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Author: Marilyn Powell
Financial Analyst
Marilyn Powell

Australian Stock Trading

Blessed with not only one of the biggest stock exchanges in the eastern hemisphere, Australian stock traders are also very well looked after by of the most stringent financial regulatory authorities in the world. You can do no better than signing up with either a homegrown stockbroker or one which has a land-based presence in your country and complies with ASIC (Australian Securities and Investments Commission) regulations.

Naturally, there is a great deal of competitiveness between regulated Australian stockbrokers, so you are in a very favourable position where you can choose the one that best suits your trading needs and strategies. All you need to do is read through our in-depth broker reviews to create yourself a shortlist and then select the one that best matches with your needs.

It is always a good feeling to know that you can carry out your trading activities secure in the knowledge that your investment fund is safe and that you have the full protection of a powerful licensing body behind you. We are confident that we can help you to achieve that goal, thanks to our experienced team, who spend their time reviewing and testing numerous stockbrokers, recommending only the cream of the crop.

Top Rated Stocks Sites

#1 - Pocket Option: Best Overall

Pocket Option Logo
9.8
Superb
Bonus Up-to $2000 Assets 130+
Min. Trade $1 *Payout % 92.76%
Over 130+ assets to trade now
Instant access to social trading
Single account option, for everyone
Tournament with prize of $50,000
IFMRRC is not an official regulator
Limited account funding methods
Deposit Methods
Visa Bitcoin Klarna Skrill
123 visited this site today
Pocket Option Review

Editors Summary

Pocket Option offers many excellent features to new and existing traders. When you check-out the various account types, you will see that they work with traders of any level – newbie, beginner, experienced, master etc. This site is so easy to use, and while CySEC does not license them, they have good feedback online and tick all of the boxes of a trusted broker. We love the ease of use and no-frills approach which is replicated with a great user experience.

#2 - Binarycent: Best Free Demo

Binarycent Logo
9.3
Excellent
Bonus Up-to $1600 Assets 150+
Min. Trade $1 *Payout % 91.48%
Over 150+ assets to trade now
Bespoke platform for PC and mobile
Low min deposit of $0.10 per trade
Great support in multiple languages
Platform not suited to pro traders
No free demo account option
Deposit Methods
Visa Klarna PayPal Neteller
82 visited this site today
Binarycent Review

Editors Summary

Binarycent, while a relatively new broker, tick all of the boxes when it comes to trading. They are competitive and offer all of the things that you would expect. Benefits include an excellent mobile trading platform, welcome and deposit bonuses and a good support system. There are phone numbers available in many languages, alternatively, you can send a message with your details, and someone will get back to you.

#3 - Raceoption: Best Mobile App

Raceoption Logo
9.1
Very Good
Bonus Up-to $1000 Assets 140+
Min. Trade $1 *Payout % 89.72%
Over 140+ assets to trade now
Account options for every trader
Trading available 7 days a week
Super-fast 1 day withdrawals
Demo account requires $250 deposit
UK-based, but licensed offshore
Deposit Methods
Visa AMEX MasterCard Skrill
37 visited this site today
Raceoption Review

Editors Summary

It is clear to see that Raceoption mean business and that their all-around offering to traders is making them a serious competitor in the binary options market place. From their easy to use trading platform to the fact that they offer such good withdrawal terms, you can't help but feel that this broker is going to experience a lot of growth, quickly. With a base in London, reputable licensing, an acceptance of US customers they tick all the boxes when it comes what traders want.

Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Stocks Sites in Australia

Australia

Many Australian stock traders feel little need to go beyond the realms of the Australian Stock Exchange (ASX) to make an investment they are happy with. However, if you are little more intent on diversity, then there is no shortage of opportunities for that too. Read on for a few things we think you might be interested in:

Mobile Trading

Some retail stock traders are happy to operate from their home-based office environment, but there is a whole new generation of stock traders that want their freedom. In recognition of this fact, almost all stockbrokers now offer mobile trading opportunities and have invested in the technologies to make that happen. Most mobile-optimised trading platforms and phone apps require a relatively high-functioning device, plus a robust Wi-Fi connection, then all you need to do is install the software.

Deals And Incentives

Australian stockbrokers are not permitted to advertise their investment services using any form of monetary enticement, but that does not mean that there are not advantages to some brokers over others. Incentives offered to loyal traders are usually in the form of free trades, account upgrades, brokerage fee reductions or complimentary software add-ons for your trading platform. In some way or another, you are sure to benefit, albeit in the longer term.

Diverse Asset Types

Not surprisingly, most Australian stockbrokers have an emphasis on ASX derived assets and if you are content with those, you will find some great deals. However, if you fancy a more global approach to your stock trading, you are likely to pay additional fees. The alternative is an ASIC-regulated global broker, who can offer a much better selection if you are seeking stocks on alternative stock exchanges.

Good Customer Support

Never undervalue the benefit of excellent customer service and by that, we mean the overall support offered to you by a broker throughout the entirety of your trading experience. Customer support is a subject dear to our hearts and we pay great attention to this aspect of a stockbroker’s operation when we compile our reviews and decide which brokers to recommend.

