The best trading platforms in Australia for beginners

Before you start

Are you new to investing and looking for a share trading platform?

You're not alone. More than 1 in 3 Australians (38%) have bought shares, according to Finder data, and 17% want to invest more in 2025.^{1, 2}

But how do you pick a trading platform when you're just starting out?

While there's no single trading platform that will fit all your needs or individual circumstances as a beginner investor, we hope our information and tools will allow you to compare options and help you find the best trading account for you.

How we selected the best trading apps for beginners

To help beginners out, we sourced a list of top brokers for beginners using Finder's proprietary algorithm. Here are some of the features we included in our methodology that we thought were important for beginner investors:

• What to look out for

  • Low brokerage fees for small investment amounts. You want to build your investment portfolio over time and there's no better way than to start small and add consistently. As such, if you're a newer investor you might want to find a fund has low fees and allows for smaller trading limits
  • Low brokerage on just 1 trade or less per month. Lowering the fees you pay is a great way to increase your returns. But be warned, some accounts will charge you more if you don't constantly trade. Beginner investors should avoid these accounts.
  • Low brokerage for ETFs. If you're looking to buy low cost ETFs some brokers will charge you less. This can be advantageous for long-term, low volume ETF investors.
  • No inactivity fee. Again, lowering your fees is important. An easy way to avoid paying unnecessary fees is to make sure your broker isn't charging you for inactivity.
  • Fractional investing. If you're starting out small, finding a broker that lets you buy fractional shares can help you gain access to the market without having to save for an entire share.
  • An online demo. It might sound simple enough, but learning the basics of how to invest is important. As such, an online demo can help beginners get ahead.
  • Educational or training content. If you want to improve your investing skills, education and training content is a great place to start. Some brokers will provide this information for you.
  • User-friendliness. Our editorial team gave platforms a rating based on how easy they were to navigate and place a trade.

We've focused on things like educational resources, low fees, ease-of-use and features like auto-investing and fractional shares. However, if you're planning on just buying and holding stocks or ETFs, you may find another it's more cost effective to use another trading platform.

To find out more about how we selected our 'best trading platforms', head to our methodology guide. Keep in mind that we don't compare every product on the market.

Best share trading platforms for beginners

Sharesies: Best overall for Beginners (Finder Awards)

3/5 ★★★★★

Finder score

Compare Read review

Capital at risk

Invest as low as 1 cent

Has an auto-invest function

Trade in AU, NZ and US markets

• Why it's great
• Pros and cons
• Fees

Kiwi brokers Sharesies aims to make investing as easy as possible with features like fractional shares, no minimum investments and auto-investing. Sharesies was named the Best for Beginners in the most recent Finder Share Trading Platform Awards.

• Access to Australian and international shares and ETFs
• Easy to use
• No minimum investment

• Cheaper brokerage available elsewhere
• Limited global markets
• No CHESS-sponsorship

Brokerage fees
Sharesies offers 2 fee structures to choose from - ‘pay as you go’ and ‘monthly’ plans.

Pay as you go:
1.9% transaction fee on investments, capped.
Aussie Shares: $6 AUD per transaction
US Shares: US$5 per transaction
NZ shares: NS$25

Monthly Plans:
$5/month: Covers up to $500 orders with fees included.
$10/month: Covers up to $1,000 orders with fees included.
$20/month: Covers up to $3,000 orders with fees included.

Other markets: Details here
Inactivity fee: $0
Currency conversion fee: 0.60% of trade value

Tiger Brokers: Best for low brokerage

4/5 ★★★★★

Finder score

Go to site Read review

Capital at risk

Cheaply invest in US, HK and AU shares

Easy access to international trading

Low-cost options trading

• Why it's great
• Pros and cons
• Fees

Tiger Brokers offers low-cost trading on Australian, US and Hong Kong shares via an intuitive, customisable app. With free market data, high-interest account and generous sign-up bonuses, it's a good all-round beginner platform.

• Low brokerage on ASX and US stocks
• No minimum deposits
• Easy-to-use app

• Limited educational resources

Brokerage fees:
AU stocks: $3 per trade up to $10,000, 0.03% of trade amount after that
US stocks: US$2 for trades of up to 200 shares, US$0.01 per stock after that
UK stocks: Not available
Other markets available: Details here

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ETF brokerage fees:
AU stocks: $3 per trade
US stocks: US$2
UK stocks: Not available
Other markets available: Details here

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Options:
ASX: Not available
US: Fixed Brokerage Plan
• US$3 for up to 4 contracts
• US$0.75 per contract for 5 or more contracts

Tiered Brokerage Plan (Monthly Contract Volume)
• US$0.90 per contract for the first 50 contracts
• US$0.75 per contract for the 51st–100th contract
• US$0.55 per contract for the 101st–300th contract
• US$0.50 per contract for the 301st–500th contract
• US$0.45 per contract for the 501st–1,000th contract
• US$0.40 per contract for the 1,001st–10,000th contract
• US$0.35 per contract for the 10,001st–50,000th contract
• US$0.25 per contract for the 50,001st–100,000th contract
• US$0.15 per contract for 100,001 or more contracts

