Low Cost Share Trading
If you’re looking for a simple way to invest your money, consider using a low cost share trading service. Some companies, such as Money to the Masses, will even give you a free share, which is worth anywhere from PS3 to PS200. Of course, despite their low cost, investing in shares is still risky business. As with all investment, it is important to diversify your portfolio, and you should never invest more than you can afford to lose.
SelfWealth has launched pre-market trading in US stocks and has partnered with a digital currency exchange to introduce cryptocurrency trading in the coming months. With an estimated $8 billion of assets, SelfWealth is Australia’s fourth-largest online trading service. The company claims that investors have saved more than $50 million in brokerage fees thanks to its low-cost trading services. There are several other platforms to choose from, but SelfWealth is the best option if you’re a beginner or want to diversify your portfolio.
Depending on your needs, you can choose between different commission structures for online share trading. In the US, online brokers tend to charge a flat fee, while in Australia, most brokers offer variable rates based on the value of each trade. IG, SelfWealth, and Westpac have fixed rates that can be up to 3%, while AMP, ANZ, and SelfWealth charge higher fixed fees. But these differences are negligible compared to other low cost share trading options.
While there are other options, these are the best and most popular low cost share trading services currently available. Eightcap’s low-cost share trading service has an impressive range of features. It accepts a number of deposit methods and claims to offer premium liquidity. The service is particularly suitable for Australian and US stock traders. They offer live notifications and free webinars. One of their most compelling features is its $5 flat-fee fee.
The number of low cost share trading services available has increased significantly, leaving self-directed investors with too many options. To choose the best one, you need to know who owns your investments. While many low cost share trading services operate on a custodian model, ensuring that your money is in the right hands is essential to avoid scams. A custodian-owned platform, however, will reduce your costs and increase your security.
Another great low-cost share trading service is CMC Markets. CMC Markets offers share trading as well as CFD trading. You pay no commission for trading CFDs but must pay a small spread for shares. In addition to the minimal fees, CMC Markets offers excellent charting tools and auto trendline drawing tools. You can also save your favourite trendline drawing tool. These are only a few of the many advantages of using a low-cost share trading service.
FinecoBank is a bank in Italy. The financial firm is subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. It is a member of the National Interbank Deposit Guarantee Fund. Customers have praised the company’s low cost share trading services, but have had some problems with their customer care service. Still, it’s worth trying Stake out for low cost share trading. Its proprietary app offers an excellent interface and is easy to use.