Top 7 Best Investment Platforms in Australia for 2025 Ranked

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Adam is a Co-Founder and content creator for The Investors Centre. His key areas of interest and expertise are cryptocurrency and blockchain technology.

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Seasoned finance professional with 10+ years' experience. Chartered status holder. Proficient in CFDs, ISAs, and crypto investing. Passionate about helping others achieve financial goals.

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Updated 17/01/2025

Quick Answer: What is the Best Investment Platform in Australia?

The best investment platform in Australia is eToro, thanks to its user-friendly interface, low fees, and extensive social trading features, which make it an ideal choice for both beginners and seasoned investors. 

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Which Are the Top 7 Investment Platforms in Australia?

  1. eToro – Best for social trading, low fees. 
  2. Tiger Brokers – Best for low-cost global trading. 
  3. Moomoo – Advanced tools, seamless user experience. 
  4. Webull – Commission-free, great trading insights. 
  5. Superhero – Ideal for ASX and ETFs. 
  6. CMC Invest – Comprehensive tools, trusted platform. 
  7. Sharesies – Beginner-friendly, micro-investing simplicity. 

Choosing the right investment platform in Australia can feel overwhelming, especially with so many options available. Over the years, I’ve tried several of these platforms to find the ones that deliver the best value, ease of use, and reliability. Here, I’ll share my personal experiences and rank the top 7 platforms for 2025. 

Comparison of the 7 Best Investment Platforms

RankPlatformBest ForFeesAssetsEase of Use
#1 eToro Social trading, beginners Spread fees (0.09%) Stocks, ETFs, Crypto, Commodities Intuitive and user-friendly
#2 Tiger Brokers Low-cost global trading $0.99 per US stock Stocks, ETFs, Futures, Options Feature-rich but complex
#3 Moomoo Advanced analysis tools Zero commissions Stocks, ETFs, Options, Futures Advanced but steep learning curve
#4 Webull Commission-free trading Zero commissions Stocks, ETFs, Crypto Balanced for all levels
#5 Superhero ASX-focused beginners Flat trading fee ($5) Stocks, ETFs Simple and easy to use
#6 CMC Invest Comprehensive tools Competitive spreads Stocks, ETFs, Crypto Reliable and robust
#7 Sharesies Micro-investing simplicity Subscription model Stocks, ETFs Very beginner-friendly

How Do Investment Platforms Compare in Australia?

Investment platforms in Australia differ significantly in terms of fees, features, and usability. For instance, platforms like eToro and Tiger Brokers offer lower trading fees, making them ideal for cost-conscious investors, while Moomoo stands out for its advanced trading tools that cater to active traders. 

Key factors to consider include: 

  • Fees: Some platforms charge flat fees (e.g., Superhero), while others have percentage-based fees. 
  • Assets: Platforms like eToro and CMC Invest provide access to global stocks, ETFs, and cryptocurrencies. 
  • Tools: Moomoo and Webull excel in offering in-depth analysis tools and market data. 
  • Ease of Use: Sharesies and Superhero are particularly suited for beginners thanks to their simple interfaces. 

The 7 Best Investment Platforms in Australia

#1 eToro – Beginner-Friendly and Low Fees

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Why Do We Recommend It?

I’ve been using eToro for years, and its social trading features have been a game-changer. The ability to copy successful traders has helped me learn strategies while growing my portfolio. For beginners, it’s a fantastic way to ease into investing without feeling overwhelmed. 

What Are the Pros & Cons?

Fees on eToro are relatively low. While there are no commissions on stock trades, you’ll pay a spread fee starting at 0.09%. Withdrawals cost $5, and currency conversion fees apply if not using USD. 

With eToro, you can trade a variety of assets: 

  • Stocks (Australian and global) 
  • ETFs 
  • Cryptocurrencies 
  • Commodities 
  • Indices 

eToro’s platform is incredibly intuitive. The app and website are well-designed, making it easy to navigate. Features like the demo account and social trading make it perfect for beginners who want to experiment before investing real money. 

#2 Tiger Brokers – Best for Low-Cost Global Trading

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Why Do We Recommend It?

Tiger Brokers stands out for its ultra-low trading fees, especially for global markets. As someone who frequently trades international stocks, I’ve found their cost structure unbeatable. The platform also offers robust analytical tools that cater to active traders. 

What Are the Pros & Cons?

