Top 7 Best Investment Platforms in Australia for 2025 Ranked
Check out our top trading platforms, tested with real trades and selected to meet the needs of Australian traders.
eToro
AUS Platform Score: 4.8/5
51% of retail CFD accounts lose money.
Tiger Brokers
AUS Platform Score: 4.7/5
Trading and investing involve risk. Capital at Risk
Moomoo
AUS Platform Score: 4.5/5
Trading and investing involve risk. Capital at Risk
Webull
AUS Platform Score: 4.45/5
Trading and investing involve risk. Capital at Risk
Superhero
AUS Platform Score: 4.3/5
Trading and investing involve risk. Capital at Risk
CMC Invest
AUS Platform Score: 4.1/5
Trading and investing involve risk. Capital at Risk
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.
Comparison of the 7 Best Investment Platforms
| Rank | Platform | Best For | Fees | Assets | Ease 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 |
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.
Which Are the Top 7 Investment Platforms in Australia?
- eToro – Best for social trading, low fees.
- Tiger Brokers – Best for low-cost global trading.
- Moomoo – Advanced tools, seamless user experience.
- Webull – Commission-free, great trading insights.
- Superhero – Ideal for ASX and ETFs.
- CMC Invest – Comprehensive tools, trusted platform.
- Sharesies – Beginner-friendly, micro-investing simplicity.
eToro – Beginner-Friendly and Low Fees
Pros & Cons
- User-friendly interface, perfect for beginners.
- Social trading lets you learn from experts.
- Wide range of assets, including stocks, crypto, and ETFs.
- Limited tools for advanced traders.
- Higher spreads on certain trades compared to competitors.
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What Are the Fees and Charges?
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What Assets Can You Trade?
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How Easy Is the Platform to Use?
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.
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 51% of retail CFD accounts lose money when trading CFD’s with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Tiger Brokers – Best for Low-Cost Global Trading
Pros & Cons
- Extremely low trading fees, especially for US and Asian markets.
- Comprehensive market data for detailed analysis.
- Mobile app is fast and responsive.
- Limited local Australian stocks.
- Complex interface may overwhelm beginners.
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What Are the Fees and Charges?
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What Assets Can You Trade?
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How Easy Is the Platform to Use?
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.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Moomoo – Advanced Tools, Seamless User Experience
Pros & Cons
- Advanced charting tools and technical analysis.
- Zero-commission trades on stocks and ETFs.
- Real-time data and market insights.
- Not beginner-friendly, due to its complex features.
- Limited customer support compared to others.
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What Are the Fees and Charges?
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What Assets Can You Trade?
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How Easy Is the Platform to Use?
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.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Webull – Commission-Free, Great Trading Insights
Pros & Cons
- Commission-free trading on stocks and ETFs.
- Great for intermediate traders.
- Comprehensive educational resources.
- Limited ASX offerings.
- Doesn’t support superannuation accounts.
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What Are the Fees and Charges?
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What Assets Can You Trade?
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How Easy Is the Platform to Use?
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.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Superhero – Ideal for ASX and ETFs
Pros & Cons
- Flat trading fee ($5 per trade), ideal for budget-conscious investors.
- Simple and beginner-friendly interface.
- Focused on Australian stocks and ETFs.
- Limited international stocks.
- No advanced charting or analysis tools for professional traders.
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What Are the Fees and Charges?
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What Assets Can You Trade?
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How Easy Is the Platform to Use?
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.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
CMC Invest – Comprehensive Tools, Trusted Platform
Pros & Cons
- Comprehensive trading tools for advanced users.
- Wide variety of assets, including stocks, ETFs, and crypto.
- Trustworthy platform with a strong global reputation.
- Higher fees compared to some competitors.
- Interface can feel slightly dated.
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What Are the Fees and Charges?
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What Assets Can You Trade?
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How Easy Is the Platform to Use?
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.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Sharesies – Beginner-Friendly, Micro-Investing Simplicity
Pros & Cons
- Micro-investing allows investments as small as $1.
- Beginner-friendly platform with an emphasis on education.
- Subscription-based pricing with no hidden fees.
- Limited advanced tools for professional investors.
- Narrower asset range compared to platforms like eToro.
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What Are the Fees and Charges?
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What Assets Can You Trade?
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How Easy Is the Platform to Use?
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.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
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.
| Aspect | Robo-Advisors | Self-Directed Platforms |
|---|---|---|
| Best For | Beginners or time-poor investors | Experienced or hands-on investors |
| Control | Limited control; automated portfolio management | Full control over investment decisions |
| Fees | Typically a percentage of portfolio value | Varies; often lower for trades but may include additional costs |
| Time Commitment | Minimal (set-and-forget) | High (research, monitoring, and managing trades) |
| Tools | Basic portfolio tracking tools | Advanced charting and analysis tools |
Pros of Cons of Robo-Advisors
- Hands-off investing with minimal effort required.
- Automatic rebalancing ensures portfolios stay aligned with goals.
- 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 Cons of Self-Directed Platforms
- Full control over investment decisions.
- Access to advanced tools for research and analysis.
- 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:
- 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.
- Dividend Income: Dividends from Australian companies often come with franking credits, which can offset your tax liability.
- 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.
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FAQs
What is the best investment platform for beginners in Australia?
For beginners, eToro stands out with its user-friendly design and social trading features, allowing new investors to learn from experienced traders.
Are investment platforms safe to use in Australia?
Yes, most platforms in Australia are regulated by ASIC, ensuring compliance with security and operational standards.
How much money do I need to start investing?
Many platforms, like Sharesies, allow investments starting from just $1, making it accessible for all budgets.
What fees should I expect when using investment platforms?
Fees vary, but common charges include trading fees, spread fees, and currency conversion fees. Always review the fee structure before committing.
Can I invest in international stocks from Australia?
Yes, platforms like Tiger Brokers and eToro provide access to global markets, including US and Asian stocks.
