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Top 5 Australian Share Trading Platforms for 2020

We review the best share trading platforms in Australia by fees, reputation, assets and platforms.

Traders in Australia looking to participate in share trading have plenty of options at their disposal when it comes to choosing best online share trading platforms.

With this in mind, we have curated a comprehensive review of the best share trading platforms in Australia. Our in-depth analysis of these share trading platforms and accounts in Australia breaks down the highlights, offerings and downsides of these services.

Read on to find the best share trading platform for your trading needs.

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    Top Australian Share Trading Platform

    eToro took the title of best overall Australian share trading platform as it surpassed its competitors in a number of aspects. We assessed the top share trading platforms and accounts in Australia based on aspects such as user-friendliness, cost, mobile access, reputation, fees and trading tools.

    In all of these aspects, eToro excelled, emerging as the most well-rounded Australian shares platform. It has excellent accessibility, allowing users to trade Australian stocks on a desktop, web-based and mobile app.

    Furthermore, it is one of the most user-friendly trading platforms, with plenty of resources for beginners. Regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) among other tier-1 authorities, it has a sterling reputation for security.

    When it comes to trading fees, no other online stock brokers in Australia offer free trading for any class of users. And its trading tools and research features are the best in class.

    Based on these and other features discussed in greater detail below, eToro deserves the title of the best share trading platform in Australia.

    eToro - Best AU Share Trading Platform

    Our rating

    eToro exchange
    • Beginner friendly
    • Large amounts of stocks to trade
    • ASIC regulated
    • Free Demo Account
    eToro exchange
    81% of retail investor accounts lose money when trading CFDs with this provider.


    eToro: Best for Beginners

    eToro is regulated by multiple entities such as the ASIC, Australia's top-tier regulator. Since its establishment in 2007, it has strived to be a market leader in the fintech revolution.

    Though it started out as a general trading platform, it has evolved over the years to keep up with market changes and changing user demands. The site’s product catalogue currently covers over 1,500 shares among other things. You can either buy physical stocks here or trade them as CFDs with leverage. Professional traders can get up to 1:400 in leverage.

    Traders get access to a web-based, mobile and desktop trading platform. In addition to sporting a clean design and great usability, the trading platform offers multiple language support and 2FA for security. It has a built-in search feature that is easy to use and predictive. You can easily set notifications and price alerts as well as request for various reports. These features work together to make it ideal for newbies.

    The mobile app is available for iOS and Android, with plenty of mobile specific functions. These include push notifications and great touch interactions. To illustrate, it is possible to open a new trade or access charts by swiping right and left respectively.

    It offers some of the most alluring fee structure to its EU clients who enjoy commission-free stock and ETF trades. And even though it requires a minimum deposit of $200, residents of Australia only pay $50. There is a $5 withdrawal fee and the minimum amount you can withdraw is $50.

    Share Trading Fees:

    • US and UK stock trading – Free
    • EUR/USD Benchmark fee - $19.6
    • Brokerage - $8 or 0.1%

    Other Fees:

    • Withdrawal fees - $25
    • Inactivity Fee - $10 monthly after a year of inactivity

    Our Rating

    • Offers demo account with $100,000 virtual cash
    • Great charting tools
    • Highly functional and great-looking trading platforms
    • Customer support not available 24/7 and inaccessible on weekends

    How to Choose an Australian Share Broker

    Share trading services differ remarkably in features, offerings and other respects. However, some of the aspects that define a good platform overlap. These overlapping aspects make it possible to make a comparative analysis and tell apart the best from the average.

    To help you along, we have analyzed some of the key features that the best share trading platforms Australia should have. Take a look below.

    • Fees

    Fees differ significantly from one platform to the next. These include trading and non-trading fees, all of which can eat into your gains.

    eToro excels in this regard as it offers zero commissions stock trading. Pepperstone’s $0.02 commission per share is also highly competitive.

    • Access to Different Markets

    Different trading platforms offer opportunities to trade shares in different markets.

    A platform like eToro will give you access to international markers, and so will Plus500 and IG Markets. However, Pepperstone and AvaTrade have a relatively limited scope.

    • Security

    The safety of your funds is without a doubt one of the most important considerations to make when choosing a service. Regulated providers have to adhere to the stringent security measures stipulated by the ASIC. This includes keeping user funds in a segregated account among others.

    All of the ANZ share trading platforms discussed above are regulated by the ASIC.

    • Customer Support

    No matter your level of experience, from time to time you will likely experience problems and require assistance. Live chat is one of the best support features as it is likely to offer immediate responses.

    eToro takes the day with regards to customer support, as the team has a reputation for being polite, helpful and patient.

    • Trading Platform

    Find a trading platform that matches your trading style and also your tech needs.

    From the 5 platforms discussed above, Plus500 and eToro offer some of the best trading platforms.

    • Ease of Use

    Whether you are a veteran share trader or a newbie, user-friendliness is a crucial factor to consider. Trading is complex enough without being made more complicated by a trading platform.

    eToro, IG and Plus500 have highly intuitive interfaces that can new traders will like.

    • Accessibility

    If you want to have the ability to trade on your desktop as well as your phone, then eToro is the best share trading platform for you. Only eToro offers accessibility on desktop, mobile and on the web.

    • Education

    For newbies, this is one of the most important features when choosing a service. What types of education resources are available? And what is the quality of information available?

    On Pepperstone, eToro and AvaTrade, you will find one of the handiest education tools, a demo account. And eToro’s account stands out above the rest as it has $100,000 in virtual money.

    • Account Offerings

    Depending on whether you want to make a long-term investment or not, there are different accounts to choose from.

    The Razor account on Pepperstone and Professional account on eToro are some of the best options available.

    • Service Reliability

    At the end of the day, everyone wants a reliable service that executes flawlessly for easy trading. And the service in question should function seamlessly on the different operating systems.

    IG Markets and eToro have some of the most robust and reliable platforms, with high execution speeds and responsive interfaces.


    All the Australian share trading platforms discussed above are secure and can provide you with all the tools you need to hone your trading skills. Pick one of them and start share trading today!

    Lastly, if you are still new to share trading, remember to only invest what you can afford to lose. Only trade a huge amount of money once you’re confident about your trading skills.

    eToro - Best AU Share Trading Platform

    Our rating

    eToro exchange
    • Beginner friendly
    • Large amounts of stocks to trade
    • ASIC regulated
    • Free Demo Account
    eToro exchange
    81% of retail investor accounts lose money when trading CFDs with this provider.


    Are share trading platforms in Australia safe?

    The Australian share trading platforms mentioned above are proven to be safe. They are also regulated by the Australian Securities & Investments Commission (ASIC).

    Which Australian share trading platfrom is best for beginners?

    eToro is the best share trading platform Australia for beginners. You can take advantage of its copy trading platform and great educational resources.

    How much do I need to start share trading in Australia?

    eToro only requires Australians to have a minimum deposit of $50 to start trading.

    Is it easy to create a share trading account?

    Yes. All you need to do is provide your name, email and password to create a share trading account. It will only take you a few minutes to do so.

    What payment methods are supported by Australian share trading platforms?

    Most of the share trading platforms in Australia support credit/debit card, PayPal and wire transfer as payment methods.

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