It's never easier to open a trading account and get access to the international stock market. Better yet, some brokers and trading platforms let you invest in global stocks and exchange-traded funds (ETFs) without having to pay a commission.
This includes CMC Invest and IG, who offer $0 brokerage on certain international stocks (including US stocks), as well as Webull, who offer $0 brokerage on US (and Australian) ETFs.
Share Trading Account Offer
eToro
USD 2
Standard brokerage - US shares
Share Trading Account Offer
Get US$2 brokerage on US, Hong Kong and European stocks with trades as little as $50 when you join the world's biggest social trading network.
US$2 brokerage for AU, US, Hong Kong and European stocks
Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
Key takeaways
Some of the biggest stocks in the world are only available through international exchanges
Many trading platforms and brokers let you buy global shares
Some platforms charge no trading fees on global stocks, but you will need to pay a currency conversion fee
What is international share trading?
International share trading is the process of buying and selling shares in companies listed on global stock exchanges.
An international share trading account allows Australians to trade shares in global companies instead of being limited to companies listed on the Australian Securities Exchange (ASX).
For example, Alphabet (Google's parent company) is listed on the American stock exchange Nasdaq. So if Australians wish to buy Alphabet shares, they’ll need to do this via an international share trading account.
How to buy international shares from Australia
Buying international shares can be done in 4 easy steps:
Compare brokers with access to global stocks.
Open your account by providing an ID.
Fund your account by transferring money from your bank account.
Search and select the shares you want to invest in and start trading.
Investing in the global share market is a lot like investing in the Australian market. However, you'll need to find the right stockbroker or online trading platform.
This guide explains what to look for in an international share trading account, how to open one and what to do with the account once you've opened it.
Read on to learn more, or start with the basics of share trading if it's new to you. If you already know how to buy international shares, you can simply compare brokers and open an account.
Which global stock exchanges can I access?
The global markets available will vary between providers, so it's best to check if a provider can access the particular stock exchange you're looking for before you open an account. However, most international share trading platforms will provide traders access to the following major global exchanges and more:
Australia – The Australian Securities Exchange (ASX)
United States – The New York Stock Exchange, Nasdaq
United Kingdom – London Stock Exchange
Europe – Euronext
Asia – Japan Exchange Group, Shanghai Stock Exchange, Hong Kong Stock Exchange
Finder survey: Have Australians of different ages bought overseas stocks?
Response
75+ yrs
65-74 yrs
55-64 yrs
45-54 yrs
35-44 yrs
25-34 yrs
18-24 yrs
Australia
29.85%
23.43%
24.69%
25.56%
23.29%
28.11%
12.63%
Other
5.97%
4%
1.23%
0.56%
0.4%
1.05%
US
2.99%
4%
7.41%
12.22%
12.05%
9.22%
7.37%
NZ
1.49%
0.57%
1.61%
1.84%
UK
1.49%
1.14%
3.09%
1.11%
1.2%
1.84%
1.05%
China/Hong Kong
0.57%
0.62%
0.56%
3.21%
1.38%
2.11%
Europe (EU)
0.57%
1.23%
2.01%
1.38%
1.05%
Canada
1.23%
1.67%
1.2%
1.38%
1.05%
Japan
0.62%
0.56%
2.01%
1.84%
1.05%
India
0.56%
0.4%
0.92%
1.05%
Singapore
0.56%
1.61%
0.92%
1.05%
Africa & Middle East
1.05%
Source: Finder survey by Pure Profile of 1145 Australians, December 2023
What are the benefits of international share trading?
Some of the major benefits of international share trading include the following:
Access more shares. The Australian share market only represents around 2% of the world's shares. International share trading allows you to access thousands of global shares that you wouldn't have access to if you were trading on the ASX alone.
Invest in major global brands. You can invest in shares of major global companies such as Meta (Facebook's parent company), Tesla, Amazon, PayPal, Google and Apple.
Diversification. Investing in global stocks as well as local Australian shares will ensure your portfolio is more diversified. Remember, if you live in Australia, work in Australia and own a home in Australia, by default you are incredibly exposed to the country's economy. An internationally diversified portfolio will help protect you from any major dips in the Australian market.
