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Mozo experts choice awards 2024 online share trading

Online Share Trading Mozo Experts Choice Awards 2024

See the winners

Stats crunched by Mozo Experts

  • 66
    Share Trading Platforms
  • 31
    Share Trading Platforms
  • 8
    Award Categories
View methodology report

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.


Standout Winners

Mozo experts choice awards 2024 online share trading

Online Share Trading Provider of the Year Casual Investor

For the first year, the judges have awarded Saxo Markets as the best platform for Casual traders. Saxo Markets offers low brokerage for trading on the ASX for both shares and ETFs. They also facilitate trading US stocks.

Saxo Market scored an impressive array of wins in Online Share Trading Casual ASX Investor, Online Share Trading Casual ETF Investor & Online Share Trading Casual US Investor categories.

Congratulations to:

Saxo Markets

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Mozo experts choice awards 2024 online share trading

Online Share Trading Provider of the Year Active Investor

For the 3rd year in a row, CMC Invest has taken out the award for Online Share Trading Provider of the Year for an Active Investor. Their wins in both the Online Share Trading Regular and Active categories made them the standout again and one to consider for seasoned investors.

Congratulations to:

CMC Invest

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Mozo experts choice awards 2024 online share trading

Online Share Trading Casual ASX Investor

For the Casual ASX Investor award, our judges assessed the pricing structures of 66 platforms, and determined the leading options for making smaller and infrequent trades on publicly listed companies on the ASX.

Congratulations to:

EasyEquities, moomoo, Saxo Markets, and Stake

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Mozo experts choice awards 2024 online share trading

Online Share Trading Casual ETF Investor

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.

Congratulations to:

EasyEquities, moomoo, Saxo Markets, Stake, and Superhero

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Mozo experts choice awards 2024 online share trading

Online Share Trading Casual US Investor

From the 44 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.

Congratulations to:

CMC Invest, Interactive Brokers, Saxo Markets, and Webull

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Mozo experts choice awards 2024 online share trading

Online Share Trading Regular Investor

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.

Congratulations to:

CMC Invest and nabtrade

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Mozo experts choice awards 2024 online share trading

Online Share Trading Active Trader

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.

Congratulations to:

CMC Invest

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Mozo experts choice awards 2024 online share trading

Exceptional Share Trading App

This year, our experts evaluated the mobile app of various share trading providers, focusing on the needs of casual and regular traders. One app stood out for offering a more comprehensive range of features compared to the others.

Congratulations to:

moomoo

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What are the Mozo Experts Choice Awards?

Now in their eleventh year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.

For the 2024 Online Share Trading awards, we analysed 66 share trading platforms from 31 providers.

“There are many different online share trading services available these days, and part of maximising returns on your investments is ensuring that you're not paying more in fees than you need to,” 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 2024, 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 2024 Mozo Experts Choice Online Share Trading Awards methodology report.


Our Expert Judges

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.

  • Judge ajduncan

    AJ Duncanson

  • Judge peter

    Peter Marshall

  • Judge meredith

    Meredith Allan

  • Judge george

    George Hirst

  • Judge rumpa

    Rumpa Saha

  • Judge afia

    Afia Asha

FAQs

What is the best online share trading account?

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 2024 Mozo Experts Choice Awards for Online Share Trading are an excellent place to start. In 2024, our experts analysed over 66 different share trading platforms available in Australia from 31 providers to highlight outstanding options for casual, regular and active traders.

What are the different share trading orders?

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.
What are ETFs, mutual funds and index funds?
  • 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 involvement with managing index funds, management fees are generally lower.
  • Managed funds: A managed 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.
What’s the Judging Criteria for the awards?

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 Online Share Trading Award winners for 2024.

Did you compare all online share trading providers in the market for these awards?

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.

Who are the Mozo Experts?

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 Mozo's Financial Services Specialist he contributes to the team of analysts that gather information and compare products every day, and oversees the calculations and data quality used for producing the Mozo Experts Choice Awards.

I work for a financial institution, how do we promote our win?

Please get in touch with us to discuss by email should you have any queries.