75% of retail investors lose money when trading CFDs. 75% of retail investors lose money when trading CFDs.
If you’re looking for the best stock trading app Australia – you’ve got plenty of providers to choose from. Most allow you to buy and sell stocks on the move, as well as check the value of your portfolio at the click of a button.
With that said, as the stock market apps Australia are backed by online brokerage firms – you need to check metrics concerning fees, commissions, payments, and of course – safety. Regarding the latter, your chosen app should be licensed by a reputable body like ASIC, CySEC, or the FCA.
In this guide, we review the best stock trading app Australia right now. On top of discussing the top-rated providers to consider, we’ll also walk you through the process of getting started with an Australia stock trading app.
AvaTrade– Top AU Trading App with Social Trading, Options, and More
Plus500 – Best Stock Trading App for Low-Cost Trades
IG – Best Stock Trading App Australia for Creating a Diversified Portfolio
Trading212 – Best Share Trading Platform Australia for ISAs
Skilling – Best Stock Trading App Australia for MT4
Westpac – Most Trustworthy Stock App in Australia
ANZ – Best Share Trading Platform Australia for Domestic Shares
Pepperstone – Best Australia Stock Broker with Social Trading Features
Best Stock Market App for Beginners Revealed
With so many stock trading apps now serving the Australian market – it took us time to get our list down to just a handful. For example, we looked at everything from how much the best share trading app Australia charges in fees, what AUD payment methods it supports, and whether or not your money is safe.
Taking all of these metrics into account (and then some) – below you will find the best stock investment apps in Australia.
1. eToro – Overall Best Stock Trading App Australia with Zero Commission
eToro is by far the best stock trading app for beginners in Australia. Crucially, this popular online trading app is fully regulated by ASIC – as well as the FCA and CySEC. This means that you can buy and sell stocks in a 100% secure environment. It takes just minutes to get started with this stock trading provider and the app is compatible with iOS and Android.
If you’re considering how to buy stocks in Australia, in terms of what you can trade, the eToro investment app covers 17 international markets, including many of the best stocks to buy. Whether you’re keen on stocks from the UK, US, Canada, Hong Kong, France, Germany, or Sweden – eToro has you covered. Regardless of the specific stocks, you decide to trade on the app, you won’t pay a single penny in commission. This is somewhat uncanny, as most Australian online brokers charge a variable commission when you trade.
Although leverage and short-selling are supported by eToro, you can also buy stocks as opposed to trading them. This means that you can keep the stock in your investment portfolio for as long as you wish – without incurring any annual maintenance fees. If you’re also looking to trade other asset classes, eToro is the best cryptocurrency exchange Australia and also hosts exchange traded-funds (ETFs), indices, forex, and commodities. All of these assets are also covered by the eToro commission-free guarantee and can be accessed through its app.
If you like the sound of stock trading but you have no experience in this space, as the best platform to trade stocks in Australia and praised by many experts in the industry, eToro offers a CopyTrading feature. As the name implies, this allows you to copy an experienced trader that uses the eToro platform – like-for-like. Once you have downloaded the eToro stock trading app, you will need to make a deposit of at least $200 – or about AUD $217. You can also invest through eToro in the best ETFs Australia.
Still not convinced about the eToro investment app? Read our comprehensive eToro app review to find out more about what this Australian stock trading app offers.
Regulated by the FCA, CySEC, and ASIC
Trusted brand with over 13 million client accounts worldwide
Buy stocks without paying any commission or share dealing charges
Social and copy trading
Buy stocks or trade CFDs with leverage (Non-US)
1,700+ stocks listed on multiple international markets
Personalised eToro account where you can set up trading price alerts
Not suitable for advanced traders that like to perform technical analysis
67% of retail investors lose money trading CFDs at this site.
2. Eightcap – Best MT4 Stock App with Low Spreads
Eightcap is a new and exciting stock app that’s quickly become popular with traders. For starters, it’s compatible with both MT4 and MT5, so it’s ideal if you want to take advantage of the many advanced trading tools available on these platforms.
