Best broker guide
We evaluate the top stock brokers in Australia, highlighting the benefits of each platform and providing key stats to help you make an informed decision when choosing the right one for you.
This ranking brings together Australia’s leading share trading platforms, including low-cost apps, bank-backed brokers, international multi-asset platforms and full-service stockbrokers.
The main trade-off across the list is usually price versus breadth, with some brokers optimised for ASX shares only, and others built for deeper market access, research or advanced tools.
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20
Brokers shortlisted -
Share Dealing and Investing
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Trust, Cost, Market Access
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April 2026
Latest update
Brokerage, platform features and market access can change. Check provider terms before applying.
Rank
Broker
Best for
Quick facts
Action
1
eToro
User friendly choice, with an innovative edge, and international reach
★★★★★
4.8/5
Best for: Investing in 400 ASX shares alongside international markets, and ‘smart portfolios’
Earn interest on uninvested balances
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Minimum Deposit
AUD 50 -
SMSF?
Yes -
Founded
2007
2
IC Markets
Trade more than 2,100 shares across multiple markets
★★★★★
4.6/5
Best for: Active traders, and those swinging positions
Get in and out of share positions at low cost, with a trusted platform
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Minimum Deposit
AUD 200 -
SMSF
No -
Founded
2007
3
Blackbull
26,000 shares, ETFs, and bonds to choose from
★★★★★
4.7/5
Best for: Platform choice, including TradingView
Blackbull has a strong mix of advanced tools, rapid execution, and competitive pricing.
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Minimum Deposit
0 -
SMSF
No -
Founded
2014
Methodology
We rated the top Australian stock platforms using a combination of access type, barrier to entry (both financial, and usability), trust rating, and user reviews. With there being quite the range of stock brokers, and investor strategies when it comes to shares, we selected a few names that will appeal to different types of users. The more comprehensive list below outlines the full picture of what we think of some of the more traditional brokers you will likely already know (and maybe love/loathe). In the end, different users will naturally prefer one over another, yet the security of funds, and the regulation of the broker should never be in doubt. We put forward a list of safe stock brokers, with different angles for more active, passive, and real long term investors.
The 20 Top Stock Platforms and Brokers
Across the list, the strongest all-round options combine clear brokerage, broad product access and credible local regulation or market participation. eToro, Blackbull, and Interactive Brokers stand out for global reach and platform depth, while CommSec, nabtrade and Westpac Share Trading lean on bank-backed trust and broad domestic coverage. On the lower-cost end, Stake, Superhero, Pearler and Webull offer competitive entry points, while Bell Direct, IC Markets, and Saxo/Totality appeal more to active or serious investors needing richer functionality.
They appear in the list below not specifically as a ranked order, with our own selections coming out in the shortlist, as with so many variables and different investor styles to consider, we are more interested here in pulling together a list of trusted platforms where you can invest in shares safely. Any of those on this list are a good option, and it is then up to you to decide what matters most; whether you need the international market availability, multi-asset access, or if you need something simple and focused here at home, there is a broker or platform for you.
Charts, analysis, and technical tools will be important for those who are looking to swing trade shares, or take shorter term positions, whilst those who are more fundamental value oriented will need something else entirely. We have named our top choices for a few different types of investor, but as we people don’t all fit into neat little boxes, there is some personal interpretation required around the edges.
