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Top 8 Australian Stock Brokers (June 2024)

Updated on is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.

Online stock trading is growing all the time in popularity. With so many low-fee brokers offering better and better deals, this is the time to get involved in the stock market for many traders. Regardless of whether you are brand new to stock trading or have a lot of experience, the broker you choose is key. This is why we have taken the time to put together this listing of our top Australian stock brokers.

Alongside that we will offer a few tips and important points to consider when choosing a broker. These should help you make a choice that is the perfect fit for your own trading needs.

Important Areas to Consider

Having looked at all of the available brokers, we have picked out some of the key points for you to think about at any level of trading to ensure you make the very best choice of stock broker:

Fees and Commissions: These are a big deal when it comes to your cost of trading. You need to be sure your broker is transparent with this information and you know all of the fees and charges. Luckily, the majority of brokers now offer very low-fee, and commission-free trading.

Broker Trading Features: The trading platform is where you may spend most of your time. It is, therefore, essential that this is a place where you feel comfortable. It means it should be a user-friendly environment with all the features you need, and with a learning curve that is not too daunting.

Regulation: Trust is imperative in trading. You want to be completely sure your funds are safe. Look out for brokers that are regulated by top-tier respected bodies like ASIC, CySEC, and others as a great sign.

Warning: Regardless of broker choice or capital deployment, investing always brings a level of risk that must be understood and considered.

1. Interactive Brokers

Move into the future with IBKR

Interactive Brokers is one of the industries most experienced brokers and they offer a great deal for stock trading online in Australia as they do in many countries we have reviewed. They have several account types available to fit your trading profile and you can make use of their very intuitive and proprietary trading platform on all devices.

They are one of the only brokers in Australia top operate a combined platform where you can trade not only stocks from more than 20 exchanges around the world, but you can also invest in forex and CFDs trading in the same place. This one stop location is very popular with traders.

They are also one of the few to offer fractional trading. This makes it really easy to get involved in even the most expensive stocks for traders at any level and all backed by the comprehensive support and trading infrastructure that IB provides to millions around the world.

Trading Costs: They operate a tiered system with the majority of trades costing $5 or 0.08% on Australian trades and from $0.0035 per share with a 1% value max on international trades.

For more on Interactive Brokers you can always head to their website to get started.

2. Saxobank

Saxobank is an international brand that is a regulated and licensed industry leader who adheres to strict regulatory requirements in 15 jurisdictions, including Australia, Denmark, the UK, and Singapore. The Australian division is operated by Saxo Capital Markets (Australia) Limited ABN 32 110 128 286 and they hold an an Australian Financial Services Licensee (AFSL 280372).

Select from an extensive array of products for cash and margin trading across global markets. Whatever your trading choice, access what you need for confident decision-making, including advanced tools, trading insights, and comprehensive market research. Offerings include trading in stocks, ETFs, bonds, cryptocurrency, forex, CFDs, and much more.

Stock traders will be pleased as they offer the opportunity to invest in over 23,500 stocks from the ASX, New York, Hong Kong, and 50+ other global markets.

Warning: Trading can result in losses. Please ensure you understand the risks.

3. Webull

Smooth Trading Experience with Webull

Webull is a leading international stock broker that is regulated in multiple jurisdictions and offers the ability to trade 15,000+ stocks and ETFs in both Australian and US markets.

Webull Securities Pty Limited (‘Webull Securities’) ABN: 51 654 849 457 is licensed and regulated by the Australian Securities Investments Commission (‘ASIC’) under its AFSL Number 536980.

They offer Intuitive and powerful advanced charts and multiple technical indicators, empowering you to seize trading opportunities.

Trading Costs:

Australian stocks & ETFs: $0.0003 x Trade Value (Min. $ 4.90).

US Stocks & ETFs, fees depend on trading hours.

Regular and Extended Hours 04:00 am – 08:00 pm (ET) $0.00025 X Trade Value.

Overnight Hours 08:00 pm – 04:00 am (ET) $0.0003 X Trade Value.

4. Moomoo

Moomoo is a trading platform that enables the trading of stocks in Australia as well as major USA exchanges such as NASDAQ and the NYSE. Investment products and services on Moomoo are offered by Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC). Financial services are offered in Australia by Futu Securities (Australia) Ltd, ABN 51 095 920 648, an Australian Financial Services Licensee (AFSL No. 224663).

