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nabtrade vs CommSec: Which should you apply for?

Compare the fees and features of CommSec and nabtrade to decide which account suits you.

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CommSec and nabtrade both offer popular Australian share trading accounts with similar fee structures. If you're tossing up between opening an account with one of the two, this guide is designed to help choose the best account for your needs.

Whether you're a long term share investor or a day trader, no two investors are alike. As a result, you need to compare the account features of CommSec and nabtrade that are most relevant to you.

Start with the comparison table and then read each of our CommSec and nabtrade share trading account reviews for a deeper look at the two accounts.

nabtrade vs CommSec features

In order to help you make a better informed decision, we've listed side by side, an overview of the CommSec and nabtrade share trading account's main features.

nabtrade
  • $14.95 per trade up to $5,000
  • $19.95 per trade over $5,000
  • 0.11% of trade value for trades over $20,000.00
  • Inactivity fee: No
CommSec
  • $10.00 per trade up to $1000 (with CommSec CDIA cash account)
  • $19.95 per trade between $1000 and $10,000 (with a CommSec CDIA cash account)
  • $29.95 per trade between $10,000 and $25,000 (with your own cash account)
  • 0.12% of trade value for trades over $25,000
  • Inactivity fee: No
nabtrade
  • All international markets: AU$14.95 for trades up to Up to $5,000
  • AU$19.95 for trades $5,000.01 - $20,000.00
  • 0.11% of trade value for trades over $20,000.01
  • FX fee: 0.50% to 0.80% of the trade transaction value
  • Inactivity fee: 0.50% of average daily international holding balance (payable monthly)
CommSec
  • North America: US$19.95 for trades up to US$5,000, US$29.95 for trades up to USD $10,000, 0.31% for trades above USD $10,000
  • Europe, Canada, Middle East, Asia Pacific: USD $39.95 or 0.40%, whichever is greater
  • FX fee: 0.60% of the trade transaction value
  • Inactivity fee: $25 per year
nabtrade
  • Free dynamic data: Latest market insights will help develop your investment strategy.
  • Advanced charting: Leverage nabtrade's charting tools to locate your next trading opportunity.
CommSec
  • Market insights: CommSec provide live share market data and reports, video tutorials, movements in stock prices and the latest market trends.
  • Executive interviews: Video interviews with leading industry figures discussing investment strategies and opportunities.
nabtrade
  • Order types: At market, limit order (with expiry date)
  • Global Scanner: Source strategies for both local and global stocks.
  • Real-time notifications: Keep up to date with any movements in share trading prices or volumes of shares traded.
CommSec
  • Order types: Market order, limit order (with expiry date)
  • Charting tools: These can help you compare stocks and assess their value.
  • Conditional orders: Using conditional orders can help you ensure your trades are placed even when you’re not actively assessing the market.
nabtrade
  • Trading Central: This provides strategic insights to help with the timing of your investments.
  • Wise-Owl.com: This identifies opportunities amongst ASX emerging companies.
  • Investing Insights: Investment newsletter, webinars, podcasts and events for nabtrade members.
CommSec
  • Research platform: With a diverse range of research tools and reports, you can make better informed investment decisions.
nabtrade
  • FAQ: nabtrade feature a comprehensive FAQ section.
  • Customer Care: You can contact a nabtrade customer service representative Monday-Friday 8am-8pm AEST.
CommSec
  • CommSec Advisory: This advisory platform helps you to increase your wealth by accessing resources and professional guidance.
  • Customer Care: You can contact a CommSec customer service representative Monday-Friday 8am-7pm AEST.
nabtrade
  • Access: Trade online with nabtrade using the IRESS Trader app- available on iOS.
  • Global Markets: Trade international shares across five markets, eight exchanges and over 10,000 global equities and exchange traded funds.
CommSec
  • Access: Manage your portfolio when you’re on the go with the free CommSec app, available on both iOS and Android.
  • Global Markets: Access over 25 global markets with professional stock recommendations to help you manage and diversify your portfolio.

Should you trade shares with CommSec or nabtrade?

Both platforms are good options. CommSec and nabtrade have features that will appeal to new investors and experienced share traders but there are a few differences in their fees structures.

Neither platform has inactivity or account fees for the basic Australian trading accounts, however the tiered brokerage fees will suit different investment styles. For example, if you intend to trade just a few hundred dollars each time, CommSec has a cheaper option at $10 brokerage, compared to nabtrade's fee of $14. Alternatively, if you trade anything above $1000, nabtrade has a better brokerage deal in many cases.

