Finding The Best Stocks App To Trade US Shares With In Australia.
The internet has evolved from just a place to share and get information to an efficient marketplace. It has greatly influenced how we run our businesses.
One way the internet has greatly benefited us is the introduction of online trading platforms. Individuals have found it easier to invest from their homes with the help of an app on their phones.
Some platforms can help you invest in international markets from Australia and the comfort of your home.
So what is the best stocks app for you to trade internationally? There are a lot of good online trading platforms to choose from, but here is a list of our top picks and their different features to help you choose the best stocks app for you.
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eToro is a multi-asset brokerage company that gives users access to shares in international markets, cryptocurrencies, commodities, and even forex trading.
It requires no brokerage fee, a 0.5% foreign exchange fee, and a withdrawal fee of 5 AUD. When you do not log in for a month, you get fined an inactive fee of 10 AUD.
Their most notable feature is the feature called copy trading.
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It allows you to copy someone else’s portfolio and automatically trade the same shares with them.
Australia is one of the countries that eToro is available in and might be the best stocks app for anyone looking to invest in both shares and crypto.
2. Stake App
Stake is another multi-asset brokerage company that allows users access to more than 6,000 US shares and ETFs. The standard brokerage fee is 3 AUD, and the foreign exchange fee is 0.
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Available markets include ASX, NASDAQ, New York Stock Exchange, BATS, and much more. With so many markers to invest in, this can be the best stocks app you will ever use.
Stake App is one of the cheapest online trading platforms. It also permits fractional shares, suitable for investors who can’t afford the entire share.
3. IG Trading
IG Trading is a trading platform that allows users to invest in both ASX shares and other international markets like New York Stock Exchange and many others.
IG Trading requires a 5 to 8 AUD brokerage fee for Australian shares and a free brokerage for international shares. It also requires a 0.7% foreign exchange fee.
On the IG Trading platform, when you are inactive, you pay a fee of 50 AUD per quarter unless you have made three trades per quarter.
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IG Trading has been around for a long time now. It is highly dependable and the best stocks app for beginners and advanced investors.
Which one of these platforms do you think is the best stocks app for you? There are many other available, so do more research and find which platform is best for you.
Everyone has different things they require from a broker. Be it the interface of the platform or the fees.
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Good luck finding the best stocks app to invest in US stocks.