This app is a popular good choice if you’re looking to invest in US and Australian stocks, with great coverage of these markets. This means you can invest in a wide range of top companies, from Amazon and Apple in the US to Rio Tinto and BHP Group in Australia.
One of the best things about trading stocks on Eightcap is the incredibly low spreads, which start from 0 pips if you choose a RAW account. This account has a very low £3.5 commission, or you can go for a zero commission standard account in which spreads start from just 1 pip.
The minimum deposit is also just $100, so you can get started with a relatively small amount. You can make your deposit through a variety of different methods, including PayPal, POLi, Neteller and Skrill.
Eightcap is a very transparent trading app that offers direct market access with no price manipulation, and it also boasts premium liquidity. Overall, this is a great app if you’re looking to trade US and Australian stocks with low spreads.
3. Capital.com – Cheapest Stock Broker in Australia
Capital.com is another Australian stocks trading platform that’s worth looking into. It is considered as one of the CFD brokers because it offers trading on more than 3,000 stocks from the UK, US, and Europe. You can also trade dozens of ETFs, commodities, forex, and more.
All trading on Capital.com is 100% commission-free, which makes this broker very attractive for all types of stock traders. The broker does charge spreads on its share CFDs, but they’re among the lowest in Australia. On another hand, if you’re wondering how to buy shares in Australia you should know that all shares can be traded with leverage up to 5:1 and there’s no inactivity fee if you ever take a short break from trading.
Capital.com has its own, custom-built trading platform for the web and mobile devices. It’s very easy to use and includes dozens of technical studies to help you identify trading opportunities. Even better, the platform integrates with TradingView, so you can easily create your own studies and switch between several advanced chart types.
Another thing we like about Capital.com is that it actively helps you trade better by offering share tips. The brokerage platform uses AI to find patterns in your trading and identify what factors are contributing to your wins and losses. You can easily review the suggestions and make small changes to your trading strategy or timing to improve your profitability.
Capital.com is regulated by the UK FCA. The broker offers 24/7 customer support, which is very nice if you ever need help with your account. In addition, it takes just £20 to open a new account with Capital.com.
100% commission-free stock CFD trading
Trade over 3,000 stocks from the UK, US, and Europe
71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
4. AvaTrade – Top AU Trading App with Social Trading, Options, and More
AvaTrade is another popular Australian trading app that has a lot to offer. To start, this broker is a CFD trading platform only. That means you cannot buy shares outright, but you do get a number of other benefits. For example, you can trade shares with leverage up to 10:1 and you can short stocks as well as buy them.
AvaTrade offers a couple of different trading platforms for you to use, including its own custom mobile app and web trading software. The app comes packed with dozens of technical studies and indicators, as well as a watchlist, news feed, price alerts, and more. We also love that AvaTrade’s app makes it easy to enter a trade by using simple on/off sliders and preset values wherever possible.
Another benefit to this stock app is that it offers social trading through the AvaSocial app. Unfortunately, this is separate from the main AvaTrade app, which can be a bit of a hassle. But we think you’ll be willing to forgive this when you see the quality and breadth of traders available to copy. You can also start one-0n-one conversations with more experienced traders, which is a great way to learn new trading strategies.
AvaTrade is regulated by the UK FCA and the Australian Securities and Investments Commission (ASIC). You can open an account with as little as $100 and it’s easy to make a deposit via credit card, debit card, or bank transfer. If you need help, you can get in touch with AvaTrade’s support team 24/5.
5. Plus500 – Stock CFD Trading App with Low Spreads
Plus500 is another of the best CFD trading platforms that is worth considering. The platform is licensed by ASIC, as well as the FCA. You can easily open an account and the minimum deposit is just $100. Plus500 supports Australian debit/credit cards, Paypal, and bank transfers.
In terms of what you can trade, Plus500 offers a wide selection of stock CFD markets. Popular exchanges include the London Stock Exchange, NYSE, and NASDAQ. Heaps of Australian stocks are supported too. If you’re interested in less liquid stock trading markets, the Plus500 app covers Singapore, Hungary, Finland, Belgium, Denmark, and Italy.
