A trading application is a software program that allows users to trade various financial instruments such as stocks, options, forex and cryptocurrencies. These apps have become increasingly popular in recent years, thanks to their ease of use, accessibility and convenience.
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.
In this article, we will consider the best stock trading apps in Australia.
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.
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 | Forex, Shares, Indices, Cryptocurrencies, Commodities, ETFs |
| IC Markets | $200 AUD | MetaTrader 4 MetaTrader 5 cTrader |
ASX Shares, Global Shares, Indices, Commodities, Forex, Cryptocurrencies |
| Quadcode Markets | $50 AUD | Quadcode Trading Platform | CFD on Forex, Commodities, Cryptocurrency, Indices, Shares, Options and ETFs |
| TMGM | $100 AUD | MetaTrader 4 (MT4), MetaTrader 5 (MT5) and IRESS platforms | CFDs on Forex, Futures, Indices, Metals, Energies, Shares and Crypto. |
| IG Markets | $0 AUD | MetaTrader 4
ProRealTime IG Trading Platform and Apps L2 |
Indices, FX, Shares, Commodities, Cryptocurrency, ETPs, Options, Interest Rates, Bonds |
| AvaTrade | $100 AUD | WebTrader AvaTradeGO MT4 MT5 AvaOptions | Indices, FX, Shares, Commodities, Cryptocurrency, ETPs, Options, Interest Rates, Bonds |
| Pepperstone | $200 AUD | MetaTrader 4 MetaTrader 5 cTrader TradingView |
ASX Shares, Global Shares, Forex, Indices, Cryptocurrencies, Commodities |
| 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 and a flat $0 commission for buying stocks. 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, forex and crypto
- Regulated by ASIC
eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
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
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
TMGM
TMGM is one of the best stock brokers in Australia due to its reputation for reliability, security and versatility. As a beginner investor, you can count on TMGM to provide you with the tools, resources and support you need to make informed trading decisions and build a successful investment portfolio.
One of the key advantages of TMGM is its user-friendly and innovative trading platforms. These include the MT4 and MT5 platforms, which offer advanced trading tools, real-time market data, and analytical charts that can help you identify trends and make informed trades.
TMGM offers a range of educational resources, including trading tutorials, webinars and market analysis, to help you build your knowledge and skills.
Another reason to consider TMGM as a beginner investor is its competitive pricing. The broker offers tight spreads and low commissions, which can help you maximise your profits and minimise your costs. TMGM prioritises client security and uses advanced encryption technologies to protect your funds and data.
TMGM’s extensive product range, which includes over 12,000 financial instruments across seven asset classes, means that you have a wide range of options to choose from and can easily tailor your trades to your investment goals and risk tolerance.
If you’re a beginner investor looking for a reliable and versatile stock broker that offers competitive pricing, user-friendly platforms and educational resources, TMGM is definitely worth considering.
Key Statistics
- Impressive education toolset
- Exclusive IRESS platform available
- Minimum deposit of $100
- 12,000 tradable symbols
- Competitive commission rates
- Founded in 2013
IG Markets
IG Markets is a well-known and established online trading platform that offers a wide range of financial instruments for trading, including forex, stocks, indices, commodities and cryptocurrencies. The platform is popular among traders in Australia due to its competitive pricing and user-friendly mobile app.
The IG Markets trading app is available for both iOS and Android devices, and offers a range of features designed to make trading on the go fast, simple and intuitive. The app includes a customisable homepage that allows traders to quickly access their favourite markets, as well as a range of technical analysis tools, real-time news and market data, and various order types and risk management features.
One of the key advantages of trading with IG Markets in Australia is its competitive pricing and low fees. It offers tight spreads on all the major currency pairs, as well as low commissions on stocks, indices and other instruments.
As one of the best stock trading platforms in Australia, IG 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.
IG Markets is also known for its reliable and trustworthy trading platform, which is regulated by the Australian Securities and Investments Commission (ASIC). This means that traders in Australia can trade with confidence, knowing that their funds are safe and secure.
The IG Markets trading app is powerful and user-friendly, and is well-suited to traders in Australia who are looking for a reliable and competitive mobile trading platform.
Key Statistics
- 24/5 expert support
- World’s number one CFD provider
- Fast execution on more than 17,000 markets
- 81 indices markets
- Deep liquidity
- Award-winning web platform
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
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.
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
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
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 with 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, including 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 we feature on the list above will 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, while 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.
