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Best investment and stock trading apps in Australia (2023)

The 9 best investment apps in Australia have high user ratings, low fees and are user-friendly.

Best low-cost broker
Platform highlights:
  • Trade global stocks and ETFs from $0 brokerage
  • Practice with $20K of virtual funds
Best overall broker
Platform highlights:
  • Trade Australian and global stocks
  • Quality research and trading tools
Best for US stocks
Platform highlights:
  • Pay $0 trade fees on AU, US, Hong Kong and European stocks
  • Access the NASDAQ and S&P500
Best for day trading
Platform highlights:
  • Advanced technical tools
  • Low-cost US options trading

There are dozens of stock trading apps available for Australians to buy and sell shares, ETFs, digital currencies and more. Many of these platforms now offer mobile apps, making it easier than ever to place a trade from anywhere.

But finding the best trading app for you is about understanding what you want to trade, how often you intend to place a trade and what types of tools are most important.

To make it easier to compare, we've sourced a list of the 10 top trading apps in Australia and highlighted some of their best (and not-so-great) features.

Best Australian stock trading apps for 2023

Our best trading app methodology

We analysed 39 trading platforms that were available to Australians in 2023 to come up with the highest-rated investment apps. Finder's proprietary "best trading app" algorithm rates platforms by the following criteria:

  • Average user ratings on the App and Play Stores
  • Platform and brokerage fees
  • User-friendliness
  • Access to ASX and US markets
  • Live chat support
  • Average app sign-up time
  • Availability on iOS and Android devices
  • Biometric login option
  • Availability of PayID
  • Availability of advanced order types via the app
  • Access to company financial details via the app
  • App stock alerts

Only trading apps with more than 50 reviews in the App Store and Google Play stores were included in our list. For more information about how our algorithm works, head to our full methodology explainer.

1. eToro: Best trading app for US trades (Finder Award winner)

eToro logo
4/5 ★★★★★
Go to site Read review
Capital at risk
Copy trading
Social media forums
Demo account available
eToro's popular trading app is designed for both desktop and mobile (Android and iPhone). Its well-known for its copy trading feature where you can imitate the trades of top users or copy a portfolio of stocks selected by eToro. This year it won our best for US stocks category thanks to its low fees and great range of trading tools and research features.
  • Zero brokerage. There's no brokerage fee to trade ASX or global stocks.
  • Range of assets. Using the same account, you can trade stocks, derivatives, currencies and cryptocurrency.
  • Copy trading. You can copy the trades of top eToro traders as well as stock portfolios.
  • CFDs are risky. To access leverage, you're trading with CFDs, which are risky and complicated investment products.
Brokerage fee per trade:
AU stocks: $0
US stock: US$0
UK stocks: £0
Inactivity fee: USD 10 per month if you don't log in for 12 months or more
Currency conversion fee: 0.50% of trade value

2. CMC Markets Invest: Best app for ASX trades (Finder Award winner)

CMC Invest logo
5/5 ★★★★★
Go to site Read review
Capital at risk
$0 brokerage for global stocks
$0 brokerage on ASX buy orders
Sophisticated research tools
The CMC Markets' mobile app offers all the functionality of its desktop counterpart. You can buy and sell shares from your mobile using all order types, including conditional and linked orders. And you can view your current positions and order history, access market depth and up-to-date charts, and view your watchlists and portfolios.
  • $0 brokerage on global and ASX stocks. CMC charges no commissions to trade stocks listed in the US, the UK, Germany or Japan as well as 1 ASX stock trade per day of up to $1,000.
  • A wide range of order types. You can place, buy and sell orders as well as amend and cancel orders and use conditional and linked orders to manage your investments.
  • Information from the market and experts. Access to an extensive range of useful investment information to help you make the right trading decisions.
  • Customisable watchlists. It's easy to create and edit watchlists to monitor the performance of stocks.
  • Limited global markets. Only 4 global markets are commission-free to trade. Other global markets cost $59 per trade in brokerage.
Brokerage fees:
AU stocks: $0 brokerage (for buy orders up to $1,000) and $11 or 0.10% (whichever is greater) for all other buy and sell orders.
US stocks: US$0
UK stocks: £0

ETF brokerage fees:
AU ETFs: $0 brokerage for trades up to $1,000 (applied to the first buy order per ETF per day). $11 fee for trades up to $10,000. $15 fee for trades equal to or greater than $15,000.

