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Finder's rating: 4.7/5
★★★★★
AUD $11 or 0.1%
Standard brokerage fee
ASX, NASDAQ, NYSE, London Stock Exchange, AMEX, Euronext, Hong Kong Stock Exchange, And more
Available markets
Phone, Email, Live chat
Support
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Type of broker |
Online only |
---|---|
ASX products |
Shares Exchange traded options Exchange traded funds Warrants TRaCRS |
Available markets |
ASX NASDAQ NYSE London Stock Exchange AMEX Euronext Hong Kong Stock Exchange And more |
Standard brokerage |
AUD $11 or 0.1% |
Support |
Phone Live chat |
You can invest in the following products with a CMC Markets Stockbroking Account:
Fees |
★★★★★ 4.4/5 |
|
Trading tools |
★★★★★ 2.9/5 |
|
Research and education |
★★★★★ 2.6/5 |
|
Available countries |
★★★★★ 4/5 |
|
Available securities |
★★★★★ 5/5 |
|
Customer support |
★★★★★ 4/5 |
CMC Markets offers three membership options: Classic, Active Investor and Premium Trader.
Membership option | Description | To qualify | ASX Brokerage rates |
---|---|---|---|
Classic | CMC Markets’ standard platform with low brokerage fees and a host of features | Make a maximum of 10 trades per month | First 10 trades: $11 or 0.10% 11th to 30th trade: $9.90 or 0.08% 31st+ trade: $9.90 or 0.075% |
Active Investor | All the features of Classic plus free live data, free access to daily technical analysis emails and technical analysis data, and access to eScreener research reports | Make 11-30 trades per month OR Make more than 5 trades and incur more than $500 in brokerage per month | First 10 trades: $9.90 or 0.10% 11th to 30th trade: $9.90 or 0.08%31st+ trade: $9.90 or 0.075% |
Premium Trader | All the CMC Markets Active Investor features plus free live or dynamic data, exclusive access to CMC Premium Client events and educational resources, free tax and portfolio reporting | Make more than 30 trades per month | All trades: $9.90 or 0.075% |
If you need assistance with your CMC Markets Stockbroking Account, you can contact CMC Markets to speak with an experienced representative. Support options include phone, email and live online chat.
A range of educational resources are offered online, including webinars, trading guides, videos and instructional articles. While many resources are available for free, Premium Trader customers get access to the full range of educational resources.
As you can see in the table above, the brokerage fees charged by CMC Markets depends on your membership tier, but they can be as low as $9.90 or 0.075% (whichever is greater) for online trades. Phone trades will incur a brokerage fee of $59.95.
If you have any remaining funds after trade sitting in your CMC Account (which sits with Bank West), you'll be charged an annual broker service fee of 1%. Bank West also charges an account fee of 0.75% for any funds of less than $10,000. So if you have less than $10,000 in the fund, you're charged 1.75% p.a.
The other fees you will have to contend with concern your access to market data. While 20-minute delayed market data is available for free, customers can also choose live data or dynamic data ($41.25 per month). However, as the table above demonstrates, these monthly fees will be rebated if you make a certain number of trades each month and move up through the membership tiers.
If you'd like to sign up for a CMC Markets Stockbroking Account, click ‘apply now’ to be securely redirected to an online application form.
Before you start the application process, make sure you have the following information handy: