CommSec vs nabtrade: which one should you apply for?

nabtradevscommsec2Find out which account will suit you

CommSec and nabtrade both offer online share trading with competitive fees. This guide will help you choose the best option for your needs.

No two investors are alike, so there's no single platform we recommend for everyone. Someone who only wants to trade occasionally in Australian shares will have different needs to a dedicated day trader. Below, we've compared the features and products for CommSec and nabtrade to help you identify which one suits your share trading needs better.

Trade Account Features

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
  • 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
  • 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.
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.

Trade Account Products

nabtrade lets you trade with Australian shares and options, international shares, exchange traded funds (ETFs), cash management accounts and margin loans.

CommSec offers a greater selection of financial instruments to trade, including Australian shares, margin loans, cash accounts, managed funds, options, contracts for difference (CFDs), international shares, exchange traded funds (ETFs), interest rate securities and warrants.

Compare share and CFD trading accounts

Rates last updated November 19th, 2017
Name Product Monthly Fee Standard Brokerage Fee Margin trading - Online IPOs / Floats International Description
IG Share Trading
$0
$8
Yes
Yes
Yes
Low brokerage fees on Australian and international shares.
Saxo Capital Markets Share Trading
$0
$9.90
Yes
No
Yes
Access over 19,000 Australian and global shares.
CMC Markets Stockbroking Account
$0
$11
Yes
Yes
No
Trade shares, warrants, options, EFTs, managed funds, bonds and IPOs with CMC Markets today.
HalifaxOnline
$0
$14.95
Yes
Yes
Yes
Trade US and Australian shares, options, futures and CFDs with no registration fees. Trade 24/7 on your desktop, tablet or smartphone.
FP Markets Share Trading Account
$0
$14.95
No
No
Yes
Trade in ASX Stocks and CFDs, International CFDs, CFD Futures, Forex, Indices and Commodities.

Compare up to 4 providers

Rates last updated November 19th, 2017
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
Saxo Capital Markets CFD
Saxo Capital Markets CFD
More than 9,000 CFDs including single stocks, stock indices and commodities Commission - AUS shares: 0.05% (minimum $5) Go to site More info
TradeDirect365 CFD Trading
TradeDirect365 CFD Trading
Welcome bonus of up to $500 after your first month. T&C's apply.
Trade CFDs on local and international shares, forex and commodities.
Commission - AUS shares: $5 or 0.07% Go to site More info
Halifax Online CFD
Halifax Online CFD
Trade US and Australian shares, options, futures and CFDs with no registration fees. Trade 24/7 on your desktop, tablet or smartphone. Commission - AUS shares: $10 or 0.12% Go to site More info
IronFX CFD
IronFX CFD
Trade Forex, CFDs, spot indices, spot commodities and more online. Commission - AUS shares: 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
Plus500 CFD Service
Plus500 CFD Service
$30 welcome bonus available. T&C's apply.
Trade Australian and international CFDs on shares, forex, indices, commodities and more.
Commission - AUS shares: Spread only 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

Belinda Punshon

Belinda is a journalist here at finder.com.au. Specialising in the home loans and property sections, she is passionate about helping Australians improve their financial wellbeing.

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2 Responses

  1. 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

    • Staff
      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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