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Stock Brokers - Pros and Cons

Discussion in 'Other Asset Classes' started by Hodor, 8th Oct, 2016.

  1. Hodor

    Hodor Well-Known Member

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    Rather than take the LIC thread further off track.

    They will allow it, however if you don't make a trade during the calendar year they charge a service fee of $25pa. Not sure if the purchase of FGX/FGG would count towards this - interesting.

    Their fees aren't completely terrible if you are an Internet Preferred client (still slightly worse than the other big four). I wouldn't open a Commsec account unless I banked with them already, for those of us (like me) that only make a handful of trades a year however the all in one place convenience is worth it..
     
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  2. BingoMaster

    BingoMaster Well-Known Member

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    Thanks for posting this, Hodor
     
  3. Jerry O

    Jerry O Well-Known Member Premium Member

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    Apparently NAB Trade gives 15 free trades every now and then for new accounts. And Commsec as well occasionally is that correct?
     
  4. hash_investor

    hash_investor Well-Known Member

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    I am looking to open an account with one of the traders. I already have a NAB account which means nab trade is available to me. However I am looking for the good long term platform that does not charge me holding fee. My money is currently sitting with RAMS.
     
  5. Hodor

    Hodor Well-Known Member

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    I've seen them all offer a similar deal.
     
  6. Joynz

    Joynz Well-Known Member

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    I suggest changing this thread title to 'Stockbrokers pros and cons'
     
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  7. Hodor

    Hodor Well-Known Member

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    Totally agree, hopefully @Simon Hampel can fix it