Stock Brokers in Australia

CMC Market – CMC Markets (CMC), founded in 1989, it is a publicly traded highly regarded U.K. forex broker. The company is listed on the London Stock Exchange (LSE) and ticker symbol is CMCX. CMC does not accept U.S. traders.

CMC Markets is regulated by the FCA (Financial Conduct Authority) and FCA is one of the leading regulatory agency in the UK.

All types of traders trade in CMC Markets, CMC market offer to trade in various products like forex, CFDs, and spread betting etc..

Country of regulation – UK, Australia, Canada, New Zealand and Singapore

Account opening – $0

Minimum deposit – $0

Trading fee – $ 49 per month

Number of currency supported – 10

Product offered – Forex, CFD, Crypto

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    IG Group – IG Group Founded in 1974, IG has more than 178,000 active clients, and provide stock dealing on 19 international exchanges. IG also Provide direct SIPP and ISA accounts.

    IG offers competitive commissions charges from £3.00 – £8.00 per trade for all types of assets such as shares, ETFs, and trusts.

    IG provide best trading platform that competes with industry leaders. They have most comprehensive charting packages among all the other brokers.

    Country of regulation – UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand

    Account opening – $0

    Minimum deposit – $0

    Trading fee – Trade spreads from 0.6 points on key FX pairs like AUD/USD, 1 point on major indices like the Australia 200 and FTSE 100, and 0.3 points on Spot Gold.

    Number of currency supported – 06

    Product offered – ETF, Forex, Options, CFD, Crypto, Stocks in some countries, Robo-advisory in UK, IPOs

    CommSec- Commonwealth Securities, also called as CommSec, is Australia’s major online stockbroking firm, which is operated by the Commonwealth Bank of Australia.

    It also offers a telephone based brokerage and advisory services but its Internet trading platform constitutes the vast majority of its business.

    The Company started operations in 1995 and launched its share trading website in 1997.

    Initially CommSec was offered only to Australian equities trades, but now expanded into derivative products, managed funds, international equities, contracts-for-difference (CFDs), self-managed super fund (SMSF) administration, short-term deposits and margin lending.

    Country of regulation – US, Canada, UK, Hong Kong, Japan and other countries in Europe and Asia.

    Account opening – $0

    Minimum deposit – $500

    CommSec- Commonwealth Securities, also called as CommSec, is Australia’s major online stockbroking firm, which is operated by the Commonwealth Bank of Australia.

    Trading fee – Australian shares, ETFs, warrants, and fixed income securities have a $10 fee for trades up to $1,000. Small fees of $0.05-$0.45 are also charged depending on the contract type. 

    Product offered – ETF, Forex, Options, CFD, Stocks in some countries,

    Interactive Brokers – Interactive Brokers LLC (IB) is an American international brokerage firm. It has the largest electronic trading platform in the U.S. by number of daily average trades. The company offers to trade in stocks, options, futures, EFPs, futures options, forex, bonds, and funds.

    The company is headquartered in Greenwich, and It is the largest subsidiary of the Interactive Brokers Group, Inc., which was founded by Thomas Peterffy, chairman of the company. Interactive Brokers is regulated by the U.S. Securities and Exchange Commission, the New York Stock Exchange, National Futures Association, Chicago Mercantile Exchange and other regulatory organizations.

    The company serves 607,000 clients’ and IB Group owns 40 percent of the futures exchange One Chicago, and also an equity partner and founder of the Boston Options Exchange.Futures Association, Chicago Mercantile Exchange and other regulatory organizations.

    In 1987, Peterffy created the first fully automated algorithmic trading system, to automatically create and submit orders in the market. Between 1993 and 1994 Interactive Brokers Group was created, and the subsidiary of IB Group Interactive Brokers LLC was created to control its online trading. Interactive Brokers became the first online broker to provide direct access to IEX (private forum for trading securities).

    Country of regulation – UK, USA, India, Australia, Canada, Japan, Hong Kong

    Account opening – $0

    Minimum deposit – $0

    Trading fee – IBKR lite – unlimited free and IBKR pro – minimum $1 or 1% of trade value.

    Number of currency supported – 22

    Product offered – Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Products

    Etoro – Etoro is Israel based broker Founded in 2007.  eToro has lots of clients in over 140 countries. 

    Number of currency supported – 22

    Product offered – Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Products

    At its start, eToro was a forex platform and it has reformed those tools for crypto trading. It offers other asset class such as contracts for difference (CFDs) and stocks on a variety of exchanges.

    The platform is very user friendly for those with a basic understanding of forex and cryptocurrency trading.

    Country of regulation – Financial Conduct Authority (UK), Cyprus Securities Exchange Commission (Europe), FinCEN (USA), ASIC (Australia)

    Account opening – $0

    Minimum deposit – $50

    Number of currency supported – 10

    Product offered – Stock, ETF, Forex, CFD, Crypto