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BEST STOCK BROKERS IN AUSTRALIA

Looking to invest confidently on the ASX? This ranking highlights the top platforms for trading stocks in Australia, chosen through a careful evaluation of security, ease of use, cost efficiency, and customer support. Specific attention was given to liquidity in the local ASX market and the availability of blue-chip as well as mid-cap shares. For Australians seeking straightforward access to stock investing, this ranking provides a practical guide that balances local relevance with international standards.

2025-10-30

A good choice

Ranking Methodology

To compile the ranking, we rely on a professional criterion that follows these steps:

We test the platforms based on several basic parameters (see list).
We test the platforms based on ranking-specific parameters.
We ensure the results are accurate (consistency and absence of outliers).
We verify on social media and forums that our parameters are socially sound and that no relevant negative reviews exist.
We present and publish the ranking.

Basic Testing Parameters for Apps Included in the Ranking

They allow accounts to be opened by local clients, meaning we exclude platforms not available in certain countries.
Regulatory compliance and security.
Transparency, reputation, and data protection.
Total costs (commissions, spreads, non-trading fees, deposits/withdrawals).
User experience (UX/UI), stability, and performance (uptime, latency).
Platform and tools (charts, alerts, backtesting, mobile, desktop, API).
Execution and liquidity (order quality, slippage, depth).
Customer support (languages, coverage, response times).
Education and resources (guides, research, demos, simulators).

Specific Parameters for the Equities Ranking

Access to domestic and international markets (NYSE, Nasdaq, LSE, etc.).
Fundamental and corporate data (dividends, splits, events).
Fractional shares and extended-hours trading (pre/after-market).
Routing and order execution quality (PFOF, smart routing).
Stock lending/short selling (availability, rates, location).
Advanced order types (OCO, bracket, stop-limit with triggers).
Custody fees, currency conversion, and position transfer.
Margin and financing rates (levels, requirements, calls).

Our ranking

DISCOVER THE TOP OPTIONS

Ranking

# 1

eToro

eToro tops this ranking for stock trading in Australia, standing out for its unique blend of zero-commission investing, social trading, and broad market access. Beyond global equities, eToro also offers access to a wide range of ASX-listed Australian stocks, allowing investors to build balanced portfolios combining local and international exposure.With over 40 million users worldwide, eToro enables investors to buy and sell more than 6,000 real shares from leading exchanges such as NASDAQ, NYSE, and LSE—all through an intuitive and reliable platform. Its signature CopyTrader feature lets users automatically mirror the portfolios of top-performing traders, while Smart Portfolios provide curated, theme-based investment bundles designed for simple diversification.Regulated by the Australian Securities and Investments Commission (ASIC), eToro ensures full transparency, investor protection, and trustworthy oversight. With fractional investing, real-time data, and no commission on real stock purchases, it remains the top choice for Australians seeking a modern, social, and low-cost way to invest in both domestic and global shares.

Need more information? Read the full review

# 2

FxPro

FxPro is a global broker headquartered in Cyprus with offices in the United Kingdom, the Bahamas, and South Africa. Regulated by CySEC, FCA, and other authorities, it operates under a No Dealing Desk model with access to forex, stocks, indices, commodities, and crypto CFDs. With spreads starting at 0.3 pips and advanced platforms like cTrader, MT4, and MT5, FxPro is ideal for experienced traders seeking direct execution and powerful tools.

GIVE IT A GO

Need more information? Read the full review

# 3

XM is a global broker with over 10 million users, regulated in Australia, Cyprus, Belize, and the UAE, with an active presence in more than 190 countries. It offers more than 1,000 instruments including forex, stocks, indices, commodities, and crypto CFDs. Its low initial deposit, robust educational platform, and compatibility with MT4/MT5 make it ideal for beginner traders as well as more advanced operators.

GIVE IT A GO

Need more information? Read the full review

Not sure?

How to open an Investment Account

Opening an investment account in Australia is a straightforward process once you’ve chosen a provider. The steps are the same whether you’re investing in stocks, ETFs, bonds, futures, commodities, crypto or real estate.

Go to the provider’s website: Click “Open account” or “Get started”.
Enter your details: Name, email, phone, country. You’ll need a passport or driver’s licence, plus proof of address such as an AGL Energy electricity bill or a bank statement issued in the last 3 months.
Wait for approval: Some accounts are activated instantly, others may take a few days.
Set account preferences: Configure your trading or investment parameters once verified.
Fund your account: Deposit via card, bank transfer, or POLi/PayID.

And you’re ready to invest.