Free Brokerage Trading Apps Like Robinbood

yjun355 on 07/10/2024 - 10:04

Just curious if Australia has free brokerage trading apps like robinhood.
Understand risks with robinhood but its good for people starting out and learning with small amount of investment. Otherwise, with $9 brokerage per trade (example Commsec) means you need decent amount per trade.

Also is Hotcopper best forum in terms of investment and trading community?

Financial

Comments

  • Ocker on 07/10/2024 - 10:22
    +1

    Hotcopper is a cesspool of stock rampers and a minefield for the inexperienced.

    • yjun355 on 07/10/2024 - 11:02

      Great to know.
      Any other forum recommendation that is more of community based like we have ozbargain or we have propertychat for property?

    • HamBoi69 on 07/10/2024 - 11:55

      And full of day-traders

  • redforever on 07/10/2024 - 11:10

    Not free but have a look at stake. Fee is $3 per trade for trades less tham 30k.

    • MITM on 08/10/2024 - 14:48

      Have to use Stake FX rates in and out.

  • Dollar General on 07/10/2024 - 11:25

    When you look into brokers, check who holds the HIN - you or the broker. Cheap brokers use an omnibus which means legally they own the shares, not you

    • yjun355 on 07/10/2024 - 11:28

      Good tip. But that's ok if they do hold if saves brokerage. Boy looking to invest large sums

  • skid on 07/10/2024 - 11:42
    +2

    CMC is free brokerage for parcels under $1000 per security per day.

    https://www.cmcmarkets.com/en-au/stockbroking/pricing

    • yjun355 on 07/10/2024 - 11:51

      Thanks. This is good

    • aneil915 on 07/10/2024 - 16:36

      +1 for CMC

  • JimmyF on 07/10/2024 - 11:53

    Superhero is $2 trades up to $20k or 0.01% for trades above A$20,000.

  • buynnjy on 16/10/2024 - 01:24

    Anu thoughts on moo moo

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