Trading stocks from your mobile or tablet has become increasingly popular in recent years. Gone are the days when trading ASX stocks meant being tied to a desk. Many brokers have developed stock trading apps for mobile and tablet that allow you to trade the financial markets from anywhere. In this article we will compare the best stock trading apps in Australia
Before choosing a trading app, it’s important to consider factors such as fees, features, ease of use, customer support and security. It’s also a good idea to read reviews and compare different apps to find the one that best suits your individual needs and trading style.
Choosing a Stock Trading App
There are several factors to consider when choosing a stock trading app. As with many financial products, there is no single stock trading app that is best for everyone. Different apps will be better suited to different traders and so much will depend on your individual goals.
Top Australian Brokers
- City Index - Aussie shares from $5 - Read our review
- Pepperstone - Trading education - Read our review
- IC Markets - Experienced and highly regulated - Read our review
- eToro - Social and copy trading platform - Read our review
The primary consideration should be to keep the amount of fees and charges you will pay to trade stocks to a minimum. Many stock trading apps will offer zero commission on stocks, however these brokers may charge you in other ways, such as deposit and withdrawal fees.
Other factors to take into account include the number of stocks and other assets available to trade, the minimum deposit amount and how user-friendly you find their app.
Compare Stock Trading Apps in Australia
| Stock Trading App | Minimum Deposit | Platforms | Product Selection |
|---|---|---|---|
| eToro | $50 AUD | eToro Trading Platform | Shares, Cryptocurrencies, ETFs |
| Pepperstone | $0 AUD | MetaTrader 4 MetaTrader 5 cTrader TradingView |
ASX Shares, Global Shares, Forex, Indices, Cryptocurrencies, Commodities |
| City Index | $150 AUD | MetaTrader | Forex, Shares, Indices, Cryptocurrencies, Commodities |
| BlackBull | $0 AUD | TradingView, MetaTrader | Shares, Indices, Commodities, ETFs, Cryptocurrencies, Forex |
| IC Markets | $200 AUD | MetaTrader 4 MetaTrader 5 cTrader |
ASX Shares, Global Shares, Indices, Commodities, Forex, Cryptocurrencies |
| AvaTrade | $100 AUD | WebTrader AvaTradeGO MT4 MT5 AvaOptions | Indices, FX, Shares, Commodities, Cryptocurrency, ETPs, Options, Interest Rates, Bonds |
| QuadCode | $50 AUD | Quadcode Trading Platform | CFD on Forex, Commodities, Cryptocurrency, Indices, Shares, Options and ETFs |
| GO Markets | $200 AUD | MetaTrader 4 MetaTrader 5 WebTrader Mobile |
Stocks, Indices, Commodities, Crypto |
eToro
eToro’s trading app is a great choice for stock trading due to its unique social trading functionality, low fees and user-friendly design. The social trading feature allows users to view and follow the trades of successful investors, which can be a valuable learning tool for beginners and a source of new investment ideas for more experienced traders.
As one of Australia’s best stock brokers, eToro’s fees for trading stocks are relatively low compared to other trading apps, with no ongoing account fees. eToro also offers a range of educational resources and tools, including webinars and market analysis, to help users improve their trading skills.
The app itself is designed with the user in mind. It has a clean and intuitive interface that makes it easy to navigate and trade. It also offers real-time market data and customisable charts, as well as a range of order types to suit different trading strategies.
Overall, eToro’s trading app is a great option for those looking to trade stocks in a user-friendly and cost-effective way, while also gaining access to social trading features and educational resources.
Key Statistics
- Founded in 2007
- Headquarters in Israel
- Over 30 million users
- Available in 100+ countries
- Trade stocks, ETFs and crypto
- Regulated by ASIC
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Pepperstone
Pepperstone is an Australia-based online trading platform that offers a range of financial instruments for trading, including forex, stocks, indices, commodities and cryptocurrencies. The platform is known for its fast execution speeds and powerful trading tools, making it a popular choice among traders around the world.
Recently, the app has had 24 hour trading enabled for selected US listed shares, and has a broad range of ASX listed shares available during normal trading hours.
Pepperstone’s mobile trading app is designed for speed. Its fast and easy-to-use mobile trading application will have you up and running in no time, and you will be able to execute your strategy quickly.
