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Westpac Online Investing account

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Trade shares, bonds and options with brokerage fees starting at 0.11%

Westpac Online Investing can be used by ordinary Australians, companies and SMSFs or trusts to buy and sell shares and other securities online. With brokerage fees starting at $19.95 or 0.11% per transaction, it offers ASX-listed shares, global shares and managed funds. 

AUD 19.95 or 0.11%

Standard brokerage fee

ASX, NASDAQ, NYSE, London Stock Exchange, Hong Kong Stock Exchange, Tokyo Stock Exchange, Frankfurt Stock Exchange, Singapore Exchange, Toronto Stock Exchange

Available Markets

Phone, Email

Support

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Details

Type of broker Online
ASX products Shares
Exchange traded options
Exchange traded funds
Warrants
Available markets ASX
NASDAQ
NYSE
London Stock Exchange
Hong Kong Stock Exchange
Tokyo Stock Exchange
Frankfurt Stock Exchange
Singapore Exchange
Toronto Stock Exchange
Standard brokerage AUD 19.95 or
0.11%
Support Phone
Email

Westpac Online Investing is Westpac’s online share trading platform. As one of Australia’s Big Four banks, Westpac was the first bank established in Australia and is part of the Westpac Group. One of the top five listed companies by market capitalisation on the Australian Securities Exchange, Westpac serves more than 13 million personal and business customers.

Regardless of what level of account you sign up for, Westpac aims to make share trading as easy and accessible as possible. It offers expert advice and analysis, real-time data and resources, mobile trading platforms and flexible features to help you reduce your exposure to risk.

What can I trade with Westpac Online Investing?

The most basic use of Westpac Online Investing is to buy and sell Australian shares on the Australian Stock Exchange. However, customers can enjoy the flexibility of trading a wide range of securities through their online account.

You can trade:

  • All ASX-listed securities
  • International shares
  • Managed funds
  • All warrants listed on the ASX
  • Exchange Traded Funds (ETFs)
  • Exchange Traded Commodities (ETCs)
  • Exchange Traded Options
  • Listed company-issued options
  • Listed unit trusts
  • Listed convertible notes
  • Renounceable rights
  • Listed fixed interest securities

Margin lending is available through a straightforward share trading loan, while you can also open a cash investment account to operate in tandem with your online investing account.

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What are Westpac Online Investing features?

Market data

With a standard Westpac Online Investing account, customers get access to free live prices for ASX listed securities. If they upgrade to an Advanced Trader Pro account, streaming live dynamic data means that prices and other data are constantly updated in real time, allowing investors to act quickly to take advantage of market fluctuations.

Research

Westpac Standard customers receive a complimentary Investor Package which includes company research, market commentary and price charts. Intra-day updates are also included, while for an extra fee customers can subscribe to a research package to receive more detailed analysis, recommendations and more. Customers with an Advanced account can also take advantage of full market depth tools and integrated charting.

Access

Orders can be placed online if you wish, or alternatively you can place orders over the phone from Monday to Friday, 8am to 7pm. Customer support is also offered in the form of an online education centre and FAQs plus phone and email support.

Order types

Westpac Online Investing allows traders to place limit orders, market orders and ‘today only’ orders. You can also place conditional orders to automatically execute a buy or sell order after specific ‘trigger’ conditions have been met on the market.

Available markets

Westpac Online Investing allows customers to trade on over 30 international exchanges, including the New York Stock Exchange, NASDAQ, London Stock Exchange, and the Tokyo Exchange.

Watchlist functionality

Westpac Online Investing allows you to generate watchlists of up to 35 stocks, with the ability to save up to 50 watchlists. This allows you to keep track of market fluctuation.

Other features

Some of the other features that Westpac Online Investing customers can use include customised layouts and alerts, end of day data, and the ability to earn Altitude Rewards points on every trade.

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Service levels

StandardAdvanced (Trader Pro)
Monthly fee$0$79 per month
Brokerage fee$19.95$19.95
DataFree liveStreaming live dynamic data
InvestmentsTrade Australian and international shares, options, warrants, managed funds, ETFs and ETCsTrade shares, options, warrants and ETFs all off the same screen
Research and analysisCompany research, market commentary, trading ideas, research tools and advanced chartingFull market depth in real time, market map, integrated charting, options and warrant monitors
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What support/information is available with Westpac Online Investing?

If you have any queries regarding your Westpac Online Investing account and trading, a wealth of information is available online through Westpac’s Learning Centre. This features trading tips, FAQs and a glossary of important terms.

Phone and email support is available from 8am to 7pm from Monday to Friday, as is trading over the phone. If you wish to trade on global markets, Westpac’s Global Markets department is open 24 hours a day on US trading days.

Unfortunately, there is no live online chat option if you need immediate assistance.

What are the fees when using Westpac Online Investing?

Standard Westpac Online Investing account holders will not have to pay any ongoing fees. Advanced customers, however, must pay a fee of $79 per month to access the Trader Pro package. A range of options, for example the Dynamic Data Exchange Microsoft Excel add-in, are available for an extra monthly fee.

Brokerage charges also apply whenever you make a trade. For online share, warrant, ETF and government bond trading, a $19.95 or 0.11% fee applies. If you place your trade over the phone, the brokerage fee rises to $59.90 or 0.44%.

