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Where and how to invest $1,000 in Australia

If you're looking to invest $1,000 in Australia, you've got a few options that range between low and high risk. Here are a few things you can consider.

Are you looking to invest $1,000 and not sure where to start? Luckily, there are plenty of options available for you to choose from – it all depends on what your goals are and how much risk you're willing to take on.

This guide explains what these investment options are, how to distinguish between assets like shares, cash, options, futures and ETFs, and what sort of fees you need to pay.

7 ways you could invest your money

If you've saved up $1,000, here are 7 things you can do with it:

  1. Pay off existing debt. Before you invest, make sure to pay off any outstanding debt you may have, especially if the interest rate is high. Even if you find an incredible investment, you'll need to eventually pay back the debt you owe. So it might mean you are forced to sell your investment anyways. It's also worth pointing out, credit card debts are often have a much higher rate of interest than most investments you'll make.
  2. Invest in shares. You can start investing in Australian shares from as little as $500 (for CHESS sponsored shares) if you want and as little as $10 at a time into US stocks – depending on your online broker. Share market investors earn profits when share prices increase, and they can be paid dividends when the company generates profit. While you can make a lot of profit with shares, the downside is that it's a risky investment. $1,000 is enough to buy stocks in 1 or 2 companies – can you afford to lose the money if the price falls? And will your returns cover your brokerage fees?
  3. Invest in an ETF. Like stocks, the minimum investment for an Australian exchange traded fund (ETF) is $500. ETFs are less risky than buying shares directly because it gives you access to hundreds of companies in one trade. Here's how to invest in ETFs and why they're great for beginner investors.
  4. Contribute towards super. Add funds to your super while you're still young and watch it grow for decades. When you make contributions to your super from after-tax income, the government does not tax the contribution up to a certain threshold because it's already been taxed. If you earn less than $50,564 annually as your pre-tax income and you end up making post-tax contributions to your super, the government adds to your super by matching your contributions.
  5. Open a high-interest savings account. A high-interest savings account is your zero-risk option, and you'll still earn a return on your money. You can check out the best savings accounts in our comparison. This is because in a post global financial crisis world, the first $250,000 is government backed. So even if something happens to your bank, you will receive your money.
  6. Micro-investing. Robo-advisors allow you to invest small amounts into the share market, sometimes as little as a few dollars at a time. This is known as micro-investing, and you can learn more about it in our guide.
  7. P2P platforms. Peer-to-peer (P2P) platforms allow you to lend your money to everyday borrowers in exchange for a fee. Minimum deposits range from $10 up to $10,000 depending on the provider, and the return that you can expect is normally a fixed rate. Head to our P2P homepage to find out more.

How much do I need to start investing in shares

Those that are less familiar with the market might think shares are only for wealthier people.

And while it is conventional wisdom to never invest more than you can afford to lose, how much you need to invest is actually less than you might think.

With the introduction of newer brokers to the market, you can now trade from as little as 1 cent. However, if you are buying Australian shares and you want CHESS-sponsored shares, you'll need to invest a minimum of $500. To read more about CHESS-sponsored shares, click here.

There's also what is known as exchanged-traded funds (ETFs). An exchange traded fund is a bundle of shares or options that is listed on a stock exchange that you can purchase through a single trade. They behave similar to shares in that you can buy and sell them on an exchange. Depending on the ETF, this can allow you to have a small stake in hundreds of listed companies. The broker will usually have the same minimum requirements for shares and ETFs.

