15 Best Australian Online Stock Brokerage Investing Platforms Compared in 2024

[@BryanInvest]

💰Use Moomoo App (chess sponsored) to buy shares & get these free bonuses 🎁: 1. 10 FREE Stocks (worth up to $3,626). 2. Earn 6.8% Interest for up to 100K Uninvested Cash. 3. $2,000 Brokerage free cards (free brokerage fees for 30 days. Click this link to sign up: j.moomoo.com/00A1xQ

[@Mike-ix1ou]

Hey do you know is Syfe is ok in Australia? Cheers

[@BryanInvest]

@@Mike-ix1ou Hmm...they must be new. I've only heard about them recently. I don't know enough about them to comment. I'll have a look at them and report back.

[@stevecheshire5046]

​@BryanInvest what's a good app to use to do day trading/ short term trades. I want to focus on btc, gold, oil, forex.

[@nooneyouknowof]

Very informative video! Thank you! Do you know of any brokers besides moo moo that will let me trade on the asx even though I'm based in the US? I tried to open accounts with Stake and Superhero, but they don't offer this option.

[@generackley8023]

Hey guys, I don't know anything about investment or crypto , and I'm looking forward to invest, any help? Or who can I reach out to?

[@ananthracolby6461]

Of course. I was recommended to her by people's testimonies. Writing her has been the best decision I have made

[@arundevaj2324]

I'm also trading with Mrs Maureen, she understands how the cryptocurrency market works and I think she can be of great help to anyone , trust me 👊

[@harsithanand4686]

Please how can I reach this Expert Maureen everyone is talking about?

[@AdrianPietro]

I've never stopped thanking my friend who introduced her to me

[@finsightfulwealth]

Hey! We have some great resources over on our channel - Finsightful Wealth :))

[@natashagonzales4831]

Gold 10 Months late, but thank you for sharing your knowledge. I wasn't expecting to find something so thorough while also simplifying everything. Thanks again I really appreciate it.

[@BryanInvest]

Thank you, Natasha. I really appreciate your support and kind words 😊💛

[@manoharbalasubramanian8381]

Hey Bryan, great work putting in all the stats. Love your content . One small thing I wanted to highlight is that CMC invest allows you to buy one stock , one transaction per day upto 1000$ for free , so one can buy 999$ worth of VAS, 999$ worth of VGS, 999$ worth of ETHI and so on in single transaction in a day, and this perfectly suits for some one who is a long term investor and does dollar cost averaging 😊

[@BryanInvest]

Spot on Manohar! Thanks for sharing your thoughts. That’s a great way to put it. And a lot of people have a few ETFs for different markets so it’s perfect 👍

[@jasonfoster7403]

It isn't all about fees. As an experienced trader, I still trade with commsec. Alot of traders have experienced so many difficulties with trying to get their money out from CMC markets. To me, peace of mind is the most important factor when chosing a broker, not fees. GOLD.

[@BryanInvest]

You make a good point Jason. However, I’m a proponent of long term investing and a lot of my audience are beginners so I would assume they would be investing in small chunks hence why I think fees are important. Although, I do agree reputation and reliability is also important.

[@AuntyCoby]

GOLD! I've just come back to rewatch this video. I took your advice and its working for me. its good to rewatch and confirm im doing everything correctly and its working. Thank you Brian

[@BryanInvest]

That’s wonderful to hear mate! I wish you all the best on your journey. Have a wonderful Christmas 🎄 😊

[@DUBLDENM]

GOLD! AVOCADO! KEY! MORE PLEASE! Thank you so much for this channel! I literally discovered FIRE around 5am this morning and have already watched (listened to) a lot of your videos while at work today. I am so excited to get home and start looking at some statements and sorting myself out. One question, if I have it right, if I go with Stake, I will still have to manually manage my DCA each time I make a deposit? I think I'm going to struggle picking one out of your top 3, I came across Pearler first thing via the Australian FIRE subreddit, but I'm so grateful for coming across your channel because now I will do a bit more research before blindly jumping in. Thank you, thank you, THANK YOU! 🙏💙💙

[@BryanInvest]

Haha, cheers mate! I appreciate it. Isn't it awesome when something in your mind suddenly clicks that motivates you to work towards something big? I'm excited for your journey! Yes, you are correct. You will have to manually invest with Stake. Pearler is the only Chess Sponsored broker that I know of that allows auto investing. I have heard other brokers are working on their own auto invest function but so far, I haven't seen anything concentre. Anyway, Pearler is a great choice for beginners. I wish you all the best on your investing journey. Make sure you let me know your progress along the way. All the best to you 💛

