Investing on your horizon? Discover the share trading platform that’s scooping up top awards
With savings account rates sitting at an average rate of 3.59% in our database*, it’s no wonder many Australians take to the stock market as a way of growing their savings. According to marketindex, the Australian share market has delivered an average return of 13% per annum since 1900, so investing in shares can be a pathway to consider for wealth building.
But if you’re new to investing, getting started can be a little daunting. That’s why it’s important to have information and experience on hand so that you can make informed decisions.
CMC is one of the online share trading platforms that has been helping Australians invest in Australian and international stocks and ETFs for over 30 years. It took out the title of best platform for active investors in the 2024 Mozo Experts Choice Online Share Trading Awards^ for its low brokerage fees and trading tools.
It’s free to open an account with CMC, and if you’re new to investing it also has a free knowledge hub where you can go to learn about all aspects of share trading and investing from investment fundamentals through to investing in international markets before you even make your first trade.
It’s important to understand that share trading does carry some risks. The market can go up, but it can also go down. And unlike bank deposits, shares are not covered under the Government deposits guarantee scheme.
But if you are considering starting your investment journey, read on to learn more about CMC and some of the other popular online trading platforms used by Australians below:
CMC Markets - Standard
- $11 or 0.10% brokerage fee on trades over $1,000 (whichever is higher)
- $0 brokerage on first buy order up to $1,000 (limited to one stock per trading day)
- Easy access to 15 international markets
- Multiple 2024 Mozo Experts Choice Awards^ winner
CMC Markets offers a comprehensive service that will appeal to beginner and more experienced traders alike. You’ll be charged $11 or 0.10% on trades (whichever is higher), and $0 on your first buy order each day up to $1,000 (this is limited to one stock per day). CMC Markets picked up multiple awards and was also named our Online Share Trading Platform of the Year (Active Investor) for 2024^.
See other top share trading platforms
moomoo share trading account
- No monthly fee
- Trade Australian shares starting at $3 per order (or 0.03% the transaction amount)
- Access to US shares and ETFs starting at USD $0.99 brokerage per order
The moomoo share trading platform offers customers access to ASX and US stocks, including ETFs. Trading Australian shares with moomoo starts at A$3.00 or 0.03% per order (whichever is larger). Trading US shares and ETFs will cost you USD $0.99 cents per order (there are a range of other fees so be sure to check the full T&Cs).
Trading with moomoo also gives users access to real-time global market data and analysis tools, so they can stay up-to-date and informed when trading. Through moomoo, investors can also stay in the loop with news from Bloomberg, Dow Jones, Benzinga, and other sources.
GO Markets share trading account
- $7.70 flat brokerage fee per trade (up to $100,000)
- $0 monthly fee
- Access to ASX shares and ETFs
- Offer: $0 brokerage on first 15 trades (T&Cs apply)
- Funds held by Macquarie Bank in your own name
With a GO Markets share trading account, trade any listed shares and ETFs on the ASX and enjoy dedicated local customer support 24 hours a day, five days a week.
GO Markets offer a flat brokerage fee of $7.70 per trade up to $100,000, after which you'll pay a 0.05% fee per trade. It's free to open an account, transfer your HIN, and use both their web and mobile trading platforms, with zero monthly fees for access.
Offer: For new GO Markets customers, pay $0 brokerage for your first 15 trades (T&Cs apply).
eToro Share Trading
- $2 USD brokerage fee for stock trades
- 0.5% fee is applied to all funds paid into or taken out of the USD settlement account
- Access to Australian and US shares
- $100,000 free demo account
The eToro Share Trading account is free to open, doesn’t charge management fees, and charges no commission on stocks (other fees may apply). With eToro, you can invest in and trade Australian and US stocks and cryptocurrencies (1% brokerage fee on crypto). There’s even a free $100,000 demo account for beginners to practice trading with.
Offer: Buy US$100 Shares and get a US$10 bonus (T&Cs apply).
Tiger Brokers
- Worldwide access with one account: ASX, US & HK stocks, EFTs and US Options
- Earn up to 7.00% p.a fixed on your uninvested cash balance (T&Cs apply)
Tiger Brokers provides an online platform for investors who want to keep their brokerage costs to a minimum. Mozo’s readers can access a brokerage fee of 0.03% of the trade value, with a minimum brokerage of A$2.99.
Get worldwide access with one account, access to the Tiger Academy where you can participate in learning programs to help with your investment decisions and a $100,000 USD free demo account to practice with before you begin trading.
Mozo special offer for new users only:
New accounts get 4 zero brokerage trades (up to 2 USD for US stock trades, up; to 3 AUD for AUS stock trades) and no FX fee on exchanges between USD and AUD up; to AUD 2,000 every month. T&Cs apply – for full details, go to the Tiger Brokers website.
* Source: Mozo database. As at 22 Nov, based on ongoing savings rates for $10,000 balance.
^ See information about the Mozo Expert Choice Online Share Trading Awards.
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