Best Stock Trading Apps in Australia

Home » Best Stock Trading Apps in Australia

Are you looking to start trading stocks but would prefer to use your smartphone to do so? Then you’ve come to the right page.

In the following guide, we have listed, reviewed, and compared the 6 best stock trading apps in Australia. Our guide contains both the opinions of trading experts and regular traders like you and me.

Our aim with this list of the top stock apps in Australia is to help you find the perfect broker for your needs without the normal amount of effort and time it takes to find one. Feel free to continue reading and we can (almost) guarantee that you’ll be up and running in no time.

Our list of the Best Stock Trading Apps in Australia
45,731 User Reviews
2.1 rating
2.1
Visit site Read Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
3,885 User Reviews
2.2 rating
2.2
Visit site Read Review
Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
142,759 User Reviews
1.9 rating
1.9
Visit site Read Review
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
11,369 User Reviews
2.0 rating
2.0
Visit site Read Review
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
113,713 User Reviews
1.9 rating
1.9
Visit site Read Review
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
4,743 User Reviews
2.4 rating
2.4
Visit site Read Review
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
How we test?

OnlineTrading aims to provide quality, simple, and proven information to its readers. Our team of financial experts carefully checks every detail to provide a unique and comprehensive guide to safe trading around the world.

Feedback from regular users is very important to us, so we try to consider the opinions of reviews and feedbacks from several trusted platforms. We spend about 100 – 250 hours analysing and collecting information on each trading platform to ensure our recommendations are reliable.

Naturally, we always remain impartial, honest and recommend only licensed and reliable brokers.

Read more about our test process here.

Compare Best Stock Trading Apps in Australia of 2022

To create the most accurate reviews possible, we combine two methods of research. First, we let our team of financial experts review the market and all the relevant brokers. Second, we collect millions of user reviews from Trustpilot, the App Store, and Google Play.

After all this information has been collected, we combine it into comprehensive and comprehensible recommendations and comparisons. That way, you can find the best stock app based on both experts’ and other users’ opinions.

license logo
Regulations/Licenses
payment logo
Minimum Deposit
Available Stock Assets
Demo Account
payment methods
Payment Methods
money insurance logo
Money Insurance

Compare with other broker
License
Minimum deposit
Stock Assets
Demo account
Payment & Withdraw options
IG Markets logo
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
ASIC, FCA, FSCA, PRA
$250
8000
Yes
Paypal, Bank Wire Transfer, Credit cards, Neteller, Skrill
CMC Markets logo
Visit site
Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
FCA, BaFin
No
8,000
Yes
Credit cards, Paypal
eToro logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
ASIC, CySec, FCA, FSAS, FSCS
$200
2044
Yes
Credit card, PayPal, Bank transfer, Neteller, Skrill, WebMoney
Interactive Brokers logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
CFTC, FINRA
$100
38
Yes
US ACH, IB, Check, Canadian EFT transfer, SEPA, Initiated at IB BACS, GIRO/ACH, NZD ACH
Plus500 logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
ASIC, FCA, FSCA
$100
2000+ (CFDs only)
Yes
Bank Wire Transfer, Credit cards, Paypal, Skrill
oanda logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
IIROC, FSG
No
No
Yes
Bank Wire Transfer, Credit cards, Neteller, Skrill, Paypal

Compare brokers

Close

1. IG Markets – Overall Best Stock and Shares Trading App in Australia

IG
IG
IG
IG
IG
IG
IG
IG

With a history that started in the ‘70s, 17,000+ assets (mostly stocks), and a plethora of awards, top-rated reviews and amazing feedback from actual stock traders, there is no denying that IG Markets is and remains the best stock and shares trading app in Australia.

One of the main pros of using IG Markets is that they have a wide range of platforms available both on desktop and as stock trading apps. This means that you can find the perfect platform and app for your specific needs.

Please be aware that IG Markets’ main demographic are experienced traders and that their sophisticated software can be overwhelming and too technical for beginners.

OnlineTrading.Reviews Rating:
✔ Advanced research tools provided.
✔ Fast and responsive trading platform.
2.1 rating
2.1
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • A huge number of stocks and shares from all over the world
  • One of the biggest and most established online brokers ever
  • A great and sophisticated choice for professional day traders
Cons
  • A $300 minimum deposit for credit card transactions and e-wallets
  • Several advanced platforms that are not suitable for beginners

2. CMC Markets – Best Stock Trading App for Investments in Australia

CMC Markets
CMC Markets
CMC Markets
CMC Markets
CMC Markets
CMC Markets
CMC Markets
CMC Markets

CMC Markets is a legendary, UK-based online broker that provides great trading and investment opportunities in Australia. With CFDs, spread betting, and even a DMA platform for stocks, there is no shortage of investments available through the CMC Markets stock app.

In addition to winning a range of prestigious awards, CMC also performs high in all our tests and receives overwhelmingly good reviews from previous and current customers.

To make things even better, the CMC Markets stock app has no minimum deposit level, meaning that you can start trading stocks for as much or as little as you can afford. With that said, we have experienced some issues with the customer service and there are rather high fees on certain stocks and instruments.

