Best Feature-Packed Online Brokers
GOLD WINNER COMMSEC A host of research and education tools help investors make the right calls
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CommSec has won the award for the 12th year in a row. “It has continued to set the standard for the best feature-packed online broker award by providing tools and support to assist traders at all levels,” says Emily Horton, research analyst with Canstar.
Users receive access to realtime updates, technical analyst reports on desktop and mobile, and live charting tools to help make more informed and timely decisions and take advantage of market opportunities, she says.
It also provides access to industry reporting and commentary from experts who analyse the market and economy.
“Education is paramount on the platform, with tools aimed to increase investor knowledge covering topics from trading fundamentals to advanced trading concepts and portfolio management,” says Horton.
CMC Markets joins the winners’ circle in second spot. “CMC delivers platform features that are optimised on desktop and mobile and provide education tools to give clients trading insights and opportunities. “At the time of rating, investors were able to access over 2200 domestic equities. They also get access to 12 charts, including advanced types such as line break, kagi and renko, all of which can be customised and saved.
“Tools are there to assist investors at each stage. So even those new to the market are able to find extensive help within the chart forum community, which allows investors to utilise technical research as well as share and discuss trade ideas,” says Horton.
Nabtrade comes third for the third year running. “This platform offers free online tutorials, live online help in market hours and other helpful education materials including trading tips and strategies to provide insight for investors at every stage,” says Horton.
Investors can view global market data and company research, including news and market depth. The global scanner tool spots investment opportunities. Investors had access to 1500 domestic equities and 10,000 international equities, says Horton.