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Main » Online Brokers Australia: The Best Online Brokers in 2024
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The Best Online Brokers in Australia

Last Updated on 27/03/2024
Fact checked by: Kane Gregan

Welcome to the online broker reviews here at Wetten.com Australia, where our experts will deliver the fairest and most extensive reviews of the top online brokers in Australia today.

From reviewing the best online brokers for beginners to those better suited to expert and high volume traders, we’re confident that our online broker comparison can help you in some way. So whether you’re looking to trade stocks, cryptocurrencies, options or something more niche, you can rest assured you’re in the right place.

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The Best Online Brokers in AU

Stocks
CFD
ETF
Forex
Futures
eToro
Recommended
Favicon
4.6/5
  • Selection of different exchanges
  • Wide variety of industries
  • Low trading fees
Account Fee
$0.00
Order Fee National
0.00%
Order Fee International
0.00%
Deposit Protection
$20,000.00
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
Apps
License
MSB - Money Services Business (USA)
Show less
Eightcap
Hot Offer
Favicon
4.6/5
  • Over 250 stock CFDs can be traded on-site
  • Leverage can be used on stock CFDs
  • Fast stock CFD trade execution
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
POLi
+
License
ASIC - Australian Securities and Investments Commission
Show less
Kraken
Hot Offer
Favicon
4.5/5
  • Top-notch security
  • Hack-free history
  • Reliable brokerage
Account Fee
Order Fee National
Order Fee International
Deposit Protection
Visit Provider
T&Cs apply, 18+
Payment Methods
Bank Transfer
License
CNMV - Comisión Nacional del Mercado de Valores
Show less
Avatrade
4.
Favicon
4.5/5
  • 5:1 leverage on a number of markets
  • Effective stock trading tools
  • Wide selection of popular stocks
Account Fee
0.00€
Order Fee National
0.13%
Order Fee International
0.13%
Deposit Protection
50,000.00€
Visit Provider
T&Cs apply, 18+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CBI - Central Bank of Ireland
Show More
Admiral Markets
5.
Favicon
4.5/5
  • Commission from 0.02 USD
  • No leverage or additional risks
  • Possibility to earn dividends
Account Fee
0.00€
Order Fee National
0.20%
Order Fee International
0.30%
Deposit Protection
20,000.00€
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
License
CySEC - Cyprus Securities and Exchange Commission
Show More
Go to Stocks Comparison
Vantage FX
Recommended
Favicon
4.6/5
  • Covers plethora of trading instruments
  • Over 300+ markets
  • Spreads on par with industry standards
Minimum Deposit
$200.00
Deposit Protection
Trading Costs
Mini Contracts
Yes
Visit Provider
T&Cs apply, 18+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CIMA - Cayman Islands Monetary Authority
Show less
Admiral Markets
Hot Offer
Favicon
4.5/5
  • Great selection of CFD tradable global markets
  • Risk-free demo account
  • CFD spreads and fees are easily accessed
Minimum Deposit
200.00€
Deposit Protection
20,000.00€
Trading Costs
from 2.00€ + 0.20%
Mini Contracts
Yes
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
License
CySEC - Cyprus Securities and Exchange Commission
Show less
eToro
Hot Offer
Favicon
4.5/5
  • Big selection of assets
  • Reliable Australian provider
  • Good leverage
Minimum Deposit
$200.00
Deposit Protection
$20,000.00
Trading Costs
Mini Contracts
Yes
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
Apps
License
MSB - Money Services Business (USA)
Show less
ThinkMarkets
4.
Favicon
4.5/5
  • CFD leverage can maximise both returns and losses
  • Tight spreads for CFDs trading
  • No commission trading
Minimum Deposit
0.00€
Deposit Protection
£50,000.00
Trading Costs
from 0.05%
Mini Contracts
Yes
Visit Provider
T&Cs apply, 18+
License
FCA - Financial Conduct Authority
Show More
Fusion Markets
5.
Favicon
4.5/5
  • Levegage available
  • Low commission
  • Lots of markets to trade
Minimum Deposit
Deposit Protection
Trading Costs
Mini Contracts
No
Visit Provider
T&Cs apply, 18+
License
ASIC - Australian Securities and Investments Commission
Show More
Go to CFD Comparison
eToro
Recommended
Favicon
4.6/5
  • Variety of asset sectors
  • High-functioning trading platform
  • Low-to-no transaction costs
Minimum Deposit
$100.00
Order Fee National
Licence
MSB - Money Services Business (USA)
Saving Plans Available
No
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