OnlineTrading.Reviews Rating:
✔Low forex fees
✔Excellent research and educational tools
2.2 rating
2.2
Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • No minimum deposit level – start trading with as much or as little as you want to
  • A large number of stocks from every corner of the globe
  • Stocks offered as derivatives and through a DMA platform
Cons
  • Long response time when contacting the customer service
  • Spread is a little too high on certain CFDs

3. eToro – Best Stock Trading App for Education in Australia

Etoro
Etoro
Etoro
Etoro
Etoro
Etoro
Etoro
Etoro

Many experts, including ourselves, agree that the best way to learn stock trading is by learning from others. Luckily, eToro has mastered this system and provides the best stock trading app for education in Australia.

Instead of only focusing on studying stock trading strategies, books, and webinars, eToro’s Copy Trader Platform and Social Trading Network allow you to interact with online traders from all over the world. From experience, we know that this is an effective way to master stock trading.

In addition to stock trading, eToro also provides a wide range of cryptocurrencies, commodities, and currency pairs to trade. Unfortunately, eToro has made a name for itself for being quite expensive with high spread and deposit limits. In turn, this limits its usability for beginners.

Pros
  • A groundbreaking social copy trading platform that connects traders
  • Licenses around the world from Australia to Europe and the United States
  • One of the biggest online brokers based on the number of customers
Cons
  • Known for being expensive with high spread deposit limits
  • Not nearly as many stocks offered as its competitors

4. Interactive Brokers – The Safest Stock Trading App in Australia

InteractiveBrokers
InteractiveBrokers
InteractiveBrokers
InteractiveBrokers
InteractiveBrokers
InteractiveBrokers
InteractiveBrokers
InteractiveBrokers

While all our recommended stock brokers are regulated and safe, Interactive Brokers (IBRK) is considered safer than others due to the long list of top-tier regulatory bodies that oversee its operation.

You see, unlike many brokers that limit themselves to one or two markets – for instance, the European Union and Australia – IBRK has managed to receive brokerage licenses in many other jurisdictions. This includes the United States and Canada which boasts two of the strictest trading policies in the world.

With thousands of stocks and other instruments on offer, you will always have new and exciting markets to explore. Combine that with excellent execution, great customer service, and an award-winning mobile stock app, and it should become clear why Interactive Brokers is such a popular stock trading app in Australia.

OnlineTrading.Reviews Rating:
✔ Low trading fees
✔ Wide range of products
2.0 rating
2.0
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • A great stock app for investments and trading in Australia
  • Internationally recognized as one of the best online brokers
  • Customizable user experience
Cons
  • Best suited for experienced traders and not beginners
  • Expensive to trade with

5. Plus500 – Best Trading App for CFD Stock Trading in Australia

Plus500
Plus500
Plus500
Plus500
Plus500
Plus500
Plus500
Plus500

Not only is Plus500 one of our favorite brokers, but the broker has also been awarded the Best CFD Mobile Platform in Australia by the Investment Trends 2020 Australia CFD Report. Naturally, it’s hard to argue with those stats and there is no denying that Plus500 has the best CFD stock app in Australia.

One of the main reasons as to why Plus500 is such a great mobile trading app is that the software was designed in-house. That gives the broker total control over all its functionality and performance, unlike a broker that relies on a third-party mobile platform.

One of the downsides with Plus500 is the limited selection of assets, but with more than 2,000 global stocks listed, there is something to trade for everyone.

We do appreciate Plus500’s dedication to making online trading fun and relevant and do recommend our readers to give them a try. At least by opening a Plus500 demo account in the stock app.

OnlineTrading.Reviews Rating:
✔ Zero commission.
✔24/7 customer support service.
1.9 rating
1.9
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • Highest rated trading app for both Android and iOS
  • A true pioneer in software development for brokers
  • Unlimited demo account for practice and strategy development
Cons
  • A limited selection of stocks (only 2,000)
  • No third-party platforms can be limited for some

6. Oanda – Low-Cost Stock Trading App in Australia

Oanda
Oanda
Oanda
Oanda
Oanda
Oanda
Oanda
Oanda

Being the fact that stock trading is never completely free, many traders try to find the cheapest stock trading app in Australia. After having compared all the available apps and brokers as well as all of their fees (commission, spread, and non-trading fees), we have concluded that Oanda is the cheapest stock trading app in Australia.

Despite the low cost to use Oanda to trade stocks, the broker manages to offer a top-tier trading experience with all the tools, assets, and platforms you could wish for. So not only is Oanda cheap, but you can expect to have an incredible experience using the broker.

Based in the US, you can rest assured that Oanda lives up to some of the strictest online trading laws in the entire world. Leaving no reason to be worried while trading using the Oanda stock app.

