The best online share trading platforms in Australia in 2021

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Over the last year and a half it's fair to say that interest in share trading has skyrocketed - particularly among younger Aussies.

Recent research conducted by Investment Trends found that a whopping 1.43 million Australians made at least one trade in the 12-month period to May 2021, which is a 35% year-on-year increase.

Every one of those investors will have different goals and needs, but having access to one of the best online trading platforms or apps around will be an important consideration for many. And that’s where the Mozo Experts Choice Awards for Share Trading come in. 

In 2021, our Expert Judges put in the hard yards by analysing 76 online share trading platforms from 29 providers to find the best share trading platforms in Australia.

So, whether you’re dipping your toes into the world of investing for the first time or you're looking to grow your existing portfolio, we’ve hand-picked some of this year’s standouts for regular and active traders. Check them out below.

Best Casual Trader Awards

Casual traders generally prefer making smaller or infrequent trades, whether that’s via the Australian Securities Exchange (ASX) or international exchanges. These traders also appreciate lower brokerage fees which won't eat into their investments.

Superhero Live Account
  • Flat $5 brokerage on ASX listed shares
  • $0 brokerage when you purchase ETFs ($5 when you sell)
  • $100 minimum investment

Superhero may be one of the newer players on the market, but it's hit the ground running by providing some of the best value around. There’s no monthly fee, a low flat-rate brokerage fee of just $5 on ASX listed shares, and zero brokerage on ETF purchases (it’s $5 when you sell). New traders can also get started with a minimum investment of just $100.  Superhero's affordability is part of the reason why it took out gold in the Casual ASX Trader and Casual ETF Trader categories in the Mozo Experts Choice Awards. Plus, there's a Qantas Points offer up for grabs until 28 Feb 2022! Earn up to 5,000 Qantas Points on the first 10 trades or up to 10,000 points for transferring your portfolio to Superhero (5,000 for ASX shares, 5,000 for US shares).

ThinkMarkets Share Trading
  • No monthly fees
  • $8 flat brokerage fee
  • 24/7 trade support via Live Chat, Email or Phone

A double Mozo Experts Choice Award winner in the Casual ASX Trader and Casual ETF Trader categories, ThinkMarkets offers one of the more affordable trading platforms around for casual traders. Investors can trade ASX-listed shares and ETFs at minimal cost, with brokerage fees set at a reasonable $8 per-trade on amounts up to $200,000 (it’s 0.05% on trades over that amount), plus there are no monthly account fees. ThinkMarkets is also currently giving new customers 10 free ASX trades when they open a new share trading account.

Self Wealth - Classic
  • No monthly fees
  • Competitive flat $9.50 brokerage fee
  • General advice available via live chat or email

Staying on top of your investment portfolio can be simple with the Self Wealth Share Trading account. This share trading account picked up a 2021 Mozo Experts Choice Award in the Casual ASX Trader category, and it’s not hard to see why. There are no monthly fees under the Classic option and there's a flat $9.50 brokerage fee - no matter your trade size! Aside from minimal costs, Self Wealth also provides a range of useful features that can help you monitor your portfolio in terms of diversity, performance and how it stacks up to other investors.

Saxo Markets - Classic
  • No monthly fees
  • $5 brokerage fee for trades under $6,250
  • $100 referral bonus (conditions apply)

Taking home a 2021 Mozo Experts Choice Award in the Casual Trader ASX and ETF categories is the Saxo Markets Share Trading account. The account charges no monthly fees and a flat $5 brokerage fee for trades under $6,250 (0.8% for trades over this amount). Users will have access to 37 exchanges where they can trade more than 19,000 stocks, and to help you grow your portfolio even more Saxo Markets are currently offering referral bonuses of $100 or more when you refer a friend (conditions apply). 

More online share trading platform winners for Casual Traders

Best Regular Trader Awards

While regular traders will also want to keep their costs as low as possible, it's fair to say that they won't want to compromise on features like live price and market depth data. Our Regular Trader award category tackles both of these requirements.

CMC Markets - Active Investor
  • $9.90 or 0.8% per trade (up to 30 trades a month)
  • Easy to navigate interface
  • Access to expert news and analysis

The CMC Markets Share Trading account is no stranger to the Mozo Experts Choice Awards, taking out multiple wins across a range of categories last year. Under the Active Investor option, users are charged $9.90 or 0.8% per trade (up to 30 a month or conditions change), but what really makes CMC Markets a stellar choice is its comprehensive features and range of expert analysis. No matter your preferred market, you can access podcasts, videos, news and more - all courtesy of CMC Markets’ in-house experts.

Additional online share trading platform winners for Regular and Active Traders

Exceptional Share Trading App Award

With Aussies choosing to trade and manage their portfolios via their smartphone, our Expert Judges also investigated the best share trading apps available to the average investor.

CommSec App
  • Live data
  • Comprehensive reports and insights
  • Easy to navigate

If you’ve been thinking about signing up to the CommSec trading platform you'll probably be interested to learn that it was named a 2021 Mozo Experts Choice Award winner in the Exceptional Share Trading App category! The app features a range of expert reports, insights and content investors can use to their advantage, plus there are instant market alerts, the ability to create watch lists and heaps more.

Our other online share trading app winner

  • Westpac Online Investing Mobile App

About the 2021 Mozo Experts Choice Share Trading Awards

To be considered for a 2021 Mozo Experts Choice Award, selected categories required providers to operate under CHESS or Custodian ownership of shares. 

CHESS ownership means that shares are in your name where you own a Holder Identification Number (HIN), while Custodian ownership refers to shares being held under your broker’s name where you don’t receive HIN, but you do have ‘legal’ ownership. 

Other filters our Expert Judges applied during their analysis included whether or not a provider offered data insights and other expert analysis. 

To learn more, check out the 2021 Mozo Experts Choice Awards for Share Trading methodology report for more detail on the judging process and the full breakdown of categories and winners.