Global investing: 7 platforms that let you trade shares internationally and locally

One way Aussie investors try to diversify is by investing both locally and internationally. While you may only have access to Australian and US markets in a lot of cases, these both offer a wide selection of stocks and ETFs to choose from. For instance, the US stock market accounts for nearly 60% of the international stock market by size*

There are several brokerage options to choose from to help your diversification plan, so let’s explore them below.

1. Tiger Brokers

You can trade US, ASX, & Hong Kong stocks as well as ETFs (exchange traded funds) on Tiger Brokers. Australian shares incur a small brokerage fee of $2.99 for trades up to $10,000 with any trades over instead incurring a brokerage fee of 0.03%. If you open a new account with Tiger Brokers, you can get one brokerage-free trade per month, subject to T&Cs.

*2. Moomoo

With moomoo, you can trade ASX, US, and Hong Kong shares and ETFs with over 22,000 across these markets. ASX shares come with CHESS sponsorship at $3 or 0.03% (whichever is higher) per trade, while shares from the US market are held as custodial and have a flat US$0.99 commission fee. Moomoo also has a social trading function where you can read posts from other traders. 

3. eToro

eToro gives you access to the ASX and a wide range of global shares (including the US). But shares aren’t the only thing available on eToro. You’ll also have access to commodities, cryptocurrencies, foreign currency, and ETFs. Commission for shares when opening or closing a position is $1 or $2 depending on the market. 

4. CMC Invest

CMC Invest gives you access to both the local ASX and a wide range of international markets. On top of this, you can also trade in forex. In addition, ASX shares have CHESS sponsorship, which means that they are held in your name. Also, your first ASX buy order of the day will be exempt from brokerage fees (restricted to under $1,000 per stock).

*5. Webull

Webull lets users invest in the Australian (ASX + CBOE Australia), US, and Hong Kong stock markets. US and Australian ETFs come with $0 commission while Hong Kong shares have a commission of 0.03% trade value up to a minimum of $15. Small brokerage for Australian shares is $4.90 on trades up to $16333.33. Anything over is counted as large brokerage with 0.03% of the trade. 

6. Stake

Stake allows you to invest in both the Australian and US stock markets. You’ll pay a flat brokerage fee of $3 for trades up to $30,000 ($3 in AUD for ASX and USD for Wall st). Any trades larger than $30,000 (AUD/USD) will have a 0.01% brokerage fee. You’ll get access to 2000 shares and ETFs on the Australian stock market and over 6,000 in US ones. ASX stocks also have CHESS sponsorship.

7. Selfwealth

Selfwealth allows you to trade both US and ASX shares (with CHESS sponsorship), giving you access to a sizable portion of stocks at home and internationally. Both Australian and US shares have a flat brokerage fee of $9.50 AUD and USD respectively, regardless of trade size. 

How to select a share trading platform

Keep in mind that this list is not exhaustive and many other brokerage providers let you trade and invest both locally and abroad. For most investors, the Australian and US markets can offer enough diversification. 

Not sure which one is right for you? At Mozo, we have comparisons of stock brokerage platforms to help you find the one that meets your investing goals.

It's important to remember that investing in the stock market carries risk and past performance is not indicative of future results. It's always good to consult with a financial advisor before making any investment decisions.

Also, do note that this list is not exhaustive and there are many other available brokerage providers that let you trade and invest both locally or abroad. Not sure which one is right for you? At Mozo we compare a list of all the stock brokerage platforms on our database, helping you to make the best decision for your financial needs.

Share account comparisons on Mozo

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Last updated 22 December 2024Important disclosures
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    Share Investing

    Standard

    Small trade brokerage
    Monthly fee
    $0.00
    $0.00

    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).

    Details
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    Share Trading

    Small trade brokerage
    Monthly fee
    $3.00
    $0.00

    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. Earn up to 6.8% p.a. introductory rate for 30 days, applicable to up to AU$80,000 on uninvested cash, and get 10 free stocks with eligible deposits (T&Cs apply)

    Details
  • Share Trading

    Small trade brokerage
    Monthly fee
    $7.70
    $0.00

    Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).

    Details
  • Share Trading

    Small trade brokerage
    Monthly fee
    -
    $0.00

    5000+ stocks and 19 exchanges all on the eToro app. Invest in ETFs with $0 commission and stocks with just US$2 per trade. Join the world’s leading social trading platform, trusted by 30+ million users worldwide.

    Details
  • Tiger Account

    Small trade brokerage
    Monthly fee
    $2.99
    $0.00

    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 60 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 60 cash – for full details, go to the Tiger Brokers website.


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