If you want to trade other asset classes alongside stocks, Plus500 hosts everything from bonds and indices to cryptocurrencies and forex. These all come via CFD instruments. This means that you can apply the leverage of up to 1:300 until the new ASIC restrictions come into play in April 2021. When they do, you’ll be capped at 1:30 like traders in the UK and Europe are.
Once you’ve loaded the app up, you will also be able to trade via the Plus500 demo account facility. This comes with a pre-loaded balance and it replicates real market conditions. In terms of trading fees, all markets on the Plus500 stock app are commission-free. Its usability awards Plus500 with the title of having the best stock buying app. When trading stocks listed on major exchanges – you will benefit from super-tight spreads. There are no deposit or withdrawal fees, either.
6. IG – Best Stock Trading App Australia for Creating a Diversified Portfolio
IG is a heavyweight brokerage firm located in the UK, albeit, it is also super-popular with Australians. This is evident in the fact that IG holds a fully-fledged ASIC license – subsequently allowing Australian traders to invest safely and securely. This particular stock trading app stands out for the sheer number of markets on offer.
In fact, once you download the app – which is compatible with iOS and Android phones, you’ll have access to over 17,000 CFD instruments. This covers thousands of stocks across numerous exchanges. Not only does this include Australian stocks – but heaps of international exchanges are located in North America, Europe, and Asia, so IG is one of the best investment apps Australia for asset diversity.
Regarding domestic stocks, this includes the likes of Qantas, Westpac, Commonwealth Bank, Afterpay, and BHB Holdings. When it comes to trading fees on this popular stock app, this will vary depending on the market you wish to access. For example, Australian stock CFDs are charged at 0.08% per slide – at a minimum of AUD $7. The UK and European stocks will cost you 0.10% – at a minimum of £10 and €10, respectively.
Other exchanges and markets, such as forex, bitcoin, and mutual funds are priced differently, so be sure to check this out before placing a trade. In terms of getting started, the IG stock trading app requires a minimum deposit of $300 – or about AUD $400. The app supports Australian debit and credit cards. But, the latter will attract a fee of 0.5% or 1% when using MasterCard or Visa, respectively.
Read our comprehensive IG review to find out more.
Trusted investment app with a long-standing reputation
More than 10,000 stocks listed
Good value share dealing services – fees as low as £3 per trade
Your capital is at risk when trading CFDs at this site.
7. Trading 212 – Best Share Trading Platform Australia for ISAs
Trading212 is slowly but surely making a name for itself in the Australian investment scene. The mobile app – which is compatible with Android and iOS devices, covers CFD trading and traditional investments. Either way, the Trading 212 mobile app is 100% commission-free.
The app has since expanded its stock and ETF library from 4,000 markets to 10,000 – with the provider constantly adding more. If opting for a traditional investment account, you will be entitled to dividends as and when they are paid. There are no commissions to buy stocks or ETFs and best of all – no minimum deposit. In fact, Trading 212 supports fractional ownership – which is a major plus-point.
For those unaware, fractional ownership allows you to buy a small fraction of a stock. For example, if Tesla shares are worth $500 each and invest $50 – you own 10% of 1 stock. This makes Trading 212 one of the best investment apps Australia for beginners as you don’t need to risk large amounts in shares. If it’s stock CFDs that you are interested in – Trading 212 offers leverage and short-selling facilities.
Once again, the CFD platform is commission-free. When it comes to funding your Trading212 account, the app supports debit cards and bank transfers. You can also fund your account with Paypal and Skrill, as well as Apple and Google Pay. Although the broker isn’t ASIC regulated, it is authorized and licensed by the UK’s FCA. This regulatory body is one of the most respected globally – so safety should be no concern.
8. Skilling – Best Stock Trading Australia with MT4
Skilling is a recently launched stock trading app provider that is gaining getting more and more popular with Australians. The platform offers heaps of asset classes – including forex, cryptocurrencies, commodities, and of course – stocks. The main focus of the Skilling stock trading platform is large-scale US firms.
