Best Trading Platform Australia – Top 7 List

To be viewed as the best trading platform Australia is highly desirable for the big online brokers. When you are considered amongst the top 7 in Australia, this means that many things are optimised for Australian traders and that all around this is a platform that has a few ‘bells and whistles’.

We want this list to include only the best of the best available, and as such will not be making inclusion easy. We are going to dig into the best trading platform for each instrument so if you are looking to trade something in particular, you can easily find the best in class by jumping to the below.

Best Trading Platform Australia
Best Share Trading Platform Australia
Best Crypto trading platform Australia
Best CFD trading platform Australia

Let’s take a look then at what points separate the best trading platforms in Australia with the rest!

11 points we are looking for in the best trading platform Australia

To start off, wherever in the World we are evaluating online brokers you want to see that to get your account started there are no fees for depositing or withdrawing your funds. You wont see the best trading platform Australia charging users and keeping those hard earned Dollars on transactional charges. Sticking on the topic of getting started, we will move on to the next point.

A realistic minimum deposit that allows traders in Australia from all walks of life to get started is something that we are looking for. The internet is supposed to be a ‘leveler’ on the old class systems, and online trading platforms should be the same. It is high time that the old guard of finance are moved aside for the new online finance and fintech companies that share the same values.

the best trading platforms

Sticking in the realm of before you get started, every trader should check the regulatory status of the broker or online trading platform they are considering. On that note, to be the best trading platform Australia, we will have to see ASIC regulation, ideally with a local office.

Once you have got the early checks out of the way in terms of regulation and depositing, you need to see how good the platform actually is to use and what the costs are to trade. This moves us on to the overall ease of use. A trading platform should not require rocket science level brains to navigate, and the best trading platform Australia will be user friendly and rich with additional features.

The features traders usually want to see are charts, indicators, news feeds, even educational tools that can help you keep your trading knowledge sharp. There are some trading platforms that include things like sentiment trackers that allow a simplistic view of how other users are trading at that time and it can be really useful. None of these features matter much though without the platform being reliable and with fast execution speeds.

What you can actually trade then becomes important to be amongst the best trading platforms in Australia so we have broken out some of the list by trading instruments. If you are trading stocks, CFDs, forex, commodities, or cryptocurrency, what you are looking for in the best trading platform will likely vary. One thing that is the same regardless, is hidden charges or fees, no one wants those!

To wrap things up, once you are trading the ongoing level of care given is important. Customer support should be available all throughout the Australian trading day and would be nice to have local telephone number (for those of us that still appreciate the human voice). The satisfaction level of existing customers will also be a factor to make sure that the platform is continuing to deliver a strong service after you are onboarded.

This list will only feature online platforms that can hit the mark on all points highlighted. You can also see more detail on how we rate trading platforms on a global level, but this best of Australia list is allowing for local habits.

To be the best trading platform Australia, you have to give the people what they want, when they want it… Locally regulated, trading any instrument any time of day, on a user friendly platform with no fees. Sounds easy? Let’s find out.


Best Trading Platform Australia


Pepperstone

Best For : Low spreads and great execution on a range of trading platforms including MT4/5, cTrader & TradingView.

pepperstone uk trading platform award winner

MINIMUM DEPOSIT – $200
REGULATION – ASIC, FCA, CySEC, DFSA, CMA
INSTRUMENTS – FOREX, CFDs, INDICES,
SPREAD BETTING, COMMODITIES, SOCIAL TRADING

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Full Pepperstone Review

Pepperstone is a forex broker that has Australian origins and has a really complete all around offer. If you want to trade cryptocurrency this is not going to be the one for you, but otherwise carry on reading and you will probably find something you like!

Headquartered in Australia (Melbourne) and offering a range of services that has continued to develop over the past 10+ years puts this broker firmly in the reckoning to be considered best trading platform Australia. Pepperstone Group Limited are the Australian entity of this now International broker with global regulations.

The best trading platform Australia offers a great customer experience

Customer support for the local market is offered around the clock and there is a local contact number available for Pepperstone Australia which is +61 1300 033 375. Judging from the user feedback left on Truspilot Australia where more than 80% of people have left excellent reviews, the all around service is close to top of the pile.