Apps
License
MSB - Money Services Business (USA)
Show less
Avatrade
Hot Offer
Favicon
4.5/5
  • Large variety of instruments
  • Top customer care
  • Leverage up to 20:1
Minimum Deposit
250.00€
Order Fee National
0.13%
Licence
CBI - Central Bank of Ireland
Saving Plans Available
No
Visit Provider
T&Cs apply, 18+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CBI - Central Bank of Ireland
Show less
IG
Hot Offer
Favicon
4.5/5
  • 2000+ global ETFs
  • Access to world-leading ETF providers
  • Buy and sell ETFs with as little as £3 commission
Minimum Deposit
Order Fee National
0.50%
Licence
ASIC - Australian Securities and Investments Commission
Saving Plans Available
No
Visit Provider
License
ASIC - Australian Securities and Investments Commission
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.
Show less
Interactive Brokers
4.
Favicon
  • Commission-free ETFs
  • Over 150 ETFs to trade
  • No transaction fees
Minimum Deposit
$0.00
Order Fee National
1.00€ + 0.05%
Licence
SEC - U.S. Securities and Exchange Commission
Saving Plans Available
Yes
Payment Methods
Bank Transfer
Visa
Mastercard
License
SEC - U.S. Securities and Exchange Commission
The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
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Suncorp
5.
Favicon
  • Wide variety of ETFs
  • Brokerage from $17.95 per trade
  • Get started with a free account
Minimum Deposit
Order Fee National
Licence
ASIC - Australian Securities and Investments Commission
Saving Plans Available
No
T&Cs apply, 18+
License
ASIC - Australian Securities and Investments Commission
Show More
Go to ETF Comparison
xm.com
Recommended
Favicon
4.6/5
  • No hidden fees or charges
  • Over 50 currency pairings
  • Low spreads available to all users
Minimum Deposit
5.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:888
Trading Platforms
Android
iOS
MT4
MT5
Web
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
License
CySEC - Cyprus Securities and Exchange Commission
Show less
Kraken
Hot Offer
Favicon
4.5/5
  • In-depth learning resources
  • Competitive trading fees
  • Various fiat options
Minimum Deposit
10.00€
Deposit Protection
20,000.00€
Maximum Leverage
Trading Platforms
Android
iOS
Web
Visit Provider
T&Cs apply, 18+
Payment Methods
Bank Transfer
License
CNMV - Comisión Nacional del Mercado de Valores
Show less
Admiral Markets
Hot Offer
Favicon
4.5/5
  • Trade FX on the go via the Admiral Markets app
  • Access to forex majors, minors, and exotic markets
  • Great charting tools and indicators
Minimum Deposit
200.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:500
Trading Platforms
Android
iOS
MT4
MT5
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
License
CySEC - Cyprus Securities and Exchange Commission
Show less
FP-Markets
4.
Favicon
4.5/5
  • Over 70 forex pairs available
  • Trading open 24/5
  • Minimal trading fees
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:500
Trading Platforms
Android
iOS
MT4
MT5
Custom
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
PayPal
Bank Transfer
+
Apps
License
ASIC - Australian Securities and Investments Commission
Show More
eToro
5.
Favicon
4.5/5
  • Big choice of forex pairs
  • User-friendly trading platform
  • Low fees for forex trading
Minimum Deposit
$200.00
Deposit Protection
$20,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Custom
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
Apps
License
MSB - Money Services Business (USA)
Show More
Go to Forex Comparison
eToro
Recommended
Favicon
4.6/5
  • Ideal for experienced traders
  • Access to a wide range of futures
  • Useful trading tools at your disposal
Minimum Deposit
$100.00
Contract Fee
1.00€
Deposit Protection
$20,000.00
Demo Account Available
Yes
Visit Provider
T&Cs apply, 18+
Payment Methods
Neteller
Skrill
Bank Transfer
+
Apps
License
MSB - Money Services Business (USA)
Show less
Avatrade
Hot Offer
Favicon
4.5/5
  • Monitor trades easily
  • Mobile trading available
  • Decent leverage
Minimum Deposit
250.00€
Contract Fee
0.00€
Deposit Protection
50,000.00€
Demo Account Available
Yes
Visit Provider
T&Cs apply, 18+
Payment Methods
Bank Transfer
Visa
Mastercard
License
CBI - Central Bank of Ireland
Show less
ASX
Hot Offer
Favicon
  • Trade ASX SPI 200™ Futures
  • Enjoy day and night trading
  • Immediate execution
Minimum Deposit
Contract Fee
Deposit Protection
Demo Account Available
No
T&Cs apply, 18+
License
ASIC - Australian Securities and Investments Commission
Show less
Go to Futures Comparison

