Cheapest Online Brokers Best Feature-Packed Bank Online Brokers
GOLD WINNER SELFWEALTH
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.