Online Trading Platforms can be overwhelming for first time traders. There are hundreds of different platforms to choose from and you need to pick the best platform to suit your trading style. Trading online is a relatively easy way to make money and it’s not hard to get started. But with so many options it’s hard to know which is the best online trading platform australia.
There are many trading tools and platforms to choose from in Australia and it can be difficult to know which one is best for you. From live trading rooms to spread betting and CFD trading, this comprehensive guide will take you through the very best in the country.
IC Markets
IC Markets is the best stockbroker in Australia. It offers a commission-free trading platform and the best execution speeds, with spreads starting from 0.1 pips. The user-friendly interface allows you to trade easily on your computer or mobile device.
IC Markets is a trading platform, with a focus on the international financial markets. It provides access to the world’s major stock and futures exchanges, with advanced tools, detailed charting and market analysis.
IC Markets are your one-stop shop for all your automated trading needs. The IC Markets proprietary AI-enabled trading engine offers you the best of both worlds – the speed and liquidity offered by ECN, along with low commissions, tight spreads and fast execution times at a very competitive pricing model. The IC Markets platform is powered by Equinix NY4 – one of the largest financial exchanges in the world.
It has different tools it offers professionals and traders such as PAMM, MAM, and VPS (DMA) to help them conduct trading activities much simpler. IC Markets provides a seamless platform that allows traders to benefit from competitive pricing and worldwide liquidity on MT4, MT5, MTWeb Trader and CTrader.. It has three account types which include Standard Account, Quick Start Accounts with multiple restrictions like not enabling leverage or margin trading, and Raw accounts (MT4). Commission amounts would vary based on what account type you selected since each one comes with varying features – Standard Accounts come with low commission amounts while basic features like the ability to use margin lending are disabled but the other two types don’t have these constraints enabled. The IC Markets Review from Traders Union showed that its customers found it to have the best trading conditions.
Interactive Brokers Australia
When it comes to forex and CFDs (contracts for difference), you need an experienced broker that can offer you the best prices in the market. That’s why Interactive Brokers Australia is here, to help you trade in forex, shares, futures, commodities and indices quickly and efficiently, with the highest levels of personalised customer service.
Interactive Brokers Australia has three separate advantages over other online stock brokerages. Firstly, it is the cheapest for trading shares and ETFs, secondly, it offers tax-free accounts for Australian investors, and thirdly its brokerage fees on options trades are more affordable compared to any other online broker. As compared to its main rival CMC Markets, Interactive Brokers Australia has up to 53% lower commissions on stocks and ETFs. Moreover, Interactive Brokers Australia also has a unique feature of offering an account where there is a 0% commission on stock transactions and periodic interest is paid by the company on the balance held in the account.
eToro
eToro is a regulated brokerage firm based in Sydney, New South Wales, Australia that offers both web-based and mobile trading platforms for retail traders. The minimum deposit amount to begin trading on eToro’s platform is $200. Shortly after opening your account, you’ll be able to invest with as little as $50. As an added bonus, customers of eToro will receive daily market outlooks and weekly educational webinars that help traders learn to identify trends in the market and make profitable trades accordingly. We encourage all Australian traders to register their accounts on eToro today – what are you waiting for? At eToro you can trade stocks and ETFs without being charged commission.
IG Markets
IG Markets is a brokerage platform that offers quality facilities for the benefit of both professional and novice traders. IG markets are an excellent solution for those who want unmatched trading opportunities. The demo account provided by IG Markets gives a trading experience to newbies. Through IG markets one can trade on ASX with stocks, currencies and futures.
However, the only downside is that it could take you a while before you will get to develop advanced tactics because there are not as many tools that can help In the long term, small tweaks to your marketing strategy can help it keep pace with the market trends and stay fresh. If you’re rather just looking for a platform that deals with online stock trading options or options trading then IG Markets should be able to show you where they fit in and why they feel they can improve your form of marketing regardless of what kinds of stocks or shares you’d like to trade.