Spreads on forex and CFDs are competitive, Australian shares have even been added in recent periods that can also be traded with leverage. You can get started with as little as $200, or even practice your trading with a free dem account to get a feel for the platforms on offer.

Trading View Pepperstone

Pepperstone have recently added TradingView support in addition to the previously offered MT5, MT5, and cTrader. An industry leading range of platforms just keeps growing.

Whilst there are always things that can be improved, Pepperstone has a lot more things right than wrong but continue to add features and services that users want. If they keep this up, they will stay top of the best forex trading platform Australia pile for a while to come.

WHAT WE LIKE

  • Spreads on Razor from 0.0
  • Great range of platforms
  • Execution and reliability are strong

TO IMPROVE

  • More instruments would be nice to see

Visit Pepperstone.com


Best Crypto Trading Platform Australia


eToro

Best For : Real stocks and cryptocurrency trading under one platform is a real rarity. Globally recognized and trusted with a beginner friendly platform.

Best Trading App

MINIMUM DEPOSIT – $50
REGULATION – ASIC, CySEC, FCA, FinCEN
INSTRUMENTS – FOREX, CFDs, STOCKS, CRYPTOCURRENCY, SOCIAL TRADING

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Full eToro Review

WHAT WE LIKE

  • Low minimum deposit
  • Huge instrument range available as both ‘real’ and CFD
  • Intuitive platform and social trading pioneer

TO IMPROVE

  • Reduced spreads
  • More advanced charting

Best CFD Trading Platform Australia


Plus500

Best For : CFD trading & beginners. Very easy CFD platform that ticks a lot of boxes and provides a huge range of instruments.

Best CFD trading platform for beginners

MINIMUM DEPOSIT – $200
REGULATION – ASIC, CySEC, FCA
INSTRUMENTS – FOREX, CFDs, STOCKS, CRYPTOCURRENCY

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WHAT WE LIKE

  • Easy to use proprietary platform
  • Huge range of supported CFD instruments
  • Highly trusted and publicly listed broker

TO IMPROVE

  • Could add alternative trading apart from pure CFD

Best Share Trading Platform Australia


IG

Best For : Large range of stocks available on a great all-around platform. Vanilla options and Turbos are interesting.

Best platform for uk AIM shares

MINIMUM DEPOSIT – $50
REGULATION – ASIC, CySEC, FCA, MAS, FSCA, DFSA, BaFIN, FINMA
INSTRUMENTS – FOREX, CFDs, STOCKS, OPTIONS

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WHAT WE LIKE

  • Spreads low
  • Great range of stocks
  • Execution and reliability are strong

TO IMPROVE

  • Cryptocurrency would be nice to have
Shares with IG

roundup of remaining ASIC regulated best Trading platforms Australia


Admiral Markets

AdmiralMarketsLogo

Best For : Large range of tradeable instruments, complete with excellent spreads. No commission stocks and ETFs available.

WHAT WE LIKE

  • Spreads from .1
  • Commission free stocks

TO IMPROVE

  • No proprietary app so far for mobile trading

MINIMUM DEPOSIT – $100
REGULATION – FCA, CySEC, ASIC, EFSA

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Full Admiral Markets Review

Tickmill

TickmillLogo

Best For : feature rich forex specialist. Futures and options available alongside a wide range of more commonly found instruments.

WE LIKE

  • Low spreads
  • Advanced level
  • High reliability

TO IMPROVE

  • Trading on app is more limited

MINIMUM DEPOSIT – $100
REGULATION – FCA, CySEC, FSCA, LFSA, FSA

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AvaTrade

Avatrae have one of the best trading platforms

Best For : CFD trading platform with plenty of instruments to choose from on desktop & mobile. One of the best globally regulated platforms

WE LIKE

  • Trading app
  • Lots of features
  • Options

TO IMPROVE

  • Lower spreads
  • Australia listed stocks

MINIMUM DEPOSIT – $100
REGULATION – ASIC, CBI, FSCA, BVI, FSC, JFSA, FRSA

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Full AvaTrade Review