Online investing in Australia continues to grow

online share trading

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 - rates updated daily

Search promoted share trading below. Advertiser disclosure.
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    Live Account

    Small trade brokerage
    Monthly fee
    $5.00
    $0.00

    Superhero Live Account is trading for everybody. Zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.

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    Share Trading

    Small trade brokerage
    Monthly fee
    $8.00
    $0.00

    ThinkMarkets offer an $8 flat fee share trading account with HIN ownership (CHESS sponsored) so you control your own shares plus free live price data and market depth.

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    Details
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    Trading Account

    Small trade brokerage
    Monthly fee
    $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)

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    Details
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    Mozo Experts Choice 2022
    Tiger Account

    Small trade brokerage
    Monthly fee
    $6.49
    $0.00

    Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. No minimum deposit is required. Chance to win up to $1,600 in Welcome Prices, $0 brokerage on US Stocks trading and ASX Stocks trading for first year (T&Cs apply - see website for full details. Limited time offer).

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    Standard

    Small trade brokerage
    Monthly fee
    $0.00
    $0.00

    CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Aussie and US shares from $0 brokerage (T&Cs apply - see website for full details).

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    Details
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    Share Trading

    Small trade brokerage
    Monthly fee
    $8.00
    $16.67

    IG is part of a major FTSE 250 company with over 185,000 clients worldwide. Commission from just $5 for customers making 3+ trades per month.

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    Details

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