In this video I will cover what I think are the 5 best ASX brokers (SelfWealth vs Pearler vs Superhero vs OpenTrader vs ThinkMarkets) in terms of cost available in Australia and how they compare to each other across 8 main factors. Brokerage, Minimum investment amount, US Shares, CHESS status, Instant deposits, Account keeping fees, Market/limit orders, Mobile app experience

And at the end of the video I'll provide what I think are the best low cost Australian ASX broker investing platforms to use from these top 5, depending on your preferences and needs.

Low Fee Stock Brokerages (My Referral Links):
Pearler AUS Shares (1 FREE TRADE): https://pearler.com/home?deal=michaelko
SelfWealth AUS/US Shares (5 FREE TRADES): https://secure.selfwealth.com.au/Regi...
Stake US Shares (1 FREE STOCK): https://hellostake.com/referralprogr...

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SelfWealth Review

In my opinion, SelfWealth is a great way for Aussies to buy shares, the $9.50 flatfee CHESSsponsored structure, and general no fuss, no frills, simple and easy to use system makes it a great choice for people chasing financial independence. Even though it might take a while for transfers to go through, and it can take a while to get customer support, its a small price to pay for such cheap brokerage, with the comfort of a company that's been around for a while now with a good track record.

Superhero Review

Superhero provides all the tools you need to make share investments and put your money to work for you – all at a super low cost (or in some cases no cost). You can start by investing as little as $100, and there's a dashboard that allows you to access your portfolio at the touch of a button. Overall, it’s accessible, easy to understand, and super affordable, with the one downside (which may be a blocker for some) of no CHESS sponsorship on the holdings.

ThinkMarkets Review

Overall ThinkMarkets is actually a great offering, with low cost brokerage of only $8, with the added security of having your own CHESS sponsored HIN.

Pearler Review

Pearler is a great new entrant in the lowcost broker space in Australia, and is actually offering some unique features that make it stand out from others. Whilst it isn't the cheapest in any single area, it does make up for it with those features, and is still a low cost option with the security of CHESS sponsorship.

OpenTrader Review

In conclusion I think OpenTrader is an easy to use platform that has a place in the market for secure CHESS sponsored trading, for users just starting out with trades up to $5,000. If you're looking to trade for values more than $5,000 it makes more sense to use one of the other brokers in this list, as OpenTraders brokerage then becomes $10.