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Inactivity fee: $0

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Currency conversion fee: 55 pips

Syfe: Best for auto-investing

N/A ★★★★★

Finder score

Compare Read review

Capital at risk

ASX and US stocks

Low minimum trades

Portfolio investing

• Why it's great
• Pros and cons
• Fees

Syfe is one of the first trading platforms in Australia to offer a robo-advice feature with its diversified portfolios (smart baskets) tailored to your risk tolerance and time horizon. It was named the best platform for Auto-investing in the Finder Share Trading Platform Awards. Plus, with a low minimum investment of just $1 and low fees there's no need to break the piggy bank to start. Syfe also gives you the option to directly purchase Australian and US stocks and ETFs as well as cryptocurrencies. With its simple to use platform, we think Syfe is a great choice for new investors.

• Invest from just $1.
• Trade ASX and US stocks plus crypto.
• User-friendly platform.
• Ready-made portfolios available
• Invest from $1

• Few advanced features
• Only access to Australian and US stocks at this stage.

Brokerage fees:
AU stocks: $4.99 for trades up to $20,000 and 0.025% for trades over $20,000
US stocks: US$1.49

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ETF brokerage fees:
AU ETFs: $4.99 for trades up to $20,000 and 0.025% for trades over $20,000
US ETFs: US$1.49

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Inactivity fee: $0

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Currency conversion fee: 60 bps of trade value

Interactive Brokers: Beginner-friendly platforms

5/5 ★★★★★

Finder score

Compare Read review

Capital at risk

Advanced trading features

Trade Australian and global shares

Trade OTC stocks from global markets

• Why it's great
• Pros and cons
• Fees

Interactive Brokers offers a range of beginner-friendly trading platforms across mobile, web and desktop. Along with some of the most competitive brokerage fees around, it's a worthy pick for beginners wanting to grow as investors because of its educational resources, research tools and huge range of markets.

• Low trading fees
• Fractional investing
• Strong educational resources

• Complex fee structure

Brokerage fee per trade:
AU stocks: $5 or 0.08% (whichever is greater) for trade values up to $3,000,000
US stocks: US$0.0035 cents per share capped at 1.0% of trade value
UK stocks: £1.00 or 0.050% (whichever is greater) for trade values up to £40,000,000
Options:
AU: $0.33/contract, min $1.10
US: US$0.25 - US$0.65/contract, min US$1.00
Inactivity fee: $0
Currency conversion fee: 0.20% (Flat US$2 for transactions below $10,000 or 0.2% for amounts above $10,000)

Stake: Low-cost CHESS-sponsored shares

4/5 ★★★★★

Finder score

Compare Read review

Capital at risk

$3 brokerage fee per trade

No monthly fees for basic account

Buy and sell US stocks and ETFs

• Why it's great
• Pros and cons
• Fees

Stake boasts an intuitive, well-designed app along with low fees on ASX and US shares. With handy educational and research tools, it's a solid choice for beginners.

• Easy-to-use app
• CHESS-sponsored shares
• Competitive fees

• Limited markets available

Brokerage fees:
AU stocks: $3 (Up to and including $30,000); 0.01% (Over $30,000)
US stocks: US$3 (Up to and including $30,000); 0.01% (Over $30,000)
Other markets: Details here

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ETF brokerage fees:
AU ETFs: $3
US ETFs: US$3

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Inactivity fee: $0

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Currency conversion fee: 70 pips (US$0.70 for every AUD$100 exchanged)

How to pick an investment platform as a beginner

There are many different ways to trade and invest in Australia, and beginner investors should try to work out what works best for them prior to signing up to a new broker.

There are two broad types of investor - active traders and passive investors.

The category you fall into will greatly determine what type of broker you should sign up with.

As a beginner, you're likely want to start as a passive investor, but you should ask yourself the following questions before signing up:

Am I an active trader or investor?

There's a few key differences between trading and investing.

• Traders try to make money from short-term price movements, while investors try to buy quality businesses for the long-term. Active trading is incredibly complex and comes with more risk, while investing is more suited to beginner and inexperienced investors.

Regardless, you would need a broker that matches your style.

• For traders, low brokerage fees and advanced trading options may be a higher priority than other features. For example, sophisticated charting tools may be more important than an inactivity fee.
• Investors who might only buy shares once or twice a year, features like CHESS-sponsorship, no activity fees and low trading fees might be more valued.

How will I place trades?

Will you be placing all your trades online, via a mobile app or over the phone? Some platforms are app or online-only, whilst others may only offer limited functionality on mobile.

What markets do I want to invest in?

