Marketech unveils superior ASX online trading platform and joins the ‘race to the bottom’ on ASX brokerage rates
Perth-based fintech company Marketech has announced the launch of its new online trading platform for ASX retail investors, known as Marketech Focus.
Established in 2000, the Australian owned and operated trading platform developer is dedicated to making it easier and cheaper to trade shares online, whilst still providing a large amount of market detail and superior function to the ASX investor.
Its intuitive app can be used on any device to trade ASX shares on-the-go and track stock market data in real-time.
Importantly, the Marketech platform users can buy and sell their own HIN held shares, rather than ending up in pooled trust accounts or highly leveraged contracts for difference (CFD’s). In addition, any interest earned on cash is paid directly back to the platform user, which is rare in low cost offerings.
While many alternative investment options have benefitted from new technology developments, there have been very limited new offerings for traditional ASX investors. This is despite studies showing almost one in three Australians own listed shares.
With its cutting-edge cloud-based technology, Marketech is poised to capitalise on this large existing market which has been bolstered by strong and new interest in ASX capital markets over the recent months.
The Marketech Focus platform’s high-level functions are easy to learn, simple to use and fast. Some features include:
- Customisable charts: real-time stock charts can be customised with a large number of technical indicators and chart types in the app and on PC
- Alerts: price, volume and news alerts assist busy users to keep abreast of the market without having to constantly monitor the market
- Full market depth: often overlooked in its importance, depth allows the user to gauge the number and volume of buyers and sellers in the market at any given time
- Low fees: from $45 per month with some of the lowest brokerage rates in Australia, starting from a minimum of $5 (or 0.02% for trades over $25,000)
Marketech’s experienced in-house development team have also been working on several exciting new features due to be revealed soon, including optional live-streaming data and live-market scanning tools – to highlight the stocks that meet a trader’s strategy as they occur in real time.
Marketech connects the users’ trading platform to the settlement operations of OpenMarkets, Australia’s largest independent non bank-owned Clearing Participant, and Macquarie Bank’s multi-award-winning Cash Management Account. The Marketech Focus platform is also very useful on its own without a trading account, and comes with a practice account to allow first time users to learn before they invest their own money.
Marketech Managing Director, Travis Clark, commented, “Being in Perth has its challenges as the Eastern States have always dominated the financial technology sector, but we are thrilled to be backed by a number of supportive and experienced investors who believe in the potential of the technology, our people and the scale of the market.”
“This offering is true ‘fee-for-service’. Real, unbiased share ownership should be accessible to all and putting aside our price, the cloud technology has allowed us to provide a feature set that is unheard of on a mobile phone. Marketech Focus allows all users affordable access to real-time market data and we will continue to rollout new features, with our aim to keep Marketech users a step ahead.”
The Marketech app is available now on Apple’s App store or Google Play for Android devices, as well as PC.
Marketech is currently offering a two-week free trial to demonstrate the high-end value of the platform. Traders can register for this here: www.marketech.com.au