ASX: $33/contract
US: Not available
Other markets available: Details here

Inactivity fee: $0

Currency conversion fee: 0.60% of trade value

3. IG: Best trading app for low-costs (Finder Award winner)

IG Share Trading logo
5/5 ★★★★★
Go to site Read review
Capital at risk
Practice with $20K virtual money
Access to educational content hub
Trade shares, forex & commodities
IG has a suite of trading apps designed to give you a solid mobile trading experience across a range of devices. There are separate apps optimised for use on iPhone, Android mobile, iPad, Android tablet and Windows tablet. IG is also rated our best low cost broker thanks to its low overall fees regardless of trade size, market or trade frequency.
  • It's free to download. The IG app is free to download and demo.
  • $0 brokerage global stocks. You pay $0 per trade commissions to trade globally.
  • It uses native designs. You can download a version of the app that has been specifically designed to suit your smartphone or tablet's operating system.
  • Not suitable for casual investors. The IG app is targeted more towards active traders than casual investors.
Brokerage fee per trade:
AU stocks: $5 or 0.05% if you make 3 or more trades in the previous month. $8 or 0.1% of your trade (whichever is higher)
US stocks: US$0
UK stocks: £0
Other markets available: Details here
Inactivity fee: if you make fewer than 3 trades during that time.
Currency conversion fee:
0.70% of trade value

4. Syfe: Best trading app for beginners

Syfe logo
N/A ★★★★★
Similar platforms Read review
Capital at risk
ASX and US stocks
Cryptocurrency investing
Portfolio investing
Syfe stands out among other trading apps because it offers ASX stocks, US stocks, cryptocurrencies and portfolio investing, all on the one app. While Syfe isn't the cheapest out there for either ASX or US trades, the fees are competitive and the app offers a solid all round experience for investors that favour simplicity.
  • Access ASX and US stocks
  • Low brokerage fees
  • Trade cryptocurrencies
  • Invest in ready-made portfolios
  • No global markets outside of the US
  • Limited trade tools
Brokerage fees:
AU stocks: $4.99 for trades up to $20,000 and 0.025% for trades over $20,000
US stocks: US$1.49

ETF brokerage fees:
AU ETFs: $4.99 for trades up to $20,000 and 0.025% for trades over $20,000
US ETFs: US$1.49

Inactivity fee: $0

Currency conversion fee: 60 bps of trade value

5. Douugh: For auto-investing on the go

Douugh logo
4/5 ★★★★★
Similar platforms
Capital at risk
Invest from $1
Auto-invest feature
$0 brokerage
Douugh took the crown for 2 Finder Awards in 2023 - best mobile trading app and best trading platform for beginners. Douugh stands out because it charges no brokerage fees, offers auto-investing and lets you invest from just $1. Plus, it got the highest average user rating (4.8 stars) on the App and Play Stores out of all 39 brokers we assessed.
  • $0 brokerage trades for US stocks
  • Auto-investing feature
  • Easy to use platform
  • High user rating
  • No minimum investment
  • No Australian stocks or ETFs
  • Limited features or tools
  • Monthly platform fee of $2.50
Brokerage fee per trade:
AU stocks: Not available
US stocks: $4.99/28 days with unlimited trades ($0 if you make no trades)
UK stocks: Not available
Inactivity fee: $0
Currency conversion fee: 0.99% of trade value

6. Stake: Cheapest for CHESS-sponsored stocks

Stake Share Trading logo
4/5 ★★★★★
Similar platforms Read review
Capital at risk
$3 brokerage fee per trade
No monthly fees for basic account
Buy and sell US stocks and ETFs
Entering the market in 2018, Stake was the first trading platform in Australia to offer $0 brokerage trading on US stocks. While that fee is now US$3 a trade, it remains one of Australia's most popular trading apps. More recently it launched ASX trades for $3 brokerage, making it Australia's cheapest broker for CHESS-Sponsored ASX stocks
  • $3 brokerage for ASX CHESS-sponsored stocks
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Brokerage fees:
AU stocks: $3
US stocks: US$3
Other markets: Details here

ETF brokerage fees:
AU ETFs: $3

Inactivity fee: $0

Currency conversion fee: 70 pips (US$0.70 for every AUD$100 exchanged)

