When looking for a stock broker in Melbourne Victoria, it is vital to do your research. There are plenty of companies in the city, and you want to make sure you’re getting the best service. With that in mind, we’ve put together a list of the best brokers in the area.

eToro

You can trade shares, bonds and futures with eToro. It is one of the most popular platforms for investors because it provides a wide range of trading tools.

The platform features a social trading feature. Traders can copy trades of successful traders. They can also learn from other investors, ask questions, and read news about the markets.

eToro offers a free demo account. It is simple to open an account. Before you can start investing, you must verify your email address and accept eToro’s terms. Once you are ready to deposit funds, you can use a credit card, PayPal, or Western Union.

For Australian users, eToro does not charge a commission. However, there is a small fee for currency conversion when you deposit money. This fee is only 1% if you are making a bank transfer. Unlike other brokers, eToro does not charge for leverage positions.

Aside from a large selection of stocks, eToro offers CFDs. These are contracts for differences, which means you get paid if the price goes down or up.

eToro also has an app that allows you to buy and sell stocks. The app includes two-factor authentication for added security. In addition, eToro encourages its users to make a deposit of at least $50.

One of the best features of eToro is its CopyTrader function. When you open an account, you are able to automatically replicate trades made by other traders. With the CopyTrader feature, you can follow other investors’ stock and crypto portfolios and see their trades in real time.

IC Markets

IC Markets is a leading provider of financial markets services. They specialise in CFDs, but also offer a variety of other products. Their focus is on providing the best possible trading experience. The company is regulated by the Australian Securities and Investments Commission, the Cyprus Securities and Exchange Commission, and the Financial Services Authority (St Vincent & Grenadines).

IC Markets is a full-service broker. Their customer service team offers 24/7 live chat, as well as a range of other options. IC Markets has over 100,000 active clients worldwide. If you are new to trading, they have a number of free educational resources to help you get started.

IC Markets is a popular broker for both day traders and scalpers. With their fast execution and low spreads, they are perfect for algorithmic strategies.

IC Markets offers a range of accounts to suit all trading styles. Their Standard account is commission-free. However, the Raw Spread is the more recommended choice for professionals. It offers access to over 60 currency pairs. You will need to pay a commission for the MetaTrader platform.

For beginner traders, IC Markets offers free technical analysis and educational material. In addition, the company posts several articles on its blog and YouTube channel every day. This includes a daily market analysis segment.

In order to protect its customers, IC Markets is regulated by the Australian Securities and Investments Commissioner. ASIC monitors the financial services industry and has the power to issue infringement notices if a firm breaches the law.

IG

IG is a popular online broker with a great reputation. This online investment firm is based in Australia and has a strong presence in Melbourne. The brokerage offers several services to its clients. Some of the services include forex, CFDs, and exchange-traded securities.

In addition to trading, IG offers excellent education facilities. There are many educational resources available including webinars, videos, and articles. These are accompanied by an extensive online help portal. They also offer an impressive social community.

IG is a good option for investors who want to make the most of their investments. Their website includes a market analysis section with numerous helpful articles and videos.

IG also offers a great mobile app. It is one of the best investment apps in Australia. IG’s app features a sleek interface with a plethora of features.

IG has been in business since 1974. They are listed on the London Stock Exchange. Customers can fund their accounts with credit and debit cards. IG also offers a PayPal account.

If you are an Australian or New Zealand resident, you can open a share trading account with IG. You will need a minimum deposit of AU$450.

IG is a leading provider of education and information. The company offers free seminars and webinars. You can also sign up for an IG Academy course.

IG has an impressive selection of charting options. Charts on the IG platform are easy to set up and use. IG also integrates Autochartist, which automatically generates trade signals.

SelfWealth

SelfWealth is an Australian-based financial services company based in Melbourne. It provides online brokerage services. Founded in 2012, it offers a range of investment solutions to retail investors.

SelfWealth’s core business is to provide clients with access to both the Australian and US share markets. The brokerage company supports trading of securities listed on the ASX, NASDAQ, and NYSE.

SelfWealth’s website is primarily aimed at novice traders and investors. They offer a comprehensive training section that can be used by beginners. However, most of the information is not suited to more experienced traders.

The company provides low cost online brokerage. It charges a flat fee of $9.50 (AUD) per trade. Moreover, the brokerage does not charge any fees for deposits, withdrawals, or financial advice.

In addition to shares, SelfWealth offers access to a variety of other assets. For example, it offers access to selected cryptocurrency assets. These funds are held in segregated trust accounts.

SelfWealth’s financial accounts are audited. Each account is published. Also, all deposits are subject to the Financial Claims Scheme, which guarantees up to $250,000 in damages in case of bankruptcy.

SelfWealth has a low minimum deposit requirement, which is $500 for the Australian market and $100 for the US market. Additionally, the broker accepts American Depository Receipts and commission-free bank transfers.

SelfWealth’s mobile app is also available. This application enables users to track the performance of their portfolios. It also allows qualitative analysis of the market situation.

Avatrade

AvaTrade is an online broker that offers trading in stocks, CFDs and commodities. It also provides a platform for trading cryptocurrency.

AvaTrade’s site is easy to navigate. It has a variety of tools, including a demo account and earnings calendars.

AvaTrade Australia’s educational platform includes a series of videos and a step-by-step guide to trading. The website also offers a live chat feature.

AvaTrade has a dedicated telephone number for Australian customers. Its website has a FAQ section that addresses common questions.

AvaTrade is regulated by the Australian Securities and Investment Commission and the Japanese Financial Services Authority. Additionally, it is authorised by the Central Bank of Ireland and the Investment Industry Regulatory Organization of Canada.

It’s not hard to see why AvaTrade has earned so much respect. It’s got a great track record, and it has more than 200,000 registered users in over 150 countries.

Its two-day settlement process means that your money hits your account two days after you make a trade. Traders have the option of selecting from a range of currencies, including EUR, AUD and GBP.

AvaTrade’s trading hours run from Sunday 21:00 GMT until Friday 21:00 GMT. There is a minimum deposit of $100 USD.

AvaTrade’s AvaSocial app is a good place to start learning from professional traders. This mobile app allows you to follow the trades of experts and automate your own.

AvaTrade’s blog keeps you in the loop with market news and events.