Low-cost brokerage

Does anyone have any experience or opinions of low-fee brokers?

e.g. SelfWealth - Trading knowledge not just shares. Don't invest alone!​

What about macrovue?

Macrovue homepage - Macrovue

Fees for this product are not that clear:

Invest in Global Trends - Macrovue

It's also not clear whether the complete ASX is available:

Pricing - Macrovue​

 

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?

 

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.

 

I use both CommSec and belldirect.

 

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

 

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.

 

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

 

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.

 

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 )

 

Belldirect
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.

 

Conditional Order




Basic charting - MACD ( there are others but am not a stock TA ... )


Another sample with ARG

 

Try Morrison's Securities....

 

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

 

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..

 

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

 

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

 

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

 

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

 

+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.