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Macquarie Online Trading Account

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Matt Corke
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Access Australian shares, ETFs and managed funds at home or on the go.

Finder's rating: 2.2/5

★★★★★

Macquarie is a leader in the Australian banking sector, known for its smart, digital platforms and offering a range of financial products and services for personal, business, corporate and institutional customers.

AUD 19.95 or 0.12%

Standard brokerage fee

ASX

Available markets

Phone, Email

Support

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Details

Type of broker Online only
ASX products Shares
Exchange traded options
Exchange traded funds
mFunds
Available markets ASX
Standard brokerage AUD 19.95 or
0.12%
Support Phone
Email

Investment products available

  • Australian shares. Access around 2,200 companies listed on the Australian Securities Exchange (ASX).
  • Exchange traded funds (ETFs). ETFs can track commodities, bonds, indices or baskets of assets. You can trade Australian ETFs through the ASX.
  • mFunds. These refer to unlisted managed funds settled using ASX operating rules. You can use your Macquarie Bank trading account to invest through the mFund Settlement Service, which allows you to easily diversify your portfolio.

Features of Macquarie Online Trading

Fees

★★★★★ 3.6/5
Trading tools

★★★★★ 2.7/5
Research and education

★★★★★ 2.4/5
Available countries

★★★★★ 1.5/5
Available securities

★★★★★ 2/5
Customer support

★★★★★ 3/5
To learn how our star ratings are calculated, read the methodology here.

Market data and research

Macquarie Bank trading account holders get access to the latest news from Dow Jones as well as the most up-to-date company information from Morningstar. You also get access to ASX quotes, watchlists, consensus research reports, company data and more.

Access your account on-the-go

Trading and monitoring your account is easy. You can do this online using a computer, smartphone or tablet. You can also trade over the phone.

Available markets

When investing in shares, you get to buy and sell shares listed on the ASX.

Integrated cash account

Macquarie Online Trading is integrated with the Macquarie Cash Management Account, giving you full visibility of your finances and easy access to your funds when you need it.

Ideal for SMSFs

The Macquarie Online Trading Account gives you detailed investment reports, which is helpful if you have a self-managed super fund.

Four trading levels available

You can choose between four market data packages, each offering various levels of market data and charting. These vary in price, and more details on each level can be found below.

Brokerage fees

Standard brokerage rates

Online tradingCost per trade: $19.95 or 0.12% (whichever is greater)
Phone tradingCost per trade: $49.95 or 0.30% (whichever is greater)

mFunds

Per online application or redemption$30 or 0.1% (whichever is greater)
Per over the phone application or redemption$60 or 0.2% (whichever is greater)

What trading levels are available?

The Macquarie Bank online trading account lets you choose from different market data packages. Services levels vary in accordance. The corresponding table shows details of your options.

Market data package costASX quotesMarket depth and detailWatchlistsNews and company announcementsCharting
SilverFree20-minute delayed20-minute delayed20-minute delayedLive20-minute delayed
Gold$10 per monthLiveLiveLiveLiveLive
PlatinumUp to $22 per monthStreamingStreamingStreamingStreamingLive
WebIRESS$79 per monthStreamingStreamingStreamingStreamingAdvanced content, real-time

With the Gold package, you simply have to click to refresh market data and prices. If you go the Platinum way, you have to pay the $22 monthly fee upfront, accrued at 6.6 cents per minute. You get a refund of the unused portion at the end of the month.

Customer support

Existing Macquarie Bank online trading account holders can speak to a customer service representative over the phone, 8:30am to 6pm, Monday to Friday (AEST). You can also get in touch via email.

All online trading account holders get access to after-market email watchlists and portfolio updates, consensus research reports as well as company data surrounding dividends, corporate actions and profiles. No matter which market data package you select, you can also get email and SMS alerts. New and seasoned traders can benefit by going through an array of online educational material.

The pros and cons of Macquarie Online Trading

Pros

  • Linked Macquarie Cash Management account. Use an integrated Macquarie Cash Management Account (CMA) to place and settle trades quickly. Check your CMA balance in real time, minimising the possibility of settlement failures.
  • You can borrow to invest. If you wish to borrow to invest, you can borrow up to 95% of the required money to invest in or short sell shares. You get to monitor your investments’ performance in real time.
  • Multiple market data packages. Choose from four market data packages based on your requirements.
  • Mobile trading. Access your account on-the-go with mobile trading.

Cons

  • No round-the-clock support. Clients can access phone support Monday to Friday 8:30am to 6:00pm only. No live chat support service available.
  • Australian equities only. You cannot access international shares with a Macquarie Online Trading account.