Covering both the NASDAQ and NYSE – this includes the likes of Apple, Tesla, IBM, Amazon, Facebook, and Paypal. What we really like about this Australian stock trading app is that offers three different platforms. If you want to keep things simple, you can use the main Skilling trading app – which is best suited for newbies. But, if you have an element of experience in this trading space, then you might want to consider cTrader and MT4.
These are two popular third-party trading platforms that come with several stand-out features. At the forefront of this is the ability to deploy automated stock trading robots. While you need to initially set this up on your desktop device, you can then keep tabs on how your robot is performing via the cTrader or MT4 app. All you need to do is enter your Skilling credentials and you are good to go.
75% of retail investor accounts lose money when trading CFDs with this provider.
9. Westpac – Most Trustworthy Stock App in Australia
Westpac is best known in Australia for its banking services, but this company also provides a highly capable online share trading and investing platform. Westpac offers trading on virtually all Australian Stock Exchange-listed shares as well as international shares from the New York Stock Exchange, NASDAQ, London Stock Exchange, and more. In addition, Westpac offers access to thousands of ETFs and stock options.
One of the main reasons to choose Westpac as one of the best stock brokers Australia is that it’s extremely trustworthy. As one of Australia’s major financial institutions, this stock broker is regulated by the Australian Securities and Investment Commission. The company is also publicly traded on the ASX exchange and releases public financial reports for transparency. Another plus is that if you have bank accounts at Westpac already, it’s easy to move funds between your accounts without fees.
Unfortunately, stock trading with Westpac isn’t cheap. This broker charges $19.99 or 0.11% per trade, whichever is greater. That can add up quickly if you’re looking to actively trade stocks and ETFs. In addition, while a standard trading account is free, Westpac charges $79 per month if you want access to market depth data and the broker’s most advanced charting software. On the plus side, you don’t have to worry about an inactivity fee with this broker.
Westpac’s mobile stock app isn’t the most aesthetically appealing option for Australian traders, but it has a lot to offer. For example, you can place a wide variety of order types, including limit, ‘today only,’ and conditional orders. There’s also a news feed that shows both market announcements and technical alerts for stocks on your watchlist.
10. ANZ – Best Share Trading Platform Australia for Domestic Shares
ANZ is another one of the ‘big four’ Australian banks with a robust trading division. This brokerage offers a truly incredible range of shares, including all companies listed on the Australian Stock Exchange, all of the S&P 500 companies in the US, and nearly all of the FTSE 250 companies in the UK. You can also trade shares listed on nearly 30 other exchanges in Europe, Africa, and Asia. So, ANZ is an excellent option for traders who want to look beyond Australia.
Another nice thing about ANZ is that it gives you tools to choose the best companies from its thousands on offer. All account holders get access to recommendations from ANZ market analysts, a global stock screener, and analysis from Morningstar and the Intelligent Investor newsletter. You can also easily see what stocks are most frequently traded by other ANZ clients to get inspiration and gauge market sentiment.
The biggest catch to using ANZ for share trading is that the mobile app doesn’t have a ton of advanced features. ANZ only offers a single app that combines banking and investing. So, although you can place trades on the go, you won’t get access to the advanced charts, news feeds, or analysis tools that are available through the web interface. If you need these features on your mobile device, your best option is to log into your ANZ account through your smartphone’s browser.
Trading at ANZ isn’t cheap, but it’s on par with some of the other best stock brokers Australia like Westpac. Most trades cost $19.95 each, although you can get a discount for trades over $5,000 (your first trade of the month) or over $18,000 (your second trade of the month or after). Notably, international shares are more expensive – $59 each, or 0.59% for trades over $10,000.
11. Pepperstone – Best Australia Stock Broker with Social Trading Features
Pepperstone is one of the best stock brokers in Australia for traders who want to use social trading. This broker also offers a few extra tools that are built specifically for MetaTrader 4 or 5, in case that you’re a fan of such platforms. For example, there’s a correlation heatmap so you can see whether the stocks you’re invested in typically move at the same time. There’s also an alarm management tool that lets you create custom alerts based on price changes, trading volume, and more.
