Home Business and Finance 10 Best Trading Platforms For Beginners Australia 2022

10 Best Trading Platforms For Beginners Australia 2022

by Favour James
Best trading Platforms For Beginners in Australia 2022

Have you been so anxious to choose the best cryptocurrency trading platform to use as a beginner in Australia to maximise your profit and reduce your loss? Or wondering if you could ever get a good trading stock app for trading signals and best trading strategy as a beginner?There is no need for panic. This article covers everything you definitely need to succeed as a cryptocurrency investor.

Cryptocurrency is one of the world leading investment schemes that young Australians can invest in. As a beginner, buying these currencies requires deep understanding and knowledge. Whether you choose to become a day trader or not, you should consider getting the best trading simulator or signal that is right for you.

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In this article, I have reviewed some trading platforms for beginners Australia 2022, including some important apps that would be beneficial to you.

Best Trading Platforms For Beginners Australia 2022

Here are some best trading platforms for cryptocurrency in Australia 2022, you can choose from any of the lists after checking the review I’ll be giving about them.

Some of these trading platforms render trading signals or trading indicators to its users, with this you can maximize profit and stop loss.

1. eToro Australia: eToro is basically one of the best trading platforms for beginners Australia in 1022 which is regulated by the Australian Securities and Investments Commission (ASIC) with Australian Financial Services Licence of 491139.

2. Exness Australia: as a beginner, I’ll suggest you check this trading platform. It offers trading signals to help you maximize your profit and also with a minimum deposit of $10 USD, you can make as much as $1000 if you follow the best trading strategy for forex traders.

3. Swissquote: This is one of the best trading platforms for bitcoin lovers in 2022, it offers trading services to Australians and to other 150 countries including the United Kingdom. On Swissquote, the rate of you losing your money is lean because it has a trust score of 99%.

4. Plus500: this is one of the best online trading platforms for beginners In Australia, it allows futures trading and options on futures. It is available in other countries including, Australia, United Kingdom and Cyprus. 

5. Eightcap: Eightcap was founded in 2009 and its company is based in Melbourne, Australia. The company is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). You have nothing to worry about, EightCap is not a scam and it is a low-risk trading broker platform.

6. Saxo Bank: It offers a demo account which you can use for practice as a beginner, in order to master the trade. It lets you test your trading ability and makes you understand some legit trading strategies that you need to understand in real time, just like a real account. It is one of the best trading platforms for day traders in Australia.

7 . TradeStation: Allows you to buy stocks, ETFs, options, or futures. The platform delivers the speed active traders demand in order to maximize profit using trading signals. 

8. Superhero: Looking for the best low cost trading Platform in Australia? Superhero trading platforms would handle that for you. Superhero is an online investment platform that lets you invest in Australian, US, and ETF stocks. Its superb wallet allows you to conveniently track your cash flow and shares, while the two-factor authentication and high-level encryption make this an exceptionally secure trading platform.

9. CMC Markets: CMC is rated as one of the best trading platforms in Australia for beginners in 2022. They charge a brokerage fee of about $29.95 or 0.11% and It is considered a low risk platform which is regulated by the Financial Conduct Authority. 

10. IG Markets:  Here’s one of the best online trading platforms for beginners australia. It is a constituent of the FTSE 250 Index and is traded on the London Stock Exchange. You can pay through bank transfers and there is no minimum deposit for this, but for credit/debit cards and PayPal, it is $300.

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All these are just the very best out of many online trading platforms for beginners australia. So before you choose a preferred one,kindly check out for these platform reviews below.

My Honest Reviews on all Best Trading Platform for Beginners in Australia 2022

Trading is a job that has a lot of potential for passive income, most successful traders have a number of features which they consider before Investing their funds. They study these trading platforms, create customised trading methods, and execute deals with precision. If professional investors follow these strategies, why can you as a beginner do so too.

You must confirm that the trading platform not only hosts your prefered asset class, but also offers reasonable fees and commissions. In addition, be sure the trading platform is licensed by a recognised agency such as the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority in the United Kingdom (FCA).

