Trading Platform Poll

Curious to see which trading platforms are most popular.

 

Brokers are like a utility with pricing trending to zero.

1. CMC, CHESS and zero cost for buys <$1000
2. Vanguard, zero cost if limit to Vanguard Australian Domiciled ETFs and ok with non CHESS
3. Betashares Direct garnering some interest for a non CHESS zero cost ETF broker not limited to Vanguard ETFs
4. Stake is the sweet spot for CHESS and purchases >$1000 @$3/0.01%
5. I imagine CommSec is popular for their T+2 settlement capability even though it is pricey

 

CMC is my favorite which I think is superior , free for US shares , has better FX rate than Stake, more range and better customer service unlike Stake you can even talk to them using old technology, faster and easier login on than stake which has 2FA which can be a pain trying to get code especially when have bad signal or OS. The Pro's for Stake is Fractional buying and USD bank account so you only pay FX rate on funds on way in and way out,but not when trading so good for frequent trading using USD. I sold out and dont use it any-more as I dont trade US stocks any more but buy and hold ,CMC is good for that. Also use Direct Shares which I suppose is same as Westpac it is good and similiar to but is expensive . Super Hero sucked.

 

I use Pearler. Found them easy to deal with, get your own HIN and can get a trust account set up

 

Over several decades I bought shares with several brokers, plus a number of IPOs. About five years ago I moved everything to Self Wealth - lowest prices. As I buy or sell at intervals of 3-10 years the cost does not matter much as long as it's low. provided Self Wealth is towards the bottom of the cost range I'm happy to stay. At $9.50 a trade for shares worth five figures the broker cost is miniscule.

 

CMC FX @ 0.60% is better than Stake, but really for international FX, IBKR is hard to pass up @ 0.002%. Better options for ASX so downside is two brokers, one for ASK and one for International

Online trading platforms comparison — Passive Investing Australia

 

Very few options for non-resident, so I had to go with Pearler. Simple interface and flat trading fee which is convenient when you make big trade.

 

The IBKR platform isn’t the most user friendly and was one of the original online brokers and it shows at times. But an amazing one as you can trade almost anything including most major markets and very low fees

 

can anyone recommend a platform for investing via a discretionary trust? ive got my personal acct on stake but could shift my future investments onto another platform in a trust i already have setup for other equity investments

 

Westpac just published new brokerage fees, cheaper for small trades, but worse off for orders between $10k - $18k

Current Online Trading Brokerage*
$19.95 up to $18,136.36
0.11% over $18,136.36

New Online Trading Brokerage* for orders placed from 12 noon (AEST) 13 April 2024
$4.95 (up to and including $1,000)
$9.95 (over $1,000 up to and including $3,000)
$19.95 (over $3,000 and up to $10,000)
$29.95 (over $10,000 and up to $28,000)
0.11% (over $28,000)

 

Still using CBA out of convenience as most of my other main accounts are with them.

 

NabTrade - it allows non-residents like me. Used for Australian stocks.

Other accounts:
ETrade and MorganStanley in the US
Nordea and Nordnet for Euro shares.

Wise for AUD - USD - EUR transfers.

 

I haven't purchased any equity yet but have set up an account for my discretionary trust on Pearler. It was pretty easy to do.