What do I need to consider when signing up for a share trading platform

When it comes to signing up for a new broker, there are a couple of things you might want to keep in mind

  • Minimum investment amount. If you're considering getting into the share market, you can start with just one share. You can start trading foreign currency with no more than $25, and you can also start trading in futures with little investment. To open a term deposit, you may have to start with a minimum of $500 or $1,000, depending on the financial institution you choose.
  • Commissions and fees. If you plan to deal in shares and futures, there may be brokerage and other fees. Full-service brokers normally charge fees as a percentage of any given trade value, and some online brokers charge fixed fees per trade. For assets like term deposits and high-interest savings accounts, financial institutions tend not to charge any account-keeping fees. Percent-based fees are often more suitable for smaller trades, but if you'll be making larger investments, it might be preferable to find an account with flat fees.
1 - 6 of 6
Name Product Price per trade Inactivity fee Asset class International
eToro
Finder AwardExclusive
eToro
$0
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
Yes
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
$0
$0
ASX shares, Global shares, Options trading, US shares, mFunds, ETFs
Yes
$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
US$0.99
$0
ASX shares, Global shares, US shares, ETFs
Yes
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
US$2
$0
ASX shares, Global shares, US shares, ETFs
Yes
Finder exclusive: Get 10 brokerage-free trades for the US or ASX market 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.
Webull
US$0.25
$0
ASX shares, Options trading, US shares, ETFs
Yes
Earn US$100 in cash vouchers when you fund your new account and maintain a minimum balance of US$2,000 by Dec 29 until March 31, 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
US$0
$0
ASX shares, Global shares, US shares, UK shares, ETFs
Yes
$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.
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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 - 20 of 30
Name Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)
AustralianSuper - Balanced
Industry fund
Last 1 year performance (p.a.)
+8.23%
Last 3 year performance (p.a.)
+8.25%
Last 5 year performance (p.a.)
+6.75%
Last 10 year performance (p.a.)
+8.61%
Fees on $50k balance (p.a.)
$382
Go to siteMore Info
Australian Retirement Trust - Lifecycle Balanced Pool
Lifestage
Last 1 year performance (p.a.)
+9.88%
Last 3 year performance (p.a.)
+9.51%
Last 5 year performance (p.a.)
+6.98%
Last 10 year performance (p.a.)
+8.4%
Fees on $50k balance (p.a.)
$547
Go to siteMore Info
Australian Ethical Super Balanced
Green CompanyEthical
Last 1 year performance (p.a.)
+9.53%
Last 3 year performance (p.a.)
+6.73%
Last 5 year performance (p.a.)
+6.71%
Last 10 year performance (p.a.)
+7.56%
Fees on $50k balance (p.a.)
$603
Go to siteMore Info
HESTA Balanced Growth
Industry fund
Last 1 year performance (p.a.)
+9.59%
Last 3 year performance (p.a.)
+8.61%
Last 5 year performance (p.a.)
+6.56%
Last 10 year performance (p.a.)
+8.02%
Fees on $50k balance (p.a.)
$477
Go to siteMore Info
UniSuper Balanced
Industry fund
Last 1 year performance (p.a.)
+10.34%
Last 3 year performance (p.a.)
+7.54%
Last 5 year performance (p.a.)
+6.63%
Last 10 year performance (p.a.)
+8.37%
Fees on $50k balance (p.a.)
$351
Go to siteMore Info
