Australia's best share trading platforms (2021) | Finder

The best share trading platforms of 2021

We compared the fees, trading tools and features to find 11 of the best online brokers in Australia.

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Must read: Looking for the best share trading platform?

There's no single share trading platform that's best for everyone as all our needs are different - and what's best for you might not be best for someone else. Keep in mind that we don't compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the best share trading platform for you.

Are you looking for the best online brokers in Australia? With activity in the stock market surging last year, there are now dozens of share trading apps to choose from in Australia in 2021 offering record low prices.

But picking a share trading platform is about more than just the fees. The best platform for you will depend on how often you trade, which markets you're investing in and how experienced you are.

To make it easier on you, we've compared some of Australia's top share trading platforms by looking at fees, features and available products. To get the best results, we compared 39 different features, including fees structures, support options, trading tools and range of markets.

Best share trading platforms in Australia

These are the 10 best trading platforms of 2021 according to the latest information (last updated March 2021).

  1. Best for cheap broker fees: IG
  2. Best overall broker: CMC Markets
  3. Best for US stocks: eToro
  4. Best for long-term investing: SelfWealth
  5. Best for ETFs: Superhero
  6. Best for beginners (ASX stocks): ThinkMarkets
  7. Best for beginners (US stocks): Stake
  8. Best for active traders: Interactive Brokers
  9. Best for ASX shares: CommSec
  10. Best for international shares: CMC Markets
  11. Best for penny stocks: Interactive Brokers

How did we pick this list?

We use a proprietary algorithm that calculates the ranking of our share trading platforms based on fees, features, available markets and user experience. Bear in mind that the brokers displayed on this page may not always be the best for you and you're encouraged to compare for yourself. For more information about how we calculated our categories, head to our share trading ranking page.

1. IG Share Trading

Best for cheap broker fees

IG Share Trading
  • $0 brokerage fees for global shares
  • Lowest ASX broker fees for active traders
  • Wide range of markets available including Australian and global stocks

IG set a new standard for low fees in 2020 when it released $0 commission trading on global stocks and $5 brokerage on Australian shares. This update means IG now offers the lowest commission fees among brokers offering ASX and global stocks, but this is especially the case for high-frequency trading. For 30 trades of ASX shares a year, you pay just $150 in broker fees – most brokers we reviewed charge double this amount or more.

Compare popular share trading platforms

2. CMC Markets Stockbroking

Best overall broker

CMC Markets Stockbroking
  • $0 Brokerage on global shares
  • Trade shares and ETFs
  • Stocks from 15 global markets
  • Access managed funds (mFunds)

CMC Markets offers an extensive range of features and options to suit all traders, including CHESS-sponsored Australian shares, global shares and currencies. You also get a range of trading tools including advanced charts, stock watchlists and conditional orders.

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3. eToro Share Trading (US stocks)

Best for US stocks

eToro Share Trading (US stocks)
  • Zero broker fees for US stocks
  • Fractional shares
  • Copy trading feature
  • Easy for beginners

eToro is well known for its social features that allow users to learn from each other and to imitate the trades made by successful traders. The platform launched US share trading in Australia in June 2020. It's a top choice for US stocks thanks to having zero brokerage fees, a low currency conversion rate and a range of trading features such as news updates and charting tools.

Disclaimer: eToro offers both stock and CFD trading. CFDs are considered high-risk products where you could lose more than your initial capital.

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4. SelfWealth Share Trading (Basic account)

Best for long-term investors

SelfWealth Share Trading (Basic account)
  • No inactivity fee
  • $9.50 flat brokerage
  • Easy to pick up for beginners
  • Access ASX CHESS-sponsored and US shares

With no monthly subscription or inactivity fees for the standard account, SelfWealth customers can buy and sell Australian (CHESS sponsored) and US shares for a flat $9.50 fee without worrying about ongoing costs. SelfWealth also offers excellent research features, such as a portfolio tracking tools, stock recommendations and company analysis.

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5. Superhero share trading

Best for ETFs

Superhero share trading
  • $0 brokerage on ASX-listed ETFs
  • No ongoing monthly or inactivity fees
  • Easy-to-use platform
  • $5 brokerage for Australian shares

Superhero made waves when it launched onto the Australian scene last year thanks to its super low brokerage fees and easy to use design. The platform charges no brokerage fees when you invest in Australian-listed ETFs and a flat $5 brokerage fee for Australian stocks. Because it also has no ongoing fees, this makes it a top pick for long-term and ETF investing.

