If you're looking for something more specific, we've curated the following lists of top platforms by category: Best trading platforms for beginners, Best day trading platforms, Best options trading platforms, Best automated trading platforms, Best CHESS sponsored brokers.
These 10 platforms came out on top because they had the most competitive fees plus the best range of investments products and trading tools.
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.
Why we think CMC Invest is Australia's best overall platform: Exceptionally low fees paired with quality research tools.
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.
Why does moomoo stand out?: Low fees, advanced platform, access to Chinese A-Shares, US options trading available.
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.
Why does Tiger stand out?: Easy to use app with features that will also appeal to experienced investors.
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.
Why does Webull stand out?: Strong features for both active and passive investors.
Superhero makes our list with its very low trade fees and handy trade features. You can buy and sell US stocks and ETFs for US$2 brokerage and AU$2 for Australian markets (up to trades of $20,000).
It's a particularly great choice for new or casual investors because the platform is super easy to use, you can invest from just $10 a trade and it has an auto-invest feature, perfect for dollar-cost averaging (DCA). This also pairs in nicely with its superannuation account option, which lets you invest into both readymade portfolios or select individual stocks - one of the first of its kind to do so.
Why does Superhero stand out: Low $10 minimum trade size into ASX equities and easy to use platform.
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.
Why does IB stand out?: Low currency conversion fee and long list of global markets.
IG is a solid all-rounder with cheap trade fees and decent trading tools. As of July 2025, you pay no brokerage fees for either ASX or global stocks, which makes it the cheapest broker out there to date.
You also get the option to open a demo account with $20K of virtual money and IG regularly runs educational programs for those looking to upskill.
Stake's standard account is fairly minimal on features but it makes up for it with its ultra low brokerage fees of $3 for CHESS-sponsored ASX trades, about the lowest on the market. It also charges US$3 for US stocks and its subscription Black account option offers a suite of handy tools for those to upgrade. We also like that you can trade from as little as $10, unlike some other brokers that require minimums of over $500. Stake was highly commended for value in the 2025 Finder Customer Satisfaction awards and was named 'Most Trusted' in the previous awards.
Easy Equities is a little known share trading platform that came to life in South Africa. While it might not have made a name for itself yet in Australia, we couldn't help but be impressed by its super low fees and its collection of handy features that just make it a great all rounder. For example, it has no minimum investment size, meaning you can start trading from just a few cents into Australian, US and European stocks and ETFs. We also like that it has an auto-investment option, which is great for dollar-cost averaging into the market.
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.
We currently don't have that product, but here are others to consider:
How we picked theseWe've scored over 30 share trading platforms assessing them for their core features, fees, customer experience and accessibility. Our experts give each platform a score out of 10.
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.
The best share trading platform should have low trading fees, offer the markets you want to trade and have an easy-to-use interface that makes it simple to buy, sell and track your investments.
For example, if you're looking to invest in big US tech stocks like Apple or Nvidia, you'll need to find a platform that lets you trade the US stock market (and offers low brokerage on US stocks) like CMC Invest, Stake or Interactive Brokers.
If you're an experienced investor or looking to dive deeper into the markets, you'll also want a platform that offers advanced research and trading features like live charts, watchlists, news feeds and stock filters.
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Trading platforms analysed
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Data points
300+
Hours of research
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).
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.
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).
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.
"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."
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:
0:14
Hey, I'm Kylie and my job is to review share trading platforms. And by far, one of the most common questions I get asked is "Which share trading platform should I use?", "Which one is going to cost me the least?". And it's such a good question because it totally depends on how often you're trading, what you're investing in, and the amount that you're investing.
0:34
For example, some trading platforms charge really high fees for US stocks, but really low fees for Australian stocks. Other platforms charge the opposite, or they might charge lower fees for ETFs and higher fees for stocks. And if you're using the wrong share trading platform, it could be costing you hundreds or even thousands of dollars more every year.
0:53
And I know this because I put together this pretty intense sheet. If I move this a little bit. And I know this because I put together this sheet with every share trading platform we could find, with fees broken down based on how often you're trading, whether you're trading US stocks or ASX stocks, and the amounts that you're trading.
1:12
So, in this video, I'm going to break it down by strategy with real numbers to back it up. And there's definitely a few platforms in here that you wouldn't have heard of. And just a side note, there are a few different types of fees that share trading platforms can charge you.
1:23
But by far, the most important two fees would be the brokerage fee. That's the fee you pay every time you place a trade. It goes to the broker. And the currency conversion fee. This is when you're trading US or global stocks. And it's the fee to convert your Australian dollars into US dollars. So that's really important, too.
1:39
And I'm going to start today by looking at Aussie shares. That's shares listed on the ASX. And fee structures here can get pretty complicated. So, for the purpose of keeping it simple, we're going to look at placing a $1,000 trade.
