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Before you commit to a broker or brokers, consider carefully their fee structures, ease of trading and other factors previously canvassed. Better to avoid subsequent moves if possible because of having to set up an account with the broker and associated bank account and move broker sponsored stocks around.
Here is a list of Australian online sharebrokers and their internet brokerage rates. We don't guarantee the accuracy of the brokerage quoted below as each broker has different plans and features. Click on the brokers name for full details.
Company/Service |
Brokerage Tier One
|
Brokerage Tier Two |
Brokerage above Tier
|
||
Amscot Discount - Value |
$14.85 |
$17,000 |
|
0.088% |
|
Amscot Discount - Trader | $33.00 | $200,000 | 0.033% | ||
$15.00 |
$15,000 |
|
|
0.10% |
|
CMC Markets (Note 1) |
$9.90 |
|
|
0.10% |
|
$19.95 |
$10,000 |
$29.95 |
$25,000 |
0.12% |
|
CommSec Standard | $29.95 | $10,000 | 0.31% | ||
E*Trade (Note 2) |
$19.95 |
$5,000 |
$24.95 |
$10,000 |
0.11% |
Easy Street Fin (Note 3) |
$27.95 |
|
|
|
0.11% |
$6.00 |
$7500 |
0.08% |
$100,000 |
|
|
Macquarie Edge (Note 4) |
$28.95 |
$24,000 |
|
0.12% |
|
National Online (Note 5) |
$29.95 |
|
|
|
0.11% |
Netwealth (Note 6) |
$17.99 |
$5,000 |
$19.95 |
$10,000 |
|
St George direct (Note 7) |
$19.95 |
$5,000 |
$24.95 |
$10,000 |
|
$21.95 |
$10,000 |
$29.95 |
$25,000 |
0.12% |
|
Trader Dealer (Note 8) |
$19.50 |
$18,000 |
|
|
0.11% |
Westpac Online (Note 9) |
$19.95 |
|
|
|
0.11% |
Note 1 - $9.90 or 0.10% whichever is greater
Note 2 - Has another band $10,001-$28,000 $29.95 - 2nd and subsequent trades in a month at $19.95 up to $18,000 then 0.11%.
Note 3 - $27.95 or 0.11% whichever is greater
Note 4 - Frequent Client is $23.95 or 0.11% over $21,000, Preferred client is $18.95 or 0.10% over $19,000 where Frequent trades once a month or has $5000 on average in Cash account and Preferred trades 5 times or has $25,000 on average in Cash Account.
Note 5 - $29.95 or 0.11% whichever is greater - $5.50 rebate for 6th and any subsequent trades
Note 6 - $26.99 per trade for transactions above $10,000 up to $25,000, 0.11% per trade for all transactions above $25,000 Premium - $23.50 per trade for transactions up to $10,000, $31.99 per trade for transactions above $10,000 up to $25,000, 0.13% per trade for all transactions above $25,000
Note 7 - Has another band $10,001-$28,000 $29.95 - 2nd and subsequent trades in a month at $19.95 up to $18,000 then 0.11%.
Note 8 - ProTrader Rate, Up to $200,000, Flat rate of $33, $200,001 to $1 million, $33 plus 0.0275% above $200,000, Greater than $1 million, $253.00 plus 0.055% above $1M.
Note 9 - $19.95 or 0.11% whichever is greater