Some investors choose to focus exclusively on the Australian market while others want broad exposure to the world. Before signing up to a broker it is important to know which markets they support, and the fees they charge for investing in global markets.

How much money am I trading?

Brokers fees will largely vary depending on how much you are investing. This means you should find a broker that matches your needs. If you have a small balance, you might want to find a platform with low or even $0 brokerage. If you have a large balance, you might favour a platform that offers flat fees.

What about micro investing?

If you're looking to dip your toes in the water, you might also want to consider a micro-investing platform that lets you invest as many times as you want with no minimum investment amounts in return for a recurring monthly or annual fee.

However, while micro-investing apps are designed for beginners, they probably aren't the most cost-effective option over the longer term. You may be better off using a platform with low or even $0 brokerage and investing that way.

Expert insight: Finding the platform that fits

"Some platforms' minimum investment is higher than others, so look for one that aligns with your budget. Also keep an eye out for features which support the way you want to invest, such as if you want to be more hands-on or automate your investments in the background."

Demetria Chelepy

Sharesies operating director

What type of investments are offered on trading platforms?

Beginner-friendly trading platforms generally offer the following types of investment options:

• Australian stocks
• US and global stocks
• ETFs

Please note that the specific investments available to trade, such as individual stocks, will vary between platforms and if you have a certain investment in mind it's worth checking which platforms list it when comparing.

What type of fees will I pay?

There are a few fees you may need to pay when investing through a share trading platform:

• Brokerage fees. This is the fee that is charged every time you buy and sell shares. Brokers charge different fees depending on the product you're trading, the size of the trade you make and how often you trade per month.
• Monthly fees. Some brokers are more aimed at active traders and will charge a subscription or inactivity fee for those who trade less. This may or may not suit you depending on your trading requirements.
• Foreign exchange fees. This one is for investors buying shares overseas. If you're interested in trading global stocks, you'll want to check what the foreign exchange (FX) fee is for converting your Australian dollars to the foreign currency of choice. Currency conversion fees can have a big impact on the overall cost of your trades.

It's important to try and keep the amount of fees you pay to a minimum, as fees will eat into the money you have to invest and lower your potential returns. There are now a few trading platforms that offer brokerage-free trading on certain assets. This means you can invest without having to pay any trading fees.

These platforms include CMC Invest, Webull, Vanguard, Betashares Direct, IG, Bendigo Invest Direct and Superhero.

Find out more about the cheapest trading platforms in Australia.

Frequently asked questions

• How much do you need to start trading shares?

  This varies greatly depending on the broker you choose. Some will let you start trading from as little as 1 cent, while others will need you to have a minimum of $500. If you are looking to buy CHESS-sponsored shares, you will need at least $500 before starting.

• What is the best trading platform for beginners in Australia?

  According to the Finder Share Trading Platform Awards, the best trading account for beginners is Sharesies, thanks to its low fees, low minimum investment and auto-invest feature. However, it largely depends on your individual style and needs. Generally speaking a low cost broker with an easy to use platform will work for most new investors.

• How do beginners trade stocks in Australia?

  In order to start trading stocks in Australia, you'll need to first sign up with a broker or online trading platform. Once you've created your account, you'll need to deposit funds and then can begin trading.

• What platform should I start trading on?

  If you're just starting out, it can be a good idea to go with a share trading platform that offers a free demo account where you can trade with dummy money. This way you can get familiar with the platform and the stock investing process without having to risk real money. Once you're comfortable, you can then start investing with your own money.

• How should a beginner start trading?

  The best thing to do as a beginner may be to sign up with a trading app that offers a free demo account. This way you can get experience buying and selling shares without having to risk real money. Once you're ready to start investing properly, you should then start with small investments at first.

• Which trading app is best for beginners?

  According to our latest analysis, Sharesies is the best trading app for beginners in Australia.

  Many trading platforms now offer beginner-friendly features like educational resources, fractional shares, micro-investing and auto-investing to help beginners get started investing.

• Can I start trading with $100?

  You can, but it will again depend on the broker you choose. Syfe, Superhero, Douugh, Pearler and eToro are all examples of platforms where you can start investing with less than $100.

• What is the most trusted trading platform?

  Stake is the most-trusted share trading platform in Australia, based on the results of the most recent Finder Customer Satisfaction Awards. 100% of users agreed it was a trustworthy and reliable platform.

To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal as part of our fact-checking process.

Written by

Cameron Micallef

Journalist

Cameron Micallef is a personal finance journalist with eight years of experience, specialising in investing, property and household bills. He has written for Smart Property Investment, nestegg and Investor Daily. Cameron holds a Bachelor’s degree in Communication and Media Studies and Commerce, as well as a Tier 1 Generic Knowledge certification (RG146), ensuring compliance with ASIC standards. See full bio

Cameron's expertise

Cameron has written 158 Finder guides across topics including:

• Energy
• Mobile
• Internet
• Streaming

Co-written by

Thomas Stelzer

Journalist

Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio