Best Investing Apps Australia

9 Best Investing Apps Australia compared

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Hey friends and welcome back. Today We will be going through 9 of the best investing apps Australia.

So by the end of the article, you’ll get an understanding of the different platforms out there, how much it costs to invest and just how easy it is nowadays to actually make an investment.

So let’s get straight into the Investing Apps which we are going to compare.

Table of Contents

Best Investing Apps Australia: Pearler

So the first investing app is Pearler. Pearler charges a $6.50 flat fee when you’re buying or selling Australian or US shares.

They also have a 0.5% currency conversion fee when you are converting money from Australian dollars into US dollars, which means that if you invest $1,000 with Pearler, $993.50 will be invested.

The minimum investment amount is $500. However, Pearler also does have a micro-investing option, which allows you to invest from $5. They are a Chess-sponsored broker, which means that your shares will be held in your own holder identification number.

And Pearler also gives you the option to prepay your brokerage credit so you can save money. So instead of paying $6.50 per brokerage fee, if you do the prepaid option, then it would only cost you $5.50 per brokerage fee.

WE DID A FULL DETAILED REVIEW OF PEARLER, YOU CAN CHECK IT BELOW…

PEARLER REVIEW 2023

How to make investment using Pearler?

To make an investment you simply have to click on the Dollar sign on the app which is in the center of the app of Red color.

Click on click on dollar sign you will get varieties of lists of ETFs. But if you want to invest individually then you can make a search and after selecting a particular stock just click on it and add the amount and just pay.

And Boom you made the investment it was that easy.

As you can see Pearler is really easy to use.

So if you have the skills to purchase something online, then you also have the skills to make an investment.

Best Investing Apps Australia: Sharesies

Sharesies charges a 1.9% transaction fee, which is capped at $5 US per order, $6 Australian per order, or $25 New Zealand per order.

And these fees all depend on which stock market you’re investing in, which means that if you have $1,000 to invest with Sharesies, then $994 would be invested after fees.

There’s no minimum investment amount with Sharesies. You can literally invest from one cent. They also do have auto investment functionality.

However, they are not a Chess sponsored broker, which means that your shares are not held in your own holder identification number. Sharesies gives you access to the New Zealand, Australian and US stock markets. So now we know more about Sharesies.

How to make investment using Sharesies?

To make an investment, simply click on Explore. It has a list of different companies that you can purchase and some different ETFs.

You can click on any of the companies or ETFs and get more information. And to purchase it, simply click on Buy.

I usually do a market order. However, you can also choose to do a limit order as well. And let’s say I would like to invest two cents in this ETF.

And then I click on Buy. And there you have it. I made an investment and it only took a couple of minutes.

Best Investing Apps Australia: Stake

The next investing app is Stake. The markets that you can get access to with Stake are the Australian stock market and the US stock market. They have a $3 brokerage fee for the Australian stock market or a 0.01% brokerage fee for trades over $30,000.

And for the US stock market, they charge a $3 US brokerage fee or 0.01% for trades over $30,000. Which means that if you have $1,000 to invest in the Australian stock market with Stake, then $997 will be invested.

The minimum investment amount is $500. They don’t currently have an auto-invest feature and they are a Chess sponsored broker. They also charge a 0.7% currency conversion fee when you are converting money from Australian dollars into US dollars or vice versa.

How to make investment using Stake?

So let’s take a look at the Stake app.

Here I can toggle between the Australian stock market and the US stock market. If I would like to purchase something, I can simply click on the search bar and search for different companies or ETFs that I’m looking to buy.

To make an investment, I simply click on Buy. There I can choose a limit order, a market order or a stop order. And just put the amount how much you want to invest.

Best Investing Apps Australia: Superhero

The next investing app is Superhero. Superhero charges a $5 brokerage fee for Australian shares, a $0 brokerage fee for ETFs and a $0 brokerage fee for US shares.

Which means that if you have $1,000 to invest in the Australian stock market, then $995 will be invested if you do purchase Australian shares or $1,000 will be invested if you purchase Australian ETFs.