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6. ThinkMarkets Share Trading

Best for beginners (Australian shares)

ThinkMarkets Share Trading
  • $No monthly or inactivity fee for the basic account
  • Easy-to-use platform
  • Low brokerage costs
  • Available on mobile

ThinkMarkets' ASX mobile trading app is simple enough for beginners to get started, while also offering a range of useful features, such as company announcements, watchlists, alerts, portfolio tracking and limit orders. And if you're looking to get trained up, ThinkMarkets offers online classes and 'how-to' guides on stocks, currencies and commodities trading.

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7. Stake (US stocks)

Best for beginners (US stocks)

Stake (US stocks)
  • $0 brokerage on all US stocks
  • No monthly or inactivity fee for the basic account
  • Easy-to-use platform
  • Offers fractional investing

Stake is a great choice for total beginners thanks to its easy-to-use platform, low fees and low minimal investing. With Stake, you can only trade US stocks, but it's a nice starter for new traders because you pay $0 commissions on trades and you can invest as little as $10 at a time through fractional investing. The platform has a minimal, stylish design that will appeal to new and old traders.

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8. Interactive Brokers Australia

Best for active traders

Interactive Brokers Australia
  • Cheap broker fees
  • Long list of global markets
  • Advanced trading features
  • OTC stock trading available

Interactive Brokers has an extensive range of trading tools for active traders, such as advanced charting, fractional shares and a long list of conditional order options. Its brokerage fees are among the lowest on the market for Australian and global share trading, especially for high-frequency traders, and users can also trade OTC stocks.

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9. CommSec Share Trading Account

Best for ASX shares

CommSec Share Trading Account
  • No inactivity fee
  • Offers managed funds
  • Feature rich
  • Access Australian IPOs
  • Buy CHESS-sponsored shares

Commbank's share trading app is Australia's most popular platform for a few good reasons. CommSec offers Australian CHESS-sponsored shares and ETFs starting at $10 a trade and it has no ongoing subscription or inactivity fees. It's not the cheapest broker on the market but it is feature rich when it comes to Australian stocks. Tools include broker analysis, watchlists, IPOs, stock filters and a long list of conditional (limit) orders.

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10. CMC Markets Stockbroking

Best for international shares

CMC Markets Stockbroking
  • $0 brokerage fees for global stocks
  • Low currency conversion fee
  • Feature rich platform
  • Trade global and ASX shares

CMC Markets is ranked number 1 for international share trading thanks to its $0 brokerage global stock offering and feature rich platform. You can access up to 15 global markets, including the US, UK, Canada and Japan as well as Australia's ASX and Chi-X.

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11. Interactive Brokers Australia

Best for penny stocks

Interactive Brokers Australia
  • Stocks from 33 countries
  • OTC stock trading
  • Fractional investing
  • Conditional orders

Interactive Brokers is one of the few online brokers to offer over the counter (OTC) stock trading here in Australia. IB also features advanced trading tools, global share trading and an extensive list of conditional order types.

Compare popular share trading platforms

Compare share trading platforms
Data updated regularly
Name Product Standard brokerage fee Inactivity fee Markets International
eToro Share Trading (US stocks)
US$10 per month if there’s been no login for 12 months
US shares
Zero brokerage share trading on US stocks with trades as low as $50.
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
Superhero share trading
ASX shares, ETFs
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
Bell Direct Share Trading
ASX shares, mFunds, ETFs
Exclusive: New customers who open an account with Bell Direct through Finder will pay no brokerage fees on the first five stock or ETF trades until April 30, 2021 (T&Cs apply).
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
IG Share Trading
Finder Award
IG Share Trading
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
CMC Markets Stockbroking
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.

Compare up to 4 providers

Important: Share trading can be financially risky and the value of your investment can go down as well as up. “Standard brokerage” fee is the cost to trade $1,000 or less of ASX-listed shares and ETFs without any qualifications or special eligibility. If ASX shares aren’t available, the fee shown is for US shares. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

How to pick the best online broker

With dozens of share trading platforms in Australia, it's not easy to work out which one is best suited to you.

The best app for beginners is going to be very different to a platform that suits active or professional traders. Meanwhile, somebody that wants to invest in Australian shares and ETFs may have no interest in currencies trading or international markets.

The fees can also change depending on how often you trade in a month, a quarter or a year. In fact, recent Finder research found that the average share trader could save approximately $1,048 in brokerage fees a year by switching to a more suitable broker (calculated on 7 trades per month of $1,000).