Pepperstone also includes social trading through Myfxbook and DupliTrade. These platforms aren’t as easy to use as a solution that’s built into the trading platform, like what eToro offers. However, if you want to use MetaTrader 4 or 5 while learning from other traders, Myfxbook and DupliTrade are good options.
Pepperstone carries thousands of share CFDs from the US, UK, Europe, and Australia. The broker’s charges vary based on the market you’re trading – US shares trade commission-free, while UK shares carry a 0.10% commission. So, this broker can be slightly more expensive than some of its peers. In terms of regulation, you can rest assured that you’re trading in a safe environment with this broker, as Pepperstone is regulated by the UK FCA and the Australian Securities and Investments Commission (ASIC).
With many offerings in the stock trading industry, the eToro app has been praised by many experts and opinion leaders due to its user-friendly interface, broad portfolio of assets, and the fact that it offers a huge range of assets, spanning from stocks and forex to crypto and commodities
One of the best thing about eToro for beginners is its famous copy trading feature. This means you can automatically copy the portfolios and trades of top investors in stocks, crypto, forex and more! Trading has never been easier than with eToro.
eToro stocks app is well-rated in most mobile app stores, with many users praising its user friendly design.
What Is The Cheapest Stock App?
Many stock apps charge pricey commissions for selling and buying shares, while some also charge additional account management fees. However, eToro allows you to trade Australian and international with zero commission, so you don’t pay anything whatsoever. There’s also no account management fees.
There are some charges on eToro, such as a $5 withdrawal fee, but overall it’s much cheaper than most traditional Australian stock brokers, as well as online CFD brokers which often charge hefty spreads for trading share CFDs.
How to Choose the Best Stock Market App Australia for You
Although we have discussed the best stock trading apps available to Australians right now, it is always a good idea to do some research yourself. After all, stock investment apps come in a range of shapes and sizes – each appealing to a specific type of investor.
The most important metrics that you need to research when look for the best share trading platform Australia are listed below:
When you download an Australian stock market app and start trading – you are risking your hard-earned money. In other words, you are entrusting your capital with a third-party stock broker. As such, it is imperative that your chosen provider is regulated by a reputable body.
In an ideal world, the broker will hold a license with the Australian Securities and Investments Commission (ASIC). This will ensure that the stock app has your best interests at heart.
For example, ASIC stock market apps for Android and iPhone offer the following safeguards:
Your money will be kept in separate bank accounts from that of the broker
The platform must clearly explain the risks of stock trading to you
You will be capped in how much leverage you can apply
The stock trading app will have its books audited on a regular basis
All active traders must provide at least one form of photo ID – thus reducing the threat of fraud
It is important to note that Australians can still use the best investing apps Australia for stocks that are not licensed by ASIC. For example, the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) are two reputable financial bodies that also regulated stock trading apps.
These two bodies offer the same regulatory safeguards as mentioned above. This is one of the main reasons why eToro has attracted hundreds of thousands of Australian traders – as the stock app is not only licensed by ASIC, but the FCA and CySEC too.
You might be looking to obtain an Australian stock trading app because you want the option of buying and selling shares when away from your desktop device. Or, you might just like the convenience of a stock trading app and are planning to use it as your primary investment vehicle. A trader deserves the best stock buying app, and that’s why the importance of a top-notch user experience is high.
Either way, it is crucial that your chosen stock trading app offers an all-around user-friendly experience. For example, the app must make it simple to find your chosen stock. It must also be seamless to set up buy and sell orders, as well as deposit and withdraw funds.
A great way to gauge the user-friendliness of the app is if the provider offers a demo account. Often times the demo account feature will mirror that of live market conditions. This means that you can spend a bit of time navigating through the app to make sure it meets your needs.
There are scores of stock exchanges located around the world – some larger than others. The most important thing is that your chosen stock trading app offers the marketplace in which you wish to access.
For example, if you are looking to invest in home-grown companies, then make sure that the app offers access to the Australian Securities Exchange.
Similarly, if you are interested in US stocks like Apple and Disney, you’ll want access to the NASDAQ and NYSE. eToro, for example, offers almost 1,800 shares across 17 different stock exchanges. This gives you plenty of options – especially when it comes to diversification.