The minimum investment amount is $100 for the Australian stock market and $10 US for the US stock market. They do have an auto invest feature, but they are not a chest sponsored broker.

The markets that you can get access to with Superhero are the Australian stock market and the US stock market. Something interesting to note about Superhero is you can earn Qantas frequent flyer points on eligible transactions.

How to make investment using Superhero?

To make an investment, we have to simply click on Invest.

There they have a list of different shares and ETFs. And to make an investment, we have to simply click on Add Funds to Buy.

It will give me more information about how I can deposit money into my superhero account.

And if I did have enough money in my account, then I would simply be able to purchase this share. As you can see, the Superhero app is very easy and seamless to use.

Consider watching this video. He compared 15 best investing apps

Best Investing Apps Australia: SelfWealth

The next platform is Self Wealth. Self Wealth charges a $9.50 brokerage fee for the Australian stock market and a $2 brokerage fee for the US stock market.

So if you have $1,000 to invest in the Australian stock market with Self Wealth, then $990.50 will be invested. The minimum investment amount is $500.

They have an option to have a target portfolio, but they currently don’t have an auto invest feature. They are a Chess sponsored broker.

And the markets that you can get access to with Self Wealth are the Australian stock market, the US stock market and the Hong Kong stock market.

How to make investment using SelfWealth?

To make an investment, we have to simply click on Stocks. There you can search for some stocks or ETFs that I would like to buy.

To make an investment, we have to simply click on Buy and we can put in how much I would like to invest, for example, $500.

And if I did have enough funds to make this purchase, then I would simply be able to click on Buy and then make that investment. The app works really well, but maybe isn’t as user friendly as some of the other apps. So maybe more suitable towards a more experienced investor.

Best Investing Apps Australia: Commsec

The next investing platform is Commsec. Commsec charges a brokerage fee from $10 up to $29.95, depending on how much you are investing.

For investments over $25,000, they charge a brokerage fee of 0.12%. So if you have $1,000 to invest with Commsec on the Australian stock market, then $990 will be invested minus the brokerage fee.

$500 is the minimum investment amount. They do have an auto invest feature and they are a Chess sponsored broker. The stock exchanges that you can get access to are the Australian stock market, the US stock market and also many other different stock markets around the world.

This app may not be the best for beginner investors and may be more suitable towards experienced investors. However, there are a lot of features that you can access with Commsec that other investing apps don’t have, like advanced charts and things like that.

Best Investing Apps Australia: NAB Trade

So the next investing app is NAB trade. NAB trade charges a $9.95 brokerage fee for trades up to $1,000 and they charge a brokerage fee from $9.95 all the way up to $19.95 or 0.11% for trades above $20,000, which means that if you have $1,000 to invest in the Australian stock market, then $990.05 will be invested.

$500 is the minimum investment amount. They do have an auto invest feature. They are a Chess-sponsored broker and the markets that you can get access to with NAB trade are the Australian stock market, the US stock market and also many other international stock markets around the world.

This maybe not the best app to use for beginners and may be more suitable towards more experienced investors.

Best Investing Apps Australia: CMC Markets

The next investing app is CMC Markets. CMC Markets has a $0 brokerage fee for buy orders up to $1,000 per day. So if you invest $1,000 with CMC Markets, then $1,000 will be invested.

But over $1,000, the brokerage fee is $11. $500 is the minimum investment amount.

They do have an auto invest feature. They are a Chess-sponsored broker and the markets that you can get access to with CMC Markets are the Australian stock market, the US stock market and also many other different international stock markets.

Your first investment with CMC Markets will have no brokerage fee.

How to make investment using CMC Markets?

If you would like to make an investment, you have to simply click on this search icon.

And there I can search for stocks and ETFs. There it will give you more information about that ETF or stock.

To buy, you will have to simply click on buy. You can put in how much you would like to invest.

And if I did have enough money in my account, I could simply click on review order and then make that investment.