Best online Broker Platform of the Month

As part of our review of online brokers in Australia, we name a platform of the month every single week. This way, you can be sure that our recommendations are always up to date and of the minute. You can find our current top 5 online brokers for this month listed below. We assess and rate our chosen brokerages every month based on a variety of aspects and characteristics, which we’ve explained more about below.

How Do We Select the Best Online Broker Service Every Month?

From brand new brokerages that have made a big impression when bursting onto the scene, to veteran services that have recently upped their game – our named list of the best online brokers come in a variety of shapes and sizes.  We like to shake things up and make every month a little different, which is why we’re always on the lookout for a brokerage that excels in one certain area or has perhaps released a bumper offer to welcome new customers. The list changes every month, but one thing remains consistent – our named online broking service every month will always be the best in one area or another.

Comparing The Best Online Brokers Australia Has to Offer

You can use our reviews here at Wetten.com to compare all of the top online brokers Australia has available in 2024. While the above list shows our top 3 for this month, below is our top 5 for 2024, which shows the most consistently good brokerage sites, While the list below is also updated, it has a more permanent status than the brokerage of the month as listed above.

Why Use Our Online Broker Australia Comparison?

In a nutshell? Because the range of brokerages that we review is so diverse, we can confidently guarantee that if used correctly you’ll be able to find something that’s right for you here. Whether you’re looking for a CFD broker or a crypto broker review, there’s something for everyone – no matter what trading or budget level you’re at. Since social trading online has become more widely available, you no longer have to be a Wall Street expert to dip your toes into the world of trading. That being said, it’s important to be careful and to choose the right platform – which is why our reviews and guidance are here to help you make the right choice and trade safely.

Online Brokers Australia: Our Trading Tips

If you’re completely new to online trading, you don’t just need to find the best online brokers in Australia where you can trade, you also need to do your homework about the actual trading process itself. Fortunately, the team here at Wetten.com have made that easy for you with our strategy guides and our trading tips – the three most recent of which you can find below. Although not as risky as say, sports betting or casino gambling, trading does involve calculated risks – especially if you’re getting into something as volatile in nature as cryptocurrency trading.

From our guide to buying ETFs in Australia to trading forex online, we’ve got tips and tricks of the trade to help all beginners get started. We’re not just here to help out the newbies though – we also have level-up tips and guides aimed at intermediate traders looking to step up. Additionally, we also have guides available that are “by experts, for experts”. The explosion of online trading has meant that online platforms have now replaced the trading desks of Wall Street. However, unlike Reddit threads or Facebook trading groups, you can guarantee our tips and guides are provided by genuine experts.

