Brokerage fees vary wildly — from $0 to $19.95 per trade for the exact same share. We've compared every major Australian broker so you know exactly who charges the least for your trade size.
Drag the slider to your typical trade amount and see exactly how much each broker charges.
Every major Australian broker, ranked by ASX brokerage fee. All fees verified March 2026.
| Broker | ASX shares | US shares | ETFs | CHESS | Min deposit |
|---|---|---|---|---|---|
| SuperheroCheapest ASX | $2 flat | $0 + 0.7% FX | $0 | ✓ | $100 |
| StakeCHESS | $3 flat | $0 + 0.5% FX | $3 flat | ✓ | $0 |
| eToro | ~0.5% spread | $0 + 0.5% FX | ~0.5% spread | ✗ | $50 USD |
| PearlerCHESS | $6.50 flat | $6.50 + 0.5% FX | $6.50 flat | ✓ | $0 |
| VanguardFree ETFs | N/A | N/A | $0 (Vanguard only) | ✗ | $500 |
| IBKR | $6 or 0.08% | $0.005/share | $6 or 0.08% | ✗ | $0 |
| Webull | Coming soon | $0 | $0 | ✗ | $0 |
| CommSecMost expensive | $10–$19.95+ | 0.31% min $8 | $10–$19.95 | ✓ | $0 |
Superhero's $2 flat fee is unbeatable for trades under $5,000. Second cheapest is Stake at $3. CommSec charges $10–$19.95 for the same trade.
Both charge $0 commission. The real cost is FX conversion — Stake charges 0.5%, eToro 0.5%. For large trades, IBKR's 0.002% FX rate is far cheaper.
Vanguard charges $0 brokerage on its own ETFs AND has the lowest management expense ratios (MER) in Australia. Ideal for passive investors.
For trades above $20,000, IBKR's percentage-based fee (0.08%) beats the flat-fee brokers. Also has the cheapest FX rates of any Australian broker.
Pearler's automatic investment feature charges just $3 per scheduled purchase, less than Superhero's $2 manual fee. Set and forget.
eToro has the most beginner-friendly interface and a $100k virtual practice portfolio. Superhero is simpler than most if you just want to buy ASX shares.
CommSec is owned by Commonwealth Bank, one of Australia's largest companies. Its pricing reflects a full-service brokerage model that was designed before discount brokers existed — and it hasn't had to change because millions of Australians use it by default through their CBA banking relationship.
On a $5,000 ASX trade, CommSec charges $19.95. Superhero charges $2 for the exact same trade. Over a year of monthly investing that's $239.40 vs $24 — a difference of over $215. Compounded over 10 years that gap becomes significant.
CommSec does offer genuine value in its research tools, Morningstar data, CGT reporting, and CBA integration. But for most investors, those features don't justify paying 10x the brokerage.
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General Advice Warning: The information on this website is general in nature and does not take into account your personal financial situation, needs or objectives. It is not financial advice and should not be relied upon as such. BrokerVsBroker does not hold an Australian Financial Services Licence (AFSL). Before acting on any information on this site, you should consider whether it is appropriate for your circumstances and seek independent financial advice if necessary. Always read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any investment decision. Past performance is not indicative of future performance. Investing involves risk, including the possible loss of capital. Fee information is sourced from broker websites and is subject to change — always verify current fees directly with the provider. BrokerVsBroker may receive affiliate commissions from brokers featured on this site. This does not influence our fee data or comparisons. © 2026 BrokerVsBroker. All rights reserved.