[@SiaNas]

Gold! But CMC don’t charge a dormancy fee. I am looking on their website now and it says “No, we don’t charge dormancy fees”

[@BryanInvest]

Yeah, a few people have told me this but I can still see they charge $15/yr on their website. www.cmcmarkets.com/en-au/support/faqs/charges

[@carlosyanez345]

Hi Bryan, Are you going to do an updated Video on this topic, by any chance? Which broker are you using right now? Thank you

[@BryanInvest]

Hi Carlos, yes I will be doing an updated one soon. I'm currently still using Stake for AU stocks and Moomoo/Webull for US stocks. Although, I heard Moomoo are going to introduce Chess sponsorship soon so I may switch to them for AU stocks given their low prices and research features.

[@Val.Arctic]

Looking forward to the update :) ! Great video! If you could do one on US market would be awesome

[@carlosyanez345]

Hi@@BryanInvest , how do you get dividend using these platforms? Thank you

[@BryanInvest]

@@carlosyanez345 You need to invest in a stock/ETF that pays dividends. The dividend will be paid to your brokerage account by default. You can change your dividend preference by signing up to your share registry. From here, you can enter the bank account you want the dividends to be paid or even set up an auto Dividend Reinvestment Plan. kzbin.info/www/bejne/mqTCYpSidq-aiqs

[@mohans2530]

This is fantastic! Would love to see a video on which platform is best if you want to trade on Aussie, US, UK and emerging markets.

[@BryanInvest]

Thanks for the idea! I’ll put it on the list ✅

[@BoxCuttahz]

You are gold. I love your content, presentation, everything. Thank you for sharing your knowledge keep up the great work. New sub here

[@BryanInvest]

Thank you so much ☺️ welcome to the family! Hope you have a wonderful 2024 ✊

[@jnuimusic]

GOLD! - i've used selfwealth for a few years for lump sums with free trades but since I ran out I am moving to CMC to DCA. A lot of people commenting on this video and other videos about having problems withdrawing money from CMC. I will cross that bridge when I get there (I ain't selling for years baby!) but I'm sure it's not impossible to withdraw money.. I anticipate that people withdrawing money probably need the cash sooner rather than later and maybe withdrawals take a few business days to settle.

[@BryanInvest]

Thanks for the comment mate! You have the right attitude with investing. All the best with your journey 👍

[@TimJohns-g1m]

GOLD, thanks. I am a new starter and you have good clear advise.

[@BryanInvest]

Cheers mate. Good luck with everything 👍

[@Sam-vl3iv]

Is there a minimum amount you can use per trade? Is it possible to have a good risk manegment with a 200 dollar Account on Cmc market? (For Forex trading)

[@MattC185]

Hi Bryan, let’s say you have a HIN with Stake and then you get another HIN when you open up an account with CMC , are there any fees if you ever want to combine the HINs and say move your CMC over to Stake in the future?

[@BryanInvest]

Depending on the broker, there may be a fee involved. Some brokers (like Stake) currently offer free shares transfer to their account. Best to double check the broker you’re interested in transferring to. www.cmcmarkets.com/en-au/stockbroking/transferring-shares hellostake.com/au/transfer/aus

[@LexyLexer]

Gold, But also why do you recommend Stake when Pearler has that auto debit function?

[@BryanInvest]

Thanks mate! Depends what you value. Stake’s brokerage fee is more than twice as cheap. And you could easily get 12 months of free brokerage. Plus I really like the app design. Some people don’t mind manually investing every week, fortnight, or month. Pearler is the only chess sponsored broker that offers auto investing so by default they would win if that’s what people value the most. To each their own 👊

[@nicholasbethencourt1674]

Bryan, what's the biggest difference between buying stock with an app like stake that you own the shares you buy or with an app like Sharesies that you don't actually own it. I feel more comfortable with micro transactions, that's something I can do with Sharesies but not with stake. Am I missing something by trading like that?

[@BryanInvest]

Basically if an app is chess sponsored (like Stake) then you own the shares directly. Your name is recorded on the ASX database so if something ever happens to your broker, your shares are easily identifiable. You can also transfer your shares to another broker and set up automatic dividend reinvestments. Using an app like Sharesies is still safe but you are under a custodian model meaning you don't own the shares directly. So you have less flexible to do the things I just mentioned. Value wise, you don't really miss anything. 1 CBA share is worth the same in Sharesies, Commsec, Stake or Superhero.

