{"id":79377,"date":"2022-11-23T04:27:29","date_gmt":"2022-11-23T04:27:29","guid":{"rendered":"https:\/\/arielle.com.au\/?post_type=review&p=79377"},"modified":"2026-08-20T10:24:45","modified_gmt":"2026-08-20T10:24:45","slug":"best-stock-trading-app-australia","status":"publish","type":"review","link":"https:\/\/arielle.com.au\/best-stock-trading-app-australia\/","title":{"rendered":"16 Best Stock Trading Apps In Australia For 2026 Compared"},"content":{"rendered":"\n

The best stock trading apps are like the best girlfriends. They appear uncomplicated on the first date – but become surprisingly nuanced once you move in with them.<\/p>\n\n\n\n

Jokes aside, I don’t love buying stocks on the go. Historically, I’ve felt most comfortable buying stocks at my desk, where I can carefully weigh my options.<\/p>\n\n\n\n

That said, I do use trading apps regularly – to monitor my portfolio and adjust my positions in stocks and ETFs I already have exposure to.<\/p>\n\n\n\n

I don’t claim to be an investing expert. But as someone who has used quite a few of these apps, I’m happy to share my thoughts on how they differ in practice.<\/span><\/div><\/div>\n\n\n\n

Below, I compare 16 platforms people encounter when searching for the best share trading apps in Australia<\/strong>. <\/p>\n\n\n\n

I reveal where each shines – and where it sucks – based on my personal experience and research.<\/p>\n\n\n\n

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Did You Know?<\/h3><\/div>

When I was starting out, I was fooled by \u201clow\u201d or \u201czero\u201d commission claims. But I eventually learned that this doesn\u2019t mean a trading app is cheap – or free. They make their money elsewhere: 1) currency conversion spreads and 2) upsells into leveraged trading. Read below to learn how I got burned.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

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1. eToro<\/a><\/strong>.<\/h2>\n\n\n\n

Best stock trading app in Australia.<\/strong><\/h3>\n\n\n\n
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Above: eToro’s clean, minimalist interface looks like it was designed by an Apple engineer.<\/em><\/p>\n\n\n\n

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Get Zero Fees For Three Months – Exclusive To Arielle<\/a><\/div>\n<\/div>\n\n\n\n
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What Most Investors Don’t Know About eToro.<\/strong><\/h3>\n\n\n\n

When I first decided to move my portfolio out of Selfwealth, I chose eToro<\/a>.<\/p>\n\n\n\n

Why? <\/p>\n\n\n\n

Because of its intuitive interface (something I also liked about Selfwealth) and its copy trading features.<\/p>\n\n\n\n

But if you follow my blog closely, you’ll know that I’ve also criticised eToro for its steep FX conversion fees. <\/p>\n\n\n\n

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Did You Know?<\/h3><\/div>

eToro has until recently been a USD-only platform – and has charged a 1.5% currency conversion fee on ALL deposits – even if you wanted to buy ASX shares. You’d deposit your AUD, it would convert your AUD to USD, and you’d buy your Aussie shares with USD. Madness.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

I didn’t like this, but chose to view it as the price of accessing the platform’s excellent copy trading features. After all, it saved me time – and time is money.<\/p>\n\n\n\n

But at the start of 2026, eToro rolled out an AUD account facility.<\/span><\/div><\/div>\n\n\n\n

It now accepts Australian dollar deposits that you can use to buy ASX stocks – without paying any FX fees at all.<\/p>\n\n\n\n

Mazel tov!<\/p>\n\n\n\n

It also gave us several ways to reduce them – to nearly zero. Plus, I’ve discovered one sneaky fee-dodging method of my own<\/a>. <\/p>\n\n\n\n

Let’s explore them in detail.<\/p>\n\n\n\n

(Related: eToro Review: Pros, Cons, Fees & Ugly Details<\/a>).<\/strong><\/p>\n\n\n\n

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Pros.<\/strong><\/h3>\n\n\n\n

eToro\u2019s main selling feature is copy trading – and no trading app in Australia can match its ease of use and sophistication. <\/p>\n\n\n\n

It saves me time by allowing me to follow investing strategies of more experienced traders.<\/p>\n\n\n\n

The brutal truth is that whenever I tried to pick stocks, I’d lose money – almost every time.<\/span><\/div><\/div>\n\n\n\n

I’d spend hours poring over Morningstar’s tips, earnings reports and Fibonacci retracements – then watch the candlesticks go the wrong way, anyway.<\/p>\n\n\n\n

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Above: Choosing a trader to copy on eToro. Notice the \u2018Portfolio Risk\u2019 score and performance history – both monthly and versus the S&P500. But remember – past results don’t guarantee future returns.<\/em><\/p>\n\n\n\n

Copy trading changed that dynamic.<\/p>\n\n\n\n

It allowed me to invest time in building my businesses (something I’m apparently relatively good at) – instead of pretending I’m good at fundamental and technical analysis.<\/p>\n\n\n\n

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Did You Know?<\/h3><\/div>

eToro offers massive incentives to experienced traders for allowing other users to copy their positions. <\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

I followed other traders and used the platform\u2019s copy trading tools to mirror their activity. Their trades were then replicated automatically in my portfolio.<\/p>\n\n\n\n

The friendly learning curve helped, too.<\/p>\n\n\n\n

I’ve already alluded to eToro’s usability, so I won’t harp on about it. The mobile trading app is crisp, clean and easy to wrap your head around. <\/p>\n\n\n\n

It has the same features as eToro’s desktop app (which is also easy to use). It’s certainly the easiest-to-use platform on this list.<\/p>\n\n\n\n

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Important!<\/strong><\/h3><\/div>

eToro offers over 3000 tradable instruments across 17 global exchanges, including equities, ETFs, cryptocurrencies, currencies, indices, commodities and crypto. CDFs are also available on most of these.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

By the way, eToro supports fractional shares. <\/p>\n\n\n\n

This makes traditionally “expensive” stocks like Tesla and Berkshire Hathaway Class B – currently priced at about US$351 and US$499 respectively – more accessible.<\/p>\n\n\n\n

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Above: eToro’s trading interface is a sweet spot of power and ease of use. You get access to stop losses, leverage and outside-of-hours trading.<\/em><\/p>\n\n\n\n

But the biggest surprise is a live<\/em> Level 1 data feed, using a prop feed from NASDAQ Basic. For free.<\/p>\n\n\n\n

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Did You Know?<\/h3><\/div>

Most trading apps provide a Level 1 feed (which shows top-of-book market data and recent trade volume). But it’s rarely live. Selfwealth, for example, delays data by 20 minutes – unless you pay for Selfwealth Premium.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

ETFs are commission-free on the eToro app. Share trading, however, is priced differently depending on the market:<\/p>\n\n\n\n