australian shares purchased through Selfwealth are CHESS-sponsored.

A good set of trading tools is already included, but you can pay $29/month to access a more powerful market insight toolkit from Refinitiv, a global financial market data provider.

While it’s nowhere near as sophisticated as the copy trading capabilities of the (more expensive) eToro trading platform, Refinitiv lets you follow portfolios of expert traders and sanity-check your decisions against theirs.

Important!

You also get 90 days of free access to Selfwealth Premium, another twist on copy trading that lets you imitate the strategies of top traders.

Rather than explicitly mirroring portfolios of experts, the platform will recommend trades that will bring your portfolio closer in line with those of top performers on the platform.

Cons.

Selfwealth does have one (somewhat hidden) fee – a 0.6% currency conversion fee that you’ll need to cough up when buying and selling US stocks.

This is competitive, but probably has a markup of about 30% built into it. It’s not a market rate that the platform pays to its bank.

Webull, meanwhile, claims to pass the bank rate on to you without a markup.

Refinitiv’s $29 monthly fee is also a sticking point for me. Selfwealth’s research functionality is definitely limited without it, and the company used to charge (a very reasonable) $9 for the service.

But at $29/month? That’s $360 per year eating into my capital.

Apart from those quibbles, I have no complaints apart from the fact that all the usual limitations of cheap trading platforms apply. You get:

  • Access to a limited range of markets and assets.
  • No access to leverage.
  • Some flabby copy trading features.

Overall.

Selfwealth is one of the original cheap brokerage that took off in Australia, and is still one of the best.

Like Webull, it’s an app best suited for investors rather than traders.

It’s not for people who frequently buy in and out of positions to speculate on price movements.

Rather, it’s a platform for buy-and-hold investors looking to build medium to long-term equity portfolios.

Selfwealth’s simple brokerage fee structure is a breath of fresh air, while its mobile trading app is friendly, easy to use and intuitive.

Important!

Webull’s fees are still cheaper – until you invest significant amounts of money. Moreover, Webull waives all fees during your first 30 days on the platform. And it’s CHESS-sponsored.

✔ Simple flat fee structure
✔ Competitive AU/US$9.5 commissions
✔ Basic social trading features
✘ The 0.6% currency conversion fee isn’t immediately obvious
✘ Limited range of assets and no CFD trading

How The Selfwealth Stacks UpScore
Market Access3.5
Fees3.5
Ease Of Use5.0
Customer Service4.5
Research & Analysis4.5
OVERALL4.2

3. Interactive Brokers.

Most comprehensive discount broker in Australia.

Interactive Brokers is one of the most established discount stock brokers in the world.

Regulated in Australia by ASIC and known for its huge market access and low commissions, Interactive Brokers is a comprehensive multi-asset brokerage that gives you access to over 150 markets from a single trading account.

Unlike other cheap brokerages in this review, Interactive Brokers gives you access to stocks, forex, bonds, funds, indices, bonds and futures.

Pros.

Interactive Brokers is the Swiss Army knife of brokerages.

The platform gives you access to a mind-boggling range of assets, including 17,500 stocks, 46,000 mutual funds, hundreds of ETFs, 24 currencies and over 100 trading pairs.

If you want to buy an asset, you’ll almost certainly find it on Interactive Brokers.

This abundance of options can become a distraction, but knowing that your broker sells everything you might ever want is also a relief.

If you’ve ever discovered that you must open and maintain a separate trading account to buy a non-mainstream ETF, you’ll know exactly what I mean.

The Swiss Army knife analogy continues with Interactive Brokers’ comprehensive range of fundamental analysis reports.

You get Morningstar ratings, technical research tools, market commentaries, economic calendars and calculators.

Professional-grade reporting tools are equally outstanding.

Comprehensive fee summaries, trade logs and searchable portfolio performance reports give you a bird’s eye view of your trading strategy and provide opportunities to course-correct.

This avalanche of information can sometimes be overwhelming, and you must develop the skill of filtering it to pull out the most relevant insights.

But let’s talk about the most important feature – the discount broker’s rock-bottom pricing.

Important!

Zero monthly inactivity fees and low commissions make Interactive Brokers great for defensive buy-and-hold investors seeking to build diversified portfolios.

You get a choice of fixed and tiered pricing.

Mortals who buy $500-$10,000 worth of shares will pay 0.00088 x trade volume with a $6 minimum.

In practical terms, it means all trades up to about $7,000 will cost $6 per side. Beyond that, the volume calculation takes over:

  • A $20,000 trade will cost $17.60
  • A $50,000 trade will cost $44.00

You’ll get a 30% discount on these rates if your monthly trading volume exceeds $3m.

