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Best investment and stock trading apps in Australia (2024)

The 10 best investment apps in Australia have high user ratings, low fees and are user-friendly.

There are dozens of stock trading apps available for Australians to buy and sell shares, ETFs, digital currencies and more. Many of these platforms now offer mobile apps, making it easier than ever to place a trade from anywhere.

But finding the best trading app for you is about understanding what you want to trade, how often you intend to place a trade and what types of tools are most important.

To make it easier to compare, we've sourced a list of the 10 top trading apps in Australia and highlighted some of their best (and not-so-great) features.

So whether you're Warren Buffett or a wannabe wolf of Wall St you should be able to find the platform that's right for you.

Best Australian stock trading apps for 2024

  • eToro: Best app for copy trading
  • CMC Invest: Best app for ASX trades (2024 Finder Award winner)
  • Tiger Brokers: Best mobile trading app (2024 Finder Award winner)
  • Sharesies: Best app for beginners
  • Syfe: For auto-investing on the go
  • Stake: Best investment app (2024 Customer Satisfaction Awards)
  • CommSec: Best platform among the banks
  • Revolut: For gold and silver trading
  • nabtrade: For the 4.5% p.a. high-interest account
  • Webull: For ETF trading

1. eToro: Best trading app for copy trading

eToro logo
4/5 ★★★★★
Go to site Read review
Capital at risk
Copy trading
Social media forums
Demo account available
eToro's popular trading app is designed for both desktop and mobile (Android and iPhone). Its well-known for its copy trading feature where you can imitate the trades of top users or copy a portfolio of stocks selected by eToro.
  • Low brokerage. Competitive brokerage fee when trading ASX or global stocks.
  • Range of assets. Using the same account, you can trade stocks, derivatives, currencies and cryptocurrency.
  • Copy trading. You can copy the trades of top eToro traders as well as stock portfolios.
  • CFDs are risky. To access leverage, you're trading with CFDs, which are risky and complicated investment products.
Brokerage fees:
AU stocks: US$2
US stock: US$2
UK stocks: US$2

ETF brokerage fees:
AU stocks: Not available
US stock: $0
UK stocks: $0

Inactivity fee: US$10 per month if you don't log in for 12 months or more

Currency conversion fee: 1.50% of trade value

2. CMC Invest: Best app for ASX trades (2024 Finder Award winner)

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
The CMC Invest' mobile app offers all the functionality of its desktop counterpart. You can buy and sell shares from your mobile using all order types, including conditional and linked orders. And you can view your current positions and order history, access market depth and up-to-date charts, and view your watchlists and portfolios.
  • $0 brokerage on global and ASX stocks. CMC charges no commissions to trade stocks listed in the US, the UK, Germany or Japan as well as 1 ASX stock trade per day of up to $1,000.
  • A wide range of order types. You can place, buy and sell orders as well as amend and cancel orders and use conditional and linked orders to manage your investments.
  • Information from the market and experts. Access to an extensive range of useful investment information to help you make the right trading decisions.
  • Customisable watchlists. It's easy to create and edit watchlists to monitor the performance of stocks.
  • Limited global markets. Only 4 global markets are commission-free to trade. Other global markets cost $59 per trade in brokerage.
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

3. Tiger Brokers: Best mobile trading app (2024 Finder Award winner)

Tiger Brokers logo
4/5 ★★★★★
Go to site Read review
Capital at risk
Cheaply invest in US, HK and AU shares
Easy access to international trading
Low-cost options trading
Tiger Brokers couples an easy-to-use app interface with advanced trading and research tools, as well as 24/5 US trading.
  • CHESS-sponsored ASX stocks. Buy Australian stocks with low brokerage.
  • Demo account. Start trading with paper money while you get up to speed.
  • Feature-packed app. Get free market data, customisation options and more.
  • Limited markets. Tiger Brokers only offers AU, US and Asian stocks.
Brokerage fees:
AU stocks: $2.99 per trade
US stocks: US$1.99
UK stocks: Not available
Other markets available: Details here

ETF brokerage fees:
AU stocks: $2.99 per trade
US stocks: US$1.99
UK stocks: Not available
Other markets available: Details here

Options:
ASX: Not available
US: US$0.95/contract (Min. US$3 per order)

