How to Start Trading ASX Shares Online (5 Clear Things You Must Have to Start)

You don’t need a finance degree to build wealth, you just need the right starting point.

We share how to start trading ASX shares online, what you need and some important tips and tricks to watch out for.
For most people, the idea of trading shares can seem daunting, especially when you hear about the ups and downs of the stock market. But here’s the good news: starting your investing journey in Australia is easier than you think, and it doesn’t require any advanced knowledge of finance or a massive starting capital.

Trading shares, particularly on the Australian Securities Exchange (ASX), is one of the best ways to get into the investing world, whether you’re saving for retirement, your first home, or financial independence. And with the improved access to global stock markets, it’s never been easier or more accessible.

In fact, more Aussies are turning to online brokers to trade ASX shares than ever before. Whether you’re a young professional looking to invest your savings or a retiree interested in dividend income, the ASX offers a huge variety of opportunities to grow your wealth, with easy access to some of Australia’s largest and most well-known companies like Commonwealth Bank (CBA), CSL, and BHP.

But how exactly do you get started? Where do you begin? What are the steps to on how to start trading ASX shares online, safely and confidently?

In this article, we’ll break it all down. From understanding the basics of the ASX to setting up your trading account, we’ll guide you every step of the way. By the end, you’ll be ready to make your first trade and take the next step toward securing your financial future.

Step 1: What You Need Before You Start – How to Start Trading ASX Shares Online

Before you dive into the world of trading, there are a few essential things you’ll need to ensure you’re fully prepared. Here’s the checklist:

1. Your TFN (Tax File Number)

In Australia, trading shares is considered taxable income, so you’ll need a Tax File Number (TFN). Don’t worry, if you don’t already have one, it’s easy to apply for through the Australian Taxation Office (ATO).

2. A Bank Account

Your broker will need a linked bank account to deposit any funds you wish to invest. When you sell shares, the proceeds will be transferred directly to this account. Make sure to choose a transaction account that allows for easy fund transfers.

3. Valid Identification

Online brokers require verification of your identity before you can start trading. Expect to upload a photo ID and possibly proof of address to ensure your account complies with Australian regulations.

4. A Financial Goal

This is a critical step. Before you place your first trade, think about what you want to achieve from investing. Are you looking for long-term growth, regular dividends, or capital gains? Knowing your investment goals will help shape your trading strategy.

5. A Trading Account

Of course, you’ll need a trading account. With Macro Global Markets, signing up for an online trading account is quick and easy. As an AFSL-regulated broker, we offer a secure platform for you to trade both ASX shares and global stocks, all backed by expert support and a focus on your needs.

Step 2: Understanding the ASX and Why It’s a Great Place to Start

The ASX (Australian Securities Exchange) is Australia’s primary stock exchange, where shares of publicly-listed companies are bought and sold. It’s home to major companies like Commonwealth Bank (CBA), BHP, and CSL, but it also offers plenty of opportunities for smaller, growth-oriented companies.

Investing in the ASX gives you access to a diverse range of assets, including:

• Blue-chip stocks (e.g., CSL, Westpac, Telstra)
• ETFs (Exchange Traded Funds) that track broad market indexes
• LICs (Listed Investment Companies) that give you diversified exposure to specific sectors
• Bonds, REITs (Real Estate Investment Trusts), and other asset classes

One of the major advantages of investing in the ASX is transparency. Since all companies listed on the ASX are required to adhere to strict disclosure rules, you can often trust the information available to make informed decisions. While some companies shy away from heavy regulation, the strong Australian regulatory environment means that more trust can be put into company reporting. This makes the ASX ideal for beginners who want to invest in stable companies with a proven track record.

Step 3: Choosing Your Broker, What to Look For

Now that you understand the basics, it’s time to choose the right broker. The broker you pick will play a huge role in your trading experience, so it’s essential to choose carefully. Here’s what you need to look for when comparing online brokers:

1. Regulation and Trust

Make sure the broker is AFSL-regulated (Australian Financial Services Licence), ensuring they operate under strict Australian financial laws. This gives you peace of mind that your funds are secure and that the broker adheres to regulatory standards. Macro Global Markets is AFSL regulated and keeps your interests first, so you can focus on trading.