Looking to trade crypto? We like these platforms:

Vantage FX
4.6/5
Vantage FX Review
T&Cs apply, 18+
Visit Provider
eToro
4.6/5
eToro Review
T&Cs apply, 18+
Visit Provider
xm.com
4.5/5
xm.com Review
T&Cs apply, 18+
Visit Provider

Online Broker Australia Bonus Comparison

If you’re joining us here at Wetten.com finance having been a loyal user of our sports betting and gambling comparisons, then you’ll very much be accustomed to bonuses. But did you know that some online brokers also offer welcome packages and bonuses to new customers? Although not as commonplace as they are in the world of online gambling, the sheer amount of competition out there means that online stock broker and crypto trading sites are now offering bonuses in order to try and win over new customers. Therefore, we found and reviewed the very best trading bonuses available in Australia today so that you can compare them and find the one that’s right for you.

What Do Bonuses with Online Brokers in Australia Look Like?

If you’re used to gambling bonuses, you might be wondering how they could work with online brokerages. Well, they are quite different, which is a good thing in many respects. Although technically lower in terms of value, you don’t have things such as wagering requirements or minimum odds to worry about with trading and brokerage bonus offers. To get an idea of the bonuses available in 2024, we’ve listed the top 5 currently out there just now below.

Using Online Brokers in Australia – The Best Strategies

We’ve already introduced our best tips for online trading above, and now the times come to introduce our trading strategy guides. Here, our experts have provided you with the best long terms and short terms trading strategies that you can implement in the trading world. As with all areas of the finance site here at Wetten.com, we have a range of strategies laid out for beginner, intermediate and expert traders. Additionally, you’ll find that our strategy guides can help you out with a range of trades – from futures and stocks trading to cryptocurrencies and options, you’re sure to find it all. Our current top 5 strategies for use in the best online brokers Australia can be found below.

Our favourite Futures Brokers:

eToro
4.6/5
eToro Review
T&Cs apply, 18+
Visit Provider
Avatrade
4.5/5
Avatrade Review
T&Cs apply, 18+
Visit Provider

Strategies vs Tips: What’s the Difference

You might be wondering how we differentiate between our strategies and tips – and the answer is pretty simple. Tips are more for short term trades applied to something specific, whereas strategies are, for the most part, broader, and can be implemented long term and/or applied to multiple areas of trading. If you think of it in betting terms, there’s a big difference between a tip for a horse race and a strategy for consistently winning football accumulators.

Online Brokers 2024 – Payment Options Comparison

You may or may not be aware of the impact that the payment method you use to fund your online broker Australia account can have on your overall trading experience, online security and privacy. Funding your account with your bank directly might seem like the most straightforward option, but using an e-wallet or payment service such as PayPal increases your online privacy as they don’t share your bank details with the merchant. Moving away from online privacy and security, some payment methods process transactions quicker than others, which means getting your funds faster when you’re looking to withdraw. Below we’ve provided our top 5 overall payment methods, however, our payment method reviews will also provide you with some options that are advantageous to certain types of trader.

What Payment Methods Are Offered by Online Brokers in Australia?

Almost all online brokers today will offer wire transfer and/or bank card payments, but as we alluded to above you definitely don’t want to be restricted to just this. With crypto trading sites, you’ll naturally need a crypto wallet and payment service. Other sites will accept funding from prepaid cash cards, e-payment services and more. Either way, we want to help you find the best.