It may even save money to have more than one platform. For example, you could have one app to trade US stocks, one for ASX shares and another for currency markets.

What’s your trading style?

There are many different kinds of share traders. Once you know which category you fall into, you’ll be able to more easily pick the best share trading app for you. For example, there are casual traders, active traders and long-term investors.

This will influence the features you're looking for in an online broker. From the ease of use of the system through to the market research information available, it's important that the platform complements your trading needs.

Ask yourself the following questions to determine your trading style:

How often will I trade? If you buy or sell shares once or twice a month (or even less), you’re a casual investor. You may want to avoid brokers that have an inactivity fee or charge higher broker fees for less frequent trades.

If you intend to buy and sell shares multiple times in a day, you’re an active trader. You’d want to look for platforms that offer low brokerage for high-frequency trading and an extensive range of trading features, such as charting tools and order options.

Am I a trader or an investor? Traders try to make money from share price movements by buying and selling stocks frequently – often several times in a day or week.

Investors use the "buy and hold" strategy by targeting quality companies they think will rise over a long time-frame and possibly offer dividends. They may only buy and sell a few times in a year. Investors may find the inactivity fee more important than a stock analysis feature.

For traders, a low brokerage fee and advanced features are key. They might find the stock analysis feature more important than an inactivity fee.

How will I place trades? Will you be placing all your trades online, via a mobile app or over the phone? Make sure the app offers your preferred choice and check the fees.

What will I be trading? Do you want to trade Australian shares, US shares or other international markets? Some online brokers also offer other markets such as global currencies and cryptocurrencies. Depending on what your priorities are, you may wish to get a broker that offers all of the above or several different brokers– one for each market.

How much money am I trading? Do you intend to invest one lump sum of $5,000 into the stock market or would you prefer to make several small trades of a few hundred dollars? Brokerage fees sometimes differ depending on the amount you’re buying and selling per month, per year or by trade.

How to compare online brokers

There are plenty of things you'll need to consider when looking at different platforms. Of course, it all comes down to how you're intending to use it.

Here are some of the key features to look at when comparing online share trading platforms:

  • The broker fees. Almost every online trading platform will charge you a brokerage fee (also called a commission fee) when you buy or sell shares, ranging from around $10 to $30 per trade. These fees may be calculated as a percentage of the transaction amount for larger trades and may also be lower depending on how frequently you trade.
  • Monthly fees. Some providers charge ongoing subscription or inactivity fees where you’re charged if you make too few trades. This will especially be the case where a platform offers an extensive range of features for advanced traders.
  • What can you trade? Some trading platforms will not only give you access to Australian shares but also international shares. Others will also allow you to trade currencies, indices, cryptocurrencies and much more, so look for this functionality if it's important to you.
  • Ease of use. Share market trading can be complicated and often requires you to respond quickly to market changes. With this in mind, look for a platform that allows you to make fast and precise trades with minimum fuss.
  • Access to market data. Does the platform offer dynamic, real-time or delayed market updates? Some platforms offer research and broker analysis on individual stocks that can come in handy.
  • Order types. Consider the options available when you're buying or selling shares. Can you place orders at market and/or at limit and are other order types such as stop/loss orders an option to add more flexibility to your trading?
  • Reporting. Check what reporting tools each platform offers to help you track how your trades are performing, record dividends and pass on any relevant information to the ATO at tax time.
  • Customer support. Look for phone, email and live online chat support. Do they offer customer service 24/7 if you're having trouble placing a trade?
  • Education. Some platforms also feature a range of educational tools and resources, such as how-to guides and webinars, to help you get more out of your trading account.
  • Security. How secure is the platform and what measures are in place to ensure the safety of your funds?

What fees will I pay to trade shares?

There are three main fees that commonly apply when you use online share trading platforms – brokerage fees, monthly fees and foreign exchange fees if you trade global shares.

Brokerage fees vary greatly between providers but typically start at around the $10 to $20 range. For large transactions, fees of around 0.1% and up usually apply. If you’re planning on making lots of trades, you’ll want to keep an eye out for a platform that offers low per-trade fees.

Some providers will not charge any monthly fees at all. However, more advanced trading platforms and those that offer premium services will often charge a monthly fee that could be as high as around $80 per month. A number of brokers will waive this fee if you perform more than a certain number of trades each month.

Finally, remember that many brokers offer different membership levels – for example gold, silver and platinum – which offer different features and therefore attract varying fees.

