Had to cut the still beating heart out of my first born son before they approved a withdrawal. Damn it took over a week, countless emails verifying my funding accounts, some cryptic shit from them in response which I still can’t understand and a complaint lodged with AFCA. But I got my $312 in the end.
We should be grateful these days that we can have our money back from some financial institution. I'm with CMC-no problem.
Yea, I signed up for an account a few weeks back. Had a bloke call me, unsolicited, and leave 3 voice messages within 24 hours!!!. Seems they'll happily take my money, but good to know its not so easy to get it back. Cheers.
They have a different way of holding your stocks too. They don’t issue CHESS statements as they act as a trustee and hold your portfolio on your behalf. There’s also the small matter that you need to do 3 trades every quarter or they slug you with a $50 account keeping fee. I’m in the process of transferring all of my holdings to another broker.
Doesn't convince me... due to my experiences over the last few years, I rate Jetstar way above Qantas.
Anyone tried the NAB trading system, i used it some year ago. Only fees from memory were for each trade, 14.95 flat rate for up to 5000 trade i think. Usually 3 days to receive funds
I'm transferring them across to my Commsec account. I've also got a CMC account, because they have foreign markets but haven't used it yet.
Yea and this is why I've just stuck with one of the big4. No hassles to move money in and out, it's chess sponsored which makes me sleep better at night. That said if you are doing high volume trading the brokerage will eat into your returns. In my case I buy 6 to 10 times a year which means I'm out of pocket $60 to $100 for that piece of mind.
