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The Best Share Trading Platform Australia That
Can Be the Reason for Your Success

Introduction

Trading is an industry that seems to have a lot of potential for passive income. Successful traders have several traits. They work with dependable trading systems, create customized trading methods, and execute deals with precision. They won't allow emotions like fear and greed to enter the trading game. Trading is a game of chance for them. It would be difficult for a trader to conduct trades without the help of a dependable, safe, and commission-free stockbroker. In this article, we will tell you about the five best share trading platform Australia that can turn out to be great deals for you. So, without waiting any further, let us dive right into it.

1) Interactive Brokers

Professional and aggressive traders should use Interactive Brokers. Interactive Brokers Australia charges a commission ranging from 0.015 percent to 0.08 percent on equities and ETFs. It costs between AUD 0.70 and AUD 1.5 for each contract for options trading. Interactive Brokers Australia has the industry's lowest margin lending rates. On amounts less than AUD 140,000, it charges a margin lending rate of 1.5 percent. Also, the interactive brokers amount minimum required is not even a single penny. Yes, $0! If the loan amount exceeds AUD 14 million, the margin lending rate drops to 0.5 percent. Client Portal, Trader Workstation, IBKR Mobile, and IBKR API are trading proprietary systems used by this stockbroker. Interactive Brokers is well-known for its diverse asset portfolio and competent trading platforms.

2) ThinkMarkets

ThinkMarkets provides access to over 3,100 ASX stocks and ETFs. People who register a trading account on the stockbroker's platform and link their bank account will receive 10 free ASX promotional shares. If the trading value is less than $200,000, ThinkMarkets levies an $8 flat fee per trade on shares and ETFs. It charges a brokerage fee of 0.05 percent each trade if the trade value exceeds $200,000. Trading in over 1600 CFDs from Forex indices, commodities, and futures would be possible through ThinkMarkets in Australia. It also provides a $25,000 virtual money sample account. ThinkMarkets offers to trade on MT4, MT5, and its ThinkTrader platform.

3) eToro

Because of its user-friendly copy trading and social trading platforms, eToro is ideally suited for Australian beginning traders. In Australia, the minimum initial deposit for eToro is $200. The minimum deposit amount drops to $50 after the initial deposit. When trading stocks and ETFs on eToro, there are no commissions. It takes credit/debit cards, wire transfers, PayPal, and Skrill as payment methods. Each withdrawal from eToro is subject to a $5 fee.

4) Tastyworks

On stocks and ETFs, Tastyworks does not charge a commission. It does, however, charge $1 per contract or a maximum of $10 per leg for trading options on equities and ETFs. Options on futures incur expenses of up to $2.5 per contract. The Works Account, Individual Account, and Joint Account are the three categories of Tastyworks accounts. Tastyworks offers a proprietary trading platform that may be used on a desktop, portal, or mobile device.

5) IG Markets

Both newbie and professional traders will benefit from IG Markets. It provides an AUD 20,000 sample account to enable newcomers to understand the trading circumstances better. IG markets may be the ideal alternative if you wish to trade stocks and options on the Australian Securities Exchange (ASX). IG Markets' average order execution time is 0.014 seconds. Opening an account with IG Markets is entirely free. On Forex currency pairs like AUD/USD, it charges 0.6 pips, and on critical indices like the FTSE 100 and Australia 200, it charges 1 point.

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