Best trading platforms in Australia October 2026

Australia's best share trading platforms

• Best online trading platform: CMC Invest
• Best for Australian equities trading: Moomoo Share Trading
• Best for casual traders: Tiger Brokers
• Best for day traders: Webull
• Best for low-cost trading: Interactive Brokers Australia
• Best for social trading: eToro

Finder Score	AU Trading Fee	US Trading Fee	Asset Class
Best online trading platform
9.9 Excellent CMC Invest Finder Award	9.9 Excellent	$0.00	$0.00	ASX shares, Global shares, Options trading, US shares, mFunds, ETFs, Cryptocurrencies	Go to siteView details Compare product selection Compare	loading	Why we like it CMC Invest is a great all-round trading platform for both new and experienced investors. It charges $0 brokerage for trades of both Australian equities (up to $1,000 per equity, per day) and US and global shares. This makes it one of the cheapest platforms out there, particularly so for ASX-listed CHESS-sponsored equities, and it makes it a great choice for anyone looking to invest passively into stocks or ETFs. On top of this, it has a truly excellent range of trading tools. It's stock and ETF filters are top grade, it has live price charts and you can find broker ratings and price targets. While there are plenty of low-cost platforms out there today, few have the features that CMC offers and fewer still offer research tools focused on ASX-listed equities. Pros & cons Pros $0 brokerage fees on many stocks and ETFs Suitable for new investors and advanced traders High-quality tools including charts, watchlists and news feeds Cons Only 4 global markets High sell fees $0 brokerage only up to $1,000 per stock, per day
Best for Australian equities trading
9.6 Excellent Moomoo Share Trading Finder Award	9.6 Excellent	$3.00	US$0.99	ASX shares, Global shares, Options trading, US shares, ETFs	$100 Reward Finder Rewards: Get a $100 digital Visa gift card when you join Finder, sign up as a new Moomoo customer, deposit at least $1,000 and execute at least one BUY order within 30 days. Get a $100 digital Visa gift card when you sign up as a new Moomoo customer, deposit at least $1,000 and execute at least one BUY order within 30 days. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it We like that moomoo has some of the most competitive trading fees in the Australian market while also offering huge coverage of stocks from Australia, Hong Kong and US markets, including over-the-counter (OTC) stocks and US options. It gets especially high marks for ASX stocks, because it charges just $3 for trades of Australian CHESS-Sponsored equities and offers rare access to Australia's smaller exchange, the CBOE. While CMC Invest charges $0 brokerage for ASX trades, this is capped at one purchase order per day of up to $1,000. For investors seeking more flexibility while keeping costs low, mooomoo may be a better choice. Pros & cons Pros Low brokerage Demo account US options Cons App may be overwhelming for beginners
Best for casual traders
9.3 Excellent Tiger Brokers Finder Award	9.3 Excellent	$3.00	US$2.00	ASX shares, Global shares, Options trading, US shares, ETFs	$120 Reward Finder Rewards: Get a $120 digital Visa gift card when you join Finder, sign up to Tiger Brokers, deposit $2,000 within 7 days and complete a qualifying BUY trade within 20 days. Get a $120 digital Visa gift card when you sign up to Tiger Brokers, deposit $2,000 within 7 days and complete a qualifying BUY trade within 20 days. T&Cs apply. + Deposit any amount and receive $20 to trade in Tiger Brokers. Plus 4x zero brokerage trades and no FX fees on the first $2,000 you exchange every month. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it Tiger Brokers is one of our best rated overall platforms and a great option in particular for new or casual investors. It has low fees starting from just $3 for ASX and US$2 for US stock trades and you can also set up recurring investments into US fractional stocks. Its auto-invest feature makes it a solid choice for investors looking to dollar-cost average into US equities, with no minimum investment. Plus it has a useful AI assistant that can help you set up trades and provide stock analysis and insights. Pros & cons Pros Low brokerage on ASX and US stocks Low minimum deposit of $2 Easy-to-use app Cons Only US stocks available on auto-invest Limited educational resources