With these reasons, I have decided to give you some key reviews about some of these best trading platforms in Australia 2022.

eToro Australia Reviews

By default eToro is an automated crypto trading platform australia which is trusted by many stock traders because of its low risk feature. It offers over three thousand symbols which you can trade on,such as CFD s and Forex.

eToro’s minimum first deposit for starters in Australia is $50 and recorded a trust score of 93 and total tradable symbols of 3056. What an amazing platform to get your bucks into.

Is eToro good for beginners? 

Yeah, it is basically for beginners as it has a very good interphase and easy to understand trading tools for beginners. In addition, they provide guilds to make you learn how to read on their platform as fast as possible as a beginner from Australia.

What is the minimum deposit for eToro?

eToro’s minimum deposit varies according to your residing country. In Australia you’ll pay a minimum deposit of $50 while traders in the United Kingdom and the United States pay a fee of $10.

In Israel, traders pay upto $10,000 and other eligible countries pay from $200 – $1000 as the minimum first deposit.

If you’re doing your deposit through bank transfer, you’ll have to sum it up to $500. When registering a corporate or joint account, a minimum first-time deposit of $10,000 is required. 

How much can you withdraw from eToro?

You can withdraw a minimum amount of $30 irrespective of your country and the good news is that there is no limit to what you can withdraw. If you have the opportunity to withdraw $100,000, then do that.

How long does it take to withdraw money from eToro?

Withdrawn funds are typically processed within a few business days. Your withdrawal dashboard will show you the status of your funds. Some withdrawals from eToro in the United States may take up to 7 business days to appear in your bank account.

Can eToro make you rich?

It all depends on your own definition of being rich. eToro being one of the best trading platforms for beginners in Australia 2022 is very profitable. With the best trading strategy for beginners, you’ll be able to make yourself rich. But you have to know that there’s no guarantee for being rich by investing in crypto, as it is a game or either you lose or win, with this [your stake is at a great risk].

Is eToro good for day trading?

It also ranks for the best trading platform for day traders, many other traders have confirmed this. They find high probability trades that allow them to make excellent money in day trading with practice, experience, and a little bit of luck. You could become one of them if you invest the time and money required to gain experience.

What is the downside to eToro?

Apart from the fact that its customer care service is slow and unappreciated, it has high non-trading fees, as well as withdrawal and inactivity fees. Withdrawals can be slow, and USD is the only currency in which you can keep your money.

Here are some benefits and downsides of the eToro trading platform.

Pros;

  • Encourage social trading and copy trading.
  • You can also trade stocks, indices, ETFs, cryptocurrencies, and other assets without paying any commissions.
  • Online broker and trading platform that is extremely user-friendly
  • Trade thousands of assets at razor-thin spreads.
  • In the EU, the United Kingdom, and Australia, it provides indemnity insurance of up to EUR 1 million per client.

Cons;

  • Unappreciated customer service
  • Slow withdrawal process,for some countries
  • High non-trading fees
  • Spreads are pretty wide that making a profit will be very difficult.

Exness Australia Reviews

Exness is a good stock trading platform that provides traders with financial services and investment solutions that are tailored according to the needs of its clients.

Their aim is to accumulate more profit to its users by providing a clear and understanding app and website with the best trading indicators and signals. It requires a minimum deposit of $10 to get started and you can deposit through various means such as, webmoney, PayPal, Direct Bank deposit and more. 

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Is Exness a Good Company?

Exness a good company to work with, and being one of the best trading platforms in Australia 2022, it has Standard accounts that are recommended for all traders because they are the simplest and most accessible. 

Exness withdrawal Review: How long does Exness take to withdraw?

It takes up to 1-14 business days for exness to process payment. Based on my experience, all withdrawal requests 00 are processed instantly. The minimum amount you can withdraw to your bank card is $3 for web and mobile PAs and $6 for the Social Trading app, while the maximum profit withdrawal is $10 000 per transaction.

