Bank of Melbourne has teamed up with St.George
Sometimes it’s best to get help from a professional. That’s why we’ve teamed up with St.George to make trading much simpler. The directshares trading platform also offers the convenience of linking your eligible account to settle your trades.
Pay only when you trade, with competitive online broking fees.
From $19.95 per trade*.
Buy, sell and manage your
share portfolio with ease
You can also select from the following features …
Settle to your account
Choose to trade with your own funds from an eligible bank account or borrow money to invest with a margin loan. If you bank with Bank of Melbourne, St.George Bank or BankSA; you can link your eligible bank account to settle your trades^.
Trading account options
Opt to set up your trading account as an individual, joint with someone else, as a company, registered body, trustee or super fund.
Transfer securities from an existing account
directshares makes it easy to switch existing shares over to your new trading platform.
A range of products to invest in
Trade a range of products including shares, options, ETFs, and warrants.
With directshares SharePacks you can purchase a diversified portfolio of 8 shares from different industries. The shares are chosen by a consensus of analyst recommendations and updated weekly.
directshares Power is a professional-standard version of the directshares platform. If you trade 5 times or more in a month you can access directshares Power at no extra cost.
Proactive tax management
Tax Tools Plus and Premium helps estimate your tax liabilities before you incur them and manage your trading throughout the year, so you have a better idea of your potential tax position.
Internet brokerage rates & fees
Brokerage fees depend on the value of the trade and how many trades you’ve made in a calendar month. Our standard brokerage rates (inc. GST) for trading ASX-listed securities via the Internet are:
Trades per calendar month
$19.95 for trade value up to $5000
$24.95 for trade value ranging from $5,001 up to $10,000
$29.95 for trade value ranging from $10,001 up to $28,000
0.11% for trade value greater than $28,000
2nd trade & subsequent
$19.95 for trade value up to $18,000
0.11% for trade value greater than $18,000
How to apply for directshares
^ You can use most St.George, Bank of Melbourne or BankSA deposit accounts to link to your directshares broking account. If you are unsure if your account is eligible call 1300 133 500. Ineligible accounts include Maxi Saver accounts, Fixed Term accounts, Sense Savings accounts and Business Access Saver accounts.