Inactivity fee: $0

Currency conversion fee: 55 pips

4. Sharesies: Best trading app for beginners

Sharesies logo
3/5 ★★★★★
Compare Read review
Capital at risk
Invest as low as 1 cent
Has an auto-invest function
Trade in AU, NZ and US markets
Sharesies is a great beginner-friendly trading app offering plenty of accessible features like auto-investing, fractional shares, competitive fees, flexible pricing plans and worthwhile educational resources.
  • No minimum investment
  • AU, US and NZ shares
  • Auto-investing
  • Limited investment options
Brokerage fees
Sharesies offers 2 fee structures to choose from - ‘pay as you go’ and ‘monthly’ plans.

Pay as you go:
1.9% transaction fee on investments, capped.
Aussie Shares: $6 AUD per transaction
US Shares: US$5 per transaction
NZ shares: NS$25

Monthly Plans:
$5/month: Covers up to $500 orders with fees included.
$10/month: Covers up to $1,000 orders with fees included.
$20/month: Covers up to $3,000 orders with fees included.

Other markets: Details here
Inactivity fee: $0
Currency conversion fee: 0.60% of trade value

5. Syfe: For auto-investing on the go

Syfe logo
N/A ★★★★★
Compare Read review
Capital at risk
ASX and US stocks
Cryptocurrency investing
Portfolio investing
Syfe stands out among other trading apps because it offers ASX stocks, US stocks, investing goals and smart portfolios, all on the one app. While Syfe isn't the cheapest out there for either ASX or US trades, the fees are competitive and the app offers a solid all round experience for investors that favour simplicity.
  • Ready-made portfolios
  • Low fees
  • US and AU stocks
  • Recurring buys
  • Limited markets
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

6. Stake: Best investment platform (2024 Customer Satisfaction Award winner)

Stake Share Trading logo
4/5 ★★★★★
Compare Read review
Capital at risk
$3 brokerage fee per trade
No monthly fees for basic account
Buy and sell US stocks and ETFs
  • $3 brokerage for ASX CHESS-sponsored stocks
  • Replace
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Brokerage fees:
AU stocks: $3 (Up to and including $30,000); 0.01% (Over $30,000)
US stocks: US$3 (Up to and including $30,000); 0.01% (Over $30,000)
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)

7. CommSec Share Trading: Top rated bank platform

CommSec Share Trading Account logo
4/5 ★★★★★
Compare Read review
Capital at risk
Research tools available
Australian shares from $5 per trade
Get stock analysis and ratings
CommSec is the highest-rated bank-linked trading platform, with extensive research and trading tools, good market access and no inactivity fees. If you sign up with a Commonwealth direct investment account (CDIA) you'll get convenient access to share trading and competitive brokerage fees.
  • CHESS-sponsored shares. All new accounts are automatically CHESS-sponsored for ASX shares.
  • Real-time prices and market data. CommSec offers up-to-date data, analysis and news.
  • Higher brokerage fees. CommSec doesn't have the most competitive fees on global stocks.
Brokerage fee per trade:
AU stocks: $5.00 (up to $1,000 trade value); $10.00 (over $1,000 up to $3,000); $19.95 (over $3,000 up to $10,000); $29.95 (over $10,000 up to $25,000); 0.12% (over $25,000)
US stocks: USD$19.95 for trades up to USD$5,000; USD$29.95 for trades up to USD$10,000; 0.31% for trades above USD$10,000
USD$39.95 or 0.40% (whichever is greater)
Inactivity fee: $0
Currency conversion fee: 0.55% of trade value

8. Revolut: For gold and silver trading

Revolut logo
4/5 ★★★★★
Compare Read review
Capital at risk
Trade the US markets, commodities, and crypto for less
Incredibly low minimum deposits
3 free trades a month
Fintech specialist Revolut allows you to trade the US stock markets, metals and crypto for a low cost through its app. With incredibly low minimum deposits and 3 free trades a month before it starts charging brokerage, the app boasts some of the lowest costs around. The Revolut app .
  • First 3 trades are free, Cheap brokerage after that
  • You can invest in gold and silver
  • Easy to use app
  • Very limited trading tools
  • Lacks educational resources
  • No Australian stocks or ETFs
Brokerage fee per trade:
AU stocks: Not available
US stocks: 0.25% of the trade value (minimum $1.99).
Inactivity fee: $0
Currency conversion fee: No fee (0%), up to AUD$2,000 per rolling 30-day period (excludes transactions outside of exchange market hours). A 0.5% high-frequency fee applies for exchanges above this level