Pros;

  • Exness provides brokerage services that are both stable and reliable
  • Exness provides traders with tight spreads from 0.1 pips with no hidden commission fees involved.
  • It has tight security software.
  • Exness is not a scam it operates under relevant country’s providing low risk Forex and CFDs.
  • Payable minimum deposit of $10
  • Provides fast deposit

Cons;

  • Very competitive in trading fees and spreads
  • Withdrawal might be prolonged

Swissquote Reviews

Apart from the fact that Swissquote trading fees are high, it has an over review of 4.5 Stars, trust Score of 99, Offering of Investments of 4.5 Stars and Commissions & Fees    3.5 Stars. All these metrics makes it one of the best share trading platforms for beginners australia.

With a Swissquote account, you are eligible to trade in real time all over the world, Austria, Italy, Scandinavia, Euronext, Eurex, Forex, Euwax and more. Find out more about Swissquote Below.

Is Swissquote good for trading?

Swissquote is a low-risk share trading platform, with a Trust Score of 99. Swissquote Is good for Cryptocurrency because It is a publicly traded company that runs a regulated bank and is regulated by four tier-1 regulators (high trust), one tier-2 regulator (average trust).

Pros;

  • Easy set up of mobile and desktop apps
  • Daily reports provided in multiple languages
  • Commission-free trading

Cons;

  • No fixed spread accounts
  • Minimum deposit of $1,000
  • No US clients allowed

Plus500 Reviews 2022

Plus500 renders the best trading strategy for Beginners in Australia so as to maximize potential profits.But can you make a profit at Plus500? The percentage of you making money is high,only if you understand the best trading strategy to apply. 

To make money with Plus500, you can begin by opening buy or sell positions on instruments. Open a buy (long) position if you believe the asset’s price will rise, or a sell (short) position if you believe it will fall. Trading involves risk, and making these trades requires knowledge.

Is Plus500 good in Australia?

Plus500 is a well-known provider of commodity and forex trading for Australian retail traders. With over 2000 financial instruments, including CFDs on the stock market. As a beginner seeking for the best trading platform for day traders, you can plus500 out and you’ll never regret it.

Is Plus500 good For Beginners in 2022?

If you’re just starting out, Plus500 is not a 100% place to check out because it is complex to understand and it has low educational signals. But with the help of good trading strategies you can make enough money from plus500.

What is the minimum deposit on Plus500?

The minimum deposit on Plus500 is $100 through other payment gateway but $500 when paying through bank transfer.

Can I buy shares on Plus500?

With its advanced trading tools you can buy and trade Shares from markets such as the USA, UK, Germany and more with leverage and low spread and also have the ability to control your loss or gains .

Can Plus500 be trusted?

Plus500 is one of best trading broker australia which is regulated as a tier 1 forex and CFD broker with low trading and commision fees. It has a high overall trust score of 97 percent out of 100, is low-risk, and can be summarised as trustworthy and reliable.

Plus500 Pros and Cons

Pros;

  • Plus500 is considered low-risk, with an overall trust score of 99 out of 99.
  • Plus500 is a trusted online broker, regulated by top-tier authorities. 
  • No withdrawal fees applicable
  •  Low stock fee’s
  • Easy to use trading platform

Cons;

  • Not very good research tools
  • Hard to find educational tools
  • Average CFD fees

Good Read for beginners on plus500: 

Plus500 is not for you as a beginner, if you intend to execute trades within 2 minutes. On Plus500, CFDs are complicated instruments that carry a high risk of losing money quickly due to leverage.

When trading CFDs with this provider, 77 percent of retail investor accounts lose money. You should think about whether you understand how CFDs work and whether you can afford to lose your money.

Daytraders should be aware that scalping is defined at Plus500 as a “trading strategy based on the notion that client transactions are opened and closed within 2 minutes in order to accumulate quick profits from small price changes.” 

