im currently trading normal shares but im thinking of applying for margin lending.
i noticed with commsec there's a $10 margin lending transaction fee, is this charged both when you buy and when you sell?
also they have a "low loan balance" fee.
does macquarie prime have these 2 fees, or other fees apart from the interest rate?
i saw that there's an ASX royalty fee, what is this? and it says that it can be "turned off", what does it mean? do i get no access to the software if i turn it off (but i can still trade via the website, just no extra features)?
does commsec have this too?
which one would you recommend? currently using commsec.
also what sort of income is needed to apply for macquarie prime margin lending?
i dont have much income (a student with casual work) but since i have shares with commsec and ive been using them for a while, will it be any easier for commsec to approve me?
sorry too many questions