Best Mobile Trading Apps in Australia 2021

Mobile Trading Apps in Australia
The modern trader is in constant flux, so it is crucial to find the right broker and the best trading mobile application. It will help traders follow their rhythm of life and trade on the go.

Our team of experts in the financial sector has conducted hours of research on various online trading mobile apps in Australia. We have studied every detail to share our review with you. You can check out our list of the best trading apps in Australia below.

Here are the Best Trading Apps in Australia 

Which is the Best Trading App in Australia?

Plus500

When you trade with Plus500's app, you will be using the highest-ranked trading app for both Android and iOS.

You will also gain access to some of the world's best mobile trading features and a great selection of asset classes.

What we like

Easy to use mobile software

Competitive spread

Top rated in both app stores

What we don't like

Commission on stock trading

Limited monthly transactions

Only 2,200 assets on offer

Easy to use mobile software

Competitive spread

Top rated in both app stores

Commission on stock trading

Limited monthly transactions

Only 2,200 assets on offer

Features

Fees: 0% commission, except stocks.
Demo Account: Yes
Min Deposit: £100
Assets: 2,000+
License: FCA, CySEC, ASIC, FSCA, MAS

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

16 users gave the score of 4.4/5
Total score:
star-full star-full star-full star-full star-empty

99,240 users gave the score of 4.12/5

76,4% of retail CFD accounts lose money. Plus500 has been named the best CFD provider in the UK, Spain, and Germany by the Investment Trends 2019 Leverage Trading Report in the UK and Spain. In 2018, Plus500 was named the best CFD mobile platform by the Investment Trends 2018 Australia CFD report.

Plus500 is one of the most popular and, at the same time, trustworthy trading platforms. The broker has a simple and easy-to-use trading app for Android and iOS with 10+ million installs

The broker offers users to trade leveraged CFDs on stocks, forex, options, cryptocurrencies, indices, and more. Plus500 mobile app is the best choice for commission-free CFD trading on stocks.

We also highly appreciate the Plus500 easy opening process and great customer support, which is available 24/7. They also leave a response to every user on Google Play and App Store, trying to resolve user problems as quickly as possible.

Unfortunately, many users complain about high fees to operate, as overnight funding, exchange currency, etc.

Which is the Best App for Forex Trading in Australia? 

Forex.com

Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.

Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.

What we like

Offers MT4 and an Advanced Platform

Unparalleled forex service

What we don't like

Poor selection of CFDs

Long processing times for certain withdrawals

Offers MT4 and an Advanced Platform

Unparalleled forex service

Poor selection of CFDs

Long processing times for certain withdrawals

Features

Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.

Ratings:
star-full star-full star-full star-full star-empty

Rating by our editorial team

3 users gave the score of 4.7/5
Total score:
star-full star-full star-full star-empty star-empty

1,646 users gave the score of 3.12/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

Forex.com is a global forex and CFD broker which is considered absolutely safe and reliable. The broker can boast excellent forex trading conditions. 

Low forex trading fees are one of the main broker’s advantages. Forex.com offers low trading fees and no withdrawal fee. On the other hand, the broker has an inactivity fee, and if you decide to change your chosen trading instrument, you will have to pay a high commission for CFDs on shares.

By choosing Forex.com, you get 60+ technical indicators, 50+ advanced drawing tools and 14 chart types. This is also a huge plus for achieving high accuracy when trading forex.

Which is the Best Investment App in Australia? 

CMC Markets

CMC Markets is a global trading service based in the UK but with customers and offices all around the globe.

A combination of great trading tools, tons of assets, and long experience in the industry make CMC Markets an excellent choice for most traders.

What we like

Huge selection of assets

Well-established broker

Top-notch trading platform

What we don't like

Complicated registration

High spread on stocks

Fees on many transactions

Huge selection of assets

Well-established broker

Top-notch trading platform

Complicated registration

High spread on stocks

Fees on many transactions

Features

Fees: 0 commission on FX and CFDs
Demo Account: Yes
Min Deposit: Zero
Assets: 10,000+
License: CySEC, FCA, ASIC

Ratings:
star-full star-full star-full star-full star-empty

Rating by our editorial team

5 users gave the score of 4.6/5
Total score:
star-full star-full star-full star-full star-empty

3,372 users gave the score of 3.96/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

We checked all the CMC Markets investment trading app details and have conducted that it is best for beginner and advanced investors. The broker has relatively low fees, a well-developed trading app, and helpful research and educational tools. 

