Who is the best online stock broker?

Discussion in 'Stocks & Derivatives' started by SilverTounge15, Aug 11, 2017.

  1. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    Best online stock broker? Any offering good deals currently on first stocks bought with them? I'm relatively new still to all this and someone just asked me for advice on their first stock purchase today.
     
  2. STC

    STC Well-Known Member Silver Stacker

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    I find ComSec good for me.
     
  3. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    It says from $10 per trade, how does that break down?
    $10 per $1000 trade????
     
  4. STC

    STC Well-Known Member Silver Stacker

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    I pay $19.95 per trade. You get 2days to pay. Easy app collated with my regular banking accounts. If you Bank with commonwealth. They have tutorials & recommendations to start you off but I use hotcopper & my own DD.
     
  5. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    They reduced their price a a month or two ago to $9.95 I think Gaz if your trade is under $1,000. Normally $29.95 if you have a normal account or $19.95 id you have a CDIA account like yours. I think its just the regular price if over the mark.
    I haven't made a trade in a few months so have no first hand experience.
     
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  6. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    "open a Commonwealth Direct Investment Account (CDIA) with CommSec to save at least $10 on every trade"

    I copied that from their site. Would you recommend opening this account with them?
     
  7. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    It is one of the most straight forward and useable platforms. I would recommend them as well
     
  8. SilverTounge15

    SilverTounge15 Active Member Silver Stacker

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    That's two stackers recommending them.... Pretty much sold based on that!

    Thanks guys
     
  9. STC

    STC Well-Known Member Silver Stacker

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    Whoever you Bank with will have an equivalent. I can't say which one is better than the next, just that I Bank commonwealth using netbank & it's all very easy.

    ^^ I hadn't noticed Stewy, so they reduced sub $1k transaction costs? Good.
     
  10. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Well anything less is better…. (in this circumstance):p
     
  11. scott_reeve

    scott_reeve Active Member

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    I have been with commsec for many years, but i'm not that happy with their customer service recently and their $19.95 (for 1 to 10K trades) just isn't competitive, particularly for day trades. So i'm looking to diversify.

    Others (much cheaper):
    IG markets: is $8/trade (can get RealTimePro software for free if you trade 4? (i think) times a month)
    Saxo Markets Australia: $9.90/trade
    CMC Markets: from $9.90/trade
    OpenMarkets: $13.95/trade
    Capital19: min. $15/trade, but has single universal account to trade markets around the world.

    Has anyone got good/bad experiences with any of these?
    Does anyone trade US stocks, if so through which online broker?

    Thanks
     
    Last edited: Aug 11, 2017
  12. matt_kcd

    matt_kcd Member

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    I'm using selfwealth.com.au at the moment. $9.50 flat rate trades. They have a referral offer of 10 free trades. Happy to supply a code if anyone wants.
     
  13. VRS

    VRS Well-Known Member Silver Stacker

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    Don't use Commsec - they're at the mercy of their own dark pools and hardly impartial on trades.

    Belldirect.com.au $15/trade streaming live data $27.50/month or free with every 2 trades... bargain.
     

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