Investing in shares can be a great way to generate wealth and diversify your portfolio.

Online Trading | Compare Brokerage Fees | RateCity

Competitive broker fees on Australian and international shares. Just like internet banking services have simplified the day-to-day hassle of managing your money, online share trading platforms make it quick and hassle-free to trade shares.

But finding the right share trading platform for you can be a tricky proposition. Not only can the stock market be confusing for beginners, but there are also plenty of trading platforms available to choose from. The aim of the game when you invest in shares is to generate wealth, either through a rise in price of the shares your own, dividends a company pays to you to give shareholders a portion of their profits , or through a combination of these options.

However, ensuring that you make successful trades is where it can get more difficult. Instead of the traditional approach of using a stockbroker to manage investments, an increasing number of Australians are taking charge of their own funds and using share trading platforms.

For example, Commonwealth Bank customers can open a CommSec account quite easily, while St. George customers can use the services of St George directshares. All the information you need to find trading platforms and then compare the features they offer is online, both on the websites of those platforms and in blogs, forums and comparison articles on trusted websites like finder. Are you a casual trader, an active trader or an expert investor?

This will heavily influence the features you are looking for in an online broker and their trading platform.

From the ease of use of the system through to the market research information available, it is critical that the trading platform complements your trading needs. Next, consider how often you intend to make trades. The more you trade each month, the more likely you are to need a share trading platform that offers an extensive range of features and expert analysis.

The final factor you should take into account is the fees you will have to pay for the trading platform. As well as ongoing fees, consider the brokerage fees that apply to your transactions and whether they may be waived or reduced if you satisfy certain criteria. We provide a breakdown on how to compare the best online share trading platforms that you can use to buy shares in a company.

However, users are requested to analyse their trading needs before deciding on a trading platform.

This article discusses the key features provided by different trading companies, brokerage and monthly fees and the trading platform type. Brokerage and monthly fees mentioned are correct at the time of publication and users are requested to read all scheme-related documents carefully before enrolment. For large transactions, fees of 0. In relation to monthly or other ongoing fees, some providers will not charge these fees at all.

However, some brokers will waive this fee if you perform more than a certain number of trades each month. Finally, remember that many brokers offer different membership levels - for example gold, silver, platinum - which offer different features and therefore attract varying fees depending on your preference.

The table below contains a few details of some reputable share trading platforms in Australia. Keep in mind that some of these platforms are geared towards casual investors while others are designed for experienced investors. Market orders will be executed at the best available price on the market at the time the order is lodged, while limit orders allow you to set a maximum when buying or minimum when selling price limit for your transaction.

If your limit price is never reached on the market, your order will not be executed. Yes, some providers will allow you to open a demo account which allows you to trade dummy shares and get a feel for how the system works.

This can be a great way to determine whether a certain platform is right for you. Many ASX companies will pay dividends to their shareholders twice a year. However, it is not compulsory for companies to pay dividends from their earnings and they may choose to reinvest those earnings back into the company. Diversifying your share portfolio basically means spreading your share purchases across a wide range of business and industries to minimise your risk.

For example, if you only have shares in a few companies that all operate in the manufacturing sector, you could be risking significant losses if the manufacturing industry suffers a downturn.

But if you purchase shares in businesses across a wide range of industries, this spreads your risk out across different market sectors and can help safeguard your money. Blue chip companies are large companies that regularly turn a profit. They are featured in the ASX Top 50 list and include companies like BHP and Telstra. When compared to the cost of investing in property, for example, shares are relatively cheap.

Buying or selling is simply a matter of indicating how many shares you wish to purchase or sell and specifying whether you want to place a market order or a limit order. Yes, depending on the share trading platform you choose and possibly on the level of membership you choose, you may very well be able to access expert stock recommendations.

Every online share trading platform will need to detail the fees that apply to members and transactions, both in terms of ongoing fees and brokerage fees per transaction. Yes you can, as long as the order is still open and has not been executed. However, keep in mind that market orders are placed instantly, so this really only applies to at limit orders.

The best approach to improve your trading skills is to research, research and research. From trading strategies to financial news, company announcements and market activity, staying up to date with anything and everything related to your planned trades and the share market in general could help increase your levels of success. There are also plenty of courses you can take to learn the ins and outs of online trading. Make sure you only study with a trusted education or training organisation.

