• 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.

Most competitive margin broker?

Discussion in 'Brokers' started by kharn83, Feb 6, 2019.

  1. kharn83

    kharn83

    Posts:
    2
    Likes Received:
    1
    Joined:
    Jan 11, 2019
    Hi All,

    It appears many of us have been stung by IB's migration from IB US LLC to IB Australia and the associated loss of margin trading for non wholesale investors.

    As a key part of my strategy is to trade on margin, e.g. 1 : 1.6 leverage, I was curious to see which brokers offer the most competitive margin rates.

    From what I've seen the most competitive banks tend to offer 6.5% or so, but I'm curious if there are other brokers or lending arrangements that can offer lower rates? e.g. anything closer to that offered by IB?

    I'm sure its a question many are curious to the answer to as well!

    Cheers
     
    freebird54 likes this.
  2. StockyGuy

    StockyGuy Observe, Discuss, Apply

    Posts:
    80
    Likes Received:
    16
    Joined:
    Oct 15, 2007
    Yes, I have similar question. Seemed silly to open another thread. But absence of replies made me think twice.

    Anyway, I think for most here IB is the gold standard. Main issue is as an Aussie private person (not a company) I have no margin capability on it.

    What is the next best that does a bit of everything like IB at low commission, but also has margin at competitive rate available?
     
  3. tech/a

    tech/a No Ordinary Duck

    Posts:
    18,719
    Likes Received:
    2,173
    Joined:
    Oct 14, 2004
    Have a look at Macquarie.
     
    StockyGuy likes this.
  4. freebird54

    freebird54

    Posts:
    328
    Likes Received:
    8
    Joined:
    Jan 28, 2009
    After being with them for years am starting to run down my accounts.
     
  5. tech/a

    tech/a No Ordinary Duck

    Posts:
    18,719
    Likes Received:
    2,173
    Joined:
    Oct 14, 2004
    Why
     
  6. freebird54

    freebird54

    Posts:
    328
    Likes Received:
    8
    Joined:
    Jan 28, 2009
    Many htings - see my and other posts in the other IB discussions
     
Loading...

Share This Page