Personally, I think that the CMC Markets app does have a lot of information and some really advanced features, but it is an app that is more suitable towards experienced investors.

Best Investing Apps Australia: IG Trading

The next investing app is IG Trading. IG Trading has a $5 brokerage fee or a 0.05% trade fee, whichever is higher, which means that if you have $1,000 to invest with IG Trading, then $995 will be invested.

$500 is a minimum investment amount. They do have an auto-invest feature. They are not a Chess-sponsored broker.

And the markets that you can get access to are the Australian stock market,the US stock market and also many other international stock markets.

They do have charts and lots of different information. So it may be more suitable towards more experienced investors.

Conclusion

So that’s it. Those are our nine best investing apps Australia.

Hope your all questions are cleared regarding Best Investing Apps Australia. If you have any other question regarding it please feel free to comment it down i will definately answer that.

I will be updating it in future, And if you liked the post please rate it give it a Five Star.

For more crypto and Australia related information Please visit our website INVEST IN DOLLAR.COM

FAQs

Is it safe to invest through an app?

Yes, it is safe to invest through an app, as long as you choose a reputable app that is regulated by the Australian Securities and Investments Commission (ASIC). When choosing an app, make sure to check its regulatory status and read the terms and conditions carefully.

How much money do I need to start investing?

The amount of money you need to start investing depends on your individual circumstances and investment goals. However, most apps allow you to start with a small amount of money, such as $50 or $100.

How do I get started investing through an app?

To get started investing through an app, you will need to create an account and deposit funds. Once you have done that, you can start researching and trading assets. Most apps offer educational resources to help you get started.

What is Pearler?

The online trading platform Pearler lets you buy and sell stocks, exchange-traded funds, and other products. Despite being a relatively new platform, it has gained popularity swiftly because of its affordable costs and user-friendly design.

What are the fees charged by Pearler?

No matter how much money you invest, Pearler charges a flat brokerage fee of $6.50 each trade. There aren’t any additional charges, such account or inactivity fees.

What investments can I buy on Pearler?

On the Australian Securities Exchange (ASX) and the US stock market, you can purchase shares, exchange-traded funds (ETFs), and other securities. In addition, Pearler provides a selection of managed funds, which are an excellent choice for individuals looking for a more passive investing experience.

How much money do I need to start investing with Pearler?

A minimal deposit is not necessary to start a Pearler account. However, since you will be charged a $6.50 brokerage fee for each trade, it is best to start with a smaller sum of money, like $50 or $100.

How do I get started with Pearler?

You must open an account with Pearler and deposit money in order to get started. Once you’ve done that, you may start looking into investments and making purchases. To get you started, Pearler offers a variety of instructional tools.

Is Pearler safe?

As a regulated investing platform, Pearler is governed by the Australian Securities and Investments Commission’s (ASIC) rules and regulations. This implies that your finances are secure and that fraud won’t affect you.

What is Sharesies?

You can buy and sell shares, ETFs, and other investments using Sharesies, an online investment platform. Due to its minimal fees and straightforward user interface, it is a well-liked platform for beginning investors.

What are the fees charged by Sharesies?

Sharesies charges a flat brokerage fee of $3 per trade, regardless of the amount you are investing. There are no other fees, such as account fees or inactivity fees.

What investments can I buy on Sharesies?

On the New Zealand Stock Exchange (NZX), the Australian Securities Exchange (ASX), and the US stock market, you can purchase shares, ETFs, and other investments that are listed. Sharesies also provides a selection of managed funds, which are an excellent choice for those looking for a more passive investing experience.

How much money do I need to start investing with Sharesies?

There is no minimum deposit required to open a Sharesies account. However, you will need to pay a brokerage fee of $3 for each trade, so it is advisable to start with a small amount of money, such as $50 or $100.

How do I get started with Sharesies?

You must open an account with Sharesies and deposit money in order to get started. Once you’ve done that, you may start looking into investments and making purchases. To assist you in getting started, Sharesies offers a variety of instructional tools.

Is Sharesies safe?

