Why E*TRADE Australia is no more

Angus Kidman 24 May 2016 NEWS


ANZ's decision to dump the brand shows how much the world has changed since 1998.

So this makes me feel old: ANZ this week announced that it was retiring the E*TRADE Australia brand for its online share trading service. From now on, it will be known instead as ANZ Share Investing.

I was working as a journalist when E*TRADE Australia launched way back in 1998. It wasn't a subsidiary of the original E*TRADE Financial, which started in the US, but had licensed the brand for Australian operations. (Eventually, E*TRADE Financial bought a stake in the company when it listed on the ASX, but it was never a majority shareholder.)

The online world was a lot more basic back then, as you can see from the screenshot from the original E*TRADE Australia site above. The majority of people were using dial-up connections. Virtually no-one was running apps on their phones (other than Snake). The hot Australian tech stocks were long-forgotten entities like Hotdog and Solution 6.

At that moment, the notion of buying and selling shares directly, without needing a broker or having to pay huge fees, and with a guarantee that the trades would processed quickly, seemed very exciting. Trading online was the future, and it would disrupt every major brand in the sector, we thought.

Trading online did indeed prove to be both the future of share investment and a massively disruptive influence. But the Big Four banks and others were ready to react to that disruption, and after the dot com "bubble" burst, they reasserted their control. ANZ eventually took over E*TRADE Australia in 2007.

Now it has concluded that there's more value in having its own brand front and centre than continuing to license the brand name from E*TRADE's parent company. "ANZ has a strong brand that is widely recognised and trusted among our customers, so it makes sense to move this platform under that banner," managing director for pensions and investments Peter Mullin explained.

Branding aside, the most notable shift is this: online share trading is cheaper than ever. When E*TRADE launched in 1998, it charged a minimum of $39.50 per trade. If that fee had risen in line with inflation, by 2015 it would have been $63.80.

Instead, the current rate for trades on ANZ Share Investing up to $5000 in value is just $19.95. Rival banks charge at similar levels. Succeeding in share market investment still requires careful planning and an appetite for risk, but it's nowhere near as expensive as it used to be. We're living in the e-trade era, even if the brand itself is disappearing.

Angus Kidman's Findings column looks at new developments and research that help you save money, make wise decisions and enjoy your life more. It appears Monday through Friday on finder.com.au.

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9 Responses

  1. Default Gravatar
    mAUREENMay 4, 2018


    • Staff
      JoelMay 4, 2018Staff

      Hello Maureen,
      Thanks for leaving a question on finder.Please note that finder is a financial comparison and information website that helps consumers make better decisions. We do not represent any of the providers we feature on our website.

      The E*TRADE Australia has already been stopped and is now replaced by ANZ Share Investing.

      If you are looking to access your ETrade account, please contact ANZ directly for instructions on how to do it exactly.


  2. Default Gravatar
    February 13, 2018

    I wouldn’t pay 19.95 for a trade. I pay $10 and even that is too much.

  3. Default Gravatar
    virginiaApril 4, 2017

    is etrade stopped how do i trade now

    • Staff
      MayApril 4, 2017Staff

      Hi Virginia,

      Thank you for your inquiry.

      Yes, the E*TRADE Australia has already been stopped and is now replaced by ANZ Share Investing. If you are interested in the ANZ Share Investing, you may visit the official website of ANZ to apply for an account.

      In the meantime, if you want to compare your share trading platform options, please refer to this page.


  4. Default Gravatar
    ace18329January 13, 2017

    How do I find the New E*TRADE?

    • Staff
      MayJanuary 13, 2017Staff

      Hi Ace18329,

      Thank you for your inquiry.

      The E*TRADE Australia brand is now known as ANZ Share Investing. You can find more information and details of the ANZ Share Investing on this page.


    • Default Gravatar
      ryanJanuary 29, 2018

      no old etrade account was suspended, how to access my share holdings? thanks

    • Staff
      MayFebruary 23, 2018Staff

      Hi Ryan,

      Thanks for your inquiry! Please contact ANZ directly to get assistance in accessing your share holdings on your old E*TRADE Australia account. The bank could have transferred your old account now to the new platform which is the ANZ Share Investing.


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