The application process

If you’ve decided to open a Macquarie Online Trading account you can click the green “Go to Site” button on this page to go directly to Macquarie’s site where you can apply securely online. You can open a Macquarie online trading account as an individual, a joint account holder, a trust, a self-managed super fund, a company, a business, an incorporated association or an incorporated body.

You need to be over 18 years old and have an Australian residential address to open an account. Plus, you will be asked to verify your identity as part of the application process, which you can do using your driver’s license, passport and/or birth certificate. Macquarie will contact you if they require any extra details.

Once your identity is verified and your application is complete, you will get a Macquarie Online Trading account and a linked Macquarie Cash Management account opened in your name. You can now start trading.

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12 Comments

    Default Gravatar
    Barbara
    January 8, 2018

    Please explain how to buy shares .Quantity?
    Price?

    Reply
      Avatarfinder Customer Care
      Jonathan
      February 21, 2018

      Hi Barbara,

      Thanks for your comment.

      The price of a share is how much the public thinks that share should be worth. This is determined by the company, product/ service they are selling, the industry they are operating in and other factors including news.

      The quantity of the shares to purchase will depend on how much you like the share, and your budget.

      Please see our guide on buying shares online.

      Best,

      Jonathan

      Reply
    Default Gravatar
    Stan
    October 24, 2017

    I am unable to open a Macquarie Prime account. It has been some considerable time since I last traded and we have been using our capital to expand our business. I notice that you have changed the method of accessing our bank account through mobile phones. What is the alternative for those who don’t use mobile phones or who live or work outside mobile phone range?

    Reply
      Default Gravatar
      Jonathan
      October 24, 2017

      Hi Stan,

      Thank you for your inquiry.

      Macquarie Online Trading Terms and Conditions Updates recognized Electronic Communication, which is being conducted through internet, mobile device application or other means.

      Usually, a confirmation email will be sent to you to ensure you are using current email address for any notifications. In the event that a confirmation has not been delivered, your confirmation receipt and other future communication will be mailed to your last registered address which is subject to relevant costs involved.

      You may refer to Macquarie Online Trading – Terms and conditions or speak to Macquarie representative to discuss more details about mail correspondence.

      Hope this helps.

      Cheers,
      Jonathan

      Reply
    Default Gravatar
    Stephen
    September 20, 2016

    I am Australian but have been resident in London for several years. Are there any platforms that are more suitable for non residents? I bank with CBA but the Comsec platform does not support non residents.
    Thanks

    Stephen

    Reply
      Avatarfinder Customer Care
      Clarizza
      September 22, 2016

      Hi Stephen,

      Thanks for your question.

      The ability to trade internationally would depend on the type of account you have.

      For example, if you are living in London, you can continue to use a particular platform to trade shares. However, your account might dictate that you can only trade on domestic shares (Australian ASX market) using Australian currency.

      We recommend speaking to your provider to find out which account allows you trade internationally or speak to a financial planner.

      Regards,
      Clarizza

      Reply
    Default Gravatar
    Michael
    March 30, 2016

    I only want to buy 4 thousand shares what is simplest way?

    Reply
      Avatarfinder Customer Care
      Shirley
      March 31, 2016

      Hi Michael,

      Thanks for your question.

      You can sign up for an online share trading platform and purchase your shares and compare share trading platform on our list of online brokers.

      For Australian-listed companies, all trading is done through the ASX (Australian Stock Exchange). If you want to buy shares in companies based outside of Australia, you can read our comprehensive guide to international share trading.

      Cheers,
      Shirley

      Reply
    Default Gravatar
    Stephen
    November 3, 2015

    When will Macquarie Prime have an application so I can trade on my iPhone?

    Reply
      Avatarfinder Customer Care
      Shirley
      November 4, 2015

      Hi Stephen,

      Thanks for your question.

      Unfortunately we cannot speak for Macquarie Bank, this question is best direct at them.

      Cheers,
      Shirley

      Reply
    Default Gravatar
    Viv
    July 28, 2015

    Can I trade international shares through a Macquarie Prime online share trading account?

    Reply
      Avatarfinder Customer Care
      Marc
      July 29, 2015

      Hi Viv,

      Thanks for the question!

      Macquarie Prime does not offer the ability to trade international shares at this current time; however they do allow you to invest from over 2,000 Australian Securities Exchange (ASX) listed shares.

      You can compare online platforms which allow international shares. As a reminder, it is always advisable to conduct a thorough research before investing as there are significant risks involved. Please also read through the Product Disclosure Statement/Terms and Conditions before making a decision on whether it is right for you. You may want to also consider speaking to a financial advisor who can guide you in share trading. 

      I hope this helps,
      Marc

      Reply
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