7 Best Stock Brokers in Australia 2025
Discover the top day trading brokers in Australia, expertly reviewed for 2025. Choose ASIC-regulated platforms with low fees, advanced tools, and features tailored for traders of all levels.
eToro
AUS Broker Score: 4.6/5
51% of retail CFD accounts lose money.
Webull
AUS Broker Score: 4.5/5
Trading and investing involve risk. Capital at Risk
CMC Invest
AUS Broker Score: 4.5/5
Trading and investing involve risk. Capital at Risk
Sharesies
AUS Broker Score: 4.2/5
Trading and investing involve risk. Capital at Risk
Tiger Brokers
AUS Broker Score: 3.8/5
Trading and investing involve risk. Capital at Risk
Moomoo
AUS Broker Score: 3.6/5
Trading and investing involve risk. Capital at Risk
Quick Answer: What Is the Best Stock Broker for Australians in 2025?
For 2025, eToro is Australia’s top stock broker, offering low fees, global market access, and beginner-friendly copy trading. It’s ideal for new and experienced investors seeking diversification and value, with features that simplify trading while catering to both local and international markets.
How Do Australia’s Best Stock Brokers Compare in 2025?
| Rank | Broker | Best For | Fees | Global Access | ASIC Regulated |
|---|---|---|---|---|---|
| #1 | eToro | Beginners + Global Trading | Low | Yes | Yes |
| #2 | Webull | Active Traders | Low | Yes | Yes |
| #3 | CMC Invest | Advanced ASX Investors | Medium | No | Yes |
| #4 | Sharesies | Beginners | Low | No | Yes |
| #5 | Tiger Brokers | Cost-Conscious Traders | Low | Yes | Yes |
| #6 | Moomoo | Mobile Traders | Medium | Yes | Yes |
| #7 | Superhero | ASX Trading | Low | No | Yes |
Selecting the right broker comes down to your trading style, budget, and goals. Platforms like eToro and Webull cater to global investors, while CMC Invest and Superhero shine for ASX-focused traders. Beginners are well-served by Sharesies, whereas Tiger Brokers and Moomoo offer powerful tools for cost-conscious and mobile-first traders.
Who Are the 7 Best Stock Brokers for Australian Investors?
- eToro – Best overall for global access
- Webull – Great for active traders
- CMC Invest – Advanced tools for ASX investing
- Sharesies – Perfect for beginners
- Tiger Brokers – Low fees and global access
- Moomoo – Advanced tools on mobile
- Superhero – Simple ASX trading for Australians
eToro - Low Fees and Global Access
Pros & Cons
- Low fees, no commission on stocks
- Global market access in a single platform
- Copy trading helps beginners
- Limited advanced tools for seasoned traders
- Withdrawal fees can add up over time
-
eToro’s Key Features:
-
Why Is eToro the Best Overall Broker for Australians?
- Global reach: Access to stocks, ETFs, forex, and cryptocurrencies.
- Copy Trading: Learn by following top investors’ trades.
- User-friendly design: Perfect for beginners navigating the global market.
eToro stands out for its zero-commission stock trading and affordable fee structure. Its ability to provide seamless access to US and global markets makes it a top choice for Australians looking to diversify internationally. Features like copy trading add to its appeal, especially for those who want to learn by observing successful investors.
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.
Webull - Low Fees and Advanced Tools
Pros & Cons
- Comprehensive trading tools
- Free trades for US stocks
- Customisable interface for traders
- Limited ASX stock options
- Steep learning curve for beginners
-
Webull’s Key Features:
-
What Makes Webull a Great Choice for Active Traders?
- Advanced charts and analytics.
- Zero commission on US trades.
- Real-time market data for faster decisions.
Webull offers zero-commission trading on US stocks and access to some of the most advanced tools on the market. Its customisable charts and in-depth analytics cater to active traders who rely on data to make quick, informed decisions. For Australians seeking global exposure and real-time updates, Webull provides a dynamic platform.
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 - Local Expertise and Advanced Insights
Pros & Cons
- Advanced tools for experienced traders
- Exceptional ASX coverage
Reliable customer support
- Higher fees for non-Australian assets
- Interface can feel overwhelming at first
-
CMC Invest’s Key Features:
-
Why Do Australians Prefer CMC Invest for Advanced Trading?
