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The best ETF trading platforms in Australia (2023)

We've selected 5 top ETF brokers for Australians based on fees, features and available funds.

If you're looking to invest in exchange-traded funds (ETFs), you'll need to be signed up to the right trading platform.

That means finding a platform or online broker that offers a great range of ETFs, low ETF trading fees and the right tools to match your trading strategy. To help you find the best platform for you, either check out our top picks below or compare your full list of options in the comparison table below.

Finding the best ETF trading platform in Australia

Our investment experts have analysed more than 38 trading platforms available in Australia to make it easier for you to select the right one as an ETF investor. The 5 brokers featured here achieved the highest scores for Finder's Best ETF Broker award in the 2023 Finder Awards. Keep in mind that these picks are suggestions and that the best platform for you will depend on your individual needs. There may be other products on the market not included in our picks. You can read more on our Best ETF platform methodology here.

Why you can trust our research

38

Trading platforms analysed

4,370

Data points

300+

Hours of research

    1. CMC Invest

    Australia's best ETF broker (overall)

    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
    CMC Invest was rated the best ETF trading platform in Australia (overall) for 2023 thanks to its quality ETF trading tools and low costs. The platform offers excellent ETF screeners that allow you to filter hundreds of funds that best suit your investment strategy. It also gets points thanks to its $0 brokerage offering for ASX trades of less than $1,000. This means you can regularly invest smaller amounts into your ETF of choice without paying high trade fees. Check out CMC Invest if you want an excellent all-rounder.
    • Trade Australian and global ETFs
    • Low trade fees on stocks and ETFs
    • ETF filters and screeners
    • $0 brokerage on ASX ETF trades of under $1,000
    • Only 4 global markets are commission-free to trade. Other global markets cost $59 per trade in brokerage while ASX stock trading starts at $11.
    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.
    US ETFs: US$0

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

    Inactivity fee: $0

    Currency conversion fee: 0.60% of trade value

    2. Superhero

    Best for long-term investing

    Superhero share trading logo
    4/5 ★★★★★
    Go to site Read review
    Capital at risk
    $2 fee per trade
    $2 brokerage for Australian ETFs
    No monthly fees
    Superhero is rated the best trading platform for long-term investing thanks to its low fees, $0 brokerage fee deal for ETF investing and its auto-invest option. We particularly like that you can auto-invest from just $10, making Superhero a great choice for investors that want to dollar-cost average into stocks or ETFs over the long term. And for investors planning for retirement, Superhero also has SMSF and superannuation account options.
    • $0 brokerage for US stocks, $5 for ASX
    • Auto-investment feature
    • $0 brokerage for ETF purchases
    • No account or inactivity fees
    • Few features. Superhero covers the basics but does not have some features advanced traders might find useful such as technical analysis tools.
    • Not fully global. Superhero only offers Australian and US stocks at this stage.
    Brokerage fees:
    AU stocks: $2 for trades up to $20,000, 0.01% for trades over $20,000
    US stocks: US$0
    UK stocks: Not available

    ETF brokerage fees:
    AU ETFs: $2 for trades up to $20,000, 0.01% for trades over $20,000
    US ETFs: US$0

    Inactivity fee: $0

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

    3. Syfe

    Best trading platform for beginners

    Syfe logo
    N/A ★★★★★
    Similar platforms Read review
    Capital at risk
    ASX and US stocks
    Cryptocurrency investing
    Portfolio investing
    Syfe is one of the first trading platforms in Australia to offer a robo-advice feature with its diversified portfolios (smart baskets) tailored to your risk tolerance and time horizon. Plus, with a low minimum investment of just $1 and low fees there's no need to break the piggy bank to start. Syfe also gives you the option to directly purchase Australian and US stocks and ETFs as well as cryptocurrencies. With its simple-to-use platform, we think Syfe is a great choice for new investors.
    • Invest from just $1
    • Trade ASX and US stocks plus crypto
    • User-friendly platform
    • Ready-made portfolios available
    • Few advanced features
    • Only access to Australian and US stocks at this stage
    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

    4. Stake

    Cheapest brokerage for CHESS-sponsored ETFs

    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
    Stake is one of the cheapest brokers on the market for those investing in ASX CHESS-sponsored stocks and ETFs, charging just $3 brokerage per trade. As such, it's no surprise it makes our list. Better still, if you refer 3 friends, you can actually get free brokerage on ASX trades for a year.
    • User-friendly options
    • Cheap brokerage for ASX and US ETFs
    • Refer-a-friend bonus
    • Easy-to-use mobile app
    • Need to pay for advanced tools through Stake Black
    • Fewer features than others
    • No ETF screeners
    Brokerage fees:
    AU stocks: $3
    US stocks: US$3
    Other markets: Details here

    ETF brokerage fees:
    AU ETFs: $3
    US ETFs: US$3

    Inactivity fee: $0

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

    5. Vanguard Personal Investor

    $0 brokerage Vanguard ETFs

    Vanguard Personal Investor logo
    2/5 ★★★★★
    Similar platforms Read review
    Capital at risk
    Sign up a brokerage account for $0
    Has auto-invest features
    Access world through Fund Vanguard
    If you're planning to invest specifically in Vanguard ETFs, you'll be able to do it for $0 if you sign up to its brokerage account. The broker allows for small investor limits with its auto-invest features and access to most of the world through its fund. You can also open an account in as little as 10 minutes.
    • $0 brokerage on Vanguard ETFs
    • Ready-made portfolios
    • Costly if you're trading shares that are not Vanguard
    • Only gives access to the ASX 300
    Brokerage fees:
    Australian stocks: $9
    US stock: N/A
    Other markets: Not Available

    ETF brokerage fees:
    AU ETFs: $0 brokerage on buy orders of Vanguard ETFs ($9 flat rate for selling)
    US ETFs: N/A

    Currency conversion fee: N/A

    Inactivity fee: $10 per year

    Compare Australian ETF brokers

    Still not sure which ETF trading platform to go with? Compare your options in the table below by ETF brokerage fees and available assets.

