There are a variety of different options for people to purchase shares across Australia. The most common way to buy shares is through an online broker or a share trading platform. These platforms allow users to easily buy and sell a large variety of shares both domestically and internationally.
The most recommended share trading platforms in 2023 are:
CMC Markets: CMC Markets provides Australian traders with a large selection of offerings, with outstanding pricing and a next generation trading platform It is crammed with cutting-edge trading tools and charting through its offices, which are regulated in important global financial cities. For the previous eight years, CMC Markets has been named Canstar’s Broker of the Year.
IG Markets: IG is a broker that was established in 1974. Regarded as one of the most reliable in the world, it provides Australian investors with low-cost share trading, along with first-rate trading tools, research, tutorial videos and access to more than 8000 foreign share CFDs.
CommSec: CommSec is one of Australia’s biggest online brokers. It offers access to 25 international markets for trading. Although CommSec’s share trading costs are high, it provides traders with a wide range of trading tools and market analysis.
Westpac: For Australians, Westpac is a more expensive option. However, the broker offers access to 30 foreign exchanges in addition to providing free reports, a stock screener, stock recommendations, charting features, and the choice of more in-depth paid research from Morningstar.
Nabtrade: Investors can trade domestically and internationally at competitive pricing with Nabtrade. Nabtrade also provides customisable charting, independent research from four separate firms, real-time streaming, corporate stock and research, a global scanning tool, and other features.
In addition to the above recommendations, there are many other options available that may better suit your individual needs, so it’s important to do your research and find the option that works best for you. For example, most banks provide a form of share trading options, which may offer a more suitable option for many people.