Brokerpoint Australian stocks trading availability

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Independent

Can I buy Australian stocks at Brokerpoint as of December 2024?

Curious if you can add some Australian stocks to your portfolio through Brokerpoint? No worries, we’ve got the answer for you right here.

Great news: you can trade Australian stocks at Brokerpoint. So if you're ready to explore the market in the land of Oz, you're in the right place.

Buying Australian stocks is a good way to diversify your portfolio (AI-generated image)

All you need to know about trading Australian stocks at Brokerpoint

Tamás Gyuriczki

Investments • Stock Market • Market Analysis

Together with my brokerage analyst colleagues, I thoroughly tested the services of Brokerpoint by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about trading Australian stocks at Brokerpoint:

Brokerpoint is among the few global brokers where you can trade stocks on the Australian Securities Exchange (ASX).
Trading in Australian stocks is rarely free, so expect to pay a fee.
Check out the best brokers for Australian stocks to see your top available options.

Before we begin, let's see if Brokerpoint is available in your country:

No, you can't open an account at Brokerpoint if you live in the United States!

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Brokerpoint

3.7/5

Minimum deposit

Stock fee

Low

FX fee

Low

Inactivity fee

yes

Account opening

>3 days

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Brokerpoint is one of the select brokers where you can trade Australian stocks

Let’s say you are an adventurous investor, sipping your morning coffee while scanning global markets. You’re tired of the same old US and European stocks and want to diversify your portfolio to include companies from less major markets. So you start to wonder, “Where can I trade Australian stocks, which brokers offer this?”

Well, crack a bottle of Foster's, because Brokerpoint is among the small number of global brokers where you can trade Australian stocks. If you want to diversify your investments by buying stocks from Down Under, Brokerpoint is a good choice.

The Australian Securities Exchange (ASX) is the primary stock exchange in Australia, located in Sydney. It offers a range of financial products including equities, derivatives, and ETFs. The ASX 200 is its main index, representing the 200 largest stocks on the exchange. Approximately 2,000 companies are listed.

Trading Australian stocks usually carries a fee

While you might be able to trade stocks commission-free at many brokers for major markets like the US and Europe, this isn't the case for all stock markets. So, if you're eyeing stocks from a less common market, like Australia, expect to pay a bit extra. It's kind of like when you go to a specialty store for a unique beer – the rare stuff usually costs more.

Now let’s check out exactly what fees you will face when trading Australian stocks at Brokerpoint:

Australian stock trading fees at Brokerpoint: 0.1%, AUD 5 minimum

Alright, let's take a closer look at what Brokerpoint has to offer overall. Here’s a handy table that breaks down all the essential details:

Brokerpoint main highlights
💰 Brokerpoint stock fee class	Low
📃 Brokerpoint number of available stock markets	90
💰 Brokerpoint minimum deposit	$0
💰 Brokerpoint inactivity fee	Yes
📃 Brokerpoint deposit methods	Bank transfer
🗺️ Country of regulation	Ireland
🎮 Brokerpoint demo account provided	No

Data updated on December 11, 2024

Browse the best competitors for trading Australian stocks

Is Brokerpoint not available in your country? Not fully satisfied with its overall? Wondering if there is another broker that also offers Australian stocks, but with better overall service and conditions?

Head over to our toplist of the best brokers for trading Australian stocks to explore Brokerpoint’s top competitors for diversifying your portfolio with stocks from Australia. Browse through our curated selection of top-notch brokerages to see if you can go one better than Brokerpoint!

FAQ

What is the largest stock exchange in Australia?

The largest stock exchange in Australia is the Australian Securities Exchange (ASX).

Can I invest in the Australian stock market?

There are no limitations in general to invest in Australian stocks. All you have to do is find a broker that makes this market available for you.

What are the fees for trading Australian stocks?

The exact fee varies by broker. But expect to pay some type of commission - usually, brokers will set a percentage fee of the trade value, and also charge a minimum fee. For example, 0.2% of trade value, with a minimum of AUD 10.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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