BrokAIr Reviews

State One Stockbroking Limited Review

"State One Stockbroking Limited offers some of the lowest trading fees in the industry, but they have come under fire recently for their lack of customer service." Is State One Stockbroking Limited worth the savings?

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State One Stockbroking Limited Overview

State One Stockbroking Limited is an online brokerage firm established in Australia in 1992. It is a subsidiary of the State One Group and is a full-service stockbroking and wealth management company. It provides a range of services such as managed funds, margin lending, foreign exchange (forex) trading, and more. State One Stockbroking is a member of the Australian Securities Exchange (ASX).

Pros

Cons

Founders

State One Stockbroking was founded by brothers Peter and Paul Pateras in 1992. They have since grown the company into one of Australia's leading stockbroking firms. The Pateras brothers are both experienced traders with over 25 years' experience in the industry.

Public Opinion

Overall, public opinion of State One Stockbroking is generally positive. Most people appreciate their wide range of services, secure platform, and experienced team. However, some people have noted that their fees are high compared to other online brokerages and that they only offer their own trading platform which can be limiting.

News Events

In 2020, State One Stockbroking was recognised by Canstar as one of the top-rated online brokers in Australia for 2020. In addition, the company received recognition from Money Magazine for its managed funds service. The company was also awarded a 5-star rating from Investment Trends for its managed accounts service. Finally, in 2021 the company was selected by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry as one of six brokers to participate in their 'Broker Test'.