Top 5 CHESS-sponsored share trading platforms in 2023

By Jack Dona · · 2 min read
Fact Checked
Advertiser disclosure
An analyst looks at stock market data on a screen that is reflected in her reading glasses

While custodial model platforms – which typically hold shares on your behalf – can help to reduce the financial barrier to entry for share traders, some prefer the added security of CHESS-sponsored shares, held under their own HIN. 

So, if you’re looking for a new share trading account offering CHESS-sponsored holdings, try these on for size.  

Here you’ll find some of the best share trading platforms from the Mozo Experts Choice Awards^ that offer CHESS ownership for your shares.

1. A share trading account with a great mobile app 

Stake provides CHESS-sponsored shares for Australian investors. They also offer access to Wall St. stocks through the same platform. We featured Stake’s minimalist trading app in our review of great share trading platforms for mobile in 2023.

ASX Share Trading
  • CHESS-sponsored shares
  • $3 flat brokerage for ASX trades (up to $30,000)
  • Access to over 2,000 ASX stocks and ETFs
  • Minimalist mobile trading app
  • 2023 Mozo Experts Choice Award winner
Find out more

Alongside Stake’s low-cost access to the US markets, investors can also purchase over 2,000 Australian stocks and ETFs, with the platform’s ASX Share Trading option. Brokerage starts at $3 for each trade below the value of $30,000 (after which, you’ll be charged 0.01% per trade). Stake could be a share trading platform worth exploring for those looking to shave down their brokerage fees. Stake also won a Mozo Experts Choice Award^ for being the Share Trading Platform of the Year (Casual) in 2023, for the second year in a row.

2. Multi-award-winning share trading account 

CMC Markets offers CHESS sponsorship and won multiple Mozo Experts Choice Awards^ in 2023, including the award for Share Trading Platform of the Year (Pro), for the second year running. 

Share Investing (Standard)
  • CHESS-sponsored shares
  • $0 brokerage on ASX shares (up to $1,000)
  • $0 brokerage on US, UK, Canadian and Japanese shares
  • Free live ASX data
  • Multiple 2023 Mozo Experts Choice Award winner

CMC Markets offers investors CHESS-sponsored shares, with ASX brokerage starting at $0 per trade (up to $1,000). For US, UK, Canadian, and Japanese shares, brokerage also starts at $0, however, there is a minimum trade value of $1,000 (other fees may apply). With the CMC Markets Invest account, you’ll have access to a range of tools and features, like free live ASX data. CMC Markets Invest won multiple 2023 Mozo Experts Choice Awards^ and was also named the Share Trading Platform of the Year (Pro).

3. Share trading platform for stocks, ETFS, bonds and commodities 

Saxo Markets not only offers access to CHESS-sponsored shares, it also allows investors to trade over 19,000 stocks from a wide range of global markets, invest in ETFs, bonds, and even commodities.

Classic
  • CHESS-sponsored shares
  • $8 brokerage per trade under $6,250 (0.08% brokerage thereafter)
  • Access to live data and market updates
  • Trade more than 19,000 stocks from 40 global exchanges
  • Multiple 2023 Mozo Experts Choice Awards winner
Find out more

With Saxo Markets, brokerage starts at $8 per trade, where the total value of your trade is less than $6,250. For trades over that amount, brokerage costs 0.08% of the trade value. With Saxo Markets, you can stay in the loop with access to live share market data and market updates, as well as trade over 19,000 shares from 40 global exchanges. Saxo Markets also gives customers access to ETFs, bonds, and other commodities. Saxo Markets also picked up two 2023 Mozo Experts Choice in the Casual ASX Trader and Casual ETF trader categories.

4. Share trading account for beginner ETF investors 

CommSec Pocket offers CHESS-sponsored exchange-traded funds (ETFs). This share trading platform is a little different from the others on this list, in that you don’t have access to the full-range of shares or markets that other accounts provide. Instead, you can choose from seven pre-made ETFs, including the ASX top 200, Global 100, an ESG fund, and a tech fund.

CommSec Pocket
  • CHESS-sponsored ETFs
  • Brokerage starts at $2 per trade (up to $1,000)
  • Curated selection of themed ETFs
  • Ability to set up auto-investing plan
  • Multiple 2023 Mozo Experts Choice Awards winner
Find out more

Designed with beginners in mind, CommSec Pocket offers a simplified approach to share trading that could serve as a good entry point for budding investors. Unlike other share trading platforms, it offers a selection of just seven Exchange Traded Funds (ETFs) to invest in. These vary in theme, so you’ll be able to select one or a combination of several that interest you. However, access to regular share trading is not available with CommSec Pocket. Brokerage fees come in at just $2 on trades up to $1,000 and 0.20% on larger amounts.

5. Share account with Live Data, Dynamic Data and WebIRESS

Bank of Queensland (BoQ) offers CHESS-sponsored share ownership. The entry-level account comes with free live ASX data and is suited more towards casual traders. More active traders may want to take advantage of the Dynamic Data package ($41.25/month) and Dynamic Data + WebIRESS package ($168.85/month).

Live Data
  • CHESS-sponsored shares
  • Brokerage starts at $17.95 on ASX trades up to $16,318
  • Access to live ASX data
  • Trade Australian, US, and other global shares
  • 2023 Mozo Experts Choice Awards winner
Find out more

A BoQ Share Trading account gives customers access to free live ASX data, and Australian, US, and other international shares. For an extra monthly fee, you can also access Dynamic Data and WebIRESS feeds. Brokerage fees are fairly consistent with other big banks pricing, starting at $17.95 for ASX trades up to $16,318. For US and Canadian shares, brokerage starts at $24.95 for trades up to $5,000, after which the fee rises. Other international share brokerage starts at $59.00, or 0.59% (whichever is higher).

Share account comparisons on Mozo - rates updated daily

Search promoted share trading below. Advertiser disclosure.
  • placeholder
    Share Trading

    Small trade brokerage
    Monthly fee
    $3.00
    $0.00

    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).

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    Mozo Experts Choice 2023
    Tiger Account

    Small trade brokerage
    Monthly fee
    $5.50
    $0.00

    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.

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  • placeholder
    Share Trading

    Small trade brokerage
    Monthly fee
    $7.70
    $0.00

    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).

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    Details
  • placeholder
    Idle Cash

    Small trade brokerage
    Monthly fee
    $5.50
    $0.00

    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.

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  • placeholder
    Webull Share Trading Platform

    Small trade brokerage
    Monthly fee
    $4.90
    $0.00

    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. Earn up to 5.3% (P.A) yield on uninvested funds with Moneybull plus a cash voucher worth USD100 by funding USD2000 or more and maintaining the funds for 90 days! (T&Cs apply)

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  • placeholder
    ASX Shares

    Small trade brokerage
    Monthly fee
    $0.00
    $0.00

    Join the world’s leading social trading platform, trusted by 30 million users worldwide. Invest in stocks, crypto, ETFs and more - all in one place. Hone your financial skills with a $100K virtual demo account.

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