Best for day traders
9.8 Excellent Webull Finder Award	9.8 Excellent	$1.00	$0.00	ASX shares, Global shares, Options trading, US shares, ETFs, Cryptocurrencies	$150 Reward Finder Rewards: Get a $150 digital Visa gift card when you join Finder, sign up to Webull as a new customer, deposit at least $2,000 in a single transaction and place at least 1 BUY order for a US-listed stock or ETF during the promotion period. Get a $150 digital Visa gift card when you sign up to Webull as a new customer, deposit at least $2,000 in a single transaction and place at least 1 BUY order for a US-listed stock or ETF during the promotion period. T&Cs apply. + Earn up to 5,000 Qantas Points per month on international trades, plus 2,500 bonus points on your first international buy order with Webull. Min spend and T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it Webull comes with a stack of great features and available assets including equities from Australia, US, China (A-Shares) and Hong Kong, as well as US options with margin trading facilities. We like that it has an auto-investment feature for passive investors along with useful tools for active traders, such as technical and probability analysis tools. Plus, a major bonus for day-traders is the extended trading hours. One of Webull's highlights is its zero brokerage deal for Australian (CHESS-sponsored) and global ETFs. Paired with its auto-invest feature, it's a top choice for ETF investors. Pros & cons Pros Cheap brokerage ($0 for ETFs) In-built news platform and strong educational resources Allows you to trade fractional shares $0 commission trades for the first month Trade stocks from ASX, US and Hong Kong Cons No Australian options Limited markets Limited order types
Best for low-cost trading
9.3 Excellent Interactive Brokers Australia Finder Award	9.3 Excellent	$5.00	US$0.35	ASX shares, Global shares, Options trading, US shares, ETFs	View details Compare product selection Compare	loading	Why we like it Interactive Brokers has been a popular choice among traders since it launched in the 90s. It has one of the most impressive suites of trading tools on the market and it still manages to keep its fees very low for what it offers. It charges $6.60 commission for ASX shares and from US$1 for US stock trades, plus $0 brokerage for a selection of US ETFs. Where it really stands out is with its currency conversion fee of just 0.20%, by far the lowest on the market to date. This makes it an especially good choice for those looking to invest into global markets. Pros & cons Pros Active or professional traders Low brokerage fees Strong educational resources Portfolio tracking, live updates and company notifications Cons Mobile user ratings on the lower end compared to other brokers Fee structure is relatively complex
Best for social trading
8.7 Great eToro Most Loved	8.7 Great	US$2.00	US$2.00	ASX shares, Global shares, US shares, ETFs, Cryptocurrencies	$150 Reward Finder Rewards: Get a $150 digital Visa gift card when you join Finder, sign up as a new eToro customer, deposit at least $300 and complete a trade within 60 days of account opening. Get a $150 digital Visa gift card when you sign up as a new eToro customer, deposit at least $300 and complete a trade within 60 days of account opening. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it eToro arguably has the best social trading features on the market, which includes its wildly popular copy trading platform. If you're an inexperienced investor, you can use copy trading to emulate the trades of more experienced traders on the eToro platform, potentially profiting from their success. And if you fit the bill as a top trader yourself, you can get rewarded if others on the app choose to follow you. If you're not into social trading, the app has a huge range of trading options, including Australian, US and multiple other global stocks, commodities, forex and even cryptocurrency trading. Pros & cons Pros Copy hundreds of traders Demo account with $100K of practice money Social forums within the app US$2 brokerage on ASX, US and global stocks Cons $200 minimum investment required to copy trade AUD must be converted to USD to trade with eToro Limited equities available for some global markets

