The best online share trading platforms in Australia in 2021

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Within the last year, share trading volume has skyrocketed, especially among younger Aussies. New data from research house Investment Trends found one in six Australians who placed their first trade in the last 12 months 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 online trading 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 below.

Best Casual Trader Awards

Casual traders generally prefer making 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.

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

This new player in the Aussie online share trading space offers great value when it comes to fees. There’s no standard monthly fee, a low $5 brokerage flare-rate on ASX listed shares, zero in brokerage when you purchase ETFs (it’s $5 when you sell), and new traders can get started with a minimum investment of only $100. This affordability across the board is partly why Superhero took out gold in the Casual ASX Trader and Casual ETF Trader categories of the Mozo Experts Choice Awards. To start making investments, you have the option of transferring money via PayID or BPAY from your regular bank account into the ‘Superhero Wallet’, which is a cash management account where funds are held with NAB.

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

The ThinkMarkets share trading app, known as ThinkTrader, lets you trade Australian-listed shares and ETFs at minimal cost across Android and IOS platforms on mobile and tablet devices. Brokerage fees are a reasonable $8 per-trade on amounts up to $200,000 (it’s 0.05% on trades over that amount), and there are no account opening fees or subscription fees to use this easy-to-navigate app. With all of this affordability in mind, the Mozo judges awarded ThinkTrader a medal in the Casual ASX Trader and Casual ETF Trader categories.

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

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.

CommSec App
  • 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.

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. 

Learn more about the 2021 Mozo Experts Choice Share Trading Awards and read how the judges selected winners in the methodology report.

Written by Olivia Gee in collaboration with Ceyda Erem.