Just interested to see what brokers ppl are using. I am planning to open an account again shortly, in the past I have had an account with Sanford and while I was happy with their service and also there research I found that over time it deteriorated and became very expensive. As I will only be making at most one or two trades a month the cheaper the better is the general feeling.
Any thoughts would be great.
Thanx
still_in_school
14th-August-2004, 01:42 PM
Hi Clowboy,
have the following a/c's with..
E*trade (reasoning for margin lending)
Comsec (quick and easy to transfer money, but can buy stock on credit)
Tricom (short selling & options), though soon will be changing with Tricom, to a cheaper brokerage for short selling and options
Cheers,
sis
jkool
15th-August-2004, 02:19 AM
I am using ComSec (volumes upto $10k priced at $29.95 per trade or $19.95 if you open the Internet preffered account) as well.
Basically I never had any problems with them if trading only shares. If you look for something more fancy (options, short sell, margin lending...) you may be better off looking elsewhere
Also some here is some help from ASX:
http://www.asx.com.au/started/BRSFindBroker_GS2.shtm
Aceyducey
15th-August-2004, 04:21 AM
We use Sanford & Commsec online.
For listing companies we use Montagus ;D
Cheers,
Aceyducey
stefan
15th-August-2004, 07:48 AM
I use Westpac. $24.95 per trade. I never had any problems with them. Quick and responsive website to put in orders.
Happy trading
Stefan
clowboy
16th-August-2004, 11:42 AM
Stefan,
Do you also use westpac as your primary means of research or do you use them as a broker only and have other means of researching company stats etc?
stefan
16th-August-2004, 03:07 PM
clowboy,
Westpac has a pretty good research section (but it may be nothing superior compared to others, I just simply don't know what others are like).
I use them for trading and research. I do however have other means of getting information. I'd say it depends on your trading style. If you happen to be a daytrader, then you probably need a system like weblinks bullstation or netquote's equity pro. There you get live dynamic data with news alerts and the whole shebang. It doesn't come cheap at $149/mth but it may well be worth it.
For 2-4 trades a month based on fundamentals, Westpac and probably any other online broker will have enough data to give you what you're looking for.
For charts, Westpac isn't the place to be. They just simply don't have anything useful.
Happy trading
Stefan
ghotib
16th-August-2004, 04:12 PM
Has anyone had a look at NAB? I did before I went with CommSec about 12 months ago. Their service was new then, but it seemed quite reasonable and judging by the development of the 2 online banking services NAB's would quickly become smoother to use. I went with CommSec because my other half was already with them (which is a pretty poor reason now I come to think about it again :)