| Broker | Rating | Best for | Stock order fee | |
|---|---|---|---|---|
|
eToro |
★★★★☆ 4.4 | Best known for social/copy investing and easy multi-asset access | A$2 order fee for ASX shares; ETFs are zero commission | |
|
Bell Direct |
★★★★☆ 4.3 | Strong research content and more full-broker feel than most cheap apps | First 10 trades: $5 up to $1,000; $10 up to $3,000; $15 up to $10,000; $25 up to $25,000; 0.1% above $25,000 | |
|
IC Markets |
★★★★☆ 4.2 | Active share trading | A$7.70 order fee for ASX share orders up to $100,000 | |
|
Blackbull |
★★★★☆4.2 | Huge international choice of shares and assets, with advanced charting | A$6 or 0.08% of the trade volume, whichever is higher for ASX shares | |
|
CMC Invest |
★★★★☆ 4.4 | One of the strongest all-round Australian share platforms on price + tools + market access | $0 first ASX buy under $1,000 per security per day; otherwise $11 or 0.10% | |
|
CommSec |
★★★★☆ 4.8 | Best-known Australian bank-broker; strong research and broad domestic trust | $5 up to $1,000; $10 up to $3,000; $19.95 up to $10,000; $29.95 up to $25,000; 0.12% above $25,000 | |
|
IG |
★★★★☆ 4.0 | Strong platform and international investing access | $0 commission per trade on Aussie, US and UK shares; 0.7% FX fee on international trades | |
|
Interactive Brokers |
★★★★☆ 4.8 | Best platform depth and global market access | Australia GlobalTrader: 0.08% of trade value, minimum AUD 6.00 | |
|
moomoo |
★★★★☆ 4.4 | Very strong tooling, market data and active-trader features | AU shares/ETFs: A$3 per trade or 0.03% of transaction value, whichever is greater | |
|
Morgans |
★★★☆☆ 3.4 | Best-known full-service stockbroking network outside the big banks | – | |
|
nabtrade |
★★★★☆ 4.5 | Strong research and integrated bank/broker experience | $9.95 up to $1,000; $14.95 up to $5,000; $19.95 up to $20,000; 0.11% above $20,000 | |
|
Pearler |
★★★★☆ 4.4 | Best for long-term, automated investing habits and boring investing discipline | $6.50 AUD per ASX buy/sell | |
|
Selfwealth |
★★★★☆ 4.6 | Flat-fee broker with strong user sentiment and straightforward setup | $9.50 AUD flat brokerage per ASX trade | |
|
Sharesies |
★★★☆☆ 3.8 | Great for tiny starting amounts and accessibility | 1.9% transaction fee capped at $6 AUD for Australian shares | |
|
Stake |
★★★★☆ 4.6 | Excellent modern UX, simple pricing, strong for AUS + US investors | A$3/trade up to A$30,000; 0.01% above A$30,000 | |
|
Superhero |
★★★★☆ 4.5 | Very competitive pricing and very beginner-friendly interface | $2 brokerage up to $20,000 in the relevant currency | |
|
Tiger Brokers |
★★★★☆ 4.2 | Strong feature set for active investors, plus AU/US/HK reach | Aussie shares from $6.49 or 0.055%; US equities from $2 USD or 1 US cent per share | |
|
Totality (formerly Saxo Australia) |
★★★★☆ 4.7 | Excellent for serious investors wanting institutional-grade global access | ASX stocks from 0.03%, minimum AUD 3 | |
|
Webull |
★★★★☆ 4.3 | Very strong app experience and broad functionality | Australian stocks: 0.03% x trade value, minimum $1 | |
|
Westpac Share Trading |
★★★★☆ 4.4 | Good for existing Westpac customers and international market access | $4.95 up to $1,000; $9.95 up to $3,000; $19.95 up to $10,000; $29.95 up to $28,000; 0.11% above $28,000 |
Best stock trading app
eToro
App first share trading, both here on the ASX, and internationall.
Best for active share traders
IC Markets
Spread based fee structure, and lightning execution for regular trading.
eToro
eToro deserves to be part of any serious conversation about the best share trading platform in Australia, having evolved well beyond its original “social trading” image. The platform now feels much more local than it used to, thanks to the introduction of AUD accounts, which let eligible users deposit, hold, withdraw and invest in Australian dollars. The inclusion of SMSF accounts, and interest on uninvested balances means you get a lot more from the platform than used to be the case. Whilst eToro may not be a traditional share dealing platform in the sense of the old school names, it is a really user-friendly online platform and app that combines local share access with global diversification.
For beginners, eToro ranks up there among the best investment brokers because it lowers the friction of getting started, and feels like many other apps you may already be used to, rather than a more detail first broker. The platform combines stock investing, ETFs, and copy investing in a single app-led ecosystem, and now offers 7,000+ assets overall. Its social layer remains a real differentiator too, with ~40 million registered users, and its platform pages continue to emphasise the ability to share ideas, follow strategies and use CopyTrader to mirror other investors. That makes eToro particularly compelling if you want an investing platform that feels accessible rather than intimidating.