They offer a wide assortment of trading options including Australia and USA stocks, along with competitive pricing on trading fees.

Moomoo has zero deposit requirements and no monthly account maintenance fees.

To learn more, read our Moomoo Review or visit Moomoo.

5. eToro

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eToro is one of most popular trading platforms in the world with over 20 million registered users. They offer low fees and minimum deposits, combined with a user-friendly platform. When you invest in the underlying asset – in other words, when you open a non-leveraged, BUY (long) stock position, you will pay zero commission.

Unlike most stock brokers, they also allow investing in fractional shares. A fractional share is a portion of an equity stock that is less than one full share. Fractional shares allow you to purchase stocks based on the dollar amount you want to invest.

eToro platform gives traders and investors access to more than 3,000 different financial assets, including stocks, cryptocurrencies, ETFs, indices, currencies and commodities which can be invested in both with and without leverage, giving almost anyone access to short-, mid- and long-term investment options.

eToro is regulated by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139, and your funds are protected by industry-leading security protocols.

Read our eToro Review or visit eToro to open your account.

Warning: eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Residents of Brazil, China, Japan, Korea, Portugal, Turkey, Ukraine, & Russia are prohibited.

6. Westpac

Westpac is one of the biggest banks in Australia and has been around now for more than 200 years. Trust then will not be an issue with this broker and institution. They do well in the range of their offering with many assets available to trade. Of course you can trade stocks listed in Australia, and around the world but you will also be able to trade in ETFs, ETCs, warrants, funds, and more.

The Westpac trading platform is one which is also easy to get to grips with. A very user-friendly layout is matched by a high degree of customizability suitable for more advanced traders. The broker also wins praise for the depth of their available research and trading tools. All traders can receive a complimentary investor package with market research, data, and charts while more advanced options are also offered.

Furthermore, you can also bank on round the clock support from the banks support team available on a 24/7 basis when US markets are open.

Trading Costs: Trading fees start from $19.95 or 0.11%. There are no ongoing fees for standard accounts though. The inactivity fee of $63.50 applies on a global markets account but Australian markets accounts are exempt.

If you are interested, you can head directly to Westpac to find out more.

7. NABTrade

Nabtrade is the trading arm of the National Australia Bank which is another of the largest in the country. Here again then you can certainly rely on the must trustworthy of services and should have no problems with the secure trading environment provided.

You can look forward to trading in more than 10,000 assets on all of your devices with PC, tablet, and phone trading all provided through the NAB trading platform in collaboration with the well-known and respected IRESS trading platform available on mobile.

There are several service levels when it comes to accessing data and research on the market however the first few of these can come with no charge depending on your volume of trading and provide great insight to markets from professional viewpoints to technical analysis, and more. Nabtrade overall does well in every category when it comes to providing an accessible, and user-friendly trading service you can trust while not shirking on the detail.

Trading Costs: Trade prices start at $14.95 or 0.11% with an inactivity fee of 0.5% of portfolio value after 1-year of not trading. There are no ongoing monthly costs on most account types.

Take a look for yourself by visiting Nabtrade today for more information.

8. ANZ

Completing the line-up of some of the biggest banks in Australia, ANZ is another, and very popular choice among those looking to get started in online stock trading with a name they trust. This is exactly what you will find with ANZ alongside the other big banks. Security and transparency are a priority here. You will also find good flexibility in being able to directly link an ANZ cash account for trading shares.

You will be able to trade using the ANZ proprietary online trading platform that offers a good experience for traders at all levels without being one of the most acclaimed in the sector. You can also trade directly through the ANZ app on mobile while the opportunity is available for active traders to upgrade to the ANZ Pro platform for a more in-depth experience catering to your level of knowledge.

As well as domestic Australian shares you can trade on more than 11 major exchanges worldwide, and not only in shares. You will also be able to trade options, funds, warrants, ETFs, and even gain access to some IPOs.

Trading Costs: trading fees start at $19.95 on up to $18,000 of trades in Australian shares or 0.11% while international share trading of more than $10,000 is $59 or 0.59%

For more details you can visit ANZ to take a look, get information, and sign up.

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world. A keen trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.