Westpac share accounts

2.1
Based on 6 Westpac share account product reviews.
Fact Checked
Last updated

Overview

As Australia's first bank, Westpac has been serving customers since 1817. In 2008, Westpac merged with St. George Bank to create Australia's largest financial services company. Westpac delivers a range of banking products and services, including a user-friendly platform to engage with the share market.

No matter where you are, you can trade, research and manage your share portfolio with the Westpac Share Trading app - winner of Mozo's 'Exceptional Share Trading App' award four years in a row (2020-2023).

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Editor's pick: Investor Share Trading

Investor

Small trade brokerage
$4.95
Large trade brokerage
0.11%
Monthly fee
$0.00
Link not supplied
  • No monthly fees

  • Company research on ASX-listed stocks, market commentary and price charts

  • SMS and email alerts

  • Customer support only available by phone or email 7am-7pm weekdays

  • Broker fees can be higher than other non ‘big four’ banks

Our verdict

Westpac share trading offers a comprehensive platform for investors. The trading interface is user-friendly, featuring a clean layout that allows both novice and experienced traders to navigate easily. The dashboard provides quick access to market data, portfolio information, and trading tools. 

The mobile app, available on both Android and Apple devices, is well-designed for trading on the go, although some users report occasional lags during high-traffic periods.

Broker fees aren’t excessive but there are cheaper options available. Costs may accumulate for smaller trades, so it's important to consider trading volume and strategy when evaluating pricing. 

The platform also provides a solid range of research resources, including market news, analyst reports, and educational materials, beneficial for both new and seasoned traders. However, to access more advanced trading tools and technical analysis you’ll have to pay monthly fees for advanced and professional packages.

Customer support is available through phone and email but is limited to the hours of 7am-7pm Monday to Friday, meaning 24/7 assistance isn’t possible.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more online share trading accounts here.
Last updated 25 November 2024 Important disclosures

Westpac share accounts

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Westpac share account ratings

Overall customer rating for Westpac share accounts

2.1
Based on 6 product reviews.

Customer reviews

Important disclosures

FAQs

What is Westpac share trading?

Westpac share trading is an online trading platform that allows investors to buy and sell shares listed on the Australian Securities Exchange (ASX), international shares, as well as options, warrants, ETFs and more. It provides various tools and resources to help traders manage their investments.

How secure is the Westpac share trading platform?

Westpac, a ‘big four bank’, employs robust security measures to protect user data and transactions. This includes two-factor authentication and ongoing monitoring for suspicious activities, ensuring a secure trading environment.

How do I open a Westpac share trading account?

To open an account, you need to visit the Westpac share trading website and complete the online application. You'll need to provide personal details, identification, and information about your financial situation. Once approved, you can fund your account and start trading.

Can I use my Westpac bank account for trading?

If you have a Westpac banking account, you can link it to your share trading account for fund transfers. Otherwise you'll need a cash account with the bank.

What is the minimum investment required?

All purchase orders need to be greater than $500, but there’s no minimum requirement for sales. It’s important to also consider the costs associated with trading, such as brokerage fees, which can affect smaller investments.

What are the fees associated with trading?

Westpac operates on a tiered pricing model. The fees vary based on your trading volume and the type of trades you make. It's sensible to review the pricing schedule for specific rates applicable to your trading activity.

Does Westpac offer a mobile trading app?

Yes, Westpac offers a mobile trading app that allows users to trade shares, access market data, and manage their portfolios on the go. The app is available for download on both Android and Apple devices.

Is customer support available?

Westpac offers customer support via phone and email. Their support team is generally responsive, although wait times may vary during busy periods. Additionally, these services are limited to weekdays between 7am-7pm.

Westpac products

Share account quick links


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