Broker Fees And Tax

Todays Top Traders
Trader Broker Asset Profit

You will find that stockbrokers charge fees in several different ways, but in any event a percentage of your profit will go in that direction. There are also different ways you can operate your brokerage account, with a full-service option being the most costly (around 10% of your total investment per annum) but needing the least personal input and time.

Most retail stock traders tend to take a more ‘hands-on’ approach and opt for either a discounted or ‘free’ brokerage service. In reality, this means your trades will cost as little as 0%, but pay other fees to your broker for other services including administration, deposit/withdrawal of funds, currency exchange and subscription services for the signals or indicators you add to your platform.

The Australian Taxation Office (ATO) is Australia’s official revenue collection authority and under its regulation stock traders are liable to pay tax on their profits. You will need to review the current laws, but at the time of writing, trading profits are considered a part of your income, so Income Tax is applicable on a sliding scale basis. In certain circumstances, the sale of stock can also attract liability for Capital Gains Tax.

Australian Licencing

Australian stock traders enjoy the excellent regulatory control implemented by the Australian Securities and Investments Commission. ASIC, as it is usually known, is a government department which has full authority over all matters relating to corporate regulation as well as the enforcement of company and financial laws. Also tasked are taking measures to protect investors, creditors and other consumers.

ASIC reports directly to the Treasurer and administers legislation relating to these Acts:

  • Corporations Act (2001)
  • Insurance Act (1984)
  • National Consumer Credit Protection Act (2009)

As an Australian citizen, you are legally free to select any stockbroker you want. However, the security of your investment is inevitably more vulnerable when using a brokerage licensed outside of the ASIC umbrella. It is an easy task to confirm a broker’s credentials by checking the ASIC licensing information displayed on the broker’s website.

Australian stock traders enjoy the excellent regulatory control implemented by the Australian Securities and Investments Commission.

How we Recommend Brokers

Our panel of experts scrutinises every stockbroker in detail, using multiple aspects of the operation as a whole. We make our broker reviews as easy to use as possible, with the results broken down into sections, covering what we feel are the aspects of a broker’s business that are the most crucial to anyone involved in stock trading. That way, you can either read the entire review or jump straight to the topic that interests you the most.

For Australian stock traders, we highly recommend brokers who are under the jurisdiction of ASIC. The licensing they already hold makes them a suitable choice, but we go a little further and check that their performance under regulation is exemplary too. Not only are the brokers we recommend entirely safe, but they also offer the best asset choices and incentives for Australian citizens.

The broker’s platform is another important aspect we review. Because of the impact of mobile accessibility, we check carefully that the provision made by each broker enjoys full functionality and is available for the majority of devices. We also like to see a high standard of customer support, ideally with at least one immediate method of contact, either by live chat or a free-to-call phone line; you never know when you may need to make use of it.

Our Review Rating System (More Info)

10% 10% 10% 15% 15% 20% 20% Pie Core
  • Account Types
  • Banking & Payouts
  • Bonuses & Promotions
  • Mobile Trading
  • Trade Types
  • Special Features
  • Customer Support
Expert Reviews

Frequently Asked Questions

FAQ

Is stock trading in Australia legal and safe?

Stock trading is most undoubtedly legal in Australia and your investment will remain safest when you choose an ASIC-licensed stockbroker to sign up for an account.

Do I need to pay fees and taxes on my profits?

You will pay some fees for your broker’s services, which are either commission-based or fixed. You will also be liable to pay either Income or Capital Gains Tax on your stock trading profits, so make sure you keep accurate accounts.

Can I test brokers before trading with real money?

While there is an increasing number of stockbrokers who see the benefit of providing this service to clients, you may still find that there is either a time or asset limit applied to demos.

Is it easy to make deposits and withdrawals?

It is usually a straightforward procedure, but due to the nature of this type of investment, deposits are often only accepted using electronic transfer of funds from a pre-verified bank account, with withdrawals only available to the same source.

Can I trade using my mobile or tablet device?

Almost every broker now offers mobile accessibility for stock traders. However, the quality of mobile platforms does vary. Always something to look at carefully if this is a subject that is particularly important to you.

Top Rated Stocks Site

#1 - Pocket Option: Best Overall

Pocket Option Logo
9.8
Superb
Bonus Up-to $2000 Assets 130+
Min. Trade $1 *Payout % 92.76%
Over 130+ assets to trade now
Instant access to social trading
Single account option, for everyone
Tournament with prize of $50,000
IFMRRC is not an official regulator
Limited account funding methods
Deposit Methods
Visa AMEX Bitcoin Neteller
148 visited this site today
Pocket Option Review
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Meet The Author
Marilyn Powell
Marilyn Powell
Financial Analyst

Marilyn won’t mind us saying she’s our resident geek. She spends most of her time recommending various investments to her clients based on their financial goals and how risky an investment strategy they are interested in undertaking.

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