Choosing the right share trading platform in Australia can make a significant difference in your investment journey. With so many options available—each offering unique features, fee structures, and user experiences—it's easy to feel overwhelmed. Whether you're a beginner looking for simplicity or an experienced trader seeking advanced tools, this guide breaks down the 14 best share trading platforms in Australia for 2025, helping you make an informed decision based on your goals, risk tolerance, and trading style.
We’ve evaluated each platform on key factors like fees, ease of use, market access, customer support, research tools, and CHESS sponsorship. Our goal is to help you cut through the noise and find a platform that aligns with your financial strategy.
1. eToro – Best Overall Share Trading Platform
eToro stands out as the top choice for investors who value social trading, user-friendliness, and diversified asset access. Regulated by ASIC, eToro offers a seamless experience for both beginners and intermediate traders.
Why eToro Excels
- Intuitive interface: The proprietary WebTrader platform is easy to navigate, making it ideal for new investors.
- CopyTrading feature: Follow and automatically copy successful traders, saving time and reducing emotional decision-making.
- Smart Portfolios: Professionally curated baskets of stocks or ETFs focused on sectors like tech, mining, or ESG.
- Wide asset range: Trade over 3,000 stocks (ASX, US, UK, EU), 250+ ETFs, 101 cryptocurrencies, and global indices.
👉 Discover how copy trading can simplify your investing strategy.
Key Features
- Zero commission on ETFs
- $2 per trade fee on stocks
- 1.5% currency conversion fee (per side) when depositing AUD
- No inactivity fees, but $5 withdrawal fee after 12 months of inactivity
While eToro’s currency conversion markup increases costs slightly, the fee drops as your portfolio grows—dropping to zero at $250,000 USD in assets.
Ideal For:
Time-poor investors who want to leverage social investing without mastering technical analysis.
✔ Copy trading & social features
✔ Zero ETF fees
✔ CHESS-sponsored ASX shares
✘ High FX fees for small portfolios
✘ Limited advanced charting tools
2. Interactive Brokers – Most Comprehensive Trading Platform
Interactive Brokers (IBKR) is the go-to platform for serious and active traders who demand low fees, deep market access, and professional-grade tools.
Why It Stands Out
- Eight trading platforms including TWS (Trader Workstation), IBKR Desktop, and GlobalTrader—catering to all skill levels.
- Access to 150+ markets: Stocks, options, futures, forex, bonds, ETFs, and crypto across Australia, the US, Europe, and Asia.
- Fractional shares available for US, Canadian, and European equities.
- Ultra-low brokerage fees: As low as AU$8.80 per trade for $10,000 worth of shares.
Research & Analytics
IBKR provides powerful research tools:
- Morningstar ratings
- Company financials and ownership data
- Analyst forecasts
- ESG and Economic Moat scores
👉 Maximize your portfolio with advanced market analytics tools.
Fee Structure
IBKR uses a tiered pricing model where costs decrease with higher trading volume. For example:
- Monthly volume under $3M: ~0.088%
- Over $3M: Drops to ~0.055%
There are no inactivity fees—a major plus for long-term investors.
Ideal For:
Active traders, buy-and-hold investors, and those wanting exposure to global markets with minimal fees.
✔ Huge range of tradable assets
✔ Lowest commissions at scale
✔ Professional research tools
✘ Complex fee structure
✘ Steep learning curve for beginners
3. Webull Australia – Best Low-Cost Platform
Webull delivers ultra-low fees, CHESS sponsorship, and a clean user interface—making it one of the best value-for-money platforms in 2025.
Key Advantages
- Zero brokerage on first 20 trades
- $4.9 minimum per trade (or 0.03% of trade value)
- No currency conversion fees
- CHESS-sponsored HIN for direct share ownership
You can trade ASX, US, Hong Kong, and Chinese A-shares—all from one account.
Bonus Incentives
- Earn up to 4.8% interest on idle USD balances
- Receive $50–$200 in trading vouchers when transferring existing holdings
Limitations
- No copy trading or social features
- Limited educational resources
- No leveraged trading or CFDs
Despite these gaps, Webull excels for cost-conscious investors building diversified portfolios.
Ideal For:
Beginners and intermediates focused on low-cost ASX and US stock investing.
