Commissions & Fees

1. DISCLAIMER: Comparison to other providers is based on our understanding of their published rates for trading US shares available on their websites as of 1 May 2026. We assumed account based currency is AUD and the trade is purchasing US stocks, and thus an FX conversion from AUD to USD would be required. The comparison is shown for illustrative purposes only. For confirmation of the most up to date competitor rates on different account types and product information you should visit their websites.
2. Total cost considers execution commission and FX conversion costs charged by the providers, including FX spread applied. In the case of IBKR, and some other providers where readily disclosed, we have also included regulatory, clearing and exchange fees that are passed through to the client on a transactional basis for US stock purchases. Some providers charge a custody fee which has not been included here (note IBKR does not charge custody fees). For comparison purposes, all figures are shown in AUD, and where the providers, including IBKR, quote fees in USD, these are converted to AUD. The USD/AUD FX rate we used in the comparison table is 1.38877 (AUD/USD = 0.719966).
3. IBKR, tiered stock commissions of USD 0.0035 per share (for the lowest tier) (with min USD 0.35 per order and max 1% of trade value per order) plus relevant exchange, regulatory and clearing fees. IBKR also offers a fixed fee of USD 0.005 per share (with min USD $1 per order and max 1% of trade value per order) which does not include most relevant exchange, regulatory and clearing fees. The calculations in this table are using IBKR's fixed stock commission, converted to AUD. IBKR’s FX fee quotes the total automated currency conversion service rate of 0.03%, which is what is used in this calculation. Client initiated standalone FX conversion commissions are 0.002%, with a minimum of USD 2.00. Note IBKR do not apply any additional FX spread on the prevailing FX rate for client initiated FX conversions. Full rate card is available by visiting IBKR Commissions.
4. Webull charge $0 commission but apply a 50 bps or 0.50% spread on the FX conversion.
5. 0.60% is the maximum spread CMC apply.
6. Superhero charge 0.01% of trade value with a minimum USD 2.00 per trade.
7. Stake charge 0.01% of trade value with a minimum USD 3.00 per trade, with an FX spread of 55 bps or 0.55%.
8. NABTrade charge tiered fee starting at AUD 9.95 per trade up to 0.11% of trade value for trades over AUD 20,000. NABTrade also apply an FX spread between 0.50% and 0.80%. In this comparison table the lower FX spread of 0.50% or 50 bps has been used in these calculations.
9. Selfwealth charge flat fee of USD 9.50 per trade and 60bps or 0.60% FX spread.
10. Westpac Online provide clients an AUD account ("AUD Wallet") where all funds are in AUD, or a Foreign Currency wallet where funds can be held in multiple currencies. The calculation assumes client has converted AUD to USD in order to settle the USD trade.
11. Assuming each trade executed relates to 1 order (as Tiger Brokers charge brokerage of USD $2 per order for order >= 1 share and <= 200 shares). In addition Tiger Brokers apply an FX spread of 0.55%
12. Assuming each trade executed relates to 1 order (as MooMoo charge commission of $0 plus a platform fee of USD $0.99 per order). In addition MooMoo apply an FX spread of 0.50%

When you invest, your capital is at risk. The value of your portfolio can go down as well as up, and you may get back less than you invest.