7. Westpac Share Trading: Best rated app banking app

Westpac Online Investing Account logo
4/5 ★★★★★
Similar platforms Read review
Capital at risk
Trusted major bank
Global stocks
Research tools
The Westpac Online Investing app is designed for iPhone, iPad and Android users and is optimised for use on smartphones. The trading-specific app allows you to trade shares, warrants, exchange traded funds (ETFs) and exchange traded commodities (ETCs). You can use the app to create editable watchlists, view live quotes and news, view all your holdings and set up a wide range of customised alerts. It also has the highest app rating among any of the major bank affiliated brokers.
  • You can trade more than shares. In addition to shares, the app allows you to trade warrants, ETFs and ETCs.
  • You can access live data to make investment decisions. Westpac Online Investing's mobile app allows you to access live quotes, charts, company announcements and news.
  • There are customisable alerts. You can receive alerts for everything from price movements and market-sensitive announcements to dividend dates.
  • Not for Windows phones. The app cannot be accessed through a Windows phone.
Brokerage fee per trade:
AU stocks: $19.95 or 0.11% of trade value, whichever is greater
US stocks: US$19.95 for trades up to US$5,000; US$29.95 for trades up to US$10,000; 0.31% for trades above US$10,000
Other markets: Details here
Inactivity fee: $0
Currency conversion fee: 0.60% of trade value

8. Revolut: For gold and silver trading

Revolut logo
4/5 ★★★★★
Similar platforms
Capital at risk
Trade the US markets, commodities, and crypto for less
Incredibly low minimum deposits
3 free trades a month
Fintech specialist Revolut allows you to trade the US stock markets, metals and crypto for a low cost through its app. With incredibly low minimum deposits and 3 free trades a month before it starts charging brokerage, the app boasts some of the lowest costs around. The Revolut app .
  • First 3 trades are free, Cheap brokerage after that
  • You can invest in gold and silver
  • Easy to use app
  • Very limited trading tools
  • Lacks educational resources
  • No Australian stocks or ETFs
Brokerage fee per trade:
AU stocks: Not available
US stocks: $0 brokerage for the first 3 trades per month, after pay 0.25% of the trade value (minimum $1.99).
Inactivity fee: $0
Currency conversion fee: No fee (0%), up to AUD$2,000 per rolling 30-day period (excludes transactions outside of exchange market hours). A 0.5% high-frequency fee applies for exchanges above this level

9. nabtrade: For the 4% p.a. high-interest cash account

nabtrade logo
4/5 ★★★★★
Similar platforms Read review
Capital at risk
Free research facilities
Integrated banking features
Educational resources
nabtrade offers a host of research and educational tools to help traders stay ahead through their mobile devices. With a link to its banking product, nabtrade also makes it easier to move money from your investment account to an interest-earning cash account.
  • Strong research and educational tools
  • Earn interest on cash in a high-interest cash account
  • Invest in Australian and global shares
  • Not the cheapest broker around
  • Lacks some of the more advanced trading tools
Brokerage fee per trade:
AU stocks:
Trade size: Up to $1,000, brokerage (inc. GST) will be $9.95
Trade size: $1,000 to $5,000, brokerage (inc. GST) will be $14.95
Trade size: $5,000.01 to $20,000.00, brokerage (inc. GST) will be $19.95
Trade size: Over $20,000.00, brokerage (inc. GST) will be 0.11% of trade value
Trade size: Over the phone, brokerage (inc. GST) will be $59.95 or 0.55% of trade value (whichever is greater)
US stocks:
Online trading: 0.12% minimum US$19.80 – 0.08% minimum US$9.50
Offline trading 0.50% minimum US$60
US$29.95 for trades up to US$10,000; 0.31% for trades above US10,000
Other markets: Details here
Inactivity fee: $0
Currency conversion fee: No fee (0%)

10. Spaceship Voyager: Best investment app 2023 (Customer Satisfaction Awards)

Spaceship Voyager (Index Portfolio) logo
N/A ★★★★★
Similar platforms Read review
Capital at risk
$0 minimum investment
Auto-investment option
US and Australian stocks
Spaceship is a micro-investment app where you can invest in one of 3 high-growth stock portfolios of your choice. It’s Australia’s top investment app for 2023 as judged by customers in Finder’s Customer Satisfaction Awards where platforms are rated by performance, fees, customer service and user experience.
  • Invest from as little as a few cents
  • Set up automatic investments
  • Ethical investment option
  • Invest in high quality global growth companies
  • You can't buy individual stocks or ETFs
  • Monthly and management fees can quickly add up
  • No conservative portfolio option - all 3 are high growth
$2/month + a management fee of 0.15% or 0.50% depending on the portfolio you choose

How do trading apps work in Australia?

