Which platform should I use? Is Commsec ok?

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by Frank Manno, 4th Sep, 2017.

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  1. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
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    13,527
    Location:
    Melbourne
    Isn't joining any of these broker platforms free? Why not just sign up and figure out from there?

    (Unless you are opening up a full blown unristricted options trading account or some such!)

    The Y-man
     
  2. Chris Au

    Chris Au Well-Known Member

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    4th Jul, 2015
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    Location:
    NSW
    Code for 'sign up for one of our platforms where you get quarterly reports (rather than going in at any time to check) and a tax statement that comes in November (my experience)' (oh and we - the brokers - get ongoing fees for your involvement in our platform).

    Pay for one off advice and try a free platform.
     
  3. Big Will

    Big Will Well-Known Member

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    18th Jun, 2015
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    2,517
    Location:
    Melbourne, Australia
    I use CMC no issues, found it easy to use although reporting is less than ideal unless you use Sharesight which is linked and is much better/amazing.
     
  4. piN00b

    piN00b Member

    Joined:
    23rd Jul, 2015
    Posts:
    20
    Location:
    Sydney
    Hi,

    I currently use ANZ eTrade, but what I don't like about it is that linked cash account only has 0.1% IR. With Nabtrade you can have linked saver account which is 2.15% and it's instant to transfer money to trading account.

    Currently my cash is in various online saver accounts and it takes a day to transfer to ANZ, so not ideal.

    Also, Nabtrade is has cheaper brokerage as well, so might be worth the hassle moving from ANZ?