The best online share trading platforms in Australia in 2021
Within the last year, share trading volume has skyrocketed, especially amongst younger Aussies. New research from Investment Trends found that among the Aussies who placed their first trade in the last 12 months, one in six were under the age of 25.
Although every trader may be at different stages of their investment journey, one thing’s for sure: having the best platform or app under your belt is important.
That’s where our 2021 Mozo Experts Choice Share Trading Awards come in.
Our expert judges have been putting in the work to find the best share trading platforms in Australia, analysing 76 online share trading platforms from 29 providers.
So whether you’re dipping your toes into the investment world for the first time or are looking to grow your existing portfolio, we’ve hand-picked some of this year’s standouts for regular and active traders. Check them out!
Best Regular Trader Awards
Similarly, regular traders are all about keeping costs low, but they also don’t want to compromise on features like live price and market depth data. Our Regular Trader 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 and are also subject to a $10 monthly fee. But what really makes CMC Markets a steller choice is its comprehensive range of expert analysis. No matter your preferred market, you could have access to podcasts, videos and news, 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.
- Live data
- Comprehensive reports and insights
- Easy to navigate
If you’ve been thinking about signing up to the CommSec trading platform, this is your sign, as you could have access to the 2021 Mozo Experts Choice Award winning app! The CommSec App has taken out a Mozo Experts Choice Award in the Exceptional Share Trading App category for the last two years, thanks to its comprehensive data. The app features a range of expert reports, insights and content investors can use to their advantage. There are instant market alerts, the ability to create watchlists and heaps more.
Additional online share trading app winner
- Westpac Online Investing Mobile App
Best Casual Trader Awards
Casual traders are those who prefer to make smaller and infrequent trades, whether that’s via the Australian Securities Exchange (ASX), US stock exchanges, or Exchange Traded Funds (ETFs). These traders also appreciate little to no brokerage fees, as it frees up their ability to invest more.
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 is made simple, thanks to 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 a flat $9.50 brokerage fee, no matter your trade size! Aside from minimal costs, Self Wealth also delivers a range of snazzy 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
- $6.99 brokerage fee for trades under $6,990
- $150 referral bonus (conditions apply)
Taking home a 2021 Mozo Experts Choice Award in the Casual Trader ASX and ETF category is the Saxo Markets Share Trading account. The account charges no monthly fees and a flat $6.99 for trades under $6,990 (0.1% for trades over this amount). Users will have access to 37 exchanges where they can trade more than 19,000 stocks, and to help users grow their portfolio, Saxo Markets are offering a one-off $150 friend referral bonus. However, in order to receive the bonus, they must meet the minimum funding requirement of $3,000, place three trades and have their account funded at the time of payment.
More online share trading platform winners for Casual Traders
- CMC Markets Classic (ASX and US)
- Superhero Basic (ASX and ETF)
- OpenTrader Investor (ASX and ETF)
- ThinkMarkets Cash Equities (ASX and ETF)
- Interactive Brokers Australia Non-Pro (US)
- CommSec CommSec Pocket (ETF)
- Saxo Markets Classic (ETF)
About 2021 Mozo Experts Choice Share Trading Awards
To be considered for a 2021 Mozo Experts Choice Award, selected categories required a provider 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 a provider offered data insights or other expert analysis.
You can learn more about the 2021 Mozo Experts Choice Share Trading Awards by visiting our winner’s page or reading our methodology report.