Cheapest Online Brokers

Following are some of the most reputable and cheapest online brokerage firms:

CommSec (Australia) - It is the Money magazine Best of the Best Award winner: ‘Best Feature-Packed Online Broker’. Additionally, the firm has been recognised with bronze medals in three categories including Cheapest Online Broker, Best Contracts for Difference Provider and Cheapest Margin Loan.

netwealth Investments Limited - This is one of Australia's Cheapest online Brokers. Investors can get free access to ASX quotes, charts and more. The company holds an Australian Financial Services Licence issued by the Australian Securities and Investments Commission (ASIC) and a Registrable Superannuation Entity issued by APRA. It is a member of the Investment & Financial Services Association (IFSA).

Bell Direct (Australia) - It has been named "Cheapest Online Broker" in the prestigious Money magazine "Best Of The Best" Awards 2008. In November 2010, Bell Direct received the Smart Investor League of Exceptional Service (SMILES) award.

Zecco - It is an online discount broker that offers low price stock trading and options trading. With no purchase or per-share minimums, Zecco Trading is considered one of the best brokers for those purchasing stocks. Zecco has been covered by many leading media publications such as The Associated Press, Barron's, Reuters, CNBC, CNN, Fortune, MarketWatch, USA Today, The Wall Street Journal and The Washington Post.

BinckBank - This is an independent Dutch online discount broker. It is ranked in the top 5 in Europe, and is listed on the NYSE Euronext stock exchange in Amsterdam. In 2008 BinckBank entered the French market and became the cheapest online broker of France.

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Kelvin Wong Loke Yuen is a highly experienced education writer. He has obtained many certifications from the UK, USA, Australia and Canada, including an MBA and a Postgraduate Diploma from Heriot-Watt (UK's World-Class University) and a BCom degree from Adelaide (Australia’s Group of Eight University). Follow him on: LinkedIn