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$600 Brokerage Credit for New Trading Accounts @ Macrovue

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$600 Brokerage Credit for New Trading Accounts @ Macrovue
Go to Deal
Store RepLsspen001 on 28/08/2018 - 14:48 macrovue.com.au (453 clicks)
Last edited 31/08/2018 - 16:56 by 2 other users

$600 in brokerage credits for ALL NEW TRADING ACCOUNTS approved between 27 August and 12 October 2018.

Who is Macrovue, and why should I invest with them?
  • Directly trade in over 20,000 shares and ETFs across 23 global exchanges – including the ASX
  • Invest in professionally constructed share portfolios, centred around growing trends like Artificial Intelligence, Luxury Goods and Clean Technology
  • Trading accounts are free to set up. Our application process is fast and completely online (including the W8-Ben form)
  • Once your credits are used up or expire, brokerage is a low $15 (AUD) for trades up to $12,500, or 0.12% for larger trades
  • EOFY tax reports provided
  • …and we're an Australian company with an AFSL, 256-bit platform encryption and a relationship with one of the world's biggest retail brokers!
Offer conditions:
  • $600 worth of brokerage credits are applied to all new trading accounts approved between 9am AEST 27 August 2018 and 5pm AEST 12 October 2018
  • Credits are applied on the date the application is approved, and are valid for six months
  • Unused credits will expire six months after being credited
  • Credits can only be used towards brokerage costs and are applied to completed trades
  • This offer is not redeemable for cash and is not transferable
  • Macrovue reserve the right to terminate this offer or amend these terms and conditions at any time without notice.

APPLY TODAY

Financial Brokerage Investment Macrovue Share Trading

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closed Comments

  • Homr on 28/08/2018 - 15:05

    Damn, already signed up to selfwealth with 5 free trades :(

    What do you mean by "Invest in professionally constructed share portfolios, centred around growing trends like Artificial Intelligence, Luxury Goods and Clean Technology"?

    Do you have pre-set portfolios for us ready to buy?

    • Store Repsspen001 @ Macrovue on 28/08/2018 - 15:38

      Hi Homr

      The website will probably explain better than me: Learn about Vues

      But to answer your question - our research analysts here at Macrovue have identified a number of longer-term investment themes/trends/opportunities - like artificial intelligence, health care, clean tech, 5G technology, autonomous vehicles, etc. The trends they like they create a portfolio for (called a Vue).

      They now need to fill the portfolio (Vue) with 10 strong companies from across 23 markets. They do some rigorous quantitative and fundamental research and whittle 20,000+ global shares down to 10. These 10 shares make up the Vue.

      As you suggest - this is effectively a pre-set or starting point for the Vue. BUT - unlike an ETF or managed fund etc, you can customise the Vue. You can remove companies you don't like (eg for ethical or moral reasons), and you can change the weighting of the investment you make in each company. You choose when to buy and sell the individual holding as well - helping you to better manage your individual tax position etc.

      In simple terms - you're holding a portfolio of shares that you control and administer. We provide the platform that allows you to trade them, and we provide research on the companies we feel are going to perform strongly over the medium-long term.

      This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

      • Duram on 28/08/2018 - 15:49

        So you would technically still need to purchase each share directly, your VUE is more to give a sort of 'guide' to investing into certain fields ect?

        • Associatedmaz123 @ Macrovue on 28/08/2018 - 17:24

          The Macrovue platform actually bundles up these shares for you so you can simply input the amount you'd like to invest and within a few clicks you purchase all the stocks. You also have the ability to edit these portfolios to change the amount of shares or the total number of shares.

          You can also track the entire portfolio or it's individual stocks with a full breakdown of:

          gains + dividends + currency gains = total

          We also keep our investors updated on the portfolios, stocks and the markets. The idea is to make it easy for Aussies to access global markets and invest in some of most well known companies and future trends.

          This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

      • Homr on 28/08/2018 - 16:25

        Thanks, Disruptive Technologies @ 45.82% return per year sounds really tempting.

