⭐ Editor's Choice — Top Rated Pick
CMC Markets Invest (Australia)
📍 Available in: Australia
★★★★★ 4.8 / 5.0
CMC Markets Stockbroking is the second-largest retail stockbroker in Australia (and powers Bank of Queensland and Bendigo Bank’s share trading platforms). Its flagship "Zero Brokerage on ASX Buys Under $1,000" policy makes it the undisputed mathematical winner for Australian ETF investors who dollar-cost average every fortnight or month: your first buy order per ASX security each trading day up to $1,000 AUD incurs $0.00 brokerage, while remaining 100% CHESS-sponsored under your own personal HIN.
Key Facts at a Glance
| Cost / Fee Structure | $0 Account Fee • $0 ASX Buy Brokerage Under $1,000/Day |
| APR / Rate | CHESS-Sponsored Individual HIN (ASX Market Participant) |
| Coverage / Loan Limit | $11 or 0.10% on ASX Sells & Buys Over $1,000 |
| Credit / Eligibility | $500 Minimum First ASX Buy Order |
Pros & Cons
✓ Pros
- ✓Investing $500–$1,000 every payday into VAS, VGS, or IVV costs $0.00 in brokerage under your own CHESS-sponsored HIN
- ✓Unlike Stake ($3 flat on every buy and sell), frequent sub-$1,000 ETF buyers pay literally $0 brokerage on accumulation
- ✓Direct integration with Sharesight automates Australian dividend and capital gains tax reporting at EOFY
✕ Cons
- ✕Selling ASX shares (or buying more than $1,000 of a single stock in one day) costs $11 or 0.10%—compared to Stake’s flat $3 fee
- ✕International share trades incur a 0.60% foreign exchange conversion spread
Key Features
$0 Brokerage on Your First ASX Buy Order Under $1,000 Per Stock/ETF Each Trading DayFull ASX CHESS Sponsorship With Your Own Personal Holder Identification Number (HIN)$0 Brokerage on US, UK, Japanese & Canadian International Share Trades (0.60% FX Spread)Morningstar Quantitative Research, dividend tracking & ShareSight tax integration
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