If you're planning to start trading on the Australian Market, you're going to need to make sure you find a broker that's reliable and trustworthy. There are so many options available out there, however, that it can be hard to decide which one's right for you. Here's some advice to help you choose the best.
CMC Markets Invest
CMC Markets Invest Broker Australian Platform provides investors with a variety of financial instruments. In fact, the broker offers more than nine thousand different tradable assets.
CMC Markets Invest platform allows for professional trading, with access to advanced risk analysis tools. There are also educational resources for beginners, such as tutorial videos, webinars, and trading guides. The broker also offers a free demo account.
For an even more advanced experience, traders can open an Invest Pro account. This requires a monthly subscription. With the platform, clients have access to advanced charting features, options risk analysis tools, and more.
Interactive Brokers
Interactive Brokers Australia offers low fees and a wide range of order types. This makes it ideal for experienced traders who are looking for a diversified portfolio.
The platform is available as a web-based and mobile application. Users can invest in equities, options, and futures from around the world. They can also rent shares to generate passive income.
As one of the most popular discount brokers in the world, Interactive Brokers offers low-cost trading and a wide array of assets to choose from. In addition, the company is regulated by several financial authorities, including the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the Commodity Futures Trading Commission.
Swissquote
If you want to be a successful trader, you need to choose the right trading platform. The Swissquote Broker is one of the most trusted intermediaries in the market. You can use its advanced charting tools, hedging and Robo-advisory services, and access advanced trading techniques.
Swissquote offers four account types. You can choose between the Standard, Prime, Premium, and Professional accounts. Each of these types have different minimum deposit requirements. Traders who choose the Standard or Premium accounts need to make at least $1,000.
Swissquote is a regulated broker. This enables traders to feel safe, as the company is regulated by the Securities Futures Commission (SFC), the Monetary Authority of Singapore, the Financial Conduct Authority (FCA), and the UK's Financial Services Authority (FSA).
Trading hours for Swissquote vary, depending on the type of investment product. They are Monday to Thursday, 12 AM to 12 PM. However, they differ for other assets.
XM Global Webtrade
XM Global Webtrade Broker Australian Platform offers a range of trading services. They provide customers with access to over 55 forex pairs, including the EURUSD, USDCHF, GBPUSD, USDJPY, and many more. In addition to this, they offer CFDs, precious metals, and a wide selection of futures and options.
As a global broker, XM is accessible to customers in 190 countries. It also has a solid reputation in the trading community. This brokerage has a good variety of educational tools and free webinars.
The XM platform is suitable for any device. It offers a live market analysis and educational tools to help you make informed trading decisions.
Pepperstone
Pepperstone has been named one of the world's best Forex brokers. It offers trading in commodities, indices, and CFDs. Founded in 2010, Pepperstone has become known for its super fast execution and a streamlined, user-friendly platform.
Pepperstone's cTrader platform has over 70 technical indicators. The platform allows traders to set up watch lists, attach stop loss and take profit orders, analyze charts, and automate trading.
In addition to its cTrader, Pepperstone has a number of proprietary apps that make it stand out from the crowd. These include the Autochartist program, which generates trade ideas based on technical analysis patterns.
Blueberry Markets
Blueberry Markets is an Australian based forex broker that offers a wide range of trading instruments. It also provides industry analysis and market news.
The Australian based company has a good reputation in the online trading community. It is regulated by the Australian Securities and Investments Commission.
Blueberry Markets has a high number of positive user reviews. They offer industry leading technology solutions and have a great customer support team. In addition, they are one of the best ECN brokers in the market.
The broker has two different account types, Direct and Standard. There is a small processing fee for non-Australian clients.
Tiger Brokers
Tiger Brokers is one of the best online share trading platforms. It provides traders access to the international stock markets and ETFs. The platform also offers pre-market and post-market trading.
Tiger Brokers is a financial services provider licensed in Australia and Singapore. They offer services for Australians and a variety of other foreign investors.
Tiger Brokers offers a free trading account for three months. In addition, they also offer a $10 stock voucher. Aside from that, the broker also offers a virtual fund that lets users practice trading.