Best online non-advisory brokers???

Discussion in 'Stocks & Derivatives' started by SilverTounge15, May 14, 2015.

  1. SilverTounge15

    SilverTounge15 Well-Known Member Silver Stacker

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    who would you recommend for your first trade???
    Is Commsec the way to go before I chuck the minimum 5grand for Vanguard or until robinhood arrives???
    is amscot anygood?
     
    SilverTounge15, May 14, 2015
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  2. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Looks like you want a no-frills ASX brokerage service.
    Consider Bell Direct. The only significant downside for a beginner is that live ASX data requires paying for a subscription.

    Source:https://www.belldirect.com.au/TradeNow/Fees/

    Disclaimer: I am not a licensed financial adviser. Every investment involves risk to capital. Past performance is not an indicator of future performance. Do your own research.

    Disclosure: I do not stand to materially benefit from anyone choosing to trade through Bell Direct.
     
    Roswell Crash Survivor, May 14, 2015
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  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I use to use CMC Markets to execute trades when I was a noob but would use Commsec's platform features. I use Interactive Brokers now because I like to trade other international markets but this is not a noob friendly platform.
     
    Caput Lupinum, May 14, 2015
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  4. whinfell

    whinfell Well-Known Member Silver Stacker

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    Where did you get the "minimum 5grand for Vanguard" from? You can buy Vanguard ETFs like any other shares - minimum parcel size $500.
     
    whinfell, May 14, 2015
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  5. SilverTounge15

    SilverTounge15 Well-Known Member Silver Stacker

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    Someone from here said so and i saw it on the vanguard site.... would you recommend vanguard over others???
     
    SilverTounge15, May 14, 2015
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  6. SilverTounge15

    SilverTounge15 Well-Known Member Silver Stacker

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    I checked out bell direct but the guy on the phone was useless and mumbled and just left me with a poor impression so i kept looking still 15bucks isnt bad
     
    SilverTounge15, May 14, 2015
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  7. SilverTounge15

    SilverTounge15 Well-Known Member Silver Stacker

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    Are you calling me a noob???
     
    SilverTounge15, May 14, 2015
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  8. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Yes
     
    Caput Lupinum, May 14, 2015
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  9. whinfell

    whinfell Well-Known Member Silver Stacker

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    $5k is the minimum required to invest in a Vanguard managed fund, see: https://www.vanguardinvestments.com.au/retail/ret/investments/managed-funds-retail.jsp#fundstab

    $500 is the minimum parcel size for buying ASX-listed shares, including ETFs, such as the Vanguard range of ETFs, see: https://www.vanguardinvestments.com.au/retail/ret/investments/etfs.jsp#etfstab

    ETFs typically have lower management costs (e.g. 0.15% for the VAS ETF, versus 0.75% for the equivalent fund).
     
    whinfell, May 14, 2015
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  10. SilverTounge15

    SilverTounge15 Well-Known Member Silver Stacker

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    Hey thanks for the links im checking out in a sec but i assumed you knew what you were talking about....
    Yep i see, so I will consider Vanguard once my free broker fees run out with the broker i signed up with
    thanks
     
    SilverTounge15, May 14, 2015
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  11. switchtronics

    switchtronics Active Member

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    switchtronics, May 20, 2015
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