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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

Broker 1

Broker 2

VS field	CommSec commsec.com.au ETF BrokerOptions BrokerETF	DEGIRO degiro.com ETF BrokerMulti Asset BrokerETF
Decision summary
Overall score

Trust score	88	100

Cost score	64	92

Platform score	78	92

Withdrawal score	82	89

Best for	Australian retail investors · CommBank customers wanting CDIA settlement integration · ASX shares and ETF investors	European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products

Watch out	Needs verification	Needs verification

Trust & regulation
Regulators	ASIC AFSL; market participant of ASX and Cboe Australia; clearing participant of ASX Clear; settlement participant of ASX Settlement Source	Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB. Source
License numbers	AFSL 238814; ABN 60 067 254 399; Share Direct AR Ref 274819; CBA AFSL 234945 Source	Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245. Source
Regulated entities	Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814; Share Direct Nominees Pty Limited AR 274819; Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 Source	DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main. Source
Negative balance protection	No CFD/FX negative-balance-protection regime identified; margin lending can involve margin calls and sale of collateral if obligations are not met. Source	No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only. Source
Investor compensation	No explicit investor compensation scheme found in reviewed official CommSec pages; Australian CHESS/market protections and CBA deposit guarantees, if applicable, require product-specific review. Source	Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply. Source
Restricted countries	Australian residents only; U.S. Persons and non-Australian residents barred from International Shares; other custodian country restrictions may apply Source	Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page. Source

Trust & regulation

Regulators

ASIC AFSL; market participant of ASX and Cboe Australia; clearing participant of ASX Clear; settlement participant of ASX Settlement

Source

Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB.

Source

License numbers

AFSL 238814; ABN 60 067 254 399; Share Direct AR Ref 274819; CBA AFSL 234945

Source

Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245.

Source

Regulated entities

Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814; Share Direct Nominees Pty Limited AR 274819; Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945

Source

DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main.

Source

Negative balance protection

No CFD/FX negative-balance-protection regime identified; margin lending can involve margin calls and sale of collateral if obligations are not met.

Source

No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only.

Source

Investor compensation

No explicit investor compensation scheme found in reviewed official CommSec pages; Australian CHESS/market protections and CBA deposit guarantees, if applicable, require product-specific review.

Source

Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply.

Source

Restricted countries

Australian residents only; U.S. Persons and non-Australian residents barred from International Shares; other custodian country restrictions may apply

Source

Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page.

Source

Costs & account conditions
Minimum deposit	Free account opening/no ongoing account-keeping fees; Pocket minimum investment $50; standard ETF minimum $500; margin loan minimum credit limit $20,000; no ordinary share-trading cash minimum disclosed. Source	No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account. Source
Spread from	CommSec is primarily a listed-securities broker; official sources disclose brokerage/fees rather than FX/CFD-style spreads. Source	Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs. Source
Commission	Australian shares from AUD $5 online/CDIA; Pocket from AUD $2; U.S. international from USD $5 or 0.12%; non-U.S. international market minimums; ETO online from AUD $34.95 plus contract fees Source	Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply. Source
Maximum leverage	Margin Loan borrowing depends on approved investments/LVR; no single maximum leverage ratio disclosed on reviewed public pages. Source	DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources. Source
Deposit fee	No CDIA account-keeping or electronic transaction fees; online transfers/direct debits and CBA ATM withdrawals free; International instant funding AUD $0.00 Source	No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees. Source
Withdrawal fee	CDIA electronic withdrawals free; International ACATS $0; US DRS transfer-out USD $5; DRS/transfer-in fees may apply Source	No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees. Source
Inactivity fee	Inactivity Fee AUD $0.00 Source	No inactivity fee; UK fee page lists inactivity fee as €0. Source

Costs & account conditions

Minimum deposit

Free account opening/no ongoing account-keeping fees; Pocket minimum investment $50; standard ETF minimum $500; margin loan minimum credit limit $20,000; no ordinary share-trading cash minimum disclosed.

Source

No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account.

Source

Spread from

CommSec is primarily a listed-securities broker; official sources disclose brokerage/fees rather than FX/CFD-style spreads.

Source

Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs.

Source

Commission

Australian shares from AUD $5 online/CDIA; Pocket from AUD $2; U.S. international from USD $5 or 0.12%; non-U.S. international market minimums; ETO online from AUD $34.95 plus contract fees

Source

Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply.

Source

Maximum leverage

Margin Loan borrowing depends on approved investments/LVR; no single maximum leverage ratio disclosed on reviewed public pages.

Source

DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources.

Source

Deposit fee

No CDIA account-keeping or electronic transaction fees; online transfers/direct debits and CBA ATM withdrawals free; International instant funding AUD $0.00

Source

No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees.

Source

Withdrawal fee

CDIA electronic withdrawals free; International ACATS $0; US DRS transfer-out USD $5; DRS/transfer-in fees may apply

Source

No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees.

Source

Inactivity fee

Inactivity Fee AUD $0.00

Source

No inactivity fee; UK fee page lists inactivity fee as €0.

Source

Markets, platforms & payments
Tradable assets	Australian and international shares, ETFs, options, warrants, fixed income/bonds, managed funds via margin lending, cash products Source	Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability. Source
Trading platforms	Website, CommSec app, CommBank app/Pocket, CommSecIRESS and phone Source	DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android. Source
Account types	Australian shares, international shares/Plus, options, margin lending, Pocket, minor trust, SMSF, CDIA and Notice Investor Source	DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available. Source
Deposit methods	CDIA/NetBank linked transfers, external bank transfer to CDIA, CBA ATM/branch deposits, AUD International Wallet transfers Source	Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency. Source
Withdrawal methods	CDIA transfer via NetBank; CDIA branch/ATM access; international account withdrawals in AUD only Source	Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn. Source
Withdrawal processing time	T+2 settlement for sale proceeds; access may take one extra business day; international withdrawals settled funds only Source	Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete. Source

Markets, platforms & payments

Tradable assets

Australian and international shares, ETFs, options, warrants, fixed income/bonds, managed funds via margin lending, cash products

Source

Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability.

Source

Trading platforms

Website, CommSec app, CommBank app/Pocket, CommSecIRESS and phone

Source

DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android.

Source

Account types

Australian shares, international shares/Plus, options, margin lending, Pocket, minor trust, SMSF, CDIA and Notice Investor

Source

DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available.

Source

Deposit methods

CDIA/NetBank linked transfers, external bank transfer to CDIA, CBA ATM/branch deposits, AUD International Wallet transfers

Source

Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency.

Source

Withdrawal methods

CDIA transfer via NetBank; CDIA branch/ATM access; international account withdrawals in AUD only

Source

Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn.

Source

Withdrawal processing time

T+2 settlement for sale proceeds; access may take one extra business day; international withdrawals settled funds only

Source

Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete.

Source

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