Stocks and exchange-traded funds (ETFs) are listed on various stock exchanges around the world. To buy stocks from these exchanges, you’ll need a stock broker to act on your behalf. This is where trading platforms come in.

Trading platforms and apps let you enter buy or sell orders of stocks, which are then executed by a broker.

It’s worth noting that stock brokers and trading platforms partner with different exchanges, so the types of stocks you’ll be able to trade depend on which platform you choose to go with.

Some trading platforms partner with just 1 or 2 exchanges such as Wall Street’s NYSE or NASDAQ, while others like Interactive Brokers connect you to dozens.

Here in Australia, we have the aptly named Australian Securities Exchange (ASX), but there are many others around the world, including the New York (NYSE) and London (LSE) stock exchanges.

In Australia, most trading apps let you trade Australian stocks on the ASX while others only offer US-listed stocks. There are also a few global trading apps that offer stocks listed in other markets and these include Interactive Brokers, CMC Markets and eToro.

How to find the best trading app for you

When it comes to choosing a trading app, there's no one best option that'll suit everyone's needs.

Instead, it's best to compare fees and features, choosing the app that aligns with your personal needs at the lowest price.

Here's what to consider when choosing a new trading app:

  • ASIC-regulated (see below)
  • User-friendliness
  • What investments do you want to trade: shares, ETFs or options
  • Where you want to trade: apps will only grant you access to specific markets, so keep where you want to trade in mind when choosing an app
  • Educational resources
  • Trading and other fees
  • Extras and rewards that the trading app provides
  • Minimum investment features
  • Whether your broker is CHESS sponsored (you can see a list of CHESS-sponsored brokers here)
  • Auto invest/round-up features

Investors should prioritise simplicity, security and cost-effectiveness when choosing a trading platform. This might involve researching a platform's user interface and security features, as well as its fees and commission structures.

Chris Brycki

Chris Brycki
Founder, Stockspot

ASIC-regulated trading apps

Before you do anything else, you'll want to make sure the trading app you are signing up to is regulated by The Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL).

Unfortunately, fake or scam trading platforms that can appear legitimate are a growing problem. According to consumer watchdog ACCC, Australians lost $1.5 billion to investment scams in 2022 alone.

The best measure you can take to protect yourself is to check the trading app you're signing up to has an AFSL number that is registered with ASIC. At Finder, we only feature AFSL licensees in our investment guides and comparison tables.

How beginners can choose trading apps

There's also no single best share trading platform for beginners. Instead, you could compare the following:

  • Low fees
  • Educational resources
  • Low minimum deposits
  • Fractional shares – although if you want to buy CHESS-sponsored shares, you won't be able to buy them in fractions
  • User-friendly features
  • Auto or micro-investing features
  • Copy trading

What fees do trading apps charge?

The cost of investing in stocks can be very different depending on which exchange the stocks are listed in. For example, stocks listed in Australia can be more expensive to trade than stocks listed in the United States, where greater competition has seen fees drop dramatically over the last few years.

Here are the main fees to look out for when buying and selling stocks through a trading app:

  • Brokerage (aka commission) fees: This is charged by the broker every time you place a buy or sell order and can range from 0% to 1% of your trade
  • Custody fees: Some brokers (typically in the US) charge an annual custody fee to hold stocks under your name
  • Currency conversion fee: If you are trading stocks listed in foreign currencies, you'll typically be charged a fee for converting your funds into the currency of the stock you wish to trade.
  • Inactivity fee: Some brokers charge a fee if your account has been inactive for a certain length of time.
  • Subscription fees: Some brokerage firms in Australia charge an account maintenance or subscription fee to access advanced features

There are many other types of fees you can be charged, such as an account closure fee, a money transfer fee and even a fee if you don’t place enough trades in any given month. Make sure to do your homework before signing up.