Looking to trade stocks? Check out our favourite platforms here:

eToro
4.6/5
eToro Review
T&Cs apply, 18+
Visit Provider
Eightcap
4.6/5
Eightcap Review
T&Cs apply, 18+
Visit Provider
Kraken
4.5/5
Kraken Review
T&Cs apply, 18+
Visit Provider

Online Brokers Australia – The Best Trading Apps

Home trading was the first big boom that the move to online brokerages brought us, but we’ve gotten to the point where it’s almost become old news – now in 2024, it’s all about trading on the move. You no longer need to study for five years at a top rate university and move to Sydney, New York or London to chase your dream as a broker – you can now do it at home, on the computer or while chilling at a beach in Bali thanks to the arrival of the trading app.

When they first came around, they were a bit shaky, as it proved quite hard to replicate complex, high-powered desktop trading platforms for the small screen. Now, however, the best online brokers in Australia are managing to create excellent trading apps that have equalled and even surpassed their desktop counterparts. Some online trading platforms now even have mobile-only services available. All in all, it doesn’t matter if you’re looking for something as modern as a crypto exchange or an options online broker, you’ll be happy and surprised in equal measures with the amount of quality available when it comes to the trading apps available.

Best Online Brokers Australia for Forex Signals

If you’re completely new to the world of trading and haven’t yet heard about forex signals, then the time has come for you to do so. Forex signals are one of the most important tools that you’ll need by your side when it comes to trading. So what are they exactly? Basically, forex signals act as a summary of all of the up to date information that you need in order to conduct your trades. The best online brokers in Australia should provide you with forex signals that are easy to read, even for the novice traders.

Our favourite Forex trade platforms:

xm.com
4.6/5
xm.com Review
T&Cs apply, 18+
Visit Provider
Kraken
4.5/5
Kraken Review
T&Cs apply, 18+
Visit Provider
Admiral Markets
4.5/5
Admiral Markets Review
T&Cs apply, 18+
Visit Provider

What Information Will I Find in Forex Signals?

The main information contained inside forex signals is as follows; the forex pair you’re looking to trade, the opening price, the buy/sell action as well as the profits and the stop/loss targets. If this sounds like word mince to you at the minute, don’t worry, you can find out all there is to know about forex trading here at Wetten.com Australia.

Financial and Trading News

We’re not just here to review and compare online brokers in Australia, we’re also here to help you try and enhance your trading in every single possible way. To help with that,  part of the expert team here at Wetten.com consists of financial journalists with their finger on the pulse with regards to the goings-on in the financial world both here in Australia and in the wider world. From the top stories to the more niche, our aim is to bring you financial news that’s both interesting, but which could also impact and enhance your trades.

News Relating to Online Brokers Australia

While the top financial heavyweight news sites bring you all of the tops stories, our aim is to bring you a unique angle or relevant stories that sometimes might interlink with our trading tips. If you’re serious about diving headfirst into the world of financial trading – however deep you want to get – keeping up with the worldwide financial news is essential – and we’re here to help you out in every way possible. To get you started off, you can find the most recent financial news stories right next to this text right here.

Awards – The Best Online Brokers 2024

As well as bringing you the best online brokers Australia has to offer on a monthly basis and as and when we think a change in the rankings is deserved, we also have an awards system. From the best overall broker 2024 to categorised awards, including best stocks, crypto or forex trader – we have plenty of awards, all of which are designed to assist you in finding the best broker that has what you’re looking for. In addition, you’ll also find bonus awards and trading platform awards, based on the look and usability of the website. It’s not just the brokerages themselves that we give awards to – you’ll also find awards for the best payment methods among other things.

Looking to trade ETF?

eToro
4.6/5
eToro Review
T&Cs apply, 18+
Visit Provider
Avatrade
4.5/5
Avatrade Review
T&Cs apply, 18+
Visit Provider
IG
4.5/5
IG Review
T&Cs apply, 18+
Visit Provider

Online Broker Australia Offers and Bonuses

We touched on this above with our “Bonus Comparison” section, but there are also other special offers available in many of the trading platforms we review. These could come in the form of welcome packages, special trading bonuses or VIP offers that are made available to high volume and experts traders. More common with newer and younger online brokerages that are aimed at the millennial and Gen Z traders, you can still find trading bonuses of some of the older veteran brokerage sites that still have a brick and mortar presence.

