With savings account rates sitting at an average rate of 3.20% in our database*, it’s no wonder many Australians take to the stock market as a way of growing their savings. The Australian share market has delivered an average return of 13% per annum since 1900, according to Market Index. Therefore, investing in shares could be a pathway to consider for wealth building.
Plenty of online share trading platforms offer mobile apps these days, meaning it’s now possible to trade, check your positions, and research your next move from virtually anywhere.
If you prefer having your shares registered directly in your name for added security, you’ll want a broker that offers CHESS sponsorship.
If you are one of the 1.33 million active online investors* or plan to join their ranks in 2025, a recent number crunch by Mozo’s research team for the annual Mozo Experts Choice Online Share Trading Awards^ reveals that when it comes to brokerage costs it pays to shop around.
Australians are embracing online share trading platforms as advanced technology, increased financial literacy, and competitive pricing reshape the way people invest.
Many young Australians believe investing is out of reach unless you have tens of thousands saved but the reality couldn’t be further from the truth.
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Want the most affordable way to start trading shares? We've reviewed more than 70 products from over 30 online brokers in the Mozo database and found these to be the cheapest options.
Dividends can be a reliable source of income for investors, but they can also be a powerful tool for growing your portfolio. One of the most effective ways to leverage dividends is through dividend reinvestment plans (DRIP) and the concept of a dividend snowball.
One way Aussie investors try to diversify is by investing both locally and internationally. While you may only have access to Australian and US markets in a lot of cases, these both offer a wide selection of stocks and ETFs to choose from. For instance, the US stock market accounts for nearly 60% of the international stock market by size* .
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Getting started with investing can seem overwhelming, especially when you don’t know where to begin.