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Thread: Best brokerage fees for trading? Who is offering the best price?

  1. #1
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    Best brokerage fees for trading? Who is offering the best price?

    I'm trying to find better prices for brokerage fees, at the moment I use 3 different places at the moment with one offering $19.95 per trade, next cheapest is $25 and for my slightly larger trades I'm getting a fee of $30.

    Any better deals out there? I do like to keep my brokerage fees down and if possible have as much control as I can.



  2. #2
    Senior Member DealDude's Avatar
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    Cheap Online Share Trading deals Australia from just $9.90 per trade with CMC Markets.

    Hi MrMoneyExpert I am very new to stocks and share trading, FOREX and the best I've found is from CMC Markets it also won Money Magazine's best of the best award for cheapest online broker for 2011, 2012 and 2013 with trades up to $10,000 (I'm pretty sure it's $10,000 I'm not trading that high yet) costs just $9.90 per trade:

    CFD Trading | CFD Provider | CFD Broker | CFD Education | CMC Markets


    Trade shares online from $9.90
    Australia’s lowest online brokerage starting at just $9.90* and an online trading platform that officially offers the absolute best value in Australia^. With CMC Markets you get platform reliability, ease of use, research and charting, and website functionality.

    *Money magazine's Best of the Best award for Cheapest Online Broker 2011, 2012 and 2013.
    ^ CANSTAR Online Share Trading Best Value Australia 2011, 2012 and 2013. CANSTAR Online Share Trading Outstanding Value Australia, casual investor 2011, 2012 and 2013.

    There's a great chart from CANSTAR online share trading showing their star ratings here:
    Online Share Trading Star Ratings - TRA

    A bit more about CMC Markets:
    CMC Markets Stockbroking - A guided introduction to our new stockbroking trading platform - YouTube

    CMC Markets Stockbroking - A guided introduction to our new stockbroking trading platform

    Learn how to find instruments, place orders, research trends, and discover our education offering with Investing IQ Online. Then you can apply online in minutes. Your driver's licence may be all we need to verify your identity and give you immediate access. And switching brokers is no problem either -- we'll do all the paperwork for you.
    MrMoneyExpert likes this.

  3. #3
    Senior Member DealDude's Avatar
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    Compare brokerage fees and rates to get best low cost share trading in Australia

    I've just found the pricing for the CMC Markets trading it's $9.90 or 0.1% whichever is higher:

    Low brokerage rates | CMC Markets

    and for what I use I don't get charged a monthly fee like you do with certain other stockbroking websites!

    Compare our rates and see how much you can save

    Share trading online orders
    Order value CMC Markets Stockbroking^ CommSec^ E*Trade^ Nabtrade^ Westpac^
    $8,000 $9.90 $19.95 (internet preferred rate)or $29.95(standard internet rate) $24.95 $14.95 $19.95
    $15,000 $15.00 $29.95 (internet preferred rate)or $46.50(standard internet rate) $29.95 $29.95 $19.50
    $45,000 $45.00 $54.00 (internet preferred rate)or $139.50(standard internet rate) $49.50 $49.50 $49.50
    $120,000 $120.00 $144.00(internet preferred rate)or $372.00(standard internet rate) $132.00 $132.00 $132.00

    and don't forget this chart for more information about best online share trading accounts: Online Share Trading Star Ratings - TRA

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    That's a very good offer thank you Dealdude. The price even for my top end trades is very good!

  5. #5
    Gav
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    I was looking at the E-Trade one as that's who I always used to use, and thinking I don't remember a monthly fee, but looking at this page: https://invest.etrade.com.au/cms/vie...ulletin+-++223

    It seems that the monthly fee is only for E*TRADE pro subscriptions, lets face it I was never in that league!

    E*TRADE Pro information:
    https://invest.etrade.com.au/cms/vie...ulletin+-++223


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