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• About our rankings

  It's not easy to find great, objective information on share trading platforms in Australia. The fee structures can be complicated and there are dozens of features and tools that can be useful for some traders but completely irrelevant to others.

  That's why we created our own unique algorithm to grade share trading platforms, and jeeze it wasn't easy.

  Our methodology takes into account not just the fees to make a single trade, but also multiple trades a month of different sizes. It looks at the fees to trade Australian shares, US shares, European shares and exchange traded funds.

  Together with over 105 features, we've analysed over 4,000 data points, trialed the platforms and painstakingly gathered the raw data.

  Overkill? Maybe. But honestly, we think we have the fairest and most thorough rating system for investment platforms in Australia.

  The list of providers below were given the best overall scores of the 40 we rated, making them suitable for a wide range of investors, from beginner or casual to advanced.

Share trading platforms in Australia

A few decades ago, Australians who wanted to invest in the stock market needed to go through a personal stock broker. This typically meant you would need to call your broker to place a trade and you would be charged high fees to do it.

These days, most Australian investors (70%) buy and sell shares through online share trading platforms (online brokers), according to research by the Australian Securities Exchange (ASX).

While you can still hire an adviser or full-service stock broker to place trades for you, the costs are typically much higher. For instance, you might pay $100 for a single trade through an adviser as opposed to $10 via an online trading platform (or even $0 with some platforms).

What's the best share trading platform in Australia?

According to Finder's latest analysis of 40 online brokers, CMC Invest is the best overall share trading platform in Australia thanks to its long list of trading tools, availability of global stock markets and low fees.

But unfortunately choosing a broker isn't exactly a one-size-fits-all approach.

To find the best trading platform for you, try to find tools and features that align to your personal investing approach.

For example, if you're a new investor your needs might be tailored towards educational resources and lower brokerage fees. Meanwhile, if you've been trading for years, you might want a platform that has more advanced tools that can help enrich your trading experience.

Regardless of your experience, one place to start can be comparing fees. Finder research found that the average share trader could save approximately $1,048 in brokerage fees each year by switching to a more suitable online broker (calculated on 7 trades per month of $1,000).

Tips for finding the best trading platform

• Check the fees. Almost every platform will charge you a brokerage fee (also called a commission fee) when you transact. Some will also charge you additional fees such as monthly fees or inactivity fees.
• What can you trade? Some trading platforms will give you access to both Australian and international shares. Others will also allow you to trade currencies, indices, cryptocurrencies and much more. Find a broker that matches your needs.
• Is it easy to use? You should look for a platform that allows you to make fast and precise trades with minimum fuss.
• Access to 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. Can you place orders at market and/or at limit? Are other order types such as stop/loss orders an option to add more flexibility to your trading? These should be considered when choosing a broker.
• Reporting. Check the reporting tools on each platform to help you track how your trades are performing, record dividends and pass on any relevant information to the Australian Taxation Office (ATO) at tax time.
• Customer support. Look for phone, email and live online chat support. Does it 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? What measures are in place to ensure the safety of your funds?

Australian (ASIC) regulated trading platforms

Before you sign up to a trading platform, check that it’s regulated by the Australian Securities and Investments Commission (ASIC) and has an Australian Financial Services Licence (AFSL).

Scam platforms are getting harder to spot. They can look polished and professional but still be fake. The ACCC says Australians lose millions every month to dodgy investment schemes.

The easiest way to protect yourself is to look for the platform’s AFSL number and make sure it’s listed with ASIC. At Finder, we only compare share trading platforms that are fully licensed so you know you’re dealing with the real deal.

Expert insight

"How often and in what market you intend to trade is key to your broker choice. You want the one that's going to deliver the best deal for your particular trading profile – and personality."

Nicole Pedersen-McKinnon

Author, finance columnist

What type of investor are you?

The trading platform you choose should suit your investment style. Once you know which category of investor 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. Ask yourself the following questions:

• 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 so advanced trading features may be the priority.
• 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. Check the fees as well.
• 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 your priorities, you may wish to get a broker that offers all of the above or several different brokers – 1 for each market.
• How much money am I trading? Do you intend to invest a 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.

Video: What's the best share trading platform?

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Video transcript

Share trading updates: October 2026

Gold and silver prices are continuing to soar, sending ASX gold and silver stocks to new record highs. Gold heavyweights Northern Star Resources (ASX:NST) is up 36% in the last 6 months, Evolution Mining (ASX:EVN) has risen 54% and Newmont Corporation (ASX:NEM) is up over 70%. Meanwhile silver stocks Andean Silver Ltd (ASX:ASL) and Silver Mines Ltd (SVL) have rocketed over 90%.

Also read: Gold hits another record - too late to buy in?

Frequently asked questions

• What is the best way to trade shares in Australia?

  The best and easiest way to trade shares in Australia is via a dedicated share trading platform or online broker. It's even possible to trade shares without paying brokerage fees.

• What is the cheapest share trading platform in Australia?

  CMC Invest offers $0 commission on ASX trades up to $1,000. For larger trades, Tiger Brokers ($3.00), Stake ($3) and moomoo ($3.00) offer the lowest commissions on CHESS-sponsored ASX shares.

  If you're looking to invest in the US, then IG, CMC Invest and Webull all offer zero-dollar brokerage fees. Instead you'll pay currency conversion fees.

