If you are looking for the best stock trading app Australia, there are many providers to choose from. In most cases, you can buy or sell stocks on the go, or check the value of your portfolio with the click of a button.
However, Australia’s stock market apps are supported by online brokerage firms, so you need to consider commissions, fees, charges and of course safety metrics. For the latter, the selected application must be licensed from a trusted institution such as ASIC, CySEC, or FCA. This guide takes you through the best stock trading apps in Australia today. In addition to explaining the top vendors to consider, we also explain the process for getting started with the Australian Stock Trading app.
With so many stock trading apps currently serving the Australian market, it took us a while to compile multiple listings. For example, we looked at how much the best stock trading app in Australia costs, what payment methods are supported in Australian dollars, and whether the money is safe.
Best Stock Trading App Australia
With all of these (and some) indicators in mind, here are some of the best stock investing apps in Australia:
Eightcap is an exciting new stock app that will soon become popular with traders. As a starting point, it is compatible with both MT4 and MT5, making it ideal if you want to take advantage of the many advanced trading tools available on these platforms.
This app is a good and popular option if you are planning to invest in US and Australian stocks and covers a wide range of these markets. This means you can invest in a wide variety of top companies, from Amazon and Apple in the US to Rio Tinto and the BHP Group in Australia.
One of the best features of stock trading on Eightcap is the incredibly low spread starting at 0 pips if you choose a RAW account. The commission for this account is very low at £ 3.5. Alternatively, you can use a standard zero commission account with spreads from 1 pip.
Capital.com is another Australian stock trading platform worth exploring. It is considered one of the CFD brokers as it offers over 3000 stock trades from the UK, USA and Europe. You can also trade dozens of ETFs, commodities, currencies and more. This broker is very attractive to all types of exchange traders as all transactions on Capital.com are completely free. Stock CFD brokerage commission spreads are among the lowest in Australia. On the other hand, if you do not know how to buy stocks in Australia, you need to know that you can trade all stocks with up to 5: 1 leverage and you will not incur inactive commissions even if you interrupt trading a little.
Capital.com has its own dedicated web and mobile trading platform. It is very easy to use and contains dozens of technical studies to help you identify trading opportunities. What’s more, the platform is integrated with TradingView, so you can easily create your own studies and switch between several advanced chart types.
AvaTrade is another popular Australian lot trading app. Firstly, this broker is a CFD-only trading platform. This means you cannot buy the full package, but there are many other benefits. For example, you can trade stocks with up to 10: 1 leverage, sell or buy stocks. AvaTrade offers two different trading platforms that you can use, including its own mobile app and web trading software. The app has dozens of technical reviews and metrics, plus watchlists, news feeds, price alerts, and more. I also love the AvaTrade app, which makes it easy to start trading with simple on / off sliders and presets.
Another advantage of this stock app is that it offers social trading through the Ava Social app. Unfortunately, this is separate from the main AvaTrade application and can be a little annoying. However, the quality and the wide range of traders who can be copied allow this. You can also start a one-on-one conversation with an experienced trader.
IG – Best Stock Trading App Australia
IG is a large brokerage firm in the UK, but it is also very popular with Australians. This is evident from the fact that IG has a full ASIC license. This ensures that Australian traders can invest safely and securely. This particular stock trading app stands out for the sheer number of markets on offer. In fact, downloading an app compatible with iOS and Android smartphones will give you access to over 17,000 CFDs. It covers thousands of shares on numerous exchanges. It is not only Australian stocks, but many international exchanges in North America, Europe and Asia, IG is one of Australia’s top investment applications for a variety of assets.
Skilling is a recently launched stock trading app provider that is becoming increasingly popular with Australians. The platform provides many asset classes including forex, cryptocurrencies, commodities, and of course, stocks. The Skilling stock trading platform focuses on large US companies. Covers both NASDAQ and NYSE including Apple, Tesla, IBM, Amazon, Facebook, Paypal and more. What we really love about this Australian stock trading app is that it offers three different platforms. If you want to keep things simple, you can use the basic skills trading app, which is perfect for beginners. However, if you have some experience in this trading space, we recommend that you consider cTrader and MT4.
Originally posted 2021-10-25 23:57:45.