        • Associatedmaz123 @ Macrovue on 28/08/2018 - 17:13

          You're right. The Dis Tech portfolio had returned 45.82% over 12 months to 31/05/2018. If you log into your account you will get daily performance figures which at present the portfolio has returned 66.36% over 12 months to 28/08/2018.

          Keep in mind that past performance is not an indicator of future performance.

          This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

        • Homr on 28/08/2018 - 17:15

          @maz123: I suppose high returns like these equals high risk?

        • Associatedmaz123 @ Macrovue on 28/08/2018 - 18:41

          @Homr: Hey Homr, that's generally how most investments could be considered in terms of the risk/return relationship. Keep in mind, shares are a growth asset so are considered higher risk investment. There are also 'defensive' style Vue portfolios such as the International High Dividend Vue which focuses on companies with consistent high dividend yields. Regardless, they are still share investments so generally still carry a higher level of risk.

          https://www.macrovue.com.au/international-high-dividend-port…

          We'd be happy to help you with any other questions or a platform demo. Feel free to get in touch!

          Cheers

          Past performance is not an indicator of future performance. This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

        • Homr on 28/08/2018 - 18:48
          +1

          @maz123: I want you to help me grow my money :)

        • billbro on 29/08/2018 - 00:37
          +1

          @maz123:

          12 months is hardly much of a track record to go by, 3 years and most funds are still on seed cap.

        • Associatedmaz123 @ Macrovue on 30/08/2018 - 10:11

          @Homr:
          Hey Homr,

          We're all about helping Aussies become aware of the opportunities that are out there to help them grow their wealth. Let me know and I will personally get in touch with you to help you with any questions! (Just keeping in mind that we do our best to provide accurate general in information to help people make informed decisions, however we do not provide personal financial advice)

          We understand that although most people are experts in their field of work, however they don't have the time or expertise in investments. This is where our experienced investments team come into play to help identify the opportunities, provide education and let us know what's happening in the markets so that we can make informed decisions.

          Our client services team is all about helping our clients get the most out of the platform and becoming more familiar with how investments work.

          Reach out to us on and just ask for Maz - I'll make time for you =)

          Cheers

          Past performance is not an indicator of future performance. This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

        • Associatedmaz123 @ Macrovue on 30/08/2018 - 10:21
          +1

          @billbro:

          Hi billbro,

          Good observation.

          Many of our portfolios have been running (with our clients invested in them) for over 3 years.

          Feel free to have a look at our past performance page:

          https://www.macrovue.com.au/vue-performance/

          Obviously past performance is not a reliable indicator of future performance. The Macrovue investment team have 3 distinct characteristics 1. extensive experience in global equities markets; 2. Macrovue's proprietary quantitative model + fundamental analysis for stock picking ; and 3. Ability to identify future growth opportunities early and agility to execute in quick fashion.

          Keep in mind that we are quite different from a managed fund or an ETF. We provide a new way of investing where you get full visibility of the bundle of stocks you own and full control of how much as well as how long you hold them for. We call them Vues and Macrovue is the world's first global thematic investment platform which enables Aussies to do that. WE hope to make them available for people in other countries too in the upcoming years.

          Cheers,

          Maz

          (wow, my responses are getting long…want to make sure to answer your questions as best as possible to give you the full picture)

          Past performance is not an indicator of future performance. This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

        • amorn on 30/08/2018 - 12:49

          @maz123: @maz123, can you please advice me how I can add referral code here on this deal? Thanks.

        • Homr on 30/08/2018 - 20:40

          @maz123: Sounds great, what are the fees charged associated with obtaining financial advice from you or your team?

        • Store Repsspen001 @ Macrovue on 01/09/2018 - 09:38

          @Homr: We don't provide financial advice.

          Instead, our research team selects shares they believe will perform well over the medium-long term. It's then up to the investor to determine whether those shares/companies are suitable to their own individual situation.

          If you choose to invest in a portfolio of shares selected by our research team - the fee is 0.8% pa of the value of the portfolio. More info here.

          This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

        • Store Repsspen001 @ Macrovue on 01/09/2018 - 09:39
          +1

          @amorn: Hi amorn. We're working with OzBargain to get this up and running asap.

