Finder Awards 2020 Best Share Trading Platform (US stocks)
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Best Share Trading Platform (US stocks)
This platform offers zero brokerage fees, a low currency conversion fee and no subscription fees for the basic account.
It allows users to copy more experienced investors' trade movements, other features including news updates, charting tools and a demo account with $50,000 play money to practice with.
Methodology: Best Share Trading Platform (US stocks)
Here's how our expert analysts assessed the Best Share Trading Platform (US stocks) 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
For this category we only include trading platforms that offer access to the US market and then prioritise lower broker fees on US-listed stocks for both active and casual investors. It also takes into account inactivity fees, currency conversion fees and the range of additional available features.
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