[@littleevilpro]

Bryan now that I have got over the shock of minimum marketable parcel. I would like to know your opinion on interactive brokers. What is their price structure for Australia.

[@finsightfulwealth]

Fantastic comparison of online brokers for investing in the Australian stock market! It’s great to see such a thorough analysis, focusing on brokerage fees, security, and CHESS sponsorship. Your emphasis on finding a broker with low fees and high security is super helpful for beginners. I’m curious, among your top three picks, which would you recommend for someone primarily interested in long-term investing with a focus on diversification? Also, how do these platforms fare in terms of user experience and customer support?

[@carlosyanez345]

Thanks mate, is stake in the ASIC? Also, I couldn't find the inactive fee.

[@BryanInvest]

Yep, all the brokers on this list are ASIC approved.

[@mystockmarket7759]

Hi, I have a question (it's probably a silly one). CMC's inactivity fee of $15 per month means that I have to invest at least once a month, right? For example, if I invest 4 times a year, do I still need to pay the fee? I am debating between CMC and Stake. Thank you and keep up the good work. I love your videos.

[@BryanInvest]

Hey mate, not a silly question at all. It’s supposed to be $15 per year. However, I’ve been told it’s only for CFDs so I don’t think it applies to stocks. Either way, you can’t go wrong which ever you pick! All the best 👊

[@mystockmarket7759]

@@BryanInvest Thank you!

[@biffcube]

Gold! Bryan - is Stake still your current #1 recommended, or has it changed? Great vid btw, thank you!

[@BryanInvest]

Stake is still great. However, there’s other equally good options now.

[@carlosyanez345]

Thanks mate, is stake in the ASIC? Also, I couldn't find CMC inactive fee in their website, perhaps it change?

[@BryanInvest]

They don't openly advertise it but it's still in their FAQ: www.cmcmarkets.com/en-au/support/faqs/charges

[@lindacharlton8776]

Gold! Just found your channel and love your vids. Thanks Bryan

[@BryanInvest]

Thanks for watching Linda! I’m glad you enjoy it 😊

[@Jim-Greek]

That’s Gold Bryan 👍🏽 Quick question. Are these platforms used for lump sum index investing or single stocks purchases?

[@BryanInvest]

You can use them for either. All the brokers on this list will allow you to buy ETFs or single companies.

[@Jim-Greek]

Thanks Legend 🍻

[@fabiocappuccini7178]

thanks for the video, how can i reinvest my dividends if i m using Stake? thank you

[@BryanInvest]

No worries Fabio. Yes, you can for all Chess Sponsored Brokers (which includes Stake). Check out this video: kzbin.info/www/bejne/mqTCYpSidq-aiqs

[@jimmyzhang0305]

Hi Bryan, does Stake or CMC charge a currency conversion fee when we buy US stocks? If so, which one has the lower fees? Thankyou

[@BryanInvest]

Looks like CMC (0.6%) slight lower than Stake (0.7%).

[@jimmyzhang0305]

@@BryanInvest hey Bryan, so I started using Stake. But they don't have a dividend reinvestment option. Wtf? Who doesn't allow reinvestment??? Any suggestions? Thankyou in advance

[@daphnes7375]

Gold! Love your content!! I used to study in Australia and have some money that I would like to invest in ETFs, but realized that most of the platforms only allow residents to sign up. May I ask if you have any recommendations for platforms that allow non-residents to sign up (transactions will be tied to Australian bank account)?

[@BryanInvest]

Hey mate, thanks a lot! I believe Commsec could let you do this. Check them out.

[@jameswu1740]

Can u review or give some clarification regarding buy US shares and ETF though the Australian trading platform.

[@mooreover12]

Cheers Bryan. Can I ask if CMC markets offer international trades? I already have a stake account. (gold)

[@BryanInvest]

Yes, they do. They charge 0 brokerage for international shares but watch out for their FX fees.

[@Oyeah884]

This. This right here is the channel I've been looking for.

[@BryanInvest]

I appreciate that mate. Welcome to the community 😃

[@Oyeah884]

I got approved for a CMC account today. I'm going to invest $500/month every month@@BryanInvest

[@jaycris6338]

GOLD! Thanks mate! I know that this is somehow inclined to my questions previously in your videos. Happy to know the chess sponsored. Looks like that is my turning point not to go with vanguard for now.

[@BryanInvest]

Thanks for watching Jay. Yep. I’m quite disappointed in Vanguard given I’m such a fanboy!

