{"id":97294,"date":"2023-11-16T20:17:19","date_gmt":"2023-11-16T20:17:19","guid":{"rendered":"https:\/\/arielle.com.au\/?post_type=review&p=97294"},"modified":"2026-01-22T09:07:07","modified_gmt":"2026-01-22T09:07:07","slug":"cheapest-stock-broker-australia","status":"publish","type":"review","link":"https:\/\/arielle.com.au\/cheapest-stock-broker-australia\/","title":{"rendered":"7 Cheapest Stock Brokers In Australia For 2026 [Shocking]"},"content":{"rendered":"\n
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With the Australian economy buffeted by inflationary headwinds and rising interest rates, few of us have mountains of investable cash left over at the end of each month. <\/p>\n\n\n\n

But the 125% surge by the Magnificent Seven stocks (Meta, Microsoft, Alphabet, Amazon, Apple, Tesla and Nvidia) in the last 12 months demonstrates that even modest sums, invested well, can deliver meaningful returns during economic uncertainty.<\/p>\n\n\n\n

Investment apps help you take advantage of opportunities by giving you easy access to the stock market from your pocket.<\/span><\/div><\/div>\n\n\n\n

Remember that investing small amounts can eat away disproportional amounts of capital through flagfall brokerage fees. <\/p>\n\n\n\n

A $10 per side fee might not seem excessive, but if I invest $250 monthly, I’ll pay $120 in fees annually, or 4%.<\/span><\/div><\/div>\n\n\n\n

By the time I factor in the rampant CPI and the opportunity cost of my personal time, my shares must appreciate by at least 10% before I break even.<\/p>\n\n\n\n

I’ve picked the best discount investing apps in Australia to help you navigate this minefield. <\/p>\n\n\n\n

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1. Interactive Brokers<\/a>.<\/strong><\/h2>\n\n\n\n

Best low-cost brokerage in Australia<\/strong><\/h3>\n\n\n\n
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Interactive Brokers<\/a> is one of the most established discount stock brokers in the world. <\/p>\n\n\n\n

Regulated in Australia by ASIC and known for its huge market access and low commissions, Interactive Brokers is a comprehensive multi-asset brokerage that gives you access to over 150 markets from a single trading account.<\/p>\n\n\n\n

Unlike other cheap brokerages in this review, Interactive Brokers gives you access to stocks, forex, bonds, funds, indices, bonds and futures.<\/span><\/div><\/div>\n\n\n\n
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Pros.<\/strong><\/h3>\n\n\n\n

Interactive Brokers<\/a> is the Swiss Army knife of brokerages. <\/p>\n\n\n\n

The platform gives you access to a mind-boggling range of assets, including 17,500 stocks, 46,000 mutual funds, hundreds of ETFs, 24 currencies and over 100 trading pairs.<\/p>\n\n\n\n

(Related: 19 Highest-Performing ETFs In Australia<\/a>).<\/strong><\/p>\n\n\n\n

If you want to buy an asset, you’ll almost certainly find it on Interactive Brokers. <\/p>\n\n\n\n

This abundance of options can become a distraction, but knowing that your broker sells everything you might ever want is also a relief.<\/p>\n\n\n\n

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

If you’ve ever discovered that you must open and maintain a separate trading account to buy a non-mainstream ETF, you’ll know exactly what I mean.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

The Swiss Army knife analogy continues with Interactive Brokers’ comprehensive range of fundamental analysis reports.<\/p>\n\n\n\n

You get Morningstar ratings, technical research tools, market commentaries, economic calendars and calculators. <\/p>\n\n\n\n

Professional-grade reporting tools are equally outstanding.<\/span><\/div><\/div>\n\n\n\n

Comprehensive fee summaries, trade logs and searchable portfolio performance reports give you a bird’s eye view of your trading strategy and provide opportunities to course-correct.<\/p>\n\n\n\n

This avalanche of information can sometimes be overwhelming, and you must develop the skill of filtering it to pull out the most relevant insights.<\/span><\/div><\/div>\n\n\n\n

But let’s talk about the most important feature – the discount broker’s rock-bottom pricing. <\/p>\n\n\n\n

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

Zero monthly inactivity fees and low commissions make Interactive Brokers great for defensive buy-and-hold investors seeking to build diversified portfolios.<\/p><\/div><\/div><\/div><\/div><\/div>\n\n\n\n

You get a choice of fixed and tiered pricing. <\/p>\n\n\n\n

Mortals who buy $500-$10,000 worth of shares will pay 0.00088 x trade volume with a $6 minimum. <\/p>\n\n\n\n

In practical terms, it means all trades up to about $7,000 will cost $6 per side. Beyond that, the volume calculation takes over:<\/p>\n\n\n\n