Meanwhile, the costs for overseas share trading is quite different. For example, CommSec's broker fee for US listed stocks us is upwards of $19.95, depending on the trade amount, while all other overseas markets are $39.95 and above.

On the other hand, nabtrade has the same fee (upwards of $14.95) regardless of the country the stock is listed in. Read our comprehensive CommSec vs nabtrade international trading comparison page for more details.

Placing a trade is a fairly similar set up on both CommSec and nabtrade, each platform offering market order or limit order trading types with optional expiry dates. The below images show what you'll see when you place a trade:

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CommSec trade order screen

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nabtrade order screen

Take a deeper look into the details of the CommSec and nabtrade share trading accounts. Click through the links below and take a look at our featured reviews of the two brokers.

  • CommSec share trading review - "With a CommSec share trading account, clients can buy shares online quickly, easily and most importantly, affordably. Whether via their browser or mobile app, CommSec clients have access to real time quotes, news and state of the art charting to help give them the competitive advantage required to succeed in the share market."
  • nabtrade online share trading review - "Whether you're a seasoned trader or someone who's new to the investment game, nabtrade simplifies the share trading process. The online trading platform has a user-friendly interface, comprehensive research and reporting available and a tiered service level tailored to your trading activity. Whatever type of trading you're looking to do, nabtrade can help you research, invest and optimise your trades and investments."

Compare share and CFD trading accounts

If neither CommSec or nabtrade look right for you, take a look at our guide on choosing the best online trading share trading platform or take a look at some of the brokers in the table below.

Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets International
IG Share Trading
Finder Award
IG Share Trading
AUD 8
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
Yes
Brokerage discount: $5 on Australian shares for active traders & $0 commission on US and global shares
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
eToro Share Trading (US stocks)
USD 0
USD 10 per month if there’s been no login for 12 months
Forex, CFDs, US shares
Yes
Zero brokerage share trading on US stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and forex from the one account.
Superhero share trading
AUD 5
No
ASX shares
No
Trade ASX stocks and ETFs with a flat $5 brokerage fee and a low minimum investment of just $100.
CMC Markets Stockbroking
AUD 11
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
Yes
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
ThinkMarkets Share Trading
AUD 8
No
ASX shares, ETFs
No
Fast sign-up: Start trading in just a few minutes
Switch between your ASX share trading account and your forex account on your mobile and access some of the lowest brokerage fees on the market with a flat $8 commission (until $200,000).
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Margin trading, Options trading
Yes
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares
Yes
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Compare up to 4 providers

Important: Share trading can be financially risky and the value of your investment can go down as well as up. Standard brokerage fee is the cost to trade $1,000 or less of ASX-listed shares and ETFs without any qualifications or special eligibility. If ASX shares aren’t available, the fee shown is for US shares.

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4 Responses

  1. Default Gravatar
    AndrewMay 29, 2019

    I need to sell my mothers shares. I have power of attorney. I’d like to see someone and not post the information back and forth. Who can I go to.

    • Default Gravatar
      NikkiMay 30, 2019

      Hi Andrew,

      Good day and thanks for your inquiry.

      You may refer to this page to choose and compare ASX brokers. Please take note that this service comes with a broker’s fee whenever you place a trade to buy or sell shares, so it’s worth your while to shop around for the online share trading platform that offers the lowest brokerage fees.

      Hope this helps!

      Best,
      Nikki

  2. Default Gravatar
    MaxJuly 16, 2016

    Hi : )

    Which one (Nabtrade vs Commsec) is better for international share trading (Mainly US)?

    Is my understanding correct that while Nabtrade offers a lower brokerage rate at $AUD 14.95/transaction, it charges a foreign currency exchange margin with every transaction.

    On the other hand, it appears that CommSec opens an US account (through Pershing LLC) and conduct transaction using this US account, hence avoiding the foreign exchange margin (unless of course you transfer money from the US account to the CommSec cash account).

    So while the Brokerage fee of CommSec appears higher ($US 19.95), the total cost per transaction between the two might end up being similar?

    Can you please provide further insight comparing the two platforms in regards to international share trading?

    Many thanks.

    Max

    • Avatarfinder Customer Care
      ClarizzaJuly 25, 2016Staff

      Hi Max,

      Thanks for your feedback and comment.

      We’ll be writing up a case study on this however, the answer will depend on the amount the person wants to trade.

      Regards,
      Clarizza

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