The market data, charting and analysis packages that you expect with other trading applications all come as standard, making Pepperstone’s trading application package one of the better ones on the Australian market.
In addition, the broker offers a range of trading accounts to suit the needs of different traders, including beginner-friendly accounts with low minimum deposits and advanced accounts with higher leverage and trading features.
Pepperstone is known for its reliable and trustworthy trading platform, which is regulated by multiple regulatory authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.
Key Statistics
- Fast and fully digital account opening
- Great customer service
- Seamless and free deposit and withdrawal
- Supports nine different base currencies
- Demo account available
- $0 minimum deposit
City Index
City Index is an Australia-based online trading platform that offers a range of financial instruments for trading, including forex, stocks, indices, commodities and cryptocurrencies.
If you’re looking to trade stocks in Australia, City Index is a reliable option that’s packed with features to make your trading journey smoother. The app is easy to use, with a clean interface that’s perfect for beginners, but it also offers advanced tools like real-time pricing, detailed charting, and custom indicators for more experienced traders.
A standout feature is commission-free trading on some accounts, and if you are trading Hong Kong stocks, this is a big win if you’re keen to keep costs down. Plus, the app works seamlessly with its desktop platform, making it super convenient to switch between devices. While there are some educational resources available, this could be fleshed out in comparison to some others.
Overall, City Index is a solid choice for traders Down Under. Whether you’re just starting out or you’ve got more experience, it strikes a great balance between simplicity and advanced functionality—though there’s always room for improvement!
Key Statistics
- Smooth account opening
- Great customer service
- Easy to use
- Demo account available
- $150 minimum deposit
IC Markets
IC Markets is a popular trading app for stocks, forex and CFDs that is known for its competitive spreads, fast execution speeds and advanced trading tools.
For stock trading, IC Markets offers access to a wide range of international stock exchanges with low commissions and fees. The app also offers a range of advanced trading tools such as automated trading and custom indicators, which can be useful for more experienced traders. The broker offers a variety of order types and charting tools to help traders implement their strategies. IC Markets is one of the best ASX trading platforms.
One of the main advantages of IC Markets is its low spreads and fast execution speeds, which can help traders maximise their profits and minimise their risks. The app is also user-friendly, with a clean and intuitive design that makes it easy to navigate and trade.
Key Statistics
- Trade over 2,100 stocks
- ASX, Nasdaq, NYSE
- Ultra-fast execution
- Earn dividends
- Trade with the most popular trading platforms
- Founded in 2007
BlackBull
In it’s 10 year history, BlackBull has become a trusted app for stock trading, offering access to over 26,000 tradeable instruments. The app caters to Australian traders with an extensive selection of global shares, ETFs, forex, indices, commodities, and even cryptocurrencies, all from a single, user-friendly interface.
With competitive pricing, fast execution, and seamless integration with MetaTrader 4 and 5, the app supports traders at all levels.
Whether you’re building a diversified portfolio or focusing on individual shares, BlackBull’s trading app provides the tools to help you achieve your trading goals.
Key Statistics
- 26,000 instruments
- Award-winning execution
- TradingView, and MetaTrader platform options
AvaTrade
AvaTrade is a leading online trading platform that offers a range of financial instruments for trading, including forex, stocks, commodities, indices and cryptocurrencies. Founded in 2006, the platform has grown to become one of the most trusted and reliable online trading platforms in the industry, with over 300,000 registered traders around the world.
One of the key advantages of trading with AvaTrade is its tools designed to help traders make informed trading decisions. The platform offers a range of technical analysis tools, customisable charts, and real-time news and market data, as well as a range of order types and risk management features.
AvaTrade’s mobile trading app is available for both iOS and Android devices and is designed to make trading on the go fast, simple and intuitive. Users can customise their trading application so that the data critical to them can be accessed quickly. Incorporating risk management tools ensures that you are ready to trade around the clock.
One of the key advantages of trading with AvaTrade is its low fees. The broker offers tight spreads on all major currency pairs, as well as low commissions on stocks, indices and other instruments. AvaTrade offers a range of trading accounts to suit the needs of different traders, including beginner-friendly accounts with low minimum deposits and advanced accounts with higher leverage and trading features.
Key Statistics
- 0% commission
- Award-winning support
- Low spreads
- Proprietary social trading platform AvaSocial
- Islamic account
- Pioneering online trading since 2006
Quadcode Markets
Quadcode Markets is a brokerage platform that offers traders a comprehensive suite of CFD trading services.
