Share Trading Accounts Compared

If there's one safe bet on the stock market, it's finding the best e-trade platform for your money-moving needs. With much to gain (and lose) in brokerage, monthly fees, stock reports and more, make sure you compare the online share trading market for the best deal.

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What share trading platforms are available in Australia?

If you’re ready to dive into the stock market, finding a share account that works for you is the first step to success. You might opt for a full service broker if you want advice or go for a cheap online share broker if you want to keep trading costs down, and make your own investment decisions.

Will I have access to share trading market data with an online account?

Most online share trade platforms offer a range of market data packages, which you can use to keep a finger on the stock-market pulse. Finding a share account that comes with access to some handy trade publications can give your investments a leg up.

Are there fees for trading shares?

It seems a tad unfair that your share-market cash might be whittled away by trading fees - and even less reasonable that trading at a loss also incurs a fee. But most accounts come with some kind of brokerage fees, so make sure you compare your options to keep this cost to a minimum

Page last updated December 13, 2018

Share account comparisons on Mozo - rates updated daily Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

  • Share Trading

    $8.00

    $0.00

    IG is part of a major FTSE 250 company with over 185,000 clients worldwide. Commission from just $8 per trade on Australian shares.

    • $8 or 0.1% of trade value, whichever is greater. Phone rate $50 or 0.1%. 0.3% Foreign exchange margin.

    • no

    Details Close

  • Trading Account

    $10.00

    $0.00

    Insights, recommendations and support for just $10 per trade under $1000. Get access to over 25 international markets. (See the CommSec page for 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%.

    • Commonwealth Direct Investment Account

    • (Aegis Research, $499 annually)

    Details Close

  • CommSecIRESS

    $10.00

    $82.50

    Make better informed investment decisions with CommSec’s cutting edge research platform

    • 8 trades or $220 in brokerage per month

    • 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%.

    • Commonwealth Direct Investment Account

    • (Aegis Research, $499 annually)

    • dynamic

    Details Close

  • Standard

    $19.95

    $6.65

    • 1 trade per quarter or total account value more than $10000, first quarter free

    • First trade per month: $19.95 under $5,000, $24.95 up to $10,000, $29.95 up to $28,000, then 0.11%. Later trades: $19.95 up to $18,000, then 0.11%.

    • ETrade ANZ Cash Investment Account, no fees

    • (Fat Prophets, Intelligent Investor and Wise-Owl, free)

    Details Close

  • Trading Pro

    $17.99

    $77.00

    • 15 trades per month

    • $17.99 for trades up to $5,000, $19.95 up to $10,000, $26.99 up to $25,000, then 0.11%

    • Bankwest Cash Management Account, no fees,

    • (Morningstar Premium Research, $29 monthly)

    • , dynamic

    Details Close

  • Standard

    $19.50

    $0.00

    • $19.50 up to $18,000, then 0.11%

    • Choice of Cash Management Accounts from Macquarie, BWA Managed Investments or Adelaide Managed Funds.

    Details Close

  • Classic

    $11.00

    $0.00

    • less than 10 trades

    • 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.

    • CMC Markets Cash Account, no fees,

    Details Close

  • Trading Account

    0.12%

    $0.00

    Insights, recommendations and support for just $10 per trade under $1000. Get access to over 25 international markets. (See the CommSec page for 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%.

    • Commonwealth Direct Investment Account

    • (Aegis Research, $499 annually)

    Details Close

  • Share Trading

    0.1%

    $0.00

    IG is part of a major FTSE 250 company with over 185,000 clients worldwide. Commission from just $8 per trade on Australian shares.

    • $8 or 0.1% of trade value, whichever is greater. Phone rate $50 or 0.1%. 0.3% Foreign exchange margin.

    • no

    Details Close

  • CommSecIRESS

    0.12%

    $82.50

    Make better informed investment decisions with CommSec’s cutting edge research platform

    • 8 trades or $220 in brokerage per month

    • 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%.

    • Commonwealth Direct Investment Account

    • (Aegis Research, $499 annually)

    • dynamic

    Details Close

  • Trading Pro

    0.11%

    $77.00

    • 15 trades per month

    • $17.99 for trades up to $5,000, $19.95 up to $10,000, $26.99 up to $25,000, then 0.11%

    • Bankwest Cash Management Account, no fees,

    • (Morningstar Premium Research, $29 monthly)

    • , dynamic

    Details Close

  • Pro

    0.11%

    $79.90

    • 10 trades or $329.50 in brokerage per month, rebated on a pro-rata basis

    • First trade per month: $19.95 under $5,000, $24.95 up to $10,000, $29.95 up to $28,000, then 0.11%. Later trades: $19.95 up to $18,000, then 0.11%.

