Australia

Best Online Investment Services in Australia (Lowest Fees!)

Stop paying $20 per trade. I compare the best online share trading platforms in Australia for ASX, US shares, and ETFs so you can keep your money.

Photo by Austin Distel / Unsplash

Looking for the best online share trading platform in Australia? By 'best' I mean the lowest cost to you as an investor. Different brokers charge various fees on the ASX and US markets for shares and ETFs. Therefore, I've highlighted the best stock broker in Australia for each of these four categories. To help you navigate, I've ranked the low cost online brokers in Australia across four main categories. If you are looking for the best platform for buying ETFs in Australia, you will want to avoid platforms with high brokerage or hidden FX fees.

Best for U.S. Shares

Service	% fees*
Interactive Brokers	$1000 - 0.14% $2000 - 0.07% $3000 - 0.05% $5000 - 0.03% $10000 - 0.03% $50000 - 0.03%

*Percentage costs take into account brokerage AND foreign currency (FX) conversion fees

Best for Australian shares (ASX)

Service	% fees
Betashares Direct*	0%

*300+ Australian shares

Best for Australian based (ASX) ETFs

Service	% fees
Betashares Direct	0%
Webull	0%

Best for U.S. based ETFs

Service	% fees
Webull	0%

Worst for U.S. Shares

Superhero has earned a rip-off award here for their totally overpriced foreign exchange fee when converting from AUD to USD

Service	% FX fees	Cost for $1000 AUD
SuperHero	0.93%	$9 AUD

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I've based my recommendations on the excellent data gathered by Passive Investing Australia. However Passive Investing Australia in no way endorses my recommendations and I am not affiliated in any way.

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Webull referral link: Deposit AUD$2,000 or more and I get up to AUD$200 in Tesla shares and you also get up to AUD$200 of Tesla shares.

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