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Invest · Best brokers for Australia
Best Brokers for Buying US Stocks from Australia (2026)
Best platforms for Australian investors to buy US stocks — IBKR, Stake, and CMC Markets compared by FX cost, ASX access, and account fees.
Our recommendation for Australia
Australian investors benefit from IBKR's ASIC regulation and competitive pricing. For US stocks, IBKR's FX cost is the lowest available. Stake (an Australian-focused competitor) charges 0.7% FX fee — 7x more than IBKR. For significant US stock allocation, IBKR is clearly superior.
Frequently asked questions
How does FX work for Australians buying US stocks?
You transfer AUD to your IBKR account, convert AUD to USD using IBKR FX Trader at 0.08–0.2 bps spread, then buy US stocks with USD. Total FX cost on $10,000 is ~$10. Alternative: brokers that automatically convert for you typically charge 0.5–1.5%.
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Full rankings by FX cost per $10,000 invested