Stock Brokers - Pros and Cons

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..

 

Thanks for posting this, Hodor

 

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

 

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.

 

I've seen them all offer a similar deal.

 

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

 

Totally agree, hopefully @Simon Hampel can fix it