9. nabtrade: For the 4.5% p.a. high-interest cash account

nabtrade logo
4/5 ★★★★★
Compare Read review
Capital at risk
Free research facilities
Integrated banking features
Educational resources
nabtrade offers a host of research and educational tools to help traders stay ahead through their mobile devices. With a link to its banking product, nabtrade also makes it easier to move money from your investment account to an interest-earning cash account.
  • Strong research and educational tools
  • Earn interest on cash in a high-interest cash account
  • Invest in Australian and global shares
  • Not the cheapest broker around
  • Lacks some of the more advanced trading tools
Brokerage fee per trade:
AU stocks:
$9.95 fee for trades up to $1,000
$14.95 for trades $1,000.01 - $5,000
$19.95 for trades $5,000.01 - $20,000.00
0.11% of trade value for trades over $20,000.00
US stocks:
$9.95 for trades up to $1,000
$14.95 for trades between $1,000.01 - $5,000
$19.95 for trades between $5,000.01 - $20,000.00
0.11% of trade value for trades over $20,000.00
UK stocks:
$9.95 for trades up to $1,000
$14.95 for trades between $1,000.01 - $5,000
$19.95 for trades between $5,000.01 - $20,000.00
0.11% of trade value for trades over $20,000.00
Other markets: Details here

ETF brokerage fees:
AU ETFs:
$9.95 fee for trades up to $1,000
$14.95 for trades between $1,000.01 - $5,000
$19.95 for trades between $5,000.01 - $20,000.00
0.11% of trade value for trades over $20,000.00
US ETFs:
$9.95 for trades up to $1,000
$14.95 for trades between $1,000.01 - $5,000
$19.95 for trades between $5,000.01 - $20,000.00
0.11% of trade value for trades over $20,000.00
UK ETFs:
$9.95 for trades up to $1,000
$14.95 for trades between $1,000.01 - $5,000
$19.95 for trades between $5,000.01 - $20,000.00
0.11% of trade value for trades over $20,000.00
Other markets: Details here

Inactivity fee: $0

Currency conversion fee: 0.50% - 0.80%

10. Webull: For ETF trading

Our best trading app methodology

We analysed 40 trading platforms that were available to Australians in 2024 to come up with the highest-rated investment apps. Finder's proprietary "best trading app" algorithm rates platforms by the following criteria:

  • Average user ratings on the App and Play Stores
  • Platform and brokerage fees
  • User-friendliness
  • Access to ASX and US markets
  • Live chat support
  • Average app sign-up time
  • Availability on iOS and Android devices
  • Biometric login option
  • Availability of PayID
  • Availability of advanced order types via the app
  • Access to company financial details via the app
  • App stock alerts

Only trading apps with more than 50 reviews in the App Store and Google Play stores were included in our list. For more information about how our algorithm works, head to our full methodology explainer.

Alanna Glenn's headshot

"I use Interactive Brokers as my primary trading platform. It allows me to manage accounts AUD, CAD and USD, as well as trade stocks, options and funds on global markets."

Publisher

How do trading apps work in Australia?

Stocks and exchange-traded funds (ETFs) are listed on various stock exchanges around the world. To buy stocks from these exchanges, you’ll need a stock broker to act on your behalf. This is where trading platforms come in.

Trading platforms and apps let you enter buy or sell orders of stocks, which are then executed by a broker.

It’s worth noting that stock brokers and trading platforms partner with different exchanges, so the types of stocks you’ll be able to trade depend on which platform you choose to go with.

Some trading platforms partner with just 1 or 2 exchanges such as Wall Street’s NYSE or NASDAQ, while others like Interactive Brokers connect you to dozens.

Here in Australia, we have the aptly named Australian Securities Exchange (ASX), but there are many others around the world, including the New York (NYSE) and London (LSE) stock exchanges.

