Australia's 7 top share trading accounts for 2023 | Pearler, Stake, Selfwealth, CommSec & more
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- Опубликовано: 5 сен 2024
- What's the best share trading account? How do I pick a share brokerage? Is there a difference between HIN/CHESS brokers and what are the risks of brokers?
The list of questions about brokerage accounts goes on and on and on...
If you're on the hunt for a share brokerage account or share market app, you're in luck.
In this Australian Finance Podcast episode, Owen Rask and Kate Campbell review 7 of the most popular share brokerage apps in our community.
List of best share trading brokers: www.raskmedia....
See where Owen invests for $9.99 per month
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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.
Full individual disclosures for each guest are available via the show notes page. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.
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I've used nearly every brokerage at different points and have found CMC to be the best. I'm normally investing in ETF's with $600-$700 a month. No brokerage, CHESS and access to international markets if needed.
Awesome breakdown on the top share trading accounts in Oz. How about a deep dive into Fuse Minerals next? Keen to hear your thoughts.
Great video - thank you!
Do you end up with multiple HINs from multiple broker accounts?
Does any of these mentioned let you invest via superannuation as tax effective investing
also a good question
Appreciate the intent and effort put into this video but the zipping around the web pages as you were talking about each option was so frustrating and distracting. I would have much preferred choosing a page of fees or services and just leave it there for me to view as you talked. But again thanks for the video. A lot of useful information included.
You can go to these websites yourself…they probably don’t do that because this is a podcast and they’re trying to keep it to a time limit
Do you choose what Share Registry you wish to sign up to? or do different shares use different registries?
Eg. Can I just make an account with computershare and put all of my shares through them?
You do not get a choice I’m afraid. The company or ETF provider chooses. Most likely it’s Link or Computershare. You can create an account at both. That’s the easiest way to see the majority of ASX shareholdings.
You can't create an account with the share registry without ownership of shares which are registered with them. They will also send you a letter by post to validate your identity and address. Once you have account and one HIN with them any future shares with that particular registry will automatically show in your account.
Nobody mentioned CMC
Exactly what i thought. No brokerage fee for the first day trade below $1000 which is perfect for ETF dollar cost averaging. I've noticed that they don't mention it on any of their other podcast episodes when they talk about brokerage accounts.
@@MrBlueInk456 Owen Rask doesnt like CMC markets he has said that in is recordings before...
@Anthony Hockley why does he not like it?
I'm on CMC after previously trying Stake, Superhero, Commsec and have also checked out Selfwealth & pearler. To me CMC is the complete package ($600-700 a month in ETFs with the odd individual choice when I come in to extra money)
I still put a few bucks ion raiz each week for my kids but I'm always a little wary of their platform.
The fact that they don’t mention CMC delegitimises these two clowns…clearly their opinions are biased
Thank you for the great video. My enquiry: is the price of company different for different brokers and big broker like commsec can ensure better/lower price to buy?
No, they are just the middle man for you and the stock you want
I use selfwealth and understand how having a hin allows me to find my asx shares if selfwealth were to shut down but how would I go about proving ownership of us shares with phillip capital (their custodial linked account)
is there any risk on using superhero instead of pearler? I use pearler at the moment and I invest monthly. I dont want to pay the fee each month. Thinking to switch to superhero or some other with 0 to very low fee.
I moved from Self wealth to Super Hero about 2 years ago, they charge half of the fees
Prepay pearler then it is half as bad.
They forgot the best one ‘CMC’
Seems biased
I buy with commonwealth bank,just feel safer and it's who l bank with,fees are now lower.
Hey Mark, can you set-up automated investing with Commsec do you know?
We want to hear who you are with. Where is the transparency?
Sorry but this vid comes across as dishonest.
They did say in the end which brokerage they use. Them telling you which you should use would be dishonest. They are not qualified or certified to do that anyway.
Selfweath is useless, slow, cumbersome and clunky.