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Westpac Share Trading

The details shown below are for the Investor

The details shown below are for the Advanced

The details shown below are for the Professional with TraderPro

Choose the version of this loan that suits you best

  • Investor

  • Advanced

  • Professional with TraderPro

Small trade brokerage with conditions
$19.95
Trades under $18,136 via Westpac Cash Investment Account
Large trade brokerage with conditions
0.11%
Trades over $18,316 via Westpac Cash Investment Account
Monthly fee
$0.00
Small trade brokerage with conditions
$19.95
Trades under $18,136 via Westpac Cash Investment Account
Large trade brokerage with conditions
0.11%
Trades over $18,316 via Westpac Cash Investment Account
Monthly fee
$25.00
Small trade brokerage with conditions
$19.95
Trades under $18,136 via Westpac Cash Investment Account
Large trade brokerage with conditions
0.11%
Trades over $18,316 via Westpac Cash Investment Account
Monthly fee
$99.00

Mozo editorial review Westpac Share Trading

Last updated: 23 April 2020.

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What's hot
  • No account opening or maintenance fees
  • Trade securely via desktop, phone or app
  • Free risk management tools and trading alerts
  • 2020 Mozo Experts Choice Award winner
What's not
  • 24/7 support isn’t available
Mozo snapshot

Westpac’s Share Trading platform lets Aussies execute fast trades on both the ASX and international market. Trades can be made via desktop, phone or the Westpac Online Investing App, which did win a 2020 Mozo Experts Choice Award for Exceptional Share Trading App. Brokerage costs come to $19.95 or 0.11%, whichever is greater, and there are no account maintenance fees to worry about.

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Key features

Westpac Share Trading is a feature-rich platform that has plenty to offer both casual and active investors. If you’re looking to trade Australian shares, you’ll have access to over 2,200 companies listed on the ASX. If international shares are more to your liking, you’ll find you can invest in over 30 international exchanges, including the New York Stock Exchange, NASDAQ, London Stock Exchange, Hong Kong Stock Exchange and the Tokyo Exchange.

As for brokerage costs, Westpac charges $19.95 or 0.11% commission, depending on which is greater. If done over the phone, costs are bumped up to $59.90 or 0.44%. Trades are processed fairly quickly and you can expect to have access to your money in no more than 2 days.

There are three packages available: Investor (which is automatically available to all users), Advanced and Professional. If you subscribe to the Advanced package, you’ll receive, among other things, S&P/ASX 200 recommendations and expanded company research. And if you subscribe to the Professional package, you’ll get access to the Trader Pro (WebIRESS) professional trading platform.

There are also a number of tools available to help you navigate the world of shares, including daily updates on market activity, economic reports, and investment ideas. For $20 a month, you can also get access to Morningstar Premium Research, which provides first-rate insights and financial tools to help you make more informed decisions.

Traders will also appreciate the Westpac Online Investing App, which comes with a suite of handy features. Not only will you be able to easily trade shares from your phone, you can create Watchlists, access charts and news, and view live market indices. The automated alert service also gives you updates on market activity as they happen in real-time, letting you take advantage of opportunities while you’re on the go. It’s nifty extras like this that helped it take out a Mozo Experts Choice Award for Exceptional Share Trading App.

And if you ever have any queries or problems, you can contact Westpac via email or call them between the hours of 8am and 7pm, Monday to Friday. On the weekends, you’re on your own, unfortunately.

If Westpac Share Trading sounds right for you, you’ll need to provide a copy of at least one form of identification, as well as your Tax File Number, though this can be provided at a later date. The process is online, completely secure, and should only take 5 to 10 minutes.

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Who is it good for

Serious share traders who want access to global markets will find they’re quite accommodated for by the Westpac Share Trading platform.

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Any catches

Unlike some other share trading platforms, there’s no tiered system when it comes to brokerage costs, so you won’t get charged less per trade the more active you are.

And as always, there’s a degree of risk in share trading, and there’s never a guarantee you’ll make a profit.

Details

Rates and fees information correct as at 15 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees
  • $19.95

  • Trades under $18,136 via Westpac Cash Investment Account

  • 0.11%

  • Trades over $18,316 via Westpac Cash Investment Account

  • Via Westpac Cash Investment Account or BT Margin Loan: greater of $19.95 and 0.11%. Via other account: greater of $29.95 and 0.29%.

  • no

  • $0.00

  • n/a

  • n/a

Tools
  • (Morningstar Premium Research, $20 monthly)

  • 33c SMS, 11c email (in blocks of $11)

Features
  • (free)

  • none

  • Westpac Cash Investment Account, no fees,

  • none

Details

Rates and fees information correct as at 15 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees
  • $19.95

  • Trades under $18,136 via Westpac Cash Investment Account

  • 0.11%

  • Trades over $18,316 via Westpac Cash Investment Account

  • Via Westpac Cash Investment Account or BT Margin Loan: greater of $19.95 and 0.11%. Via other account: greater of $29.95 and 0.29%.

  • no

  • $25.00

  • 2 trades or $50 in brokerage per month

  • n/a

Tools
  • (Morningstar Premium Research, free)

  • 33c SMS, 11c email (in blocks of $11)

Features
  • (free)

  • none

  • Westpac Cash Investment Account, no fees,

  • none

Details

Rates and fees information correct as at 15 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees
  • $19.95

  • Trades under $18,136 via Westpac Cash Investment Account

  • 0.11%

  • Trades over $18,316 via Westpac Cash Investment Account

  • Via Westpac Cash Investment Account or BT Margin Loan: greater of $19.95 and 0.11%. Via other account: greater of $29.95 and 0.29%.

  • no

  • $99.00

  • 15 trades or $350 in brokerage per month

  • n/a

Tools
  • dynamic

  • (Morningstar Premium Research, free)

  • 33c SMS, 11c email (in blocks of $11)

Features
  • (free)

  • none

  • Westpac Cash Investment Account, no fees,

  • none

Customer Reviews

How are Westpac share trading rated by the Mozo community?

Overall customer rating
9.0/10
Price
10.0/10
Features
10.0/10
Customer service
9.0/10
Convenience
10.0/10
Trust
10.0/10
Westpac

About Westpac

As Australia's first bank, Westpac has been serving customers since 1817. Westpac merged with St.George to create Australia's largest financial services company, and customers can enjoy from peace of mind from having the security offered by a major bank behind them. Check out Westpac's range of banking products such as savings accounts, home loans, personal loans, credit cards and other financial services such as its car and home and contents insurance.

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