In Australia, most trading apps let you trade Australian stocks on the ASX while others only offer US-listed stocks. There are also a few global trading apps that offer stocks listed in other markets and these include Interactive Brokers, CMC Invest and eToro.

Finder survey: What do Australians of different ages use to invest in the stock market?

Response75+ yrs65-74 yrs55-64 yrs45-54 yrs35-44 yrs25-34 yrs18-24 yrs
An online broker or share trading platform31.34%24.57%23.46%25.56%26.1%25.81%12.63%
Full-service stock broker5.97%2.86%2.47%1.11%1.61%0.46%1.05%
Managed fund5.97%0.57%1.23%2.78%2.41%1.84%2.11%
Other1.49%2.29%0.62%2.22%0.8%0.46%1.05%
Micro-investment app1.14%2.47%3.33%1.61%4.61%1.05%
Robo-advisor0.62%0.56%1.2%1.84%1.05%
Source: Finder survey by Pure Profile of 1145 Australians, December 2023

How to find the best trading app for you

When it comes to choosing a trading app, there's no one best option that'll suit everyone's needs.

Instead, it's best to compare fees and features, choosing the app that aligns with your personal needs at the lowest price.

Here's what to consider when choosing a new trading app:

  • ASIC-regulated (see below)
  • User-friendliness
  • What investments do you want to trade: shares, ETFs or options
  • Where you want to trade: apps will only grant you access to specific markets, so keep where you want to trade in mind when choosing an app
  • Educational resources
  • Trading and other fees
  • Extras and rewards that the trading app provides
  • Minimum investment features
  • Whether your broker is CHESS sponsored (you can see a list of CHESS-sponsored brokers here)
  • Auto invest/round-up features
Chris Brycki's headshot
Expert insight

"Investors should prioritise simplicity, security and cost-effectiveness when choosing a trading platform. This might involve researching a platform's user interface and security features, as well as its fees and commission structures."

Founder, Stockspot

ASIC-regulated trading apps

Before you do anything else, you'll want to make sure the trading app you are signing up to is regulated by The Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL).

Unfortunately, fake or scam trading platforms that can appear legitimate are a growing problem. According to consumer watchdog ACCC, Australians lost $3.1 billion to investment scams in 2023 alone.

The best measure you can take to protect yourself is to check the trading app you're signing up to has an AFSL number that is registered with ASIC. At Finder, we only feature AFSL licensees in our investment guides and comparison tables.

What's the best trading app for beginners?

There's also no single best share trading platform for beginners. Instead, you could compare the following:

  • Low fees
  • Educational resources
  • Low minimum deposits
  • Fractional shares – although if you want to buy CHESS-sponsored shares, you won't be able to buy them in fractions
  • User-friendly features
  • Auto or micro-investing features
  • Copy trading

What fees do trading apps charge?

The cost of investing in stocks can be very different depending on which exchange the stocks are listed in. For example, stocks listed in Australia can be more expensive to trade than stocks listed in the United States, where greater competition has seen fees drop dramatically over the last few years.

Here are the main fees to look out for when buying and selling stocks through a trading app:

  • Brokerage (aka commission) fees: This is charged by the broker every time you place a buy or sell order and normally ranges from 0% to 1% of your trade. Some platforms will have a flat fee, while others will have a percentage fee based on the size of your trade.
  • Custody fees: Some brokers (typically in the US) charge an annual custody fee to hold stocks under your name.
  • Currency conversion fee: If you are trading stocks listed in foreign currencies, you'll typically be charged a fee for converting your funds into the currency of the stock you wish to trade. So while you might pay $0 brokerage to trade international stocks on some platforms, you'll want to keep an eye on how much you'll pay to convert your AUD.
  • Inactivity fee: Some brokers charge a fee if your account has been inactive for a certain length of time.
  • Subscription fees: Some brokerage firms in Australia charge an account maintenance or subscription fee to access advanced features.

There are many other types of fees you can be charged, such as an account closure fee, a money transfer fee and even a fee if you don’t place enough trades in any given month. Make sure to do your homework before signing up.

