BrokAIr Reviews

ANZ Share Investing Review

"ANZ Share Investing offers some of the most competitive pricing in the industry, but also has a high level of complexity that many investors may find difficult to navigate." Is this complexity worth it for investors?

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ANZ Share Investing: A Comprehensive Overview

ANZ Share Investing is an online share trading platform owned by the ANZ group, one of the largest banking and financial services companies in Australia. Founded in 1997, it is one of the oldest and most established share trading platforms in Australia. The platform offers a full suite of features, including access to domestic and international equities, options, CFDs, ETFs, margin lending, and more. It also provides a range of research and educational materials to help traders make informed decisions.

Pros

ANZ Share Investing has several advantages that may appeal to traders. One of the biggest benefits is its low brokerage fees. The platform charges just $10 per trade for both domestic and international shares, which makes it one of the most cost-effective online brokers in Australia. It also provides access to a wide range of markets, including the US, UK, Japan, and other countries. The platform also offers a range of research tools, such as market news, technical analysis tools, and real-time data feeds. This can be used to help traders identify potential opportunities and make informed decisions. Educational materials are also available to help traders develop their knowledge base.

Cons

Despite its many advantages, ANZ Share Investing does have some drawbacks. One major issue is its lack of support for advanced trading strategies such as automated trading and algorithmic trading. This may be a turn off for more experienced traders who want to use these strategies to boost their profitability. The platform also does not offer any trust or custodial services for assets held on the platform, making it difficult to diversify portfolios across multiple assets. Furthermore, its customer service is not always reliable and can be slow to respond to queries.

Public Opinion

Overall, public opinion on ANZ Share Investing is generally positive. Most users report that the platform is easy to use and provides access to a wide range of markets at a low cost. However, some users have noted that its customer service can be slow to respond and that it lacks features such as automated trading and custodial services.

Newsworthy Events

In 2020, ANZ Share Investing announced a partnership with Investor Insight, an Australian startup providing investors with data-driven insights into stock markets around the world. This partnership will provide ANZ Share Investing customers access to a suite of research tools designed to help them make better investment decisions. In 2021, ANZ announced plans to expand its online share trading platform into Singapore and Hong Kong. This move will allow customers in those countries access to the same suite of products and services offered by ANZ Share Investing in Australia. In April 2021, ANZ was awarded the “Best Online Broker” award at the Investors Choice Awards 2021 by Professional Investor Magazine (PIM). This recognition highlights the quality of service and products provided by ANZ Share Investing and reinforces its position as one of the leading online brokerages in Australia.