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The 5 Best Stock Brokers in Perth

The 5 Best Stock Brokers in Perth

How We Picked the Best Stock Brokers in Perth

Credentials

Years of experience and recognitions were considered to measure credibility.

Booking System

We looked at the efficiency of filling out their contact form and the overall booking system.

Service

The stock broker services were reviewed based on their scope and sufficiency of results.

Communication

Their staff should be accessible in case of questions or clarifications. They should also be knowledgeable and helpful throughout the service. 

1. Sell My Shares

Sell My Shares' Homepage

Services: Sell Shares, Find Shares, Value Shares, Professional Advisers 

Website: https://www.sellmyshares.com.au/ 

Address: Level 2/66 Kings Park Rd, West Perth, WA 6005, Australia

Contact Details: +61 1300 722 852, [email protected] 

Operating Hours: Monday – Friday: 8:00 AM – 4:00 PM

Google reviews score4.9/5
Facebook reviews score5/5
Total reviews4/5
Score consistency4.7/5
Credentials4.5/5
Booking System4/5
Service4.75/5
Scope5/5
Results4.5/5
Communication4.25/5
Accessibility4/5
Helpfulness4.5/5

Sell My Shares is one of the top stock brokers in Perth. It’s incredible that they’ve helped over 42,000 Australians sell over $300 million shares.

We like that they deal with diverse clients in different share sale situations. This includes prospects with inherited shares, a deceased estate, or a one-off share sale for their spouse, child, company, or trust.

Their processes are also easy to understand in 4 stages: completing their form, proving one’s identity, selling your shares, and sending clients their funds. There’s no need for pens or snail mail since these can be accomplished online.

Through this, selling shares may only take minutes. But, we appreciate that calling them is still an option to clarify matters if this still seems complicated.

It’s also convenient that they sell shares at the best market price. Afterwards, they can send the funds directly into your bank account, so we think there would be less stress about where the money goes.

These are all automatic – we guess even beginners won’t have to worry too much.

However, they currently have only 3 people on their team. Because of this, we feel it may be more challenging for them to handle many clients simultaneously.

Should you be interested, Sell My Shares’ head office is in Perth, but they process share sales for customers all over Australia, except on weekends.

Pros

  • Has helped sell over $300 million in shares
  • Deals with a diverse set of clients
  • Straightforward online processes
  • Sells shares at the best market price

Cons

  • Only has 3 people on their team
  • Unavailable on the weekends

2. Amscot Stockbroking

Amscot Stockbroking' Homepage

Services: Online Share Trading, Phone Share Trading, Advisor Services

Website: https://www.amscot.com.au/ 

Address: Level 14/172 St Georges Terrace, Perth WA 6000, Australia

Contact Details: +61 1300 308 305, [email protected] 

Operating Hours: Monday – Friday: 7:00 AM – 4:00 PM

Google reviews score4.9/5
Total reviews3/5
Score consistency4.7/5
Credentials4/5
Booking System4/5
Service4.25/5
Scope4/5
Results4.5/5
Communication4.25/5
Accessibility4/5
Helpfulness4.5/5

Amscot Stockbroking is among our top picks for your next stock broker in Perth. They’re a full trading and clearing participant for Australia’s leading stock exchanges.

We appreciate their simple pricing without complicated tiers. Several clients also note that their low-cost online stockbroking services beat the competition at nearly every price point.

Their team told us their rates are low because all their trading, clearing and settlement needs are internally met. We believe this avoids the heavy expenses typically involved in dealing with larger corporations.

It’s also helpful that their online share trading plans are easy to remember since there are only 2 options. 

If you’re a casual trader with trade values less than $35,000, they conveniently have the ValueRate trading option for you. Otherwise, trade values at $37,500 or more would be more suitable with TraderRate.

They’re also transparent in comparing online rates with theirs. Their website visitors can easily see other brokers’ trade values, and most of their competition’s rates are visibly higher.

Opening a share account at Amscot Stockbroking is also free. Their online process takes around 10 to 15 minutes.

But if preferred, we like that they still have a paper-based application. Their forms can be downloaded from their website or can be obtained from their friendly desk staff.

The only drawback is this company is a non-advisory service. If you’re not sufficiently experienced to operate in the equities market, you’ll need to look for other private client advisors to assist you.

Pros

  • Offers simple pricing without complicated tiers
  • Has options for casual and experienced traders
  • Accepts online, phone, and manual account openings
  • Transparent in online rates comparison

Cons

  • They’re a non-advisory service
  • May not be the best for beginners

3. Argonaut

Argonaut' Homepage

Services: Stockbroking, Research

Website: https://www.argonaut.com/ 

Address: 77 St Georges Terrace, Perth WA 6000, Australia

Contact Details: +61 8 9224 6888, [email protected] 

Google reviews score5/5
Total reviews2/5
Score consistency5/5
Credentials4/5
Booking System4/5
Service4.5/5
Scope4/5
Results5/5
Communication4/5
Accessibility4/5
Helpfulness4/5

If you’re a client or company with a high net worth, Argonaut could be the stock broker in Perth who can help you. They’re accessible and have the financial capability in the Australian and Asian regions.

It’s commendable that they’re a research-driven firm too. This makes them reliable for making big decisions for stockbroking and corporate finance activities.

