Top 5-Star Rated Online Share Trading Brokers In 2017

Canstar has released the latest Online Share Trading Star Ratings research, rating 46 online share trading platforms from 18 brokers.

Are your savings being let down by the record-low interest rates? Considering investing that cash in shares?  If yes, then perhaps you’ll be interested in Canstar’s latest star ratings for online share trading platforms!

In this batch of ratings, 9 out of the 46 platforms rated achieved a 5-star rating in at least one investor profile. The top 5-star rated platforms offering outstanding value platforms came from these 6 online brokers:

  • Amscot
  • Belldirect
  • CMC Markets
  • CommSec
  • nabtrade
  • Westpac

Investor profiles for online share trading

Canstar understands that different investors can have very different requirements. So in our rating methodology, Canstar compares both the 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 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 important factors.
  3. Trader: A Trader buys and sells shares very frequently and the latest market information is used to determine their portfolio holding. Cost, availability of derivatives and a dynamic trading platform is important.

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

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

Broker Of The Year: 2017

Demonstrating outstanding value across all three investor profiles, CMC Markets received Canstar’s Online Share Trading – Broker of the Year Award for the 7th time running.

CMC-Markets

CMC Markets has maintained their award win by achieving top scores across 2 of the 3 profiles, with a competitive price proposition and a comprehensive offering of features.

CMC has achieved a 5-star rating for outstanding value in all investor profiles assessed by Canstar.

CMC’s strong performance in our ratings is attributed to their low brokerage rates and availability of different platforms to suit various trader types, from a casual trader through to a day trader.

They also offer access to a large number of charting options, market research, tax reporting functions, client support, and educational materials for those starting off.

Outstanding value online share trading platforms in 2017

Listed in the different tables below are the online brokers and platforms that received Canstar’s 5-star rating for outstanding value for each investor profile.

Top platforms for Casual Investor (8 trades per year)

See our ‘Casual Investor’ comparison table for full star ratings.

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

The table below displays a snapshot of 5-Star online share trading platforms on Canstar’s database for ‘casual investors’. Please note that these results are based on an average of 2 trades per month.  

Top platforms for Active Investor (40 trades per year)

See our ‘Active Investor’ comparison table for full star ratings.

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

The table below displays a snapshot of 5-Star online share trading platforms on Canstar’s database for ‘active investors’. Please note that these results are based on an average of 6 trades per month.


Top platforms for Trader (360 trades per year)

See our ‘Trader’ comparison table for full star ratings.

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

The table below displays a snapshot of 5-Star online share trading platforms on Canstar’s database for ‘traders’. 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 using our website and filter your search to find a 5-star rated platform:

Compare Online Share Trading Platforms

Discover more trends investors need to know about when it comes to online share trading in 2017, with our latest star ratings report:

Online Share Trading Award & Star Ratings – Canstar

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