5-Star Rated platforms for international share trading

MICHAEL LUND
Many Australian investors look beyond the local share market and consider dipping their toes into international markets in places such as the United States, Canada and the United Kingdom. If this is you, are you using a 5-Star Rated provider for trading?

According to research by Canstar on investor sentiment, of those who were looking to add to their investment portfolio in the next six months, about half were looking to invest in Australian shares, but 19% said their next investment was likely to be in international shares.

If you’re looking for an Outstanding Value trading platform, Canstar’s International Share Trading Star Ratings can help. This year, Canstar Research analysed 21 products from 15 providers. After crunching the numbers, Canstar awarded three providers with a 5-Star Rating.

All of the platforms assessed allow investors to trade on international exchanges in at least the US, and offer online share trades in the US.

Canstar assessed platforms based on their price and features. As part of the price score, the Canstar Research team took into account brokerage costs, foreign exchange costs and ongoing fees. For the features score, the team considered factors such as the research and trade features available, account management, customer service and the closing process.

The 5-Star recipients were awarded the Canstar Outstanding Value – International Share Trading Award.

Outstanding Value – International Share Trading Award

Canstar Research has named three winners of the Outstanding Value – International Share Trading Award in 2021 – CMC Markets – International Premium Trader Account, Interactive Brokers Australia – International Share Trading, and IG Markets – International Share Trading.

This is the fifth year in a row that Interactive Brokers Australia and IG Markets have received 5-Star Ratings.

CMC Markets

CMC Markets offers $0 brokerage and no ongoing fees. The Premium Trader account is a dynamic trading platform with live data available on charts and dynamic order tracking. Canstar Research said CMC Markets has strong security that requires a password for each ordering.

Interactive Brokers Australia

Interactive Brokers Australia continued to perform well and was awarded an Outstanding Value Award in 2021. The provider has removed its ongoing monthly activity fee this year. Clients can access 135 exchanges with Interactive Brokers Australia.

IG Markets

IG Markets was awarded an Outstanding Value Award in 2021. IG Markets offers a dynamic trading platform with live data available on market depth, charts and dynamic order tracking. IG Markets has free trading alerts available through email and SMS on a range of different information and activities, including price alerts, company announcement alerts, economic event alerts, technical indicators alerts and alerts on pre-saved trade orders.

For more information on how Canstar’s International Share Trading Star Ratings are determined, view the methodology report.

International Share Trading Platforms December 2021

The table below displays some of our referral partners’ International Share Trading platforms. The display order does not reflect any ranking or rating by Canstar. The table does not include all providers in the market. Canstar will earn a fee from the providers displayed in the table. The fee levels determine placement in the table. Canstar may also earn a fee for referrals from the table, such fee may vary between providers.

Provider Minimum Brokerage Fees  Monthly Fees Online Live Trading US & UK stocks
Sponsored
go-to-site US$4 $0 Yes
Sponsored

go-to-site

$0 for US, UK, CAD, JPY.

For investments outside of these areas – $59.95

$0 Yes
Sponsored
eToro logo
go-to-site $0 $0 Yes
Sponsored
Superhero Logo
go-to-site $0 $0 Yes
Sponsored
IG Markets Logo
go-to-site $0 for instant currency conversion. $0 monthly fee, OR $AUD50/quarter for < 3 trades each quarter or accounts with 0 shares Yes

This information is not an endorsement by Canstar of investments or any specific provider. Canstar is providing factual information supplied by providers. Investments are speculative, complex and involve risks. Canstar is not providing a recommendation for your individual circumstances or in relation to any particular product or provider.

Cover image source: sitthiphong/Shutterstock.com


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Michael is a senior finance journalist at Canstar, specialising in superannuation, savings, wealth and life insurance. He is an award-winning journalist with more than three decades of experience. His work has featured on the BBC, the ABC, The Sunday Mail, The Courier-Mail and The Conversation.

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