1:52
So, according to my giant sheet, the cheapest brokers for Australian listed shares would be CMC Markets, Easy Equities, eToro, and Superhero. Then, we have a few here that charge $3 in brokerage. MooMoo, Saxo, Tiger, and Stake.
2:08
That being said, there are a few caveats. For instance, CMC Markets charges zero brokerage on ASX listed shares, but that's only on the first trade order of the day, and it's only for trades up until $1,000. And then when you look at Easy Equities, eToro, and Superhero, none of those offer CHESS-sponsored shares.
2:29
So, if you're looking at CHESS sponsorship specifically, you'd want to look at CMC Markets and then MooMoo Share Trading, Tiger Brokers, or Stake. Okay. Next we have US share trading. And in this case, we want to take into account the brokerage fees as well as the currency conversion fee.
2:46
So if I re-sort my sheet again, the cheapest brokers here in terms of brokerage fee for US stocks are CMC Markets, IG, Bendigo Invest Direct, followed by Webull and MooMoo for 25 cents and 99 cents. And just remember those are in US dollars. But just remember, you also need to take into account the currency conversion fee.
3:07
So, even if you have a broker that offers zero brokerage fees on US stocks, the currency conversion fee might be really high as well. So, looking here, I've got the currency conversion fee. I'm just going to move it over. The currency conversion fees can get a little bit complicated because they're all in completely different formats.
3:24
We've got 0.6% for CMC Markets, 0.7% for IG, and then you've also got 50 basis points, a basis point fee structure, and you've got the pips fee structure. It's a lot of information to go into now, so I'm just going to say that if you want more information on pips and BPS, you can check out our international share trading platform page, which is where I explain it better.
3:45
To keep it simple today, I did the calculations for you on a $1,000 US trade. You can see here the FX fee and dollar amounts, and I've also converted in this column the US brokerage fees into AU brokerage fees. Then I added the brokerage fee and the currency conversion fee together.
4:01
So if we re-sort this column, we can actually see that the order of brokers has actually changed. Now we've got Saxo Invested, Interactive Brokers, and CMC Markets Invest as the three cheapest brokers for US share trading. And that's because even when you're seeing a zero brokerage fee, you can see that it's actually in fact $6 with CMC Markets because of their currency conversion fee.
4:24
And if you're using a broker like eToro, that might go up to in this case $26. So, as you can see, it totally depends on whether you're investing in Australian stocks or US stocks.
4:33
But if you want to invest in both US stocks and Australian stocks across the board, then check out Saxo Invested, Bendigo Invest Direct, Webull, and IG Share Trading because they have pretty low fees right across the board.
4:45
If you're not super interested in investing in shares directly and you'd rather invest into exchange traded funds or ETFs, then the cheapest brokers for you are CMC Invest, Webull, and Easy Equities. Just remembering though that CMC Invest only allows you to make one zero brokerage trade into an ASX equity per day up to $1,000. And Easy Equities is not chess sponsored.
5:10
So there you have it. Those are Australia's cheapest share trading platforms depending on what you're investing in and how often you plan to invest. More information on Australia's cheapest share trading platforms, you can check out our guide. I'll leave a link in the description below.
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%.
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I have shares in the UK, but with an Australian address it is hard (impossible) to find a UK agent to help with their sale. What is the best Australian option for a single trade (sell)?
My suggestion is that you do an off market transfer with a third party who is willing to buy the shares from you and arrange private cash settlement.
Hi Rich,
Thank you for your inquiry.
Unfortunately, we cannot recommend what is best for you. Our company finder.com.au is a financial comparison website and general information service designed to help consumers to make a better decisions. Please note we do not represent any company we feature on our pages.
Thankfully, you can always check the list of online share trading platforms on our website. This should give you a good place to start searching for the right platform.
I hope this helps.
Cheers,
Harold
I noticed that amscot Stockbroking is not on the comparison list.
Hi Ben,
Thanks for your question.
Although we cover a wide range of products, providers and services, we don’t cover every product, provider or service available in the market so there may be other options available to you. However, you can find more information about the amscot Stockbroking through our website.
Cheers,
May
I am delighted to read this analysis. Hope to see the competition on going and interesting in future. I recently was going through some trading applications and found Forex Signals to be really successful and dependable. It helped me increase my profits in comparison to previous one.
Hi Lee,
Thanks very much for your feedback and for your suggestion. We’re always adding to our content so keep eye out for new content from us.
Cheers,
Clarizza
Hi there I think I will have to take my iPad to fountain gate plaza to have it looked at the 500pluse app is getting rejected by my I as a last resort I will get my iPad Looked at in the Apple Store at fountain gate if nothing else can be done by me!
Hi Richard,
Thanks for your question.
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