To get started, you’ll need a broker that allows Australian residents to access U.S.-listed shares, ETFs and options. Not every broker offers the same combination of markets, products and permissions, so it’s important to choose one that suits international investing.

Common brokers used by Australians accessing U.S. markets include Interactive Brokers, moomoo, Tiger Brokers and tastytrade. Each has different strengths, and availability, fees and options permissions should always be checked directly with the broker before opening an account.  

Interactive Brokers is known for broad market access, competitive pricing and strong options functionality. It can feel more advanced at first, but it offers a wide range of tools for investors who want flexibility.

Moomoo and Tiger Brokers tend to appeal to investors who prefer a more app-based experience and simpler interface, while still offering access to U.S. markets.

Tastytrade is built with options traders in mind, with platform tools designed around options strategies and trade management.

Before choosing a broker, make sure it:

• accepts Australian residents

• provides access to U.S.-listed options, not just shares

• supports the types of options trades you plan to use

• offers the approvals or trading permissions required for those strategies

The Setup Process

The setup process is similar to opening any brokerage account. You will usually complete identity checks, provide tax residency details, and answer questions about your investing experience.

Identity verification

You will typically need to provide identification such as a passport or driver’s licence, and sometimes proof of address.

Tax residency information

As an Australian resident investing in U.S. markets, you will usually need to confirm your tax residency as part of account setup.

The W-8BEN form

This is an important step. The W-8BEN is the IRS form used by non-U.S. investors to certify their foreign status and, where eligible, claim the benefits of the U.S.–Australia tax treaty. Without it, U.S. dividend withholding may apply at the default rate; with a valid W-8BEN and treaty eligibility, the withholding rate is generally reduced. Brokers typically include this as part of the account-opening process.  

Funding Your Account

Once your account is open, you will generally need to fund it in U.S. dollars or convert Australian dollars into U.S. dollars through the broker or your bank.

Funding methods vary by broker, but may include bank transfer and other supported methods. Currency conversion costs, transfer fees and transfer times can differ meaningfully between platforms, so it is worth checking the details before sending funds.

For larger balances, foreign exchange costs can make a noticeable difference over time.

Getting Approved for Options Trading

One point that surprises many first-time investors is that options trading is not always enabled by default.

Many brokers use separate options approval levels. To trade strategies such as covered calls or long-dated calls and puts, you may need to complete an additional approval step based on factors such as your experience, financial profile and intended use of options. Broker support materials also note that options involve risk and are not suitable for every investor.  

If you are new to options, do not let that put you off. The key is to understand the strategy you are applying to use and answer the broker’s questions accurately.

Currency and Tax Considerations

Because you are investing in U.S. markets, your results will also be affected by the AUD/USD exchange rate. That can help or hurt your returns when measured back in Australian dollars.

There may also be Australian tax consequences from foreign income, option premiums and capital gains, depending on your circumstances. Good record-keeping is essential, and it is worth speaking with an accountant who understands international investing.

Your 80DELTA Membership Walks You Through It

If this all sounds like a lot, don’t worry. Your 80DELTA membership walks you through the process step by step — from choosing a broker, to completing the W-8BEN, to understanding options approvals and making your first trade.

Once the account is open and funded, the mechanics become much more straightforward.