There is a wide range of opportunities for Australians interested in stock market trading. Online brokers specialize in different things; some provide trading tools and research, while others focus on providing discounts or complete service.
According to Wikipedia, with a market capitalization of $1.44 trillion, the Australian Stock Exchange (ASX) ranks as the world’s sixteenth biggest exchange. Australians may trade on several of the world’s top exchanges, including the US NASDAQ, through various brokers. The Australian Securities and Investments Commission is the government agency responsible for overseeing Australian brokerages (ASIC).
Here, you’ll learn about the Best Trading Platform Australia for Beginners why they’re the ideal option for you.
1. CMC Markets
The extensive set of trading tools and the cheap pricing at CMC Markets made it the top overall share trading platform in Australia. The platform is user-friendly and sophisticated enough for novice traders to satisfy seasoned professionals. Currency pairs, commodities, and options are all available to those with professional accounts. CMC Markets is the place to go if you’re looking for a trustworthy all-arounder.
Because of its user-friendliness and low minimum investment requirement, Pearler has earned a reputation as Australia’s best share trading platform for novices. You may put money into a Pearler-managed investing portfolio, buy individual stocks or exchange-traded funds, or do both. Plus, you may invest automatically on a weekly or monthly basis, making it possible to use a “set and forget” plan.
3. Interactive Broker
When it comes to day trading in Australia, Interactive Brokers is the ideal platform because of their wide variety of trading tools and affordable fees. If you want complete command over your trades, you may use the platform’s technical analysis charts, indicators, filtering tools, and a broad list of conditional orders. You may trade Australian and international equities and OTC markets, options, commodities, and currencies.
Is trading gambling?
Some people may approach trading like gambling, but they will soon discover that gamblers always end up broke. To make money, traders make forecasts they hope will be correct, whereas gamblers take their chances without trying to foretell anything. Those that trade without a strategy or consistency do so out of a desire to “try their luck” or “prove something,” a reluctance to accept losses, or all three. Recent internet trading applications have been scrutinized for allegedly adding a gambling element to the traditionally serious business of trading. Trading has become more like a game because of user-friendly internet platforms, a lack of expertise for retail traders, and the fear of missing out (FOMO) phenomenon. Before jumping into the market, serious traders should thoroughly evaluate their goals, their tolerance for risk, and the investment plan they’ve developed.
Which Users Are Eligible to Access easyMarkets?
Choosing a reliable trading platform is the first step toward successful online trading. Whether you’re a seasoned trader or just starting, easyMarkets simplifies trading. With a wide variety of assets and user-friendly trading platforms, easyMarkets is the best broker for Australian investors. In order to provide investors with a stress-free trading experience, the website has clear menus, accurate data for analysis, and reliable technical indicators.
While seasoned traders may find internet trading second nature, beginners may find the process somewhat daunting. Thank goodness, easyMarkets provides for all comers in the trading world, no matter their degree of expertise. Free guaranteed stop loss and negative balance protection tools help inexperienced investors avoid catastrophic losses. Expert traders may tailor their settings to their individual needs and risk tolerance, increasing their potential profits.
How Secure is easyMarkets?
Several accolades have been bestowed upon easyMarkets in recognition of its cutting-edge trading tools and superior risk management practices. The forex broker is subject to frequent audits and checks as a result of regulatory control. It has a strong policy in place to protect traders’ funds during times of economic uncertainty.
EasyMarkets’ capital sufficiency, negative balance protection, and complimentary guaranteed stop-loss orders contribute to the firm’s policy aims. The system also protects the traders’ money by keeping it in separate, tier-1 bank accounts. The trading platform protects your personal information and financial transactions with 256-bit SSL encryption. Due to its widespread acceptance and cutting-edge security measures, it is a trustworthy broker for online forex and CFDs trading.