Australian Stock Brokers

E*TRADE Australia is the official website.


Brokerage rates
Trade value rate
$0 - $30,000 $32.95 AUD
$30,000 + 0.11%

Frequent trader discount
Trades per month rate
1st-10th trade $32.95 AUD
11th - 20th $27.45 AUD
21st - $21.95 AUD

Frequent Flyer

One thing good about this broker are the frequent flyer points. Their website states

    A User who has registered their Qantas Frequent Flyer details prior to placing an order will earn 1
    Qantas Frequent Flyer point per A$3 in brokerage per trade executed, to a maximum of 1,000 points per
    calendar month, per Qantas Frequent Flyer member

Go to My Accounts -> My Rewards

Interactive Brokers

I am going to move to those guys because my margin loan is with St George at 10.45%. Here the margin loan rate is only 1.5% above LIBOR.

You have to pay for ASX market data, which is AUD 37.50 per month. If you want to save on this, you can open an account at another aussie broker and look at the prices that way.

Each trade request goes direct to ASX, so you can see it appear in the market depth via another broker. You can submit your order within the spread.

You don't hold the shares directly via CHESS. You are also not entitled to dividend re-investment plans, and you may not be entitled to corporate actions if you are UK resident.


0.08% of trade value. 6 AUD minimum.

To get the best rate you have to trade a minimum 7500 AUD parcels.