Macquarie share accounts

3.2
Based on 3 Macquarie share account product reviews.
Fact Checked
Last updated

Overview

As one of Australia’s leading financial institutions, Macquarie Bank has been dedicated to providing innovative banking solutions since its establishment. Known for its expertise in investment and asset management, Macquarie offers a diverse range of financial products and services.

With the Macquarie Online Trading platform, you can seamlessly trade, research, and manage your share portfolio from anywhere. It’s designed to enhance your trading experience, providing powerful tools and insights to help you make informed decisions.

Mozo may receive payment if you click products on our site. We don’t compare the entire market.

Editor's pick: Silver share trading

Silver

Small trade brokerage
$19.95
Large trade brokerage
0.12%
Monthly fee
$0.00
Link not supplied
  • No account-keeping fees or management fees

  • Cross-device digital compatibility plus SMS and email alerts

  • Integrated with leading Aussie SMSF administration providers

  • Only able to trade Australian equities

  • Support only available by phone and email 8am-7pm weekdays

Our verdict

Macquarie Bank's online trading platform offers a clear experience for investors, catering to both beginners and seasoned traders. The interface is clean and intuitive, making it relatively easy to find essential features like market data and portfolio overviews.

In terms of fees, Macquarie's brokerage costs are competitive, but there are cheaper alternatives. You can leverage a Macquarie Cash Management Account (CMA) to check your balance in real-time for efficient trades and seamless settlement.

The platform also offers research resources, providing access to market insights, reports, and educational content that can enhance trading strategies.

The Silver package, while free, operates with a 20-minute delay on market data. You’ll need to upgrade and pay a monthly fee for the Gold and Platinum packages to receive live updates.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more online share trading accounts here.
Last updated 22 November 2024 Important disclosures

Macquarie share accounts

Get the latest news and product updates.

Macquarie share account ratings

Overall customer rating for Macquarie share accounts

3.2
Based on 3 product reviews.

Customer reviews

Important disclosures
What is Macquarie share trading?

Macquarie share trading is an online trading platform that enables investors to buy and sell shares listed on the Australian Securities Exchange (ASX), ETFs, ETOs, warrants and managed funds. It offers a comprehensive suite of tools and resources designed to assist traders in managing their investments effectively.

How secure is the Macquarie share trading platform?

Macquarie employs stringent security measures to safeguard user data and transactions. This includes multi-factor authentication, encryption, and proactive monitoring for suspicious activities, creating a secure trading environment for users.

How do I open a Macquarie share trading account?

To open a Macquarie share trading account, visit the Macquarie online trading website and complete the application form. You will need to provide personal details, identification, and financial information. Once your application is approved, you can fund your account and begin trading.

Can I use my Macquarie bank account for trading?

Each Macquarie Online Trading account needs to be linked to its own fee-free Macquarie Cash Management Account (CMA).

What is the minimum investment required?

For Macquarie share trading, the minimum investment required for a purchase order is generally $500. It's essential to also consider brokerage fees, which can impact the overall cost of investments.

What are the fees associated with trading?

Macquarie operates with a tiered pricing structure where fees depend on your trading volume and the type of trades conducted. It’s sensible to review the fee schedule on their website for specific rates relevant to your trading activities.

Does Macquarie offer a mobile trading app?

While Macquarie Bank doesn’t have a specific trading app available, you can access your account and make trades from your mobile and other devices via the online trading platform.

Is customer support available?

Yes, Macquarie offers customer support via phone and email, with their online trading team available to assist customers 8am-7pm weekdays.

Macquarie products

Share account quick links


Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.