The Criteria for Our Online Broker Australia Reviews

Each and every single one of the online brokerages that we review undergoes the same detailed and unbiased test. It doesn’t matter if it’s an old broker with a solid track record and reputation or a young website that’s completely new to the scene – they are all subjected to the same testing process. You can find a list of the criteria our experts use for the online broker comparison below:

Cryptocurrencies

Any modern-day trading site no longer needs to offer crypto trading, as it’s what the vast majority of younger traders are looking to get into – and it can solely be traded online.

Other Trading

We don’t want a platform to offer only cryptocurrencies – we also take a look at other trading options available, such as ETFs, Stocks, Futures, options and more.

Jurisdiction and Limits

Almost goes without saying really, but we want to make sure that the trading sites we’re reviewing are available in the country and territory where you are – we are reviewing the best online brokers Australia has to offer, after all.

Fees

High fees are a no go for almost any trader, so we want to avoid them where possible. If an online brokerage is going to charge you fees – whether that be for trading, withdrawals or something else p we want to ensure the service is good enough to warrant that.

Security, Usability, Look and Feel

The best online brokers in Australia need to look good, feel easy to use and be generally user-intuitive overall – for traders of all experience levels and volumes. Additionally, the site needs to be well encrypted to ensure your funds and information is safe and secure.

Payments

We’re looking for a good range of safe and secure payment methods that offers you, the users, flexibility, and fund security with little-to-no fees.

Customer Service

Helpful customer service that’s available 24/7 is a must in the modern era, particularly as crypto trading can be done around the clock.

License and Security

Firstly, we want to check that the site is licensed from where they operate so we know they’re legit. Secondly, we want to ensure your funds are kept in col (offline) storage to keep them safe from hackers and online theft.

Reputation and Customer Feedback

Ultimately, our broker reviews in Australia exist for you the customer, therefore we don’t only listen to ourselves and other experts, but also the experiences of other traders of all levels.

Our go-to brokers for CFD trading:

Vantage FX
4.6/5
Vantage FX Review
T&Cs apply, 18+
Visit Provider
Admiral Markets
4.5/5
Admiral Markets Review
T&Cs apply, 18+
Visit Provider
eToro
4.5/5
eToro Review
T&Cs apply, 18+
Visit Provider

Cryptocurrencies

Starting off with bitcoin back in 2009, cryptocurrencies have taken off massively, especially amongst younger, retail traders. They are volatile in nature, however, due to the fact that they are decentralised. This was highlighted during the boom of 2017, which culminated in a massive drop, right after bitcoin hit its record high. There are hundreds of cryptos available today, so we’re looking for the brokerages that have the best range of options.

Stocks and Shares

The classic tradable assets. Even if you’re completely new to trading, you’ll most likely have heard of stocks, which essentially buy you a small part of a company. The ASX is the big securities exchange here in Australia, however, the best online brokers in Australia should give you access to global stock markets, including those on Wall Street and the London Stock Exchange.

Forex

Forex trading refers to the Foreigners Exchange Market, which is where foreign currencies are traded against each other as pairs. You buy and sell currencies based on the exchange rates at the time.

CFDs

CFDs are a bit more complex than the above and are perhaps not for novice traders. “Contracts for difference” is what it stands for and basically it means that the buyer will pay the seller the difference in value between the current asset value and the value at contact time.

ETFs

Exchange Traded Funds are just like stocks, in that they are traded on an exchange throughout the trading day. They used to be reserved for the brick and mortar trading desks in Sydney, New York and London, but can now be traded on sites for online brokers Australia.

