PERTH-BASED independent stockbroker amscot (lower-case a correct) has this afternoon (Thursday) been named in Canstar’s hotly contested national top six list of five-star rated online share brokers.
The top 5-star rated brokers offering outstanding value platforms, as rated by the private research agency are:
· CMC Markets
Canstar rated 46 online share trading platforms from 18 brokers.
As well as making the overall top 6 list, amscot has three products in the top 5 list for traders, defined by Canstar as investors who place 360 or more share trades a year.
Chairman Alan Hill said amscot had regularly been named in the top 5 list over the past decade but this latest accolade was much welcomed as competition among brokers was tougher than ever.
“Especially when economic times are tough people want value for money and that’s what we offer,” Mr Hill said.
“The products we have are in sharp demand, as illustrated by the strong daily flow of new account applications.
“Our online sign-ups are a hit with investors who want to open a trading account quickly and with minimal fuss, as is the ability to trade readily on both the ASX and Chi-X.
“The products appeal to the person in the street, active traders and holders of financial services licences.”