What are your thoughts on etrade?
Does comsec? I bank through ANZ and that's why I went with etrade.
Comsec wanted to charge me more because I didn't have a bank account with them...
Use it all the time. Currently 4.288% for balances up to -$100K. Unlike CommSec, their brokerage is no different for purchases on margin as opposed to cash.
Is there anything specifically you want to know about margin for Aus equities?
I'm with Etrade and it's still the same. I don't find it a problem at all, as I can do an on the spot transfer of the funds from my ANZ at call a/c (presently 4.65%) into the Etrade cash a/c where it's immediately available.Same problem as NabTrade, when I had my account they wouldn't give me credit until T3. I had to have the money in my account to buy even though I had a portfolio with them. My beef is that I don't like tying up 1,000's of $$$ in my trading account earning next to no interest whilst waiting for that right trade. I prefer them to give me credit until T3 and then I BPay my funds into my account when needed. Some brokers allow you to do that and others don't.
My Etrade account was some years ago so it may have changed by now.
That's right they will charge your more if you do not apply for the CDIA account. I have that CDIA account linked to my brokerage account, all trades are settled through there. However, I do not keep any money in that linked account. As I hold stocks with them they give me credit until T3. On T2 I transfer my purchase funds into that CDIA account. You do not need to have the funds there first.
I am currently earning 4.75% in a cash account at call. I will never leaver leave cash in my brokerage account earning next to nothing. I don't trade that often so it pays for me to get credit until T3 and BPay the funds in, cheers.
Ok cool. I was interested in finding out the LVR's for equities?
... and they're happy to link your trading account to a Macquarie CMA. If you're with another bank, give them a call to check.OpenMarkets - 7bps inc gst
I've met Paritech's owners Rick and Paul ten years ago, well before the Opes and Tricom debacles. I don't know how long their company had existed at that time, but their flagship software package, Pulse, was already quite mature. AND FAST!!!One of the directors on there, Rick Klink, I have heard that name somewhere before, anyone familiar ?