Many alternatives offer $0 brokerage on ASX trades up to $1,000, unlike CommSec's $5 minimum fee.
For international shares, explore platforms with $0 brokerage options for US or UK markets.
Beyond fees, compare CHESS-sponsorship, trading tools and security measures when choosing a broker.
Alternatives to CommSec
CommSec is Australia's largest and most well known online broker, but there are dozens of other share trading platforms in Australia for you to choose from.
Each broker has its pros and cons when it comes to available markets, trading tools and costs. So it's a good idea to compare your options before deciding on the trading platform that meets all your investment requirements and offers the best value for money.
For the purposes of this comparison, we're using a CommSec account with a Commonwealth Direct Investment Account CDIA, which offers lower trading fees than a non-CDIA account. We're also assuming all trades are done online.
Our expert says: Is it worth sticking with CommSec?
"CommSec has long been Australia's most popular share trading platform but the rise of accessible, low cost alternatives means it's not necessarily the best bet for investors."
You'll normally pay anywhere from $0 to $20 in brokerage when trading Australian shares via an online trading platform or broker.
CommSec's brokerage fees start at a relatively competitive $5.00 for online trades up to $1,000, but increase depending on the size of your trade.
Here's a rundown of what CommSec charges for Australian shares (as of September 2024):
$5.00 (up to and including $1,000)
$10 (over $1,000 up to $3,000 [inclusive])
$19.95 (over $3,000 up to $10,000 [inclusive])
$29.95 (over $10,000 up to $25,000 [inclusive])
0.12% (over $25,000)
No inactivity fee (on Australian shares platform)
In comparison, Westpac has a very similar fee structure, charging $4.95 on trades up to $1,000, or 0.11% on trades over $28,000.
In terms of cheaper brokerage, CMC Invest charges zero commission on ASX trades up to $1,000 (on the first trade each day), but $11 on any subsequent ASX trades. eToro charges US$2.00 on ASX trades.
Brokerage and commission fees aside, you should also consider whether the platform charges an inactivity fee. Although IG charges just $$0.00 per trade, its inactivity fee of won't suit everyone.
How do CommSec's international fees compare?
CommSec has relatively high brokerage fees for international stocks and ETFs compared to others.
Here's a basic breakdown of CommSec's fees (verified 21 July 2026) on a standard International Shares account:
United States: USD$5.00 or 0.12%, whichever amount is greater
Canada: CAD$40.00 or 0.40%, whichever amount is greater
France, Germany, Italy, Netherlands: EUR€12.00 or 0.40%, whichever amount is greater
Hong Kong: HKD$130.00 or 0.40%, whichever amount is greater
Japan: JPY¥1,500 or 0.40%, whichever amount is greater
Norway: NOK175.00 or 0.40%, whichever amount is greater
Singapore: SGD$25.00 or 0.40%, whichever amount is greater
Sweden: SEK155.00 or 0.40%, whichever amount is greater
Switzerland: CHF₣17.00 or 0.40%, whichever amount is greater
United Kingdom: GBP£12.00 or 0.40%, whichever amount is greater
Inactivity fee:
CommSec also offers an International Shares Plus account, which comes with higher brokerage fees:
United States: USD$9.95 or 0.20%, whichever amount is greater
Canada: CAD$50.00 or 0.50%, whichever amount is greater
France, Germany, Italy, Netherlands: EUR€20.00 or 0.50%, whichever amount is greater
Hong Kong: HKD$200.00 or 0.50%, whichever amount is greater
Japan: JPY¥2,500 or 0.50%, whichever amount is greater
Norway: NOK250.00 or 0.50%, whichever amount is greater
Singapore: SGD$35.00 or 0.50%, whichever amount is greater
Sweden: SEK225.00 or 0.50%, whichever amount is greater
Switzerland: CHF₣25.00 or 0.50%, whichever amount is greater
United Kingdom: GBP£20.00 or 0.50%, whichever amount is greater
Aside from CommSec, eToro, Westpac, IG, nabtrade, Totality, Selfwealth and CMC Invest all offer global share trading options. Among these, IG and CMC Invest offer $0 brokerage for global stocks.
IG offers similar brokerage fees at $US US$0.00 for US stocks, £10 or 0.1% for UK and €10 or 0.1% for Germany.
Currency exchange fees: It's also worth noting that when you trade international shares, your trading platform will need to perform a currency exchange for you. For example, nabtrade's foreign exchange transaction services are provided by NAB, so when you place an order for international shares you will be quoted an estimated exchange rate that includes fees and margins to protect NAB against exchange rate fluctuations. Once your trade is executed, NAB then books a foreign exchange transaction on your behalf.
Which trading accounts are the most reliable?
Like CommSec, all of the trading platforms listed on this page can offer secure and reliable trading solutions.
Some people prefer the peace of mind of dealing with an institution they know and trust.
The financial services royal commission not withstanding, a trading platform provided by one of the Big Four banks makes for a convincing argument. However, IG Markets, Selfwealth and Totality are also well-established and regulated names in the Australian share trading industry.
Each trading platform has a raft of security measures in place to ensure the safety of your funds and your security details. For example, IG Markets and Totality both keep all client funds fully segregated with top-tier Australian banks as required by the Australian regulator. Westpac Online Investing also offers 128-bit encryption when trading.
Share trading updates: August 2026
Gold and silver prices are continuing to soar, sending ASX gold and silver stocks to new record highs. Gold heavyweights Northern Star Resources (ASX:NST) is up 36% in the last 6 months, Evolution Mining (ASX:EVN) has risen 54% and Newmont Corporation (ASX:NEM) is up over 70%. Meanwhile silver stocks
Andean Silver Ltd (ASX:ASL) and Silver Mines Ltd (SVL) have rocketed over 90%.
Kylie Purcell is an experienced investments analyst and finance journalist with over a decade of expertise in a wide range of financial products, including online trading platforms, robo-advisors, stocks, ETFs and cryptocurrencies. She is a sought-after commentator and regularly shares her insights on the AFR, Yahoo Finance, The Motley Fool, SBS and News.com.au. Kylie hosts the Investment Finder video series and actively contributes to the investment community as a judge and panellist. She holds a Master of Arts in International Journalism, a Graduate Diploma in Economics, and ASIC-recognised certifications in securities and managed investments.
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Just letting you know, your link to Westpac actually takes you to General Pants Co
Hi David,
Thanks kindly for your comment. We have now made the corrections.
Cheers
Clarizza