Virgin Money Super - LifeStage Tracker
LifestageHigher risk
Last 1 year performance (p.a.)
+13.07%
Last 3 year performance (p.a.)
+8.72%
Last 5 year performance (p.a.)
+6.98%
Last 10 year performance (p.a.)
N/A
Fees on $50k balance (p.a.)
$346
Go to siteMore Info
Cbus Growth
Industry fund
Last 1 year performance (p.a.)
+8.95%
Last 3 year performance (p.a.)
+7.76%
Last 5 year performance (p.a.)
+6.17%
Last 10 year performance (p.a.)
+8.26%
Fees on $50k balance (p.a.)
$438
More Info
BUSSQ MySuper Balanced Growth
Industry fund
Last 1 year performance (p.a.)
+8.81%
Last 3 year performance (p.a.)
+6.7%
Last 5 year performance (p.a.)
+5.48%
Last 10 year performance (p.a.)
+7.51%
Fees on $50k balance (p.a.)
$587
More Info
Australian Food Super MySuper
Industry fund
Last 1 year performance (p.a.)
+11.35%
Last 3 year performance (p.a.)
+9.05%
Last 5 year performance (p.a.)
+6.58%
Last 10 year performance (p.a.)
+7.86%
Fees on $50k balance (p.a.)
$363
More Info
AMP MySuper Capital Stable
Last 1 year performance (p.a.)
+4.63%
Last 3 year performance (p.a.)
+3.11%
Last 5 year performance (p.a.)
+2.9%
Last 10 year performance (p.a.)
N/A
Fees on $50k balance (p.a.)
$375
More Info
ANZ Smart Choice Conservative
Last 1 year performance (p.a.)
+5.08%
Last 3 year performance (p.a.)
+1.68%
Last 5 year performance (p.a.)
+2.34%
Last 10 year performance (p.a.)
+3.32%
Fees on $50k balance (p.a.)
$365
More Info
AvSuper Growth
Industry fund
Last 1 year performance (p.a.)
+11.46%
Last 3 year performance (p.a.)
+8.67%
Last 5 year performance (p.a.)
+5.98%
Last 10 year performance (p.a.)
+7.39%
Fees on $50k balance (p.a.)
$636
More Info
Bendigo SmartStart Super - Balanced Index
Indexed investment
Last 1 year performance (p.a.)
+7.61%
Last 3 year performance (p.a.)
+4.99%
Last 5 year performance (p.a.)
+4.5%
Last 10 year performance (p.a.)
+6.14%
Fees on $50k balance (p.a.)
$328
More Info
Catholic Super Balanced
Industry fund
Last 1 year performance (p.a.)
+7.97%
Last 3 year performance (p.a.)
+5.31%
Last 5 year performance (p.a.)
+4.6%
Last 10 year performance (p.a.)
+6.11%
Fees on $50k balance (p.a.)
$422
More Info
Child Care Super Balanced
Industry fund
Last 1 year performance (p.a.)
+6.83%
Last 3 year performance (p.a.)
+5.63%
Last 5 year performance (p.a.)
+5.17%
Last 10 year performance (p.a.)
+5.83%
Fees on $50k balance (p.a.)
$605
More Info
Commonwealth Essential Super - Lifestage
Lifestage
Last 1 year performance (p.a.)
+11.61%
Last 3 year performance (p.a.)
+8.94%
Last 5 year performance (p.a.)
+5.6%
Last 10 year performance (p.a.)
+7.5%
Fees on $50k balance (p.a.)
$400
More Info
Brighter Super MySuper
Industry fund
Last 1 year performance (p.a.)
+10.62%
Last 3 year performance (p.a.)
+6.87%
Last 5 year performance (p.a.)
+5.58%
Last 10 year performance (p.a.)
+7.11%
Fees on $50k balance (p.a.)
$400
More Info
Equip MySuper
Industry fund
Last 1 year performance (p.a.)
+9.84%
Last 3 year performance (p.a.)
+7.29%
Last 5 year performance (p.a.)
+5.81%
Last 10 year performance (p.a.)
N/A
Fees on $50k balance (p.a.)
$467
First Super Balanced
Industry fund
Last 1 year performance (p.a.)
+9.44%
Last 3 year performance (p.a.)
+8.06%
Last 5 year performance (p.a.)
+5.93%
Last 10 year performance (p.a.)
+7.78%
Fees on $50k balance (p.a.)
$572
More Info
Guild Balanced
Industry fund
Last 1 year performance (p.a.)
+6.83%
Last 3 year performance (p.a.)
+5.58%
Last 5 year performance (p.a.)
+5.16%
Last 10 year performance (p.a.)
+5.82%
Fees on $50k balance (p.a.)
$605
More Info
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Showing 20 of 30 results

