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PDF Editor FAQ

Which online chess-sponsored broker is the best and cheapest for an Australian citizen to buy Vanguard ETFs?

It is great that you are looking for a shortlist by filtering out based on the Chess sponsorship, suggests that you have already done some research.But before suggesting any names, I think it is important to understand some other attributes that can help define “best” in addition to cost & fees while selecting an online broker:1) InstrumentsSome brokers such as CommSec pocket and some robo-advisors allow you to invest in a select few ETFs (including Vanguard) of their choice. So it becomes important to check beforehand if the online broker supports all instruments listed on the ASX that you may be interested in or can become interested in the future.2) Real time pricingThough it will be a given but still it is better to check whether the pricing is real time or somewhat delayed. Sometimes brokers have different subscription plans where real time pricing might be a feature at the higher plans3) MarketsMost Australian online brokers allow you to trade on ASX. If you want to trade on international markets, then it is better to check whether the broker supports those markets. With the trend of free US trading, there is also a new generation of brokers that is built for trading on US markets and not ASX. Hence, it makes sense to check before signing up.4) Reporting and ResearchDepending on how much you will depend on the reporting and research of the broker, this is another feature to check. Though there are specialised and sometimes better sources of research such as Morningstar and reporting such as Sharesight that can be depended upon. Hence, this could be lower down the order of priority while selecting a broker.5) Credibility and HistoryAs financial transactions are involved it is best to check the history of the broker and read more about the online feedback from the user base about support and executionAfter you have considered all those things you’re in a strong position to evaluate brokers.I personally suggest you maybe look at Selfwealth, CMC Markets, Onmarket, Pearler to name a few which have low cost and direct ownership as the main selling points.If you are looking to invest only in Vanguard products, then there is the option of signing up on the Vanguard platform and invest directly.From my own perspective, I would prefer signing up with any Australian broker that can easily import your trading data to Sharesight which will make your investment independent of investment funds and also make tracking your performance and calculating the tax on your shares and ETFs the easiest..

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