Which Australian Brokerage Platform Should You Choose?
When you decide to open an Australian brokerage account, you will be faced with a few different options. You can choose from SelfWealth, eToro, Pearler, and Plus500. Each one has its own advantages and disadvantages. However, it’s important to pick a broker that meets your needs and financial situation.
SelfWealth is an Australian brokerage platform that offers a low cost way to buy and sell shares, both on the ASX and US stock markets. In addition to providing a safe and easy-to-use brokerage, it also provides tools to help you manage your portfolio.
SelfWealth is a publicly listed company and holds a financial services licence in Australia. Its shares are held in your name against a holder identification number (HIN) on the CHESS registry. This ensures full asset protection and gives investors access to the Australian market.
SelfWealth offers a range of benefits, including a free Commsec account. This is used to monitor your investment portfolio and provide access to historical data.
eToro is an online brokerage platform for stocks, cryptocurrencies and CFDs that has an impressive range of financial instruments. With its wide selection of markets, industry-leading security protocols, and user-friendly interface, eToro is one of the most popular options for trading. Whether you are new to investing or a seasoned investor, eToro can help you diversify your portfolio and increase your profits.
eToro offers a free demo account, with virtual $100,000 to practice trading. If you want to start trading with real money, you will need to open an eToro account and fund it with at least $200.
eToro’s Australian operations are licensed by ASIC, which means that they have the necessary governmental and regulatory requirements. However, the platform may not be suitable for everyone.
SwissQuote is a brokerage platform that provides share trading services to brokers and high net worth individuals. This service is available in Europe and the Middle East. It is also a member of the London Stock Exchange. The broker offers clients the chance to trade a range of tradable instruments including stocks, commodities, currencies and bonds.
SwissQuote has three account types to choose from. They include a standard, prime and premium account. These accounts offer different spreads and margin requirements.
SwissQuote also offers a commission-based Elite account with custom spreads and lower margin call threshold. Another option is the Robo-advisory service, which generates a personalized investment portfolio for the user.
Tiger Brokers Australia is an online brokerage platform that caters to Australian investors. They offer low fees and a competitive sign up bonus.
Tiger Brokers offers traders the ability to trade stocks and ETFs in Australia and the U.S. Their proprietary trading platform, Tiger Trade, is a robust and advanced trading app. It features powerful charts and company fundamentals. The dashboard offers real-time market data and news updates.
Tiger Brokers also provides users with the option to fund their account from their bank account. This can be done directly through the website or by using their mobile app. Clients hold funds in a segregated bank account.
Pearler is an Australian brokerage platform that focuses on long-term, diversified investing. Its aim is to make investing easy for every Aussie.
It has a simple pricing structure, offers a competitive fee, and a unique autoinvest feature. These features make it easy for users to create and manage their own investment portfolios.
Pearler is an ASIC licensed, CHESS-sponsored platform that allows its users to buy and sell shares. Users can invest in Australian, U.S., and international stocks, as well as ETFs.
There are no minimum deposit requirements, so you can invest in shares and ETFs with no hassle. In addition, you can use the Autoinvest feature to automatically rebalance your portfolio over time. This is a feature that will prove useful to investors who purchase regular ETFs.
If you’re considering trading Forex or CFDs, Plus500 is one of the best options available. It has an excellent web-based platform and an easy-to-use mobile app. The trading app allows you to carry out trading from any location.
Aside from forex and CFDs, Plus500 also offers a number of other financial products and services. These include spread betting, index CFDs and more. You can choose between a standard and professional account.
The main difference between the two is the minimum deposit required. Plus500 requires a minimum deposit of $100. However, you can fund your account through Visa or MasterCard debit or credit cards, e-wallets, bank funds transfers and POLi.