Frequently asked questions
About Marketech
Yes, we are an Australian public company – our ACN is 611 391 729.
We also hold our own Australian Financial Services Licence - 486148.
While we have been building trading platforms for 20 years, Marketech Focus is our first platform that has been made available to regular ASX investors.
Our Focus platform is built with technology and services from Australia’s leading providers of data, banking and trading technology:
• Macquarie for banking to hold our clients’ balances
• OpenMarkets to settle trades
• IRESS for trade placement
• Refinitiv for market data.
Access to Marketech FocusLite is available at no cost, enabling all traders to take advantage of our market analysis tools, live ASX data and low brokerage fees. If you are trading a couple of times a month and only infrequently viewing the live markets this should be more than sufficient.
Our most popular Focus tier is available for a $45 monthly subscription fee, delivering live streaming price data, as well as additional features and even lower brokerage fees. Access to live data incurs a cost from ASX, which we pay on your behalf. Our access fee allows us to cover this cost, plus offer ultra-low brokerage fees for trades.
For many ASX traders who trade more than 3 times per month, the cost of the access fee is more than outweighed by the low brokerage fees compared to traditional online brokers, meaning that overall costs to place trades are significantly lower.
Trading
We are focussed on delivering ASX investors the best experience possible, which means you are able to invest in any ASX-listed share or ETF. We intend to expand this offering soon.
The cost of placing a trade depends on your level of access:
FocusLite:
No monthly fee
Trades from $500 - $25,000= $10 per trade
Trades over $25,001 = 0.04% (4 basis points)
Focus:
$45 monthly access fee
Trades from $500 - $25,000 = $5 per trade
Trades over $25,001 = 0.02% (2 basis points)
In keeping with ASX rules, the smallest trade you can place is $500.
No, this is a long only ASX platform.
As with all ASX brokers, we offer two-day settlement (also known as T+2). This means that when you sell shares, the money from the sale will be deposited into your account on the third business day after the trade. You can however use the funds from a sale to make a purchase immediately.
You can choose to direct them to your new Macquarie CMA, or elect to direct them to any other bank account via the share registry.
Funds can be withdrawn from your Macquarie CMA online through your own Macquarie log-in, as with any other bank account.
Ownership of your shares and balance
Your shares are held on your HIN, registered with ASX on the CHESS register. Shares bought through Marketech are real shares, not CFDs.
Yes, you will receive the full interest that Macquarie is currently paying on their Cash Management Account.
Account set-up
Setting up an account is quick and easy:
1) Select your membership level
2) Complete the application form
3) Wait for approval. The ID verification and account approval process can take between 2-5 business days due to Anti-Money Laundering and Counter Terrorism checks. These checks are necessary to protect your assets - we do not take shortcuts when it comes to protecting our clients’ interests.
To set up your trading account, you’ll need to supply an item of Government issued ID to verify your identity and comply with anti-money laundering regulations, and your Tax File Number to register your account with the ATO.
The fastest way to prove your identity is using our online electronic verification service, which requires a valid Australian Drivers licence.
Yes, you can use your own HIN – transferring across is a simple process.
However, if you would like to get started as quickly as possible, you can open a new HIN and then transfer your existing shares across when you are ready.
Yes, as long as they are in the same name. You will just need to complete a form to let us know which shares you would like to transfer. We’ll take care of the rest.
To reduce paperwork and speed up the account opening process, we set up a new Macquarie Cash Management Account for each of our clients. You cannot currently use an existing bank account, whether that is with Macquarie or another bank
Money can be transferred from a bank to your new Macquarie CMA in the normal fashion. Something to note is that your balance will be available in the Marketech platform the day after it arrives in your Macquarie CMA.
Not at this time.
You will have full access to your trades within the platform. For those that would like a portfolio and tax reporting service, our fully integrated connection to Sharesight delivers a seamless experience. To enable this, register set up your account on the Sharesight website first, then link your Marketech account within our platform.