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Esuperfund SMSF brokers

Discussion in 'Medium/Long Term Investing' started by auric, Jul 12, 2007.

  1. Sir Burr

    Sir Burr

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    You can use whoever you like now:
    https://www.esuperfund.com.au/trading/international-shares/how-it-works

    ...but "you will need to source and provide this data to ESUPERFUND annually" and that'so big deal. Just send them the tax year report.

    I got in earlier when they had a setup link for IB and they can access my report themselves.
     
  2. wfdTamar

    wfdTamar

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    Not sure if it's been mentioned, but I was just on the phone to Commsec about my Esuperfund setup Commsec account. He said 'BTW, you realise you paying quite high brokers fees'? Turns out it's $29.95 and 0.3% instead of the usual $19.95 and 0.11%! That's a big margin for Esuperfund. He asked if I wanted to change it, but that may break the deal with Esuperfund. However on second thoughts why should it since you can use a different broker if you want to? I won't be using Commsec. I'm going to be using my usual Selfwealth (a flat $9.50 fee).
     
  3. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Interactive brokers is even cheaper again....I believe you get the full monty with a a SMSF as well.
     
  4. Wysiwyg

    Wysiwyg Everyone wants money

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    I thought you did not have the option of brokers when with ESuper. ESuper switched from E-Trade to Commsec maybe 8 to 10 years ago.
     
  5. wfdTamar

    wfdTamar

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    Have a look at post #281, just a few up. You can, but it means a manual data transfer.

    CanOz - Selfwealth are cheaper than IB for large trades (last time I looked some months ago).
     
  6. Wysiwyg

    Wysiwyg Everyone wants money

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    Okay thanks for that clarification.


     
  7. Quant

    Quant

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    https://www.esuperfund.com.au/trading/australian-shares/commsec/commsec-cba

    ScreenShot3577.jpg

    https://www.commsec.com.au/support/rates-and-fees.html

    ScreenShot3578.jpg
     
    Sir Burr likes this.
  8. Sir Burr

    Sir Burr

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    ....and with IB it's a matter of logon, go to reports, print out the tax year report and send the pdf to eSuperfund. Easy if your keen on using IB.
     
  9. padman

    padman

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    Was about to open an esuperfund account and noted that broker options have been severely cut back. Commsec for AU shares and Saxo for international shares. When I checked yesterday, they still allowed a choice of broker (just had to submit reports manually). I wanted to use IB, so might have to find an alternative. Wonder whether this affects existing clients using other brokers? If so, it would be such a pita.
     
  10. Sir Burr

    Sir Burr

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    No hasn't affected existing, I still use eBroker and IB and do not have to send trade details.
     
  11. padman

    padman

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    That's good. Now I"m not sure what to do... Saxo's commissions are $9.90 minimum vs $1 at IB.
     
  12. Sir Burr

    Sir Burr

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    I've used both, I'll make it easy :)
    Go with IB.
     
  13. padman

    padman

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    I want to, but they don't allow it anymore.
    https://www.esuperfund.com.au/trading/international-shares/how-it-works
    "The Permitted Broker to invest in US International Shares is Saxo Capital Markets. ESUPERFUND Clients are not permitted to invest in International Shares with Brokers other than our Permitted Broker."
     
  14. Sir Burr

    Sir Burr

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    Ahh sorry I thought you could still send them a yearly report from other brokers. eSuperfund has changed this numerous times over the past 5 years I've been with them.
     
  15. padman

    padman

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    Sorry for all the questions. When they've made similar changes in the past, did it affect you? Ie. would this new change force you to use Saxo now? Just trying to gauge if it's worth going with them if they keep changing the rules. I don't want to be switching brokers each time they have a new rule.
     
  16. Sir Burr

    Sir Burr

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    No as mentioned above, in the past they have not forced me out of using IB. No idea why they have swapped and changed over the years but if I was starting out again:

    Running a short term system, bypass eSuperfund and go with someone that accepts IB.

    If running a long term system where brokerage doesn't matter so much, go with eSuperfund and use Saxo. Personally I hated using the Saxo webtrader or whatever it's called :)
     
  17. padman

    padman

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    Any recommendations?
    Had a look at green frog, but seems a bit more expensive.
     
  18. Sir Burr

    Sir Burr

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  19. trading_rookie

    trading_rookie

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    Not sure if anyone is still reading this post...

    What is esupers annual admin fee for the second year, if the first year is free?

    Can't find this critical piece of info on their website on anywhere on the net for that matter.
     
  20. peter2

    peter2

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    Come on. It took me 3 seconds.

    pic22.PNG
     
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