We found 11 online brokers that are appropriate for Trading Australian Trading Platform.
In Australia, understanding the tax landscape is crucial for compliance and effective financial management. This guide is tailored specifically for traders who want to remain tax compliant in Australia, covering key aspects of trading taxes, obligations for different business structures, and strategies to optimize your tax situation. It applies to various trading activities, including stocks, forex, and cryptocurrencies.
Disclaimer: This Aussie trading tax guide is for education only and should not be considered tax advice for traders in Australia. Go talk to a real certified Australian tax professional to understand your situation.
The Goods and Services Tax (GST) in Australia is a 10% tax. Typically, traders don't charge GST on financial transactions such as buying and selling shares. However, if you operate a trading-related service business, such as offering investment advice or trading education, you may need to register for GST if your annual turnover exceeds $75,000.
Example: If you run a trading education service with an annual turnover of $80,000, you will need to register for GST and include it in your service pricing. For instance, a $1,000 course will need to include $100 GST, making the total price $1,100.
Income tax is a significant consideration for traders, especially if trading is your primary source of income. Profits from your trading activities are taxed as ordinary income, meaning you'll be taxed at individual or corporate rates, depending on your business structure. Even casual traders need to report trading profits or losses in their income tax return.
Example: If you earned $50,000 from trading activities and fall into the 32.5% tax bracket, you would pay approximately $16,250 in income tax. Use deductions to lower your taxable income.
Capital Gains Tax (CGT) applies when you sell an asset, like shares, for more than you paid for it. In Australia, CGT is part of your income tax. The net capital gains are added to your assessable income, and you pay tax based on your marginal rate. If you hold an asset for over 12 months before selling, you may qualify for a 50% discount on CGT, provided you're an individual, a trust, or a partnership.
Example: If you bought shares for $10,000 and sold them after 18 months for $20,000, your capital gain is $10,000. With the 50% discount, $5,000 is added to your taxable income, potentially saving you $1,625 in taxes (based on a 32.5% marginal tax rate).
Stamp duty is a state or territory-based tax, mainly applying to property transactions. While it generally doesn't apply to financial assets like shares, it may apply to certain off-market transactions. Always check the specific rules in your state.
Learn more about stamp duty in New South Wales.
The Australian tax rates below are sourced from the official ATO website:
Taxable Income | Tax on This Income |
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$0 - $18,200 | Nil |
$18,201 - $45,000 | 19 cents for each $1 over $18,200 |
$45,001 - $120,000 | $5,092 plus 32.5 cents for each $1 over $45,000 |
$120,001 - $180,000 | $29,467 plus 37 cents for each $1 over $120,000 |
$180,001 and over | $51,667 plus 45 cents for each $1 over $180,000 |
Taxable Income | Tax on This Income |
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$0 - $120,000 | 32.5 cents for each $1 |
$120,001 - $180,000 | $39,000 plus 37 cents for each $1 over $120,000 |
$180,001 and over | $61,200 plus 45 cents for each $1 over $180,000 |
Sole traders report trading income and expenses as part of their individual tax return. Profits are taxed at personal income tax rates, but eligible deductions may reduce taxable income.
Example: A sole trader with $60,000 in trading income and $10,000 in deductions would be taxed on $50,000. This could lead to a tax saving of up to $3,250.
Partnership income is distributed among partners, who report their share on personal tax returns. Deductions are claimed individually based on each partner's contributions.
Example: A partnership earning $100,000 split equally between two partners would require each to report $50,000 on their personal tax returns.
Companies are taxed at a flat rate of 30% (or 25% for small businesses), which may be advantageous for high-profit traders. Companies can retain earnings, deferring tax until distributed as dividends.
Example: A trading company earning $200,000 would pay $50,000 in taxes at the 25% small business rate, compared to up to $90,000 if taxed at individual rates.
In a trust, profits are distributed to beneficiaries, who then pay tax at their marginal rates. This structure allows for income splitting, potentially reducing the overall tax burden.
Example: A trust earning $120,000 could distribute $40,000 to each of three beneficiaries, potentially keeping them in lower tax brackets.
Australian traders must maintain accurate records of all transactions to comply with the Australian Taxation Office (ATO) regulations. This includes details such as trade dates, asset prices, fees, and relevant notes. For example, if you bought shares for AUD $20,000 and sold them for AUD $25,000, you need to record the capital gain of AUD $5,000 and the brokerage fee of AUD $150 for compliance. [Learn more about ATO record-keeping requirements].