We believe their in-depth knowledge of the biggest industries in Perth helps than provide excellent stockbroking advice. With their extensive knowledge, they can identify high-quality assets and transactions and create significant wealth for all parties involved.

Just note that selling shares with them can take some time. A previous client’s electronic shares were once sold within at least 4 weeks.

Though they usually deal with companies with market capitalisations between $30 million and $5 billion, we like that they can still make considerations for smaller companies.

Of course, these companies need to meet 2 out of their 3 strict criteria. They must show quality management, present commercially or potentially significant underlying assets, or have Argonaut hold a meaningful principal position with them.

If you meet their standards, opening an account with Argonaut can take place online. Their registration form takes only a few minutes to complete and you also need to input your authorised agent’s details.

Pros

  • Ideal for clients with a high net worth
  • Research-driven firm with a knowledgeable team
  • Can consider smaller companies
  • Opening an account can be done online

Cons

  • Strict criteria about the client’s market capitalisation
  • Selling shares may take a while

4. Morgans Financial Limited

Morgans Financial Limited' Homepage

Services: Stockbroking, IPOs and Share Offers, Wealth & Managed Portfolio Service, Self Managed Super Funds, Personal Insurance, Superannuation Advice, Options and Warrants, Margin Lending, Fixed Interest, Financial Planning, Tax Planning, Retirement and Estate Planning

Website: https://www.morgans.com.au/westperth 

Address: Level 4/50 Colin St, West Perth WA 6005, Australia

Contact Details: +61 8 6160 8700, [email protected] 

Operating Hours: Monday – Friday: 8:30 AM – 5:00 PM

Google reviews score5/5
Facebook reviews score4.9/5
Total reviews3/5
Score consistency4.7/5
Credentials4/5
Booking System4/5
Service4.75/5
Scope5/5
Results4.5/5
Communication4.25/5
Accessibility4/5
Helpfulness4.5/5

Morgans Financial Limited is up there on our list because they’re among the largest full-service retail stock brokers in Perth (and Australia).

We’re impressed with their extensive experience since they’ve already serviced over 300,000 clients. They’re also highly accessible across their 50 offices.

Their team is helpful in giving smart, personalised advice tailored to the client’s investment style and objectives. This is applicable whether the client is a professional or a novice investor finding their way in the market.

Besides providing tailored share portfolios, several clients also appreciate the recommendations from their analysts. We applaud their comprehensive internal and external research, alongside their access to local and international markets.

In addition, their online account offers effortless monitoring of the investments. Through this, clients may get the information they need, check share prices, read announcements, and more.

But no worries if you’re hesitant – we love that clients are welcome to request a free trial web account for 2 weeks to see if their online offering is suitable.

On top of that, it’s incredible that Morgans Financial Limited can take the burden of portfolio migration from its prospects. Just make an appointment with one of their advisers, and they can handle the rest.

Nevertheless, their office may be challenging to locate since there are no visible signages outside to guide first-time visitors.

Pros

  • Among the largest stock brokers in Australia
  • Extensive experience with over 300,000 clients
  • Highly accessible across their 50 offices
  • Clients may get a 2-week free trial web account

Cons

  • Their office has no visible signages outside
  • Closed on the weekends

5. State One Stockbroking

State One Stockbroking' Homepage

Services: General & Personal Advice, Market & Stock Alerts, Market Commentaries, Equities Research, IPOs & Capital Raisings, Contingent/Stop Loss Orders, Margin Lending. Short Selling, Warrants, mFund, Multi-Markets, myStateOne, Sophisticated Investors, Qualified Accountants

Website: https://www.stateone.com.au/ 

Address: 14/172 St Georges Terrace, Perth WA 6000, Australia

Contact Details: +61 1300 651 898, [email protected] 

Operating Hours: Monday – Friday: 6:00 AM – 3:00 PM

Google reviews score4/5
Total reviews2/5
Score consistency3.8/5
Credentials4/5
Booking System4/5
Service4.25/5
Scope4.5/5
Results4/5
Communication4/5
Accessibility4/5
Helpfulness4/5

For developing long-term investments or profitable active trading portfolios, State One Stockbroking might be a suitable stock broker in Perth for you.

Right off the bat, we find it convenient that they don’t charge anything for opening an account. There are no monthly fees as well.

Their private client advisory business is primarily based on giving general and personal advice. But, we also like that customers may choose a ‘no advice’ option alongside their financial orders if they’re already confident.

It’s also handy that they can keep their clients updated with the market and stock news. A range of alerts can notify the client when triggered online.

To long-term traders or investors, we think you can also benefit from their contingent orders. They offer this in 4 forms, and each order can be placed on the phone through one of their advisors.

More specifically, an order can be automatically generated once a specified condition is met. This way, clients won’t have to check in frequently on the share values.

However, it might be burdensome that cash and credit cards aren’t accepted when paying for shares. Clients must pay using any one of BPay, cheque, or direct debit.

If interested, State One Stockbroking has a phone number for both local and overseas clients. Note that their working hours start early at 6 am but also end early at 3 pm.

Pros

  • Caters to local and overseas clients
  • Free account opening and no monthly fees
  • Flexible advising services 
  • Keeps clients updated with the market and stock alerts

Cons

  • Doesn’t accept cash and credit cards for shares payment
  • Work hours end earlier than most Perth stock brokers

FAQs About Stock Broker in Perth

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