Top Online Trading Platforms in Australia 2023<\/h2>\n\n\n\n
The top trading platforms Australia for 2023 according to our research are:<\/p>\n\n\n\n
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- eToro<\/strong> – Best Overall<\/li>\n\n\n\n
- Pepperstone<\/strong> – Best for Forex in Australia<\/li>\n\n\n\n
- Plus500<\/strong> – Great for CFD Trading<\/li>\n\n\n\n
- SwissQuote<\/strong> \u2013 Best for Specialized Services<\/li>\n\n\n\n
- SaxoBank<\/strong> \u2013 Best for Professionals <\/li>\n\n\n\n
- Questrade<\/strong> \u2013 Great for Low Stock Fees <\/li>\n\n\n\n
- CMC Markets<\/strong> \u2013 Good CFD Broker <\/li>\n<\/ol>\n\n\n\n
<\/div>\n\n\n\n\n\n\n![\"comparison](\"https:\/\/www.publicfinanceinternational.org\/wp-content\/uploads\/etoro-comparison.png\" "\\"\\"")
<\/figure>\n\n\n\nVisit eToro >><\/a><\/center>\n\n\n\n AFSL 491139. Capital at risk. See PDS<\/a> and TMD<\/a><\/p>\n\n<\/div><\/div><\/div>\n\n
\n\n1. eToro – Best Overall<\/h3>\n\n\n\n
eToro is the best trading platform for beginners in Australia. Their platform is intuitive and easy to use. Their copy trading functionality is the best in the industry.<\/p>\n\n\n\n
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- Regulated by: FCA, ASIC, CySec<\/li>\n\n\n\n
- Mobile app: iOS, Android<\/li>\n\n\n\n
- Demo account: Yes<\/li>\n\n\n\n
- Minimum deposit: $200<\/li>\n\n\n\n
- Assets available: CFD, Stocks, Forex, Crypto<\/li>\n<\/ul>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n\n\n
![\"Plus500](\"https:\/\/www.publicfinanceinternational.org\/wp-content\/uploads\/plus500-comparison.png\" "\\"\\"")
<\/figure>\n\n\n\nVisit Plus500 >><\/a><\/center>\n\n\n\n “CFD Service. Your capital is at risk.<\/em>“<\/p>\n\n<\/div><\/div><\/div>\n\n
\n\n2. Plus500 – Great for CFDs<\/h3>\n\n\n\n
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- Licensed by ASIC, FMA, FSCA<\/li>\n\n\n\n
- Mobile app: iOS, Android<\/li>\n\n\n\n
- Minimum trade: Varies<\/li>\n\n\n\n
- Demo account: Yes<\/li>\n\n\n\n
- Minimum deposit: $100<\/li>\n\n\n\n
- Assets available: CFDs on Stocks, Stock Index, Commodities, Sport Currency Pairs, Crypto<\/li>\n<\/ul>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n\n\n
![\"SwissQuote](\"https:\/\/www.publicfinanceinternational.org\/wp-content\/uploads\/2020\/05\/swissquote-logo.png\" "\\"\\"")
<\/figure>\n\n\n\nOpen Free Account<\/a><\/center>\n\n<\/div><\/div><\/div>\n\n \n\n3. Swissquote<\/h3>\n\n\n\n
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- Regulated by: FCA, FINMA, DFSA, SFC<\/li>\n\n\n\n
- Mobile app: Yes<\/li>\n\n\n\n
- Minimum trade: 0.01 lot<\/li>\n\n\n\n
- Demo account: Yes<\/li>\n\n\n\n
- Minimum deposit: $1000<\/li>\n\n\n\n
- Assets available: CFD, Forex, Indices, Commodities<\/li>\n<\/ul>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n\n\n
![\"Saxo](\"https:\/\/www.publicfinanceinternational.org\/wp-content\/uploads\/Saxo-Markets-Logo-small-150.png\" "\\"\\"")
<\/figure>\n\n<\/div><\/div><\/div>\n\n\n\n4. Saxo Markets – Best for Professional Traders<\/h3>\n\n\n\n
Saxo Bank<\/a> is registered and regulated in 15 financial jurisdictions around the world. Founded in 1998, Saxo Markets is a popular choice among professional traders. Backed by a bank it holds more than $17 billion in client's deposits from around the world.<\/p>\n\n\n\n
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- Regulated by: FSA, FCA, MAS, FINMA, ACPR<\/li>\n\n\n\n
- Mobile app: SaxoTraderGo<\/li>\n\n\n\n
- Minimum trade: Varies<\/li>\n\n\n\n
- Demo account: Yes<\/li>\n\n\n\n
- Minimum deposit: $10000<\/li>\n\n\n\n
- Assets available: CFD, Forex,Stocks, Crypto<\/li>\n<\/ul>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n\n\n
![\"Questrade\"](\"https:\/\/www.publicfinanceinternational.org\/wp-content\/uploads\/2020\/05\/questrade-logo.png\" "\\"\\"")
<\/figure>\n\n<\/div><\/div><\/div>\n\n\n\n5. Questrade<\/h3>\n\n\n\n
Questrade is a trading platform offering its services to Australian traders. Regulated by the Regulatory Organization of Canada (IROC), Questrade is a popular trader choice.<\/p>\n\n\n\n
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- Regulated by: IIROC<\/li>\n\n\n\n
- Mobile app: Yes<\/li>\n\n\n\n
- Minimum trade: 0.01 lot<\/li>\n\n\n\n
- Demo account: Yes<\/li>\n\n\n\n
- Minimum deposit: $1000<\/li>\n\n\n\n
- Assets available: Forex, CFD, precious metals,mutual bonds,options, warrants, GIC, ETF, Indices<\/li>\n<\/ul>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n\n\n
![\"CMC](\"https:\/\/www.publicfinanceinternational.org\/wp-content\/uploads\/CMC-markets-logo.png\" "\\"\\"")
<\/figure>\n\n<\/div><\/div><\/div>\n\n\n\n6. CMC Markets<\/h3>\n\n\n\n
CMC Market is a great online trading platform in Australia, offering regular financial instruments and products such as CFDs and spreadbetting. CMC markets is regulated by FCA<\/a> (Financial Conduct Authority) and considered a safe broker.<\/p>\n\n\n\n