- Vast selection of ASX stocks and ETFs.
- Detailed research reports and data insights.
- Local support and Australian tax reporting tools.
CMC Invest excels in offering comprehensive ASX stock coverage and advanced analysis tools. Australian traders benefit from its detailed tax reporting features and dedicated local customer support. For advanced investors, its access to granular market data and in-depth research makes it a standout choice for navigating the local market.
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 - Fractional Shares and Simplicity
Pros & Cons
- Low entry costs with fractional shares
- Beginner-focused educational tools
- Simple, clean interface
- Limited advanced trading tools
- Not ideal for experienced 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.
Tiger Brokers - Ultra-Low Fees and Global Reach
Pros & Cons
- Lowest fees on the market
- Wide variety of global stocks
- Powerful analytics tools
- Mobile app needs improvement
- Limited beginner support
-
Tiger Brokers’ Key Features:
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Why Is Tiger Brokers a Favourite for Cost-Conscious Traders?
- Ultra-low fees for trading ASX and global markets.
- Advanced tools for analytics and order execution.
- Access to global markets, including the US and Asia.
Tiger Brokers shines for its cost-effective trading options, offering some of the lowest fees in the market. Its global coverage allows Australians to access diverse opportunities in US and Asian stocks. For traders who value powerful tools like heatmaps and advanced analytics, Tiger Brokers is an affordable gateway to global markets.
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 - Mobile-First with Powerful Features
Pros & Cons
- Mobile app with advanced features
- Low fees for US and global stocks
- Real-time data and market analysis
- Steeper learning curve for new traders
- Less focus on ASX stocks
-
Moomoo’s Key Features:
-
What Makes Moomoo a Good Option for Australian Traders?
- Mobile-first platform for trading on the go.
- Advanced trading tools like heatmaps and Level 2 data.
- Low fees for global stocks.
Moomoo stands out for its mobile-first design, catering to Australians who want to trade on the go. Its suite of advanced tools, including heatmaps and Level 2 market data, provides professional-grade insights. Low trading fees combined with intuitive functionality make it an appealing option for active traders.
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 - Affordable ASX Access for Beginners
Pros & Cons
- Focused on Australian stocks
- Easy to use for beginners
- Transparent, affordable fees
- Limited international market access
- Few advanced trading features
-
Superhero’s Key Features:
-
Why Is Superhero a Top Choice for Trading ASX Stocks?
- Simplified trading experience for ASX stocks.
- Low fees, including no monthly account charges.
- Integration with tax-friendly reporting systems.
Superhero offers a streamlined experience for Australians focused on ASX-listed stocks. Its low fees and integration with tax reporting tools make it especially appealing for cost-conscious beginners. With a clean and simple interface, Superhero makes trading accessible without unnecessary complexity.
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 Can You Pick the Right Stock Broker in Australia?
Choosing the right stock broker in Australia depends on your trading goals, budget, and experience level. Beginners may prioritise simplicity, while advanced traders might seek detailed tools and market access. Always ensure the broker is ASIC-regulated, offers transparent fees, and aligns with your trading strategy. Below are key factors to consider:
What Factors Should You Consider Before Choosing a Broker?
Start by assessing:
- Fees: Are there hidden costs like inactivity or withdrawal fees?
- Market Access: Does the broker offer ASX and global stocks?
- Platform Usability: Is it user-friendly and mobile-compatible?
When I began investing, I overlooked withdrawal fees on one platform, and it quickly added up. Since then, I prioritise transparent pricing and ease of use to avoid surprises.
What Are the Best Stock Trading Strategies for Australians?
The best strategies depend on your goals, risk tolerance, and experience. Australians often favour dividend investing, ETFs, and portfolio diversification. These approaches balance stability and growth potential, particularly in a volatile market. Below are strategies worth considering:
Why Are ETFs a Popular Investment Option in Australia?
Exchange-Traded Funds (ETFs) provide diversified exposure to a variety of stocks in one trade. Popular in Australia for their low fees and simplicity, ETFs track indices like the ASX 200 or international markets.
I started with ETFs to spread risk while building a base portfolio. Over time, they offered consistent returns without the need for constant stock-picking.
How Can You Build a Diversified Portfolio Across ASX and Global Markets?
