Broker Comparison - Australia

Tuesday, August 18, 2009

A detailed comparison of ASX brokers in Australia. This report compares and ranks each broker on the basis of brokerage, margin lending and options trading charges etc. All charges are in Australian Dollars and inclusive of GST (except Morrison Securities).

Amscot

  • Shares & Warrants:
       Online:
          $14.85 (Up to $5,000)
          $19.80 ($5,001 to $22,500)
          0.088% (Over $22,500)
       Phone:
          $29.70 (Up to $4,999)
          $38.50 ($5,000 to $14,999)
          $59.40 ($15,000 to $54,999)
          0.11% (Over $55,000)
  • One-off Sales:
       $49.50 (Up to $5,000)
       $60.50 ($5,000 to $14,999)
       $82.50 ($15,000 to $54,999)
       0.15% + $14.30 (Over $55,000)
  • Day Trading:
       $33 (Up to $200,000)
       $33 + 0.0275% above $200,000 (Over $200,000)
  • Interface: Online, Phone

Sharesrank 4
One-offsrank 3
Day Traderank 3
Interfacerank 2

Bell Direct

  • Shares & Warrants:
       Online/iPhone/SMS: $15 or 0.1% (greater of the two)
       SMS trades: $0.55 (charged to mobile service provider)
       Phone: $60 or 0.2% (greater of the two)
  • Margin Lending: $15
  • Interface: Online, iPhone, SMS, Phone

Sharesrank 4
Marginrank 5
Interfacerank 4

CommSec

  • Shares & Warrants:
       Online Preferred:
          $19.95 (Up to $10,000)
          $29.95 ($10,001 to $25,000)
          0.12% (Above $25,000)
       Online:
          $29.95 (Up to $10,000)
          0.31% (Above $10,000)
       Phone:
          $54.60 (Up to $10,000)
          0.54% ($10,001 to $15,000)
          0.45% ($15,001 to $80,000)
          0.40% ($80,001 to $1 million)
          0.11% (Above $1 million)
  • Margin Lending:
       Online:
          $19.95 (Up to $10,000)
          $29.95 ($10,001 to $25,000)
          0.12% (Above $25,000)
       Phone:
          $54.60 (Up to $10,000)
          0.54% ($10,001 to $15,000)
          0.45% ($15,001 to $80,000)
          0.40% ($80,001 to $1 million)
          0.11% (Above $1 million)
  • Interface: Online, iPhone, SMS, Phone

Sharesrank 3
Marginrank 3
Interfacerank 4

CMC Markets

  • Shares & Warrants (including Margin Lending):
       Online:
          $19.95 (Up to $15,000)
          $29.95 ($15,001 to $30,000)
          0.11% (Above $30,000)
       Phone:
          $59.95 (Up to $20,000)
          $82.50 ($20,001 to $37,500)
          0.22% (Above $37,500)
  • Margin Lending: $38.50
  • Exchange Traded Options:
       Phone:
          $44.00 (Up to $8,000)
          0.55% (Above $8,000)
       ACH Fees: $1.12 per contract
  • Interface: Online, Phone

Sharesrank 3
Marginrank 2
ETOsrank 3
Interfacerank 2

D J Carmichael

  • Shares & Warrants:
       2.75% (Up to $15,000)
       2.20% ($15,001 to $50,000)
       1.65% ($50,001+)
  • Interface: Phone, Fax, Branch

Sharesrank 1
Interfacerank 3

Etrade

  • Shares & Warrants:
       Online: $32.95 or 0.11% (greater of the two)
       SMS trades: $0.33 (charged to mobile service provider)
       Phone:
          $69.95 (Up to $15,000)
          0.40% ($15,001 to $55,000)
          0.35% ($55,001 to $1 million)
          0.13% (Over $1 million)
  • Exchange Traded Options: $44.95 or 0.55% (greater of the two)
       ACH Fees: $1.12 per contract
  • Interface: Online, Phone, Email, SMS

Sharesrank 2
ETOsrank 3
Interfacerank 4

Interactive Brokers

  • Shares & Warrants: $6.00 or 0.08% (greater of two)
  • Interface: Online

Sharesrank 5
Interfacerank 1

J Palmer

  • Shares & Warrants:
       Online:
          $60.00 (Less than $6,000)
       Standard:
          $70.00 (Up to $3,999.99)
  • Interface: Phone, Fax, Branch

Sharesrank 1
Interfacerank 3

Morrison Securites Pty Limited

*
  • Shares & Warrants:
       Online (funded from Morrison Securities Trust Account):
          $20.00 (Up to $49,999.99)
          $40.00 ($50,000 to $99,999.99)
          0.05% (Over $100,000)
       Online (funded from linked Macquarie/Adelaide CMT Account):
          $30.00 (Up to $49,999.99)
          $50.00 ($50,000 to $99,999.99)
          0.06% (Over $100,000)
       Phone:
          $40.00 (Up to $40,000)
          0.1% (Over $40,000)
  • One-off Sale:
       $50.00 (Up to $50,000)
       0.1% (Over $50,000)
  • Exchange Traded Options:
       Online: $43.95 or 0.55% (greater of the two)
       Phone: $64.95 or 0.55% (greater of the two)
  • Interface: Online, Phone

Sharesrank 3
One-offsrank 3
ETOsrank 3
Interfacerank 2

NAB

  • Shares & Warrants (including Margin Lending):
       Online: $29.95 or 0.11% (greater of the two)
       Phone: $64.95 or 0.11% (greater of the two)
  • Exchange Traded Options:
       Online: $43.95 or 0.55% (greater of the two)
       Phone: $64.95 or 0.55% (greater of the two)
       ACH Fees: $1.12 per contract
  • Interface: Online, Phone

Sharesrank 2
Marginrank 2
ETOsrank 3
Interfacerank 2

Westpac

  • Shares & Warrants:
       Integrated Account - $24.95
       Standard Account - $29.95
  • One-off Sales:
       Phone: $69.95 or 0.44% (greater of the two)
       Online: $43.95 or 0.15% (greater of the two)
  • Margin Lending: $24.95
  • Interface: Online, Phone.

Sharesrank 2
One-offsrank 2
Marginrank 3
Interfacerank 2

Feedback, suggestions, comments....