Key features worth highlighting
| Fees |
★★★★★ 4.4/5
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| Trading tools |
★★★★★ 2.9/5
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| Research and education |
★★★★★ 3/5
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| Available securities |
★★★★★ 1.5/5
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| Customer support |
★★★★★ 2.7/5
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| Available countries |
★★★★★ 1.5/5
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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 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 |
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:
- Go to the Marketech website: https://marketech.com.au.
- Fill out your name, email address and other basic details.
- Verify your identity and supply your Australian passport, driver's licence, Medicare card or other personal IDs.
- Once the verification process is complete, add some funds to your account and start trading.
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.