[@crlarama]

Gold!! 👏 Could we have a special video about nice tips on what to be mindful when buying and selling at Stake, please? That would be much appreciated 😊 I struggle with the differences between Limit order, Market order and Stop order.

[@BryanInvest]

Thanks for watching! I actually show how to buy a stock using Stake in this video: kzbin.info/www/bejne/kIq9oImXptSio80

[@est02]

I have been thinking of trying to invest in US stocks, but the only holding me back is the complicated tax report. Do i file the tax myself? Or the brokers file them on my behalf? Which form? Gosh IRS is so complicated.

[@BryanInvest]

Usually the broker will file something called a W8 form for you. This is basically a tax treaty we have with the US that ensures we are not double taxed. The broker will normally send you a break down of your buy and sell order then you can work any capital gains yourself. Moomoo currently has a good promo if you're looking to start: kzbin.info/www/bejne/fGe6mHeHf559jtk Also, here are a few articles that may help explain more about investing in US stocks from Australia: www.commsec.com.au/w-8ben community.ato.gov.au/s/question/a0J9s0000001CWx/p00024474

[@evangelineolaer8]

Hi Bryan, interesting content. What if planning to use the stake broker (for example fee of a $3.00 only), is the minimum amount of investment to be $3000.00? What if a beginning investment is $1000.00? Can it be possible? Thank you for sharing.

[@BryanInvest]

Absolutely it's possible. With Chess sponsored brokers (including Stake), you have to invest a minimum of $500 whenever you're buying a stock for the first time. Then afterwards, you can invest how ever much you want. With a non Chess sponsored broker, there is no minimum limit to how much you can invest in.

[@kaithrupp-probst750]

Great video. I have been watching you for a while now and think that your videos are great, especially for beginners. I think you should creat a video on asset allocation and demonstrate how you can incorporate the David Swenson model as an Australian

[@BryanInvest]

Thank you, Kai. I appreciate that. That’s a wonderful video idea that I’ve now put on the list 👍

[@sonyagilani6407]

Hi Bryan thank you for sharing all your knowledge. Your videos are very informative. Appreciate your hard work. I have just recently started following you for the guidance to start invest in shares however I have noticed there are no shares available for Virgin Australia in CommSec or CommSec pocket which is strange?

[@BryanInvest]

Hey Sonya, well done on starting your investing journey! I’m proud of you. Unfortunately, Virgin Australia went into voluntary administration in 2020 so has been delisted from the ASX. Also, Commsec pocket only has 10 ETFs you can choose from so you won’t be able to find other stocks on there.

[@agneswong6165]

Hi Bryan, is stake a big and safe broker to invest with? Am i protected by the Australia government if any bankruptcy?thanks

[@BryanInvest]

Any chess sponsored broker (including Stake) is protected by the ASX. If a broker goes bankrupt, they don’t own your shares. You will be given an opportunity to sell it or transfer it to another broker.

[@swenq4205]

Thank you Bryan for this one and all other videos. One of Pearler’s ETF is Aussie +Global (Vanguard) if it’s part of your portfolio, wondering if you know what exactly how much of each ETF do I buy?

[@BryanInvest]

No worries Swen. Global is usually around 70% US companies. There is no correct or fixed ratio you have to follow. However, I noticed that a lot of investors in the finance community go for a 60/40 or 70/30 US/AU split. The thinking is that Australian stocks only make up 2% of the global market and US stocks make up about 60%.

[@swenq4205]

@@BryanInvest Thanks heaps:)

[@danielfranco5794]

Hey Bryan! I'm about to start my investments journey and I've decided to dollar cost average. In your opinion, what's the best way to do it when a broker doesn't allow to buy fractional shares? Thank you 😀

[@BryanInvest]

Hey Daniel, that's amazing. Congrats on starting your journey. With DCA, you don't have to follow it to a tee. If you decide to invest $1,000 per month, most brokers will allow you to enter $1,000 and it will automatically round it to the nearest share unit. Or you can just manually work out the nearest units of shares you want to invest in. So you don't need to worry about hitting $1K exact every time :)

[@danielfranco5794]

@@BryanInvest Cheers Bryan!

[@yamdangaming5341]

GOLD!!! Thank you Bryan. Curious to know if CMC would still charge the account inactivity fee if no trades or deposits are made at all?

[@BryanInvest]

Cheers mate! Yeah, they will charge $15 if there are no activities for 12 months. But to be honest, that is peanuts in the grand scheme of things.