Compare other share trading apps

Name Product AUFST Price per trade Inactivity fee Asset class International
eToro
Exclusive
eToro
US$2
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
Yes
Exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account. T&Cs apply.
Trade stocks, commodities and currencies from the one account and get access to social trading.
Tiger Brokers
Finder AwardExclusive
Tiger Brokers
US$1.99
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Yes
Finder exclusive: Get 10 no-brokerage US or ASX trades in the first 180 days, plus US$30 NVDA shares (+US$30 TSLA shares ) when you deposit AU$2000 or more. Get 7% p.a. on uninvested cash for 30 days. T&Cs apply.
Trade US, Asian and CHESS-sponsored ASX stocks and US options.
CMC Invest
Finder Award
CMC Invest
$0
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Yes
$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Moomoo Share Trading
US$0.99
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Yes
Finder exclusive: Unlock up to AUD$4,000 AND US$4,000 in $0 brokerage over 60 days. T&Cs apply.
Trade US, Asian and CHESS-sponsored ASX stocks and get access to social trading
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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.

Name Product AUFST-RBO Fees Minimum Investment Investment product Number of Portfolios
Spaceship Voyager
$3 a month (on accounts over $100)
$0
Stocks, Cash, ETFs
5
Invest in Australian shares, global shares and cash markets.
More Info
InvestSMART Robo Advice
Best Rated Brand
InvestSMART Robo Advice
From $55 /year
$5,000
ETFs
8
More Info
Super Obvious
$2/Month
$1
Managed Fund
1
More Info
OpenInvest
From $7 per month
$20,000
Stocks, bonds, cash, ETFs
12
More Info
Bloom Impact
$4.50/Month
$500
Shares, ETFs
1
More Info
Raiz Invest
Raiz Invest
From $4.50 /month
$5
ETFs
9
Invest in Australian and international stocks, fixed income/bonds and cash.
Stockspot
Stockspot
From $5.50 /month
$2,000
ETFs
10
QuietGrowth
QuietGrowth
From 0.6% /year
$3000
ETFs
5
Kwala
From $2/Month
$10
Shares, ETFs, Managed Funds
1
More Info
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Share trading updates: October 2024

  • September: The ASX 200 and S&P 500 hit new all-time highs in late September as global stock markets continued their strong showing in 2024.
  • August: Australian and US markets recovered from a sudden crash in early August to return to near all-time highs.
  • July: Leading stock indices including the S&P 500 and Nasdaq-100 have hit new all-time highs as US tech stocks go from strength to strength.
  • June: The first Australian Bitcoin ETF under new crypto licensing rules launched on 4 June 2024.

Have you had these questions about share trading apps?

To make sure you get accurate and helpful information, this guide has been edited by David Gregory as part of our fact-checking process.
Kylie Purcell's headshot
Written by

Investments analyst

Kylie Purcell is the senior investments editor and analyst at Finder. She has completed a Certificate of Securities and Managed Investments (RG146) and specialises in investment products including online brokers, robo-advisors, stocks and ETFs. See full bio

Kylie's expertise
Kylie has written 143 Finder guides across topics including:
  • Investment strategies
  • Financial platforms
  • Stockbrokers
  • Robo advisors
  • Exchange traded funds (ETFs)
  • Ethical investing
  • ASX stocks
  • Stock and forex markets

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2 Responses

    Default Gravatar
    RodMarch 6, 2018

    Which app is the best for trading shares in Australia? What app lets me choose my own bank to withdraw funds from and cheaper broker fee?

      AvatarFinder
      RonMarch 9, 2018Finder

      Hello Rod,

      Please note that we are unable to suggest personalized recommendation as to which trading share app is the best for you as each app has their own functionalities and each user has their own preferences. You may read forums and reviews instead on the most helpful trade sharing app people have been using.

      Our page discusses a comprehensive guide you may refer to in choosing a share trading app and it also has some reviews on the available mobile trading apps you can choose from. Kindly go through this page to review the pros and cons of some apps.

      — CommSec app
      — nabtrade IRESS mobile
      — Westpac Online Investing
      — CMC Markets Stockbroking Mobile Platform
      — Bell Direct Mobile App
      — IG trading app
      — HSBC Online Share Trading

      Additionally, you may check the reviews on play store or app store for each app to see their users’ feedback.

      Hope this helps!

      All the best,

      Ron

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