The information in the table is based on data provided by Chant West Pty Ltd (AFSL 255320) which is itself supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such information. Chant West’s Financial Services Guide is available at https://www.chantwest.com.au/financial-services-guide . Finder offers no guarantees or warranties about the data and we recommend that users make their own enquiries before relying on this information. Performance, fees and insurance data is based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40-49 years of age have been shown. Past performance is not a reliable indicator of future performance.

*Past performance data is for period ending June 2023 and fee data is updated monthly.

Disclaimer: Performance, fees and insurance data are based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40 and 49 years of age have been shown. This article is general advice. You should consider your personal circumstances before deciding if a superannuation product is right for you. Superannuation is a long-term investment and past performance is not indicative of future performance.

1 - 10 of 10
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Westpac Life (18-29 year olds only)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • 5 debit card purchases
Go to siteView details
Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
ING Savings Maximiser
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
Go to siteView details
Bank of Queensland Smart Saver Account - 36+ years
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible purchases
Go to siteView details
Macquarie Savings Account
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
4.75%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
ME HomeME Savings Account
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
  • Grow balance
Go to siteView details
First Option Bank Savings Account
Maximum Variable Rate p.a.
4.75%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
Go to siteView details
Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $200
Go to siteView details
Use code: FINDER20 and score $20 when you make 5 purchases in your first 30 days. Offer ends December 12, 2023. Ts&Cs apply
Bendigo Bank Reward Saver
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.30%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • Requires Bendigo transaction account
Go to siteView details
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Showing 10 of 10 results
1 - 9 of 99
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Judo Bank Term Deposit
Finder Award$1,000 min. deposit
3 Mths p.a.
4.90%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.05%
7 Mths p.a.
-
12 Mths p.a.
5.35%
24 Mths p.a.
5.35%
Go to siteMore Info
Bankwest Online Term Deposit
$1,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
3.75%
4 Mths p.a.
3.00%
5 Mths p.a.
3.00%
6 Mths p.a.
4.25%
7 Mths p.a.
4.00%
12 Mths p.a.
4.90%
24 Mths p.a.
4.85%
Go to siteMore Info
BCU Term Deposit
$1,000 min. deposit$999,999 max. deposit
3 Mths p.a.
4.35%
4 Mths p.a.
3.70%
5 Mths p.a.
3.40%
6 Mths p.a.
4.60%
7 Mths p.a.
4.55%
12 Mths p.a.
4.75%
24 Mths p.a.
4.40%
Go to siteMore Info
Community First Bank Term Deposit
$1,000,000 max. deposit
3 Mths p.a.
4.20%
4 Mths p.a.
4.20%
5 Mths p.a.
4.20%
6 Mths p.a.
4.25%
7 Mths p.a.
4.25%
12 Mths p.a.
5.25%
24 Mths p.a.
5.00%
Go to siteMore Info
Newcastle Permanent Term Deposit
$1,000 min. deposit
3 Mths p.a.
4.00%
4 Mths p.a.
3.00%
5 Mths p.a.
3.00%
6 Mths p.a.
4.10%
7 Mths p.a.
3.60%
12 Mths p.a.
5.10%
24 Mths p.a.
4.75%
More Info
Macquarie Bank Term Deposit
$5,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
4.85%
4 Mths p.a.
4.85%
5 Mths p.a.
-
6 Mths p.a.
4.95%
7 Mths p.a.
-
12 Mths p.a.
5.05%
24 Mths p.a.
5.00%
More Info
Rabobank Term Deposit
$1,000 min. deposit$2,000,000 max. deposit
3 Mths p.a.
4.80%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.90%
7 Mths p.a.
-
12 Mths p.a.
5.10%
24 Mths p.a.
5.00%
More Info
Australian Unity Term Deposit
$5,000 min. deposit
3 Mths p.a.
4.55%
4 Mths p.a.
1.15%
5 Mths p.a.
1.15%
6 Mths p.a.
4.75%
7 Mths p.a.
1.50%
12 Mths p.a.
5.10%
24 Mths p.a.
4.20%
More Info
Great Southern Bank Term Deposit Account
$5,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
4.20%
4 Mths p.a.
2.95%
5 Mths p.a.
2.95%
6 Mths p.a.
4.60%
7 Mths p.a.
3.05%
12 Mths p.a.
4.85%
24 Mths p.a.
4.70%
More Info
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Showing 9 of 99 results
Back to top

Should you just keep money in the bank?

