There are 2 types of Share Trading Accounts: 1) CHESS Sponsored like CommSec or 2) Custodial like eToro.

The main considerations come down to 1) Ownership, 2) Cost, 3) Trading Size, 4) Investment Menu, 5) Charting software. Morningstar wrote a public article on this “CHESS or custodian”

Wrap accounts are an expanded version of Custodial accounts which can buy more things like Term Deposits, SMA’s or Managed Funds.

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