Any Ways to Avoid Brokerage Fees for New Trader?

So I'm just looking to get into the stocks now, been considering it since high school but i'm very prone to procratination…
Unfortunately look like I JUT missed the $1000 nabtrade offer, so I'm looking for alternatives as theonly ones I know of are commsec (which from what I remember years back charges something like $20 per transaction?) and selfwealth, which I jut came across in the nabtrade comments. Are there any go-to accounts people opening for the first time usually go for? Any referral deals or some such? Free trades?

Comments

  • +1 vote

    Commsec generally offers something similar.
    To bw honest brokerage is only a small percentage of your trade on $20k investment its 0.09% (assuming $20).
    If you are looking at doing just small trades like <$1k, look at commsecgo or similar.
    Youre better off looking for a broker that suits your needs rather get sucked in for these gimics.

  • +1 vote

    SelfWealth with 5 bonus trades when signing up with Ozbargain referral, then only $9.50 flat brokerage after that.

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    you have been procastinating that proof reading course (i have probrably made mistakes myself)

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      You are correct. I was sleepy and in a rush because my niece was upset. But you are correct.

  • +1 vote

    If your share parcels are so small that $20 brokerage makes a difference to the long term outcome then you probably should save a bit more and buy bigger quantities like $5k at a time.

    If you think $5k is too much to risk then it's not a company worth buying or you haven't done sufficient analysis to make you confident in your purchase.

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