We're pleased to announce the winners of this year's Stockies Award - the best online brokers in Australia, as determined by you. The annual Stockies Award is now in its 7th year, and the stakes are even higher.
Our winners this year received thousands of votes from traders and investors around the country who backed their favourite broker by voting for them. TheBull Stockies Awards are set firmly in the tradition that traders and investors are the best judges of the top online firms to deal with in Australia.
We asked each winner to reveal what makes a broker stand out as the best in this market. You will find a full list of category winners and finalists at the end of the article - across CFDs, forex, share trading, options, warrants, margin lending as well as the top stock forum.
Winner: Best Online Broker
Winner: Best Options Broker
Winner: Best Margin Lender
Listening to customers and constantly innovating continues to pay dividends for CommSec. It’s quite an achievement to win three categories. CommSec won best online broker with 25.11 per cent of the total vote against 10 other competitors. Westpac Online Investing was second with 17.49 per cent of the vote and E*Trade was third with 16.14 per cent of the vote.
As well as taking out the prestigious Best Online Broker award, CommSec took out two other awards - best options broker with 36.67 per cent of the total vote and best margin lender with 37.78 per cent of the total vote.
Richard Burns, CommSec's general manager of customer experience, says he was “delighted to have been recognised again this year by TheBull’s readers”.
“Our customers’ input is a driving force behind many of the new features and products we develop, so it’s always fantastic when we earn their positive feedback,” Burns says. “This year, we’re continuing to deliver innovation to keep our clients at the forefront of online broking. We have a revamped research offering with an expanded range of tools and charts to give our customers the information they need in an easy-to-use site.”
Burns says thousands of investors are using CommSec Community to ask questions, get ideas and discuss their current trading interests.
There’s also a growing interest in mobile trading.
“In the past 12 months, the number of customers who have downloaded and used the CommSec app, as well as the number of trades placed via the app, have more than doubled,” he says. “We will soon be launching our CommSec CFD app for iOS7 and Android, and a redesigned trading app with new features that provide customers with more information at their fingertips. We’re also committed to continuing to provide our customers with market leading service, research, content and tools.”
Winner: Best CFD Broker
Winner: Best Forex Broker
When it comes to CFD providers, IG rules The Stockies. IG won the award easily with 54.32 per cent of the total vote. GFT was second with 8.64 per cent of the vote followed by FXCM on 7.41 per cent.
Voters also declared IG as Best Forex Broker with 25.29 per cent of the total vote. FXCM was second with 18.82 per cent and GFT was third with 15.88 per cent.
IG’s Asia Pacific chief executive Tamas Szabo says: “We are extremely pleased to be awarded Australia’s number 1 CFD and forex provider from TheBull.com.au. This is the sixth straight year we have won the award for best CFD provider, which is a credit to our tireless efforts to provide the best service for our clients.
“We understand it’s important to continue adapting to our clients needs, which is why we have invested a great deal in our mobile and app trading technology over the past year.”
Winner: Best Warrants Broker
Finalist: Best Online Broker
Finalist: Best Margin Lender (BT)
Voters declared Westpac Online Investing as their favourite warrants brokers for 2014, as well as a finalist for Best Online Broker and Best Margin Lender (for BT). Westpac took the Warrants' award with 24.39 per cent of the total vote, followed by nabtrade with 21.95 per cent. E*Trade came in third with 19.51 per cent of the vote and FP Markets was fourth with 14.63 per cent.
Head of Westpac Online Investing Darren Moglia said: “Westpac Online Investing is very pleased to be named number 1 warrants broker by readers of TheBull.
“The most important thing for warrants traders is to be able to track and monitor their positions so that they know how they’re going. Westpac Online Investing gives them that ability with competitive pricing, charting and alerts.”
Moglia says Westpac Online Investing is working on several additional features to further improve its platform for customers.
“In the coming weeks, we will be rolling out new features that will save traders and investors money through lower transaction costs,” Moglia says. “We are looking forward to making Westpac Online Investing even better for our customers during 2014.”
Winner: Best Stock Forum
Voters overwhelmingly declared HotCopper as the dominant stock forum. HotCopper received 90.48 per cent of the total vote. Aussie Stock Forums was second with 2.66 per cent of the vote and TopStocks came in third with 2.01 per cent.
A thrilled HotCopper managing director Greg D’Arcy said: “HotCopper is extremely grateful to all the investors who voted for us to again win this award." D'Arcy adds that HotCopper is "by far the biggest stock market discussion site, and their support is fantastic.”
HotCopper plans to return the favour to members for their support by providing an efficient and user-friendly way for them to share their views and benefit from each other’s knowledge and experience.
“We pride ourselves on protecting our members’ freedom of speech and on giving smaller investors the voice and influence that comes from enabling them to join together under a single umbrella,” D’Arcy says. “HotCopper is an extremely effective way of helping smaller investors to be heard by company directors and management, which all too often are deaf to their concerns.
“It’s extremely rewarding to be acknowledged for helping smaller investors in this way.”
TheBull Stockies: WINNERS & FINALISTS – The Stockies 2014
Best Online Broker – CommSec
Finalists – Westpac Online Investing, E*TRADE
Best CFD Broker – IG Markets
Finalists – GFT, FXCM
Best Forex Broker – IG Markets
Finalists – FXCM, GFT
Best Margin Lender – CommSec
Finalists – BT Financial Group, ANZ
Best Warrants Broker – Westpac Online Investing
Finalists – NAB, E*TRADE
Best Options Broker – CommSec
Finalists – OptionsXpress, E*TRADE
Best Stock Forum – HotCopper
Finalists – AussieStockForums, TopStocks
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