Buying Apple now as easy as Westpac for Aussie share traders
Whether it’s because of the opportunities presented by volatile markets or the relatively low rates on banking products such as savings accounts and term deposits, Australians have flocked to share trading during the COVID-19 pandemic.
The latest Online Investing Report from financial research company Investment Trends revealed that in the six months to June 2020 the number of active online investors in Australia jumped from 750,000 to 1.06 million.
“Looking at the Investment Trends data, this is the first time that number has crept over the one million mark,” said Andrew Rogers, director of stockbroking at CMC Markets.
“We always see new investors, normally around 70,000, but in the six months to June which covers the initial COVID period we saw 265,000 new investors place a trade - so about four times higher than average.”
On the domestic market, Rogers said that new investors have been particularly partial to buy now, pay later stocks such as Afterpay - which is currently up over 900% since March.
But Australians are also setting their sights abroad.
The ASX’s 2020 Australian Investor Study suggests that 17% of investors are planning to buy international shares in the next 12 months, while research from Investment Trends found that 25% of new traders said access to international markets was a key feature in the trading platform they opted for.
“In recent months, we have seen intensified global market volatility and, in turn, increasing demand from traders and everyday investors looking to access international shares,” said Rogers.
“We’re finding that interest is quite concentrated to certain stocks, the majority of which are brand names that people know, see and use everyday like Microsoft, Facebook, Apple, Amazon, Tesla, Intel, and Procter and Gamble.
“Recently there’s been a lot of interest in the COVID-19 vaccine-related stocks as well, so SmithKline Beecham in the UK and Novavax in the US.”
Investors looking to trade internationally have also been helped by improvements in the functionality of the online platforms themselves, as well as lower costs.
In the last few months alone a few new low-cost players have entered the online trading market, while existing platforms like CMC Markets and IG have both launched zero brokerage offers for shares traded from select international markets.
“The way our platform works - and other platforms too - is that when you’re buying an ASX stock it’s the same experience as buying a US or a Japanese stock, so the experience of buying Apple really is no different to buying Westpac,” said Rogers.
“There’s no additional paperwork, we debit your account in AUD, we convert it at the exchange rate when the order’s filled, and then when you sell you’ll receive your funds two Australian days after settlement.”
RELATED: The best online share trading platforms in Australia in 2020
Ready to kickstart your online share trading journey? You’ll want to get acquainted with the best platforms in Australia for all sorts of different traders, so take a look at the winners of our 2020 Mozo Experts Choice Awards for Share Trading.
Compare online trading accounts - last updated February 20, 2021
Basic Account
Small trade brokerage
Monthly fee
$5.00$0.00Superhero Basic Account is trading for everybody. Zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.
Basic Account
Superhero Basic Account is trading for everybody. Zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Live Account Free until 30 June 2021
- Brokerage details
- Shares held in a consolidated HIN under Superheros name, ownership and control remains with share purchaser.
- Settle from any bank account
- Settlement account offered
- Superhero Wallet is a cash management account built into Superhero Account (held under NAB)
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Basic Account
Trading Account
Small trade brokerage
Monthly fee
$10.00$0.00Insights, recommendations and support for just $10 per trade under $1000. Get access to over 25 international markets. (See the CommSec page for details)
Trading Account
Insights, recommendations and support for just $10 per trade under $1000. Get access to over 25 international markets. (See the CommSec page for details)
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- Via CommSec Cash Account: $10.00 under $1,000, $19.95 between $1,001 and $10,000, $29.95 up to $25,000, then 0.12%. Via other account: $29.95 under $10,000, then 0.31%.
- Settle from any bank account
- Settlement account offered
- Commonwealth Direct Investment Account
- Share pack
- Independent broker reports
- (Aegis Research, $499 annually)
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Trading Account
Classic
Small trade brokerage
Monthly fee
$11.00$0.00CMC Markets offer a powerful web and mobile platforms & competitive pricing on thousands of instruments. Winner of a Mozo Experts Choice Award 2020 in the Casual Trader category^.
Classic
CMC Markets offer a powerful web and mobile platforms & competitive pricing on thousands of instruments. Winner of a Mozo Experts Choice Award 2020 in the Casual Trader category^.
- Monthly fee
- $0.00
- Monthly fee waiver
- less than 10 trades
- Special offers
- -
- Brokerage details
- Greater of $11 and 0.1% for up to 10 trades per month. Greater of $9.90 and 0.08% up to 30 trades per month, and greater of $9.90 and 0.075% for more than 30 trades.
- Settle from any bank account
- Settlement account offered
- CMC Markets Cash Account, no fees. Linked Suncorp or St George margin account
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Classic
Classic
Small trade brokerage
Monthly fee
$9.50$0.00Self Wealth Classic has no hidden fees and Access live prices and market depth, currently free to all members. $9.50 flat brokerage fee. Winner of a Mozo Experts Choice Award 2020 in the Casual Trader category^.
Classic
Self Wealth Classic has no hidden fees and Access live prices and market depth, currently free to all members. $9.50 flat brokerage fee. Winner of a Mozo Experts Choice Award 2020 in the Casual Trader category^.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- Flat brokerage fee of $9.50 regardless of trade size
- Settle from any bank account
- Settlement account offered
- ANZ Cash Investment Account
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Classic
Live Account
Small trade brokerage
Monthly fee
$5.00$9.00Superhero Live Account is trading for everybody. Zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.
Live Account
Superhero Live Account is trading for everybody. Zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.
- Monthly fee
- $9.00
- Monthly fee waiver
- Live Account Free until 30 June 2021
- Special offers
- Live Account Free until 30 June 2021
- Brokerage details
- Shares held in a consolidated HIN under Superheros name, ownership and control remains with share purchaser.
- Settle from any bank account
- Settlement account offered
- Superhero Wallet is a cash management account built into Superhero Account (held under NAB)
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Live Account
^See information about the Mozo Experts Choice Share Accounts Awards
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