Australian traders must report all trading income, expenses, and capital gains in their annual tax returns. For example, if you earned AUD $10,000 in trading profits but incurred AUD $2,000 in deductible expenses such as brokerage fees, you must declare the net AUD $8,000 profit. Failure to accurately report these figures can result in penalties from the ATO. Engaging a tax agent can cost around AUD $300 to ensure accuracy. [Learn more about lodging tax returns].
Australian individual traders typically must lodge their tax returns by October 31. Missing this deadline can incur penalties starting at AUD $222 for being up to 28 days late. Traders using a registered tax agent may qualify for an extension. It’s crucial to pay any tax owed by the due date to avoid interest charges of approximately 8% annually. [Learn more about ATO penalties].
Australian traders can claim deductions for expenses directly related to trading activities. For example, brokerage fees of AUD $1,000 and software subscriptions of AUD $500 are deductible. Claiming these deductions can reduce your taxable income and overall tax liability. [Learn more about ATO deductions].
Traders in Australia can claim depreciation for assets like computers, desks, and trading equipment. For instance, a computer costing AUD $2,500 might qualify for an immediate deduction under the instant asset write-off if it meets the ATO threshold. Otherwise, it would depreciate over its effective life. [Learn more about depreciation rules].
Australian traders engaging in innovative activities, such as creating proprietary trading algorithms, might qualify for the R&D Tax Incentive. This can provide a tax offset of up to 43.5% for eligible expenses. For example, a trading firm spending AUD $20,000 on eligible R&D could receive a tax offset of AUD $8,700. [Learn more about the R&D Tax Incentive].
In Australia, choosing the right business structure can significantly impact your tax liabilities. For instance, high-income traders earning AUD $200,000 annually might benefit from establishing a company, as company tax rates (25–30%) are lower than individual marginal tax rates, which can reach 45%. [Learn more about business structures].
Strategically managing assets and timing sales can reduce capital gains tax. For example, selling shares after holding them for more than 12 months qualifies for a 50% capital gains tax discount for individuals. A trader earning AUD $10,000 in gains would only be taxed on AUD $5,000. [Learn more about CGT rules].
Efficient record-keeping is vital in Australia to ensure compliance and identify tax-saving opportunities. Using software like Xero, which costs approximately AUD $20 per month, can help you track expenses and deductions seamlessly. [Learn more about record-keeping].
Missing payment deadlines can lead to interest charges and penalties. For instance, a tax debt of AUD $5,000 with a general interest charge of approximately 8% annually would add AUD $400 in interest if unpaid for a year.
Accurately reporting all income is essential. For example, failing to declare AUD $15,000 in trading profits could result in penalties of up to 75% of the tax shortfall. The ATO frequently audits traders to ensure compliance.
Only claim deductions for legitimate trading-related expenses. For example, incorrectly claiming AUD $500 for personal expenses as a business cost may lead to penalties. Consult a tax professional if unsure about claim eligibility.
Consulting a tax accountant specializing in Australian trading taxes can help navigate the complexities of ATO regulations, maximize deductions, and ensure compliance. For example, engaging a registered tax agent for AUD $500 annually can save significantly by identifying tax strategies specific to your trading activities.
Traders in Australia face taxes like GST, income tax, CGT, and stamp duty. Your business structure affects your tax obligations, rates, and opportunities for deductions.
Maintaining accurate records, meeting deadlines, and seeking professional guidance can help traders optimize tax outcomes and remain compliant.
We have conducted extensive research and analysis on over multiple data points on Trading Taxes In Australia to present you with a comprehensive guide that can help you find the most suitable Trading Taxes In Australia. Below we shortlist what we think are the best Australian trading platform after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Trading Taxes In Australia.
Selecting a reliable and reputable online Australian Trading Platform trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Australian Trading Platform more confidently.
Selecting the right online Australian Trading Platform trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Australian trading platform trading, it's essential to compare the different options available to you. Our Australian trading platform brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Australian trading platform broker that best suits your needs and preferences for Australian trading platform. Our Australian trading platform broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Australian Trading Platform.
Compare Australian trading platform brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Australian trading platform broker, it's crucial to compare several factors to choose the right one for your Australian trading platform needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Australian trading platform. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Australian trading platform that accept Australian trading platform clients.
Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Accounts |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 65% of retail CFD accounts lose money | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Australian Trading Platform ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Australian Trading Platform for 2025 article further below. You can see it now by clicking here
We have listed top Australian trading platform below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.