Share Trading Finder™ – Compare Share Trading Accounts Online

Want to get into share trading? Here's what you need to know and how to choose the right online share trading platform.

Online share trading makes it easy and affordable for anyone to begin investing in shares and build a portfolio through the Australian Stock Exchange (ASX) and other markets. Learn how online share trading platforms work, how to make money from them, what sort of fees you'll pay and what all that confusing terminology really means. While share trading carries risks, it's worth investigating as a means of increasing your net worth.

Share Trading Account Offer

IG Share Trading

$0.00

monthly fee

$8.00

standard trade

Share Trading Account Offer

Competitive broker fees on Australian and international shares

  • Monthly fee: $0.00
  • Brokerage fee - standard trade: $8.00
  • International: Yes
  • Support - After hours: Yes
  • Type of broker: Online only
Go to site

Compare share and CFD trading accounts

Rates last updated July 21st, 2017
Name Product Monthly Fee Standard Brokerage Fee Margin trading - Online IPOs / Floats International Description
IG Share Trading
$0
$8
Yes
Yes
Yes
Low brokerage fees on Australian and international shares.
Saxo Capital Markets Share Trading
$0
$9.90
Yes
No
Yes
Access over 19,000 Australian and global shares.
CMC Markets Stockbroking Account
$0
$11
Yes
Yes
No
Trade shares, warrants, options, EFTs, managed funds, bonds and IPOs with CMC Markets today.
HalifaxOnline
$0
$14.95
Yes
Yes
Yes
Trade US and Australian shares, options, futures and CFDs with no registration fees. Trade 24/7 on your desktop, tablet or smartphone.
FP Markets Share Trading Account
$0
$14.95
No
No
Yes
Trade in ASX Stocks and CFDs, International CFDs, CFD Futures, Forex, Indices and Commodities.

Compare up to 4 providers

Rates last updated July 21st, 2017
Details Features
Halifax Online CFD
Halifax Online CFD
Trade US and Australian shares, options, futures and CFDs with no registration fees. Trade 24/7 on your desktop, tablet or smartphone. Commission - AUS shares: $10 or 0.12% Go to site More info
Saxo Capital Markets CFD
Saxo Capital Markets CFD
More than 9,000 CFDs including single stocks, stock indices and commodities Commission - AUS shares: 0.05% (minimum $5) Go to site More info
IG CFD Trading
IG CFD Trading
Trade from over 10,000 markets with Australia's leading service for CFD trading and forex. Introductory offer: receive a reduced commission for the first two weeks. Commission - AUS shares: From 0.10% Go to site More info
IronFX CFD
IronFX CFD
Trade Forex, CFDs, spot indices, spot commodities and more online. Commission - AUS shares: 0.10% Go to site More info
FP Markets CFD Account
FP Markets CFD Account
Trade CFDs with FP Markets using the IRESSTrader platform. Trade CFDs on international equities, futures and forex. Commission - AUS shares: $10 or 0.10% Go to site More info
Plus500 CFD Service
Plus500 CFD Service
Trade Australian and international CFDs on shares, forex, indices, commodities and more. $30 welcome bonus available. T&C's apply. Commission - AUS shares: Spread only Go to site More info
Rates last updated July 21st, 2017
Details Features
IG Forex Trading Account
IG Forex Trading Account
Trade from over 10,000 markets with Australia's leading service for CFD trading and forex. Spreads: From 0.6 pips Go to site More info
FP Markets FX Trading Account
FP Markets FX Trading Account
Trade forex using an Electronic Communications Network (ECN) model, meaning FP Markets doesn't profit from client losses. Two account types to choose from. Spreads: From 0.8 pips Go to site More info
IronFX Forex
IronFX Forex
Trade Forex, CFDs, spot indices, spot commodities and more online. Spreads: From 0.0 pips Go to site More info
Saxo Capital Markets Forex Trading
Saxo Capital Markets Forex Trading
Trade more than 180 currency crosses across multiple devices with a forex trading account from Saxo Capital Markets. Spreads: From 0.2 pips Go to site More info
Plus500 CFD Forex Trading Service
Plus500 CFD Forex Trading Service
Trade Australian and international CFDs on shares, forex, indices, commodities and more. $30 welcome bonus available. T&C's apply. Spreads: Spread only Go to site More info
InstaForex
InstaForex
InstaForex offers access to 107 currency pairs and CFDs on futures as well as access to global indices and a range of commodities. Spreads: From 0.0 pips Go to site More info
Vantage FX
Vantage FX
Low commission fee on trades with $0 account keeping fee. Spreads: From 0.0 pips Go to site More info
Halifax Online Forex Trading
Halifax Online Forex Trading
Trade US and Australian shares, options, futures and CFDs with no registration fees. Trade 24/7 on your desktop, tablet or smartphone. Spreads: From 0.0 pips Go to site More info

Rates last updated July 21st, 2017
Details Features
Commonwealth Financial Planning
Commonwealth Financial Planning
Free initial consultation offer with a financial planner Commonwealth Financial Planners could help you:
  • Grow your super
  • Insure your family and assets
  • Plan your investments
  • Prepare for retirement
Go to site More info

Everything you need to know to get started in share trading

How does online share trading work?