24/7 trading. You can trade 24 hours a day rather than being restricted to set hours.
Cheaper brokerage. Depending on where you trade, it can be cheaper to buy overseas shares than to invest in Australia.
International market news (October 2024)
S&P 500: The S&P 500 has come back after a record month in January. The index closed down 2.6% for the month of February, following a range of quarterly updates which suggest business leaders are bearish about their prospects moving forward. The US market has now slipped back below 4,000 points.
Hang Seng: The Hang Seng has entered a correction territory, (down 10%) after investors began to sell off the Chinese market. In January, the index gained a major boost after China moved away from its COVID-19 lockdown policies and reopened the country. Investors were incredibly bullish about China's prospects after it reopened. But now the Hang Seng is close to giving up all its years gains, as it falls back below 20,000 points.
FTSE 100: The London Stock Exchange or FTSE 100 recorded its best February since 2019. It was up 1.3% off the back of higher earnings and a weaker pound earlier in the month.
International share trading brokerage fees
Trading international shares can incur different fees and commissions than what you would pay when trading Australian shares. Here's an idea of the fees you can expect to pay when trading shares on the New York Stock Exchange or the London Stock Exchange.
Provider
New York Stock Exchange brokerage fee
London Stock Exchange Brokerage Fee
IG Share Trading
US$0
£0
Saxo Invested
US$1
£8
CommSec International Trading Account
US$5
US$39.95 or 0.40%, whichever is greater
What are the risks of international share trading?
International stock exchanges give you access to many more investment options than those listed on the Australian Securities Exchange (ASX). However, it can carry a few more risks than the domestic market, such as foreign exchange rate risks, liquidity risks and risks from changes in foreign governments.
Here are some things to be aware of:
Exchange rate volatility. You will need to convert Australian dollars into a foreign currency to buy shares listed on an international stock exchange. When you convert the money back to Australian dollars, there’s a risk the exchange rate will be worse than when you purchased the foreign currency. This could offset the profits you've made on your shares.
Liquidity. You can only realise capital gains (or losses) after settling a sell order. Overseas stock exchanges can have fewer participants and a lower trading volume. So if you’re trading on a small international stock exchange, there’s a chance you may not be able to find a buyer for your shares and will have to sell at a significant discount.
Foreign policy. Just as the Australian government’s policies can impact your bottom line, overseas governments can introduce policies and restrictions that can reduce your return on international investment. Many companies also have operations running in politically unstable regions. Political turmoil such as a military coup or civil war can derail foreign investments. Do your homework carefully before investing.
Tax legislation. The capital gains and other tax implications of trading international shares are more complex than if you were only trading Australian shares. You may need to pay for professional tax advice.
Different time zones. You’ll need to manage opposite time zones when buying or selling shares in major international markets like America and Europe.
What fees and charges are involved with international share trading?
Admin fee. Some providers charge a registration fee, an ongoing membership or an admin fee to use their brokerage services.
Brokerage fee. The brokerage fee is either a flat fee or a percentage of trade, whichever is greater. You may be able to find a deal on brokerage fees as a new customer.
Foreign exchange commission. The international share trading account provider will take a margin when exchanging funds from Australian dollars to a foreign currency.
Market fees. These are charges or fees for trading in a particular market. For example, trades in the US are subject to SEC fees and trades in the UK attract a stamp duty charge. Local exchange fees can also apply.
Invest in global exchange traded funds (ETFs) and exchange traded options (ETOs)
Exchange traded funds (ETFs) and exchange traded options (ETOs) provide alternative ways for Australians to access international shares.
An ETF is a fund traded on an exchange in the same way as a share. An ETF consists of many different types of assets. For example, stock ETFs can comprise hundreds of shares from specific industries such as energy or mining. ETFs mirror the movements and returns of a particular market. There are many global market ETFs that are listed in Australia, including the following:
Options contracts (ETOs) give you the "option" to buy a security in the future for an agreed price. For example, equities options let you trade now on a company's future performance.
