Comparison
PaperWealth vs CommSec
PaperWealth is a simulated investing platform. CommSec is a real-money broker. This page outlines the differences so you can understand each platform's role.
Last updated: January 2026
Important: This is general information and education only and doesn't take into account your objectives, financial situation or needs. It's not financial advice. Consider getting advice from a licensed financial adviser before acting.
Quick comparison
| Feature | PaperWealth | CommSec |
|---|---|---|
| Primary purpose | Learning with simulated money | Real money brokerage and investing |
| Real trade execution | No | Yes |
| Market focus | ASX stocks and ETFs | ASX and international markets (varies by account) |
| Fees and brokerage | No brokerage (simulated) | Brokerage fees apply |
| Learning tools | Simulated portfolios and backtesting | Research tools and market news |
| Risk of loss | No real capital at risk | Real capital at risk |
Typical use cases
The right tool depends on whether you are practising or investing with real funds.
PaperWealth
Practising ASX investing without real money
PaperWealth is designed for simulation and education. It can be used to build familiarity with the market before investing real money.
CommSec
Buying and selling real investments
CommSec is a brokerage platform that allows real trade execution and holding of assets.
Key differences
Execution: PaperWealth does not execute real trades. CommSec executes trades on the ASX and other supported markets.
Risk: PaperWealth uses simulated money, so there is no financial risk. CommSec involves real capital and market risk.
Learning: PaperWealth includes tools focused on practice and backtesting. CommSec provides brokerage services and market research tools.
Explore PaperWealth
If you want to practise ASX investing without real money, explore a demo portfolio or read the practice investing FAQ.