Best Overall Platform (2023): CMC Markets Invest
CMC Markets Invest is our 2023 champion because it offers the whole package. Along with a top-tier user interface, it has powerful trading and research tools and an impressive range of available assets. CMC has nailed the balancing act between sophisticated functionality while keeping fees low, giving users a first-class trading experience.
Highly commended
Interactive Brokers was our runner-up for this year’s best overall platform. It delivers on several fronts, offering a range of platform options suitable for beginners through to advanced traders. It scored especially well for its long list of available global markets and high quality trading tools.
eToro was a top contender for the best overall platform award this year thanks to its very low fees, extensive asset library and its unique mix of trading features. eToro also stands out for its educational resources and research tools.
Best for Global Stocks: Interactive Brokers
Interactive Brokers takes the crown for global stock trading thanks to its impressive range of international markets, competitive rates and advanced trading tools. Alongside ASX and US stocks, you can trade dozens of markets including European, Asian and Middle-Eastern stocks.
Highly commendedeToro comes highly commended with a smorgasbord of global stocks on a platform that's easy to use. Its low fees and social trading feature takes things up a notch, making eToro an undeniably worthy adversary in the global stocks arena.
CMC nabs a highly commended title for its array of global stocks and competitive pricing. It's not just about the breadth of their offerings, but also the quality of their platform. It's reliable, easy to navigate, and simplifies global trading, cementing CMC as a global stocks powerhouse.
Best for Australian Equities: CMC Markets InvestCMC Markets shows its strength in the Australian equities scene. With comprehensive domestic market access, robust research capabilities and advanced trading tools, CMC Markets offers a first-class Australian trading experience that's hard to beat. CMC also gets a shout-out as one of the first brokers in Australia to offer $0 brokerage trades for ASX stocks and ETFs.
Highly commended
Stake comes highly commended for Australian Equities by offering the lowest fees in the market for ASX CHESS-sponsored stocks. It's all about simplicity and low-cost access to Australian equities, securing Stake a top spot in this category.
Having only launched Australian stocks in 2023, eToro already comes highly commended. The platform pairs a user-friendly trading experience with an impressive range of trading tools and low fees on Aussie stocks. eToro gets extra points for being the first platform to offer unconditional $0 brokerage trades on Australian equities.
Best for Active Traders: Interactive BrokersInteractive Brokers takes the crown for Active Traders. Offering speedy executions, razor-sharp analytics and an advanced platform, they feature all the tools a seasoned trader needs. An undeniably superb choice for those who are always in the fast lane of trading.
Highly commended
Tiger Brokers earns its stripes in this category by providing a comprehensive suite for active traders. The platform combines in-depth analytics with low-fee stock and options trades. It’s also one of the only platforms out there to offer OTC stocks.
CMC proves its mettle again, achieving a commendation for Active Traders. The platform's access to margin products, range of assets and intuitive design work together to create a platform that's efficient and effective. In short, it's a top pick for traders on the go.
Best for Long Term Investing: Superhero
Superhero is our winner for Long Term Investing. With a user-friendly interface, auto investing features and $0 brokerage offering for ETFs, Superhero makes long term investment strategies a breeze. It's the hero every long term investor needs.
Highly commendedCMC scores again, being highly commended for Long Term Investing. The platform’s $0 brokerage offering for small trades, research tools and equity filters make it a reliable companion for investors planning for the long haul.
Stake grabs another commendation, this time for Long Term Investing. Its commitment to simplicity and cost-effectiveness makes it an attractive option for those looking to invest for the long haul.
Best for Beginners: Douugh
Douugh is our winner for new and casual investors. Offering an intuitive platform that demystifies the trading process, Douugh makes entry into the world of share trading as easy as pie. With user-friendly tools such as auto-investing, ready-made portfolios and low costs, Douugh is our top pick for beginners.
Highly commendedSuperhero lands another commendation, this time for our beginners category. Its user-friendly platform, straightforward fee structure and auto-invest feature make it a safe bet for those taking their first trading steps.
Pearler shines in the beginners category with its simplicity and educational resources. This platform isn't just about getting started, it's about learning and growing as an investor. Pearler's commitment to educating new traders and its beginner-friendly auto-invest and micro-investment tools makes it a stand out.
Best for US Stocks: eToroeToro is our winner for US Stocks thanks to its low fees and feature rich offering. With its user-friendly platform, demo account and social trading tools, eToro transforms US stocks trading into an engaging, accessible experience. They've made a complex market simple to navigate, proving they're top of the pile for US stocks.
Highly commendedCMC earns a commendation for US stocks because it offers an expansive US portfolio, great research tools and competitive pricing. CMC's ability to streamline US trading at a low price point makes it a standout in this category.
IG receives a commendation with its low-cost entry into US markets. Coupling this with a versatile trading platform and extensive educational resources, IG is a strong contender for those eyeing the US markets.
Best Mobile App: DouughDouugh is awarded our best mobile trading app award. With its intuitive design, low costs and user-friendly features, Douugh's mobile app makes trading a breeze, even on-the-go. Of particular note, Douugh achieved one of the highest scores among our rated platforms for customer app reviews.
Highly commendedCMC strikes again, earning a high commendation for their mobile app. Its high customer review app rating, user-friendly design and wealth of features provide a high-quality trading experience, right in the palm of your hand.
Stake's mobile delivers a sleek, easy-to-use interface coupled with low fees and all the essential trading tools you'll need on the move. It's an efficient and reliable option for those who prefer trading at their fingertips.
Low Costs: IG
IG is our best low cost broker, providing affordable access to a multitude of markets. With its competitive pricing structure for Australian and global equities, high customer ratings and a comprehensive trading platform, IG makes cost-effective trading a reality.
Highly commendedeToro achieves a commendation thanks to their low-cost structure, offering $0 brokerage for Australian and global stocks. Coupled with their user-friendly platform and extensive offerings, eToro proves that trading doesn't have to break the bank.
CMC Markets bags a commendation for their cost-effective approach to investing. Their competitive pricing, alongside a comprehensive platform and wide-ranging assets, makes it a pocket-friendly choice for traders. Of particular note is their $0 brokerage offering for Australian stocks and ETFs.
Best ETF Broker: CMC Markets InvestCMC Markets Invest is the winner of our best ETF broker award. Offering a vast range of ASX and global ETFs coupled with powerful ETF research tools and filters, CMC Markets Invest has all the essentials for any ETF trader.
Highly commendedPearler earns a commendation with its focused approach to ETFs. Combining easy-to-use features, comprehensive ETF offerings and $0 brokerage ETF trades, Pearler is a strong player in the ETF field. Pearler is also notable thanks to its low-cost auto-invest feature into ETFs and ETF portfolios.
Superhero swoops in for another commendation, this time for ETFs. With a solid array of ETFs and features that make ETF investing easy to understand, Superhero proves it's got what it takes to be a top ETF broker. Superhero also stands out as one of Australia’s first brokers to offer $0 brokerage ETF trades.
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