I am in the process of registering with Commsec. My understanding is that they do not provide the option of a 'trailing stop-loss'.
Does this mean that I need to review my stop-loss figure regularly and manually adjust it? If so is this easy enough to do with commsec and are there fees for every time you manually adjust your stop-loss or do you only pay if it is executed?
Thanks!
JimBob
4th-January-2007, 04:35 PM
From what I understand with Comsec, you need to manually adjust your stop-loss figure. With their fees, they have a $9.95 fee that you pay upon placing your stop-loss order, or a $14.95 fee which you pay upon execution which you can adjust as many times as you like.
lesm
4th-January-2007, 04:45 PM
From what I understand with Comsec, you need to manually adjust your stop-loss figure. With their fees, they have a $9.95 fee that you pay upon placing your stop-loss order, or a $14.95 fee which you pay upon execution which you can adjust as many times as you like.
Hi Mika,
JimBob is correct, below is Comsec's descrption:
"Two ways to pay.
1. You can elect to pay an "Up front" Conditional Trading fee of $9.95^ plus standard brokerage if your order trades. You pay the "Up front" fee regardless whether your order trades; or
2. You can choose to pay "On execution" of the order and only pay $14.95^ plus standard brokerage when an order trades. You do not pay the "On execution" fee if no part of your order is executed.
^ The "Up front" and "On execution" fees are inclusive of GST and are applicable for orders up to $40,000 in value at the time of trading the stock. Orders valued at greater than $40,000 are charged at: "Up front" 0.099% of the trade value; "On execution" 0.12% of the trade value."
You can find more information on Conditional Trading on the CommSec site under:
Buy/Sell/Order Status
---> Conditional Trading
-------> About Conditional Trading