Invest in international shares through managed funds
It’s possible to invest in international shares through managed funds. Some global-themed managed funds are available through select online share trading platforms thanks to the ASX Mfund settlement service.
When you buy and sell units in an mFund, you can track your units along with other investments such as shares and ETFs in a single place online.
How to find the best international share trading platform
When you’re comparing international share trading accounts, make sure to consider the following features:
Brokerage fee: This is a commission for executing a trade and is a flat fee or a percentage charge, whichever is greater. Providers charge a brokerage fee per trade. Some may even offer free brokerage deals.
Available markets: Where can you trade? Almost every provider can give you access to the US, but not all platforms let you trade in some areas of Asia and Europe.
If you can trade options: Consider whether you can trade ETOs and ETFs alongside shares and in which markets. Only some international share trading accounts let you trade options.
Execution speed: Check how long it takes for funds to clear and execute the trade.
The buffer: The account provider will take a couple of percentage points extra as a buffer against international currency fluctuations. This happens in the time it takes for the trade to clear.
Exchange rate margin: The account provider will often charge a bit extra on top of the real currency exchange rate to make a profit when converting Australian dollars to a foreign currency and vice versa.
Trading platform: Is smartphone compatibility with a mobile app an important feature or are you happy with a browser-based platform? Either way, the trading platform should be easy to use. You should also be able to access account services such as tax, profit and loss, and dividend reporting tools quickly and easily.
Registration fees: Are you required to pay a registration or membership fee to open an international share trading account?
Education and research tools: Check which market tools and resources you can access to educate yourself about different companies and foreign markets on offer. Fundamental analysis and charting tools are key to making better trades.
Customer support: Can you contact the provider outside business hours? Do they provide a dedicated account manager for clients?
Big Four banks' international share trading accounts comparison
We’ve compared the Big Four banks' international share trading platforms in the table below. The brokerage fees listed in the table apply to share trading. Options transactions attract an additional fee per contract.
Big Four banks' share trading accounts comparison
CBA
Westpac
ANZ
NAB
Global markets
25
25
11
7
Brokerage fee (US shares)
US$19.95 or trade up to US$5,000
US$29.95 or trade up to US$10,000
0.31% or trade above US$10,000
US$19.95 or trade up to US$5,000
US$29.95 or trade up to US$10,000
0.31% or trade above US$10,000
$59.95 or trade up to $10,000
0.59% or trade over $10,000
$14.95 or trade up to $5,000
$19.95 or trade $5,001.00 – $20,000.00 in value
Trade options
Shares & ETFs (all countries)
ETOs (US)
Shares & ETFs (all countries)
ETOs (US)
Shares (all countries)
Shares (all countries)
EFTs (some countries)
Partner bank
LLC (Pershing) – [Bank of New York Mellon]
LLC (Pershing) – [Bank of New York Mellon]
Citigroup Global Markets Australia Pty Limited
Citibank
Access
Online and phone
Online and phone
Online
Online
How do I open an international share trading account?
You can apply for an international share trading account online in less than 15 minutes. Compare accounts in the table above and click on the site to begin your application.
Eligibility
Application requirements can vary between different international share trading account providers. Generally, eligibility requirements for personal applicants will include the following:
Be over the age of 18
Have an Australian residential address
Have a valid contact number
Documentation and ID needed
If you’re a new customer to the share trading platform, you’ll need to verify your identity before you can begin to make trades. Have the following information on hand when you start your application for a share trading account.
Photographic identification such as your passport, driver’s licence or proof of age card
Your tax file number (TFN) or exemption code (optional)
Companies, organisations and trusts must be registered in Australia and lodge a US Withholding Tax Treaty Statement to trade in the United States. If you’re opening the account in the name of a trust or company, you’ll also need to supply the following:
Australian company number (ACN)
Australian business number (ABN)
Pros and cons of international share trading
Pros
Access more markets
Access major global brands
Portfolio diversification
24/7 trading
Cons
More fees and costs involved
Complex tax rules
Foreign currency exchange rates will affect your returns
Competing time zones
Tips for people when trading international shares
International share trading accounts can give you access to some of the biggest names in the world. However, there are risks and issues to consider, such as foreign regulatory considerations, time zone differences and lack of overseas market knowledge. Keep the following tips in mind if you’re just starting out:
Always have a phone number for your broker.