With that being said, you also need to make the distinction between traditional shares and stock CFDs. For example, while the likes of eToro and IG offer both, Libertex only offers the latter. This is crucial, as traditional shares are best suited for long-term investments, while CFDs are more conducive for short-term trading.
All Australian stock trading apps charge fees. In most cases, you will need to pay a commission every time you place an order. If, for example, you are buying traditional stocks, you will likely pay a flat fee. Or, if you’re trading CFD instruments, then this is usually charged as a variable percentage fee.
With that said, you then have low-cost share trading apps like eToro which charge no commissions at all. Instead, the only fee that you pay comes in the form of the spread. In other cases, you have stock trading apps like Libertex which charge no spreads, instead opting for a small commission of between 0% and 0.5%.
Outside of your core trading fees, your chosen Australian stock market app might also charge you when you make a deposit or withdraw. You then have overnight financing fees, which are charged when you keep a stock CFD position held overnight. Finally, check whether the app charges an inactivity fee.
Stock Trading Apps Tools & Features
While some stock investing apps in Australia offer a skin and bones service, others come jam-packed with tools, charting, and features. Whether or not you actually need access to these features will depend on your personal investment style.
For example, if you are a complete newbie with virtually no understanding of how stocks work, you might want to consider a Copy Trading feature that such as one offered by eToro. This allows you to copy an eToro trader like-for-like – meaning you can actively trade without lifting a finger.
An additional feature that we would suggest looking for is fractional ownership – especially if you are looking to invest in shares as opposed to trading stock CFDs. This allows you to invest in stocks from just $50 at eToro – meaning there is no need to fork out $3,000 to buy a single Amazon share! eToro, our pick for the best share trading app Australia, is an example of an app that offers fractional shares.
Education, Research & Analysis
The best Australian stock market apps come packed with educational resources. While this won’t really matter to you if you have heaps of experience in mobile trading, it will if you are just starting out. Handy resources in this respect include video explainers, trading guides, and webinars.
It is also useful if your chosen stock trading app offers research tools. In the case of chart analysis, this might include technical indicators. With that said, performing technical analysis on a mobile device will be challenging.
Nevertheless, fundamental resources like real-time financial news and market insights are also useful. This will allow you to stay ahead of the curve at all times. In fact, the best stock trading apps in Australia will send a notification to your phone when an important news story breaks on one of your invested shares.
In all but a few rare cases, Australian stock market apps will only design their applications for Android and iOS devices. This does make sense when you consider that less than 1% of mobile phones are backed by an alternative operating system. As such, if you’re on Windows or Blackberry – you might be disappointed.
In addition to this, we should note that some share trading apps work better on a particular operating system. For example, while one app might work in a seamless manner on Android phones, this might not be the case with iOS. As such, a good starting point is to read the reviews on your respective app store.
Note: Stock apps for Android and stock market apps for iPhone should always be downloaded directly from the respective broker’s website. In doing so, you can be 100% sure that you are downloading the official app and not an imitation.
By investing in or trading stocks, you are going to be risking your own money. As such, you need to figure out the best way to deposit funds into your chosen stock trading app.
The easiest way to do this is via an Australian debit/credit card or Apple/Google Pay. E-wallets are also convenient as you can securely and instantly fund your brokerage account. We also find that e-wallet withdrawals are processed faster than other payment methods.
Most Australian stock trading apps will allow you to transfer funds from your checking account, too. But, this can take a few days to process – so avoid this if you want to start trading straight away. Ultimately, you can check what payment methods are supported by the stock trading app before signing up.
Finally, you’ll want to pick one of the stock apps Australia that offers top-rated customer support. If you are using an overseas brokerage firm, then be sure to check what hours the support team works.
The best stock trading apps offer customer support on a 24/5 basis – which means you’ll always have access to an agent during the week. The best form of support comes via live chat – as this is both instant and free. Some trading apps also offer telephone support alongside email.
