Best online share trading platforms in Australia
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Share trading continues to grow in popularity across Australia, with more investors turning to the sharemarket as a way to build wealth. Whether you’re a beginner or an experienced trader, having a reliable trading platform or mobile app is key.
ONLINE SHARE TRADING INFORMATION
How to start trading shares in Australia
Getting started with share trading is easier than you might think. Here's a step-by-step guide:
- Choose a platform: Compare fees, markets offered, and tools.
- Open an account: Sign up and complete identity verification.
- Add funds: Transfer money into your trading account.
- Do your research: Explore stocks, ETFs, or other listed assets.
- Place your first trade: Buy or sell shares online in just a few clicks.
Share trading platforms vs traditional brokers
Modern online platforms have changed the way Australians invest. Here’s how they compare with full-service brokers:
| Feature | Online trading platform | Traditional broker |
|---|---|---|
|
Brokerage fees |
Low – often under $10 |
Higher – may charge $50+ |
|
Control |
Self-directed |
Broker-assisted |
|
Research tools |
Built-in or add-ons |
Often comprehensive |
|
Best for |
DIY investors |
Those seeking advice |
What to look for in a share trading platform
Before signing up, consider these key features:
- Brokerage fees: Look for low or no-commission options.
- Market access: Can you trade ASX and international shares?
- Research tools: Are charts, news and analyst insights included?
- Mobile app: Is there a user-friendly app for on-the-go trading?
- Ease of use: A clean interface can make or break your experience.
Also check minimum deposit requirements and ongoing fees.
How much does it cost to trade shares online?
Share trading costs can include:
- Brokerage fees: Charged per trade, flat rate or percentage-based.
- Currency conversion fees: For buying international shares.
- Inactivity or subscription fees: Some platforms charge for access or inactivity.
Costs vary widely. Some platforms charge as little as $2 per trade, while full-service operators may charge a lot more. Always compare the total cost based on how frequently you plan to trade.
Online share trading FAQs
What is a share trading platform?
A share trading platform is an online service that allows you to buy and sell shares, ETFs and other securities on the stock market.
Can beginners use online share trading platforms?
Yes. Many platforms cater to beginners with low fees, user-friendly apps and educational resources.
How do I choose the right platform?
Compare based on your goals, preferred markets (ASX, US, global), trading frequency and budget. Look for platforms with low fees and tools that match your experience level.
Are online trading platforms safe?
Reputable platforms in Australia are regulated by ASIC and use encryption to protect your data and funds.
How much money do I need to start trading?
Minimum investment amounts vary. Some platforms let you start with as little as $50, while others may require more. You’ll also need enough to cover brokerage fees.
Why trust Mozo for online share trading comparisons?
Mozo has been comparing financial products for over 15 years, helping Australians cut through the complexity to make confident money moves.
Our experts analyse share trading platforms based on brokerage fees, features, trading tools, usability and overall value. Whether you’re investing for growth or managing a diverse portfolio, our insights help you find a platform that suits your strategy.
Can I trade international stocks?
Most platforms offer access to major markets like the US, UK and Asia. Check whether foreign exchange fees or other charges apply.
What fees should I watch out for?
Beyond brokerage, watch for FX fees, inactivity charges and any premium subscription costs for advanced features.
Do I pay tax on share trading?
Yes. Profits made from selling shares may be subject to capital gains tax. It’s a good idea to speak with a tax advisor about your obligations.