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Mini meca 2021

Opentrader Share Trading

Advertiser disclosure
Small trade brokerage with conditions
$5.00
Trades under $5,000, $10 for trades between $5,001 and $10,000, $15 for trades between $10,001 and $15,000
Large trade brokerage with conditions
0.1%
Trades over $15,000
Monthly fee
$0.00
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Mozo editorial review Opentrader Share Trading - last updated: 23 December 2021

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What's hot
  • Multiple 2021 Mozo Experts Choice Awards
  • $5 brokerage for trades under $5,000
  • Charting tools and custom dashboards
What's not
  • No access to international markets
Mozo snapshot

With competitive brokerage rates and a host of useful tools and data to make use of, Opentrader’s Share Trading account provides many of the features both new investors and experienced traders will want at their disposal. Plus Opentrader’s Investor option is a multi award winner, having taken out two 2021 Mozo Experts Choice Online Share Trading Awards in the Casual ASX Trader and Casual EFT Trader categories. 

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Key features

Let’s start with the features, because there are plenty available. Opentrader currently offers advanced charting, multiple watchlists, customisable dashboards and conditional orders. Plus free live data is also currently available to all of its users. 

Opentrader users will also have access to some of the lowest brokerage rates around - particularly on smaller trades. That’s because Opentrader provides a pretty simple brokerage structure, starting at just $5 on trades of up to $5,000, then $10 for trades between $5,000 - $10,000, $15 for trades between $10,000 - $15,000 and 0.1% for trades above $15,000.

Investors will be able to trade everything from shares or stocks, to exchange traded funds (ETFs) and options on Australian markets such as the ASX and Chi-X, but there’s no access to international markets at present. Opentrader also offers a premium service, The Green Room, that gives investors extra desk support and access to exclusive capital market offers, including Pre-IPOs, IPOs placement and convertible notes investments.

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Who is it good for

Given its low brokerage rates, plus the handy features and tools on offer, Opentrader could certainly be an option worth considering for all types of investors. 

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Any catches

Just remember that Opentrader doesn’t provide access to US and international markets - at least, not yet.

Details

Rates and fees information correct as at 25 January 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees

$5.00

Trades under $5,000, $10 for trades between $5,001 and $10,000, $15 for trades between $10,001 and $15,000

0.1%

Trades over $15,000

$5 trades under $5,000, $10 for trades between $5,001 and $10,000, $15 for trades between $10,001 and $15,000, 0.10% for trades more than $15,000.

no

$0.00

n/a

n/a

Tools

yes

Features

none

none

Opentrader currently offers free live data to all customers. Customers that fund their accounts for the first time before February 2022 can lock in the $5 per trade tier ongoing.

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About Opentrader