Traders have a great deal of opportunity to build passive income streams. There are commonalities among successful traders. They commit to using reputable trading platforms, put in the time to craft unique trading techniques, and trade sensibly. People with this mindset won’t let greed or fear affect their trading decisions. Trading is a game of chance for them.
If a trader does not have access to a trustworthy, secure stockbroker who does not charge commissions, then it will be tough for them to execute transactions without any problems. To help you make an informed decision, we’ve compiled a list of Best Trading Platform Australia.
· IC Markets
IC Markets is an Australian stock broker regulated by ASIC that does not charge clients commissions. IC Markets has the best EUR/USD spread in the industry, at only 0.1 pips. If you trade on IC Markets, you can expect an average execution time of 0.04 seconds.
Given its automated trading engine at the New York Equinix NY4 data center, IC is ideal for time-crunched traders and professionals. Over two-thirds of the over half a million trades processed daily by Equinix NY4 are executed automatically. It automates the trading process using features like PAMM, MAM, and VPS. MT4, MT5, MTWeb Trader, and CTrader are all supported trading platforms at IC Markets. The Standard Account, the Raw Account (MTrader), and the Raw Account are the three distinct account tiers offered (cTrader). Different accounts may have other commission charges, spreads, and margin lending interest rates.
· eToro
In Australia, eToro operates under ASIC oversight. Sydney, New South Wales, Australia, is home to its headquarters. Australia’s inexperienced traders will find eToro’s copy trading and social trading platforms the most helpful. Webinars, podcasts, videos, and e-books make up a large portion of eToro’s extensive library of instructional material. The smallest amount you may deposit in Australia with eToro is $200. When you get past the initial investment, you can put in as little as $50.
When trading stocks and ETFs using eToro, there are no fees. Email, live chat, and phone support are offered around the clock. Credit cards, debit cards, wire transfers, PayPal, and Skrill, are acceptable payment methods. To withdraw funds from eToro, you’ll need to pay a $5 fee.
· Superhero
Users of any Superhero account type will have access to among the lowest brokerage fees in the industry when buying and selling ASX-listed shares for $5 and buying and selling ETFs for $0 and $5, respectively. Brokerage-free trading is available for US stocks and ETFs, albeit a 0.70 percent foreign exchange fee is deducted from the total for transactions denominated in AUD. The entry-level for Australian trading shares is AUD 100, but for US shares, it’s only USD 10.
Is easyMarkets a reliable broker?
Many factors, such as the variety of trading options available, the ease of making deposits and withdrawals, and the quality of the broker’s customer service, go towards doing a good service for traders. If a trader tells you something is excellent for them, it doesn’t indicate it’s good for you. The word “a good broker,” therefore, has several interpretations. By looking through the standards, you can determine if easyMarkets is a good broker. EasyMarkets is an online trading platform that allows customers to trade foreign currency (Forex), precious metals (Gold & Silver), contracts for difference (CFD), commodities (Oil), stocks (including Bitcoin and Ethereum), and cryptocurrencies. AstroPay, Bitcoin, Bitcoin Cash, BPAY, Credit/debit cards, Ethereum, FasaPay, giro pay, iDEAL, Litecoin, Neteller, Skrill, SOFORT, Tether (USDT), UnionPay, WebMoney, and Wire transfer are all acceptable payment options. You may contact the service staff using the following methods: web form, callback, email, forum, live chat, office, phone, Skype, and telephone.
How regulated is easyMarkets?
If your broker is licensed and regulated, you can avoid receiving no returns, even if they claim to do so. To be more specific, you should always verify the legitimacy of an online broker before making any investments or trades with them. Regarding internet trading, easyMarkets is much beyond your typical broker. The ASIC, CySEC, and FSA all have strong regulations in place.
When trading online, the most pressing worry for investors is naturally the security of their money. Due to easyMarkets’ credibility, traders may feel safe and confident in their transactions. With easyMarkets, customers can rest knowing that their money is protected because of the company’s dedication to following international regulatory laws. In the event of the broker’s insolvency, investors may rest easy knowing that a compensation plan protects their funds.
