Exchange Review

eToro vs CommSec

Quick-Take: The eToro platform provides a better overall trading experience compared to CommSec because they offer lower fees, more markets and even cryptocurrencies.

Verified Author

eToro is one of the largest global multi-asset trading platforms that allows Australian investors to buy, sell and trade Cryptos, Global Stocks, ETFs, Commodities and much more. Their platform charges zero commissions on trades and a small 50bps fee to deposit AUD into their exchange fro any bank account.

CommSec is a share brokerage platform by the Commonwealth Bank that offers primarily Stocks, Commodities and ETFs. Investors can only use their platform by depositing AUD from a Commonwealth Bank account, which means if you are an ANZ Bank or NAB Bank account holder, you are out of luck.

This eToro vs SelfWealth comparison will help you decide which platform is best for your needs as an investor, or a trader.

Exchanges
eToro vs CommSecCommSec vs eToro
Trading Fees
0%
$19.95 per trade
Available Markets
25 Global Stock Markets, Cryptos, Commodities, ETFs
15 Global Markets, Commodities and ETFs
AUD Deposit Options
Bank Transfer, PayID, PayPal, Credit Card or Osko
Bank Transfer via CommBank only
Crypto Staking & Trading
Aussie & US Stocks
24/7 Local Support
Overall Best

Table of Contents

eToro vs CommSec: Features & Markets

eToro provides the best access to a wide variety of financial markets for Australian users. Their platform allows you to trade over 25 global markets in Australia, USA, Hong Kong, India, China Europe and much more. You can also buy, sell and stake cryptocurrencies to earn passive income through staking rewards.

CommSec on the other hand offers easy access and deep liquidity for Australian and US Markets primarily. Their platform is tailored more toward high-net worth and institutional investors looking to get large fills on orders. We we would recommend their platform for investors looking to buy small-cap Australia stocks.

eToro Globall Markets vs CommSec

Winner: eToro is the better platform because they offer more markets and features for Australian users.

Trading Fees

eToro charges zero trading fees to buy or sell any asset on their platform. They do charge a 50bps (0.5%) AUD deposit fee to convert AUD to USD and trade on their platform. This is cheaper than alternatives like State who charge 0.9% for reference.

CommSec charges a fixed fee of $29.95 for trades under $10,000 AUD in value. For trades above that value, they take a fixed 0.52% fee on trades through the CommSec App.

Winner: eToro is slightly cheaper than CommSec for trades above $10,000 AUD.

Institutional Offerings and OTC

CommSec's main advantage over eToro is their OTC desk service for high-net worth and institutional investors. CommSec One, which is their offering for sophisticated investors is their premier trading desk for users looking to trade large parcel's over $250,000.

eToro also offers an OTC desk for high-net worth investors, but it is not as highly regarded as CommSec One and their institutional platform.

Winner: CommSec One is the better trading platform for institutional investors looking to trade over $250,000 in volume.

Final Verdict: eToro vs CommSec

It is clear that eToro provides a more versatile trading experience for retail investors looking to engage in different markets. eToro offers the widest range of assets making it the best multi-asset brokerage available for Australian investors and traders.

Their trading fees are also cheaper for orders under $250,000 AUD in total size.

Visit eToro

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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