I'm new to the world of trading, and still reading all the threads in this forum. I have a confusion here and hope someone can help me with this.
I learnt from ASX that we HAVE to have a broker before we can trade, but I was told by my friend saying that I don't necessarily need a broker because they will charge me fees. I can use bank, eg ANZ and Macquarie, all I need is just to set up an account for free and as long as I leave a certain amount of money sitting there, I can trade, and they only charge when I trade, let's say $30 per trade. I read many other threads mentioning Westpac and Comsec, and they are also banks, but they are referred as brokers... ???