2. Fees and Hidden Charges

Understand the fees associated with your broker. Brokers typically charge either a flat fee per trade or a percentage of the trade value. At Macro Global Markets, we pride ourselves on transparent pricing, with competitive rates and no hidden fees. Be sure to read the fine print on any broker’s pricing page. Many of the low fee brokers charge a big foreign currency conversion fee, meaning they make their money on something that’s harder for the client to calculate. This isn’t how we do it here, so you’re in good hands.

3. User-Friendly Platform

Your trading platform should be easy to use, with clear and intuitive navigation. At Macro Global Markets, our platform is designed for both beginners and experienced traders, giving you access to ASX shares, US stocks, ETFs, and even more international stock markets with just a few clicks. It’s not just easy to use, it also has everything you need to advance your understanding of the stocks you buy. Finding this combination of easy to use with all the features is no easy feat.

4. Education and Support

For beginners, it’s essential to choose a broker that offers educational resources. Whether it’s webinars, video tutorials, or one-on-one support, having a trusted partner who can guide you through the process is crucial. Macro Global Markets offers phone and email support, plus resources to help you grow your skills.

Step 4: How to Open a Trading Account (Step-by-Step Walkthrough)

Opening a trading account online has never been easier. With Macro Global Markets, you can complete the process in under 10 minutes and be ready to trade as soon as your identity is verified.

Step-by-Step:

1. Start the Process
   Click “Open Account” and complete the application form steps.
2. Enter your details
   You’ll be asked for your full name, address, contact info, date of birth, and TFN. If you’re using a company or other structure, be sure to use the correct names.
3. Upload verification documents
   Most users can complete this with a driver’s licence or passport, and a utility bill or bank statement.
4. Link your bank account
   This is where your trading funds will come from and where proceeds from share sales are deposited.
5. Fund your account
   Once approved, transfer funds into your trading account via EFT or PayID. There’s no minimum funding requirement, but ASX minimum marketable parcels start from $500, meaning an ASX holding must be valued over $500.
6. Start trading
   Log in, search for the ASX ticker (e.g., BHP), view the live quote, and place your first buy order.
7. Learn with Macro
   Grow and develop your knowledge and experience with our Members Learning Centre, packed with resources to help you succeed.

Tip: If you’re unsure where to start, our onboarding team can walk you through your first trade step-by-step, just book a free intro session.

Step 5: Where to Focus?

This is where most beginners get stuck. “What shares do I buy?” There’s no one-size-fits-all answer, but there are solid starting points.

Beginner-Friendly Options – How to Start Trading ASX Shares Online

1. Blue-Chip Shares
   These are large, stable companies like Commonwealth Bank, BHP, Woolworths, and CSL. They tend to have lower volatility and often pay regular dividends.
2. ETFs (Exchange Traded Funds)
   Great for diversification. ETFs track an index like the ASX 200, giving you exposure to dozens of companies in one simple investment.
   • Example: VAS (Vanguard Australian Shares Index ETF)
   • Example: IVV (iShares S&P 500 ETF) if you’re investing in the US market
3. Dividend Stocks
   Ideal if you want income from your investments. Many ASX companies pay fully franked dividends, meaning you may get a tax credit along with the income (depending on your circumstances).
4. Building a Portfolio
   Many beginners don’t know what they are looking for, nor the likely results they will receive (along with all traders for that matter). Some beginners opt to build a portfolio with a mix of opportunities, from dividend stocks to blue chips and an ETF’s or two throughout.

Step 6: Avoid These 5 Common Beginner Mistakes

Even smart investors can fall into emotional traps. Here’s what to steer clear of:

1. Chasing hot tips
   Buying based on hearsay is rarely a winning strategy.
2. Overtrading
   Buying and selling too frequently can lead to poor decisions if they aren’t based on a proper strategy and in line with your plan. Ensure you have a solid plan before trading frequently.
3. Ignoring fees
   Small trading fees add up over time. Be aware of brokerage costs and account charges.
4. Investing money you need short-term
   Shares fluctuate. Invest money you might need in 3–6 months can lead to you having to sell assets before you are ready.
5. Failing to diversify
   Putting all your money into one company, or one sector, can backfire quickly. While many wealthy people have gone all in, it’s important to be careful and thought out in your dealings.