        • Store Repsspen001 @ Macrovue on 03/09/2018 - 14:26
          +1

          @amorn: Referral codes now setup. Enjoy!

        • amorn on 03/09/2018 - 16:44

          @sspen001: Done. Thanks for that. If you could also update the description to reflect it, that would be great.

    • wfdTamar on 28/08/2018 - 16:16

      Better off with SelfWealth - $9.50 vs 0.12% per trade!

      • Homr on 28/08/2018 - 16:28
        +1

        Yeh if you are in it for short term trading. $600 brokerage fees will give you 40 free trades up to $12,500

        • wfdTamar on 28/08/2018 - 16:33

          I'd blow more than the $600 in one trade so yes Selfwealth is very good for me.

        • Homr on 28/08/2018 - 16:36
          +1

          @wfdTamar: To blow $600 in 1 single purchase you would need purchase $500,000 worth of shares.

          If that's how much capital you have, then well done!

        • wfdTamar on 28/08/2018 - 16:38

          @Homr: That's correct. I don't mess about with single company shares. I have an unconventional technique that is simple and works (for me).

        • Associatedmaz123 @ Macrovue on 28/08/2018 - 17:16

          @wfdTamar: Great to hear that you have a technique works for you and you are most welcome to use your credits to invest in shares. The Macrovue platform allows you to access 23 exchanges worldwide, not just the ASX.

          This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

    • Shibuya on 28/08/2018 - 16:28

      Do you want to PM your referral link? I am thinking of opening a selfwealth account too and I believe the referrer gets another 5 free trades and I get 5 free trades.

      • wfdTamar on 28/08/2018 - 16:35

        You do, but they only last 90 days (pretty sure that's right). It's annoying as I've referred quite a few people and only been able to use about a third of the free trades I've got through it. However they are only $9.50 so no big deal.

        One advantage to this Macrovue one is if you want to trade foreign shares, but once that $600 is used up you'd want to look around for other cheaper options.

        • Homr on 28/08/2018 - 16:37

          It's 30 days for free trades, 90 days is the free premium trial

        • wfdTamar on 28/08/2018 - 16:39

          @Homr: Oh right. See that stinks. I reckon if you drum up business for them you oughta get no time limit.

  • Julius on 28/08/2018 - 15:25
    +1

    I'd like to trade my $600 trade credits for a bucket of fried chicken.

    • Store Repsspen001 @ Macrovue on 28/08/2018 - 15:47
      +9

      Wish we could help, but alas the offer T&Cs won't allow us…
      "This offer is not redeemable for cash and is not transferable."

      If^ fried chicken is your thing however - you could use our platform to analyse and invest in Yum! Brands^ - the company behind KFC… Food for thought.

      ^This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

      • bemybubble on 28/08/2018 - 16:08
        • this :D
      • amorn on 30/08/2018 - 12:52

        can you please advice allow adding referral code here on this deal? Thanks.

        • Store Repsspen001 @ Macrovue on 30/08/2018 - 20:20

          Hi Amorn

          No code required. All new accounts approved before 12 October 2018 automatically receive the brokerage credit.

  • lakers1222 on 28/08/2018 - 16:00
    +8

    Are your Australian shares CHESS Sponsored (or equivalent)? I don’t want to be out of pocket if Macrovue collapses

    • Jmark on 28/08/2018 - 16:54
      +1

      This is what I found in the FAQ

      You are the beneficial owner of the securities. Our sub-custodian, Interactive Brokers, or sub-custodians appointed by Interactive Brokers are the legal owners of the securities and they hold the securities in trust for you. This system of ownership is common for foreign securities as the CHESS system is not available in foreign jurisdictions.

      • Associatedmaz123 @ Macrovue on 28/08/2018 - 17:37

        Nice one Jmark. That is exactly right. If you'd like more details it can also be found in the Macrovue FSG. WE're happy to help answer any questions by phone, email or chat too.

        This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

    • Associatedmaz123 @ Macrovue on 28/08/2018 - 17:34

      Hi lakers1222, we have a custodian arrangement where our clients are still the beneficial owners. Various exchanges around the world do not have a HIN/CHESS system so it is slightly different for international investing. It is possible to transfer holdings between both systems quite easily as well for stocks and cash.