Rounding off, you can get started with a A$50 minimum deposit, and have the peace of mind in knowing this is a well regulated, and publicly listed (NASDAQ) broker that will continue to stay at the cutting edge of investing platforms.
eToro Service ARSN 637 489 466 promoted by eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Capital at risk. Other fees apply. See PDS and TMD
IC Markets
IC Markets is not a traditional share investing broker in the same mould as CHESS-sponsored ASX platforms, it is however one of the top online trading platforms for active stock traders rather than one of the best “buy and hold” brokers. Its share offer is based on stock CFDs, but for traders who want to take positions on equities with flexible execution, fast platforms and a wider trading toolkit, that can be a major advantage, as the costs are spreads only. IC Markets offers 2,100+ stocks across the ASX, NYSE and NASDAQ, and for anyone already used to trading platforms such as MT4 or MetaTrader 5, this will feel comfortable.
The real reason IC Markets has made it on our list is for those who are entering and exiting multiple positions per day, and that is exactly how the firm positions itself. If you are swing trading using technical analysis, or scalping small moves, or trading a catalyst, IC is definitely worth shortlisting. If you intend to buy shares to invest long term, accumulate positions and sit on them to compound, this is not the place for you as the fee structure will not work in your favour. For short-term stock exposure however, the ultra tight spreads and lightning execution speeds can give particular types of traders an edge. If you know, you know.
Blackbull
BlackBull is a really strong share dealing and investment platform, offering access to 26,000+ shares, options, ETFs, bonds and other underlying assets. This is also the only platform on this list that is New Zealand based, which gives it a slightly different feel.
With the growing emphasis on charting when it comes to getting the right stock entries, and evaluating holdings, Blackbull has a host of really great trading platforms you can use, including TradingView. With MetaTrader, cTrader, and a copy trading platform, the choice is broad enough to appeal to both investors and traders. Whilst SMSF accounts are still not offered, there is plenty that you can do with BlackBull, both locally, and internationally.
Blackbull recently removed any minimum deposit requirement, so you can choose to get started with any amount you like, and with a demo account for the trading platforms, you can test this one before you get started if you want to get a feel for it. This is one to shortlist if you are thinking about both investing, and taking shorter term positions.
Best bank-linked stock broker: CommSec
CommSec remains one of the top stock brokers for Australians who value familiarity, banking integration and deep market coverage. It offers CHESS sponsorship, direct links with CDIA, and a wide international share offering, but the trade-off is higher ASX brokerage than the low-cost specialists.
Online Australian share trades settled through CDIA or a CommSec Margin Loan cost $5 up to $1,000, $10 up to $3,000, $19.95 up to $10,000, $29.95 up to $25,000, then 0.12% above that.
Best flat-fee broker for larger ASX trades: Selfwealth
Selfwealth is still a strong pick if you want a simple, predictable fee model. It is CHESS-sponsored, uses a HIN-based structure, and charges $9.50 flat brokerage on Australian trades regardless of order size, which can be attractive once your trade sizes move beyond the very small-ticket range.
Best low-cost online broker for shares: Stake
Stake is the standout if you want a clean modern app and very low brokerage on Australian shares. It is CHESS-sponsored, gives you your own HIN, charges $3 brokerage up to A$30,000 on ASX trades, and also offers access to 2,500+ ASX stocks and 9,500+ U.S. stocks and ETFs.
The Wrap
When searching for the best share trading platform, the best online broker for shares, the best investment broker, or simply the best online trading platform for Australia, the right choice usually comes down to whether you want CHESS-sponsored ASX holdings, how much you’ll pay in brokerage and FX, how many global markets you can reach, how good the app and research tools are, and whether the platform suits beginners, long-term investors, or active traders.
The best share trading platform for one investor can be a poor fit for another if FX costs, inactivity fees or high trade minimums creep in. Stake’s 55 bps FX fee on Wall St, CommSec’s 0.55% FX fee on international conversions, and IG’s 0.7% FX fee all matter just as much as local brokerage once you start buying overseas shares.
If you only buy ASX shares and ETFs, a CHESS-sponsored broker with low brokerage fees can be the choice. If you want global diversification, platforms like IC Markets, Blackbull, and eToro pull ahead because they combine Australian shares with sizeable international access.
So in the end, decide on what is most important to you, and pick one of the brokers that delivers to that need. The best broker for you may well be different from the next person, although if you stick to one of the above, you will know you are in safe hands.