Finally, it’s worth mentioning that the settlement method can affect your brokerage rate. While the above fees apply when you use an integrated Westpac account, those fees rise if you settle a trade from an account with another bank or use funds from a margin loan.

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What are the pros and cons of using Westpac Online Investing?

Pros

  • Easy to use. If you’re a casual investor, Westpac’s Standard account package and easy-to-use interface makes it simple to start trading. However, the Trader Pro option offers a range of more advanced features for active investors.
  • Large number of trading options. From Australian and international shares to warrants, government bonds and much more, Westpac Online Investing makes it possible to trade a large number of securities.
  • Backing of a large bank. The fact that this share trading platform is backed by a ‘big four’ bank gives customers the peace of mind of knowing they are dealing with a trusted financial institution.
  • No inactivity fee. There is no fee charged on the Australian markets account (not global account) if it remains inactive for any time

Cons

  • No 24/7 customer support. Customer assistance is not offered seven days a week by Westpac, and there is no live chat option.
  • Broker fees. The brokerage fees start higher than other brokers on the market
  • Inactivity fee: There is an inactivity fee of $63.50 per year on the global markets account
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How do I apply for Westpac Online Investing?

If you’d like to apply for a Westpac Online Investing account, you'll need to go through Westpac's application page. You’ll then need to select a settlement method - Westpac Cash Investment Account, Westpac Online Investing Loan or any Australian bank account - before beginning the application process.

Select whether you would like to open an individual, joint, company or trust/SMSF account, then tick the right box to indicate whether or not you are an existing Westpac Online Banking customer. If you are an existing customer, Westpac will already have some of your details on file and you can save time completing the form.

You’ll need to be an Australian resident and 18 years of age or older in order to apply. The application process takes between five and 10 minutes and you’ll also need a tax file number and your existing Westpac customer account details (if applicable).

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12 Comments

  1. Default Gravatar
    Judy
    November 8, 2018

    I have an account with St.George. I am not an Australian resident, so I have no tax file number. Can I still trade?

    • Avatarfinder Customer Care
      Jhez
      November 9, 2018

      Hello Judy,

      Thank you for your comment.

      If you are buying shares in with Westpac for the first time, you will receive a welcome letter from Westpac’s share registry. You will need to complete and return some documents, such as your bank account details (for dividend payments), and a tax file number declaration. So therefore, TFN is needed to trade, and since you have no TFN, you’re unable to trade.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  2. Default Gravatar
    Peter
    September 24, 2018

    Hi, please explain
    What is the difference between free live data (for standard account) and Streaming live dynamic data (for advanced account).

    Thank you
    Regards

    Peter

    • Avatarfinder Customer Care
      Joshua
      September 26, 2018

      Hi Peter,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      It basically means that for the standard account you get live data but they are limited. This may include live quotes on ASX listed securities. For advanced account, you will be able to view prices and other data continuously updated in real time, so you can act on the market action as it happens.

      It would also be a good idea to directly get in touch with Westpac to learn more.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    debbie
    July 2, 2018

    What is the easiest and cheapest way to sell shares

    • Avatarfinder Customer Care
      Jeni
      July 8, 2018

      Hi Debbie,

      Thank you for getting in touch with finder.

      The most common way to buy and sell shares is on the share market using a broker or broking service. There’s a great guide on this page that can help you look for platforms where you can sell (and buy) shares. The platforms featured on the page do not charge monthly fee.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    Gus
    April 9, 2018

    Is there a minimum amount to make investment or trade ?
    Thanks

    • Avatarfinder Customer Care
      Joshua
      April 9, 2018

      Hi Gus,

      Thanks for getting in touch with finder.

      According to our page, all purchase orders must exceed $500 but there is no minimum limit for sales. Moreover, it is worth noting that there is no needed minimum balance to earn interest on a Westpac Cash Investment account.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  5. Default Gravatar
    irene
    January 8, 2018

    What about that I have St George saving account, still low fee for using the share trading tools?

    • Avatarfinder Customer Care
      Rench
      January 9, 2018

      HI Irene,

      Thanks for your inquiry. Please note that we are not affiliated with Westpac or any company we feature on our site and so we can only offer you general advice.

      Westpac Online Investing offers competitive brokerage fees of $19.95 or 0.11% per transaction, Westpac Online Investing offers value for money with regard to share trading.

      You may check this page for Westpac Savings Accounts. You may click the name of your preferred account to know more details and you may click the green “Go to site” button to submit an online application through their official site.

      You can also compare other options on this page for Share Trading Accounts.

      Best regards,
      Rench

  6. Default Gravatar
    Doug
    October 15, 2017

    Do I need a separate cash account with funds in it before trading, or can the funds be debited to an existing West Pac account?

    • Default Gravatar
      Arnold
      October 16, 2017

      Hi Doug,

      Thanks for your inquiry

      No, you don’t. You may use your existing Westpac account or any other account for that matter to receive your dividends. If you want to use your existing Westpac account, don’t forget to indicate that you are an existing customer of Westpac upon the application.

      Hope this information helps

      Cheers,
      Arnold

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