Any Ways to Avoid Brokerage Fees for New Trader?

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  [Deactivated] on 14/01/2020 - 23:15

  +1

  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.

  • 

    MatrixM on 14/01/2020 - 23:35

    Maybe I'm misunderstanding you?

    https://www.commsec.com.au/support/rates-and-fees.html

    plan to trade in low thousands

    • 

      [Deactivated] on 14/01/2020 - 23:41

      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))

      • 

        HeavenlyHammocks on 15/01/2020 - 00:17

        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.

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  HeavenlyHammocks on 14/01/2020 - 23:26

  +1

  SelfWealth with 5 bonus trades when signing up with Ozbargain referral, then only $9.50 flat brokerage after that.

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  Donaldhump on 15/01/2020 - 00:09

  you have been procastinating that proof reading course (i have probrably made mistakes myself)

  • 

    MatrixM on 15/01/2020 - 18:11

    You are correct. I was sleepy and in a rush because my niece was upset. But you are correct.

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  brad1-8tsi on 15/01/2020 - 08:27

  +1

  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.