Avoiding some of the common mistakes is half the battle when you are wondering how to start trading ASX shares online. Couple this awareness of potential mistakes, with the tools and resources you need to succeed, and you’ll be up and running in no time.

What are the Risks of ASX Share Trading?

Investing in shares involves risks, including the potential loss of capital and tax ramifications. It’s important that you and your accountant assess your risk tolerance and investment objectives before making investment decisions.

The content on this website is educational in nature and not to be deemed as direct advice or personal recommendations.

Step 7: Tools & Resources to Help You Succeed

At Macro Global Markets, we believe education is just as important as execution. That’s why we provide:

• Live market data and intuitive dashboards
• Access to research and news on all major ASX companies
• Built-in charting tools and reporting to track performance
• A beginner video and webinars library: placing orders, managing risk, understanding dividends
• Dedicated support from our Australian-based team, offering phone and email support.

Learning how to start trading ASX shares online doesn’t have to be a solo mission, join forces with Macro Global Markets and we will take you on the journey to learning how it all works.

Step 8: Why Choose Macro Global Markets?

There’s no shortage of brokers in Australia. But here’s what sets Macro apart:

Feature	Macro Global Markets	Other Brokers
AFSL-Regulated	✅	✅ or ❌
Local Support	✅	❌ (overseas call centers)
Transparent Pricing	✅	Often hidden fees
ASX + US Markets	✅	Some limit access
Beginner Education	✅	❌

When you’re getting started, you need more than just a platform, you need a partner. This doesn’t change as you grow, if anything it probably increases. Our team is here to guide you, educate you, and support your journey from your first trade to your long-term goals.

If you’re asking yourself, how to start trading ASX shares online, then you are probably ready to take the next step to at least learn the ropes.

Beginner Education on How to Start Trading ASX Shares Online

When you ask, how to start trading ASX shares online, we help clear up many of the questions you might have to ensure you feel confident to take the next step.

From blog content through to macroeconomic insights, or as we call it – The Big Picture, Macro Global Markets covers a wide range of content to help you improve your trading. We also provide tutorials on using the platform, how to place orders and even how to trade algorithmically.

By keeping trading costs low, providing education and training to our clients and giving excellent service, Macro Global Markets gives you a great start when it comes to trading and investing in ASX and US stocks.

Ready to Start? – How to Start Trading ASX Shares Online

There’s no better time to begin building your wealth. The earlier you start, the more time your investments have to grow. Whether you’re investing $500 or $50,000, you deserve a trusted, regulated partner who puts your interests first.

✅ Open your trading account with Macro Global Markets today
Or
📞 Book a free onboarding call with our team and get the guidance you are looking for.

Still have questions about how to start trading ASX shares online? Contact us so we can help answer your questions and give you the confidence you need to make a start.

FAQ – How to Start Trading ASX Shares Online

Can I start trading with $500 in Australia?

Yes, with some caveats. While some brokers require minimum deposits, Macro Global Markets lets you start with as little as you’re comfortable with. For example, if you are looking to Dollar Cost Average with a weekly savings plan, you can deposit when you like without worrying about minimums. It is important to note that an ASX parcel of shares must meet the minimum marketable parcel requirement of $500 of value in any one stock.

Do I have to pay tax on my ASX shares?

Capital gains and dividends are generally taxable. If dividends are franked (either fully or partially), you may receive a tax credit that can offset your payable tax, it is important to speak with your accountant to understand your position when it comes to tax.

How do I know what ASX Shares to invest in?

Blue chip shares often have reduced volatility, while ETF’s track indices and other metrics. Deciding what you choose to invest in becomes easier when you learn more about each type of share. Macro Global Markets provides education on share types, their benefits and drawbacks so you can be more informed when it comes to decision time.

Is investing risky?

All investing carries risk, so it’s important to be aware of the benefits and challenges you may face along the way. That’s why we support you with education, training and ideas that will help improve your knowledge around investing and trading.

Have more questions? Check out our FAQ page for more on how to start trading ASX shares online.