Canstar congratulates OpenMarkets on their online share trading platform, which received our 5-star rating for outstanding value in 2016.
In 2016, the OpenMarkets online share trading platform has received Canstar’s 5-star rating for outstanding value in one out of three investor profiles:
The inclusions below represent a selection of what is covered. Additional conditions may apply to different features. Canstar is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current policy options and inclusions for the product you are considering.
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OpenMarket offers over 150 training videos in the Education section of their website, for investors to learn more about trading and investing in the stock market. That’s entirely separate from the many tutorial videos available for learning how to use their platform. They also write a blog about the next big trends you need to know about.
Compared to our other 5-star winning products, OpenMarkets does not offer as much in terms of features, because of their incredibly low price. OpenMarkets is the new entrant for the 2016 rating and was the price winner across all profiles. Their online brokerage fee is $13.95 or 0.07%, whichever is greater, and they will waive their $125 monthly ongoing fee when a client spends more than $250 in brokerage within a month.
Key features of the OpenMarket IRESS Trader online share trading platform are:
OpenMarkets Australia was founded in 2012. They specialise in technology-driven brokerage services for professional traders, advisers, intermediaries, and financial institutions. As of 2015, OpenMarkets was making $90 million worth of share trades per month.
OpenMarkets calls themselves “Australia’s next evolution stockbroker”, as they are the first stockbroker to work through cloud-based computing technology. In-house development means their platform can respond to a changing market. And their technology is open for third party integration, meaning you or your representative can adapt the platform to suit your needs.
Their call centre is local, not offshore.
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