In order to trade successfully, it is very important to choose the right broker. in Australia, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best stock brokers for fractional shares in Australia 2026. You can compare their features and trading conditions.
1
eToro - Best for fractional shares in Australia
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders from Australia:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders from Australia:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
Easy Equities - Best for fractional shares in Australia
Easy Equities (EasyEquities) is a US stock broker providing financial services in the international market. The company opens access to South African, American and Australian markets and provides an opportunity to trade fractional shares. Investors can choose an individual or corporate account and there are also accounts for children. EasyEquities is a part of two licensed financial services companies — First World Trader and Purple Group.
👍 Advantages of trading with Easy Equities for traders from Australia:
•Demo accounts with two base currencies to choose from: USA and ZAR.
•Low trading commissions and zero non-trading fees.
•An account for children under age.
•No required minimum deposit amount.
•A possibility to invest independently or use investment offers of the broker.
•Residents of the majority of countries can open an account with the broker.
•Fractional shares are among trading instruments available to traders.
👎 Disadvantages of Easy Equities for traders from Australia:
•Deposit and withdrawal take several days.
•The broker offers very few methods of contacting customer support.
•There is no information about the authorities regulating the operation of Easy Equities.
3
Charles Schwab - Best for fractional shares in Australia
Charles Schwab is one of the largest financial services firms in the United States and globally. Founded in 1971, it is headquartered in Westlake, Texas. The company provides brokerage, banking, and financial advisory services. Clients can trade stocks, options, ETFs, bonds, mutual funds, futures, annuities, money market funds, and cryptocurrencies. There are no fees for opening or maintaining an account, and there is no minimum deposit requirement. Online commission for most trades in stocks, ETFs, options, bonds, and mutual funds is $0. Charles Schwab is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) in the United States.
👍 Advantages of trading with Charles Schwab for traders from Australia:
•No minimum deposit requirement.
•Access to international stocks from 30+ countries through different investment approaches and instruments.
•Direct online access to trading on 12 foreign exchanges.
•Trading is available through desktop platforms, web-based solutions, and mobile apps.
•$0 commission for many trades in stocks, ETFs, options, mutual funds, and bonds.
•24/7 client support via online chat.
👎 Disadvantages of Charles Schwab for traders from Australia:
•No demo accounts.
•No access to the foreign exchange market.
•Withdrawals are processed only in U.S. dollars and are not converted into other currencies.
4
CommSec - Best for fractional shares in Australia
Commonwealth Securities (aka CommSec) is an Australian stockbroker that has been providing financial services since 1995. It is a subsidiary of the Commonwealth Bank of Australia and is registered and regulated in Australia. CommSec provides the ability to trade and invest in stocks, exchange-traded funds, options, securities, and IPOs. The broker uses the clearing and settlement services of ASX Clear Pty Ltd and ASX Settlement Pty Ltd, respectively. Throughout its operations, this broker has won the title of "Best Online Broker for Banking Operations with Functional Capabilities” an amazing fourteen times.
👍 Advantages of trading with CommSec for traders from Australia:
•The company offers accounts with different forms of ownership.
•Communication with the support service is convenient for its clients.
•There is no account maintenance fee.
•CommSec offers a variety of assets to create a diversified portfolio.
•Traders can trade both with their own funds and with margins.
•The broker offers clients two mobile applications: CommSec - for full-fledged trading, and CommSec Pocket, which has limited functionality and is aimed at novice investors.
•Customers participating in the CommSec One program receive trade benefits.
👎 Disadvantages of CommSec for traders from Australia:
•There is no possibility to check the broker's trading conditions on a demo account.
•There are no passive income programs or services at CommSec.
•The broker's website contains incomplete data on trading conditions.
5
Stake - Best for fractional shares in Australia
Stake is a broker that has been providing trading services for U.S. securities in the United Kingdom, Australia, New Zealand, and Brazil since 2017. It is regulated by the Financial Conduct Authority (830771) and is licensed for financial services in Australia. Stake offers its clients zero fees on trades in U.S. stocks and ETFs, a convenient and easy-to-use mobile trading app, and investment protection from the FSCS and SIPC. The trading conditions for clients from different countries are similar, but there are slight differences. In this review, the main focus is on the UK branch of Stake.
👍 Advantages of trading with Stake for traders from Australia:
•Available minimum deposit size for medium- and long-term strategies.
•Regulation in multiple jurisdictions, including by the FCA.
•Zero trading fees on unlimited trades in stocks, ETFs, and ADRs listed on U.S. exchanges.
•Easy-to-use trading platforms.
•Ability to invest in equities.
•Lightning-fast and fully digital account opening.
•Offers one free stock to every new customer who deposits within 24 hours of account opening.
👎 Disadvantages of Stake for traders from Australia:
•Having a GBP to USD (and vice versa) conversion fee for deposits and withdrawals.