However, remember that there are many risks associated with borrowing money for an investment on which returns are far from guaranteed. Compare and choose share trading accounts to start buying and selling Australian and international shares online. Looking for a cheap way to buy and sell shares on the ASX and other international exchanges?

Your guide to finding cheap stock brokerage in Australia here. Click here to cancel reply. Subscribe to our newsletter. Notify me of followup comments via e-mail. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.

Rates and fees mentioned in comments are correct at the time of publication. By submitting this question you agree to the finder. You may want to check this page to find out which share trading platform has the lowest brokerage fee. Most of them provide daily and yearly data reports. I have shares in the UK, but with an Australian address it is hard impossible to find a UK agent to help with their sale.

What is the best Australian option for a single trade sell? Unfortunately, we cannot recommend what is best for you.

CommSec - Online Share Trading & Investing. Start trading today with Australia's leading online broker.

Please note we do not represent any company we feature on our pages. On this page you can check the available options for you. However, you can find more information about the amscot Stockbroking on this page. I am delighted to read this analysis. Hope to see the competition on going and interesting in future. I recently was going through some trading applications and found Forex Signals to be really successful and dependable.

It helped me increase my profits in comparison to previous one. Thanks very much for your feedback and for your suggestion. Hi there I think I will have to take my iPad to fountain gate plaza to have it looked at the pluse app is getting rejected by my I as a last resort I will get my iPad Looked at in the Apple Store at fountain gate if nothing else can be done by me! Disclaimer - Hive Empire Pty Ltd trading as finder.

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Rates last updated June 22nd, Low brokerage fees on Australian and international shares. Go to site More.

Saxo Capital Markets Share Trading. Access over 19, Australian and global shares. CMC Markets Stockbroking Account. Trade shares, warrants, options, EFTs, managed funds, bonds and IPOs with CMC Markets today. Trade US and Australian shares, options, futures and CFDs with no registration fees.

FP Markets Share Trading Account. Trade in ASX Stocks and CFDs, International CFDs, CFD Futures, Forex, Indices and Commodities. Compare up to 4 providers Clear selection.

Benefits of using share trading platforms Control your investments. Online brokers give you the ability to take charge of your finances and invest your money in a range of local and global financial instruments. You can trade shares and boost your investment balance all from the comfort of your own home. Trading shares online can require much less legwork than, for example, investing in property.

The online share trading market sector is becoming increasingly competitive, which is great news for consumers because it means better features and lower fees. The cost of buying and selling shares online has dropped markedly over the past couple of decades. Information at your fingertips. Many share trading platforms give you access to a wealth of market, financial and company information to help you make informed trading decisions. This gives you a much better chance of being a successful trader and meeting your trade objectives.

Risks of using share trading platforms Lack of knowledge. The fact that you get to take full control of your investments can be a double-edged sword. While it allows you to take charge of your finances, it also means that you must rely on your own know-how to buy and sell shares. Temptation to take risks. Remember, these are serious financial decisions you are making and all trading carries a degree of risk.

A simple typo and a failure to proof-read any buy or sell orders before you place them could cost you a lot of money. Review your orders closely before you submit them.

What is the smallest trade I can do? There are a couple of ways in which you can generate wealth through shares: Yes, some online share trading platforms will also allow you to trade international shares.

The best place to go for information on the Australian Stock Exchange is asx. This is offered by some banks and large stockbroking firms and involves using your existing, shares or managed funds as security.

Using the equity in your home to take out a loan for investment purposes. Unsecured loans, although these will have high interest charges. Was this content helpful to you? Capital 19 Global Investments Share Trading Account Westpac Online Investing Standard Live Pricing Account Review.

Related Posts Understanding the basics of share trading New to share trading? Read our guide so you can understand the basics and trade stocks. How to open a share trading account Compare and choose share trading accounts to start buying and selling Australian and international shares online. Where can I find cheap stock brokerage in Australia? Bank of Melbourne directshares Online Broking The finder.

Ask a Question Click here to cancel reply. You are about to post a question on finder. Your Question Subscribe to our newsletter Notify me of followup comments via e-mail. Allan May 24, Anndy May 25, Dr May 9, Harold May 11, Ben January 20, May January 26, Lee August 23, Clarizza August 24, Richard May 30, Shirley May 31, CMC Markets Stockbroking - Classic Account.

Westpac Online Investing - Integrated Account. CommSec - Share Trades Internet Preferred. Macquarie Bank - Macquarie Prime.