Online trading platforms have made trading shares easier for investors. Where buying and selling shares would have been a lot of work, you can now do it in the comfort of your home at just a click of a button.
To buy and sell shares, you are going to need a stockbroker. Australia’s big four banks (ANZ, NAB, Westpac, and CommSec) are the most popular and the most expensive.
One might find investing a bit problematic with all the high brokerage fees, international brokerage fees, foreign exchange fees, and inactive fees. But I can help you find the best app for Australian stocks for you.
Want to invest in shares without breaking the bank? Here is a list to help you choose the best app for Australian stocks for you.
Superhero
Superhero was launched in September 2020 with access only to Australian stocks. As of July 2021, Superhero included US shares in its tradable assets list.
The Superhero app offers trading services at a brokerage fee of 0 AUD for ATFs and a 5 AUD fee for ASX shares. It also provides a 0 AUD commission fee for US shares and a forex fee of 0.5%.
Superhero is notably the cheapest when it comes to fees. Are you looking to save a little more money on expenses? Then Superhero might be the best app for Australian stocks for you.
Pearler
Pearler is a CHESS-sponsored broker created in 2018 when three friends decided to solve their problem of finding a better investment broker.
Pearler offers investors a 0 AUD brokerage fee for some ATFs and a 9.50 AUD fee for ASX stocks. You can also invest in US shares with Pearler.
Pearler has an auto-investing feature and allows you to see others’ portfolios. There are no inactive fees and an excellent user interface.
If you like the idea of auto-investing, Pearler might be the best app for Australian stocks for you.
CMC Markets
CMC Markets offers an 11 AUD brokerage fee for shares, 0 AUD for international shares, and a foreign exchange fee of 0.6%.
It does not require any inactive fees and gives access to many markets like The New York Exchange, London Exchange, NASDAQ, etc.
CMC Markets might be the best app for Australian stocks if you want to invest in diverse markets.
Selfwealth
Selfwealth is an investment platform that allows you to trade Australian and US shares at 9.50 AUD and a forex fee of 0.6%.
Like Pearler, you can check out other people’s portfolios, and no inactive fees are required. Selfwealth also has an excellent user interface, so you can check it out and see if it might be the best app for Australian stocks for you.
Conclusion
Each of these offers low fees and a variety of markets in which to invest. I hope this list helps you find the best app for Australian stocks for you. Thanks for reading.
