share trading alternatives

Alternatives to nabtrade

nabtrade is a CHESS-sponsored broker backed by NAB, offering ASX and US trades from $9.95 alongside access to UK, Hong Kong and German markets. It's a solid choice for investors who want a big-bank name and international reach. But if you're paying $9.95 per trade and wondering whether cheaper options exist, or you want features like auto-invest or fractional shares that nabtrade doesn't offer, there are plenty of alternatives worth a look. We've picked six alternatives that each bring something different to the table, from lower fees to specialised features.

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 and US trades from $3 are significantly cheaper than nabtrade's $9.95 minimum.

ASX brokerage minimum: $3(nabtrade: $9.95)
ASX ETFs supported: Yes
CHESS sponsorship model: mixed(nabtrade: chess)

Full Stake breakdown →Side-by-side with nabtrade

#2 alternative

Pearler

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

Auto-invest and community features suit long-term investors who want to set and forget their portfolio.

ASX brokerage minimum: $6.5(nabtrade: $9.95)
ASX ETFs supported: Yes
CHESS sponsorship model: mixed(nabtrade: chess)

Full Pearler breakdown →Side-by-side with nabtrade

#3 alternative

moomoo

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

US trades from $0.99 and fractional US shares with CHESS sponsorship and options trading included.

ASX brokerage minimum: $3(nabtrade: $9.95)
ASX ETFs supported: Yes
CHESS sponsorship model: chess

Full moomoo breakdown →Side-by-side with nabtrade

#4 alternative

Webull

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

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

ASX brokerage minimum: $1(nabtrade: $9.95)
ASX ETFs supported: Yes
CHESS sponsorship model: chess

Full Webull breakdown →Side-by-side with nabtrade

#5 alternative

CommSec

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

CBA-owned CHESS-sponsored broker with ASX trades from $5 and a more established retail platform.

ASX brokerage minimum: $5(nabtrade: $9.95)
ASX ETFs supported: Yes
CHESS sponsorship model: chess

Full CommSec breakdown →Side-by-side with nabtrade

#6 alternative

Superhero

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

ASX and US trades from $2 with fractional US shares, though it uses custodian rather than CHESS model.

ASX brokerage minimum: $2(nabtrade: $9.95)
ASX ETFs supported: Yes
CHESS sponsorship model: custodian(nabtrade: chess)

Full Superhero breakdown →Side-by-side with nabtrade

Common questions

Is nabtrade CHESS-sponsored?

Yes, nabtrade is fully CHESS-sponsored, meaning your ASX shares are held in your own HIN under your name. This gives you direct ownership of your holdings on the ASX register.

Can I trade international shares with nabtrade alternatives?

Yes, many alternatives offer US share trading and some provide access to UK, European or Asian markets. Fees vary widely, so compare international brokerage rates before choosing.

What are the cheapest alternatives to nabtrade for ASX trading?

Several brokers offer ASX trades well below nabtrade's $9.95 minimum, with some charging as little as $1 to $3 per trade. Just check whether they offer CHESS sponsorship if direct ownership matters to you.

Do any nabtrade alternatives offer auto-invest or fractional shares?

Yes, several alternatives support automatic investing on a regular schedule and fractional share ownership. These features are useful if you want to dollar-cost average or invest smaller amounts regularly.

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