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- Regulated by: ASIC, FCA, CySec<\/li>\n\n\n\n
- Mobile app: iOS, Android<\/li>\n\n\n\n
- Minimum trade: Varies<\/li>\n\n\n\n
- Demo account: Yes<\/li>\n\n\n\n
- Minimum deposit: $100<\/li>\n\n\n\n
- Assets available: CFDs on Stocks, Stock Index, Commodities, Sport Currency Pairs, Crypto<\/li>\n<\/ul>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n
Other Online Share Trading Platforms in Australia<\/h2>\n\n\n\n
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- Westpac<\/strong> \u2013 4.0 Stars \u2013 It is on the expensive side for Australians, but offers access to 30 international exchanges. Westpac offers the option for high-end research by Morningstar along with free reports, stock recommendations plus stock screener and great charting features.<\/li>\n\n\n\n
- CommSec<\/strong> \u2013 4.0 Stars \u2013 although their share trading fees are on the higher end, CommSec offers trading at 25 exchanges around the world. It is also one of the largest online brokers in AUS, offers great trading tools and market research.<\/li>\n<\/ul>\n\n\n\n
<\/div>\n\n\n\nThere are a many things you should consider before you decide which platform you go with. The quality of its customer support, what kind of shares you can buy, instruments you can trade, how much do you have to pay per trade, and which research tools are available are just a few. For example, if you want to trade Forex in Australia<\/a> you might want to pick a different broker than for CFD trading<\/a>.<\/p>\n\n\n\n
But before we dive into the specifics of the best<\/em> brokers we will be presenting in this roundup, let us provide you with some market data about online trading in Australia.<\/p>\n\n\n\n
The Australian Stock Exchange, known as ASX<\/a>, is the 12 largest in the world by market capitalization. It is an important puzzle piece in Australia\u2019s economic development. As a result, Australians have grown more interested in share trading over the years as a way to capitalize on the growth of the country\u2019s corporations.<\/p>\n\n\n\n
Information technologies have contributed to expand the scope and reach of share trading online within the country. Online trading platforms opened new markets that were inaccessible for less-experienced traders.<\/p>\n\n\n\n
Buy and sell shares of businesses around the world is easier than ever. Traders can take advantage of the increasing number of share trading platforms available. Choosing the right one for your needs and demands may be exhausting, considering the wide array of options.<\/p>\n\n\n\n
This guide intends to help you in your search for the right online broker in Australia by presenting you with the best<\/em> available.<\/p>\n\n\n\n
<\/div>\n\n\n\n1 – Plus500<\/h2>\n\n\n
\n\n\n\n<\/figure>\n\n<\/div><\/div><\/div>\n\n\n\nOur top pick for Australian traders is Plus500<\/a>. Plus500 is regulated and registered in Australia. This broker offers a wide variety of financial products through CFDs. The company is listed on the LSE (London Stock Exchange). Plus500 is regulated and our top recommended broker.<\/p>\n\n<\/div><\/div><\/div>\n<\/div>\n\n\n
Open Free Account<\/a><\/center>\n\n\n\n<\/div><\/div>\n\n\n What's best about Plus500?<\/h3>\n\n\n\n
Plus500 is regulated by top-tier financial authorities. For an added layer of security and peace of mind, their company discloses their financials and is listed on a stock exchange. Plus500 offers financial products via CFDs. <\/p>\n\n\n\n
What can you trade?<\/h3>\n\n\n\n
Plus500 offers the following financial assets:<\/p>\n\n\n\n
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- Stock CFDs<\/li>\n\n\n\n
- Stock Index CFDs<\/li>\n\n\n\n
- Commodity CFDs<\/li>\n\n\n\n
- ETF CFDs<\/li>\n\n\n\n
- Spot Currency Pairs<\/li>\n\n\n\n
- Cryptocurrency<\/li>\n<\/ul>\n\n\n\n
Fees & Commissions<\/h3>\n\n\n\n
Plus500 doesn't charge a commission or trading fees. The fees are built into the bid\/ask spread of the CFDs. Fees charged by Plus500 are low compared to its closest competitors. First 5 withdrawals per month are free, which is a plus for small trading accounts. There is a $10 inactivity fee per quarter for accounts that are inactive for 3 months. Plus500 charges overnight funding fees for holding positions overnight.<\/p>\n\n\n\n
Pros & Cons<\/h3>\n\n\n\n
- CommSec<\/strong> \u2013 4.0 Stars \u2013 although their share trading fees are on the higher end, CommSec offers trading at 25 exchanges around the world. It is also one of the largest online brokers in AUS, offers great trading tools and market research.<\/li>\n<\/ul>\n\n\n\n
- Westpac<\/strong> \u2013 4.0 Stars \u2013 It is on the expensive side for Australians, but offers access to 30 international exchanges. Westpac offers the option for high-end research by Morningstar along with free reports, stock recommendations plus stock screener and great charting features.<\/li>\n\n\n\n
- Pepperstone<\/strong> – Best for Forex in Australia<\/li>\n\n\n\n