5-Star Rated Online Share Trading Brokers in 2018

Canstar has released the latest Online Share Trading Star Ratings, rating 42 online share trading platforms from 18 brokers.

Of the 42 online share trading platforms researched by Canstar, eleven achieved a 5-Star rating in at least one investor profile.

Each eligible platform reviewed in the Online Share Trading Star Ratings was awarded points for comparative cost and the features on offer to determine a price score and a feature score. Price takes into account brokerage fees and ongoing fees over a year, while features take into account a number of different features across the following categories:

  • Account services and support
  • Research tools, charting and information
  • Platform information and options
  • Education
  • Accessibility and security
  • Trading securities/market
  • Fees and charges

The 5-Star-rated platforms offering outstanding value are available through the following online brokers listed alphabetically:

  • Amscot
  • Bell Direct
  • CMC Markets
  • CommSec
  • nabtrade
  • Westpac

Investor profiles for online share trading

Understanding different investors have very different requirements, Canstar compares cost and features of online share trading platforms across three investor profiles:

  1. Casual Investor: A ‘casual investor’ buys and sells shares occasionally and uses a long-term strategy to review their investment portfolio. Education tools, ease of use and cost are usually important factors.
  2. Active Investor: An ‘active investor’ buys and sells shares more frequently than the casual investor. Comprehensiveness of research tools and cost are often important factors.
  3. Trader: A ‘trader’ buys and sells shares very frequently and the latest market information is used to determine his or her portfolio holding. Cost, availability of derivatives and a dynamic trading platform is typically important.

Find out what you may like to look for in an online share trading platform based on your investor profile.

See our methodology in full for more information about how Canstar rates online share trading platforms for each investor profile.

Broker of the Year for 2018: CMC Markets

Demonstrating outstanding value across all three investor profiles, CMC Markets received Canstar’s Online Share Trading – Broker of the Year Award for the eighth time running.

CMC Markets has maintained its award by achieving a 5-Star rating across all three investor profiles.

Canstar Research attributed CMC’s strong performance in the ratings to its low online brokerage costs and the addition of a number of new features.

Outstanding value online share trading platforms in 2018

Listed in the tables below are the platforms that received Canstar’s 5-Star rating for outstanding value for each investor profile.

Top platforms for Casual Investor (average 1 trade per month)

Company Winning Platform
CMC Markets Classic Account
nabtrade nabtrade
CommSec Share Trades Internet Preferred
Source: www.canstar.com.au

See our Casual Investor comparison table for full star ratings.

The table below displays a snapshot of 5-Star online share trading platforms on Canstar’s database for Casual Investors, sorted by provider name (alphabetically). Please note that these results are based on an average of 1 trade per month.

Compare Online Share Trading Platforms

Top platforms for Active Investor (average 4 trades per month)

Company Winning Platform
CMC Markets Classic Account
nabtrade nabtrade
Westpac Integrated Account
Source: www.canstar.com.au

See our Active Investor comparison table for full star ratings.

The table below displays a snapshot of 5-Star online share trading platforms on Canstar’s database for Active Investors, sorted by provider name (alphabetically). Please note these results are based on an average of 4 trades per month.

Compare Online Share Trading Platforms

Top platforms for Trader Investor (average 30 trades per month)

Company Winning Platform
CMC Markets Active Investor Account
CMC Markets Classic Account
CMC Markets Premium Trader Account
Amscot valueRate webIRESS
Belldirect Platinum
Source: www.canstar.com.au

See our Trader Investor comparison table for full star ratings.

The table below displays a snapshot of 5-Star online share trading platforms on Canstar’s database for Trader Investors, sorted by provider name (alphabetically). Please note that these results are based on an average of 30 trades per month.

For more information on how we do our ratings, see our methodology here.

Compare Online Share Trading Platforms

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