cheapest reasonable online brokerages?

Discussion in 'Stocks & Derivatives' started by phrenzy, Jan 23, 2015.

  1. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I actually like the commsec platform but I'm trading pretty small amounts and at $20 per buy and $30 per sale it's eating into any money I might make. It's not like they offer any advice or anything so as long as any alternative has a reasonable platform that's convenient to use I don't see much reason not to go that way.

    Even if I could find a place that did trades in either direction at $15 it would be a worthwhile saving. I've seen CMC advertising $9.95, is that a real number (i.e no other odd fees) and if so are the a reasonable service?

    Who do you use for your small trades and what do you like about them?

    Thanks in advance everyone.
     
  2. finicky

    finicky Well-Known Member Silver Stacker

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    I've been considering this one - recommended by Motley Fool

    Quote Motley Fool Australia

    OPTIONSXPRESS
    http://www.optionsxpress.com.au/

    If you want simplicity, ease of use and excellent tools then
    OptionsXpress may be for you.
    Share trades for $14.95 or $0.015 for orders over 1,001
    shares. More active investors enjoy even lower rates with a
    $9.95 minimum or $0.01 for 1001+ shares, if you make at
    least 9 trades a quarter.

    Other advantages include:
    the ability to trade shares, options, and futures in the
    one account
    Free S&P stock reports
    Free live and streaming quotes
    Australian site

    I've used and can recommend optionsXpress. It has an excellent,
    easy to use site and good customer service.

    The online application takes 5-6 minutes, but you then need
    to print it out and send in with your other documents. You get
    sent an easy to follow checklist for the required documents
    and next steps, including funding.
     

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