Which Share Trading Platform? Commsec vs E-Trade

Discussion in 'Stocks & Derivatives' started by Clawhammer, Mar 4, 2015.

  1. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Wanna ditch Commsec (IMHO Commonwealth Bank is a reprehensible organisation/barbed- tentacled arm of the vampyre-squid).

    Anyone got advice on an alternative? How's E-Trade?
     
  2. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    I use Interactive Brokers, no complaints
     
  3. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    Thought commsec is a good platform esp for long term buying?
    Short term, cmc is easier to use than igmarket
     
  4. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    +1
     
  5. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Commsec is a great easy to use platform. But I can't with any conscience support the Commbank. I've closed all my accounts, removed all my money.. now this is the last step.

    What's more, despite being a customer since I was 5 years old, and giving them ALL my business, not one person has asked why? No one in a branch or at a phone centre asked if there was any reason.
     
  6. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    It happened to my recently, CH.
    My bank rep (in the city) who used to help me from A to Z has left to a different division and the subs wont give a damn about us. So I went to a different CBA branch (close to home) and it was a totally different service. Believe it or not. I suppose it bolts down to the person(s)....in my case, at least.
     
  7. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    when i was gambling with the stockmarket i used etrade and thought that it was quite easy and informative. There are cheaper trading platforms out there though.
    My experience with trading platforms is limited to etrade and the old Sanford Securities though.
     
  8. mistered

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    If (a big if) you can look past Nab's current issues, the Nabtrade platform is pretty good.

    Trades <$5k are cheaper than CommSec. You get free streaming prices, and their market data is very good. They're also launching international trading next week.
     
  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Christ, I missed this.... what have they done?
     
  10. smk762

    smk762 Active Member Silver Stacker

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  11. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Wow. Thanks for that... just like the commbank.
    Commbank...amongst other things... essentially did this to me.
    Spoke to someone at a call centre about various business accounts available. Next time I was in a branch I discovered... purely by accident (incompetence of the teller) that they had opened a business acct. In my company's name... had its ABN & TFN and even had a note that "my signature had been witnessed". And, like I said, that was just one of the things that rose my ire.

    When I spoke to the NAB about switching from the CBA, the manager promised there would be absolutely no fees or charges. Then 2 mins later informed me that there would be a $50 fee to perform an ASIC search on EACH of my various entities.
     
  12. Revils

    Revils Active Member Silver Stacker

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    I like CMC
    If you really don't like CBA you should remove all your money from commsec but don't close the account - so you can still use their system (I like their platform for seeing market depth/charts and setting up watchlists)
    That way you're getting their service for free.
     
  13. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    ^^^
    Sorta, kinda can't shut them down. They keep them 'alive' as part of their 7yr data retention for tax/business records. All my accounts are still 'alive' & accessible with the transaction history there, just no money in them or fees/interest being calculated.
     

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