A diversified portfolio includes ASX blue-chip stocks, global equities, and ETFs. Key steps:
- Allocate funds to sectors like finance, healthcare, and tech.
- Use brokers with multi-market access like eToro or Tiger Brokers.
- Monitor performance regularly to maintain balance.
Diversifying my portfolio helped me minimise losses when certain sectors underperformed. Spreading investments across markets truly cushions against volatility.
What Role Do Dividend Stocks Play in Wealth Building?
Dividend-paying stocks provide regular passive income, which is reinvested to grow wealth. Australian investors benefit from franking credits, reducing tax liabilities on dividends.
I’ve found ASX-listed companies like banks and utility providers to be reliable dividend payers. Incorporating dividend stocks has given me steady returns, even in bearish markets.
Popular Australian Trading Strategies Comparison
| Strategy | Best For | Benefits | Risks |
|---|---|---|---|
| ETFs | Beginners | Diversified, low fees | Market volatility |
| Dividend Stocks | Long-term investors | Passive income, franking credits | May underperform growth stocks |
| ASX + Global Portfolio | Diversification | Reduced risk, global exposure | Higher management costs |
How Can You Start Trading Stocks in Australia?
Starting your trading journey requires the right broker, basic knowledge, and a clear plan. Select a platform that aligns with your experience and budget. Begin with demo accounts to practise before risking real money. Below are practical steps:
What Are the Steps to Open a Trading Account?
Opening a trading account in Australia is a straightforward process, but paying attention to details can save you time and frustration. Here’s a breakdown of the key steps:
Research brokers:
Compare ASIC-regulated brokers like eToro, CMC Invest, or Sharesies to find the one that best suits your needs. Consider factors such as trading fees, platform usability, market access, and customer support. Beginners may prefer brokers with intuitive interfaces, while experienced traders might look for advanced tools like Webull or Tiger Brokers.
Complete registration:
After selecting a broker, you’ll need to create an account. This involves providing personal details such as your full name, email address, and phone number. Brokers require ID and address verification to comply with Australian regulations. Ensure your details match your ID documents exactly to avoid delays.
- Accepted IDs often include a driver’s licence, passport, or government-issued ID.
- Proof of address might require a utility bill or bank statement.
Many platforms make this step seamless by offering digital uploads, so you can complete the process within minutes.
Fund your account:
Once your account is approved, deposit funds to start trading. Most Australian brokers allow deposits in AUD, while global brokers like eToro and Tiger Brokers may also support multi-currency wallets.
- Common deposit methods: Bank transfer, debit/credit card, or PayPal.
- Check for fees or minimum deposit requirements specific to your broker.
If you plan to trade global stocks, it’s worth considering brokers that minimise currency conversion fees, as these can add up.
How Can You Use Demo Accounts to Practise?
Demo accounts simulate trading with virtual funds, helping you learn:
- How to execute trades without financial risk.
- Platform navigation and order placements.
- Market trends and strategy testing.
I used a demo account on eToro to try copy trading, and it gave me confidence before committing real funds. It’s a no-risk way to sharpen your skills.
What Should You Know About Trading ASX Stocks vs. Global Stocks?
ASX stocks focus on local industries like mining, banking, and retail, offering franking credits. Global stocks provide exposure to tech giants like Apple or Tesla, which dominate international markets.
I balance both to hedge risks and seize opportunities. While ASX stocks offer stability, global shares open doors to higher growth potential.
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FAQs
What Is the Best Stock Broker in Australia?
The best broker depends on your needs. eToro is great for global markets, while Superhero suits ASX-focused investors.
How Do I Choose an Online Broker in Australia?
Look for ASIC regulation, low fees, and platforms with user-friendly interfaces. Consider demo accounts for testing features before committing.
How Much Are Brokerage Fees in Australia?
Fees vary but can include commissions, spreads, and currency conversion. Brokers like Sharesies offer low-cost options for new investors.
Do I Need a Broker to Buy Shares in Australia?
Yes, a broker provides access to the ASX or global markets. Choose one that suits your budget and trading style.
Which Stock Brokers Are ASIC-Regulated in Australia?
Examples include eToro, CMC Invest, and Superhero, all of which comply with Australian financial regulations.
