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Marketech share trading review

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Marketech share trading
4.2
★★★★★
Finder score

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Standard brokerage fee
$5
Available markets
ASX, Chi-X, NSX
Support
Email

Our verdict

Get low brokerage for ASX stocks with free real-time market data and live trading charts.

For investors who want to trade Australian shares like a professional, Marketech is a solid option.

The broker has competitive trading fees, especially when combined with its live data offering plus range of advanced trading metrics.

And experienced traders who prefer to use indicators when placing trades will particularly appreciate this broker. Marketech also makes placing orders smooth, easy, and seamless to track multiple options.

That being said, while the trading platform is state-of-the-art, it can be a bit daunting for new investors who will 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
  • Live prices are available on both basic and premium accounts
  • CHESS-sponsored shares
  • Access to all 3 major Australian markets: the ASX, NSX and Chi-X

Cons

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

In this guide

  • Our verdict
  • Details
    • Platform details
  • Your reviews
  • Ask a question

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.

The platform is accessible via PCs, tablets and smartphones. It levies an ultra-low brokerage fee of just $5 per trade with the Focus account and $10 with the FocusLite account.

A core facet of Marketech is that it delivers instant price and stock news alerts, enabling investors to keep a close tab on their portfolios and allowing them to jump into action as and when needed.

Details

Platform details

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

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

Available countries

★★★★★ 1.5/5

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.
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.

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Shiraz Finder

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