What is the best stock trading platform for beginners?
This entirely depends on your investment needs and risk-tolerance. However, many beginners opt for Pearler, as it offers a flat fee structure of $6.50, so investors aren’t caught out with complicated fee tiers, along with a range of educational tools to help guide individuals on their investment journey.
It also has an option to explore ‘kids’ investing’, allowing for younger generations to learn more about trading as well. This is just one of many share trading platforms that beginners may be interested in.
Which share trading platform should I use?
To find the right share trading platform for you, consider some key factors of what you would like your investment journey to look like: how much are you willing to invest, what type of investments are you looking to make, do you want to be able to see pricing updates live?
Considering these factors will enable you to find a share trading platform that suits you best. Our pick of the favourites include CommSec, CNC Markets and NABtrade, but it’s worth testing a few out and seeing what works for you.
What is the best share trading platform in Australia?
Forbes Advisor Australia ranked a wide range of share trading platforms above, using a meticulous analysis in order to do so. Among our favourites are CommSec, NABtrade and CMC Markets. Nevertheless, our top picks may not necessarily be right for you and your investment goals.
It’s best to do your own research before deciding which platform to use.
Which type of share trading is best?
Many commentators claim that intraday trading—whereby you buy and sell shares in the same day—is the best way to maximise profits. However, this is predicated on an excellent ability to time the market as well as a knowledge of the right stocks to buy. Very few, if any, traders have this sixth sense. In reality, the best way to ensure returns in the long-run is investing for the long-term—and being willing to ride out any market dips.