    Name Product Brokerage on AU ETFs Inactivity fee Asset class Offer
    CMC Invest
    Finder Award
    CMC Invest
    $0
    $0
    ASX shares, Global shares, Options trading, US shares, ETFs
    $0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
    Moomoo Share Trading
    $3
    $0
    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. T&Cs apply.
    Tiger Brokers
    Exclusive
    Tiger Brokers
    $5.50
    $0
    ASX shares, Global shares, US shares, ETFs
    Finder exclusive: 10 no-brokerage US or ASX market trades in the first 180 days + 7% p.a. on uninvested cash with first deposit of any amount, plus US$30 TSLA + US$30 NVDA shares with deposits up to AU$2000. T&Cs apply.
    Webull
    $4.90
    $0
    ASX shares, Global shares, Options trading, US shares, ETFs
    Sign up & deposit $200 to get $100 of rewards value, or deposit $1,000 to get $200 worth. Up to $5,450 value available. T&Cs apply.
    Saxo Invested
    Saxo Invested
    $3
    $0
    ASX shares, Global shares, Options trading, US shares, ETFs
    loading

    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.

    How ETF platforms work in Australia

    To invest in ETFs, you need to be signed up to a share trading platform or online broker. Because ETFs are listed on a stock exchange, you invest in them the same way you buy and sell stocks. Instead of buying and selling stocks, you'll be buying ETF units.

    However not all share trading platforms are catered to ETF investors. For instance, some trading platforms offer only a small range of ETFs or feature tools better suited to active stock traders. Trading platform eToro, for example, only offers US-listed ETFs and Australian shares, it does not support ASX-listed ETFs.

    In Australia, ETF investors typically choose ASX-listed ETFs. This means the funds are listed on the Australian Securities Exchange (ASX), Australia's main stock exchange. To date, there are over 200 ASX-listed funds.

    Just because an ETF is listed in the Australian market, doesn't mean that you're only investing in Australian assets. ASX-listed funds allow you to invest in stocks and other assets from right around the world, including the US market, emerging markets like India, UK stocks and even global commodities.

    For more information on the types of ETFs available in Australia, check out our guides:

    How to pick the best ETF trading platform

    The best ETF platform for you will depend on your investment strategy, the types of ETFs you plan to invest in and whether you also want to buy other types of securities such as stocks.

    If you plan to make small regular deposits into your ETF of choice, look for a platform that charges a low brokerage fee per trade and allows you to invest small, recurring amounts. It's worth noting that many platforms require a minimum deposit of $500 per trade, so make sure you check this before signing up.

    If you only plan to deposit funds into your ETF once or twice a year, the brokerage fee is less important and you may instead prefer to find a platform that offers quality filtering or research tools that will help you select the best ETF for you.

    Here are a few factors to consider:

    • ETF trading fees: When you buy ETF units, you typically need to pay an ETF brokerage fee to the trading platform you use. This is usually the same as the stock brokerage fee, but some platforms will charge a different fee for ETFs. Opt for platforms with low brokerage fees in line with your strategy.
    • Range of ETFs: Make sure to check the range of ETFs your platform has access to. For instance, some platforms will only offer US-listed ETFs while others might only offer a small range of ASX-listed ETFs.
    • User experience: If you're new to investing, look for a platform with a user-friendly interface. Most platforms will allow you to sign up for free so you can trial the interface before depositing any funds.
    • ETF filters: Some platforms, such as CMC Invest and CommSec offer ETF screeners that let you filter ETFs based on the underlying market or asset class, management fees, size of the ETF and types of ETFs. For instance, if you're looking for a low-cost index fund that tracks the US market, you can filter for this too.
    • Auto-investment options: If you're planning to make recurring investments into your ETF of choice, you might want to look for a platform that offers an auto-investment option. Auto-investing features let you invest a set amount at regular intervals of your choosing so you can set and forget.
    • Customer support: If something goes wrong, you'll want to make sure you can easily access the support you need. Check whether support can be contacted via phone, email or live chat.
    • Regulation: Make sure you sign up to a platform that is ASIC regulated and holds an AFS licence. This will ensure you and your funds are protected under Australian law.
    • Mobile access: Some platforms specialise in desktop trading while others are mobile first. Desktop platforms and their affiliate mobile apps can be quite different. For instance, you won't always get all the features you need via mobile. A good way to gauge is check out user ratings in the App or Play stores

    Choosing the perfect ETF trading platform boils down to personal preference and trading style. Consider your unique needs and goals, then select a platform that aligns. Here's to successful trading!

    Frequently asked questions

    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. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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