Hi
I found elswhere that the CommBank had the best on-line trading platform...Westpac came second ?
Any comments to share ? PC and IPad would be my trading devices...
I hold accounts for myself and wife at Westpac...would you reccommend going for westpac so it simplifies the process ? or should I go for CommBank and spread the risk somehow, should a debacle come around sometime from now and the next 30 years....If I wanted to go for CommBank platform, would I need to open a current account with them ? If I go with Westpac, is my current account enough, or I need to open a separate brokerage account ? how does really the trading/brokerage account work within those platforms.....bloody westpac documents are useless explaining this.....in concrete, to buy shares, do I need to transfer moeny from my account to a borkerage account ? when I sell, money goes to current account or brokerage account ?....in brokerage account, profit pays taxes or only when money goes back to current account ? tax for every single share sale that makes profit ? if money doesn't go out of brokerage account and gets reinvested in other shares.....how is this treated tax-wise ?
thanks
I found elswhere that the CommBank had the best on-line trading platform...Westpac came second ?
Any comments to share ? PC and IPad would be my trading devices...
I hold accounts for myself and wife at Westpac...would you reccommend going for westpac so it simplifies the process ? or should I go for CommBank and spread the risk somehow, should a debacle come around sometime from now and the next 30 years....If I wanted to go for CommBank platform, would I need to open a current account with them ? If I go with Westpac, is my current account enough, or I need to open a separate brokerage account ? how does really the trading/brokerage account work within those platforms.....bloody westpac documents are useless explaining this.....in concrete, to buy shares, do I need to transfer moeny from my account to a borkerage account ? when I sell, money goes to current account or brokerage account ?....in brokerage account, profit pays taxes or only when money goes back to current account ? tax for every single share sale that makes profit ? if money doesn't go out of brokerage account and gets reinvested in other shares.....how is this treated tax-wise ?
thanks