Online Brokers

Comparison Tables

There are many online brokers, with different sets of features across Australian Shares, International Shares, Derivatives, and Forex. The table below may assist you in finding the broker that has the trading products and pricing that you require for your particular SMSF trading and investing needs.

We have listed the advertised brokerage where a broker offers a particular product to be traded online. A blank field indicates that product is not available with that broker. See below the table for more info on how to read the table, and an explanation of pricing.

BROKER	ASX Shares & Warrants	International Shares	ASX Options*	CFD's	Futures	Forex
Amscot www.amscot.com.au	$14.85 < 5K $19.80 < 22.5K 0.088%>22.5K
Bell Direct www.belldirect.com.au	0.1%, with $15 minimum.
CMC Markets www.cmcmarkets.com.au	$19.95 < 15K $29.95 < 30K 0.11% > 30K	via CFDs	$44 < 8K 0.55% >8K	$10 < 10K turn 0.1% < 2m turn 0.08% < 10m tur 0.06% > 10m tur		via CFDs
Commsec www.commsec.com.au	$19.95 < 10K $29.95 < 25K 0.12% > 25K	0.825% with $US71.50 min. Up to 1.1% for some countries. Separate account.	$34.95 < 10K 0.35% > 10K	0.11% with $14.95 min. 0.055% for international, commodity and fx cfds.		via CFDs (limited)
E-Trade www.etrade.com.au	$19.95 <18K 0.11% >18K 1st trade each month slightly higher rate for trades between 5K & 28K.	$64.90 < 10K 0.65% > 10K Min trade value of $2k. 0.1% custody fee (waived if at least 1 trade for the month)	0.55% with $44.95 min. Rebates apply for more than 10 trades a month.	0.1195% with a $11.95 min. Reduces for over $1mill volume a month.
Easy Street www.easybroking.easystreet.com.au	$26 < 50K. For > 50K, $45 for each 50K increment, and cant be done via internet (must be phone etc)
FXCM www.fxcm.com.au						spreads only, and are variable. Typical spread on EUR/USD is 2.3 pips
GFT www.gft.com.au		via CFD's		0.1% for individual equity markets. For other markets, bro is included in spreads which are variable.		spread only, & variable. Spread on EUR/USD between 1 & max of 3 pips.
Morrison Securities www.morrisonsecurities.com.au	$22 < 50k $44 < 100K 0.055% > 100K		$28 < 1m	$10 < 12.5K 0.08% > 12.5K	$10 pc < 5 contracts $5 pc 5+ contracts	via CFDs (limited)
Interactive Brokers www.interactivebrokers.com.au	0.08% with $6 minimum	US: 0.5c per share, with $1 min & 0.5% max. Rates vary for other countries	$3 pc with $3 min.	0.05%with /$6 min	$5 pc with $5 min	0.2bps with US$2.50 min
Macquarie Prime www.macquarie.com.au/prime	0.12% with $20 minimum. Rebates available if monthly trade volume exceeds $500K. Gearing and shorting available on platform.			0.12% with $20 minimum. Rebates available if monthly trade volume exceeds $500K.
Minc Online www.thinkminc.com.au	$33 < 200K $33 + 0.0275% of amt >200K for trades < 1m $253 + 0.044% of amount > 1m for trades >1m.		$2.42 pc with $26.40 min
Nabtrade www.nabtrade.com.au	$14.95 for trades up to & including $10,000 $29.95 for trades $10,001 - 27,227.27 Over $27,227.27, 0.11% of trade value		$34.95 for trades up to & including $10,000 0.35% of trade value over $10,001
Netwealth www.netwealth.com.au	$17.99 < 5K $19.95 < 10K $26.99 < 25K 0.11% > 25K		0.55% with $49.99 min
Options Express www.optionsxpress.com.au	$14.95 < 1000 shares $0.015 per share > 1000 shares	$14.95 < 1000 shares $0.015 per share > 1000 shares	$14.95 1 cnt $14.95 5 cnts $15.00 10 cnts $30.00 20 cnts		$6.99 pc <41 cnts. Reduced rates for > 40 cnts a month
St George www.directshares.com.au	$32.95 < 30K 0.11% > 30K Rates reduce for more than 10 trades a month.		0.55% with $44.95 min. Rebates apply for more than 10 trades a month.
Suncorp Share Trade www.sharetrade.com.au	0.16% with $23.95 min
Westpac www.westpac.com.au/broking	0.11%, with $24.95 min

*Options clearing house fees also apply to exchange traded options contracts, and should be added to options brokerage.

Attention Brokers: if you are a broker , and you are not listed above and wish to be, or your listed and your details are incorrect or need to be changed / updated, please contact us with your correct details in a format similar to above.

Notes to price tables:

1. Prices listed are those that are publicly listed, as at the time of writing, by each company on their website or other marketing material for online (internet based) trading. Most brokers also offer phone based trading, however brokerage will be higher.
2. Prices are those of basic online brokerage for most standard accounts. Lower rates can sometimes apply for accounts with higher turnover, and higher rates can apply is you settle trades to a cash account other than that approved by the broker. YOu will need to check with the broker.
3. Some brokers also charge a monthly fee for the trading platform they use, and a data feed, although this can be for free if you trade a certain number of times a month. You need to check this with the broker.
4. Brokers will also charge fees for other services such as:
- SMS and email alerts
- conditional orders
- research
- sell only service
- and various admin functions such as fail fees, postal contract notes etc.
5. PC = per contract
6. Where a listing reads similar to "$19.95 < 10K", this means there is brokerage of $19.95 for trades up to $10,000 in value.
7. The SMSF Review provides the above table and listed prices in good faith, but can not guarantee its accuracy at any point in time. You need to check with the individual broker for their latest prices, brokerage and fees.

Membership

It's FREE, but the benefits
are huge. Stay up to date
with all the latest strategies,
get access to all of our
resources, and much more.
Click the button below to find out more.

JOIN SMSF REVIEW TODAY