How to Find the Best Online Share Brokers in Australia

Best Online Share Brokers whether you’re new to share trading or a seasoned investor, finding the best online broker for your needs is essential. You need to pick one that’s safe, regulated and provides you with the tools you need. There are four things you should check for when choosing a broker: spreads, range of markets, platform features and user experience.

Spreads: A good share trading platform should have competitive spreads and a range of different assets to trade. They should also have low minimum deposit amounts and reasonable monthly fees to help you manage your risk.

Commissions and fees: You need to find out what your trade commissions and brokerage fees will be before you open an account. These will vary by trade amount, security type, quantity and exchange. It’s important to ensure you understand how these fees affect your portfolio size and trading frequency.

Customer support: You need to know how fast you can get assistance when you need it. Ideally, you want a broker with 24/7 support via telephone or live chat. It should also have a variety of ways to contact it, such as email and WhatsApp.

Education: Whether you’re a beginner or an experienced trader, it’s vital that you have access to the right educational materials. Look for a broker that offers webinars, podcasts, demo accounts and other resources.

Safety: You need to make sure the online broker you choose is regulated by ASIC, which will provide you with the necessary protection. You should also check that it has been trading for a number of years and has survived economic downturns.

Ease of use: You need to be able to navigate the website quickly and easily. Charts should be legible and easy to read, and a few customisation options should be available.

Best Online Share Brokers

Assets: You should be able to trade Australian and international stocks, forex, cryptocurrencies and more. Depending on the broker, you may also be able to trade ETFs, CFDs, options and futures.

Mobile app: You should be able to use your smartphone or tablet to trade. The best online brokers offer apps that let you make trading and investment decisions on the go.

In-app support: You should have the option to speak to a support team member through a dedicated mobile app. It should offer support through phone, email and live chat, as well as have a FAQ section.

Cost: You should be able to easily compare the fees charged by each online broker. You should be able to see the average costs for each instrument and determine how much you can save by selecting a lower-cost option.

Other features: You should be able to customize your trading preferences and view account statements in real-time. You should have the ability to create alerts and notifications for certain trades.

eToro is one of the best brokers for online trading in Australia. Its trading platform is packed with the latest financial news and technical charts. It has the right tools for both beginner and professional investors, and its customer service is excellent.