This fee structure makes Interactive Brokers more than twice as expensive as Webull. But let me emphasise that the real price difference amounts to just a few dollars here and there.

Important!

Unless you open and close your positions multiple times each month, it’s not a difference you will care a lot about.

Cons.

Let’s start with the worst news – Interactive Brokers’ user interface. It’s not great.

The company has done a lot to improve its usability in recent years, but it still looks like it belongs firmly in 2005.

While Webull and Selfwealth have clean, modern, easy-to-use interfaces that get out of your way, Interactive Brokers has a decidedly complicated, clunky vibe.

To be fair, the brokerage gives you a choice of four trading platforms – two aimed at beginners (IBKR Desktop and IBKR Global Trader) and the other two at professional traders (TWS and IBKR Mobile Trader).

The former two are definitely more user-friendly.

The clunky theme continues through to the fee structure.

Remember how I quoted the relatively cheap 0.008% brokerage fee earlier?

Well, it applies to stocks only. Each asset class on Interactive Brokers has a separate fee structure. You’ll need to become familiar with different rates for options, forex, futures and bonds.

  • Next, you’ll realise that these fees are split into a geo-location-specific sub-category. For example, indices in North America have a different price to indices in the APAC region.
  • Moreover, purchases of assets in APAC end Euro regions are more likely to trigger volume-based fees while purchases in US, Canada and Mexico will probably be done on a per-share basis.

Expert Tip.

I’m allergic to complexity. If you are too, Interactive Brokers may not be for you.

Overall.

Interactive Brokers is the most comprehensive low-cost brokerage in the world, and in Australia.

Unlike others on this list, it’s a true multi-asset trading platform, catering to beginner, intermediate and advanced investors seeking to build diversified multi-asset portfolios.

It’s not the cheapest brokerage on this list – but is the most powerful.

You can access a huge range of international and Australian stocks on 90+ global exchanges, including NASDAQ, NYSE, ASX, HKEX and LSE.

Its proprietary Trader Workstation (TWS) is an institutional-grade downloadable trading platform that gives you access to deep research and sophisticated fundamental and technical trading tools.

Meanwhile, IBKR Desktop is a new addition aimed at retail investors who want less complexity.

Leveraged trading is also within easy reach, allowing you to trade CFDs on most assets.

Despite attempts to strip out complexity, IB remains a complicated, clunky beast. Its cheap trading fees come at a price – your time.

✔ Unparalleled range of tradeable assets
✔ Low commissions that get cheaper with huge volumes
✔ Unbeatable range of trading tools for sophisticated investors
✘ Complicated and intimidating
✘ Clunky user interfaces

How Interactive Brokers Stacks UpScore
Market Access5.0
Fees4.5
Ease Of Use3.0
Customer Service4.0
Research & Analysis5.0
OVERALL4.3

4. Raiz.

Cheap Australian investing platform.

Micro-investing apps like Raiz allow you to earn interest on spare change that you would otherwise spend on alcohol and [insert your vice here].

Mine is 4WD spare parts.

They also reduce the timesuck that is picking stocks and building diversified portfolios.

You get a shortlist of pre-packaged portfolios with exposure to different sectors of the economy or particular asset classes.

Too good to be true?

Pros.

As a managed investment fund, Raiz gives you access to the share market with a minimum contribution of $5.

The pre-packaged portfolios mainly focus on ETFs that consist of Australian, Asian, US, European and UK big-cap stocks as well as Australian government bonds.

You can dial in the precise amount of risk you want, ranging from “Conservative” to “Aggressive”.

Safer portfolios will track more bonds and cash assets, while more risky ones will allocate more of your funds to international stocks.

Risk-seekers can choose even more aggressive portfolios that have exposure to crypto, while control freaks can tweak any portfolio to their needs.

What are the fees like?

Important!

The good news is that you don’t pay any sneaky deposit or withdrawal fees, and the fees you do pay are quite cheap. I’ll discuss the bad news in the Cons section below.

You can deposit money into Raiz using a predictable method (recurring or ad-hoc transfers using a bank account), but there’s a whimsical twist.

Because Raiz connects to your bank account, you can round up all your transactions and invest the difference. That $2.30 chocolate bar becomes a wealth creation vehicle, not a sugary snack.

Cons.

Raiz makes money by charging you a monthly management fee. You’ll pay $4.50/month for most scenarios or $5.50/month if you customise your portfolio.

Expert Tip.

This is a terrible deal if you don’t save regularly to increase your balance. If I maintain $100, for example, I’ll still pay $4.50 per month, losing half of my money within a year.

