share trading alternatives

Alternatives to CMC Invest

CMC Invest is known for CHESS-sponsored ASX trading from $11, commission-free US shares, and access to 14 global markets. It also offers options trading, auto-invest, and kids accounts. But $11 per ASX trade is on the higher side compared to some competitors, and the platform may not suit everyone's budget or feature preferences. Whether you're looking for lower fees, a different ownership model, or specific tools like fractional shares, there are solid alternatives worth comparing. Here are 7 alternatives to CMC Invest that offer different trade-offs in cost, features, and market access.

By Investmatch Research Team · Last updated 18 May 2026

#1 alternative

Stake

CHESS-sponsored ASX trades from $3, plus US shares with fractional ownership.

ASX trades from $3 are significantly cheaper than CMC's $11, with US fractional shares included.

ASX brokerage minimum: $3(CMC Invest: $11)
ASX ETFs supported: Yes
CHESS sponsorship model: mixed(CMC Invest: chess)

Full Stake breakdown →Side-by-side with CMC Invest

#2 alternative

Webull

CHESS-sponsored ASX trading from $1, plus zero-commission US shares and fractional US shares.

ASX trades from just $1 and zero-commission US shares make it one of the cheapest CHESS-sponsored options.

ASX brokerage minimum: $1(CMC Invest: $11)
ASX ETFs supported: Yes
CHESS sponsorship model: chess

Full Webull breakdown →Side-by-side with CMC Invest

#3 alternative

Pearler

Community-focused CHESS-sponsored investing from $6.50. Auto-invest, kids accounts, US fractional shares.

Community-focused platform with auto-invest from $6.50 and kids accounts, ideal for long-term investors.

ASX brokerage minimum: $6.5(CMC Invest: $11)
ASX ETFs supported: Yes
CHESS sponsorship model: mixed(CMC Invest: chess)

Full Pearler breakdown →Side-by-side with CMC Invest

#4 alternative

moomoo

CHESS-sponsored ASX trading from $3, US from $0.99. Fractional US shares, no platform fee.

CHESS-sponsored ASX from $3 and US from $0.99, with options trading and fractional shares included.

ASX brokerage minimum: $3(CMC Invest: $11)
ASX ETFs supported: Yes
CHESS sponsorship model: chess

Full moomoo breakdown →Side-by-side with CMC Invest

#5 alternative

Superhero

Custodian-held ASX & US trading from $2 brokerage. Fractional US shares, no platform fees.

Custodian model with ASX and US trades from $2, plus fractional US shares and no platform fees.

ASX brokerage minimum: $2(CMC Invest: $11)
ASX ETFs supported: Yes
CHESS sponsorship model: custodian(CMC Invest: chess)

Full Superhero breakdown →Side-by-side with CMC Invest

#6 alternative

CommSec

CBA-owned CHESS-sponsored trading from $5 brokerage on ASX and US shares.

CBA-backed CHESS-sponsored broker with ASX trades from $5 and a trusted, full-featured platform.

ASX brokerage minimum: $5(CMC Invest: $11)
ASX ETFs supported: Yes
CHESS sponsorship model: chess

Full CommSec breakdown →Side-by-side with CMC Invest

#7 alternative

Interactive Brokers Australia

Custodian-held ASX trading from $6, plus 30+ global markets and US fractional shares.

Custodian-held broker with US trades from $1 and access to 30+ global markets for active traders.

ASX brokerage minimum: $6(CMC Invest: $11)
ASX ETFs supported: Yes
CHESS sponsorship model: custodian(CMC Invest: chess)

Full Interactive Brokers Australia breakdown →Side-by-side with CMC Invest

Common questions

Is CMC Invest CHESS-sponsored?

Yes, CMC Invest is fully CHESS-sponsored, meaning your ASX shares are held in your own name on the Australian share registry. This gives you direct ownership and protection if the broker goes under.

Are there cheaper alternatives to CMC Invest for ASX trading?

Yes, several CHESS-sponsored brokers offer ASX trades for less than CMC's $11 minimum. Some charge as little as $1 to $5 per trade, which can make a big difference if you trade frequently or invest smaller amounts.

Does CMC Invest offer fractional shares?

CMC Invest does not offer fractional shares on ASX, but it does offer commission-free US shares. If fractional shares are important to you, look for a broker that supports them on either ASX or US markets.

Can I use CMC Invest for an SMSF?

Yes, CMC Invest supports SMSF accounts. Several alternatives also offer SMSF accounts, though fees and features vary, so it pays to compare what each broker charges for SMSF trading.

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