As a licensed investing platform, Sharesies is governed by the Financial Markets Authority’s (FMA) rules and regulations. This implies that your finances are secure and that fraud won’t affect you.

What is Stake?

Stake is an online trading platform for stocks, exchange-traded funds, and other products. Due to its minimal fees and straightforward user interface, it is a well-liked platform for Australian investors.

What are the fees charged by Stake?

Stake charges a flat brokerage fee of $3.95 per trade, regardless of the amount you are investing. There are no other fees, such as account fees or inactivity fees.

What investments can I buy on Stake?

On the US stock market, you can purchase shares, ETFs, and other securities. Additionally, Stake provides a variety of fractional shares, allowing you to purchase a portion of a share even if you lack the funds to do so.

How much money do I need to start investing with Stake?

There is no minimum deposit required to open a Stake account. However, you will need to pay a brokerage fee of $3.95 for each trade, so it is advisable to start with a small amount of money, such as $50 or $100.

How do I get started with Stake?

To get started with Stake, you will need to create an account and deposit funds. Once you have done that, you can start researching and buying investments. Stake offers a range of educational resources to help you get started.

Is Stake safe?

Stake is a regulated investing platform, which means it is bound by the Australian Securities and Investments Commission’s (ASIC) rules and regulations. This implies that your finances are secure and that fraud won’t affect you.

What is Superhero?

Superhero is an online trading platform for stocks, exchange-traded funds, and other products. A group of seasoned investors and technologists launched it in 2020. Sydney, Australia serves as the headquarters of Superhero.

What are the fees charged by Superhero?

No matter how much you invest, Superhero charges a flat brokerage fee of $9.50 each trade. There aren’t any additional charges, such account or inactivity fees.

What investments can I buy on Superhero?

On the Australian Securities Exchange (ASX) and the US stock market, you can purchase shares, exchange-traded funds (ETFs), and other securities. Additionally, Superhero offers a variety of fractional shares, allowing you to purchase a portion of a share even if you lack the funds to do so.

How much money do I need to start investing with Superhero?

There is no minimum deposit required to open a Superhero account. However, you will need to pay a brokerage fee of $9.50 for each trade, so it is advisable to start with a small amount of money, such as $50 or $100.

How do I get started with Superhero?

To get started with Superhero, you will need to create an account and deposit funds. Once you have done that, you can start researching and buying investments. Superhero offers a range of educational resources to help you get started.

Is Superhero safe?

Due to its status as a regulated investing platform, Superhero is bound by the Australian Securities and Investments Commission’s (ASIC) guidelines. This implies that your finances are secure and that fraud won’t affect you.

What is SelfWealth?

SelfWealth is an online investment platform that allows you to buy and sell shares, ETFs, and other investments. It is one of the most popular investment platforms in Australia, and it is known for its low fees.

What are the fees charged by SelfWealth?

SelfWealth charges a flat brokerage fee of $9.50 per trade, regardless of the amount you are investing. There are no other fees, such as account fees or inactivity fees.

What investments can I buy on SelfWealth?

On the Australian Securities Exchange (ASX) and the US stock market, you can purchase shares, exchange-traded funds (ETFs), and other securities. SelfWealth also provides a selection of fractional shares, allowing you to purchase a piece of a share even if you lack the funds to purchase the entire share.

How much money do I need to start investing with SelfWealth?

A SelfWealth account does not require a minimum deposit to be opened. You should start with a little sum of money, such as $50 or $100, as there is a brokerage cost of $9.50 for each trade that you make.

How do I get started with SelfWealth?

To get started with SelfWealth, you will need to create an account and deposit funds. Once you have done that, you can start researching and buying investments. SelfWealth offers a range of educational resources to help you get started.

Is SelfWealth safe?

Due to the fact that SelfWealth is a regulated investing platform, it is bound by the Australian Securities and Investments Commission’s (ASIC) guidelines. This implies that your finances are secure and that fraud won’t affect you.

Why is SelfWealth so cheap?

