Online Share Trading Mozo Experts Choice Awards 2023

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:

• Market order: This means you’re buying or selling shares at the best possible price at the time your order reaches the market. Keep in mind that if the price of shares changes between the time you place the order and when your broker executes it, the price may be higher or lower than you were expecting.
• Limit order: This means that you’ve agreed to buy or sell shares once they reach a certain price point. For example, if you’re buying shares the order will only be executed once the price drops to the amount you’ve nominated - or lower - and vice versa for selling.

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.

• ETFs: An Exchange Traded Fund or ETF is a type of fund that contains a large number of shares and other investments. They are traded on an exchange, just like shares are, but they offer investors greater exposure to the market than a single share would.
• Index funds: A kind of ETF or mutual fund that’s designed to track a specific index (a benchmark which measures the performance of a particular market). That is, rather than trying to outperform the index, like many active investors set out to do, index funds try to replicate its performance. Because there’s less involved with managing index funds, management fees are generally much lower.

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.