The Quadcode Markets trading application is available for download on iOS and Android. It is a fully mobile platform with a simple, user-friendly interface.
Manage your portfolio, monitor stocks, trade and manage your investments from anywhere with this stock trading app.
You can trade forex, stocks, commodities and ETFs with real money or, if you’re still getting up and running, there is a demo account available with free reloadable starting capital. Once you deposit $50 AUD, you can switch to live trading.
The application is only available in Australia, providing assurance to the user that they are part of a focused marketplace, supported by 24/7 online chat and an email customer support centre.
Quadcode Markets’ CFD trading application is a user-friendly proprietary trading platform, and regulation by the Australian Securities and Investments Commission (ASIC) provides the comfort and assurance of oversight by a reputable regulatory commission.
Key Statistics
- Founded in 2022
- 24/7 customer support
- User-friendly proprietary trading platform
- Multiple deposit and withdrawal options
- Segregated client funds
- Regulated by ASIC
GO Markets
GO Markets’ mobile trading app is available for both iOS and Android devices and is designed to make trading on the go fast, simple and intuitive. Like many of the other trading applications on the market, GO Markets’ trading application is fully customisable. The user can add in key markets, pieces of analysis, or change the layout to suit their needs.
One of the key advantages of trading with GO Markets is its low spreads. It offers some of the lowest spreads in the industry, with spreads as low as 0.0 pips on some currency pairs, as well as low commissions on stocks, indices and other instruments. GO Markets’ spreads are aggregated from 22+ Tier-1 and 2 liquidity providers.
GO Markets offers a range of trading accounts to suit the needs of different traders, including beginner-friendly accounts with low minimum deposits and advanced accounts with higher leverage and trading features.
Overall, the GO Markets trading app is a powerful and user-friendly mobile trading platform that is well-suited to traders in Australia who are looking for a reliable and competitive service. With its range of features, low spreads and reliable regulation, GO Markets is a popular choice among Australian traders.
Key Statistics
- Australia’s first MT4 broker
- First choice for CFDs
- Rated number one for customer service
- Licensed by the Financial Services Commission (FSC)
- 24/5 dedicated client support
- Leverage up to 20:1
Stock Trading Apps FAQs
What is the best stock trading platform in Australia?
There are several popular stock trading platforms in Australia, and the best platform for you may depend on your individual needs and preferences. We have reviewed various brokers in detail here.
What is the best app to track ASX stocks?
There are several apps available to track ASX stocks. Some popular options including the CommSec app, SelfWealth app, MarketView app, and Stocklight app. These apps provide real-time stock quotes, market news, portfolio tracking, and other useful features.
How do beginners trade stocks in Australia?
For beginners looking to trade stocks in Australia, it’s advisable to follow these steps: a. Educate yourself: Learn about the basics of stock market investing, different investment strategies, and risk management. b. Open a trading account: Choose a reputable online broker that suits your needs and open a trading account with them. c. Research and select stocks: Conduct thorough research on stocks, analyze company financials, and consider market trends to identify potential investment opportunities.
Only once you are completely comfortable with your plan should you move on to the next steps.
Does the Australian Stock Exchange have an app?
Yes, the Australian Securities Exchange (ASX) has an app called “ASX Market.” This app provides access to real-time market data, news, company announcements, and other ASX-related information.
How much money do you need to start trading in Australia?
The amount of money needed to start trading stocks in Australia can vary depending on various factors. These can include the trading strategy, broker requirements, and the stocks or financial instruments you plan to trade. While there is no specific minimum requirement set by regulators, it’s generally recommended to have a sufficient amount of capital to cover potential losses and meet margin requirements if you plan to trade on margin. Some of the best stock trading apps in Australia allow you to begin trading with as little as $50.
What is the minimum first trade on ASX?
The minimum first trade on the ASX depends on the brokerage or trading platform you choose. Different brokers will have varying requirements for minimum trade sizes rather than it being set by ASX. Some brokers may have no minimum trade requirements and allow to buy fractions of shares. Others may set a minimum trade amount, which can range from a few dollars to several hundred dollars. It’s advisable to check with your chosen broker, app, or platform for their specific minimum trade requirements.