✔ Free first 20 trades
✔ CHESS sponsorship
✔ Competitive international access
✘ No social trading
✘ Basic research tools
4. Selfwealth – Great for Passive Investors
Selfwealth is a favorite among long-term investors thanks to its transparent flat-rate pricing and CHESS-sponsored accounts.
Pricing & Simplicity
- Flat fee of $9.50 per trade (buy and sell)
- 0.6% FX fee on US stock purchases
- No account maintenance or inactivity fees
The predictable cost model makes budgeting easy—especially for regular investors contributing monthly.
Tools & Interface
The desktop platform offers solid fundamentals:
- Real-time portfolio tracking
- Company financials and ratio analysis
- News integration and event calendars
Mobile app is functional but best used for monitoring rather than deep analysis.
Premium Features
Optional $29/month "Premium" tier includes:
- Portfolio benchmarking
- Advanced screeners
- Enhanced reporting
Only worth it for larger portfolios ($50K+).
Ideal For:
Defensive investors focused on Australian and US equities with a buy-and-hold mindset.
✔ Transparent flat fees
✔ CHESS sponsorship
✔ Strong desktop experience
✘ Limited asset classes
✘ Basic mobile research tools
5. Tiger Brokers – Competitive Low-Fee Option
Tiger Brokers offers aggressive pricing and growing functionality—but recent regulatory issues raise concerns.
Fees & Access
- $2.99 per ASX trade (or 0.03%, whichever is higher)
- US$1.99 per US trade (plus per-share fees)
- Access to ASX, US, and HK markets + US options
Fractional shares available; CHESS sponsorship now supported.
Regulatory Concerns
In 2023, Tiger Brokers paid NZD $900K in fines for AML breaches and had its New Zealand license revoked. While not directly affecting Australian operations, it’s a red flag for risk-averse investors.
Ideal For:
Cost-focused investors comfortable with slightly higher regulatory risk.
✔ Low ASX fees
✔ NASDAQ-listed company (transparency)
✘ Past compliance issues
✘ No crypto trading
6. Superhero – Best for ASX Beginners
Superhero shines with simplicity and low costs—perfect for new investors entering the ASX.
Key Features
- $2 per ASX trade
- Zero fees on ETF buys
- No inactivity or monthly fees
- Fractional US stock investing
However, its FX fee is misleadingly high—effectively around 1% due to margin adjustments on USD conversions.
Ideal For:
First-time investors focusing on Australian shares and ETFs.
✔ Extremely beginner-friendly
✔ No hidden monthly charges
✘ Poor FX rates
✘ Limited international access
Other Notable Platforms
| Platform | Best For | Key Drawback |
|---|---|---|
| Pearler | Automated passive investing | Only ASX-listed assets |
| Stake | US stock access | $14/month research fee |
| nabtrade | NAB customers wanting integration | Outdated interface |
| IG / IC Markets | CFD & forex traders | Not ideal for long-term holders |
| Bell Direct / HSBC / Macquarie | Bank-affiliated investors | High fees, limited scope |
Frequently Asked Questions (FAQ)
What are the lowest-fee trading platforms in Australia?
Webull, Selfwealth, and Superhero offer some of the lowest brokerage rates. Webull leads with zero fees on first 20 trades and no FX markup.
Is CHESS sponsorship important?
Yes. It gives you direct ownership of shares via a unique HIN (Holder Identification Number), offering greater protection if your broker fails.
Which platform is best for beginners?
eToro and Superhero are top choices due to intuitive design, low entry barriers, and strong support systems.
Do any platforms offer copy trading?
Only eToro provides robust, automated copy trading. Others may have community features but lack real-time replication.
Are online trading platforms safe in Australia?
Yes—ASIC-regulated platforms like eToro, Interactive Brokers, and Webull are secure. Always verify AFSL registration before signing up.
How do brokers make money if they charge zero commissions?
They earn via:
- Currency conversion markups
- Payment for order flow
- Premium subscriptions
- Interest on idle cash balances
Final Thoughts: Choosing Your Ideal Platform
The best share trading platform depends on your priorities:
- Beginners: Start with eToro or Superhero
- Low-cost traders: Choose Webull or Selfwealth
- Global investors: Go with Interactive Brokers
- Passive builders: Try Pearler or Stake
👉 See which platform aligns best with your investment goals today.
No single platform is perfect—but by matching features to your needs, you can build wealth efficiently and confidently in 2025 and beyond.