Moreover, with a wide selection of instruments, you can choose a reliable asset. The broker offers you to invest in CFDs on 10000+ instruments across indices, forex, shares and more, with a competitive spread.

CMC Markets also provide a great variety of useful tools, including advanced research tools, detailed technical analysis, quick access to watchlists, market news, research and pricing. They make your investing easier and more comfortable. 

Which is the Best Trading App with a Low Minimum Deposit in Australia? 

Plus500

When you trade with Plus500's app, you will be using the highest-ranked trading app for both Android and iOS.

You will also gain access to some of the world's best mobile trading features and a great selection of asset classes.

What we like

Easy to use mobile software

Competitive spread

Top rated in both app stores

What we don't like

Commission on stock trading

Limited monthly transactions

Only 2,200 assets on offer

Easy to use mobile software

Competitive spread

Top rated in both app stores

Commission on stock trading

Limited monthly transactions

Only 2,200 assets on offer

Features

Fees: 0% commission, except stocks.
Demo Account: Yes
Min Deposit: £100
Assets: 2,000+
License: FCA, CySEC, ASIC, FSCA, MAS

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

16 users gave the score of 4.4/5
Total score:
star-full star-full star-full star-full star-empty

99,240 users gave the score of 4.12/5

76,4% of retail CFD accounts lose money. Plus500 has been named the best CFD provider in the UK, Spain, and Germany by the Investment Trends 2019 Leverage Trading Report in the UK and Spain. In 2018, Plus500 was named the best CFD mobile platform by the Investment Trends 2018 Australia CFD report.

With 430+ active users, Plus500 continues to gain the trust of more and more traders. Moreover, Plus500’s minimum deposit is one of the lowest on the market. It is only $100.

What’s more, despite the low minimum deposit, Plus500 offers traders advanced tools and features that allow them to trade the way they want. Trading tools include guaranteed stop, negative balance protection, push notifications for market events and price movements.

The best mobile trading app in Australia with a user-friendly interface and clean design gives a great advantage to the trading platform, making Plus500 the most user-friendly trading app.

Which is the Best Free Trading App in Australia?

IG Markets

IG Markets is one of the oldest and biggest online brokers in the world.

This UK-based broker has been offering trading opportunities since the early 1970s.

Still to this day, IG Markets keeps trail blazing the industry and setting the standard for all other online brokers.

What we like

Real stock trading of the exchanges

Huge selection of international stocks.

What we don't like

High minimum deposit.

Commission on spread betting and CFD stock trading.

Real stock trading of the exchanges

Huge selection of international stocks.

High minimum deposit.

Commission on spread betting and CFD stock trading.

Features

Fees: Low spread & commission.
Demo Account: Yes
Min Deposit: £300
Deposit Options: Visa, Mastercard, PayPal, Bank Transfer
Assets: 10,000+
License: FCA, ASIC, CFTC, MAS

Ratings:
star-full star-full star-full star-full star-empty

Rating by our editorial team

9 users gave the score of 4.7/5
Total score:
star-full star-full star-full star-full star-empty

32,289 users gave the score of 3.96/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

If your goal is to try free trading, IG Markets is the best choice for you. The broker offers the most user-friendly trading app in Australia with a clean design and intuitive interface to trade free.

IG Markets provides a demo account specifically for users who want to see the qualities and try the trading app’s tools without losing money. This is a convenient, risk-free way to trade virtual funds, which provides the best conditions.

You will have 10,000+ shares, ETFs & investment trusts, useful educational tools, multiple alerts and trade/deal notifications, and more. This will allow beginners to explore the world of trading and advanced users to appreciate IG Markets tools at no extra cost.

Which is the Best Stock Trading App for Beginners in Australia? 

eToro

No online broker does copy trading like eToro.

You can choose to trade on your own or copy other traders, and the social trading network is the perfect place to share experiences and learn new skills from other traders from all over the world.

