What should Australians compare before choosing a trading platform?

Start with brokerage fees, FX fees, market access, platform tools and whether the provider suits your experience level.

Why does FX cost matter on an investing platform?

FX fees can affect the total cost of buying overseas shares, especially if you plan to trade US stocks or other international markets often.

Are low brokerage platforms always the best choice?

Not always. Lower brokerage can help, but market access, research tools, ease of use and account features can matter just as much.

Which trading platforms are easier for beginners?

Beginner-friendly platforms usually offer simple navigation, easier funding, straightforward pricing and cleaner order entry for first-time investors.

What should active traders look for in a platform?

Active traders often care more about deeper tools, wider market access, better order functionality and total trading costs across markets.

Comparison

Day trading platforms

Compare day trading platforms by market access, fees and advanced tools.

All platforms Stock Brokers Options Trading Day Trading Platforms

2 platforms found

Interactive Brokers

Global multi-asset platform with deep market access and professional tooling.

Brokerage fee

From US$0.005

per US share

FX fee

From 0.03%

FX conversion

Markets

150+

global markets

Tools

Advanced

pro trading suite

Go to site

•Very broad market reach and low FX costs for active investors.

Saxo

Multi-asset trading platform for active users who want deeper platform tools.

Brokerage fee

From $8

AU shares

FX fee

0.75%

FX conversion

Markets

50+

global exchanges

Tools

Advanced

multi-asset tools

Go to site

•Deeper charting and market range can suit experienced traders.