8 Best Stock Trading App in Australia for Beginners (2025 Guide)
1. Introduction
If you're searching for the best stock trading app in Australia for beginners, this guide will help you make an informed decision. Investing in the stock market can be overwhelming for beginners, but choosing the right trading app simplifies the process. Also it is important to first learn Understanding the Basics of the Stock Market for Beginners. and obtain maximum amount of knowledge before rushing to buy stocks and it will save you from making loss making mistakes.
A good stock trading app should have low fees, an intuitive interface, strong security, and access to the Australian Securities Exchange (ASX). Some platforms also provide access to global markets, offering more investment opportunities.
This guide compares the best stock trading apps in Australia for beginners in 2025. Whether you are looking for social trading, low-cost ASX investing, or a beginner-friendly interface, this comparison will help you choose the best option.
2. eToro – Best for Social Trading
Why It’s the Best Stock Trading App for Beginners
eToro is one of the best stock trading apps for beginners in Australia because of its social trading and copy trading features. These allow users to automatically copy the trades of experienced investors, making it easier to learn while investing.
Pros and Cons of eToro
Pros:
- User-friendly interface designed for beginners
- Copy trading allows users to follow expert investors
- Minimum deposit of $50 to start trading
- Access to US, UK, and global stocks
Cons:
- Not CHESS-sponsored, so users do not directly own ASX shares
- Higher foreign exchange fees for AUD-to-USD conversions
- Limited selection of ASX-listed stocks
Who Should Use eToro?
This platform is ideal for beginners who want to invest in global stocks and learn through copy trading.
3. SelfWealth – Best for Low Fees
Why It’s the Best Stock Trading App for Beginners
SelfWealth is a leading flat-fee stock trading platform in Australia, making it a great option for beginners who want to invest in ASX stocks without paying high commissions.
Pros and Cons of SelfWealth
Pros:
- Flat $9.50 brokerage fee per trade, no percentage-based commissions
- CHESS-sponsored, so investors own their shares directly
- No monthly fees or account-keeping costs
Cons:
- No access to international stocks, ASX-only
- Lacks advanced charting tools for technical analysis
Who Should Use SelfWealth?
This platform is ideal for ASX investors looking for low-fee, direct share ownership.
4. CommSec – Best for ASX Stock Trading
Why It’s the Best Stock Trading App for Beginners
CommSec is one of Australia’s most trusted stock trading platforms, offering a strong focus on ASX-listed stocks.
Pros and Cons of CommSec
Pros:
- Owned by Commonwealth Bank, providing a secure trading experience
- CHESS-sponsored, meaning investors own their shares directly
- CommSec Pocket allows users to invest with as little as $50
Cons:
- Higher brokerage fees compared to SelfWealth
- No copy trading features like eToro
Who Should Use CommSec?
This platform is best for beginners who want a simple ASX-focused investing app.
Best Stock Trading Apps in Australia for Beginners – Comparison Table
📊 Best Stock Trading Apps in Australia – Feature Comparison
| Feature | eToro | SelfWealth | CommSec |
|---|---|---|---|
| Best For | Social trading & global stocks | Low-fee ASX investing | ASX stock trading |
| Trading Fees | 0% commission on stocks, but FX fees apply | Flat $9.50 per ASX trade | $10-$29.95 per trade |
| CHESS-Sponsored? | No | Yes | Yes |
| Market Access | ASX, US, UK, Global Stocks | ASX Only | ASX & International Stocks |
| Minimum Deposit | $50 | No Minimum | $500 for standard, $50 for Pocket |
| Mobile App | Yes (iOS & Android) | Yes (iOS & Android) | Yes (iOS & Android) |
| Copy Trading | Yes | No | No |
| Demo Account | Yes (Virtual Trading) | No | No |
| Customer Support | Email & Live Chat | Email Support | Phone & Email Support |
| Best For Beginners? | Yes, easy interface + copy trading | Yes, simple UI & low fees | Yes, strong research tools |
How to Use the Table
- If you want social trading, eToro is the best option.
- If you want the lowest fees for ASX stocks, choose SelfWealth.
- If you prefer a full-service ASX broker with CHESS sponsorship, CommSec is ideal.
5. How to Choose the Best Stock Trading App for Beginners
To find the best stock trading app in Australia for beginners, consider these factors:
- Fees and Brokerage Costs – Choose low-cost platforms like SelfWealth to minimize trading fees.
- Stock Market Access – If you want global stocks, use eToro. For ASX stocks, SelfWealth and CommSec are better.
- User Interface and Support – eToro and CommSec offer beginner-friendly experiences.
- Minimum Deposit Requirements – CommSec Pocket allows investments with as little as $50.
6. Common Mistakes Beginners Make in Stock Trading
Many new investors using the best stock trading app in Australia for beginners make costly mistakes:
- Investing without a plan – Always have an investment strategy.
- Ignoring trading fees – High fees can eat into profits.
- Chasing "hot stocks" – Avoid hype-driven investing.
- Not diversifying – A mix of ASX and global stocks reduces risk.
- Not using stop-loss orders – Protect investments from sudden market crashes.
7. FAQs – Best Stock Trading App in Australia for Beginners
What is the best stock trading app for beginners in Australia?
The best stock trading app depends on the investor’s needs. eToro is best for global stocks, SelfWealth is best for ASX investing, and CommSec is best for ASX beginners.
Can I start trading with $50 in Australia?
Yes, CommSec Pocket allows investments with just $50.
Which trading app has the lowest fees in Australia?
SelfWealth has the lowest fees, charging a flat $9.50 per trade.
Can I buy US stocks from Australia?
Yes, eToro and SelfWealth allow trading in US stocks.
What is the best stock trading app with a demo account?
eToro offers a free demo account for beginners to practice trading.
Which is the easiest stock trading app for beginners?
CommSec Pocket and eToro have the most beginner-friendly interfaces.
8. Conclusion – Which is the Best Stock Trading App for Beginners?
Choosing the best stock trading app in Australia for beginners depends on the investor’s preferences.
- eToro is best for social trading and international stocks.
- SelfWealth is best for low-fee ASX investing.
- CommSec is best for ASX stocks and small investors.
Final Recommendation: Choose the trading app that matches your investment style and start investing in 2025.ting in 2025!
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