Check the deposit requirements before signing up.
Trading frequently? You might be eligible for discounts.
Always be aware of the fees involved.
Ensure you have access to the international markets you want.
Ensure the site security – 128-bit encryption is a must.
Frequently asked questions
Adding international shares to your portfolio comes with a number of benefits including lowering portfolio risk, reducing the risks of Australia's economy going into a downturn, providing an additional source of portfolio growth and tempering volatility risks.
When it comes to paying taxes overseas, it'll all depend on the withholding rate.
How much you will pay will ultimately depend on the treaties that Australia has with the other countries and the size of your investment.
To make this easier, let's start with an example. If you invest in the US, you will have a withholding tax rate of 15% if you have a W8BEN form. Without one, you will be paying a tax of 30% on shares, plus a withholding tax of 30% on dividends. But if you happen to be an incredibly large shareholder and own more than 10% of the voting rights, the amount of taxes falls to 5%, and if you own 80% of the voting rights, it drops to 0%.
Finder's recent awards found that the best broker for international shares is Interactive Brokers.
When it comes to investing in US shares, CMC Invest took out our award, and was also named best overall broker.
While Finder's awards are independently tracked across 40 brokers, it is important to highlight that there's no one "best broker". You should try to find a trading account that matches your own circumstances and needs.
The ASX is for Australian-listed companies, meaning you can't buy international shares directly online.
However, many international exchange traded funds (ETFs) are listed on the ASX. These trade the same way as any Australian shares. You can buy them off the ASX, which is open from 10am to 4pm AEST.
Yes, CommSec will allow you to buy international shares in the following countries:
North America
Canada
Asia Pacific - Japan, Hong Kong
Singapore
Europe and the Middle East - France, Germany, Italy, The Netherlands, Norway, Sweden, Switzerland
London
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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To make sure you get accurate and helpful information, this guide has been edited by David Gregory as part of our fact-checking process.
Kylie Purcell is the senior investments editor and analyst at Finder. She has completed a Certificate of Securities and Managed Investments (RG146) and specialises in investment products including online brokers, robo-advisors, stocks and ETFs. See full bio
Kylie's expertise
Kylie has written 134 Finder guides across topics including:
Stake is a trading platform for Australians who want value for money when trading. Gain access to the cheapest CHESS-sponsored brokerage in Australia and $3 brokerage in the US.
Hi, I want to be able to invest in all of the ETFS listed on the US stock exchange – can you advise which Australian broker offers the most comprehensive coverage?
Finder
HaroldJanuary 26, 2018Finder
Hi Phil,
Thank you for your inquiry.
I can see your interest in growing your ETFS by investing in the international stock markets. It’s great though that the above list of brokers/trading companies allow you to invest internationally, like the US stock exchange. While we cannot recommend a specific broker, you may like to refer to our guide on how to choose a good stockbroker.
I hope this information has helped.
Cheers,
Harold
JasonOctober 30, 2017
Hi,I am wanting to open a international trading account with a online broker,and wishing to purchase stocks in a company that is specific OTC market and need a broker that does that. I’m finding a lot of brokers only do certain stocks and need one that does all stocks. Your help would be greatly appreciated.Thxs jason
Finder
JudithOctober 31, 2017Finder
Hi Jason,
I hope you are doing great today. Thanks for contacting Finder.
You may check our list of online share trading platforms. On the page, is a comparison table you can use to see which platform suits you. Kindly review each platform by clicking “Go to site” or the “More info” link. This would also greatly help you in making a sound decision in choosing the right option.
I hope this helps.
Best regards,
Judith
Finder
MayJune 1, 2017Finder
Hi Piera,
Thank you for your inquiry.
