Finder Awards 2020 Best Low-Cost Brokerage
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Best Low-Cost Brokerage
With brokerage fees that are the lowest in the market for both Australian and global shares this platform released $0 commission trading for all global stocks, including US and Europe, while fees for Australian shares start from just $5.
Methodology: Best Low-Cost Brokerage
Here's how our expert analysts assessed the Best Low-Cost Brokerage 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
The focus here is primarily on broker fees at every level of trading – regardless of how often you trade or the trade size. Broker fees for both Australian and global share trading is also taken into account, along with inactivity fees.
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