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EasyEquities is an online share trading provider that aims at taking the hassle out of investing. It provides a bunch of user friendly features and tools as part of their share trading offering.
0.10%
Standard brokerage fee
ASX, USA
Available markets
Phone, Email
Support
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Cameron Micallef is an investments writer for Finder. He has previously worked on titles including Smart Property Investment, nestegg and Investor Daily, reporting across superannuation, property and investments. Cameron has a Bachelor of Communication and Media Studies/ Commerce from the University of Wollongong. Outside of work Cameron is passionate about all things sports and travel.
EasyEquities is a low-cost broker. Its mission is to take the hassle out of investing and to help investors form strong long-term investing habits.
For the most part, it delivers on this. In terms of fees, it is commission-based only, meaning those investing less will pay less. There are no monthly account fees and you can start investing for as little as $5.
The broker also has a stack of features that help those who are just getting started. These include educational resources, rewards for training and vouchers for family and friends to encourage them to get started.
On the downside, EasyEquities is fairly limited. You can only trade in a couple of countries and it doesn’t have deep analytical tools.
EasyEquities is a South African broker that has expanded its operations in Australia. Starting out in 2014, the broker’s claim to fame is that it allows for cheap trading with low minimum investments.
Having services in both Australia and South Africa means it is regulated by both the Australian Securities and Investment Commission as well as the Financial Sector Conduct Authority.
Invest in US and Australian stocks
EasyEquities gives you access to US and Australian shares on one platform.
EasyLearn
The broker is focused on making trading shares easy. Its EasyLearn YouTube videos do a good job of demystifying some of the more complex share trading concepts.
Fractional shares
EasyEquities allows investors to start investing from as little as $5 through fractional shares. This means you don’t have to worry about saving up to $1,000 in some cases to buy a single share.
Commission-based brokerage fee
EasyEquities doesn’t have a monthly fee or an inactivity fee. Instead, it charges you based on the size of your trade.
This is a key win for those who are looking to invest a smaller amount.
EasyMoney
Through this feature, you can send money to your friends or family members so they can start building their own investment portfolios.
Thrive
To help new investors stay on track, Thrive will reward investors who complete different activities for the month.
This is to help educate investors and to help them develop good investing behaviours. For example, it will help you structure your portfolio as well as make you watch videos on how to trade money.
Built-in risk analysis tools
In order to mitigate unwanted risks, EasyEquities has a built-in risk analysis tool that will help you when setting up your portfolio.
MrPHY
This is the app’s version of robo-advice.
It will help you set up investment plans by managing your investing on your behalf, but it will cost you about 1.5% a year.
Low starting balances
One of the key trading features is that you can start for less.
With just a $5 minimum starting balance, you can get started on your investment journey for less.
EasyEquities is actually designed for beginners who want to be long-term investors.
Its philosophy is that investing is traditionally over complicated and should be simplified and cheap.
On this message, it delivers.
EasyEquities for the most part is straightforward to use and its fees are tailored towards smaller investors.
However, it lacks a couple of features that a newer investor might want, such as strong customer support.
EasyEquities will probably suit most investors, given its low fees, but it will have a particular tilt towards smaller long-term investors.
This is because of its low entry points and the fact it charges a commission-based fee. So if you’re a smaller/newer investor, this will likely suit your needs.
If you need advanced trading tools or are a more active trader, other brokers might better suit your investing style.
EasyEquities is one of the cheaper brokers going around depending on how much you trade.
It doesn’t charge a flat fee. Instead, its fees are commission based, meaning the larger the trade you execute, the more you’ll pay. The inverse is also true, meaning smaller investors will pay less.
A full breakdown of EasyEquities’ fees can be found here:
If you would prefer, here is how it works out for different investment sizes:
If you need support, EasyEquities will provide you with the following:
On the downside, there is no live chat feature.
EasyEquities also does not offer 24/7 support. Given you can buy a mix of Australian and US shares, this could become an issue for US trading.
Signing up to EasyEquities is a relatively quick and easy process.
To ask a question simply log in via your email or create an account.
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