Once your balance exceeds $20,000, the fee switches to a percent-based commission of 0.275% per year.

A $30,000 fund will cost you $82.50 per year, then.

While Raiz is transparent about its brokerage fees, remember that ETFs are likely to charge their own fees, which will eat into your profits even more.

For example, the SPDR S&P/ASX 200 ETF (STW.ASX), which forms 43.60% of Raiz’s Moderately Aggressive portfolio, charges a 0.05% annual management fee.

Adjusted for this management cost, the total fee on a $30,000 investment is now $97.5. It’s not cheap, but also not the end of the world.

Whether this works for you depends on your financial habits.

Overall.

Raiz is a cheap investing platform (and the best micro-investing platform in Australia) because it doesn’t charge per-trade commissions while encouraging you to save your spare cash.

It’s a low-maintenance, cheap way to start investing in the stock market.

That said, Raiz does not fully replace all features of a bona fide stock brokerage.

I view it as a gamified saving tool. You put a few spare dollars in regularly for a few years and may discover you have enough funds for a “free” holiday.

Expert Tip.

Withdrawal of funds on Raiz takes 5 business days. This is painfully slow, but consider it a benefit – it will prevent you from withdrawing funds to make impulsive purchases.

✔ Invest your spare cash instead of blowing it
✔ Cheap-ish fees
✔ Round-up feature is innocent but effective
✘ Sub $1,000 balances likely to go backwards due to fees
✘ Limited control

How The Raiz Stacks UpScore
Market Access2.0
Fees4.0
Ease Of Use5.0
Customer Service4.5
Research & Analysis2.0
OVERALL3.5

5. moomoo.

Good cheap stock broker for trading US stocks.

Does Australia need another cheap brokerage? Apparently. Like Webull, moomoo offers US and Australian stocks and ETFs. HK stocks are also on the menu.

Unlike Webull, moomoo doesn’t offer US options or Chinese A-shares.

Expert Tip.

Fees on ASX shares are excellent, at $3 per trade or 0.03% of trade value, whichever is greater. A $10,000 buy order will $3 while a $30,000 order will set you back a very reasonable $9.

But there is a catch – your shares won’t be protected with CHESS sponsorship. Yep. There’s always a catch.

But if you want to stick with US shares only, moomoo is your best friend. A US$0.99 fee per trade is about as cheap as it gets.

You will pay a small markup on their currency conversion fee, but that’s standard across all brokers offering US shares.

✔ Yet another cheap broker
✔ Cheapest available commissions on US shares
✘ Narrow range of assets

6. Spaceship Voyager.

Good (but not very cheap) low-cost investing platform.

Like most micro-investing apps, Spaceship allows you to invest lump sums or create recurring deposits.

Rather than giving you access to global ETFs, Spaceship offers premade stock portfolios built by Spaceship analysts.

The mobile app is excellent. Easy to use and intuitive, it connects directly to your bank account for easy deposits and withdrawals.

The fee structure is OK. First, you pay a cheap monthly fee of $2. Second, you pay an additional management charge that ranges between 0.15% and 0.5% per annum, depending on your portfolio.

Important!

Even though Spaceship doesn’t charge any deposit or withdrawal fees, the management fees are not cheap. They will chew up $174 in fees annually on a $30,000 balance. I think Raiz offers a much cheaper rate.

✔ Yet another micro-investing app
✔ Invest directly in big-cap stocks rather than ETFs
✘ Raiz offers cheaper fees

7. CMC Markets.

Good multi-asset investment platform.

CMC Markets is not just an investing app.

It’s a powerhouse trading platform that offers a sophisticated suite of trading tools and access to shares, CFDs, forex, indices, treasuries, cryptocurrencies and commodities.

That’s over 12,000 tradeable instruments.

Pricing is competitive, although whether it’s good value depends on the asset class. Spreads on forex tend do be cheap, while spreads on commodities are less so.

CMC’s proprietary CMC Markets Invest trading platform strikes a good balance of sophistication and ease of use.

Meanwhile, the mobile app, appropriately named CMC Markets Invest Mobile, is merely OK. It won’t offend or scare you, but I’ve seen better.

✔ True multi-asset platform with access to a huge range of markets
✔ Trade shares and CFDs
✔ Suitable for beginners and advanced investors
✘ Unnecessarily complex for beginners

Frequently Asked Questions About Using Cheap Stock Trading Brokers.

I have been bombarded with questions since starting to cover the world of online trading. Here are my answers to the most common ones.

What’s The Best Way To Build A Diversified Investment Portfolio?

