How Do I Buy Shares in Australia on eToro?

Written by Mike Druttman

Fact checked by Nick Zelver

Updated Mar, 2024

To buy shares in Australia on eToro, first sign up or log into your trading account. Then, search for and select the Australian stocks you're interested in from the platform. Finally, decide your investment amount, set your trade preferences, and execute the trade or set an order if the market is closed.

The eToro platform offers access to approximately 200 stocks listed on the S&P/ASX 200, the index for stocks on the Australian Securities Exchange. If you're keen on purchasing real Australian shares, here's a guide I've created based on my trading experience.

The Step-by-Step Process to Buy Australia Shares

1. Sign Up or Log In: To start, sign up for a trading account if you're new; the process is simple on their website or app. Existing users can just log in..
2. Find ASX Stocks: After logging in, select "Discover," then "Stocks." Choose "Exchange" and select "Sydney" to access the Australian exchange.
3. Select an Australian Stock: You'll see a list of Australian stocks available for investment. The last time I checked, there were around 200 choices here. Pick the one you want to trade.
4. Determine Your Investment: Decide how much to invest in your chosen stock. Remember, eToro's minimum stock investment is $10.
5. Keep the Leverage to X1: For buying real shares, ensure leverage is set to X1. This means you're purchasing actual stocks without using leverage. Using leverage above X1 turns your trade into stock CFDs.
6. Customize Stop Loss and Take-Profit: Adjust your trade with stop-loss and take-profit settings according to your trading strategy. If you're unfamiliar with these, research to align them with your investment objectives.
7. Execute or Set Your Trade: Finally, click "Open Trade." If the market is closed, use "Set Order" to place your order once the market opens. Congratulations, you've successfully bought Australian shares on eToro!

I hope this guide has given you clarity on how to trade eToro Australia shares on the platform. That's how you do it – straightforward and user-friendly. May your trading journey be efficient and insightful, leveraging the opportunities that this broker offers for investing in the Australian market.

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. 76% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

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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.