• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

eTrade charges $500 brokerage for buying $20,000 of shares on NASDAQ?!

Discussion in 'Brokers' started by lukelee, Apr 18, 2014.

  1. lukelee

    lukelee

    Posts:
    54
    Likes Received:
    0
    Joined:
    Sep 26, 2009
    I opened global trade account with etrade recently, on their Rates & Fees page, the rate isn't too bad: https://invest.etrade.com.au/RatesandFees/Default.aspx?tab=Cash

    But when I place a order on their website, they charge me $500 for $20,000 investing.
    Does anyone have same experience? Below is the screen grab.
    Screen Shot 2014-04-18 at 1.08.36 am.png
     
  2. George Washingto

    George Washingto

    Posts:
    27
    Likes Received:
    0
    Joined:
    Feb 15, 2012
    From memory that figure includes the FX buffer as well, fooled me a few times!

    However, my advice is to ditch eTrade ASAP and use another broker! Will save you thousands in the long run.
     
  3. lukelee

    lukelee

    Posts:
    54
    Likes Received:
    0
    Joined:
    Sep 26, 2009
    Thank you for reply.
    I am looking at comsec and hsbc. Not sure which one I should go to.
    I am also considering open an account in Hongkong. Taxes are killing me too.
     
  4. skyQuake

    skyQuake

    Posts:
    2,904
    Likes Received:
    45
    Joined:
    May 1, 2007
    Interactive brokers or even a CFD market maker will charge you a few DOLLARS
     
Loading...

Share This Page