The Ultimate Comparison of Online Investing Brokers for Australian Stock Market

💰Brokerage fees are a crucial consideration when choosing an online investing broker.

🔒Chess sponsorship provides an extra layer of security for your shares.

📈Dollar-cost averaging can be an effective investment strategy, and brokers with low or zero brokerage fees are ideal for this approach.

📚Research tools and user-friendly platforms can greatly enhance the investing experience, especially for beginners.

🌐Consider whether you want to invest in domestic or international shares when selecting a broker.

What are brokerage fees?

—Brokerage fees are the fees charged by a broker for executing trades. It's important to choose a broker with competitive fees to minimize costs.

What is chess sponsorship?

—Chess sponsorship refers to the direct ownership of shares, which provides an extra layer of security. It allows you to transfer shares easily and provides more control over your investments.

What is dollar-cost averaging?

—Dollar-cost averaging is an investment strategy where you regularly invest a fixed amount regardless of share prices. This strategy can help reduce the impact of market volatility.

Why are research tools important when choosing a broker?

—Research tools can help you make informed investment decisions. A broker with comprehensive research tools and analysis can provide valuable insights for successful investing.

Should I consider investing in international shares?

—Investing in international shares can diversify your portfolio and provide exposure to different markets. Consider the broker's offerings and fees for international shares if you're interested in this option.

00:00Introduction to comparing 15 online investing brokers for the Australian stock market.

02:03Explanation of brokerage fees and its importance in selecting a broker.

03:10Overview of chess sponsorship and its benefits for direct ownership of shares.

04:58Discussion of the top four big banks' in-house online brokers and their pros and cons.

06:24Review of CMC Markets, a broker with zero brokerage fees for Australian shares up to $1,000 a day.

07:27Introduction to Stake, a popular broker for U.S. shares and its expansion to Australian shares.

08:42Overview of SelfWealth, a well-established platform with a flat $9.50 brokerage fee for any amount.

10:58Introduction to Superhero, a new platform offering $0 brokerage fees for Australian ETFs.