I’m not allowed to offer investing advice, but I’ll email you the names of educators I trust if you comment below.

Important!

Don’t listen to trading gurus on YouTube. They become gurus precisely because they fail to make money.

What would you do if you were making $10,000 per month in financial markets?

  • Become a YouTuber, showing others how to do it, hoping to make ad revenue and sell a course.
  • Double down on trading, hire staff to build a trading desk and scale your operation.

I hope that answers your question 🙂

Which Trading Platforms Have The Cheapest Brokerage Fees?

This is a complex question with no easy answers.

Yes, some platforms are cheaper than others. But one of the best ways to reduce fees is to improve your skillset (or change your mindset around investing).

For example, many people worry about withdrawal fees – because most brokers will give you a $5-$10 clip when moving funds back into your bank account.

If you’re paying withdrawal fees often, you’re likely thinking too short-term and taking chips off the table too often.

Advanced investors like Warren Buffet think in 5-10-year horizons. They rarely withdraw their capital.

You are the problem in this instance – not the fee.

Stock BrokerBrokerage FeeTradeable AssetsSignup Bonus?
Interactive Brokers0.00088 x trade volume with a $6 minimum for Australian equities (see IB website for US markets and other asset classes)Stocks and ETFs on Euro, US, UK, APAC exchanges, CFDs, forex, options, crypto, commodities, bondsNone
Webull0.0003 x trade value with a $4.9 minimum to trade on the ASX (see text above for US markets)Stocks and ETFs on APAC and US exchanges, US optionsUp to $200 of stocks
Raiz$4.5 or $5.5/month, then 0.275% on balances above $20,000Stocks and ETFsNone
Selfwealth$9.5 flat fee to trade on the ASX + minimal currency conversion fee (see text above)Stocks and ETFs on APAC, US and HK exchangesNone

What Are The Risks Of Using Cheap Mobile Trading Apps?

I don’t trade via mobile investing apps 100% of the time, as I’m more likely to make emotion-driven, FOMO-based decisions.

Yes, their convenience allows me to perform fundamental research (e.g., what’s their P/E ratio?) while validating my thoughts using technical analysis tools.

Do I Need An Investing App To Trade Stocks?

No. You can trade using a web-based desktop app. Most brokerages in Australia offer both.

Did you Know?

Advanced investors spend most of their days trading via Meta Trader 4 and Meta Trader 5 – very dated but powerful (only available via download to your desktop) trading platforms.

How To Choose The Cheapest Brokerage For Your Needs?

Cheaper isn’t always better. Don’t fall for the glitzy marketing. The brutal truth is that most cheap online brokers are commodities without many differentiators.

But they differ in small and important ways that can help you get ahead in the financial markets.

1. Market Access.

What do you plan to invest in? Remember that volatility and opportunity are two sides of the same coin. You need volatility to make money.

Some asset classes are very volatile (hello, crypto) while others are not so (looking at you, forex and ETFs).

Professional investors typically build diversified portfolios using multiple long and short positions across a number of classes.

They open “safer” positions as a hedge against riskier trades.

Important!

Multi-asset platforms like Interactive Brokers enable you to create sophisticated, diversified portfolios by giving you access to a huge range of markets. But this flexibility has a price – higher brokerage fees.

Meanwhile, simple, low-cost apps like Webull charge very low fees but offer exposure mainly to big-cap shares and ETFs in North American and APAc regions.

Net result?

Fewer opportunities to hedge.

2. Brokerage Fees.

Trading platforms make money through fees. They’ll get you in one way or another. The key is to choose a platform that suits your investing style.

I’ve already discussed how to reduce your trading fees above, but let me expand:

Important!

Zero-brokerage platforms usually mark up their currency conversion fees (e.g., eToro). They also charge above-market spreads on leveraged trades, hoping you place a few of those.

3. Ease Of Use.

The more clunky an app is, the less likely you are to use it. Test drive it using a demo account to ensure it’s intuitive, easy to navigate and bug-free.

Final Word On Choosing The Cheapest Stock Broker In Australia.

Cheap Australian brokerages offer plenty of opportunities to invest your spare change. Remember that, as with all things in life, perfect choices don’t exist – only trade-offs do.

Many guys spend months researching the best low-cost stock brokers, trying to find one with zero brokerage fees, a huge range of trading assets and a perfectly designed user interface.

This trading platform doesn’t exist.

Spend your time wisely. Focus on learning the basics of investing and building good money habits instead. Read the educational resources share trading apps offer, but don’t stop there.

They are not incentivised to help you trade well – because they make more money when you trade poorly.

Steven

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