Online investing in Australia continues to grow
A new report from online share trading researcher Investment Trends has found that online investor numbers continued to rise in the second half of 2021.
The study shows a 21.6% increase to the number of online investors over the period, however this is still quite low compared to the 66.6% in 2020.
However, even with lower numbers in 2021, Investment Trends’ head of research, Irene Guiamatsia says that Australia’s growth is pretty good.
“The growth in Australia was materially higher than rates observed globally, 21% growth compared to 16% growth in the US,” she said.
This study that surveyed 19,508 investors and traders was conducted by Investment Trends between October and November 2021 found that the majority of the new investor cohort continues to be millennials and zoomers.
“The report shows these younger investors have embraced the innovative product and pricing features on many emerging platforms,” Guiamatsia said.
It comes as no surprise that young investors are thriving in the online share trading space. Research commissioned by Commonwealth Bank last year found that 43% of millennials are actively investing their money as a way to later become financially independent.
RELATED: Two in five millennials now investing in property and shares to grow their wealth: CommBank
CommBank also found that 63% of the one million new CommSec share trading accounts were held by millennials.
Thinking about entering the stock market? Before you get started, be sure to do some reading on some of the best share trading platforms in Australia as named in our 2021 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
Share Trading
Small trade brokerage
Monthly fee
$0.00$0.00IG offers access to over 11,000 shares across the ASX, US and international markets, with no commission fees on trades. The platform supports extended trading hours on selected shares and provides 24-hour customer support. A 0.7% FX fee applies to international trades, with other charges potentially applying.
Share Trading
IG offers access to over 11,000 shares across the ASX, US and international markets, with no commission fees on trades. The platform supports extended trading hours on selected shares and provides 24-hour customer support. A 0.7% FX fee applies to international trades, with other charges potentially applying.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $0 commission on on all domestic shares and ETFs. Buy and sell international shares with no commission, 0.7% foreign exchange fee applies.
- 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 reviews and learn more about share accounts
Share Investing
Standard
Small trade brokerage
Monthly fee
$0.00$0.00CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).
Share Investing
CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $0 for trades up to $1,000. Greater of $11 and 0.1% for trades over $1,000.
- Settle from any bank account
- Settlement account offered
- ANZ Cash 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 reviews and learn more about share accounts
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Tiger Account
Small trade brokerage
Monthly fee
$3.00$0.00Mozo special offer for new users only: Get 4x zero brokerage trades (brokerage fees waived up to 2 USD per trade for US stocks, up to 3 AUD per trade for AUS stocks, and up to 3 USD per trade for US options) and zero FX fees for exchanging up to AUD 2,000 every month between AUD⇆USD with the first deposit of any amount. Other fees may apply. Plus AUD 40 cash vouchers with an accumulated net deposit of at least AUD 2,000 within 7 days of the first deposit. Trading conditions and withdrawal restrictions apply to the withdrawal of the AUD 40 cash – for full details, go to the Tiger Brokers website.
Tiger Account
Mozo special offer for new users only: Get 4x zero brokerage trades (brokerage fees waived up to 2 USD per trade for US stocks, up to 3 AUD per trade for AUS stocks, and up to 3 USD per trade for US options) and zero FX fees for exchanging up to AUD 2,000 every month between AUD⇆USD with the first deposit of any amount. Other fees may apply. Plus AUD 40 cash vouchers with an accumulated net deposit of at least AUD 2,000 within 7 days of the first deposit. Trading conditions and withdrawal restrictions apply to the withdrawal of the AUD 40 cash – for full details, go to the Tiger Brokers website.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- 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.
- Brokerage details
- 0.03% of trade value, $3.00 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 reviews and learn more about share accounts
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Share Trading Account
Small trade brokerage
Monthly fee
$2.00$0.00Superhero Trading allows you to invest in over 9,000 ASX and Wall Street shares and ETFs with brokerage from just $2 a trade. Sign up with code ‘mozo25’ and get US$10 of Nvidia stock when you fund your account with $100 or more within 30 days. T&Cs apply. 1Awarded-Winner: Best for Mobile Experience in the WeMoney Investment Awards 2023
Share Trading Account
Superhero Trading allows you to invest in over 9,000 ASX and Wall Street shares and ETFs with brokerage from just $2 a trade. Sign up with code ‘mozo25’ and get US$10 of Nvidia stock when you fund your account with $100 or more within 30 days. T&Cs apply. 1Awarded-Winner: Best for Mobile Experience in the WeMoney Investment Awards 2023
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- -
- Settle from any bank account
- Settlement account offered
- Superhero Wallet is a cash management account built into Superhero Account (held under NAB)
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- Additional fees may apply for sell US trades. US shares transfer fee 65bps applies.
Read reviews and learn more about share accounts
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Share Trading
Small trade brokerage
Monthly fee
$3.00$0.00Trade more than 22,000 shares, ETFs and options across the Australian, US and Hong Kong markets on the moomoo Australia platform. And only pay from A$3 for local CHESS-sponsored trades and US$0.99 for all US trades. Other fees apply.
Share Trading
Trade more than 22,000 shares, ETFs and options across the Australian, US and Hong Kong markets on the moomoo Australia platform. And only pay from A$3 for local CHESS-sponsored trades and US$0.99 for all US trades. Other fees apply.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Ongoing free access to real-time US market data. $0 brokerage fee for 30 days and up to 12 free US shares depending on amount deposited. T&Cs apply.
- Brokerage details
- ASX trades are 0.03% the transaction amount, minimum $3.00 per order. US trades from $0.99 USD, other fees apply.
- Settle from any bank account
- Settlement account offered
- Customer funds held in segregated trust accounts with HSBC.
- CHESS ownership available
- Share pack
- Independent broker reports
- International markets
- Options
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
- Other restrictions
- Additional regulatory pass-through fees apply for US trades. Options are available for US markets only.
Read reviews and learn more about share accounts
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