Is Interactive broker still available?
I'm considering taking up their current promo.
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.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).
Okay thanks for that clarification.Have a look at post #281, just a few up. You can, but it means a manual data transfer.
Can your SMSF use Other Broker to invest in Australian Shares?
Yes. You are permitted to establish additional Broker Accounts for your SMSF with any Broker desired to invest in Australian Shares, in addition to our Preferred Broker. However if you establish additional Broker for your SMSF with Non Preferred Broker to invest in Australian Shares, data will not be accessible by ESUPERFUND and you will need to source and provide this data to ESUPERFUND annually.
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).
Wonder whether this affects existing clients using other brokers? If so, it would be such a pita.
That's good. Now I"m not sure what to do... Saxo's commissions are $9.90 minimum vs $1 at IB.No hasn't affected existing, I still use eBroker and IB and do not have to send trade details.
Now I"m not sure what to do... Saxo's commissions are $9.90 minimum vs $1 at IB.
I want to, but they don't allow it anymore.I've used both, I'll make it easy
Go with IB.
ESUPERFUND Clients are not permitted to invest in International Shares with Brokers other than our Permitted Broker."
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.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.
When they've made similar changes in the past, did it affect you?
Running a short term system, bypass eSuperfund and go with someone that accepts IB.
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