The answer to this will depend on how long you can afford to have your money locked away for. In a high inflation, lower cash rate environment, like we currently have, leaving your money in the bank or at home means you will be going backwards.

For example, if you left your $1,000 under your mattress since 2000, thanks to inflation, in 2022, that same $1,000 would buy roughly 57% of what it used to. As such, your purchasing power has gone down.

And those 22 years were considered for the most part to be a low inflation environment. As it currently stands, we are in a high inflation world where Australia's inflation rate is 7.8%. This means your money buys 7.8% less every year.

However, you should never invest money that you need over the short term. This is because prices fluctuate over time. Unfortunately, this could mean when you need your money, your investment is actually worth less than when you started.

If you have a long time horizon, shares and ETFs can be a good investment. Can you afford to wait for a year or more to get a good return on your investment and are you prepared for the possibility of losing your investment entirely?

If you want guaranteed returns without the risk, look at high-interest savings accounts and term deposits. Both earn you interest as long as you have money in the account. Term deposits will require you to lock away funds for some time, but high-interest savings accounts let you access your money as needed.

What are the pros and cons of savings accounts?

Pros

  • Government guarantee. If you put your money in a savings account or a term deposit, the Australian government's Guarantee Scheme Security covers you in case your bank fails to honour the deposit. This guarantee applies to deposits of up to $250,000 per person per institution and does not limit the number of institutions you can bank with.
  • Returns guaranteed. A savings account comes with virtually no risk, especially if you have no more than $250,000 with any one financial institution. The money in your account continues earning interest as long as it's in there. Credit unions tend to offer more competitive rates than mainstream banks because they don’t have the added costs associated with shareholders. Online banks, because they don't have to spend money on physical stores, also tend to offer competitive rates. Some financial institutions provide bonus interest to account holders who meet the given criteria.
  • Flexibility. Savings accounts come with varied features. While some let you access funds via online and phone banking, some others provide access to BPAY as well. Some savings accounts designed especially for children or for retirees can offer preferable interest rates, all while ensuring you have around-the-clock access to your money.

Cons

  • Limited returns. Despite offering guaranteed returns, the interest you earn from such accounts can be noticeably lower than what you may earn through other types of investments. The interest rate of Australian savings accounts is normally from 0.5% to 3%.
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What are the risks of investing?

  • Inadequate information. No matter where you plan to put your money, carrying out a little groundwork is important. Even with simpler assets like savings accounts and term deposits, it's still a good idea to do your research because banks offer different interest rates.
  • Fees. Investing requires that you work with a financial institution or a broker. Both may charge fees to provide services, and it’s important that you know how much they may charge in different scenarios, and consider these costs alongside the potential returns of an investment.
Back to top

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Is there anything else I should consider?

  • The risk factor. Every investor should start by understanding the link between risk and returns. High-risk investments tend to offer greater potential returns. What’s also true is that how people perceive risk can vary, and perceived risk does not necessarily reflect upon statistical analysis. You may want to avoid following your instincts until you've checked it against the facts.
  • Your risk profile. Your risk profile essentially refers to your willingness to take risks and how it can have an effect on your ability to make decisions. Risk profiling gives investors the means to recognise investment pitfalls with consideration to their own capacity for and tolerance of risks. If you're a naturally cautious person or a natural risk-taker, it's important to recognise these qualities in yourself.
  • Financial goals. Set yourself clear and measurable financial goals so you know whether your investments are on track to get you there. For example, you might be planning to have a specific amount by the time you retire, and you can adjust your investment habits to stay focused on this.

How to invest $1,000

How popular is share trading?

34% people have invested in shares or cryptocurrencies, according to our consumer sentiment tracker. 43% of men said they have invested while only 25% of women have invested in shares or cryptocurrencies. NSW and Victoria are the most popular states for share trading.

Frequently asked questions

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