Hi, i'm a newbie here and the share market. I would like to open an online broker account to play around and am considering commsec or etrade.
With Commsec, to be eligible for the $19.95 brokerage fees, you have to signed the CHESS sponsorship contract, and open a CDIA account. Do all of you who have a Commsec account do that? Or you just pay more expensive fees for $29.95?
Is there any disadvantage in signing the CHESS contract? other than it might be a bit of hassle when you change broker?