It might have seemed like fanciful nonsense a few decades ago, but today it’s more realistic than ever to manage an entire investment portfolio from your smartphone. In fact, Australia’s private investors are more than twice as likely to use a trading app to execute a transaction or buy an asset than they were just three years ago. How to Choose the Best Day Trading Platform in Australia.

The good news is that there’s a bevy of options to choose from, with some platforms better suited to different types of trader than others. Before you select a platform, it’s important to consider your experience and trading goals as well as the types of assets you’d like to trade.

eToro AU

With 30 million users, eToro is the world’s most popular social trading and investing platform. It has a copy trading feature, a strong community and diverse asset classes to offer. The downsides are that it is relatively expensive if you’re not an active trader and its website seems outdated.

SelfWealth

Founded in 2012, SelfWealth is billed as “the trading platform for the everyday Australian.” It’s free to join and offers a full suite of trading tools including research and charting and supports both Android and iOS devices. It also offers a range of account options for beginner to advanced traders, low commission fees on global markets and $0 brokerage on ASX shares. It’s worth noting, however, that opening an account can take between 3 and 14 days.