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If Plus500 suspects you of using this strategy, your account may be blocked and closed. 

IG Markets Reviews

IG stands for “Investors Gold Index” meaning that it allows you to trade gold prices as an index instead of buying the physical commodity. Is this platform good for beginners? Yes as a beginner you can actually maximize the features of this trading platform.

With reasonable spreads, thousands of trading instruments, and a cutting-edge news, research, and educational portal, it is a perfect fit for both beginners and market professionals. You can choose from a choice of platform alternatives and upgrade quickly as their accounts grow in value.

What is the minimum deposit for IG trading?

IG has no minimum deposit for bank transfers, but has a $300 minimum deposit for credit/debit cards and PayPal payment.

Pros;

  • Great deposit and withdrawal options; no minimum deposit
  • Superb educational tools and trading signals
  • Offers both small traders [beginners] and market professionals an avenue to trade
  • Offering traders access to Australian and international shares
  • Considered low-risk, with an overall Trust Score of 99.

Cons;

  • Slow customer support
  • Limited product portfolio
  • High forex and stock CFD fees
  • Not 100% advisable to immediate beginners.

These are some of the reviews about the best trading platform australia for beginners whonare willing and ready to get into the cryptocurrency world. 

Some of them are tagged best automated crypto trading platform australia, which with good trading strategies, you would be able to make more money. So as a beginner, what are the trading strategy that you ought to follow to become successful like other professionals in the market?

Best Trading Strategy For Beginners in Australia

How do I start trading in Australia? There are many trading strategy to implement when trying to trade in Australia and of which the most common way is by selling and buying shares or stocks from an online broking platform.

The top 5 day trading strategies for beginners In Australia Includes;

  1. Day trading
  2. Swing trading
  3. Scalping
  4. Mean reversion
  5. Money flows

The best trading strategy for Beginners in Australia is ”Day Trading“. Day trading is often associated with markets that have fixed closes time, although you can be a day trader and still trade markets that are open for more than 24 hours.

In addition, they tend to buy or sell multiple assets within the same day, and take profit anytime the signal or market is favourable to them.

How do beginners invest In Australia?

Here are some trading procedures to follow as a beginner that would be beneficial to you either you want to become a day trader or not.

1. Research which markets you can Trade in Australia

 Here is the first tools that you must have understanding of. Implementing this helps to reduce the percentage of you Lossing your money.

As a beginner focusing on this is helpful, as you have to choose a market to trade depending on what you’re interested in and how much you can afford to spend or loss. So be mindful when making researchs.

2. Practise using your strategy with a Trading demo account

Most trading platform provides beginners with demo account to enable them practice and reduce stake or investment loss. Investment platform such as IG, Exness, eToro and many more.

3. Decide on which crypto or stock to Buy

Find out what brings in profit to you mostly, decide on what stock makes the sell most and abide by it. Sticks such as BTC, Eutherum and BNB brings in most profit but the market might fluctuate. Just satke what you can intentionally loss.

4. Open an account to trade on live markets.

When opening a new trading account with some share trading platform for beginners australia, your name, contact details and address, date of birth and nationality, details of your income & savings might be required from you. Also, some for you  ID details would be requested, but you can add these later.

Best trading Apps for beginners in Australia

Summing It Up on the best trading platform for beginners Australia 2022

Most times you can use the trading app for beginners australia to access these platform for flexibility and security. 

You should note that, Beginners can make money in the market but also you can loss as much as you invest. 

Trading needs special training and coaching and I won’t advice you to venture into it with prior understanding and knowledge. Crypto or Shares trading is not for you as a beginner, if you intend to execute trades within 2 minutes and make money. 

It you need guide on trading strategy that works, you can Join the our WhatsApp forum by using the link at the end of this article. I’ll also be sharing some trading procedures PDF for beginners for free.

For noe this is all we could say about the best trading platforms for beginners Australia 2022. What have you gained so far from reading this piece? Drop your idea in the comments section and don’t forget to share to your friends and loves ones.

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