How to Get Started with the Best Share Trading Platform Australia
To conclude our guide on the best stock trading app Australia, we are going to show you how to get started with an account today. We have decided to walk you through the process with ASIC-regulated, commission-free stock trading app eToro. After reviewing all the best investment apps Australia, we believe eToro is the best stock trading app for beginners.
Step 1: Visit the eToro Website and Open an Account
Although you can open an account via the app, it’s probably easier to do this online. As such, head over to the eToro website and begin the registration process.
The ASIC-regulated broker will ask you for the following information:
Date of Birth
Australian Tax Identification Number
Make sure you enter the information correctly as you will need to verify it at a later stage.
Step 2: Download the Stock Market App
Once you have opened an account and confirmed your email address and mobile number, you can download the best share trading app Australia directly from the eToro website.
We suggest doing it this way as opposed to searching for the eToro app via your respective store, as you can be 100% sure that you are not downloading an imitation.
Step 3: Log In
Once you have installed the app to your phone, open it up and log in with your newly created username and password.
Step 4: Deposit Funds
You will now be asked to make a deposit. You can choose from the following payment methods.
The minimum deposit on the eToro stock trading app is $200. All of the above payment methods are processed instantly.
Step 5: Buy/Trade Stocks with the Best Share Trading App Australia
Once you have made a deposit you can start trading straight away. The eToro app, considered in the industry as the best platform to trade stocks in Australia, allows you to search for the stock that you wish to trade. Or, you can browse the platform by the respective stock exchange. For example, if you are interested in trading UK stocks, simply use the filter system.
Once you click on the stock that you want to trade, the eToro app will ask you to set up an order. A buy order means you think the stock will increase and a sell order means the opposite. You’ll need to enter your stake in US dollars and whether or not you want to apply leverage.
Finally, confirm the order to place your commission-free stock trade!
Best Stock Trading App Australia – Conclusion
Stock trading apps in Australia are a must-have for those looking to invest in the financial markets. Sure, you won’t be able to perform in-depth technical analysis on a small screen – but all other account features can be accessed with ease.
For example, the best stock trading apps Australia allow you to buy and sell shares, check your open positions, make use of educational fundamental research tools, and deposit/withdraw funds.
If you’re looking for an Australian stock trading app that is safe, secure, and cost-effective – ASIC-regulated eToro gives you access to 17 international exchanges. All stock trades are commission-free and the minimum investment per order is just $50.
You can get started with eToro, Australia’s best stock trading app for beginners, right now by clicking on the link below!
eToro – Overall Best App for Stock Market Australia with 0% Commission
67% of retail investor accounts lose money when trading CFDs with this provider.
Which is the best stock trading app for beginners Australia?
eToro is often the go-to stock trading app for Australians with little experience. This is because the app was built with newbies in mind.
How do beginners trade stocks Australia?
If you are a beginner in the world stock trading, you are best advised to take a long-term buy and hold strategy. This means that you will be buying high-grade stocks and keeping hold of the shares for many years. This allows you to avoid the emotional side-effects of short-term volatility.
Can you trade stocks for free Australia?
Although in a time not so long ago commission-free stock trades would have been unthinkable, apps like eToro now allow you to do this. In other words, the eToro app allows you to invest in and trade stocks without you needing to pay a single cent in commission!
Are Australia stock trading apps safe?
As long as your chosen stock trading app holds a licensed with a reputable body like ASIC or the FCA, you should have no concerns regarding safety.
What shares can you trade on a stock app Australia?
Some of the best share trading apps Australia give you access to just the Australian markets, while others also offer heaps of international exchanges. This will vary from app to app, so be sure to check this out before opening an account with the provider.
What are other stock apps that are available in Australia?
Some other popular stock apps available in Australia include Robinhood, Thinkorswim, Charles Schwab, E*Trade, Fidelity, Interactive Brokers, Webull, and TD Ameritrade.
What is the best trading platform Australia?
eToro app is a well-rated one among the best mobile app stores and within the industry, praised by its user-friendly interface and availability in various formats.
Is there an app like Robinhood in Australia?
Although Robinhood doesn't have availability in Australia, there are plenty of stock apps in the country that have the same approach as the US-based platform has, such as eToro.