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GOLD WIN­NER SELFWEALTH TRAD­ING With prices this low, the cost of trad­ing shares won’t eat into your re­turns

Money Magazine Australia - - CONTENTS -


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.

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