Finder Awards 2020 Best Share Trading Platform (Active Traders)
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Best Share Trading Platform (Active Traders)
This platform has a selection of advanced trading tools and low brokerage fees for high frequency trading. It offers the option to trade global and Australian shares, fractional shares, OTC stocks, options, forex, CFDs and commodities plus eight different limit orders when trading.
Methodology: Best Share Trading Platform (Active Traders)
Here's how our expert analysts assessed the Best Share Trading Platform (Active Traders) 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
Our share trading algorithm weighs whether each platform has advanced charting tools, access to both Australian and global shares, a high list of order types, broker analysis and the ability to trade options, forex, CFDs and margin trading. Brokerage fees also prioritise a high level trading activity of more than 10 trades per month.
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