TheBull.com.au reviews the best brokers in Australia for trading online.
Our Australia broker reviews cover those that support stocks, options, ETFs, mutual funds, forex, bonds, and similar investments. There are various modern stock brokers that also support CFD, cryptocurrency, futures, equities and commodity trading with full product details inside the detailed review.
Our goal is to provide the most in-depth online broker reviews so TheBull readers can find the best brokerage or advisor for their investing needs. Each year our team of traders test and assess these firms on over 290 variables which formulate their star ratings for various categories, as well as the scoring for the Annual Review.
Buying ASX stocks online historically consisted of buying shares with your bank or via a financial advisor for a transaction cost but the move to online brokers has brought a new wave of potential opportunities to trade many products on one platform with fees greatly reduced. We include below some brokers that allow you to buy ASX and International stocks with added purchasing power (or using leverage) via a ‘CFD’ as this can reduce transaction fees in many cases and allow greater flexibility compared to the more traditional bank based broker. We highlight this under the ‘trade type’ header to allow our readers to find the most appropriate choice.
A full list of online broker reviews are listed below. Click ‘apply’ to go the broker directly ‘review’ to read the detailed guide.
| BROKER | FEATURES | REGULATOR | PLATFORMS | TRADE TYPE | APPLY/DEMO ACCOUNT |
|---|---|---|---|---|---|
PEPPERSTONE |
Australian based Well established & large broker Offers trading education |
ASIC, FCA, CySEC, BaFIN, CMA, DFSA & SCB |
MetaTrader & cTrader MT4 (desktop and web), MT4 Multi-terminal, MT5, cTrader, cAlgo and TradingView. |
FX, Indices, Limited Stocks, cryptos, and Commodities (as CFDs) |
|
City Index |
Australian shares Commission Free HK Shares Innovative Trading Platforms on Mobile or Web Multi Asset |
ASIC, CFTC, FCA, SFC, FSA, MAS, CIRO, CIMA, CySEC |
MetaTrader |
Forex, Stocks, ETFs, Indices, Commodities, Crypto |
|
Vantage |
Spreads from as low as 0.00pips Super-fast trade execution Zero commissions in gold and US stock CFD markets |
ASIC |
MT4, MT5, TradingView |
Stocks, FX, CFDs, Indices, Crypto, Commodities, Bonds |
|
|
Thousands of Instruments Crypto, CFDs, Forex, Stocks Beginner Friendly Flexible Leverage |
FMA |
TradingView, MT4, MT5 |
Stocks, FX, CFDs, Indices, Crypto, Commodities |
|
eToro |
Social and Copy Trading Platform Crypto and Stocks 24/5 Customer Support Beginner Friendly |
ASIC, CySEC, FCA |
eToro Platform |
Stocks and Crypto |
|
Interactive Brokers |
Powerful market-leading trading platforms Strong regulatory and financial position Extensive range of markets and instruments to trade |
SEC, CFTC, FCA, UK FSCS, ASIC |
TWS, IBKR Client Portal |
Forex, Stocks, ETFs, Options, Bonds and Futures |
|
Avatrade |
One of the big players in the online broker sector Platform packed with powerful trading tools that are easy to use |
ASIC, FCA, CySEC |
MT4, MT5, Mobile App, WebTrader |
FX, Indices, Stocks, Commodities, Cpypto (all as CFDs) |
|
IC Markets |
– An experienced and highly regarded industry leader – Highly rated in several categories by global customers on Trustpilot |
ASIC |
MT4, MT5, Web platform |
FX, Indices, Stocks, Commodities, Cpypto (all as CFDs) |
|
CFD Service. Your capital is at risk. |
Fast, secure, simple and user-friendly trading platforms 24/7 customer support Regulation in four countries
|
ASIC, CySec, FMA, FCA |
Plus500 WebTrader, Plus500 app |
Over 2,000 CFD markets, covering asset classes that include stocks, forex, indices, ETFs, options, commodities and cryptocurrencies. |
|
OANDA |
Long-track record and well regulated Impressive research and analysis tools Innovative approach and unique features |
ASIC |
OANDA Trade platform |
Stocks, Forex, CFDs |
|
Quadcode Markets |
Regulated Australian multi-asset CFD broker Free demo account with a replenishable $10,000 balance |
ASIC, AFSL |
Quadcode Markets’ trading platform |
Forex, stocks, commodities, and cryptocurrencies (as CFDs) |
|
IG |
Experienced and heavily regulated Highly rated by reviewers Extensive product array and user-friendly platforms |
ASIC, FCA, FMA, CFTC, MAS |
IG platform, MetaTrader |
FX, Indices, Stocks, Commodities, Crypto (all as CFDs), as well as share direct trading |
|
YouHodler |
An established FinTech platform Has regulatory approval in the EU and Switzerland Offers various crypto and fiat services |
OAM |
TradingView |
Crypto |
