I'm chosing an online broker now and intend to start investing for the longer term shortly- in $5-10,000 parcels to start with stocks like NAB or CBA and WES or WOW to start with.
The cheapest online broker I found was belldirect http://www.belldirect.com.au/
Drawbacks are: $10/ month for live quotes (Gold service) and no stop loss orders online.
I'm wondering if I really need these features as I've got a longer-term view. I plan to review the share performance monthly.
To buy, I can set:
# the price (either Limit or Market To Limit price) you wish to pay for the shares
# the validity of your order (either Day Only, Good Till Cancelled or Specified Expiry Date).
Any feedback much appreciated- the more I read, the less I know