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Marketech share trading review

Low brokerage for ASX stocks while enjoying real-time market data and live trading charts.

Finder's rating: 3.8/5

★★★★★

Marketech is an ASX trading platform that provides everyday investors with real-time pricing data plus a wide array of trading tools for institutional players to gain an instant market edge over their competitors.

AUD $5

Standard brokerage fee

ASX, Chi-X, NSX

Available markets

Email

Support

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Details

Type of broker Online only
ASX products Shares
Available markets ASX
Chi-X
NSX
Standard brokerage AUD $5
Support Email

Our verdict

Investors who want to trade Australian shares like a professional should look no further than Marketech.

The broker has some of the lowest fees, live data and most advanced trading metrics around. As such, investors will feel like professional traders when using this product.

Experienced traders who like to use indicators when making buying and selling will enjoy this broker.

The broker also makes placing orders smooth, easy, and seamless to track multiple options.

It is also one of few brokers that allow access to all 3 major Australian markets: the ASX, NSX and Chi-X.

While the trading platform is state-of-the-art, it can be a bit daunting for new investors who will immediately be confronted with professional style data such as live graphs.

Investors will also be limited in what they can buy. Unfortunately, Marketech is Australian only, meaning investors can't buy global shares through the platform.

Pros

  • Brokerage starts as low as $5 per trade
  • Free access to Marketech's basic account for everyone
  • Live prices are available on both basic and premium accounts
  • CHESS-sponsored shares
  • Professional trading tools

Cons

  • No access to global stocks
  • The premium account charges a $45-a-month account fee

Key features worth highlighting

Fees

★★★★★ 4.4/5

Trading tools

★★★★★ 2.9/5

Research and education

★★★★★ 3/5

Available securities

★★★★★ 1.5/5

Customer support

★★★★★ 2.7/5

To learn how our star ratings are calculated, read the methodology here.

Provides a high degree of fund security

As soon as you open a trading account with Marketech, you are provided with a Macquarie Bank cash management account (CMA). It serves as a storehouse for all of your funds after you successfully execute a buy/sell order.

Personal HIN provided

When you trade with Marketech, you get your own holder identification number (HIN). As a result, all of your purchased shares are booked under your name exclusively. This gives you the freedom to transfer your holdings to and from your account as you please.

Low brokerage fees

Marketech's FocusLite model aims to primarily serve low-volume traders. It levies a flat $10 minimum brokerage fee per trade while its premium counterpart Focus uses a $45 monthly subscription, levying a minimum $5 per trade brokerage rate.

Solid industry partnerships

Marketech recently entered into an agreement with portfolio management company Sharesight, allowing the firm to use the latter's novel market-tracking products. As a result, investors can get a clear, instant insight as to how their portfolios are performing as well as keep a tab on their dividend payments, generate tax reports and other information – all with the touch of a button.

Real-time data in the palm of your hands

The platform provides investors with market data in real-time, allowing users to identify and act on trends using live charting tools as well as a market depth monitoring system.

2 accounts to choose from

Marketech FocusLiteMarketech Focus
Subscription charges$0$45
Brokerage rates$10/0.04%$5/0.02%
Price data deliveryUpdated upon refreshReal time
Market movers scanNoYes
Technical analysis overlay on chartsAvailableAvailable
Individual HIN (not trustee)YesYes
Individual Macquarie CMAYesYes
Sharesight integrationYesYes

What's the catch?

Even though Marketech's premium Focus account provides users with live pricing data, the standard FocusLite account requires users to refresh each page repeatedly to obtain real-time market insights. This can be arduous, but is fairly standard among free accounts across the board. Live prices are available on the Focus account.

How does the system work?

Marketech is a share trading platform and all trading, account and settlement services are provided by OpenMarkets Australia. All shares bought via the platform are CHESS-sponsored and held in your name.

Your funds are stored with a Macquarie Bank CMA, with each user being provided with their very own HIN.

Primary fee structure

Marketech's FocusLite offering, which has been designed with the goal of serving low-volume traders, provides users with free monthly access and minimum brokerage charges of $10 per trade or 0.04%.

On the other hand, Focus, which is Marketech’s premium trading account, has been crafted for active traders and charges a $45 monthly subscription. It allows users to obtain live ASX data streams and charges a minimum $5 or 0.02% brokerage rate per transaction.

How to open a Marketech account

Opening a trading account on Marketech is straightforward. To open an account:

  1. Go to the Marketech website: https://marketech.com.au.
  2. Fill out your name, email address and other basic details.
  3. Verify your identity and supply your Australian passport, driver's licence, Medicare card or other personal IDs.
  4. Once the verification process is complete, add some funds to your account and start trading.

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