
The below is mentioned on stake https://hellostake.com/au/transfer-shares-from-cmc-markets-to-stake?utm_source=copilot.com
CMC Markets charge a transfer out fee of $100 per holding on international listed products. Each holding must be over AU$10,000 in order to transfer the shares off platform.
A fee of $55 per holding applies for Australian listed products, where the stock transfer is leaving CMC Markets to another broker, Issuer sponsored holding or between CMC accounts.
Similar thing mentioned on CMC Markets.
But i have seen here many people recommending to buy through CMC and then transfer/sell through Stake for optimum brokerage.
So if I purchase 10 different shares under 1000$ each, I pay zero commission to CMC.
But when its time to sell, I have to pay 11 x 10 = 110 $ to CMC or (55<transfer shares> x 10) + (3<stake brokerage> x 10) =580$ to sell them.
Is my understanding correct?