Tiger Brokers charges competitive fees: 

  • $0.99 per trade for US stocks. 
  • Currency conversion fees for foreign investments. 
  • No inactivity fees, which is a huge plus. 

Tiger Brokers allows access to: 

  • Global stocks (US, Asian, and European markets) 
  • ETFs 
  • Futures 
  • Options 

While powerful, Tiger Brokers’ platform has a learning curve. It’s best suited for those with some trading experience. The mobile app is feature-rich but can feel overwhelming at first. However, the low fees make it worth mastering. 

#3 Moomoo – Advanced Tools, Seamless User Experience

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Why Do We Recommend It?

Moomoo is perfect for tech-savvy investors who love in-depth analysis. I use it for its advanced charting tools and real-time data, which have helped me make informed decisions. It’s a platform that caters to both active and professional traders. 

What Are the Pros & Cons?

Moomoo offers zero-commission trading for stocks and ETFs. However, there are fees for options trading and additional tools. Currency conversion fees also apply for non-AUD transactions. 

Moomoo supports: 

  • Stocks (AU, US, and HK markets) 
  • ETFs 
  • Options 
  • Futures 

While Moomoo offers incredible tools, the platform can feel overwhelming for beginners. The app’s layout is packed with features, which experienced traders will love, but new users may need time to adapt. 

#4 Webull – Commission-Free, Great Trading Insights

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Why Do We Recommend It?

Webull is one of my go-to platforms for its commission-free trading and robust educational tools. It’s great for learning as you invest, offering a balance between ease of use and powerful features for intermediate users. 

What Are the Pros & Cons?

Webull charges no commissions on stock and ETF trades. There are fees for options and margin trading, but they remain competitive. Be mindful of currency conversion fees. 

Webull allows trading of: 

  • Stocks (US and global) 
  • ETFs 
  • Options 
  • Cryptocurrencies 

Webull strikes a balance between beginner and advanced usability. While it lacks some local features, the educational resources make it a great choice for learning investors. 

#5 Superhero – Ideal for ASX and ETFs

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Why Do We Recommend It?

Superhero is my go-to platform when trading Australian stocks (ASX) or investing in ETFs. It’s designed with simplicity in mind, making it perfect for beginners. The flat-fee structure is particularly appealing, especially for those just starting their investment journey. 

What Are the Pros & Cons?

Superhero’s fees are among the lowest for ASX trading: 

  • $5 flat fee per trade for Australian stocks. 
  • No inactivity fees. 
  • A small management fee applies for accessing certain ETFs. 

Superhero focuses primarily on: 

  • Australian stocks (ASX-listed companies) 
  • Exchange-Traded Funds (ETFs) 

Superhero has a clean, minimalist interface that’s perfect for beginners. However, advanced investors might find it too simplistic, as it lacks the research and analytical tools found on platforms like Moomoo or Webull. 

#6 CMC Invest – Comprehensive Tools, Trusted Platform

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Why Do We Recommend It?

CMC Invest is one of the most comprehensive platforms I’ve used. It combines a strong global reputation with powerful tools that cater to both beginners and experienced investors. Its customer support is reliable, and the platform’s research tools are excellent for making informed decisions. 

What Are the Pros & Cons?

CMC Invest’s fees are competitive but vary by asset class: 

  • Percentage-based fees for certain trades. 
  • No inactivity fees. 
  • Forex and currency conversion fees apply for international trades. 

CMC Invest offers a broad range of investment options: 

  • Stocks (local and global) 
  • ETFs 
  • Cryptocurrencies 
  • Indices 

While the platform has robust features, it’s more suited for intermediate to advanced investors. Beginners might need time to explore its functionalities. However, its research tools and customer support are top-notch. 

#7 Sharesies – Beginner-Friendly, Micro-Investing Simplicity

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Why Do We Recommend It?

Sharesies has been a game-changer for making investing accessible. It’s tailored for micro-investing, allowing users to invest small amounts (even $1). As someone who often recommends it to beginners, I find its educational resources especially helpful. 

What Are the Pros & Cons?

Sharesies uses a subscription-based model: 

  • Subscription plans start at a few dollars per month. 
  • No brokerage fees for standard trades. 
  • Currency conversion fees apply for non-AUD investments. 