[@brandoarimborgo5555]

Hey Bryan, big fan of your videos, especially for australian viewers! I was wondering if you could give some guidance on which platforms allow you to dollar cost average, as I set up a CMC account but this is not offered, so I am looking for the next best platform. Thanks.

[@BryanInvest]

Hey Brando, do you mean a platform that allows you to auto invest? If so, Pearler is probably the best from this list. They are one of the few platforms that have an auto invest function.

[@ionshrestha8826]

If i have already opened Common wealth account and already have commsec account and HIN . Should i have to open CDIA account for less brokerage fee??

[@BryanInvest]

Yes, you will still need a CDIA to get the cheaper brokerage.

[@samup1999]

Do you do index options trading on ASX ? Which broker do you recommend ?

[@badadviceforfree]

Gold. Thanks heaps youre my fav so far on this topic, really easy to follow

[@BryanInvest]

Thanks a lot! I really appreciate it 💙

[@katysimcock2299]

Gold. I am just starting out researching investing with the plan to get into it soon. So far the videos I have watched of yours have been really helpful and so thank you.

[@BryanInvest]

Thanks so much! Keep up the research 🧐

[@isabellashirley7503]

What are your thoughts on Spaceship? I'm a bit confused because it doesn't seem to require a broker.

[@BryanInvest]

They’re pretty good too. It’s similar to RAIZ. They are known as a micro investing app which means you’re not really investing in a share via the ASX. So, there is no brokerage fee. You just invest in a few selected funds they have. They also charge a monthly fee for their services.

[@SKS-10]

Gold. Honestly I would've gone for something like commsec without ever knowing about how cheap and good Stake is. Thanks a lot. And also does a share portfolio become inactive if I haven't made any purchases or sold anything in 12 months?

[@BryanInvest]

Awesome! Glad it helped. No, once you buy the shares, you basically own it for life until you sell it. They never go inactive. However, some brokers may charge you a 12 months ‘inactivity fee’ for holding your shares for you if you have not bought or sold shares within that time.

[@SKS-10]

@@BryanInvest OK thanks a lot, will help me decide my broker

[@skfjgh]

Hi Bryan. Which platform you use to invest US etfs?

[@BryanInvest]

I’m currently using Moomoo. Happy with it so far. Cheap fees and good research tools. They have a deal where they’re offering 180 days of free brokerage to new investors (expires on 31 Jan 24 if you want to lock it in): j.moomoo.com/00A1xQ

[@peggypoon-n3j]

Gold. I don’t know anything about investing. Thank you for making it so simple

[@BryanInvest]

Cheers mate. We all start from somewhere. Keep learning. You’ll do great 💪

[@I_Explorerr]

Which one is good operable if I leave Australia?

[@sanashirin3870]

Hey Bryan! Can you explain how to research a company, do you look for any guidelines when you decide to invest? Other than the top 200/300? Thank you so much for these videos im learning so much!!

[@BryanInvest]

I'm currently working on a how to research stocks video! Stay tuned :) ps. thanks for your support. Happy to have you with us!

[@kenkvin]

Can you please make a video for newbies on Technical Analysis and also how to screen stocks and ETFs?

[@BryanInvest]

Absolutely. I'll put these on the video idea list!

[@aonesbutterfly1229]

Hi Bryan dose Stake do dividend reinvestment I have a couple of shares with superhero but they don’t have this option and I am loosing out thanks

[@BryanInvest]

Yes they do. However, it's not Stake themselves that does it. Basically if you invest in shares using any chess sponsored broker, then you will be able to set up DRP using the share registry that your stock is signed up to. Since Superhero is not chess sponsored, technically the shares you bought are still under their ownership and as such the dividends are paid to them (and they pass them onto you). Check out this video if you want to learn how to set up DRP: kzbin.info/www/bejne/mqTCYpSidq-aiqs

[@Team_Daniel_Eva_Belle]

Great video! How about Webull now that it’s in Australia ?

[@BryanInvest]

It's not bad but there are better options for Aussie stocks.

[@yashasshriealwis9328]

How do we find all the financial reports and interim reports of stocks we are looking for

[@BryanInvest]

You can find them on the ASX website or the individual company's website on the investor relations page. Or if you use Commsec, you search for each company's reports on there.

[@yashasshriealwis9328]

@BryanInvest Thanks a lot, appreciate your help

[@atrini]

Cmc market says they do not have inactivity fee for trading account when i inquire thru chat support. This is mis info on your video. They said the inactivity fee was for cfd account. Good content though. Im looking for investing for my kids and cmc market may fit for dca and they have kids trust accnt.

