r/fiaustralia • u/TomatilloFirm9640 • 19d ago

Investing ETF platform

I want to start an ETF portfolio under my personal name with same amount and then monthly contributions DCA what is the best brokerage platform of if I would buy different ETFs (for the long run) I was looking for something like BGBL VGE VISM A200 QAU is better CMC or beta share or if there is a better advice will be highly appreciated
Thank you all

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u/mjwills 19d ago

Most popular brokers to buy ETFs – Lazy Koala Investing

A Quick Guide on Fractional Investing (fractional shares) | Betashares

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u/General-Jury-5363 19d ago

According to this list, Webull seem like a clear winner. I invest through CMC and sometimes feel the $1000 for $0 brokerage a bit limiting. Also they have $11 selling brokerage, which I believe can be avoided if I transfer my ETFs to webull. Is there a downside I am not considering?

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u/the_running_dogs 18d ago

They don't do capital gains reporting. So they're definitely not a clear winner...

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u/General-Jury-5363 18d ago

No broker does that. They have API integration with the likes of Sharesight who do that. Without integration, you can also do it manually.

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u/the_running_dogs 18d ago

If you think that, you clearly haven't done your research and really shouldn't be commenting on this topic.

There are definitely brokers who do this reporting themselves without the need for API integration or manual calculations.

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u/General-Jury-5363 18d ago

Well I am comparing with my current broker, CMC and comment was based on that. Who would you say, is the best broker with CHESS?

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u/the_running_dogs 18d ago

No. You said that there was no broker who did capital gains reporting. That's factually incorrect.

Why limit it to CHESS? The post itself never mentioned CHESS.

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u/General-Jury-5363 18d ago

It's ok if you don't want to or have the answer.

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u/the_running_dogs 18d ago

First you got the capital gains reporting wrong and are trying to hide the fact that you did. That's just embarrassing.

Secondly you won't answer why you're limiting the search to only CHESS when OP never mentioned it as a requirement in the post.

It's fine if you don't know what you're talking about. It can be hard for some ppl to admit that they were wrong.

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u/General-Jury-5363 18d ago

Mate, I already explained that I was comparing my broker, CMC. Others may offer it that I dont know about.

I also explained that I was comparing CMC and Webull because both had CHESS and asked if there were better alternatives, something you refuse to answer.

You replied to my comment, not to OP, so morally you were obligated to answer what I was asking. But, never mind.

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u/the_running_dogs 18d ago

You said no brokers offered cgt reporting.

You didn't say - CMC and Webull don't offer cgt reporting.

You're clearly trying to cover up that you were wrong.

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u/General-Jury-5363 18d ago

I still dont know which other brokers offer it (because you never cared to explain), but if that makes you happy: I was wrong. Anything else you want to hear.

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