Aussie women are more experienced at investing than men, says Superhero
Share trading and superannuation platform, Superhero, says that women have been investing for a longer time than men.
A recent survey conducted by Superhero found that 26% of women and only 15% of men have been investing for over five years.
“It was very interesting to see that the majority of our long term investors (more than five years experience) were women,” says Superhero co-founder and chief executive officer, John Winters.
While most long term investors were women, Superhero found that men made up most of the new investors in the last six months. Also, 35% of new investors were 18 to 24-year-olds.
Related: New to investing? The ATO wants a word
“Investing as a concept has grown tremendously in popularity over the last year or so which was made clear by 35 per cent of respondents noting they’d only started investing in the last six months,” says Winters.
But why are so many people starting to invest?
Well, the research found that new investors wanted to grow their money for various reasons. About 14% were building nest eggs, 18% were diversifying their assets, 11% wanted to retire early and 7% were saving a house deposit.
“2022 is shaping up to be a big year for investing. Our customers are looking to invest significantly and use the year to build their wealth – and they’re quickly realising that investing in shares is a smart way to grow wealth sustainably,” says Winters.
Right now of the 30+ share trading platforms being tracked in Mozo’s database like Saxo Markets, Tiger Brokers, CommSec Pocket and the Mozo Experts Choice Award’s Sharing Trading Platform of the Year (Casual) winner Stake.
Related: Online investing in Australia continues to grow
Thinking about investing? Before you get started, be sure to do some reading on some of the best share trading platforms in Australia as named in our 2022 Mozo Experts Choice Awards.
Or if you’re interested in comparing share trading accounts, check out our share trading account comparison table below.
Share account comparisons on Mozo - rates updated daily
Share Trading
Small trade brokerage
Monthly fee
$8.80$0.00Invest in AU stocks, US stocks, HK stocks and ETFs on moomoo trading platform. Enjoy $0 brokerage fees for AU&US stock for 180 days as a new user. With US trades from $1.99 USD, other fees apply. Backed by a Nasdaq-listed fintech. (T&Cs apply).
Share Trading
Invest in AU stocks, US stocks, HK stocks and ETFs on moomoo trading platform. Enjoy $0 brokerage fees for AU&US stock for 180 days as a new user. With US trades from $1.99 USD, other fees apply. Backed by a Nasdaq-listed fintech. (T&Cs apply).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Brokerage-free trading on AU and US stocks for 180 days and ongoing free access to real-time US market data.
- Brokerage details
- ASX trades are 0.088% the transaction amount, minimum $8.80 per order. US trades from $1.99 USD, other fees apply.
- Settle from any bank account
- Settlement account offered
- -
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- For US trades additional fees apply: settlement fee $0.003 per share up to 5%, ADR custody fee $0.01-$0.05 per share. For sell trades: SEC fee min $0.01 per transaction and activity fee min $0.01 per transaction. These fees are shown in USD.
Read our Mozo Review to learn more about the Share Trading
Tiger Account
Small trade brokerage
Monthly fee
$5.50$0.00Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Enjoy one brokerage-free trade per month on US and ASX stocks* with account opening. Mozo special offer for new users only: Get USD $25 in Tesla fractional shares plus USD $50 in fractional shares for new accounts with an accumulative net deposit of AUD 500*. T&Cs apply.
Tiger Account
Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Enjoy one brokerage-free trade per month on US and ASX stocks* with account opening. Mozo special offer for new users only: Get USD $25 in Tesla fractional shares plus USD $50 in fractional shares for new accounts with an accumulative net deposit of AUD 500*. T&Cs apply.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- One brokerage-free trade per month for 12 months. Receive 5 fractional shares with a deposit of AUD 500 and have a total account asset value of AUD 500 after 90 days. Referral offer: an additional USD 25 of fractional Tesla shares. T&Cs apply.
- Brokerage details
- 0.055% of trade value, $5.50 minimum brokerage.
- Settle from any bank account
- Settlement account offered
- no
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Tiger Account
Share Trading
Small trade brokerage
Monthly fee
$7.70$0.00Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).
Share Trading
Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Enjoy $0 Brokerage on your next 15 trades when you open a new account! (T&Cs apply).
- Brokerage details
- $7.70 brokerage for trades under $100,000, then 0.05%.
- Settle from any bank account
- Settlement account offered
- Macquarie Cash Management Account
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Share Trading
Idle Cash
Small trade brokerage
Monthly fee
$5.50$0.00Receive interest on your uninvested cash. Deposit over USD/AUD 5,000 to start receiving 1.5% return; 2.25% return on over AUD 50,000; Up to 3.25% return on over USD 50,000. Mozo special offer for new users only: Get USD 50 fractional shares plus USD 25 Tesla shares with a cumulative net deposit of min. AUD 500 within 7 days of the first account opening. T&Cs apply.
Idle Cash
Receive interest on your uninvested cash. Deposit over USD/AUD 5,000 to start receiving 1.5% return; 2.25% return on over AUD 50,000; Up to 3.25% return on over USD 50,000. Mozo special offer for new users only: Get USD 50 fractional shares plus USD 25 Tesla shares with a cumulative net deposit of min. AUD 500 within 7 days of the first account opening. T&Cs apply.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- One brokerage-free trade per month for 12 months. Receive 5 fractional shares with a deposit of AUD 500 and have a total account asset value of AUD 500 after 90 days. Referral offer: an additional USD 25 of fractional Tesla shares. T&Cs apply.
- Brokerage details
- 0.055% of trade value, $5.50 minimum brokerage.
- Settle from any bank account
- Settlement account offered
- no
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- -
Read our Mozo Review to learn more about the Idle Cash
Webull Share Trading Platform
Small trade brokerage
Monthly fee
$4.90$0.00Webull lets you connect with international markets, trading ASX and US stocks and options. You’ll gain access to user-friendly platforms and technology-driven educational resources plus 2% yield on idle cash with Webull cash management.
Webull Share Trading Platform
Webull lets you connect with international markets, trading ASX and US stocks and options. You’ll gain access to user-friendly platforms and technology-driven educational resources plus 2% yield on idle cash with Webull cash management.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- New accounts with a deposit of AUD $100 with at least one buy transaction receive 3 US and 2 ASX Security Trading Vouchers for purchases, valued at AUD $100 total. Up to AUD $5,000 of free fractional Apple shares depending on amount funded. T&Cs Apply.
- Brokerage details
- $4.90 up to $16333.33, then 0.03% on ASX trades. 0.025% commission on US trades.
- Settle from any bank account
- Settlement account offered
- Webull Cash Management
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- dynamic
- Market depth data
- Real time charting
- Other restrictions
- 0.50% foreign exchange transfer fee applies for international trading.
Read our Mozo Review to learn more about the Webull Share Trading Platform
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