Low-cost brokerage

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by wombat777, 3rd May, 2017.

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  1. wombat777

    wombat777 Well-Known Member Premium Member

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    Last edited: 3rd May, 2017
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  2. Mac Fields

    Mac Fields Well-Known Member

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    Haven't heard about these companies before. From a quick read, they appear offer a little more than the online brokers (CBA, NABtrade, etc etc), but less than a face-face full service broker?

    You're looking for something more than the CBA, NAB etc?
     
  3. wombat777

    wombat777 Well-Known Member Premium Member

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    No. A friend asked me. Just seeing if anyone here is familiar with them.

    Personally, I am with commsec. Their app is reasonable enough but their brokerage is expensive.

    If there was an alternate broker that provides better fee structure, supports sharesight import and provides decent user experience ( desktop and app ) then I would consider it.

    I was with Suncorp ( cmc markets ) and their user experience was terrible.
     
  4. trinity168

    trinity168 Well-Known Member

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    I use both CommSec and belldirect.
     
  5. unwillingwillis

    unwillingwillis Well-Known Member

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    I have used E-trade (ANZ) Commsec in the past. I now only use Bell direct. Cheap and easy to use.
     
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  6. trinity168

    trinity168 Well-Known Member

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    Side note, Bell Direct had an investor evening a few weeks ago and, I got to meet Julia Lee. She is so nice. They are more into trading (of course), than LICs and boring investments. She is quite knowledgable and, provided a lot of insight. The CEO and IT lead was there was also.
     
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  7. Mac Fields

    Mac Fields Well-Known Member

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    Its great that those in the company are able and willing to come out and meet investors who use their platform.
     
  8. Zenith Chaos

    Zenith Chaos Well-Known Member

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    In my search for a new super fund I found this broker:

    Home - OpenMarkets Australia I Technology Stockbroker

    Was thinking about transferring my commsec holding and saving some brokerage. The only issue was I'd lose my free brokerage buying small FGG parcels periodically.
     
  9. wombat777

    wombat777 Well-Known Member Premium Member

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    How does the user experience compare for the two systems? Particularly for key functions like setting up trades, alerts and a quick look at charts / depth, etc.

    Can you do conditional trades in Bell Direct? Can it be easily integrated with a regular Australian bank account for settlement?

    ( same questions for all the others I guess )
     
  10. trinity168

    trinity168 Well-Known Member

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    1. Conditional orders - yes, based on amount or percentage
    2. Transfer money to/from Aus bank account for settlement
    3. Charts - yes. But depends on what type/s of charting you do. I can give some screenshot samples if you'd like.
     
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  11. trinity168

    trinity168 Well-Known Member

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    upload_2017-5-5_16-49-0.png


    Conditional Order

    upload_2017-5-5_16-50-14.png


    Basic charting - MACD ( there are others but am not a stock TA ... )
    upload_2017-5-5_16-52-11.png

    Another sample with ARG
    upload_2017-5-5_16-53-37.png
     
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  12. sash

    sash Well-Known Member

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    Try Morrison's Securities....
     
  13. wombat777

    wombat777 Well-Known Member Premium Member

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    Was actually asking for a friend. I'm quite happy with CBA as I like their app, although their brokerage fees are high.
     
  14. APINDEX

    APINDEX Well-Known Member

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    Hi Everyone thought I would reply to this thread I have opened an online account with Bell Direct and also looking at Commsec & CMC Commsec would be probably only to buy few US stocks (Any other online brokers for US stocks?) the the rest of my purchases would be LIC's and some small direct ASX purchases thinking maybe CMC since they are the cheapest don't need research etc. Has anyone used them?
    otherwise Bell Direct also look good..
     
  15. The Y-man

    The Y-man Moderator Staff Member

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    In which cases or circumstances do you used comsec?

    The Y-man
     
  16. Snowball

    Snowball Well-Known Member

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    I've used CMC for a couple years and I'm very happy with them. Low cost. Easy to use. Sends trade info over to sharesight for lovely recording
     
  17. APINDEX

    APINDEX Well-Known Member

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    Thanks @Snowball think I will definitely give them a try..
     
  18. trinity168

    trinity168 Well-Known Member

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    CommSec - purchase of FGG, no brokerage for it.
    Mainly use Bell Direct nowadays.
     
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  19. RetireRich101

    RetireRich101 Well-Known Member

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    For those interested in buying US shares directly, you can try SogoTrade.com. It's only US$5 per trade.
     
  20. fajji

    fajji Active Member

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    +1 for cmc. cost is $11/day

    IGtrading are probably the cheapest around @ $8/trade. They unfortunately don't have the option to put buy/sell orders for more than a day. CMC does.