What we like

Copy trading for convenience.

Fantastic app that runs smoothly on Android and iOS.

What we don't like

Commission of CFD stocks.

High minimum deposit

Copy trading for convenience.

Fantastic app that runs smoothly on Android and iOS.

Commission of CFD stocks.

High minimum deposit

Features

Fees: 0% commission on stocks, although not on stock CFDs.
Demo Account: Yes
Min Deposit: £200
Assets: Hundreds of stocks.
Deposit Options: Credit/Debit Cards, Skrill, Neteller, PayPal, Wire, Rapid Transfer
License: FCA, CySEC, ASIC

Ratings:
star-full star-full star-full star-full star-full

Rating by our editorial team

14 users gave the score of 4.6/5
Total score:
star-full star-full star-full star-full star-empty

95,917 users gave the score of 4.02/5

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro is a well-known Israeli social trading broker, which offers the best trading app for beginners in Australia. The broker is absolutely safe, as it has an Australian license and is strictly regulated by the UK and main Australian regulators.

eToro is known for its Copy Trading, which allows copying the strategies of other traders. It’s a great feature for new traders as they can follow and copy other traders’ trading. It will also help you to understand trading and analyse the market better. 

Besides, eToro offers beginners a convenient demo account, which is an excellent field for in-depth study of trading. You can trade virtual funds without fear of losing money and practice your skills using all available eToro trading tools.

Which is the Best Trading App for Android in Australia?

AvaTrade

AvaTrade represents the top tier of online brokers.

With a combination of their own software and third-party platforms, you'll gain access to some of the best trading services and features.

What we like

Easily integrated trading robots

Commission-free trading

What we don't like

A limited selection of assets

Rather high spread on certain assets

Easily integrated trading robots

Commission-free trading

A limited selection of assets

Rather high spread on certain assets

Features

Fees: 0% commission but spread on each trade
Demo Account: Yes
Min Deposit: £100
Deposit Options: Debit & Credit Cards, Skrill, Neteller, Webmoney
Assets: 1,000 assets
License: Central Bank of Ireland, ASIC, FSCA, FSA

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

4 users gave the score of 4.8/5
Total score:
star-full star-full star-full star-full star-half

10,713 users gave the score of 4.6/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

AvaTrade is a broker with a long history that has been offering CFD and forex trading since 2006. The broker has a good reputation and is considered one of the most trustworthy ones in Australia.

AvaTrade is renowned for its variety of trading platforms, including the popular MT4, MT5, and the user-friendly Android trading app – AvaTrade GO.

The application has a relatively high rating on Google Play and a lot of positive reviews. We’ve noticed that Android users most often praise the speed of loading, intuitive design, the analysis view, and the fast bonus removals calculator function. Although some customers also claim that it is sometimes challenging to log in.

In any case, the trading application is constantly updated and listens to its customers’ wishes, fixing bugs.

Which is the Best Trading App for iOS in Australia? 

CMC Markets

CMC Markets is a global trading service based in the UK but with customers and offices all around the globe.

A combination of great trading tools, tons of assets, and long experience in the industry make CMC Markets an excellent choice for most traders.

What we like

Huge selection of assets

Well-established broker

Top-notch trading platform

What we don't like

Complicated registration

High spread on stocks

Fees on many transactions

Huge selection of assets

Well-established broker

Top-notch trading platform

Complicated registration

High spread on stocks

Fees on many transactions

Features

Fees: 0 commission on FX and CFDs
Demo Account: Yes
Min Deposit: Zero
Assets: 10,000+
License: CySEC, FCA, ASIC

Ratings:
star-full star-full star-full star-full star-empty

Rating by our editorial team

5 users gave the score of 4.6/5
Total score:
star-full star-full star-full star-full star-empty

3,372 users gave the score of 3.96/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

CMC Markets is a UK-based financial services company known not only in the country of origin but also far beyond its borders. The CMC Markets trading app is the best for Apple users.

Our specialists were glad to see a lot of positive reviews at the App Store. When testing the mobile trading application, we found high loading speed and a user-friendly interface. Although, some users note that the updated account bar is too small.

