i have a commsec account and was wondering if it's worth opening an e-trade one. does e-trade have better features?
cheers
240
GreatPig
3rd-November-2006, 11:31 PM
Take a look at this thread (http://www.aussiestockforums.com/forums/showthread.php?t=4616&page=1&pp=20) for some comments on Etrade's performance since they took over HSBC Stockbroking.
GP
giss
4th-November-2006, 04:29 AM
I have been using westpac/bt broking & it seems pretty cheap & basic. I would be interested in what feedback people had on other platforms. I might be missing out! I used to have an E-trade account years ago before I got more serious. I stopped Trading for a while & they drained what was left in the account with fees. I'm sure it was all in the fine print but still pissed me off.
markrmau
4th-November-2006, 04:33 AM
etrade gives access to aspect huntley reports, delayed (?) fat prophets reports and a few others. If your interested in fundamentals, it is well worth it.
commsec has lower brokerage rates, and I prefer commsecs portfolio layout to see at a glance what all my stocks are doing and if there are any announcements.
I have a netwealth account but I have not used it.
When I opened it I thought that it operated in the same way as most of my other accounts in that they direct debit the funds from another bank account (I had to fill out paperwork for this) but it turns out that they just want to know where the money is coming from and you still have to send the funds to them before you can trade. This sucks as my money is doing nothing while I am in between trades.
Also from the very limited tour I done of the site it is very un user friendly and crappy layout. It took me a long time to figure out how to log on as well and they issue like 3 or four passwords for varying things.
This was quite some time ago and much may or may not have changed since then but I came to the conclusion that for the extra $3 or whatever it is I think I will just go with Comsec
Havent got around to opening a comsec account as of yet though
markz
6th-November-2006, 04:34 PM
Are their any advantages if you're main account is with the commonwealth bank and you use Commsec?
two40
7th-November-2006, 02:25 PM
Are their any advantages if you're main account is with the commonwealth bank and you use Commsec?
If you have a Commonwealth Direct Investments Account (no monthly fee) you get $19.95 trades. You need $5k to open the account and on balances over $5k you get a decent interest rate although I can't recall what it is.
markz
8th-November-2006, 10:59 AM
If you have a Commonwealth Direct Investments Account (no monthly fee) you get $19.95 trades. You need $5k to open the account and on balances over $5k you get a decent interest rate although I can't recall what it is.
thanks
Kremmen
13th-November-2006, 01:14 PM
It goes back a long way, I admit, but I tried E-Trade once (for the Qantas FF pts) and found their attitude appalling, technology-wise. There was a time when parts of their site didn't work under Mozilla and their attitude was basically "use another browser". My attitude to any service I'm paying for is "fix your bloody site". I was also using Comsec at the time and, while they also occasionally made mistakes in coding their web site, their attitude was to fix them when they were reported. Hence, I would never trust E-trade.
After Comsec introduced their much higher (for those who don't want to waste money on having a CBA bank account) brokerage rates, I moved all of my portfolio to Westpac instead. Overall (their site's been down most of this morning, I know!), I find Westpac service to be better than Comsec. I've done things like emailing the same query to both and Westpac always replies more quickly. This is totally IME and others might have different experiences, of course.
