Swapping Brokerage Platforms

In by Tash Gustke1 Comment

Tash Gustke

I currently buy and sell shares through Westpac (mainly buying as I am looking at long term compound growth), however I am looking at selling a few shares. As Westpac has a high brokerage fee I was wondering if it is possible to sell shares my shares
through another platform or to move my portfolio across to another platform?

Thanks, Tash

  • Edit

    Hey Tash,

    You can not sell through another platform unless you transfer your shares to another platform. This usually requires paperwork and a transfer fee that will most likely be higher than the brokerage you would pay. Perhaps decide on what broker you want to use, and then from here on in, just use that one to get cheaper brokerage. Hope that helps.