You can compare online share trading accounts in this guide, plus learn how to choose one that’s right for your investment needs. Low brokerage fees on Australian and international shares. Access over 19,000 Australian and global shares. Trade shares, warrants, options, EFTs, managed funds, bonds and IPOs with CMC Markets today. However, ensuring that you make successful trades is where it can get more difficult. It’s also worth pointing out that, just like any other investment, shares carry a degree of risk.
There is the chance that you could lose the money you invest, so be sure you know what you’re getting into before you start trading. However, with a wide variety of options available, choosing the right share trading account can be a tricky task. Some people opt for the share trading platform offered by their bank. There are also many other online share trading platforms available outside of those offered by the Big Four banks. Some of these offer lower fees and a wide range of features that might better suit your requirements.
With this in mind, it’s a good idea to hunt around for other platforms to see what’s available. However, fees may be calculated as a percentage of the transaction amount for larger trades. Some providers will also charge an ongoing annual or monthly fee on top of this, especially with the more feature-dense platforms. Some trading platforms will give you access not only to Australian shares but also international shares, allowing you to trade large well-known companies from around the world.
Some platforms will also allow you to trade CFDs, forex, indices, currencies and much more, so look for this functionality if it’s important to you. Share market trading can be complicated and often requires you to respond quickly to market changes. With this in mind, look for a platform that allows you to make fast and precise trades with minimum fuss. If you’re just a casual investor, do you really need a share trading platform that offers a whole lot of complicated bells and whistles? Similarly, some platforms targeted at entry-level traders may not have all the features an experienced investor needs. Your trading decisions will be partly based on what is happening in the market at any given time, so the information your platform provides about changes in share prices is very important. Does it deliver dynamic, real-time or delayed market updates?