Stake lowers brokerage barrier with $3 offer for ASX investors
The battle for Australian investors is continuing to heat up, with Stake revealing that it will be offering the “lowest brokerage fees out there” on Australian shares and ETFs.
Up until now Stake has catered to investors wanting exposure to US markets by offering zero brokerage on over 6,000 US stocks and ETFs. As of this morning though, Stake announced that it will be providing access to the ASX on its platform, with brokerage set at just $3 for ASX-listed securities.
That brokerage fee would be the cheapest on offer among the 27 share trading platforms currently being tracked in the Mozo database, ahead of other low cost options like Saxo Markets and Superhero.
“Paying $30 per ASX trade via established banks has long been par for the course for Aussie investors but they’re not getting anything for that price tag - it can be done better, and for less,“ said Stake founder and chief executive, Matt Leibowitz.
“Our customers now have a sleek platform where they can seamlessly access both Wall St and the ASX at the lowest brokerage fees out there, without compromise. This isn’t just low-cost trading, this is modern brokerage built for the new generation of investors.”
Leibowitz also confirmed that Stake’s ASX offering will use the CHESS-sponsored model.
“We know how important the CHESS model is to Australian investors. They want to trade on their own HIN [Holder Identification Number]. We have found a way to make this work while still being able to deliver fantastic affordability.”
The ASX option is currently in Beta though, with Stake set to roll out access to investors on its waiting list over the coming months.
However, Stake says that it will be providing $0 brokerage on ASX trades until 2022 for investors who do get on board early.
RELATED: Australia's lockdown love affair with shares continues as investor numbers double
Ready to start investing yourself? Make Mozo’s share trading hub your first destination. It’s where you’ll be able to compare different share trading accounts, plus make use of a range of handy guides and articles, all in the one place.
Share trading comparison table - rates updated daily
Live Account
Small trade brokerage
Monthly fee
$5.00$0.00Superhero Live Account is trading for everybody. Zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.
Live Account
Superhero Live Account is trading for everybody. Zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- Shares held in a consolidated HIN under Superheros name, ownership remains with share purchaser.
- Settle from any bank account
- Settlement account offered
- Superhero Wallet is a cash management account built into Superhero Account (held under NAB)
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Live Account
Share Trading
Small trade brokerage
Monthly fee
$8.00$0.00ThinkMarkets offer an $8 flat fee share trading account with HIN ownership (CHESS sponsored) so you control your own shares plus free live price data and market depth.
Share Trading
ThinkMarkets offer an $8 flat fee share trading account with HIN ownership (CHESS sponsored) so you control your own shares plus free live price data and market depth.
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- 10 free ASX trades when you open a new share trading account.
- Brokerage details
- $8 brokerage on trades up to $200,000, otherwise 0.05%
- Settle from any bank account
- Settlement account offered
- Option to link existing Macquarie Cash Management Account
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Share Trading
Trading Account
Small trade brokerage
Monthly fee
$10.00$0.00Insights, recommendations and support for just $10 per trade under $1000. Get access to over 25 international markets. (See the CommSec page for details)
Trading Account
Insights, recommendations and support for just $10 per trade under $1000. Get access to over 25 international markets. (See the CommSec page for details)
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- Via CommSec Cash Account: $10.00 under $1,000, $19.95 between $1,001 and $10,000, $29.95 up to $25,000, then 0.12%. Via other account: $29.95 under $10,000, then 0.31%.
- Settle from any bank account
- Settlement account offered
- Commonwealth Direct Investment Account
- Share pack
- Independent broker reports
- (Aegis Research, $499 annually)
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Trading Account
Tiger Account
Small trade brokerage
Monthly fee
$6.49$0.00Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Enjoy $0 brokerage on US Stocks trading and ASX Stocks trading for 90 days with no minimum deposit required. (T&Cs apply - see website for full details. Limited time offer).
Tiger Account
Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Enjoy $0 brokerage on US Stocks trading and ASX Stocks trading for 90 days with no minimum deposit required. (T&Cs apply - see website for full details. Limited time offer).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- Receive a limited time offer of $0 brokerage on U.S. and ASX trades for 90 days for new accounts opened with a completed deposit or transfer shares. $10 Stock Voucher for new accounts.
- Brokerage details
- 0.05% of trade value, $2.50 minimum brokerage + $3.99 platform fee.
- Settle from any bank account
- Settlement account offered
- no
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Tiger Account
Standard
Small trade brokerage
Monthly fee
$0.00$0.00CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Aussie and US shares from $0 brokerage (T&Cs apply - see website for full details).
Standard
CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Aussie and US shares from $0 brokerage (T&Cs apply - see website for full details).
- Monthly fee
- $0.00
- Monthly fee waiver
- -
- Special offers
- -
- Brokerage details
- $0 for trades up to $1,000. Greater of $11 and 0.1% for trades over $1,000.
- Settle from any bank account
- Settlement account offered
- CMC Markets Cash Account, no fees. Linked Suncorp or St George margin account
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Standard
Share Trading
Small trade brokerage
Monthly fee
$8.00$16.67IG is part of a major FTSE 250 company with over 185,000 clients worldwide. Commission from just $5 for customers making 3+ trades per month.
Share Trading
IG is part of a major FTSE 250 company with over 185,000 clients worldwide. Commission from just $5 for customers making 3+ trades per month.
- Monthly fee
- $16.67
- Monthly fee waiver
- Trade 3 times per quarter using either your share trading or CFD account. Hold no open positions in your share trading account at the end of the quarter
- Special offers
- $0 to US$10 commission on international shares.
- Brokerage details
- $8 or 0.1% of trade value ($5 or 0.05% with at least 3 trades in the previous month), whichever is greater. Phone rate $50 or 0.1%. 0.7% Foreign exchange margin. Shares held in a consolidated HIN under IGs name, ownership remains with share purchaser.
- Settle from any bank account
- Settlement account offered
- no
- Share pack
- Independent broker reports
- International markets
- Options
- CFDs
- Warrants
- IPOs
- Live data
- Market depth data
- Real time charting
Read our Mozo Review to learn more about the Share Trading
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