Money Magazine Australia

Cheapest Online Brokers Best Feature-Packed Bank Online Brokers

GOLD WINNER SELFWEALTH

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Cut-price trading fees allow investors to maximise their returns

For the third year running, SelfWealth has taken out the award as the most affordable online broker, charging a low $9.50 brokerage fee for every trade regardless of the size.

While customers can only trade Australian shares and products currently, they will soon be able to invest in US stocks for a flat fee, with more than 7500 shares on offer.

Other features customers can expect from the new feature include a competitiv­e foreign exchange rate and free sameday transfer from Australian to US dollars.

In October, the ASX-listed trading platform reached a milestone of 60,000 active traders and is increasing­ly taking market share away from incumbents.

IG Group is the next bestvalue trading platform, catering for beginners and experience­d traders interested in shares and contracts for difference (CFDs). For Aussie shares, IG charges as little as $5 or 0.05% if customers traded shares three or more times in the previous month.

The IG Community offers an interactiv­e space where customers can share tips.

CMC Markets has won this award numerous times and keeps its third place from last year. Customers can trade in a range of products and markets, from foreign exchange commoditie­s to cryptocurr­ency CFDs.

It has won a number of awards for its CFD and share trading platforms, which offer advanced charting packages and in-depth market research.

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