Brokers Reviews

Online Broker Reviews

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

eToro

Social and Copy Trading Platform

Crypto, CFDs, Forex, Stocks

24/5 Customer Support

Beginner Friendly

ASIC, CySEC, FCA

eToro Platform

Stocks, FX, CFDs, Indices, Crypto, Commodities

review Apply AFSL 491139.Capital at risk. See PDS and TMD

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)

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
User-friendly platform

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

review Apply CFDs are complex instruments and come with a high risk of losing money rapidly with leverage.

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)

YouHodler

An established FinTech platform

Has regulatory approval in the EU and Switzerland

Offers various crypto and fiat services

OAM

TradingView

Crypto