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$10 Transaction fee on Commsec margin loan

Discussion in 'Brokers' started by markrmau, Mar 1, 2005.

  1. markrmau

    markrmau

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    Hi,

    Can someone with a commsec margin loan please tell me if they are charged extra $10 'Transaction Fee' for margin loan buying/selling? Look at Margin_Lending -> Commsec Margin Lending->Variable rate loan (history).

    ie. For <$10k I get charged $19.95 brokerage + $10 transaction fee. (all done through comsec).

    (I intend to write letter of demand insisting they refund it as I see no indication in documentation / advertising saying it will be charged).

    Thanks, Mark.
     
  2. markrmau

    markrmau

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    Don't worry I rang them and they showed me where the $10 fee is burried in the documentation. No mention of it on web site advertising.

    Is BT or HSBC cheaper to trade with on margin?
     
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