•The list of countries whose citizens can become a client of the broker is limited. Registration is not available for U.S. residents.
•There is no online chat and telephone support is not available.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
eToro Commissions and Fees
Registration on the eToro platform is free. The broker does not charge a fee for opening and closing long positions on stocks quoted at the US stock exchanges. The stocks of other markets are available as derivatives, with eToro charging a trading fee on them in the form of the spread. Also, the fees are applied to short positions and leveraged orders. The company accepts and allows withdrawals of only US dollars. If a client deposits or withdraws another currency, it is converted into USD at a fee of 0-50 pips. Members of eToro club get a 50-100% fee reduction on conversion. If a client shows no activity for a period of 12 month, the broker charges the inactivity fee of $10. There is no deposit fee. eToro charges $5 on each withdrawal.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$5 |
Yes |
|
Pro |
from $1.1 |
$5 eToro’s fee + the fees of payment systems |
Easy Equities Commissions and Fees
Traders Union analyzed Easy Equities trading and non-trading commissions and fees. Easy Equities does not charge non-trading fees (for funding the account, using the trading platform, account servicing). Trade execution fee is 0.25%, minimum commission is USD 0.01. Withdrawal fee depends on the base currency of the account. Specifically, traders who use ZAR as their base currency do not pay a withdrawal fee, while for international withdrawals in USD the fee is set by the bank.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
ZAR |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
USD |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
AUD |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
TFSA |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
RA |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
EasyProperties |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
Charles Schwab Commissions and Fees
There is no brokerage commission for stocks, ETFs, and options. These conditions do not apply to over-the-counter stocks, mutual funds with transaction fees, futures contracts, and trades executed directly on foreign exchanges or the Canadian market. Options trading is subject to a fixed commission of $0.65 per contract. If a trade is conducted through a broker rather than online, an additional service fee of $25 is charged, and $5 is charged when using an automated phone system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
All account types |
$0 |
Bank commission |
CommSec Commissions and Fees
Experts at the Traders Union checked the CommSec company for hidden commissions and the size of the trade and non-trade commissions. No hidden payments were found at Commonwealth Securities. The commission for the execution of trades is from $10 for trading in shares, provided that the trade size is less than $1,000. For trades in the amount of $1,000 to $10,000, a commission of $19.95 is charged, and for trades from $10,000 to $25,000, the commission is $29.95. Trades over $25,000 are subject to a 0.12% commission. When trading via CommSec Pocket, the commission is $2 for trades up to $1,000 and 0.20% of the trade amount if it exceeds $1,000. There is no account maintenance fee.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Individual |
From $10 |
Not available for CDIA accounts and CDIA SMSF option accounts |
|
Joint |
From $10 |
Not available for CDIA accounts and CDIA SMSF option accounts |
|
Corporate |
From $10 |
Not available for CDIA accounts and CDIA SMSF option accounts |
|
Trust |
From $10 |
Not available for CDIA accounts and CDIA SMSF option accounts |
Stake Commissions and Fees
Stake does not withhold commissions for trading stocks and ETFs. However, the broker does charge non-trading fees. The monthly fee for using a Stake Black account with advanced features is $9. The fee for express deposits, deposits, and withdrawals in foreign currencies (GBP converted to USD and vice versa) through partners is 0.5% of the amount, but no less than $2. If a client transfers funds in USD, not through a direct Stake partner, each transfer will cost $5. The SEC fee for dealer and stock market regulation costs $0.051 for every $10,000 (charged only on sales of securities). The TAF sales charge is $0.000119 per share with a $5.95 transaction limit. The ADR fee is $0.01-$0.03 per quarter.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard Account |
From $5.95 |
Yes |
|
Stake Black |
From $5.95 |
Yes |
|
Limited Purpose Margin Account |
From $5.95 |
Yes |
Summary
Many brokers are available for traders from Australia, but not all of them offer good conditions. In this review, TU experts chose the Best stock brokers for fractional shares in Australia 2026. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Stock Brokers For Fractional Shares in Australia
| eToro | Easy Equities | Charles Schwab | CommSec | Stake | |
|---|---|---|---|---|---|
|
Overall score |
6.7 |
3.95 |
7.04 |
3.96 |
4.07 |
|
Execution of orders |
9.1 |
5.44 |
8.3 |
5.54 |
5.84 |
|
Investment instruments |
10 |
5.9 |
8.9 |
6 |
6.3 |
|
Withdrawal speed |
5 |
5.5 |
8.7 |
5.6 |
5.9 |
|
Customer Support work |
9.3 |
5.8 |
8.5 |
5.9 |
6.2 |
|
Variety of instruments |
7.2 |
5.28 |
8.2 |
5.38 |
5.68 |
|
Trading platform |
9.8 |
6 |
9 |
6.1 |
6.4 |
|
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FAQ
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Best Stock Brokers For Fractional Shares by Countries
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