[@BryanInvest]

Thanks for sharing mate. Yeah, a few people have mentioned that CMC only charges inactivity fees for CFD accounts. However, I'm still uncomfortable with them listing it on their FAQ page. It doesn't mention that it's only CFDs. www.cmcmarkets.com/en-au/support/faqs/charges Anyhoo, even if you're charged $15, its peanuts in the grand scheme of things so not a big issue.

[@lisaslater5676]

GOLD! Thanks for sharing absolute gold!

[@BryanInvest]

Thanks Lisa! Appreciate your support 💛

[@gabrieledelaborda6569]

Hi and Webull , I think I saw that page in other of your videos

[@BryanInvest]

Great option 👍

[@jpereira715]

Hey Bryan, this information js GOLD! I just stumbled on your channel and this is great when it comes to picking up platforms for trading, however, its been a year since this video and I wanted to see if some of these traders still hold up!

[@BryanInvest]

Thanks mate. Yeah, I’ll do an updated video soon!

[@JessicaClarke-nu6de]

What a golden video! Fantastic information for a newbie like me. Thank you for all the helpful videos. Please keep them coming! 💜

[@BryanInvest]

Thank you so much for the kind words 😊 There are many more videos to come!

[@La-vc6nt]

​@@BryanInvestAll praise is richly deserved. This is the first of your videos, that I was fortunate enough two stumble across, but it was extremely well done Many Thanks! 👍👌

[@Jadnner]

Honest question. Why would someone want to invest exclusively in ASX ETFs? For me it's vital having access to the US market, as well as the international.

[@BryanInvest]

I agree with you. However, some may only want to invest in things they understand or what they can experience themselves.

[@edwintan6753]

GOLD. I find your content very helpful. Thank you :)

[@BryanInvest]

Thanks Edwin. Much appreciated 👊

[@IanPHolland]

As a newbie to investing I think your videos are GOLD! Thanks!

[@BryanInvest]

Thanks Ian! I appreciate that 👊

[@WhiteD88]

Another great informative video mate absolute GOLD 👍

[@BryanInvest]

I appreciate that Dylan 👊

[@shankarroy5862]

Bryan do you conduct any classes or provide personal help?

[@BryanInvest]

Hey mate, sorry no I don't at the moment. I only make these videos for now.

[@shankarroy5862]

👍

[@SuperSlimShaady]

Hi Bryan. Noting that CMC/Stake have the best brokerage fees for purchasing at the current date. However, for when we eventually want to sell (assuming current fees), which broker has the best fees for selling? Is it wise to buy with one broker and sell using another? Are there fees involved in transferring shares between brokers?

[@yhmunna5127]

following

[@Michael_Beazley]

Using Commsec just started investing hopefully get the GOLD at the end of the rainbow. What would you recommend for day trading?

[@BryanInvest]

I’m not really a day trader but Moo Moo looks like it has a powerful system although I haven’t tried it yet.

[@lezan231]

Thanks for the overview!

[@BryanInvest]

Thanks for watching ☺️

[@orrwhat8686]

Pure GOLD. I currently use nabtrade, having a look at Stake. Brokerage looks good, but the 0.5% funding fee is a bit of a deterrent. Spending $5 to put $1K in there, then $3 to invest it, makes the overall charge very similar to nabtrade, and probably goes even higher than some of it's competitors as the amounts increase. Might be good to do another breakdown including other charges aside from just brokerage

[@BryanInvest]

Thanks mate! The 0.5% funding fee is only if you fund with a credit/debit card (which I don’t recommend). So it’s free if it’s just a normal bank transfer.

[@stirech]

This interaction was very informative for me, so as to consider other possible hidden fees. Thanks @orrwhat8686 for initial comment and @BryanInvest for the time to respond and of course for the vid.

[@ryanandtech3164]

I know this is probably a dumb question, are you allowed to use more than one platform, is there any sort of law on this?

[@BryanInvest]

Not a dumb question at all mate. You can have as many account as you want on multiple platforms. The only downside is it may make it harder for you to track all your shares. However, I think having a few is optimal so you can use the one that has the cheapest fee at the time.

[@sirjanakhandthakuri9403]

Thank you Bryan, watching your video about how to invest on Comsec gave me my first few investments. And after watching this video, I’ve gathered courage to explore more options. You are real GOLD 👏💕

[@BryanInvest]

Thanks Sirjana. I’m very happy you have started your investing journey. Wishing you all the best 💛

[@Twnzgal]

You are the GOLD Bryan thank you so much for explaining it in such detailed for us .:)

[@BryanInvest]

Thank you for the nice comment! ☺️

[@lockiebok]

Gold Still trying to decide between stake and pearler looking at long term investment with frequent deposits every fortnight I like pearler but also like stake

[@BryanInvest]

I had a lot of trouble splitting them. Just go with the one you vibe with. You really can’t go wrong!

[@akamechan8368]

Hello, how about Charles Schwab? Can we open & use Charles Schwab in Australia?

[@BryanInvest]

Unfortunately not available in Australia.

[@AndrewPorko]

This video was pure gold.

[@BryanInvest]

Cheers legend 👊

[@gregcoles1613]

well spoken, fast and to the point, great vid thanks.

[@BryanInvest]

Cheers Greg! I'm glad someone enjoys my fast pace style 😄

[@edturpn5502]

Which ones best for trading call/put options?

[@adamsymes9684]

Gold ,, thanks mate that was very helpful 👍 I'm just starting out

[@BryanInvest]

Cheers mate! Glad it helped you out. Good luck with your investing journey 👊

[@kateglastic9826]

GOLD..thankyou..total newbie and this is the first video that my eyes didn't glaze over😅

[@BryanInvest]

Haha glad to hear, Kate! 👍

[@utredragnarson6958]

The CMC markets inactivity fee is for CFD accounts only, not sharebroking.

[@jakeoneill9302]

Gold.. do you update this clip per year for platform

[@BryanInvest]

Yes, I will be releasing a 2024 version soon!

[@jruss1982]

Thanks Bryan for your GOLD video. Appreciate the insight!

[@BryanInvest]

Thanks for watching 👍

[@shagmesilly78]

Hi Bryan, Thanks for the video. Much appreciated. With regards to Stake..... I'm seeing more and more people having issues taking their money/holdings out of Stake. This video was done 1 year ago, have you had any issues since? I really like their interface.... it's clean, easy to use. But if you can't get your money out, whats the point of it!

[@BryanInvest]

Hmm....I haven't had trouble with my account. I haven't seen too many people complain about withdrawal tbh. If this was happening to many people, I feel like there would be bigger news about it since Stake is quite a popular broker. I also like Stake's interface.

[@shagmesilly78]

@@BryanInvest Hi Bryan, I'm super happy to hear you haven't had issues! The feedback I was referring to was this video made by The Electric Viking. kzbin.info/www/bejne/i2iWfmWpndGDnZY If you read the comment section, there are quite a few people having issues too. Anyway, hopefully that sort of thing isn't happening anymore to people!

[@fifis101]

Soooo you can use a CHESS platform to buy international stocks but those stocks won't be covered under the CHESS model?

[@BryanInvest]

Yes, CHESS is an Australian thing so it only applies to Aussie stocks. There is no CHESS equivalent in America. All US stocks are usually stored on a custodial model.

[@stevied3006]

Gold! Thanks very much for your review. Very helpful. 🙂

[@BryanInvest]

Glad to hear it! Thanks for the nice comment 😄

[@SidharthKaushik]

CMC markets does take a fee in Australia, website is showing for US and CAD clients.

[@BryanInvest]

Yep. I did mention it charges $11 for buys higher than $1,000. It’s only free brokerage for stocks up to $1,000 value.

[@amalvarezo]

Gold!! Very valuable information. Thanks for taking the time to research and evaluate all these brokers

[@BryanInvest]

You're welcome mate. Thanks for watching! 👍

[@borisj4054]

You did not cover Bell Direct. How do they compare?

[@penfold357007]

Very comprehensive. Thank you for sharing your content.

[@BryanInvest]

Thanks for the kind words mate 👍

[@davidrose2382]

Are you paid by consecutive or any other broker

[@BryanInvest]

Hey David, no I'm not. These are my personal opinions and not meant to influence which broker you use.

[@IronChefShellie]

I had narrowed it down to 3 in my own research and good to know you agree with the 3 I had narrowed it down to, but still not sure where to go! I think the sexiness of the Stake app might win me over though. Thank you for sharing.

[@BryanInvest]

Definitely agree with you on the sexiness of the Stake app. It's a joy to use.

[@thehealthymindsethub]

Great comparison video. Thank you that's gold.

