So I'm just looking to get into the stocks now, been considering it since high school but i'm very prone to procratination…
Unfortunately look like I JUT missed the $1000 nabtrade offer, so I'm looking for alternatives as theonly ones I know of are commsec (which from what I remember years back charges something like $20 per transaction?) and selfwealth, which I jut came across in the nabtrade comments. Are there any go-to accounts people opening for the first time usually go for? Any referral deals or some such? Free trades?
Any Ways to Avoid Brokerage Fees for New Trader?
![](https://files.ozbargain.com.au/g/38.jpg)
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Maybe I'm misunderstanding you?
https://www.commsec.com.au/support/rates-and-fees.html
plan to trade in low thousands
https://www.commbank.com.au/guidance/newsroom/commsec-pocket…
Or main site -
$10.00 (Up to and including $1,000)$19.95 (Over $1,000 up to $10,000 (inclusive))
To compare:
SelfWealth -
$9.50 (Up to and including $1,000)
$9.50 (Over $1,000 up to $10,000 (inclusive))For low thousands, eg. $3000, $10 difference in brokerage is a fair bit. 0.33% more of your capital spent on brokerage.
SelfWealth with 5 bonus trades when signing up with Ozbargain referral, then only $9.50 flat brokerage after that.
you have been procastinating that proof reading course (i have probrably made mistakes myself)
You are correct. I was sleepy and in a rush because my niece was upset. But you are correct.
If your share parcels are so small that $20 brokerage makes a difference to the long term outcome then you probably should save a bit more and buy bigger quantities like $5k at a time.
If you think $5k is too much to risk then it's not a company worth buying or you haven't done sufficient analysis to make you confident in your purchase.
Commsec generally offers something similar.
To bw honest brokerage is only a small percentage of your trade on $20k investment its 0.09% (assuming $20).
If you are looking at doing just small trades like <$1k, look at commsecgo or similar.
Youre better off looking for a broker that suits your needs rather get sucked in for these gimics.