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# Best Online Investment Services in Australia (Lowest Fees!)
- URL: https://www.baldmoney.com/best-online-investment-services/
- Published: 2025-02-08T11:00:49.000Z
- Updated: 2026-06-13T07:18:26.000Z
- Description: Stop paying $20 per trade. I compare the best online share trading platforms in Australia for ASX, US shares, and ETFs so you can keep your money.
- Author: Baron Barnet
- Tags: Australia, Brokers, Investing, Shares, ETFs, Best Of

Looking for the **best online share trading platform in Australia**? By 'best' I mean the lowest cost to you as an investor. Different brokers charge various fees on the ASX and US markets for shares and ETFs. Therefore, I've highlighted the **best stock broker in Australia** for each of these four categories. To help you navigate, I've ranked the **low cost online brokers in Australia** across four main categories. If you are looking for the **best platform for buying ETFs in Australia**, you will want to avoid platforms with high brokerage or hidden FX fees.

## Best for U.S. Shares

| Service                                                                         | % fees\*                                                                         |
| ------------------------------------------------------------------------------- | -------------------------------------------------------------------------------- |
| [Interactive Brokers](https://www.interactivebrokers.com.au/?ref=baldmoney.com) | $1000 - 0.14%$2000 - 0.07%$3000 - 0.05%$5000 - 0.03%$10000 - 0.03%$50000 - 0.03% |

*\*Percentage costs take into account brokerage AND foreign currency (FX) conversion fees*

## Best for Australian shares (ASX)

| Service                                                                       | % fees |
| ----------------------------------------------------------------------------- | ------ |
| [Betashares Direct\*](https://www.betashares.com.au/direct?ref=baldmoney.com) | 0%     |

*\*300+ Australian shares*

## Best for Australian based (ASX) ETFs

| Service                                                                     | % fees |
| --------------------------------------------------------------------------- | ------ |
| [Betashares Direct](https://www.betashares.com.au/direct?ref=baldmoney.com) | 0%     |
| [Webull](https://www.webull.com.au/s/U1yauNR5BOqEvxAJEL?ref=baldmoney.com)  | 0%     |

## Best for U.S. based ETFs

| Service                                                                    | % fees |
| -------------------------------------------------------------------------- | ------ |
| [Webull](https://www.webull.com.au/s/U1yauNR5BOqEvxAa3c?ref=baldmoney.com) | 0%     |

## Worst for U.S. Shares

Superhero has earned a rip-off award here for their totally overpriced foreign exchange fee when converting from AUD to USD

| Service                                                       | % FX fees | Cost for $1000 AUD |
| ------------------------------------------------------------- | --------- | ------------------ |
| [SuperHero](https://superhe.ro/r/peter7125?ref=baldmoney.com) | 0.93%     | $9 AUD             |

💡

I've based my recommendations on the excellent data gathered by [Passive Investing Australia](https://passiveinvestingaustralia.com/online-trading-platforms-comparison/?ref=baldmoney.com). However Passive Investing Australia in no way endorses my recommendations and I am not affiliated in any way.

💡

[****Webull referral link**](https://www.webull.com.au/s/U1yauNR5BOqEvxAJEL?ref=baldmoney.com): Deposit AUD$2,000 or more and I get up to AUD$200 in Tesla shares and you also get up to AUD$200 of Tesla shares.