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Finder's rating: 3.8/5
★★★★★
AUD $5
Standard brokerage fee
ASX, Chi-X, NSX
Available markets
Support
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Type of broker |
Online only |
---|---|
ASX products |
Shares |
Available markets |
ASX Chi-X NSX |
Standard brokerage | AUD $5 |
Support |
Email |
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.
Fees |
★★★★★ 4.4/5 |
|
Trading tools |
★★★★★ 2.9/5 |
|
Research and education |
★★★★★ 3/5 |
|
Available securities |
★★★★★ 1.5/5 |
|
Customer support |
★★★★★ 2.7/5 |
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.
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.
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.
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.
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.
Marketech FocusLite | Marketech Focus | |
Subscription charges | $0 | $45 |
Brokerage rates | $10/0.04% | $5/0.02% |
Price data delivery | Updated upon refresh | Real time |
Market movers scan | No | Yes |
Technical analysis overlay on charts | Available | Available |
Individual HIN (not trustee) | Yes | Yes |
Individual Macquarie CMA | Yes | Yes |
Sharesight integration | Yes | Yes |
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.
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.
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.
Opening a trading account on Marketech is straightforward. To open an account: