Best online non-advisory brokers???

[Huzar1683]

who would you recommend for your first trade???
Is Commsec the way to go before I chuck the minimum 5grand for Vanguard or until robinhood arrives???
is amscot anygood?

 

[Roswell Crash Survivor]

Looks like you want a no-frills ASX brokerage service.
Consider Bell Direct. The only significant downside for a beginner is that live ASX data requires paying for a subscription.

Equity and warrant trades
Your first 10 trades per month:
$0 to $10,000 $15
$10,000+ to $25,000 $25
$25,000+ 0.1%
Your 11th 30th trade per month:
$13 or 0.08%, whichever is greater
Your 31st trade onwards per month
$10 or 0.08%, whichever is greater

Source:https://www.belldirect.com.au/TradeNow/Fees/

Disclaimer: I am not a licensed financial adviser. Every investment involves risk to capital. Past performance is not an indicator of future performance. Do your own research.

Disclosure: I do not stand to materially benefit from anyone choosing to trade through Bell Direct.

 

[Caput Lupinum]

I use to use CMC Markets to execute trades when I was a noob but would use Commsec's platform features. I use Interactive Brokers now because I like to trade other international markets but this is not a noob friendly platform.

 

[whinfell]

Where did you get the "minimum 5grand for Vanguard" from? You can buy Vanguard ETFs like any other shares - minimum parcel size $500.

 

[Huzar1683]

Where did you get the "minimum 5grand for Vanguard" from? You can buy Vanguard ETFs like any other shares - minimum parcel size $500.

Someone from here said so and i saw it on the vanguard site.... would you recommend vanguard over others???

 

[Huzar1683]

Looks like you want a no-frills ASX brokerage service.
Consider Bell Direct. The only significant downside for a beginner is that live ASX data requires paying for a subscription.

Equity and warrant trades
Your first 10 trades per month:
$0 to $10,000 $15
$10,000+ to $25,000 $25
$25,000+ 0.1%
Your 11th 30th trade per month:
$13 or 0.08%, whichever is greater
Your 31st trade onwards per month
$10 or 0.08%, whichever is greater

Source:https://www.belldirect.com.au/TradeNow/Fees/

Disclaimer: I am not a licensed financial adviser. Every investment involves risk to capital. Past performance is not an indicator of future performance. Do your own research.

Disclosure: I do not stand to materially benefit from anyone choosing to trade through Bell Direct.

I checked out bell direct but the guy on the phone was useless and mumbled and just left me with a poor impression so i kept looking still 15bucks isnt bad

 

[Huzar1683]

I use to use CMC Markets to execute trades when I was a noob but would use Commsec's platform features. I use Interactive Brokers now because I like to trade other international markets but this is not a noob friendly platform.

Are you calling me a noob???

 

[Caput Lupinum]

who would you recommend for your first trade???

Yes

 

[whinfell]

Where did you get the "minimum 5grand for Vanguard" from? You can buy Vanguard ETFs like any other shares - minimum parcel size $500.

Someone from here said so and i saw it on the vanguard site.... would you recommend vanguard over others???

$5k is the minimum required to invest in a Vanguard managed fund, see: https://www.vanguardinvestments.com.au/retail/ret/investments/managed-funds-retail.jsp#fundstab

$500 is the minimum parcel size for buying ASX-listed shares, including ETFs, such as the Vanguard range of ETFs, see: https://www.vanguardinvestments.com.au/retail/ret/investments/etfs.jsp#etfstab

ETFs typically have lower management costs (e.g. 0.15% for the VAS ETF, versus 0.75% for the equivalent fund).

 

[Huzar1683]

Where did you get the "minimum 5grand for Vanguard" from? You can buy Vanguard ETFs like any other shares - minimum parcel size $500.

Someone from here said so and i saw it on the vanguard site.... would you recommend vanguard over others???

$5k is the minimum required to invest in a Vanguard managed fund, see: https://www.vanguardinvestments.com.au/retail/ret/investments/managed-funds-retail.jsp#fundstab

$500 is the minimum parcel size for buying ASX-listed shares, including ETFs, such as the Vanguard range of ETFs, see: https://www.vanguardinvestments.com.au/retail/ret/investments/etfs.jsp#etfstab

ETFs typically have lower management costs (e.g. 0.15% for the VAS ETF, versus 0.75% for the equivalent fund).

Hey thanks for the links im checking out in a sec but i assumed you knew what you were talking about....
Yep i see, so I will consider Vanguard once my free broker fees run out with the broker i signed up with
thanks

 

[switchtronics]

http://www.canstar.com.au/online-trading/compare/casual-investor/

Cmc
at $11 a trade for casual traders
theres a comparison of brokers on the link