Companies sell shares (partial ownership of the company) in order to raise funds for expansion. Shareholders buy and sell shares through stock markets, which provide continuous updates on the prices of those shares. The value of a company's shares change daily, so shareholders aim to buy shares when they are low in cost, and then when the price of the share increases, sell the share and make a profit. Share trading is also commonly referred to a buying stocks - this is the same thing as buying shares. Generally, the term stocks is referring to a shareholder who has shares in several companies.

How do you trade shares in Australia?

For Australian-listed companies, all trading is done through the Australian Securities Exchange (invariably referred to as the ASX), which lists more than 2,000 companies. Overseas shares are traded on a variety of exchanges, including the New York Stock Exchange (NYSE), the NASDAQ and the London Stock Exchange (LSE).

How do I buy shares in a company?

In the pre-Internet era, the only way to buy or sell shares was through an individual broker, which was often expensive and time consuming. Online trading means investors can buy and sell shares directly in real time. While there are still fees involved, going online is far cheaper for individual investors. To buy a share online, you will need to create an account with an online trading platform (some great platforms for beginners are listed below).

When you buy shares online, you'll pay a brokerage fee for each transaction, which typically ranges from $5 to $25 for ASX trades. The standard ASX trading hours are 10am to 4pm AEST Monday to Friday. As well as shares, you can trade in index funds (which track the performance of a range of stocks) and other products. There's a minimum order of $500 when buying shares on the ASX, and your online trading platform may impose a higher limit.

What is a blue chip share?

Blue chip shares are large companies that are financially strong, and have a solid track record of producing good earnings to shareholders. Typically, they are industry leaders and household brands.  Investing in blue chip shares could be a good strategy for beginners, as they are usually considered to be very stable and have been in the market for a long time. For example the Big Four banks, CBA, NAB, ANZ and Westpac, are considered blue chip shares.

So how can you make money from shares?

There are two main techniques:

  • If you can sell your shares for a higher price than you paid for them, then you'll make a profit. This is possible both with short-term investments (where you sell the shares after a brief period of time) and over longer periods. When you're starting out, aiming for longer-term investments makes sense as you're less experienced.
  • Some (but not all) companies pay regular dividends to their shareholders, based on the amount of profit they make, which can provide an ongoing income stream and may also have some tax advantages for individual investors.

You can learn more about comparing share trading platforms in our detailed guide on how to make the best choice.

What are the best beginner trading sites?

If you're new to online share trading, a good place to start is with the platforms offered by the "big four" Australian banks: Commsec, Westpac Online Investing, nabtrade and ANZ Share Trading. These sites all offer affordable brokerage fees and a range of education and research resources to help you learn the ins and outs of trading.

How can I choose the best share trading platform for me?

  • Compare commission fees. Some brokers may charge extra for different types of orders or specialised investment products. High-value trades are often charged as a percentage of the total trade value, rather than having a fixed fee. Share Trading Finder™ can help you compare these accounts and commission fees.
  • Availability of advice and research options. Online brokers will usually offer market news and updates, as well as other research tools that will let you investigate the trading history of individual stocks.
  • Integration with bank accounts. Some services let you transfer money easily from your trading account to a high interest savings account. Others offer linked debit cards to use with your accounts.
  • Access to other markets. If you want to invest in offshore exchanges, check what options are available with each service.

The latest in share trading

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6 Responses

  1. Default Gravatar
    DebJune 25, 2017

    Are there any monthly or quarterly fees for IG? I don’t see any in the above comparison like the banks have.

    • Staff
      RenchJune 25, 2017Staff

      Hi Deb,

      Thanks for your inquiry.

      There are no monthly/quarterly fees for IG Share Trading. You may click on the name of the bank above this page for more info or you can click here. Then you may click on the green ‘Go to Site’ button to submit an online application.

      Cheers,
      Rench

  2. Default Gravatar
    DonJune 1, 2017

    I have commsec account and would like to print my commsec account balance as at 30.6.2016. How can I get the information? Thanks.

    • Staff
      JonathanJune 1, 2017Staff

      Hi Don!

      Thanks for the comment.

      You can contact CommSec Share Trading Support directly to request a consolidated statement.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    RichardMay 30, 2016

    Hi there I have my drivers license with me what do I now!

    • Staff
      ShirleyMay 31, 2016Staff

      Hi Richard,

      Thanks for your question.

      Please choose a share trading provider you would like to sign up with. Click on “Go to site” and follow the prompts to sign up.

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