    • ETrade ANZ Cash Investment Account, no fees

    • (Fat Prophets, Intelligent Investor and Wise-Owl, free)

    • dynamic

    Details Close

  • Dynamic Live Price

    0.12%

    $41.95

    • $235 in brokerage per month

    • $21.95 up to $10,000, $29.95 up to $25,000, then 0.12%.

    • Suncorp Wealth Cash Management Account, no fees,

    • (Aspect Huntley, free)

    • dynamic

    Details Close

  • Active Investor

    0.075%

    $10.00

    • More than 11 less than 30 trades per month or more than 5 trades and $500 in brokerage

    • Greater of $9.90 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.

    • CMC Markets Cash Account, no fees

    Details Close

Want more? Compare all 14 share trading in the Mozo comparison engine.

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Share Trading Resources

Reviews, news, tips and guides to help find the best share trading for you.

The ins and outs of buying and selling shares

The share market is big business these days - and with tonnes of online share accounts available, you can get involved from the comfort of your own living room.

But share trading can be risky, so it’s important to understand the market thoroughly before jumping in. To get you started, we’ve answered some of the basic need-to-know questions about share trading accounts, or you can check out our share trading 101 guide for more.

Why should I invest in shares?

By and large, people invest in shares because they generally offer a higher potential return than other lower risk options, like a savings account or term deposit. A few good reasons to start investing in shares include:

  • Diversifying your income streams. Some shares pay annual dividends, giving you an extra source of income and it’s always a good idea to have more than one way of making money. Not only will this give your monthly budget a boost, but it means that if you lose one source of income - like your job - your investments may be another source of income you can fall back on while you sort things out.
  • Setting up a long term nest egg. If you opt for low risk shares, you might use your investment portfolio as a nest egg for your future. Just keep in mind that share investment shouldn’t be your only - or even your main - savings strategy, as there’s always the chance the market could turn against you.
  • Potential for big returns. Manage your investments wisely, and there’s the opportunity to make a much bigger return by share trading than with a savings account. But, with bigger returns comes increased risk - so weigh up your options carefully.

Knowing the risks that come with share trading is just as - if not more - important as knowing the benefits. For example, while there’s little to no chance of losing your money while it’s in a term deposit, shares are an entirely different story. If you make unwise decisions, or if the market turns suddenly against you, your money could go up in smoke.

How can I minimise share trading risks?

The good news is that although it can be risky to get involved in the stock market, there are ways you can minimise those risks and keep your investment as safe as possible, such as:

  • Do your research. The first step is to do your homework on the shares you’re considering buying. Look up the company or industry, it’s history on the market, and what experts expect to see from it in the future. This is the foundation of making smart investments that will work for you, instead of against you.
  • Diversify your portfolio. One great risk management strategy that all investors know, is diversifying your investments. If you’ve got shares across multiple different industries, companies and markets, that minimises the chance of suffering losses in all of them at once.
  • Don’t overextend your budget. This is especially important when you’re just starting out with share trading. It’s better to start slow and set yourself a conservative budget, so that if you make an investment misstep, you won’t be left with no savings, struggling to pay the bills. Strategies like taking out a margin loan to maximise your investment should be approached with caution, and only by seasoned investors.
  • Look into low risk investment strategies. Take some lessons from investors who’ve been there before, and try out some of the top low risk investment strategies around, such as Dollar-Cost Averaging.

Online share brokers vs full service brokers: what’s better?

When you’re looking for a service to buy and sell shares through, there are two options, broadly speaking.

A full service broker offers you advice and recommendations for what stocks to buy and where to invest your money. While that means you get the benefit of their expertise, full service brokers often charge much higher fees.

On the other hand, if you opt for an online share broker, you’ll be in charge of choosing your shares yourself and you won’t get any advice - however, online services often come with lower fees. Some also include access to share market publications so you can do your own research.

Which one is better for you depends on what kind of share trading experience you want.

How do I choose a share account that’s right for me?

When it comes to choosing an account for your share trading activity, you’ll need to think carefully about what it is you personally need from an account. Having said that, there are a few key things you should look out for.

  • Brokerage fees. Most share trading accounts charge a fee when you buy or sell shares, called a brokerage fee. Small trade fees are usually charged as a fixed dollar amount, whereas on larger value trades, the fee is often charged as a percentage of the trade.
  • Account fees. Many accounts also come with a monthly or annual service fee attached. It’s worth comparing your options, as some accounts have much steeper fees than others.
  • Broker reports and share market data. Some accounts include access to independent broker reports and marketplace data, which can help you to figure out your investing strategy. Just keep in mind that the more of these features you have, the higher your account fee is likely to be.

What are the different share trading orders?

A share trading order is how you buy or sell shares. There are a few different trading orders which are 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 share trading orders you might use to keep your investing strategy on track.

  • 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 one 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 share prices fall to a nominated value, then the stop-loss order is executed as an order to sell them at the best possible price.