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Australian Brokers

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Thread replies: 12
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Hello pals, I'm looking for a good Australian broker to trade shares online. I won't be investing much (couple thousand maybe) so I would like for the fees to be pretty low. I also don't want to pay monthly fees. The most popular seems to be commsec, from what I've seen online but there's a lot of positive and negative reviews for it.

So /biz/, anyone know a good broker?
>>
>>1775211
I don't know man, tbqh I think all us small timers are going online with commsec or similar. 19.95 per trade. They also have a pretty good deal we're they'll invest in 6 aussie blue chips for 66 dollars brokerage, minimum 4k investment.
>tfw 45,000th in line for robin hood beta in australia
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Commsec is good, easy to set up relatively, good value.
>>
>>1775211
Interactive Brokers are pretty cheap, although they arent an Australian broker.

The big 4 are about as Hebrew as it gets with their fees. Its fine if you have long time horizons but short term trading is detrimental to your account in regards to (((fees)))
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>>1775261
Yeah, the fees for short term investing seem pretty annoying. Fucking shlomos, you just can't catch a break from em'.
>>
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why do i even need a broker

why cant the cunts just let me do it myself
>>
>>1775211
I am using CMC. I have found them to be more than adequate for my purposes.
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>>1775313
>CFDs

OP is interested in trading shares m8. id never recommend trading those types of financial instruments to a beginner
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>>1775235
commsex says it's $19.95 if you're eligible for internet preferred trading, is basically everyone eligible for that?
>>
Hey OP. In that kind of investment you're probably better off trading gold on a site such as Goldmoney.com/r/6hYr9X or really any commodity trading service as the values are significantly less bipolar and have a better chance of you not losing your investment. Good luck!
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>>1775323
Yeah. It just means you have to have a CHESS account, which you'll set up through commsec, and your settlement account has to be your CDIA account, which you'll get through commsec.
>>
>>1775318
look harder they do shares. they have money magazine awards spread out over the last few years for SHARE TRADING.

t. also use CMC
Thread posts: 12
Thread images: 2


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