      Macrovue operational funds are entirely separate from client investment funds so regardless of Macrovue's existence, clients are the beneficial of shares and will continue to have control over their holdings.

      Our client services team would be more than happy to answer any other questions you have by phone, email or chat.

      Cheers.

      This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

  • Sage on 28/08/2018 - 16:23
    -3

    Credits can only be used towards brokerage costs

    Seems a bit pointless then.

    • Homr on 28/08/2018 - 16:45
      +4

      How? Were you expecting them to give you $600 credit to purchase a share?

      • Julius on 28/08/2018 - 16:55
        -1

        Yes

        • Homr on 28/08/2018 - 17:03

          That's cute

        • Julius on 28/08/2018 - 17:04
          -1

          @Homr:

          Yes it is

      • ONEMariachi on 28/08/2018 - 20:28

        I'll admit that my first reaction was, yes, and what is the catch haha

  • OzbargainerSteve on 28/08/2018 - 17:49
    +1

    I am asking this because I really do not like the hassle of all the paperworks maintaining multiple accounts.

    So correct me if I am wrong.

    While $600 sounds like a lot, $15 per trade on buying/selling each side(assumed based on my understanding) on say US shares, one, you will use up $600 in no time, and secondly, that is still a hefty sum as compared to Interactive Broker's US$0.005 per share commission.

    Moreover, Interactive Brokers have recently announce they will lower their minimum 10k deposit account.
    https://www.investopedia.com/news/interactive-brokers-elimin…

    Why not just go straight with Interactive Brokers from the get go? What exactly is the pros going with Macrovue over the long term?

    • Associatedmaz123 @ Macrovue on 28/08/2018 - 18:12

      Hi stevenwgm83, thanks for your question and your points. There are many platforms which offer low cost trades. Macrovue is the world's first global thematic investment platform which allows you to trade internationally, however, also avails to you the 22 global thematic portfolios. For example, the 5G Vue portfolio (https://www.macrovue.com.au/5g-technology-vue/) was released just recently to allow investors to take advantage of 10 companies who are leading the charge in developing this technology - which won't be available in Aus until 2020. The idea is to help our clients take advantage of trends they may not be aware of keeping our clients informed on the markets.

      The other advantages include an easy-to-use platform, with paperless sign-up and Macrovue also provide tax reporting to make it easier during tax time. Dividends are paid directly into your account and W8-BEN forms are taken care of just by agreeing to the acknowledgements.

      Being a FinTech company, there are continuous upgrades to the platform developed from direct feedback from clients.

      The Macrovue Client Services Team team would like to say that they also have great service - but that's for clients to find out first hand =)

      We'd be happy to help you with any direct questions by phone, email or chat.

      Cheers

      This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

      • ONEMariachi on 28/08/2018 - 20:30

        Sorry, just for clarity. When you say, "Dividends are paid directly into your account" do you mean the macrovue account, or my bank account?

        • Store Repsspen001 @ Macrovue on 30/08/2018 - 15:14
          +1

          Sorry - we seemed to have missed your question. Apologies!

          Dividends paid will be applied to your Macrovue cash account in the local currency of the dividend.
          You can elect to keep the dividend payment in local currency, or transfer back into AUD. From here you can transfer available funds back to your personal bank account.

          Hope that helps.

          This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

  • dealsniper on 28/08/2018 - 18:49
    +1

    a few quick questions
    1. can the brokerage credit be used on both domestic and overseas trades?
    2. does sipc guarantee against lossess (sipc member)?
    3. how does fx work? what is the source of the rate?

    • Associatedmaz123 @ Macrovue on 28/08/2018 - 19:21

      Hi dealsniper (cool name btw),

      Excellent questions and I'll answer with as much info as I can.

      1. Yes - you can use it for both domestic and international. The brokerage cost per trade is the same for both - we wanted to keep it simple to invest in international markets.