As we are a third party comparison site, I’m afraid we may not be able to recommend a specific trading platform for you. Although, you can compare the international share trading accounts listed above. If you want to know more about the associated fees, rates and which overseas stock markets you can trade with, please click on the ‘Go to site’ button to head over to the brand’s official site. Other providers that also offer international shares trading are enumerated under the “Which international share trading platforms are mobile friendly?” section.
Cheers,
May
DavidMay 24, 2017
Hi There,
I work for a European company and have some shares as part of an employee share scheme. Shares are listed in European stock market.
If I am no longer working for this company, I will need to transfer the shares to a private brokerage account in Australia.
Can you tell me which of the brokers listed in your comparison are suitable for this purpose.
I will not be actively trading international shares. I just need the shares to be transferred and if required, to be sold at some point in the future.
Many Thanks,
David
Finder
DeeMay 25, 2017Finder
Hi David,
Thanks for your question.
The share trading accounts we listed above may be suitable for your purpose as they allow buying and selling of international shares. Please be mindful of the eligibility criteria to open a particular account.
You may directly get in touch with the share trading account brand you are interested in to confirm if they are able to assist with your need.
Cheers,
Anndy
BronekNovember 4, 2016
What is the difference between owning a share outright and beneficial ownership ?
Finder
ClarizzaNovember 8, 2016Finder
Hi Bronek,
Thanks for your question.
In Australia, if you own a share outright or have beneficial ownership, you get direct benefit from the shares and are the listed owner. For example, if you have invested in shares listed on a securities exchange. Both have the same meaning and relate to how the shares or investments are controlled and who receives benefits.
Regards,
Clarizza
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Hi, I want to be able to invest in all of the ETFS listed on the US stock exchange – can you advise which Australian broker offers the most comprehensive coverage?
Hi Phil,
Thank you for your inquiry.
I can see your interest in growing your ETFS by investing in the international stock markets. It’s great though that the above list of brokers/trading companies allow you to invest internationally, like the US stock exchange. While we cannot recommend a specific broker, you may like to refer to our guide on how to choose a good stockbroker.
I hope this information has helped.
Cheers,
Harold
Hi,I am wanting to open a international trading account with a online broker,and wishing to purchase stocks in a company that is specific OTC market and need a broker that does that. I’m finding a lot of brokers only do certain stocks and need one that does all stocks. Your help would be greatly appreciated.Thxs jason
Hi Jason,
I hope you are doing great today. Thanks for contacting Finder.
You may check our list of online share trading platforms. On the page, is a comparison table you can use to see which platform suits you. Kindly review each platform by clicking “Go to site” or the “More info” link. This would also greatly help you in making a sound decision in choosing the right option.
I hope this helps.
Best regards,
Judith
Hi Piera,
Thank you for your inquiry.
As we are a third party comparison site, I’m afraid we may not be able to recommend a specific trading platform for you. Although, you can compare the international share trading accounts listed above. If you want to know more about the associated fees, rates and which overseas stock markets you can trade with, please click on the ‘Go to site’ button to head over to the brand’s official site. Other providers that also offer international shares trading are enumerated under the “Which international share trading platforms are mobile friendly?” section.
Cheers,
May
Hi There,
I work for a European company and have some shares as part of an employee share scheme. Shares are listed in European stock market.
If I am no longer working for this company, I will need to transfer the shares to a private brokerage account in Australia.
Can you tell me which of the brokers listed in your comparison are suitable for this purpose.
I will not be actively trading international shares. I just need the shares to be transferred and if required, to be sold at some point in the future.
Many Thanks,
David
Hi David,
Thanks for your question.
The share trading accounts we listed above may be suitable for your purpose as they allow buying and selling of international shares. Please be mindful of the eligibility criteria to open a particular account.
You may directly get in touch with the share trading account brand you are interested in to confirm if they are able to assist with your need.
Cheers,
Anndy
What is the difference between owning a share outright and beneficial ownership ?
Hi Bronek,
Thanks for your question.
In Australia, if you own a share outright or have beneficial ownership, you get direct benefit from the shares and are the listed owner. For example, if you have invested in shares listed on a securities exchange. Both have the same meaning and relate to how the shares or investments are controlled and who receives benefits.
Regards,
Clarizza