Time To Trade Up: Experts Reveal The Best Share Trading Platforms In 2024

2024 Mozo Experts Choice Awards Winners List Reveals The Best In Online Share Trading, Offering Traders The Lowest Brokerage Costs On The Market.

4 April 2024

Image of Mozo Experts Choice Awards badge for Online Share Trading

Leading financial comparison site is excited to announce the winners of the 2024 Mozo Experts Choice Awards for Online Share Trading, recognising the platforms offering exceptional value for Aussie traders.

"We're excited to recognise the outstanding platforms in the online share trading space through these awards that have now been running for over a decade," said Peter Marshall, Mozo Experts Choice Awards Judge.

“After the careful evaluation of dozens of share trading platforms from over 30 different providers, Mozo has identified which platforms are the cheapest for casual investors, regular investors, and active traders.” 

“These awards highlight the best of the best, identifying share trading platforms that offer the lowest brokerage costs, at every level of expertise.”

For the Regular Investor category, platforms were assessed on cost and features including live price data, market depth data and independent broker reports. Trade frequencies and amounts over a 12-month period were used to compare brokerage rates, with waivers considered for trade volumes, and eligibility restricted to platforms offering CHESS sponsored share ownership for ASX traded assets. 

The Casual ASX Investor category evaluated platforms facilitating trades on the ASX for individuals making smaller, infrequent trades, with brokerage costs based on a $2,000 AUD trade per month over a 12-month period. The Casual US Investor category focused on platforms enabling trades on US stock exchanges for Australian-based investors, and brokerage costs were based on a $5,000 AUD trade per month over a 12-month period. 

Mozo Experts Choice Award Winners 2024

“Australian online traders can use the winners list to find the online share trading platforms offering the lowest price for investors needing varying levels of features,” continued Marshall. 

"Unlike other awards in the industry, Mozo awards providers irrespective of any commercial relationship, nor do we accept fees for consideration in the awards. This ensures that Mozo highlights only the top performers in the industry that offer exceptional value for Aussie traders."

Provider of the Year (Casual Investor): Saxo Markets

Saxo Markets secured awards in the Casual ASX Investor, Casual ETF Investor, and Casual US Investor categories, recognised for its attractive brokerage rates for trading on the ASX, US stocks and ETFs. 

Provider of the Year (Active Investor): CMC Invest

This is the third year in a row that CMC Invest has clinched the top spot in these awards. Victories in both the Online Share Trading regular and active investor categories reaffirm their standout performance once again.

Casual ASX Investor

  • EasyEquities: AUS Trading Account
  • Moomoo: Share Trading
  • Saxo Markets: Classic
  • Stake: ASX Share Trading

Casual US Investor

  • CMC Invest: Share Investing (Standard)
  • Interactive Brokers: Non-Pro 
  • Saxo Markets: Classic
  • Webull: Webull Share Trading Platform

Casual ETF Investor

  • EasyEquities: AUS Trading Account
  • Moomoo: Share Trading
  • Saxo Markets: Classic
  • Stake: ASX Share Trading
  • Superhero:Share Trading Account

Regular Investor 

  • CMC Invest: Share Investing (Standard)
  • Nabtrade: Silver
  • Nabtrade: Gold

Active Trader 

  • CMC Invest Share Investing (ALPHA)
  • CMC Invest Share Investing (CMC Pro Platform)