Commsec vs. NAB? - Aussie Stock Forums

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  1. #1

    Default Commsec vs. NAB?

    currently I have savings account with both banks, I wish to start trading, which broker should I choose? It appears to me that commsec have a lower broker fee at $19.95 vs nab's $29.95. Are there any other hidden fees by either brokers that I need know about?

  2. #2

    Talking Re: Commsec vs. NAB?

    In regards to comsec, the $19.95 rate applies to parcels up to $10000. Over this amount you have to pay more. It costs $29.95 for transactions over $10000 up to $25000.

    They also charge a $10 fee for every buy and sell when using a margin loan account. I find this a bit rich, and i am getting sick of the little fees that everyone seem to think it is ok to charge these days.

  3. #3

    Default Re: Commsec vs. NAB?

    Casual=30 min delayed depth which is free
    Premium=RT depth but $10 a month

    + $9.95 for conditional orders if you use them.


  4. #4

    Default Re: Commsec vs. NAB?

    Quote Originally Posted by lenny View Post
    Casual=30 min delayed depth which is free
    Premium=RT depth but $10 a month

    + $9.95 for conditional orders if you use them.

    would help if you stop using abbreviations...

  5. #5
    short- to medium-term trader pixel's Avatar
    Join Date
    Feb 2010
    Perth, WA

    Default Re: Commsec vs. NAB?

    Why do you want to choose a broker from the only two banks with whom you happen to have a bank account?
    Why don't you research - presumably - all online brokers and select the one that suits you best, having regard to -
    • value for money,
    • software and data delivery,
    • reliability of execution,
    • serviced markets and instruments...

    You may find that you have to open a CMA *) with another bank. So what! That's a one-off exercise - and merits yet another investigation.
    e.g. Westpac will charge $5 less brokerage per trade if you use their CMA; but they pay interest at the RBA +) Cash rate minus 2%, whereas a Macquarie CMA pays interest at exactly the RBA Cash rate, calculated daily.

    *) CMA = Cash Management Account
    +) RBA = Reserve Bank of Australia
    Last edited by pixel; 12th-July-2010 at 11:24 PM. Reason: expanded abbreviations :)
    Artificial Intelligence is no match for Innate Stupidity.

  6. #6
    Always Learning Tanaka's Avatar
    Join Date
    Jun 2010
    Cuban Jail

    Default Re: Commsec vs. NAB?

    The current edition of Smart Investor has a detailed review of all the major online brokers in Australia including all the fees etc...


    Hope the link helps you make an informed decision,


  7. #7
    johenmo's Avatar
    Join Date
    May 2008
    Somewhere #$%^@ cold in winter..

    Default Re: Commsec vs. NAB?

    Depending how much money you have, your trade frequency etc look at Interactive Brokers. 0.08% or min $6 each way and no extra for conditional orders. The videos they have help you along the way.

    I went from CommSec to IB. Still have some stocks with CommSec.
    "My problem is simple. I don't know what I don't know."

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