  • Brokerage fees. Brokerage fees (also called commission fees) are the charges that apply to each buy and sell transaction of stocks and ETFs, and they usually vary depending on the size of your buy or sell order or how often you trade.
  • Ongoing fees. These apply monthly or annually, but not all providers will charge ongoing fees. This may depend on how frequently you trade, for example, inactivity fees are often charged if you don't place any trades within a certain period of time.
  • Withdrawal fees. Some brokers charge a fee to withdraw money from your account.
  • Foreign exchange fees. If you want to buy US or other global shares, you'll need to pay an exchange fee when you deposit money into your account to convert your Australian dollars to the applicable currency.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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15 Responses

    Default Gravatar
    jackJanuary 29, 2019

    Which trading platform has the best tax reporting for the ato?

      Avatarfinder Customer Care
      JohnJanuary 30, 2019Staff

      Hi Jack,

      Thank you for reaching out to finder.

      Though we do not have information on the best tax reporting for these companies to the ATO, you may want to contact the ATO directly to check on the statistics for this. They should have available historical data on these companies available for you. Hope this helps!


    Default Gravatar
    KarenFebruary 9, 2018

    I’d like to buy shares online myself, I’ll be a casual investing in semi longterm shares, looking for a $20 to $50 share minimum purchase. I’m hoping that’s possible, I’m mid 50’s an hoping to add a little extra for retirement, any advice would be muchly appreciated, cheers

      Avatarfinder Customer Care
      MayMarch 2, 2018Staff

      Hi Karen,

      Thanks for your inquiry.

      Going into share trading is one of the good ways to grow your money. With share trading, please note that the minimum order when buying shares on the ASX is $500 and your online trading platform may require a higher limit. We have some guides on the following pages which could help you in your journey to share trading:

      1. Beginner guide to share trading
      2. Opening a share trading account
      3. Compare online share trading accounts

      Hope this helps.


    Default Gravatar
    AllanMay 24, 2017

    I’m looking for a discount broker for trading Australian shares that provides data reports, particularly for end of f/y
    Cheers, Allan

      Avatarfinder Customer Care
      DeeMay 25, 2017Staff

      Hi Allan,

      Thanks for your question.

      You may want to check our page that discusses cheap stock brokerage in Australia. By checking that comparison table on that page, you should learn which share trading platform has the lowest brokerage fee. Most of them provide daily and yearly data reports.

      Should you have further questions, please don’t hesitate to reach us out again.


    Default Gravatar
    DrMay 9, 2017

    I have shares in the UK, but with an Australian address it is hard (impossible) to find a UK agent to help with their sale. What is the best Australian option for a single trade (sell)?

      Default Gravatar
      ianOctober 9, 2017

      My suggestion is that you do an off market transfer with a third party who is willing to buy the shares from you and arrange private cash settlement.

      Avatarfinder Customer Care
      HaroldMay 11, 2017Staff

      Hi Rich,

      Thank you for your inquiry.

      Unfortunately, we cannot recommend what is best for you. Our company is a financial comparison website and general information service designed to help consumers to make better decision. Please note we do not represent any company we feature on our pages.

      Thankfully, you can always check the list of online share trading platforms on our website. This should give you a good place to start searching for the right platform.

      I hope this helps.


    Default Gravatar
    BenJanuary 20, 2017

    I noticed that amscot Stockbroking is not on the comparison list.

      Avatarfinder Customer Care
      MayJanuary 26, 2017Staff

      Hi Ben,

      Thanks for your question.

      Although we cover a wide range of products, providers and services, we don’t cover every product, provider or service available in the market so there may be other options available to you. However, you can find more information about the amscot Stockbroking through our website.


    Default Gravatar
    LeeAugust 23, 2016

    I am delighted to read this analysis. Hope to see the competition on going and interesting in future. I recently was going through some trading applications and found Forex Signals to be really successful and dependable. It helped me increase my profits in comparison to previous one.

      Avatarfinder Customer Care
      ClarizzaAugust 24, 2016Staff

      Hi Lee,

      Thanks very much for your feedback and for your suggestion. We’re always adding to our content so keep eye out for new content from us.


    Default Gravatar
    RichardMay 30, 2016

    Hi there I think I will have to take my iPad to fountain gate plaza to have it looked at the 500pluse app is getting rejected by my I as a last resort I will get my iPad Looked at in the Apple Store at fountain gate if nothing else can be done by me!

      Avatarfinder Customer Care
      ShirleyMay 31, 2016Staff

      Hi Richard,

      Thanks for your question.

      If you are having issues logging into your Plus 500 account, please contact Plus 500 directly.

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