[@BryanInvest]

Thanks for the nice comment 👍

[@petejames1326]

@@BryanInvest do you think superhero will always have US stocks traded for FREE? or do you think eventually even in a year or two they will have to put a $2 or $3 fee for US trades? cheers

[@BryanInvest]

@@petejames1326 hard to say in the long term. As long as there's competition with new brokers coming in, I would expect the fees to stay low for the short term (< 5 years).

[@petejames1326]

@@BryanInvest the 0.7% currency fee which makes it 1% with the AUD$-$us conversion already makes it high, the only good thing is say you convert $5000 to US$ it will cost like AUD$53 currently, but that means you can trade as many times as you like minimum US$10 a trade, so in that way its ok i guess, especially like me, i have about 50 US stocks on my watchlist that i wanna eventually buy up big when markets crash, by the way, when you convert your AUD$ to US$ on superhero, where do those US$ go? i know it shows up in my account but which bank exactly are they in when the cash is just sitting there

[@tesatarot7105]

what is the best platform for S&P 500 ETF

[@BryanInvest]

If you mean the S&P 500 ETF on the ASX then that’s IVV and it’s available in any Australian online broker. I currently use Moomoo but there’s a lot of other good options like Stake, Pearler, CMC etc.

[@joelworsley3591]

I just made a trade for Vas on commsec and paid the $29 brokerage fee 😅 after seeing this video i wish i bought them on stake, would of saved me over $20!! Great vid as always Bryan!

[@BryanInvest]

Spewing! Haha, don't worry about it mate. It happens to all of us at the beginning. Keep at it 👊

[@joelworsley3591]

​@@BryanInvest I was also wondering roughly how often and how much to invest, like what percentage of my income should I invest

[@BryanInvest]

@@joelworsley3591 There's really no rules. Just whatever you can afford after living expenses. I would say 10% is a good number to target. Just make sure you have an emergency fund and have paid off all high interest debt (credit cards, personal loans) first.

[@joelworsley3591]

​@@BryanInvest thank you Soo much for the replies! Keep up the great work

[@yabanjin5296]

I’m new to Australia and currently using Pearler and dollar cost averaging IVV index fund, but Pearler doesn’t give me the option to select which batch to sell! Apparently you just tell ATO whatever & they accept manual tracking in excel! This is complete cowboy here. I’m told that’s the case for all Australian brokers. Is that true? In the US with Etrade you can select exactly which stock batch to sell giving you clear cost basis and date of purchase critical for CGT calculations

[@BryanInvest]

Yes, most brokers from my experience work this way. You need to keep a manual record of your batches if you want to sell the cheapest one to sell. Alternatively, you pay for services like Sharesight or Navexa to track this for you.

[@yabanjin5296]

@@BryanInvest thanks heaps! Also, we are a 40yr old couple with ~$2M in stock and own $1.5M equity in our $3M home looking to retire in Thailand with around $6k/mo post tax. + $600k in super/401k retirement accounts. Anyways, have you published any videos we might benefit from watching or resources you recommend? Mainly looking to restructure the stock portfolio to reduced volatility/reduce risk and draw down strategies to minimize tax liabilities. Better yet, if you can make a video on how you might approach this FIRE. Cheers!!

[@dhanushvelgonda3201]

Gold. Downloading stake now. Thanks.

[@BryanInvest]

Good luck mate 👍

[@jackelz99]

There are no Inactivity fees for the share trading Platform for CMC Markets. That is only for the CFD trading platform.

[@BryanInvest]

That’s great. A few people have told me this but I still see this on their website: www.cmcmarkets.com/en-au/support/faqs/charges

[@jackelz99]

@BryanInvest I have been investing on the CMC Markets platform for over 3 years now. One of which i was inactive for the better part of a year and I was never charged an inactivity fee. If you expand the charges FAQ it actually has inactivity fees in USD and HKG. That I know for a fact is for CFDs only.

[@BryanInvest]

@@jackelz99 Ah that's awesome to know! I will definitely update this in a future video. Thank you for sharing mate 😊

[@here_we_are1427]

Thanks for the great Video Bryan, CMC will charge inactivity fees only after 12 months of inactivity ,If we do the SIP (systematic Investment plan) everymonth on ETF then it is great platform and save good amount brokage fees in long term given that it is chess sponsored.

[@BryanInvest]

Absolutely! I totally agree. It’s an awesome option if you just want to dollar cost average.

[@cooper8d60]

I’m even closer to jumping into the stock market now, thanks to you. GOLD. Appreciate your content.

[@BryanInvest]

Awesome mate! I hope 2024 is prosperous year for you 👍