Best Stock Trading App Australia
Our experts have done extensive research in order to locate the best and most user-friendly trading app for Australian traders. Using the best stock trading app is fundamental to trading success. Finding and working with the best platform means lower risk, lower cost and higher margins. Trading on the best stock apps secures your capital investment. It also helps you analyze stocks and shares in order to make intelligent decisions.
Here is a list of the best Stock Trading Apps for Australian Traders in 2019
Best top stock trading apps – TOP 5
1. Markets.com – The best Stock Trading Platform in Australia
Markets.com have constantly been stying up to date with the latest technologies and innovations in the financial mobile world. Their software for mobile traders is not only easy to use but also very stable and professional.
There is a possibility to trade around 2000 individual instruments on their platform.
Download and try Markets.com Trading Platform by following the link below.
2. Avatrade – Highly rewarded trading platform
Avatrade has won several awards such “Most Reliable Broker” and “Excellence Award” for three years. Avatrade offers various trading tools, educational information and premium products in more than 20 languages.
On Avatrade you will be able to trade on more than 250 financial instruments through 8 different mobile trading platforms, with fast, easy and error-free transactions.
Download and try the Avatrade Trading Platform by following the link below.
3. IronFX – Powerful App Trading
IronFX is one of the leading brokers on which the traders can trade on some of the most popular trading platforms on the market, MT4 and MT5.
One of many reasons that IronFX gain many customers is their popular Personal Multi-Account Manager Platform (PMAM). The platform allows traders to simultaneously manage and trade on multiple MT4 accounts.
Download and try the IronFX Trading Platform by following the link below.
4. Plus500 – Technology Advanced Platform
Plus500 is one of the best CFD providers worldwide with their continued approach toward technological advancement on their quality trading platform.
By offering more than 2000 trading tools, including cryptocurrencies and forex make sure the traders have full freedom to expand their trading portfolio as they wish.
Download and try the Plus500 Trading Platform by following the link below.
5. Etoro – Technology Advanced Platform
Plus500 is one of the best brokers worldwide with their continued approach toward technological advancement on their quality trading platform.
By offering more than 1000 trading tools, including cryptocurrencies and forex make sure the traders have full freedom to expand their trading portfolio as they wish.
Download and try the Etoro Trading Platform by following the link below.
Benefits of Stock trading apps
It’s obvious that having the opportunity to control your trading at any time, anywhere is very efficient. Especially when most trading apps have become exceptionally user-friendly and make it easy for you to place your orders within a few clicks. This is one of the major benefits of using Stock trading apps, to make your trades on the go wherever you are. This will assist you in making that purchase or sale at the most opportune time. In stock trading every second is precious and that’s where stock trading apps are invaluable. Trading apps does not just make it easier for you to trade; it also helps you monitor your account. With the user-friendly interface and tools provided by the brokers, it is easier than ever for you to monitor your investments. You will have all the information available on your phone at any time and can evaluate the trades in real-time.
6 tips when choosing the best stock trading app
- Accessibility – When choosing your trading app, one of the most important things to look for is one that is simple to understand and work with as well as having all the necessary tools. It should offer a lot of options yet be easy to use. Whether you are an experienced trader who wants the most advanced features or if you are a complete beginner, to be able to easily navigate through the app with an intuitive interface will always be important.
- Secure – It’s of course very important to find a trading app that keeps your personal information and funds completely safe. We recommend that you choose a licensed and regulated broker by ACIC.
- Customer Service – Good customer service is, of course, a really important aspect when looking for your trading app.
- Rating – You should always choose a trading app with good ratings and a strong reputation.
- Speed – It is important to choose a trading app with a trading system that is not only reliable but also offers as fast order execution as possible. Most of the brokers publish information about their execution speeds. You of course also want the app itself to be fast and without bugs.
- Demo accounts – As a beginner, it can be good to choose a stock trading app that offers demo accounts. You can look at a demo account as a practice account where you don’t have to risk real money. It’s perfect for beginners as they can gain experience, build their strategy and get familiar with the stock trading apps without any risk. With a demo account, you could also compare the different stock trading apps without depositing your money.
Finding A Good Broker
Even if you have decided which shares you want to buy or trade, you will need to find a reliable broker and set up and fund a trading account. For lower fees, you can choose an online service that only charges you when you buy or sell shares. Alternatively, you can opt for a “full service” broker that can also offer training tools and investment advice. These brokers are required by law to provide justification for any recommendations they make, and to be transparent about any interests they might have in those investment decisions. Always ensure that you research the broker well and that they are regulated by ASIC before depositing any money.
Any fees are usually a percentage of the transaction value, which typically reduces the larger the transaction. Most online brokers also have a minimum fee. Typically, on a transaction of less than $5,000, you would expect a fee of around 2.5%, reducing to around 0.1% for larger trades.
Once you’ve researched and found your broker, you can open a trading account and deposit your money, which needs to be enough to cover any other charges. When you search for the shares, you can normally opt to buy either a number of shares or a monetary value. A price will then be quoted, and once you accept, the shares will show in your portfolio.
How To Buy Shares on Trading Apps
Most stock trading apps have made it very easy for you to buy shares. The process will be pretty much the same, you will have the same advantages of the trading platforms you have used on your computer. The great intuitive interfaces, the necessary tools and the access to the same public exchanges. Only with all of the benefits of having it with you everywhere you go. In the list below you can find the best stock trading apps in Australia and start your trading today.
Best Stock Trading apps
How to minimise Risks when using Trading apps
With all the benefits of trading apps, it also comes with a few risks. In this list, I will bring up two major risks when using trading apps so that you can learn to avoid them.
Impulse buy or sell
When you have access to your trades anywhere at any time, it can be easy to impulse buy shares as soon as you read some good news about a company without doing the necessary research. this can be detrimental and lose you a lot of money in the long run, as you should always do research and know the market well before you make your trades. The same goes for impulse sells, you can read some terrible news about a company you have shares in and sell immediately without thinking it through.
Not taking it seriously
As trading has become so easy and accessible with user-friendly interfaces, its easy to not take it as seriously as you should. Trading shares takes a significant amount of time and effort to be successful. Without a proper working environment, there is a risk that you make a lot of bad trades when you’re out doing other stuff and don’t focus on the trades you are making.
However, when having these risks in mind. With some extra effort as well as having a well-constructed trading plan and working with your time management, you can easily avoid these risks.
Selecting Your First Shares
The key to any successful share investment or trading is research and strategy. Any investments you choose should be based on both your short and long-term financial goals. This then allows your broker to assist in recommending shares that will be suitable for your portfolio, especially for longer-term investments. If you are planning on regular trading and using a trading platform, then you will need to invest some time and energy in your own research and decision making.
It is often wise for newer investors to trade shares in recognised companies, as they are usually a much lower risk. Some traders also prefer to opt for companies where they are familiar with the industry or business. This gives them an upper hand in understanding how the company is performing and its track record in delivering returns. You can choose well-known shares with a reputation for high dividends, or elect for growth shares with a lower dividend but a huge potential for profit from their share prices.
Whatever strategy you decide upon, you can research the market news, independent broker recommendations and reports. Keeping on top of company announcements, financial reports and new developments will help you to understand business strategies and their forecasted performance. You can then ask more informed questions to your broker and be better equipped to make the right decisions. For more experienced traders, all this information will help to advance your strategy, choose which shares to buy, how they will perform, and when to sell for a healthy profit.