Online trading-who do you use?

Discussion in 'Stocks & Derivatives' started by Sultan Pepper, May 14, 2012.

  1. Sultan Pepper

    Sultan Pepper Member

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    Who does everyone trade with and recommend? I want to get into the stock market, nothing massive but just little bits here and there.


    Should I be setting up and account with Commsec or something similar? I'm a bit of a novice with it all.
     
  2. thatguy

    thatguy Active Member

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    Had to ask the same Q myself just recently here is what I found helpful

    http://forums.silverstackers.com/viewtopic.php?pid=308707)
    [EDIT] Bad timing by OP if they did :(

    http://www.cmcmarkets.com.au/stockbroking
     
  3. Sultan Pepper

    Sultan Pepper Member

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    CMC looks pretty good there, with the '$9.90' brokerage, is that charged whenever you buy or sell shares? I pay a lot of attention to the market prices but never the actual process of getting involved.

    Have you taken the next step yet and gone with either thatguy?
     
  4. thatguy

    thatguy Active Member

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    I used commsec a while ago and it was easy, BUT at the moment I am still physical all the way, cannot afford to play the paper game! I have a fair holding in the Perthmint depository and that makes me worried lol. If Gerald Celente can loose at that game I can more so. Big rewards come with big risks :)
     
  5. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    IG Markets for CFD's

    Commsec for everything else (Shares, Options, Warrants)
     
  6. SilverSanchez

    SilverSanchez Active Member

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    CMC's 'hidden' charges made me not chose them - make sure you read the fine print, brokerage can suck your profits over a financial if you're not careful.
     
  7. VRS

    VRS Well-Known Member Silver Stacker

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    Can't beat Bell Direct for value & analysis tools. Real time is free with 5+ trades per month. Trade in & out of your client account. Trading platform is easy-peasy, no-nonsense, elegant, fast & well thought out. Full personalised free trading summary downloadable with complete divi info, trades, tax credits for your end of year etc all included - VERY useful. I use this to trade & HotCopper for stock discussion / forum - (the Bell forums are clunky, old-fashioned & crap, so don't bother).

    http://www.belldirect.com.au

    :D x
     
  8. Wout

    Wout New Member

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    I cant find these hidden charges you speak of?
     
  9. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    That's cause they are hidden ;)
     
  10. MrSteve

    MrSteve New Member

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    Are you not limited to trading only ASX listed shares?
     
  11. Wout

    Wout New Member

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    Damn they hide them well then, hmm making me rethink opening an account with them
     
  12. dollars

    dollars Active Member Silver Stacker

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  13. Sultan Pepper

    Sultan Pepper Member

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    Think I'll give this a good look over this afternoon, thanks for the link!
     
  14. VRS

    VRS Well-Known Member Silver Stacker

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    Yes, Bell is ASX & NZX listed co's only - I have different accounts in AUS, UK & US - they're all execution-only discount brokers (the ones that consistently win the awards) - I haven't used the US one for a while - but take it from me, Bell's the best, easiest to deal & cheapest here.
     

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