      2. The Macrovue account has Securities Investor Protection Corporation (SIPC). You may already know that the SIPC standard protection is for up to USD$500k, however, the Macrovue account a Lloyds protection above and beyond the SIPC protection. (I hope I was able to explain- happy to clarify further)

      3. The FX rate is based on the inter-broker rate plus 50 basis points.

      Let me know if you have any other questions =)

      Cheers

      This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

  • 31mop on 28/08/2018 - 23:19
    +1

    I don't currently have shares apart from some money in Raiz. I normally only invest around $200 a FN in investments and put the rest on my mortgage.

    Say I sign up with $x and want to bump up my investments each FN, would each FN be considered a trade and therefore my $600 would be gone in no time?

    • Associatedmaz123 @ Macrovue on 29/08/2018 - 11:30

      Hi 31mop,

      Thanks for your question.

      The platform allows you to invest directly into shares, ETFs and Vues which are a bundle of 10 stocks.

      Trades placed for investment amounts under $12,500 have a brokerage cost of $15 so every time you buy a stock you would be charged the brokerage. It is unlike reinvestment plans of managed funds or RAIZ as you are the beneficial owner of direct shares.

      $600 / $15 = 40 trades and you have 6 months to utilise it. You have the option of saving up the funds and making a larger deposit or you may also choose to deposit funds to store on your platform and make a purchase whether you see an opportunity. The choice is yours.

      Cheers

      This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

  • demiurge on 28/08/2018 - 23:38
    +2

    This is NOT CHESS sponsored. If you are ok with that you might as well go with Interactive Brokers, 0.08% commission and a low minimum $6 per trade.

    • Store Repsspen001 @ Macrovue on 30/08/2018 - 10:12

      I'm not fully across the IB offer, but we think our pricing is pretty sharp given what investors can access, ie:
      * share portfolios created by an investment team with more than 50 years combined markets/analyst experience
      * online applications (including W8-Ben form)
      * multiple-currencies. Deposit U.S. Dollars, Euros, British Pounds, Swiss Francs, Hong Kong Dollars and Singapore Dollars. After a sale, by default, the funds will be left in local foreign currency after settlement.
      * EOFY tax reports
      * modern and user-friendly platform.

      But ultimately when choosing a broker it obviously depends what you're after and what's important to you.

      This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

  • dealsniper on 29/08/2018 - 20:50
    +1

    when are you planning to add live share prices?

    • Associatedmaz123 @ Macrovue on 30/08/2018 - 10:02

      Hi dealsniper,

      We are already developing this capability (along with a bunch of other cool features) so live pricing will be available fore the end of the year.

      Just to clarify, pricing is updated daily currently however, all ordered are placed onto live market at that instant.

      We work closely with our clients to develop the tech and features that they want, so if you're keen we'd love to chat with you about your experience and hear your ideas.

      Cheers

  • ygcarter3 on 30/08/2018 - 23:51

    Is this good for a college student with less than $1500 to invest and an absolute beginner or should I just go with something like commsec?

    • Store Repsspen001 @ Macrovue on 31/08/2018 - 09:10

      Hi ygcarter3.

      Only a licensed adviser can provide you with personal advice.

      Generally speaking - our share portfolios (Vues) have been built to help investors get into the global market. We do the research and come up with a handful of shares our research team believes will perform well in the medium-long term. We have a range of portfolios that might appeal to investors with different risk tolerances, objectives, investment styles, etc. It's up to each investor to determine which, if any, of these portfolos might be suitable to them.

      This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual and does not constitute financial advice. Consider the appropriateness of the information in regards to your circumstances.

  • lakers1222 on 02/09/2018 - 09:35
    +1

    I transferred $1 to my cash account, so I can save the BSB and account number ahead of a larger transfer. That was 5 days ago, and it’s still hasn’t arrived.

    Any idea how long it’s gojng to take?

    • Store Repsspen001 @ Macrovue on 03/09/2018 - 09:24

      Hi. Initial cash transfers can take up to 2-3 business days to show up in your online account as available for trading. I've asked about a $1 transfer and one was received Friday night I believe - so will be reconciled to the account this morning.

      After the initial transfer - cash transfers usually take 1-2 business days - depending on the time of day you make the transfer.

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