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Finder Awards 2020 Best Share Trading Platform (Long-term Investors)

This platform has no monthly subscription fee or inactivity fee. It has a range of analysis tools, access to managed funds and IPOs and ETF promotions.

Finalists:

Methodology: Best Share Trading Platform (Long-term Investors)

Here's how our expert analysts assessed the Best Share Trading Platform (Long-term Investors) 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 algorithm prioritises fees charged for a few trades per month of more than $1,000 as well as platforms that do not have additional charges if an investor chooses to make no trades at any given time (AKA the inactivity fee). We also look at whether the platforms offer managed funds and put less importance on whether the platform features fractional investing, options trading and forex and CFDs.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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