  According to Finder's latest Share Trading Awards, CMC Invest is the best low-cost broker because it offers $0 brokerage on trades up to $1,000.

  If you want to compare cheap brokers, see our cheapest broker guide here.

• What is the best trading account for beginners?

  According to Finder's Investment Awards the best trading account for new or casual investors is Tiger Brokers.

  It was awarded this title thanks to low brokerage fees for both Australian and US shares, no minimum trade size and an auto-investing feature that lets you set recurring investments into a stock or ETF of choice.

  To compare with other platforms, check out our beginner comparison guide.

• What is the best trading account in Australia?

  CMC Invest is the best overall trading account in Australia, according to Finder's proprietary algorithm. With a combination of cheap brokerage, a range of options and markets, CMC ticks a lot of boxes when it comes to trading accounts.

  That being said, the best trading account will vary depending on your individual needs.

• What's the best ASX trading platform?

  Moomoo is the best ASX trading platform, according to our latest analysis. With low brokerage for ASX trades, wide coverage of Australian shares and ETFs and live market data and research tools, moomoo won our Best ASX Trading award.

• What online broker is best for penny stocks?

  moomoo is rated as the best platform for penny stock trading because of its low fees for active trading, range of OTC stocks and advanced analysis and research tools.

  You can read more about our methodology here.

• What is the safest trading platform?

  Any broker that is regulated by ASIC is likely to be safer.

  If you're looking for the safest trading platform, check out ASIC's site. It provides a full list of approved share trading platforms.

  ASIC has one of the strongest reputations in the world when it comes to trading. It is known for protecting and educating consumers.

  As such, an ASIC-regulated broker should be considered.

• What's the best CHESS-sponsored broker in Australia?

  CMC Invest is the best CHESS-sponsored broker in Australia according to our latest algorithm rating.

  It won multiple awards in Finder's latest Share Trading Awards.

  The cheapest CHESS-sponsored broker in our database, at the time of writing, is Tiger Brokers, offering $3 brokerage for ASX CHESS-sponsored trades. CMC Invest offers $0 brokerage on ASX CHESS-sponsored shares, but only on trades of less than $1,000 per equity, per day.

• What is the best day trading platform?

  Webull is our pick for day traders.

  It offers a wide range of tools for active traders, such as technical and probability analysis tools, plus extended trading hours.

• How much does it cost to sign up to a trading platform?

  For most share trading platforms, signing up won't cost you a thing.

  However, you will start paying fees once you begin trading. This is known as a brokerage fee.

  Watch out for additional fees such as inactivity and subscription fees.

• What are the best free trading platforms?

  No trading platform is truly free, but there are some brokers in Australia that offer $0 brokerage trading. These include the following:

  • IG
  • CMC Invest
  • Webull

  Among the $0 brokerage platforms, CMC Invest is the only broker not to charge commission for ASX stocks (of less than $1,000).

• What is the most trusted trading platform?

  The most trusted trading platform in Australia is Pearler, according to the most recent Finder Customer Satisfaction Awards, and Stake in the previous year's awards. 100% of surveyed users agreed that Pearler was a trustworthy and reliable brand.

• Which bank is best for share trading in Australia?

  CommSec.

  The oldest and largest share trading platform is the best among the Big Four banks according to our algorithm.

To make sure you get accurate and helpful information, this guide has been edited by Thomas Stelzer as part of our fact-checking process.

Written by

Kylie Purcell

Investments Analyst

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Kylie Purcell is an experienced investments analyst and finance journalist with over a decade of expertise in a wide range of financial products, including online trading platforms, robo-advisors, stocks, ETFs and cryptocurrencies. She is a sought-after commentator and regularly shares her insights on the AFR, Yahoo Finance, The Motley Fool, SBS and News.com.au. Kylie hosts the Investment Finder video series and actively contributes to the investment community as a judge and panellist. She holds a Master of Arts in International Journalism, a Graduate Diploma in Economics, and ASIC-recognised certifications in securities and managed investments. See full bio

Kylie's expertise

Kylie has written 167 Finder guides across topics including:

• Investment strategies
• Financial platforms
• Stockbrokers
• Robo advisors
• Exchange traded funds (ETFs)
• Ethical investing
• ASX stocks
• Stock and forex markets