The broker offers many useful features that work great on both mobile devices and iPads. We can also rate the CMC Markets app as very fast and accurate.

Guide for Traders in Australia 

Trading is a profitable craft for many traders. In many countries, including Australia, trading is an entirely legal and safe way of earning money.

Moreover, Australia offers a wide range of licensed local brokers and international ones regulated by the main Australian regulator – the Australian Securities and Investment Commission (ASIC).

ASIC is a very strict regulatory body, which allows creating the safest trading conditions for both brokers and local traders. We only recommend licensed and highly regulated trading platforms in our guides, as we care about our readers’ safety.

How to Choose the Best Trading App 

Many beginners and even experienced traders are faced with the problem of choosing a good broker. It can be challenging to select from the many Australian and international trading platforms. Therefore, we advise you to pay special attention to the following points when choosing a broker:

  1. Security and licence

This is exactly what the BullMarketz team prioritises and recommends you do. Only regulated brokers provide safe trading guarantees and are not scammers. A licence is a guarantor not to be deceived.

  1. Demo account

We are of the “trust but verify” opinion. Of course, you can study trading guides, professional brokers’, and regular users’ reviews. We recommend you check on your own how good the trading platform is and the tools it offers. A demo account allows you to check all the details of interest without risk.

  1. What are you trading?

It is crucial to identify the instruments for your trading before choosing a trading platform. Not every platform can offer you a wide variety of assets, especially if it’s rare. Therefore, it is better to choose a trading instrument first, and then be sure to check whether the broker you are interested in offers trading with this instrument.

Of course, you should also consider how convenient it is for you to use the trading platform, whether the broker offers a mobile app if you need it, and trading tools for maximum trading efficiency.

FAQs

Trading Apps in Australia 2021

Is day trading legal in Australia?

Trading is entirely legal and safe throughout Australia. Australians need to pay attention to the broker’s licence. If the trading platform is regulated by the Australian Securities and Investment Commission (ASIC), you can use their services with confidence.

How do I start trading in Australia?

To start trading in Australia, you need to follow six simple steps:

1. Study the markets to trade.

2. Select a broker. You can use a demo account to test the tools.

3. Open an account.

4. Choose a trading strategy.

5. Fund your account.

6. Start trading.

Don’t forget that to trade successfully. You need to learn to trade and develop your trading skills constantly.

How can I trade online in Australia?

Trading online in Australia is as easy as two and two together. To do this, you need to choose a licensed online broker with the best trading conditions, register a trading account, make a deposit and start trading.

Remember that trading is always risky, so you need to learn how to trade and constantly develop your skills.

Is Robinhood app available in Australia?

Unfortunately, Robinhood does not have access to the Australian trading market. Perhaps, the broker will expand its activities and be available to Australians in the coming years.

If you are looking for the best Australian trading apps with competitive fees, we can recommend Forex.com and CMC Markets.

Can I trade with $1 in Australia?

Of course, you can start trading with $1 in Australia. The question is how profitable such trade will be. You should consider that most licensed brokers in Australia have a minimum deposit of $100 or more, which makes trading safe, and many of them have additional fees.

Is Raiz a good investment app?

Raiz is an excellent local Australian brokerage company. They are a good platform to start investing, but they are more suitable for beginners. The trading app is simple and easy to understand, but more experienced investors find Raiz missing advanced trading tools.

Can I buy shares today and sell tomorrow?

It all depends on the trading strategy you have chosen. Day traders usually buy and sell stocks within one day. Retail investors cannot do this, so they often buy shares today and sell the next day.

Conclusion

We’ve done in-depth research on the most sought-after and popular trading platforms to share our detailed review and recommend only the best brokers in Australia

We care about the quality of the services provided. Therefore we strive for complete transparency and recommend only verified and licensed trading platforms.

Note: Don’t hesitate to leave a comment below in case you have any questions regarding trading apps, safety, day trading, investments, financial systems, or anything else that might come to mind while spending time on our website. We promise to answer you as soon as possible.

Trading Platforms, Brokers & Apps That We Tested:

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Is Trading Allowed In My Country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article are available in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

  • Australia
  • New Zealand

Our Author:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years. Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

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