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.

Updated October 21st, 2019
Name Product Monthly fee Standard Brokerage Fee Margin trading - Online
$0
$8.00 or 0.1%
Yes
Special offer: Earn up to 10,000 Qantas Points when you start trading on a new IG Share Trading account. T&C applies.
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.
$0
$6.99 or 0.1%
Yes
High quality, low-cost brokerage on global share trading.
Access up to 19,000 global stocks on 36 of the world’s major stock exchanges and enjoy some of the most competitive FX rates on the the market when you trade with Saxo Capital Markets.
$0
$9.50
No
Trade ASX-listed shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
$0
$15 for first 10 trades
Yes
Offer: For a limited time, get a custom deal based on your trading preferences when you switch to Bell Direct.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
$0
$11 or 0.1% for first 10 trades (for trade value up to $11,000)
Yes
Access a broad range of investment products from Australia and overseas.
Take advantage of IPOs and trade shares, warrants, options and CFDs listed across the ASX, SSX and Chi-X, and other major global exchanges, including US, Canada and UK markets.

Compare up to 4 providers

Rates last updated October 21st, 2019
Details Features
IG CFD Trading
IG CFD Trading
Trade from over 10,000 markets with Australia's leading service for CFD trading and forex. Introductory offer: receive a reduced commission for the first two weeks. Commission - AUS shares: From 0.10% Go to site More info
FP Markets CFD Account
FP Markets CFD Account
Trade CFDs with FP Markets using the IRESSTrader platform. Trade CFDs on international equities, futures and forex. Commission - AUS shares: $10 or 0.10% Go to site More info
Pepperstone CFD
Pepperstone CFD
Trade stock indices on the global market, via Pepperstone's MetaTrader 4 and cTrader client terminals. Commission - AUS shares: Spread only Go to site More info

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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.

    • Avatarfinder Customer Care
      NikkiMay 30, 2019Staff

      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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