If there's one smart deal you’ll want to lock in on the stock market, it's finding a great online share trading platform for your investing needs. Start comparing trading accounts below!
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CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).
Small trade brokerage conditions: Trades up to $1,000
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6000+ stocks and 20 exchanges, all on the eToro app. Invest in ETFs and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 35+ million users worldwide. Small trade brokerage conditions: $2 USD brokerage fee for stock trades, 1.5% FX fee applies.
Small trade brokerage conditions: $2 USD brokerage fee for stock trades, 1.5% FX fee applies.
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Trade more than 22,000 shares, ETFs and options across the Australian, US and Hong Kong markets on the moomoo Australia platform. And only pay from A$3 for local CHESS-sponsored trades and US$0.99 for all US trades. Other fees apply.
Small trade brokerage conditions: 0.03% the transaction amount, minimum $3.00 per order
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Mozo special offer for new users only: Get 4x zero brokerage trades (brokerage fees waived up to 2 USD per trade for US stocks, up to 3 AUD per trade for AUS stocks, and up to 3 USD per trade for US options) and zero FX fees for exchanging up to AUD 2,000 every month between AUD⇆USD with the first deposit of any amount. Other fees may apply. Plus AUD 40 cash vouchers with an accumulated net deposit of at least AUD 2,000 within 7 days of the first deposit. Trading conditions and withdrawal restrictions apply to the withdrawal of the AUD 40 cash – for full details, go to the Tiger Brokers website.
Small trade brokerage conditions: Trades up to $10,000
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Superhero Trading allows you to invest in over 9,000 ASX and Wall Street shares and ETFs with brokerage from just $2 a trade. Sign up with code ‘mozo25’ and get US$10 of Nvidia stock when you fund your account with $100 or more within 30 days. T&Cs apply. 1Awarded-Winner: Best for Mobile Experience in the WeMoney Investment Awards 2023
Small trade brokerage conditions: Flat $2 fee brokerage on trades up to $20,000 for all Aussie shares, $10 minimum per trade. US$2 for US share trades up to US$20,000, US$10 minimum. 0.01% for trades larger than $20,000.
Read reviews and learn more about Superhero share accounts
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CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).
Large trade brokerage conditions: The greater of $11 or 0.10% for trades over $1,000
Read reviews and learn more about CMC Invest share accounts
Go to site
Trade more than 22,000 shares, ETFs and options across the Australian, US and Hong Kong markets on the moomoo Australia platform. And only pay from A$3 for local CHESS-sponsored trades and US$0.99 for all US trades. Other fees apply.
Large trade brokerage conditions: 0.03% the transaction amount, minimum $3.00 per order
Read reviews and learn more about moomoo share accounts
Go to site
6000+ stocks and 20 exchanges, all on the eToro app. Invest in ETFs and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 35+ million users worldwide. Small trade brokerage conditions: $2 USD brokerage fee for stock trades, 1.5% FX fee applies.
Large trade brokerage conditions: $2 USD brokerage fee for stock trades, 1.5% FX fee applies.
Read reviews and learn more about eToro share accounts
Go to site
Mozo special offer for new users only: Get 4x zero brokerage trades (brokerage fees waived up to 2 USD per trade for US stocks, up to 3 AUD per trade for AUS stocks, and up to 3 USD per trade for US options) and zero FX fees for exchanging up to AUD 2,000 every month between AUD⇆USD with the first deposit of any amount. Other fees may apply. Plus AUD 40 cash vouchers with an accumulated net deposit of at least AUD 2,000 within 7 days of the first deposit. Trading conditions and withdrawal restrictions apply to the withdrawal of the AUD 40 cash – for full details, go to the Tiger Brokers website.
Large trade brokerage conditions: Trades over $10,000
Read reviews and learn more about Tiger Brokers share accounts
Go to siteBrowse all 13 online share trading accounts in Mozo's comparison database.
Search now^See information about the Mozo Experts Choice Share trading Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
Online share trading platforms - also called online stock brokers or investment apps - are online tools that let you buy, sell and trade shares on the stock market. Depending on the platform you use, you can access anything from Australian and international shares to ETFs, index funds and more.
All you have to do is sign up for an account, add funds by connecting to your bank account - and you’re ready to start trading. There are usually some minor fees, typically falling into one of two categories: a monthly fee that includes free trades, or a per-trade fee without any monthly charge.
Lately, more and more platforms have entered the market offering fee-free trading, but these often come with trade-offs, like fewer features, limited customer support or in-platform ads.
Unless you're using a service that specialises in more niche investments, most online stock brokers will allow you to buy, sell, and trade individual Australian stocks on the Australian Securities Exchange (ASX).
Many investment apps also offer a broader range of options beyond just Australian shares. Here's what you might find, depending on your provider:
Australian shares. Stocks in Australian companies listed on the Australian Securities Exchange.
International shares. Stocks in international companies listed on foreign exchanges.
Index funds. Shares in funds that mirror the performance of a specific market index (such as the ASX).
