Generally speaking, both SelfWealth and CommSec have very similar platforms for Australian investors. Deciding on which brokerage is best will really come down to the individual, what markets they want to invest in and how much they plan to trade each month.
If you want to trade Australian shares with low fees, SelfWealth is your best bet. If you are interested in trading global markets with larger size, then CommSec outcompetes SelfWealth in this regard.
SelfWealth vs CommSec: Australian Shares
If you are looking to trade only Australian (ASX Listed) shares, the fees and charges for CommSec and SelfWealth are only competitive if you are trading under $1,000 in size. For higher amounts, SelfWealth is without doubt the best and most competitive trading platform for investors.
With that said, if you are a newbie the user experience on CommSec is much better. We would recommend using CommSec if you are a new investor and you are not very price sensitive on fees.
SelfWealth vs CommSec: Cryptocurrencies
Both SelfWealth and CommSec do not offer native support for their users to buy, sell or trade cryptocurrencies like Bitcoin and Ethereum. If you are interested in crypto, be sure to check out our guide on how to buy crypto in Australia.
SelfWealth vs CommSec: Conclusion
When review the key components of both SelfWealth and CommSec, it is clear that SelfWealth is the superior platform for Australian investors. Their fees are lower than CommSec's by a wide margin and they offer a significantly wider range of tradable markets.
Further, SelfWealth have teased that they will likely add cryptocurrencies to their brokerage account - which is something to look forward to for investors!
Australia, USA and 26 other international markets
Australia and USA only
Australia Shares Brokerage Fees
$10 per trade up to $1,000 $19.95 per trade between $1,000 - $10,000 $29.95 per trade between $10,000 - $25,000 0.12% over $25,000
AU $9.50 flat fee
US Shares Brokerage Fees
$19.95 per trade up to $5,000 $29.95 per trade up to $10,000