Best stock brokers & investing apps in Australia

• 8 stock brokers & investing apps with a verified licence serve residents of Australia: 8 hold a local licence (ASIC).
• Top pick by Coinish Score: moomoo (77/100, Editor Rating 3.8/5).
• $0 commission on US stocks: moomoo, IG, Webull and Trading 212.
• No minimum deposit: Webull.

Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Australia, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate

All 8 stock brokers & investing apps on this list hold a licence from the Australian Securities and Investments Commission (ASIC) (moomoo, IG, Webull, eToro, Interactive Brokers and 3 more).

Currency conversion, which you pay on every US share bought from a non-dollar account, costs from 0.55% (Stake) to 0.8% (IG).

• Search the company name on the ASIC register (moneysmart.gov.au).
• Check which company your contract is with. moomoo, for example, onboards residents of Australia through Moomoo Securities Australia Ltd (ASIC licence 224663), and the name on the account-opening documents should match the list.

Yes, with a licensed provider. Brokers need an Australian financial services (AFS) licence.

Source: asic.gov.au

By Coinish Score, moomoo (77/100, Editor Rating 3.8/5), through Moomoo Securities Australia Ltd (ASIC licence 224663). IG (77) and Webull (73) follow. The score rates the company that would serve you in Australia, so the same brand can rank differently in another country.

That depends on how the broker holds them. With a CHESS-sponsored account, your shares are recorded on the CHESS subregister under your own Holder Identification Number (HIN). It works much like an account number, and one HIN can cover everything you own. Many apps use a custodian instead. Your shares are then pooled with other investors' under a single HIN belonging to the custodian, usually the broker or its nominee, and it's the custodian's name on the share register. You keep beneficial ownership, but not legal ownership.

Every broker here is ASIC-licensed, but a licence doesn't tell you which of the two models it uses. Look for CHESS sponsorship or a custodian in the account terms before you buy.

Sources: asx.com.au (1), asx.com.au (2)

If you owned the asset for at least 12 months and are an Australian resident for tax purposes, the CGT discount cuts the taxable gain by 50%. The ATO notes that CGT changes announced in the 2026–27 Federal Budget don't apply to Tax Time 2026.

Coinish isn't a tax adviser: check your own situation with the tax authority or an accountant.

Source: ato.gov.au