Comparison of Best Stock Trading Platform Australia

Trader Union is the best trading platform in Australia and it is providing the best services to its users. It is responsible for the safety of your trading process and provides you with ease of access to your account. It offers demo as well as real accounts for its users. In addition, it also offers interbank rates so that you can trade in the best possible manner. Traders Union has created a list of the 12 best forex trading platforms. In this article, we’ll compare all these top 12 brokers in Australia.

If you’re looking for a trusted and secure stock trading platform in Australia, there are a number of options to choose from. We’ve compared 12 of the best trading platforms in Australia in this comparison below so you can easily compare them.

Comparison Basis

The below comparison is based on the key features of the 12 best stock trading platform australia. All of these platforms are worth considering when starting a share trading journey, including for beginners and for more advanced traders. The highlights key differences between each platform to help traders find the right platform for their needs.

The following points were considered in making the comparison:

  • Minimum deposit
  • ASIC License
  • ASX Shares
  • US Shares
  • Interactive Brokers Australia

Minimum Deposit: No minimum deposit to start with Interactive Brokers Australia

Regulation in Australia: This is a regulated broker in Australia by AFSL.

ASX Shares: Yes, it holds ASX shares

US Shares: Yes, it holds US shares

eToro

Minimum Deposit: The initial deposit is $200 and afterward $50 minimum deposit

Regulation: It is regulated by AFSL

ASX Shares: No ASX shares

US Shares: Yes, it holds US shares

IG Markets

Minimum Deposit: $250 is the minimum deposit

Regulation: Regulated by AFSL

ASX Shares: Yes, it holds ASX shares

US Shares: Yes, it holds US shares

Tastyworks

Minimum Deposit: No deposit required.

Regulation: Regulated by AFSL

ASX Shares: No

US Shares: Yes, it holds US shares

ThinkMarkets

Minimum Deposit: $0 for Standard Account and $500 for ThinkZero Account

Regulation: Regulated by AFSL

ASX Shares: Yes

US Shares: Yes, it holds US shares

Stake

Minimum Deposit: Only $50 is required 

Regulation: Regulated by AFSL in Australia

ASX Shares: Yes

US Shares: Yes, it holds US shares

TradeStation

Minimum Deposit: You need a minimum of $1000

Regulation: Unfortunately it is not a regulated broker. But you can trust it.

ASX Shares: No

US Shares: Yes

CMC Markets

Minimum Deposit: No deposit is required

Regulation: Regulated by AFSL in Australia

ASX Shares: Yes

US Shares: Yes

IC Markets

The ic-markets is the best choice for beginners in forex market.

Minimum Deposit: $200 of the deposit is required

Regulation: This broker is also regulated by AFSL in Australia

ASX Shares: Yes

US Shares: Yes

Saxo Bank

Minimum Deposit: You have to deposit a minimum of $2000

Regulation: Saxo Bank is regulated by AFSL in Australia

ASX Shares: Yes

US Shares: Yes

Swissquote

Minimum Deposit: No need for a deposit

Regulation: Unfortunately it is not a regulated, broker. But it is a trusted broker.

ASX Shares: Yes

US Shares: Yes

Questrade

Minimum Deposit: $1000 of the deposit is required

Regulation: Unfortunately it is also not a regulated broker. But it is a trusted broker.

ASX Shares: Yes

US Shares: Yes

Final Words

The best way to choose the right share trading platform for you is to fully understand your personal circumstances and needs, and see which of these platforms can offer what you want. There is no one share trading platform that is the best for everyone, and each trader will have their own criteria that they value in a platform.

There are some key differences that set each platform apart, however, and we hope this comparison table has helped you to determine what matters most to you in a trading platform. Ultimately, there are great products in every category to suit all needs.

If you’re looking to start a share trading journey, you need to determine which share trading platform is right for you. We hope the information above will be useful as you compare platforms and make your decision.

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