Compare other share trading apps

1 - 6 of 6
Name Product Price per trade Inactivity fee Asset class International
Finder AwardExclusive
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
CFD service. Capital at risk.
Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply).
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
CMC Invest
Finder Award
CMC Invest
ASX shares, Global shares, Options trading, US shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 35,000 products, including shares, crypto, ETFs and managed funds, with access to 15 major global and Australian stock exchanges. Plus, buy Aussie shares for $0 brokerage up to $1,000. (Limited to one buy order per stock per trading day).
Moomoo Share Trading
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get an additional 30 days on top of the regular brokerage-free period for new accounts (see link for details). T&Cs apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 18 million investors.
Tiger Brokers
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get 15 commission-free trades on US or ASX equities for the first 180 days and US$50 fractional shares when you deposit at least US$500. Plus, all new customers get 1 free trade per month for the first 12 months (T&Cs apply).
Get one brokerage-free trade per month for the first 12 months for US or ASX markets. T&Cs apply.
ASX shares, Options trading, US shares, ETFs
Earn US$100 in cash vouchers when you fund your new account with US$2,000 until March 30, 2024. Plus, earn up to 5.3% p.a. interest on your US cash account (T&Cs apply).
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
IG Share Trading
Finder Award
IG Share Trading
ASX shares, Global shares, US shares, UK shares, ETFs
$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 and international shares, plus get access to 24-hour customer support.

Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

1 - 10 of 10
Name Product Fees Minimum Investment Investment product Number of Portfolios
InvestSMART Robo Advice
From $55 /year
Super Obvious
Managed Fund
From $7 per month
Stocks, bonds, cash, ETFs
Bloom Impact
Shares, ETFs
Raiz Invest
From $4.50 /month
Invest in Australian and international stocks, fixed income/bonds and cash.
Spaceship Voyager (Universe Portfolio)
From $0 /year
AU & Global Shares, Cash
Invest in Australian shares, global shares and cash markets.
From $5.50 /month
From $0 /year
Spaceship Voyager (Origin Portfolio)
From $0 /year
AU & Global Shares, Cash
From $2/Month
Shares, ETFs, Managed Funds

Share trading platform news: December 2023

  • ETF provider Betashares has launched a $0 brokerage investment platform that lets you buy units in individual ASX-listed ETFs or auto-invest into ETF portfolios.
  • The criminal trial against Sam Bankman-Fried (SBF), the founder of disgraced crypto exchange FTX, starts in the first week of October. SBF is alleged to have defrauded customer funds for his own use in business operations and political donations.
  • Interactive Brokers Australia has been slapped with an $832,500 fine by ASIC for failing to identify suspicious trading activity by one of its clients.
  • Sharesies has introduced a new monthly fee structure of $5, $10 or $20 per month for unlimited trades up to a certain amount. Alternatively, you can still pay as you go.
  • CommSec has launched a new global trading platform that lowers its fees for US stocks to US$5 per trade.
  • Tiger Brokers has launched an AI-powered chat bot called TigerGPT. While the feature is still in beta mode, Tiger says the AI bot will be able to access live stock data and subscription-only investment data.

Why you can trust Finder's share trading experts


We're free

Our comparison tables are completely free to use. We link you directly to the brokers' secure application page. On a regular basis, we update the fees and conditions of all share trading platforms in our database.
expert advice

We're experts

We've researched and rated 40+ trading platforms and brokers as part of our Finder Awards. We've published 100+ guides, and our in-house experts regularly appear on Sunrise, 7News, and SBS News.

We're independent

Unlike other comparison sites, we're not owned by a bank, insurer, or broker. That means our opinions are our own, and you can compare nearly every share trading platform and broker in Australia on Finder.

We're here to help

Since 2016, we've helped over 300,000 Australians find the right stockbroking account by comparing fees and account features. We'll never ask for your personal information. We're here to help you make a decision.

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2 Responses

    Default Gravatar
    RodMarch 6, 2018

    Which app is the best for trading shares in Australia? What app lets me choose my own bank to withdraw funds from and cheaper broker fee?

      RonMarch 9, 2018Finder

      Hello Rod,

      Please note that we are unable to suggest personalized recommendation as to which trading share app is the best for you as each app has their own functionalities and each user has their own preferences. You may read forums and reviews instead on the most helpful trade sharing app people have been using.

      Our page discusses a comprehensive guide you may refer to in choosing a share trading app and it also has some reviews on the available mobile trading apps you can choose from. Kindly go through this page to review the pros and cons of some apps.

      — CommSec app
      — nabtrade IRESS mobile
      — Westpac Online Investing
      — CMC Markets Stockbroking Mobile Platform
      — Bell Direct Mobile App
      — IG trading app
      — HSBC Online Share Trading

      Additionally, you may check the reviews on play store or app store for each app to see their users’ feedback.

      Hope this helps!

      All the best,


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