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GOLD WINNER SELFWEALTH TRADING With prices this low, the cost of trading shares won’t eat into your returns
For the second year running, SelfWealth Trading has taken out the top award, offering a flat $9.50 fee for each trade, regardless of its size.
“Fees this low are sure to attract plenty of attention, particularly from those dealing in high-value trades,” says Joshua Sale, senior research analyst with Canstar, which judged these awards.
“Setting up a basic account with SelfWealth is quick, easy and free, so you can be up and trading in no time and at a fraction of the cost of many of their competitors.”
Amscot has joined the winners’ circle, coming in second. It offers customers access to basic education and daily research reports.
CMC Markets, a past multiple winner of this award, came third. Frequent traders get a discounted rate for using its service.
It offers basic customers access to stock analysis and free tax and portfolio reporting on up to 10 holdings.
IG has the cheapest brokerage in the market – from $8 a trade – but was ineligible for this award as a broker has to offer CHESS sponsorship to be considered.