Best online investment services in Australia
By 'best' I mean lowest cost to you as an investor. Diferent brokers charge various fees on the ASX and US markets for shares and ETFs. Therefore I've highlighted the best broker(s) for each of these four categories.
Best for U.S. Shares
| Service | % fees* |
|---|---|
| Interactive Brokers | $1000 - 0.14% $2000 - 0.07% $3000 - 0.05% $5000 - 0.03% $10000 - 0.03% $50000 - 0.03% |
*Percentage costs take into account brokerage AND foreign currency (FX) conversion fees
Best for Australian shares (ASX)
| Service | % fees |
|---|---|
| Betashares Direct* | 0% |
*300+ Australian shares
Best for Australian based (ASX) ETFs
| Service | % fees |
|---|---|
| Betashares Direct | 0% |
| Webull | 0% |
Best for U.S. based ETFs
| Service | % fees |
|---|---|
| Webull | 0% |
Worst for U.S. Shares
Superhero has earned a rip-off award here for their totally overpriced foreign exchange fee when converting from AUD to USD
| Service | % FX fees | Cost for $1000 AUD |
|---|---|---|
| SuperHero | 0.93% | $9 AUD |
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I've based my recomendations on the excellent data gathered by Passive Investing Australia. However Passive Investing Australia in no endorses my recommendations and we are not affiliated in any way.
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Webull referral link: Deposit AUD$2,000 or more and I get up to AUD$200 in Tesla shares an you also get up to AUD$200 of Tesla shares.
