Brokerage Fees: CommSec vs NAB trade vs ANZ Etrade vs Westpac Trade

In this video I'll be comparing the brokerage fees for share trading on the platforms from the big 4 banks: CommSec (Commonwealth Bank), ANZ Etrade, NAB Trade & Westpac Trade. I'll also show you a graph that gives you a summary of how the brokerage fees vary as you trade various amounts of money.

Timestamps if you want to skip ahead:

0:00 - Introduction
0:30 - What is brokerage?
0:53 - Looking at brokerage rates from each company
2:00 - My graph that compares brokerage fees as you invest various amounts

What is brokerage?
Brokerage is the fee you pay your share trading company to make the share transaction on your behalf. Whenever you're buying or selling shares, your broker will charge you a fee (which varies on the size of your transaction). The broker does the same job for you whether they charge you $10 or $100. So I believe it's important to understand your brokerage fee and always try and optimise how much you pay depending on who you go with.

Where do you go to find out your brokerage fees/rates?
Each company will clearly have on their website their brokerage rates for you to check out. I have listed the links below that you can use to find them:
*CommSec Brokerage :https://www.commsec.com.au/support/rates-and-fees.html#
*NAB trade Brokerage: https://www.nabtrade.com.au/investor/pricing
*Westpac investing Brokerage: https://onlineinvesting.westpac.com.au/media/34837/securitiesblanket.pdf
*ANZ E*Trade Brokerage: https://www.anz.com.au/personal/investing-super/online-share-investing/rates-fees/
Graph comparing brokerage rates:

I've made a simple Excel graph that shows you visually how brokerage rates compare across the big 4 banks depending on the of your transaction.

Other videos you might be interested in:
My video on Share Trading on CommSec: https://youtu.be/q3KRk9WUkVw
My video on 4 ETFs in Australia: https://youtu.be/9S5-fnrghp0
My friend Nick Kendall's video on Buying shares on NAB Trade: https://www.youtube.com/watch?v=LVgp-F4W1Xc

Disclaimer:
The information provided in this video is general in nature only and does not constitute personal financial advice. You should also consider seeking the advice of an investment advisor who holds an Australian financial services (AFS) licence or is a representative of an AFS licensee. Be sure to work with someone who understands your investment objectives and tolerance for risk. Your investment advisor should understand these products, be able to explain whether or how they fit with your objectives, and be willing to monitor your investment alongside you.

Видео Brokerage Fees: CommSec vs NAB trade vs ANZ Etrade vs Westpac Trade канала Sanjee Sen