Key factors to consider when choosing an investment platform
Investing in stocks and exchange-traded funds (ETFs) is a great way to build long-term wealth, but before you jump in, it’s important to choose the right investment platform. With a range of options available in Australia, selecting the right one can impact your costs, returns, and overall investment experience. Here are some key factors to consider when choosing where and how to invest.
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Brokerage Fees and Costs
One of the most important things to look at when choosing an investment platform is the cost of buying and selling shares. Brokerage fees vary widely between platforms, with some charging a flat fee per trade and others using a percentage-based fee. If you’re making frequent trades, even small differences in fees can add up over time.
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Investment Options
Not all platforms offer the same range of investment options. If you’re looking to invest in Australian stocks, ETFs, or international shares, check that the platform supports the assets you’re interested in. Some platforms also offer access to managed funds, bonds, and other financial products.
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Ease of Use
A good investment platform should be easy to navigate, whether you’re using it on a desktop or a mobile app. If you’re new to investing, look for a platform with an intuitive interface, simple trade execution, and helpful educational resources.
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Tax Reporting & Features
When investing, it’s important to consider how tax reporting is handled. Some platforms provide comprehensive tax reports that make it easier to lodge your tax return, while others may require you to manually track and report capital gains and income. For Australian investors, choosing a platform that integrates well with ATO reporting can save you time and hassle.
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Security and Regulation
Make sure the platform you choose is regulated by the Australian Securities and Investments Commission (ASIC). Also, check what protections are in place for your funds and personal information, as security should always be a top priority.
Get Started with Expert Advice
Choosing the right investment platform is a crucial first step in your investment journey. If you’re unsure where to start or need help developing a strategy that suits your financial goals, contact Apex Financial Services today on (07) 3180 8831 or email admin@apexfsg.com.au to discuss your investment options and build a plan for your future.
Tel: (07) 3180 8831