Wanting to trade ETF?

eToro
4.6/5
eToro Review
T&Cs apply, 18+
Visit Provider
Avatrade
4.5/5
Avatrade Review
T&Cs apply, 18+
Visit Provider
IG
4.5/5
IG Review
T&Cs apply, 18+
Visit Provider

Futures

A futures contract whereby you agree to buy or sell something at a set price sometime in the future. Therefore, if you sell for more than you buy, or buy for less than you sell you make money. Find out more about how these sales work in our futures broker comparison.

Our preferred Futures Brokers:

eToro
4.6/5
eToro Review
T&Cs apply, 18+
Visit Provider
Avatrade
4.5/5
Avatrade Review
T&Cs apply, 18+
Visit Provider

Best Online Brokers Australia Quick Facts

What assets are best for beginner traders?

The common thing for beginner traders to get into in 2024 is cryptocurrencies, however, this isn’t necessarily the best. Although fairly simple to understand, cryptos are volatile – which makes them quite risky. Stable stocks or trading forex pairs that don’t fluctuate too much is a better starting strategy in terms of risk. You might not get rich quick, but you don’t stand to incur horrible losses either.

How can I decide what online broker Australia is best for me?

You need to ask yourself a few questions – what’s your experience level? What types of assets are you looking to trade? Additionally, you’ll want to consider your investment size, trading volume and the time you’re going to dedicate. Different platforms cater to some needs better than others, which is why our comparisons are here to help.

What payment methods are best?

With many online brokers in Australia today, you can still deposit funds via wire bank transfer, however, unless you’re using massive volumes, this is a slow and dated payment method., For the casual trader, we’d recommend e-payment services and e-wallets, such as PayPal, Neteller or Skrill. Such payment methods offer low/ no fees, instant deposits and, unlike using your Visa or Mastercard, you don’t have to share your payment details directly with the trading platform, helping your online security.

What’s the difference between retail traders and professional traders?

If you’re fairly new to trading but have been keeping up with some financial news in 2024 or reading through some of our online brokers Australia reviews, you might’ve seen the terms “retail traders” and “professional traders”. Retail traders as those of you who will be trading at home, using one of the best online brokers in Australia as recommended by us. Professional traders, refers to the Wall Street style traders in suits who make a six or seven-figure living from trading.

Can I sign up to more than one trading platform?

Technically yes you can, however, if you’re a beginner you should, at least at first, find one single brokerage that caters for all your needs. You don’t want to wind up overcomplicating things for yourself as this could increase your risk level and result in you getting in over your head. If you are at the stage of your trading life where multiple trading platforms might be necessary, then we wouldn’t discourage you so long as your decision has been well-rehearsed.

Take a look at different platforms and brokers right now that we trust:

eToro
1.
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4.6/5
Visit Provider
T&Cs apply, 18+
Eightcap
2.
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4.6/5
Visit Provider
T&Cs apply, 18+
Kraken
3.
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4.5/5
Visit Provider
T&Cs apply, 18+
Avatrade
4.
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4.5/5
Visit Provider
T&Cs apply, 18+
Admiral Markets
5.
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4.5/5
Visit Provider
T&Cs apply, 18+

Online Brokers Australia FAQ

🇦🇺 How do you trade stocks in Australia?

Trading stocks in Australia is largely the same as it is anywhere else in the world. That being said, as is always the case, there are some rules and regulations to look out for. You can check out the “How to” Guide for brokerage trading in Australia here at Wetten.com.

📈 Which stocks trading site is best for beginners?

There are multiple sites out there now that cater specifically for beginner traders in Australia and across the world today. You can find our best online brokers for beginners guide to trading which should help you find the best sites. Our team of dedicated financial experts always keep our guides, reviews and comparisons up to date for 2021 so you’ll never miss a beat with us.

🔒 Are online stock brokers safe?

Some are, some aren’t – but what’s the general view of online stock and trading sites here in Australia? The best way to answer this question is to find out what the experts think, by going right here to the online Australian stocks reviews. Here the experts have checked out the best licenses, storage and security processes of all the sites available today.

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What are you really gambling with? For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au 18+

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