Global investing: 5 platforms that let you trade shares internationally and locally

When it comes to share trading, having a well diversified portfolio can help to lessen the brunt of short term volatility. One way investors try to diversify is by investing both locally and internationally. So the question is, what brokerage platforms let you trade in both Australia and internationally?

When choosing your platform, you’ll want to also think about what market you want to invest in. While you may only have access to US and Australian markets in a lot of cases, you’ll still be getting a wide selection of stocks and ETFs to choose from. For instance, the US stock market accounts for nearly 60% the international stock market by size*. 

There are a few options to choose from, each with its own fees and features which we’ll explore below. 

1. Tiger Brokers

You can trade US, ASX, & Hong Kong stocks as well as ETFs (exchange traded funds) on Tiger Brokers. Australian shares incur a small brokerage fee of $6.49 for trades up to $10,000 with any trades over instead incurring a brokerage fee of 0.05%. If you open a new account with Tiger Brokers, you can get a one brokerage-free trade per month, subject to T&Cs.

2. eToro

eToro gives you access to the ASX as well as a wide range of global shares (including the US). But shares aren’t the only thing available on eToro. You’ll also have access to commodities, cryptocurrencies, foreign currency, and ETFs. Plus, there are zero brokerage fees on shares. Just keep in mind that there is an FX fee with non-USD deposits and withdrawals. 

3. CMC Invest

CMC Invest gives you access to both the local ASX and a wide range of international markets. On top of this, you can also trade in forex. In addition, ASX shares have CHESS sponsorship, which means that they are held in your name. Also, your first ASX buy order of the day will be exempt from brokerage fees (restricted to under $1,000 per stock).

4. Stake

Stake allows you to invest in both the Australian and US stock markets. You’ll pay a flat brokerage fee of $3 for trades up to $30,000 (AUD for ASX and USD for Wall st). Any trades larger than $30,000 (AUD/USD) will have a 0.01% brokerage fee. You’ll get access to 2000 shares and etfs on the Australian stock market and over 6,000 in US ones. ASX stocks also have CHESS sponsorship.

5. Selfwealth

Selfwealth allows you to trade both US and ASX shares (with CHESS sponsorship), giving you access to a sizable portion of stocks at home and internationally. Both Australian and US shares have a flat brokerage fee of $9.50 AUD and USD respectively, regardless of trade size. 

Do note that this list is not exhaustive and there are many other available brokerage providers that let you trade and invest both locally and abroad. For most investors, the Australian and US markets can offer enough diversification. 

Not sure which one is right for you? At Mozo we have comparisons of stock brokerage platforms to help you find the one that meets your investing goals.

It's important to remember that investing in the stock market carries risk and past performance is not indicative of future results. It's always good to consult with a financial advisor before making any investment decisions.

Also, do note that this list is not exhaustive and there are many other available brokerage providers that let you trade and invest both locally or abroad. Not sure which one is right for you? At Mozo we compare a list of all the stock brokerage platforms on our database, helping you to make the best decision for your financial needs.