St.George Directshares brokerage, CHESS sponsorship and licence
- Website
- stgeorge.com.au/personal/investments/directshares-online-broking
- Product
- Directshares
- Legal entity
- CMC Markets Stockbroking Limited The service is provided by CMC Markets Stockbroking at the request of St.George Bank, a division of Westpac Banking Corporation (ABN 33 007 457 141, AFSL 233714). BankSA and Bank of Melbourne offer the same Directshares service, which their own pages say is 'offered by St.George Bank'.
- 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 · Exchange Traded Options Product Disclosure Statement · St.George Directshares Trading Account Disclosure Documents
- 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
“Trade Value 1st order placed^ in the calendar month 2nd and subsequent orders placed^ in the calendar month 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: stgeorge.com.au/personal/investments/directshares-online-broking/rates-and-fees · Confirmed on the broker's page on 13 November 2026 (the words are split across a table there).
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: stgeorge.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/support-and-learn
- stgeorge.com.au/personal/investments/directshares-online-broking/new-account
- banksa.com.au/personal/investments/directshares-online-broking
- bankofmelbourne.com.au/personal/investments/directshares-online-broking
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