Bank of Melbourne Directshares brokerage, CHESS sponsorship and licence
- Website
- bankofmelbourne.com.au/personal/investments/directshares-online-broking
- Product
- Directshares
- Legal entity
- CMC Markets Stockbroking Limited The Directshares service provided by CMC Markets Stockbroking at the request of St.George Bank, a division of Westpac Banking Corporation; Bank of Melbourne is another Westpac brand and its page says 'online share trading is offered by St.George Bank'. Same service as stgeorge-directshares.
- ASX shares
- No restriction stated
- Your shares
- CHESS-sponsored
- Executes ASX orders
- CMC Markets Stockbroking Limited
- Clears and settles
- CMC Markets Stockbroking Limited
- International shares
- Yes
- Account fee
- None
- Documents
- Rates & fees · St.George Directshares Financial Services Guide (FSG) · St.George Directshares Terms and conditions · Directshares
- Record re-read by hand
- 7 November 2026
The support page says trading, clearing, settlement and sponsorship arrangements are directly with CMC Markets Stockbroking, and the Terms include a Part G CHESS Sponsorship Agreement. International shares are held in custody with BNP Paribas SA.
Brokerage
| Trade value | Brokerage |
|---|---|
| Up to $5,000 | $19.95 |
| Over $5,000 to $10,000 | $24.45 |
| Over $10,000 to $28,000 | $29.95 |
| Over $28,000 | 0.11% |
First online order placed in the calendar month: $19.95 up to $5,000; $24.45 for $5,001-$10,000; $29.95 for $10,001-$28,000; 0.11% over $28,000 (GST included). Prices include GST.
- 2nd and subsequent online orders placed in the same calendar month: $19.95 up to $18,000; greater of $19.95 or 0.11% for $18,001-$28,000; 0.11% over $28,000.
- Requires an eligible St.George, BankSA or Bank of Melbourne transaction account (not savings or term deposit) in the exact same name, or a St.George/BankSA margin loan.
- Pro platform $49.00/month, waived in a month with 5 or more trades or no Pro logon; Standard platform free.
- Telephone orders from $69.95; international (Global Share Service) greater of $59 or 0.59%.
- International shares custody fee 0.50% a year (minimum $10), applied monthly to the value of foreign holdings; it may be waived if an international trade was placed in the previous 12 months.
Brokerage at common trade sizes
| Trade | Brokerage | Of trade |
|---|---|---|
| $500 | $19.95 | 3.99% |
| $1,000 | $19.95 | 1.99% |
| $2,000 | $19.95 | 1.00% |
| $5,000 | $19.95 | 0.40% |
| $10,000 | $24.45 | 0.24% |
| $25,000 | $29.95 | 0.12% |
| $50,000 | $55.00 | 0.11% |
| $100,000 | $110.00 | 0.11% |
What the broker says
Brokerage
“Up to $5,000 $19.95 $19.95 $5,001 - $10,000 $24.45 $19.95 $10,001 - $18,000 $29.95 $19.95 $18,001 - $28,000 $29.95 Greater of $19.95 or 0.11% of the trade value Over $28,000 0.11% of the trade value 0.11% of the trade value”
Source: bankofmelbourne.com.au/personal/investments/directshares-online-broking/rates-and-fees · Confirmed on the broker's page on 13 November 2026.
Holding
“Under this arrangement, your trading, clearing, settlement and sponsorship arrangements are directly with CMC Markets Stockbroking.”
Source: stgeorge.com.au/personal/investments/directshares-online-broking/support-and-learn · Confirmed on the broker's page on 13 November 2026.
Execution
“CMC Markets Stockbroking is a Participant of the ASX Group (‘ASX’), Sydney Stock Exchange (“SSX”) and Cboe Australia Pty Ltd (“Cboe”), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.”
Source: bankofmelbourne.com.au/personal/investments/directshares-online-broking · Confirmed on the broker's page on 13 November 2026.
International shares
“Buy and sell shares across 15 international markets with 24 hour support from our customer services team.”
Source: stgeorge.com.au/personal/investments/directshares-online-broking · Confirmed on the broker's page on 13 November 2026.
Licence
- AFS licence
- 246381 · CMC MARKETS STOCKBROKING LIMITED
- ABN
- 69081002851
- Licensed since
- 1 March 2004
- Principal business
- Sydney NSW 2000
- Authorised to
- Buy and sell securities for clients (retail clients)
- Hold assets for clients (custody) (retail clients)
- Advise on securities (retail clients)
- Make a market (retail clients)
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
Sources
- stgeorge.com.au/personal/investments/directshares-online-broking/rates-and-fees
- stgeorge.com.au/personal/investments/directshares-online-broking
- stgeorge.com.au/personal/investments/directshares-online-broking/support-and-learn
Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. Brokerage is read from each broker's own pages by hand and re-checked daily, so a price change can take a day to appear, and a broker can charge differently from its standard online rate. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.