By contracting with a third-party wholesale stock broker for services like execution and clearing, SelfWealth is able to keep prices down. As a result, they can offer their clients lower costs as a way of passing along the savings.

Do I own my shares on SelfWealth?

Yes, your investments are held in your own name, a trust, or an SMSF after your SelfWealth trading account has been established, depending on your choice when you applied for the account.

What is CommSec?

You can buy and sell shares, ETFs, and other products through CommSec, an online investment platform. One of Australia’s oldest and most reputable investing platforms, it is renowned for offering a wide range of products and services.

What are the fees charged by CommSec?

Brokerage fees, account fees, and inactivity fees are just a few of the costs that CommSec levies. The amount of money you are investing as well as the sort of investment you are purchasing or selling will affect the broker costs. Monthly account fees are assessed, and inactivity penalties apply if there are no trades in your account for a predetermined amount of time.

What investments can I buy on CommSec?

You can buy shares, ETFs, managed funds, options, and warrants on CommSec. You can also buy and sell international shares through CommSec International.

How much money do I need to start investing with CommSec?

Opening a CommSec account does not need a minimum deposit. It is advised to start with a little sum of money, such as $500 or $1,000, as you will have to pay a brokerage fee of $19.95 for each trade.

How do I get started with CommSec?

You must open an account with CommSec and deposit money in order to get started. Once you’ve done that, you may start looking into investments and making purchases. CommSec provides a variety of learning tools to get you started.

Is CommSec safe?

Since CommSec is a regulated investment platform, the Australian Securities and Investments Commission’s (ASIC) rules and regulations apply to it. This implies that your finances are secure and that fraud won’t affect you.

What is NAB Trade?

You can buy and sell shares, ETFs, and other investments through NAB Trade, an online investment platform. It is an item made by the National Australia Bank (NAB), one of Australia’s biggest banks.

What are the fees charged by NAB Trade?

NAB Trade charges a flat brokerage fee of $19.95 per trade, regardless of the amount you are investing. There are no other fees, such as account fees or inactivity fees.

What investments can I buy on NAB Trade?

On NAB Trade, you can purchase shares, ETFs, managed funds, options, and warrants. Through NAB Trade International, you may also purchase and sell foreign shares.

How much money do I need to start investing with NAB Trade?

Opening a NAB Trade account does not require a minimum deposit. It is advised to start with a little sum of money, such as $500 or $1,000, as you will have to pay a brokerage fee of $19.95 for each trade.

How do I get started with NAB Trade?

You must open an account with NAB Trade and deposit money in order to get started. Once you’ve done that, you may start looking into investments and making purchases. To assist you in getting started, NAB Trade offers a variety of educational tools.

Is NAB Trade safe?

As a regulated investing platform, NAB Trade is governed by the Australian Securities and Investments Commission’s (ASIC) rules and regulations. This implies that your finances are secure and that fraud won’t affect you.

What is IG trading?

The international financial trading firm IG provides a range of trading products, such as FX, CFDs, and stocks. It is a well-liked option for traders of all levels of experience due to the variety of products and services it provides, as well as its affordable cost.

What are the fees charged by IG?

In addition to spreads, commissions, and overnight costs, IG also levies other fees. Spreads are the price differential between buying and selling an item, and commissions are assessed for each transaction. You will be charged overnight fees if you keep a position open overnight.

What investments can I trade on IG?

On IG, a wide variety of assets can be traded, including indices, shares, commodities, currencies, and CFDs. Additionally, you can trade futures and options, although not all clients can.

How much money do I need to start trading with IG?

A $250 minimum deposit is needed to start an IG account. The sum of money required to begin trading, however, will vary depending on the kinds of assets you plan to trade and the size of your positions.

How to get started with IG Trading?

To get started with IG trading, you will need to create an account and deposit funds. Once you have done that, you can start researching and trading assets. IG offers a range of educational resources to help you get started.

Is IG safe?

IG is a regulated financial services company, which means that it is subject to the rules and regulations of the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). This means that your money is safe and that you are protected from fraud.

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