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Bendigo Invest Direct share trading review

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Bendigo Invest Direct
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Standard brokerage fee
Available markets
ASX, NASDAQ, NYSE, Euronext, Hong Kong Stock Exchange, Tokyo Stock Exchange, SIX Swiss Exchange, Frankfurt Stock Exchange, Singapore Exchange, Toronto Stock Exchange, Chi-X
Phone, Email

Our verdict

Trade Australian and global shares with the added advantage of advanced research and charting tools.

Bendigo Invest Direct (BID) is Bendigo Bank’s online share trading service. It offers Standard and Pro trading accounts plus access to shares and ETFs on Australian and international markets.

While you may be able to find slightly cheaper brokerage fees elsewhere, Bendigo Invest Direct is worth considering if you’re looking for a user-friendly account with all the essential trading tools.


  • May appeal to both new and experienced traders
  • Access to international markets
  • Advanced charting and research tools
  • Offers mobile trading app


  • Not the lowest brokerage fees around
  • No demo account
  • No 24-hour support

In this guide

  • Our verdict
  • Details
    • Platform details
  • Your reviews
  • Ask a question


Platform details

Type of broker Online
ASX products Shares, Exchange traded options, Exchange traded funds, mFunds
Available markets ASX, NASDAQ, NYSE, Euronext, Hong Kong Stock Exchange, Tokyo Stock Exchange, SIX Swiss Exchange, Frankfurt Stock Exchange, Singapore Exchange, Toronto Stock Exchange, Chi-X
Standard brokerage fee US$0
Support Phone, Email
More Info

Who is Bendigo Invest Direct best for?

  • Casual traders. A Bendigo Invest Direct Standard account offers a user-friendly interface, market research and analysis to help new traders buy and sell shares.
  • Frequent traders. If you’re an experienced investor, a Pro account offers advanced trading tools and professional charting for a monthly subscription fee.

How easy is it to use?

Getting started with Bendigo Invest Direct is easy. You can apply for an account and get your ID verified online, with applications typically processed within two to four days.

The share trading service has been designed with ease of use in mind. There are video tutorials to help new users navigate the interface, plus educational tools and a quick guide to help you get the most out of your account.

What research does it provide?

You can access a range of research and analysis tools through your Bendigo Invest Direct account. One key tool is access to theScreener, which provides up-to-date analysis of stocks you’re considering trading. Details of upcoming dividends are also easily accessible through your account.

It’s worth pointing out that the research available to you varies depending on the type of account you open. Standard account holders can access an IPO centre and Morningstar fundamental research, while Pro accounts can also take advantage of Thomson Reuters market news and Morningstar quantitative research.

Pricing and fees

It’s free to open a Bendigo Invest Direct Standard account, but you’ll need to pay a $49 monthly subscription fee if you want to open a Pro account.

Brokerage fees with Bendigo Invest Direct start at $19.95 for online trades, but lower fees are available for frequent traders.

Australian shares
Classic (less than 10 trades per month)Premium (10–34 trades per month)Platinum (35+ trades per month)
Brokerage$19.95 per trade or 0.11% where value of shares is more than $22,000$19.95 per trade or 0.11% where value of shares is more than $22,000$17.95 per trade or 0.11% where value of shares is more than $22,000
Live data$10/monthFreeFree
Dynamic data $41.25/month$41.25/month$41.25/month

For phone trades, brokerage is $69.95 per trade or 0.40% where the value of the shares is more than $22,000. Separate brokerage fees also apply to trades on international markets, as per the table below.

International shares
Brokerage (US,UK,Japan,Canada)$0.00 per tradeApplicable online order fee PLUS $23.00
Brokerage (Other international markets)$69.00 per trade or 0.69%^Applicable online order fee PLUS $23.00

^ Brokerage is the greater of the $ value or the % shown

If you’re trading exchange traded options online, brokerage fees are the greater of $32.95 or 0.32% of share values. For mFunds, brokerage is the greater of $40 or 0.20% of share values.

What are the main features?

Key features of a Bendigo Invest Direct account include:

  • Analysis and research. Stock research tools and information from theScreener and Morningstar help you make informed trading decisions and stay abreast of market developments.
  • Charting tools. If you have a Bendigo Invest Direct Standard account, you can access 8 different chart types and more than 40 drawing tools. Bendigo Invest Direct Pro account holders get access to a professional charting package, which features a wide range of indicators and chart types for technical analysis.
  • Market data. You can access live or dynamic real-time data through your Bendigo Invest Direct account. However, whether or not you need to pay to access this data varies depending on whether you’re a frequent trader or not, and whether you have a Standard or Pro account.
  • Tax and portfolio management. Pro users can keep track of their portfolio and manage tax reporting requirements thanks to integration with Sharesight.
  • Live chat support. You can access support quickly and conveniently using the live chat option. Live chat is available from 7am to 6pm Sydney time, Monday to Friday.
  • Mobile app. If you’d prefer to trade from your smartphone, the Bendigo Invest Direct app is available for Apple and Android phones.

What account types are available with Bendigo Invest Direct?

There are two account types to choose from: Standard and Pro. See the table below for a breakdown of account features. Keep in mind that Pro account holders enjoy access to all features of the Standard account as well as the advanced tools that come with Pro membership.

BID StandardBID Pro
Account accessStandardStandard and Pro
ASX market dataLive data: $10/month

Dynamic data: $41.25/month

Live data: Free

Dynamic data: Free

Charts8 chart types

42 drawing tools

102 overlays and studies

12 chart types

38 drawing tools

96 overlays and studies

News, analysis and researchtheScreener

Upcoming dividends

IPO centre

Morningstar fundamental research


Upcoming dividends

Thomson Reuters news

Morningstar quantitative equity research

ToolsFloats listing

IPO application pages

Sector analysis

Trading central signals and patterns

Options analytics risk tool

Is Bendigo Invest Direct trustworthy?

Launched in 2016, Bendigo Invest Direct is a share trading service provided by CMC Invest at the request of Bendigo and Adelaide Bank. A multi-award-winning broker, CMC Invest has a history dating back more than 30 years and is regulated by the Australian Securities and Investments Commission. The provider also offers its own stockbroking account to Australian investors – find out more about it in our review.

How do I sign up?

If you’d like to open a Bendigo Invest Direct trading account, you can complete an application online. Simply click on the “Apply Now” link on their website, choose your type of application and specify how you will pay for your trades.

You’ll then need to supply your name, date of birth and contact details to complete the application. Proof of ID is also required, but this can typically be uploaded online. It usually takes two to four days to process your application and set up your account.

How do I contact Bendigo Invest Direct support?

If you have any questions about trading or need some help, a dedicated client service team is available to provide support. Support is available via the following channels:

  • Email
  • Phone
  • Live chat (Monday to Friday, 7am to 6pm Sydney time)

Bendigo Invest Direct also offers an FAQ section with answers to a host of common questions, plus video tutorials to show you how to complete basic account tasks. It also provides a free “Investing IQ” educational program to help boost your trading knowledge.

Bottom line

Bendigo Invest Direct online share trading is a competitive option for anyone who wants to buy and sell shares and ETFs online. The fact that there are separate account types for casual and more experienced traders is a definite plus, while live chat support and a mobile trading app are also welcome features.

However, you will find cheaper brokerage fees elsewhere, particularly when trading on international markets, so be sure to compare Bendigo Invest Direct with other online share trading platforms to find the trading account that’s right for you.

Frequently asked questions

This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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