Exchange-traded funds (ETF). Shares in funds that invest in a mix of assets.
Options and derivatives. Financial contracts that let you bet on the future price of assets like stocks or commodities.
Bonds. Interest-bearing loans to governments or companies.
Cryptocurrency. Digital currency like Bitcoin and Ethereum.
Commodities. Investments in physical resources like gold, oil or wheat.
It’s uncommon for a single provider to offer the entire range of investment types, so it’s important to choose a platform that aligns with your specific investment style and investment goals - and that’s what we’ll get into next.
There are dozens of online share trading apps out there, but not all are created equal. In fact, many platforms target particular types of investors.
For example, some investment apps are designed for frequent traders who need advanced tools and a fee structure that is optimised for high-value trades. Others may target beginners who might prefer a low-cost, straightforward platform with helpful resources. Still others may target niche investors looking for exotic investments.
That’s why finding the right match is so important. To do that, start by identifying your investment style:
Frequent trader. You’ll want a platform with low per-trade fees, fast execution and advanced charting tools.
Long-term investor. Look for a platform with minimal ongoing costs, a wide range of ETFs and index funds, and lots of research tools.
Beginner. You’ll want a user-friendly platform with educational resources and strong customer support.
Diversified investor. If you plan to invest in a variety of asset classes, choose a broker that offers access to everything from shares to bonds, ETFs and even cryptocurrencies.
In the end, the right stock trading platform should complement your investment style. When you find the right fit, investing will go so much smoother.
Now that you’ve identified your investment style, you might want to check out the best share trading platforms as identified by our 2024 Mozo Experts Choice Awards! There you’ll find award-winning platforms for the active investor, casual investor, ETF investor and more.
Brokerage fees are the fees you pay to the online share trading platform for buying and selling shares. There are a few ways brokerage fees can be applied:
Flat fee. Some platforms charge a fixed fee (as low as around $3) for every trade regardless of the value of the trade. Good for large, infrequent trades.
Percentage fee. Others charge you a percentage of the trade’s value. Good for smaller, more frequent trades.
Monthly fee. Some platforms offer unlimited trading for a monthly fee. So while this isn’t technically a brokerage fee, it’s still how the platform recoups costs from frequent traders.
No fee. Some newer online brokers are offering fee-free trades with no monthly fees. However, they may recoup their costs through premium upgrades or by serving you ads.
To find the most cost-effective solution, it's important to understand how a platform's fees align with your trading habits.
Here are some share trading apps offering some of the cheapest brokerage fees in the Mozo database today:
Before you sign up for any of these, make sure they have the investment options you want, and be on the lookout for other fees like foreign exchange fees or monthly fees.
Share trading comes with risk, but luckily there are steps you can take to minimise that risk. Here are some tips to get you started:
Do your research: Research the company or industry, its history on the market, and what experts expect to see from it in the future. This is the foundation of making smart investments that will work for you, instead of against you.
Diversify your portfolio: Having shares across multiple different industries, companies and markets minimises the chance of suffering losses in all of them at once. Alternatively, look for built-in diversity in the form of ETFs, which provide a ‘basket’ of shares, or an index fund, which tracks a particular index like the ASX.
Don’t overextend your budget: It’s better to start slow and set yourself a conservative budget so that if you make an investment misstep, it won’t eat into your savings buffer, or cause you to fall behind on your bills.
Look into low-risk investment strategies: Low-risk strategies like dollar-cost averaging (DCA) can help mitigate risks and maximise potential returns in a fluctuating market.
With these tips in your toolkit, you're all set to navigate the ups and downs of share trading. So, dive in, stay smart, and happy investing!
When you’re looking for a service to buy and sell shares through there are two options, broadly speaking. Which one is better for you will depend on the share trading experience you’re after.
A full service broker offers you advice and recommendations for what stocks to buy and where to invest your money. While that means you get the benefit of their expertise, full service brokers will almost always be the more expensive option.
On the other hand, if you opt for an online broker, you’ll be in charge of choosing your shares yourself and you won’t get any advice. However, online services often come with lower fees. Some also include access to share market publications, analytics and reports which will allow you to do your own research.
A share trading order is how you buy or sell shares. There are a few different share trading orders which can be handy if you don’t have time to monitor your investments and market movements all day, every day. Here are three of the main types of orders:
Market order. This means you’re buying or selling shares at the best possible price at the time your order reaches the market. Keep in mind that if the price of shares changes between the time you place the order and when your broker executes it, the price may be higher or lower than you were expecting.
Limit order. This means that you’ve agreed to buy or sell shares once they reach a certain price point. For example, if you’re buying shares the order will only be executed once the price drops to the amount you’ve nominated - or lower - and vice versa for selling.
Stop-loss order. As the name suggests, a stop-loss order is designed to limit the amount you could lose if shares you hold start falling in value. If your shares fall to a nominated value, then the stop-loss order is executed as an order to sell them at the best possible price.