Sharesies allows users to invest in: 

  • Stocks (local and global) 
  • ETFs 

Sharesies is designed to be intuitive for beginners. Its focus on simplicity and education makes it an excellent starting point for those new to investing. However, advanced traders will likely find it too basic for their needs. 

How Do Robo-Advisors Compare to Self-Directed Platforms in Australia?

Robo-advisors and self-directed platforms offer two distinct approaches to investing. Robo-advisors like Spaceship and Six Park automate the process, making them ideal for beginners or those with limited time. They use algorithms to create diversified portfolios based on your goals and risk tolerance. 

AspectRobo-AdvisorsSelf-Directed Platforms
Best ForBeginners or time-poor investorsExperienced or hands-on investors
ControlLimited control; automated portfolio managementFull control over investment decisions
FeesTypically a percentage of portfolio valueVaries; often lower for trades but may include additional costs
Time CommitmentMinimal (set-and-forget)High (research, monitoring, and managing trades)
ToolsBasic portfolio tracking toolsAdvanced charting and analysis tools

Pros of Robo-Advisors: 

  • Hands-off investing with minimal effort required. 
  • Automatic rebalancing ensures portfolios stay aligned with goals. 

Cons of Robo-Advisors: 

  • Less control over individual asset selection. 
  • Limited customisation compared to self-directed platforms. 

Self-directed platforms, like eToro and Moomoo, offer complete control. They’re suited for experienced investors who prefer to pick their assets and strategies. While they provide freedom, they also require more time and knowledge. 

Pros of Self-Directed Platforms: 

  • Full control over investment decisions. 
  • Access to advanced tools for research and analysis. 

Cons of Self-Directed Platforms: 

  • Time-intensive and requires market expertise. 
  • Higher risk of emotional decision-making. 

Ultimately, the choice depends on your experience, preferences, and how involved you want to be in managing your portfolio. 

What Are the Tax Implications of Using Investment Platforms in Australia?

When investing in Australia, understanding tax implications is crucial. Here are the key considerations: 

  1. Capital Gains Tax (CGT): Profits from selling investments are subject to CGT. However, if you hold an asset for more than 12 months, you may qualify for a 50% discount on the taxable amount. 
  1. Dividend Income: Dividends from Australian companies often come with franking credits, which can offset your tax liability. 
  1. Deductions: Expenses like platform fees or interest on loans used for investments may be tax-deductible. 

It’s essential to keep detailed records of all transactions, including purchase prices and sale dates, to accurately calculate your tax obligations. Consider consulting a tax professional to maximise deductions and ensure compliance with ATO regulations. 

Fractional shares enabled me to invest in companies like Amazon and Google that would otherwise be out of reach.

How Do Australian Investment Apps Compare to Traditional Brokers?

Cost Savings

Investment apps often eliminate high brokerage fees:

  • Zero commissions: eToro and Webull save you money on trades.
  • Flat fees: Superhero charges just $5 for ASX trades.
  • Lower minimum deposits than traditional brokers.

Switching to apps significantly reduced my costs, enabling me to reinvest more of my returns.

Ease of Use

Apps focus on user-friendly interfaces, ideal for beginners:

  • Clean dashboards simplify navigation (e.g., Sharesies).
  • Traditional brokers often have outdated systems that are harder to use.

I found apps like eToro much easier to navigate than the complex platforms of traditional brokers.

Access to Real-Time Data

Apps provide live updates and tools like:

  • Real-time stock prices.
  • Custom alerts for price changes (e.g., Moomoo).
  • Market insights and analysis tools.

This instant access has helped me make more informed decisions compared to waiting for updates from traditional brokers.

Summary and Key Takeaways for Australian Investors

Choosing the right investment platform depends on your goals, experience, and preferred level of involvement. Platforms like eToro and Tiger Brokers cater to diverse needs, from beginners to active traders. Always consider factors like fees, security, and available assets. With the right platform, you can confidently grow your wealth in 2025 and beyond. 

FAQs

For beginners, eToro stands out with its user-friendly design and social trading features, allowing new investors to learn from experienced traders. 

Yes, most platforms in Australia are regulated by ASIC, ensuring compliance with security and operational standards. 

Many platforms, like Sharesies, allow investments starting from just $1, making it accessible for all budgets. 

Fees vary, but common charges include trading fees, spread fees, and currency conversion fees. Always review the fee structure before committing. 

Yes, platforms like Tiger Brokers and eToro provide access to global markets, including US and Asian stocks. 

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