In this year’s Awards our judges compared a long list of online share trading platforms to find those that stood out from the rest. So whether you’re a seasoned trader or recently delving into the online share market, the winners of this year’s awards are the ideal place to begin your search.
For the second year in a row, the judges have awarded Stake as the best platform for Casual traders. Stake offers very low brokerage for trading on the ASX for both shares and ETFs. They also facilitate trading US stocks with no brokerage charge. Their app boasts a range of useful features, letting you switch between Australia and the US with ease.
CMC Markets took out this award last year, and in 2023 won both the Regular and Active Trader categories to make them an Share Trading Platform of the Year (Pro) again.Their app also boasts some great features that made it a closer contender for the best app award too.
CMC Pro Platform
For the Casual ASX Trader award, our judges assessed the pricing structures of 67 platforms, and determined the leading options for making smaller and infrequent trades on publicly listed companies on the ASX.
EasyEquities, Interactive Brokers, Pearler, Saxo Markets, Sharesies, Stake, Superhero, and Tiger Brokers
From the 39 platforms assessed, the Casual US Trader award recognises the lowest cost platforms for making smaller trades on US exchanges for Australian-based traders. To find the winners for this category our judges assessed the cost for trades totaling AUD $5,000, including foreign exchange margins on moving funds to US settlement accounts.
Interactive Brokers, Syfe, and Tiger Brokers
This award considers the lowest cost platforms for investors interested in the convenience of Exchange Traded Funds. In addition to brokerage costs, it considers any ongoing fees including potential dormancy charges, as well as any ETF trading discounts.
CommSec, EasyEquities, Pearler, Saxo Markets, Stake, and Superhero
As trading frequency increases, so do brokerage costs and the need for greater information. Our judges awarded two platforms for performing the best in this category.
Bank of Queensland and CMC Markets
Access to international markets, advanced trading tools, and greater trade frequency and volumes were all factors considered to award the winner in the Active Trader category.
Our judges also assessed the mobile platforms of share trading providers, from the perspective of a casual or regular trader in Australian shares. They judged one standout app as offering more features than the rest.
Now in their tenth year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.
For the 2023 Online Share Trading awards, we analysed 68 share trading platforms from 31 providers.
“With the economic uncertainty of the Australian financial market, finding a smarter way of getting a return on your money has seen the increase of online share trading,” Mozo Experts Choice Awards Judge Peter Marshall said.
“Whether you’re a casual trader or a seasoned pro, finding the right platform to trade on is imperative to get the best return on your investment. The winners of Online Share Trading Awards for 2023, are a great way to help you find the platform to best suit your trading needs.”
For details on how we crunched the numbers and determined our winners, see the 2023 Mozo Experts Choice Online Share Trading Awards methodology report.
We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.
There are so many different fees, features and options available with each different account, so the ‘best’ share trading account for you won’t be the same as it is for another investor, because every trader will have different needs and priorities.
If you’re after a share trading account that offers great value though, our 2023 Mozo Experts Choice Awards for Online Share Trading are an excellent place to start. In 2023, our experts analysed over 68 different share trading platforms available in Australia from 31 providers to highlight outstanding options for casual, regular and active traders.
A share trading order is how you buy or sell shares. There are a few different share trading orders which can be handy if you don’t have time to monitor your investments and market movements all day, every day. Here are three of the main types of orders:
Stop-loss order: As the name suggests, a stop-loss order is designed to limit the amount you could lose if shares you hold start falling in value. If your shares fall to a nominated value, then the stop-loss order is executed as an order to sell them at the best possible price.
Mutual funds: A mutual fund pools money from many people to invest in shares and other assets. They are operated by portfolio managers who decide which assets to invest in and monitor their performance. Unlike an ETF, mutual funds are not traded on an exchange, and trade only once a day.
Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our Mozo Experts Choice Online Share Trading Awards methodology report for more detailed information on how we performed product comparisons and determined the final Term Deposit Award winners for 2023.
For the Mozo Experts Choice Awards, we aim to include most online share trading providers in the market. However, not every financial institution or product on the market will be included in our review. Any product we review must be available in the market at the time of our analysis.
The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.
Please get in touch with us to discuss by email should you have any queries.