Finder Awards 2020 Best Australian Share Trading Account
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Best Australian Share Trading Account
This platform is simple to use but has advanced features including CHESS-sponsored ASX shares, access to exchange traded funds (ETFs), managed funds (mFunds), warrants, options and IPOs.
It has a range of trading tools, including broker ratings, limit orders and company news and analysis. Plus, no subscription or inactivity fees.
Methodology: Best Australian Share Trading Account
Here's how our expert analysts assessed the Best Australian Share Trading Account category to pick the 2020 winner.
We use a proprietary algorithm that calculates the ranking of our share trading platforms based on fees, features, available markets and user experience. For more information about how we calculated our categories, see Finder's share trading ranking page.
Due to the complicated nature of broker fees, we set these assumptions:
- Where fees are priced in different global currencies, the rates are based on the exchange rate set as of 28 April 2020.
- Where fees are based on a dollar per share structure, we've used a nominal share price of $10 per share.
- In cases where fees are charged as a percentage of total holdings, we assume the total trade value per month is 10% of total holdings. For example, if you make 1 trade of $100 per month, the assumption is your total holdings equal $1000.
- In cases where the broker offers both CHESS and issuer sponsored shares, we have used the least expensive option in terms of broker fees.
Selection and weighting
Using our share trading algorithm, we prioritise the features that are key to specifically trading ASX-listed shares and exchange traded funds (ETFs). This includes brokerage and inactivity fees for Australian shares and the ability to access the ASX. We put less importance on international share trading features or products such as forex or CFDs.
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