ASX Shares Which platform do you use for trading?

Discussion in 'Shares & Funds' started by Tenex, 12th May, 2020.

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  1. Tenex

    Tenex Well-Known Member

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    I have been using commsec for a while now but they have two big issues.

    Their fees are high and the service is lagged in that if you put in limit orders to buy or sell and then cancel them, even if you get cancellation confirmation, it will at times proceed with the order anyway.

    Would anyone recommend any other platform? has anyone used plus500? they seem to have no fees from what I have seen
     
  2. aussieshorter

    aussieshorter Well-Known Member

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    I use BellDirect and have no complaints. $15 per trade and it may even be less if your volume of trades per month is higher.
     
  3. Tenex

    Tenex Well-Known Member

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    Thanks, their pricing seems quite similar to commsec not sure how fast and robust their platform is though
     
  4. melbourne171

    melbourne171 Well-Known Member

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    Anyone uses interactive brokers?
     
  5. Crezki

    Crezki New Member

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    SelfWealth has flat fees of 9.50 per trade.

    Does anyone use Bendigo Invest Direct? The associated product Leveraged looks interesting.
     
  6. The Y-man

    The Y-man Moderator Staff Member

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    That first I get, The second doesn't sound right. I'd say it is more a problem because of the lag you get in the display of the current market trades/depth (having to press the refresh / reload. Minor difference but it's important to point out in case other people get confused.

    CommSec IRESS Viewpoint works much better in this respect (real time trading platform). I have never had issues with the speed of having the orders go onto the market - but again there is a cost unless you trade over a certain amount.

    The Y-man
     
  7. geoffw

    geoffw Moderator Staff Member

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  8. challis

    challis New Member

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  9. geoffw

    geoffw Moderator Staff Member

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    I like SelfWealth. $9.50 per trade regardless of size, Chess sponsored, easy to use platform. But the CommSec platform has advantages, so it can be worth while to buy just a small parcel of something through them, just for the platform.

    For buying and selling frequently there is an advantage using CommSec. See
    How to build ETF/Index funds portfolio for long term [ETF]
     
  10. Blueskies

    Blueskies Well-Known Member

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    I use Bell Direct too, they used to be a good mix of value as well as features back when I signed up but I am not so sure now, there are probably better options.

    ...Except they jump to $25 for trades over $10k and move to 0.1% for trades over $25k.