OnlineTrading.Reviews Rating:
✔Outstanding research tools
✔User-friendly account opening
2.4 rating
2.4
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • Licensed around the world from Australia to the United States
  • One of the cheapest stock trading apps available
  • Can be used for investments and trading
Cons
  • A limited selection of assets on offer
  • Some negative user reviews in the app stores

The Australian Securities and Investment Commission

Stock trading in Australia is legal and regulated by the Australian Securities and Investment Commission – ASIC for short. They are tasked with upholding trader safety and ensure that stockbrokers and apps comply with all applicable laws.

ASIC is also responsible to oversee the Australian stock market and plays a central role in all things trading and investment in Australia. Because of this, any brokerage that wants to operate in the country and launch a stock trading app in Australia has to be approved and licensed by ASIC.

How to Choose the Best Stock Trading App in Australia

Picking a stock trading app is not something that should be taken lightly. Since the app (and broker) will provide you with the assets and platforms that you need to trade, you have to find an app that you really enjoy using.

To do so, you should answer the following questions.

  • Is the App and Broker Legal and Licensed?

As mentioned, every broker that wants to operate in Australia has to be licensed by ASIC. This is for your own safety and the safety of the entire financial market. Therefore, your first task is to ensure that the broker and app you’re looking at is, in fact, legal.

Many online brokers are licensed in several jurisdictions and the more licenses they have, the better it is. Note that every broker and stock app listed in this guide – and on this site – is licensed and safe to use.

  • Are There Enough Stocks to Trade?

The next order of business is to review the broker’s selection of stocks and make sure that the instruments you’re interested in are available. We also recommend finding a broker with as many shares as possible since you don’t want to limit your own opportunities.

Since many online brokers are derivative brokers, they allow you to trade on several markets. Finding a broker with a wide selection of assets will, therefore, allow you to try your luck trading forex, commodities, cryptocurrencies, and more.

  • Do You Feel Comfortable with the Stock App?

Maybe the most important question to ask yourself is if you like the app. In the end, you’re the one that will use the platform and execute your trades.

Luckily, you don’t have to deposit money in order to test most brokers. All you have to do is sign up for a demo account that can be used to test an app as well as for practice.

  • Is it compatible with both Android and iOS?

You also need a stock app that will work flawlessly on your smartphone. There should be no delays or issues with the platform since that can hurt your trading effort. An easy way to check this is to read user comments in the relevant app store.

It’s also advisable to find a broker that you can use on your computer since you might not always want to trade on your smartphone. This is especially true if you want to start day trading since you need bigger screens to trade efficiently. 

FAQs

How do I start trading stocks in Australia?

Getting started with stock trading in Australia is easy. All you have to do is find a recommended broker (or stock trading app), register an account, make an initial deposit and start trading.

However, we do want to warn you. Because stock trading is hard to master and you cannot expect to start making a profit right away. In fact, as many as 80% of all retail online traders lose money in the long run.

Is Robinhood available in Australia?

Unfortunately, Robinhood is not available in Australia. At the time of writing, Robinhood is only available to traders based in the US.

With that said, the broker does plan an international launch and we expect Australia to be one of the first countries to gain access to this unique stock trading app. When this happens, you can rest assured that we will be one of the first to update you with this information.

Can I buy shares without a broker?

Yes, you can buy shares without a broker. Shares are, as you probably know, a financial instrument that gives you part ownership of a company. Based on the number of shares you own, your benefits will vary.

The easiest way to buy shares without a broker is to invest in a company directly. For instance, investing in a start-up that is not yet listed on one of the world’s exchanges.

How do I buy shares online in Australia?

To buy shares online in Australia, you need to find and register with an online broker or stock trading app. Now, the easiest and safest way to locate a good stockbroker in Australia is to use the guides and comparisons provided on this website.

Once you’ve found a stock trading app you like, you register an account and deposit money. After that, you’re free to buy shares online as you please.

Can non-Australian citizens buy stocks?

Yes, anyone that is of age in the jurisdiction where they reside can buy stocks. Even if companies and stock exchanges are locally based, they are available to anyone online.

Just keep in mind that you have to find a broker that offers the stocks or the market you want to trade on. All the stock trading apps in Australia that we have listed above offer a range of international and domestic stocks.

How do I start trading stocks in Australia?
Is Robinhood available in Australia?
Can I buy shares without a broker?
How do I buy shares online in Australia?
Can non-Australian citizens buy stocks?

Verdict

Australia boasts a thriving stock market and with the expansion of global stock trading apps in Australia, the possibility to trade on domestic as well as international stocks is better than ever.

We have spent countless hours testing and reviewing all the stock trading apps in Australia and have listed the top 6 apps in this guide. To help you find the best option for you, we’ve picked the best apps in different categories, such as the cheapest, best overall, and best app for beginners.

Adam Jarfjord
Adam Jarfjord

Head of the content of OnlineTrading. Adam creates, distributes, controls the content department, and also writes original guides, having many years of experience in trading. He checks each broker, trading platform, and app in detail so that you can quickly make your choice and be confident in it with his guides.

The opinion of our readers is critical to him, so Adam replies to every comment and tries to take into account the wishes of all readers in order to provide the most helpful information.

Leave a Reply

Your email address will not be published.