I know it is still expensive when compared to other platforms but still better than paying $20 per transaction for up to $1000 worth of stock.
Buy it, invest it, re-invest it or sell it - harder better faster stronger. It if is a duplicate post, please delete it.
CMC supports HIN ?
Yep.
*Limited to one buy order under $1,000 per stock per trading day.
All other trades:
All other buy orders
$11.00 or 0.10%
$9.90 or 0.075%
All sell orders
$11.00 or 0.10%
$9.90 or 0.075%
I am an average income earner, so putting my money every now and then and keep dca every month for long investing. So this is really good for me (or any average people i know).
Say you put $3k every month for investing into DHHF (for example, not financial advice), just buy $1k on 3 separate days. Easy, no fees.
If you want to sell big chunk in future, i bet in near future, there would be other brokers that very cheap out there that you can transfer out to (Stake is currently $3 fee for $30k, for asx).
Both are CHESS sponsored and you own your HIN.
A friend told me they upgraded their user interface recently. Is it actually better now? When I last used it late last year, it was one of the most un-intuitive interfaces ever. The whole design and navigation was simply atrocious.
Even geocities fanpages from the 90s had better design.
It's quite good now. Can also do very quick transactions in the native Commbank app
App has been ok for years. The website is still the same it was for nearly 10 years/since I've used it - terrible.
Great on vertical monitors. Poops over Westpac;s fossil arrangement.
Dedicated oldies to start your day with a tube. Laura to finish it off.
Belldirect has more girls, but can they compete?
More up to date than your dad's movies….
Buy-side only. One per day.
But I do think the CMC offer is good.
Commsec Share transactions between 1000-3000 for $10 brokerage.
At least theyre getting more competitive.
$5 USD (or 0.12%) on international is nice too
That's cheaper than Selfwealth ?
Any stock tips?
buy high, sell low
A fellow regard i see
So retarded, you can't even spell it correctly. 😂
I have been successfully doing that for last few years.. lol
Buy low, sell lower
avoid speccy stocks, for every win you see on r/asx_bets there's probably a dozen other people who lost $$
boooo
people really follow reddit advice for stocks
jesus…..
Spend money on nerds like Etherstack and find nobody likes nerds anymore…
VDHG or DHHF for long-term buy and hold with little effort.
Read here if you want to learn more. https://passiveinvestingaustralia.com/
Vanguard has only gained 15% in 5 years.am i missing something….
Deboss on fintwit says AVZ is going to moon.
great example of why competition is good for consumers : )
much needed when you have the likes of stake offering $3 asx brokerage, CMC $0 up to 1k, and vanguard offering a flat $0 fee but only applies to their own products.
Now just waiting for IBKR to adopt chess
Doubt IBKR would bother with that they really run a lean operation
I used to audit them in a previous life.
interesting
Still not reaching stakes level of value.
I hoped for $5 for up to $10,000 and I close stake asx on the spot… !
Pearler isn't bad, CHESS-sponsored, $6.5 flat fees
Stake $3 flat fees for upto $30k with chess sponsor
Even cheaper, I need to open a new account.
there's not much pearler does over stake that justifies it's extra $3.50 per trade but $6.50 is still reasonable!
Commbank use to be $10. Competition does increase value for consumers
You'll get offered 0.10% and 0.11% if you transact enough.
superhero $5
and free for ETF buy but it is custdian model but it is a model used by all other brokers overseas….
Non CHESS so not properly comparable
I know this is a long shot, but does anyone know if any of the recommended trading platforms allow to open an account in the name of a discretionary trust (family trust)?
**yes, i’m fully aware this is OzBargain, not OzFinancialPlanning…
My understanding is you must open it in the names of the trustee/s with annotation ITF followed by the legal name of the trust.
I’ve done this with commsec.
Awesome thanks!
Makes for very long names on share registries but that is what computers are for.
One of the advantages of commsec is that they are setup to support trusts, must be a significant part of their business.
If your trust is investing longer term/trading infrequently then I wouldn’t bother with the others as ease of use will outweigh minor brokerage savings.
Given this is Ozbargain, I'm gonna be the salty one to neg under the guideline "The deal is not the cheapest available".
Stake AU is $3 per trade up to $30k for AU Equities (i.e. cheaper for all trade sizes even before considering there are free trades available), and in terms of brokerage is functionally identical (except some advanced order types I guess, and the market depth, although one can access that with Commsec for free… no need to pay brokerage).
(but great to see Commsec feel the heat)
I dunno man - a lot of people would pay a difference for the user experience alone
You're entitled to the Commsec UX for free (and can use whatever broker you want to execute).
commsec doesn't have great user experience either … i found NAB much better then commsec … ! Stake is even better but you need to pay for their premium membership to get market depth and other info.
for frequent trader stake saves lot of money if you put that into excel then you will see that .. !
You get live customer support via phone. If I making trades over 10k… I would like a direct line to someone right? Additionally, you have no 25k limit PayID each day to fund accounts as CDIA allows for internal transfer immediately. Additionally, you don't get access to margin nor derivative trading.
If you're trading about 10k a hit, this deal isn't for you.
Negating the trade value. Do you not want an issue surrounding money with a live agent instead of email confirmations? If you are paying an extra $2 per trade under $1k here for live support it worth it. Other startups can't afford this as paying a team or 3 min. at $65k doesn't make sense.
@blighst: Amended order got partially filled whilst order was getting cancelled in market. Called up given option to buy or sell and have brokerage reimbursed as a result to automation being slow. Additionally, add on services like Viewpoint subscription being charged incorrectly and investigated on the spot. Sounds like you haven't experienced any issues therefore don't understand the addition cost for convenience and safeguard.
[Edit: additionally, you can call up and get "late fees" waived for settlement if you don't know the cut offs for funding 7 am on settlement. * late fee is $100 per day]
Do you keep your assets (both cash and stocks) if Stake were to go bust?
It's CHESS sponsored, bank account is held at ANZ…
Comsec doesn't require available fund when you place the order.
True. It takes 3 days for them to take the fund from CDIA account.
They do now, if it is above 5k, as of a few years ago. I feel like i remember reading some where that they will count up to 50% of your portfiolo with them as well. IE if you have 100k in BHP you could trade on up to 50k without having the cash but it just says your trading limit might increase now and doesn't put a % figure on it in the T&Cs. :
"CommSec may provide you with a trading limit, which could allow you to place a buy order for Australian shares and other exchange traded products without an initial cash deposit. Most customers have access to an initial $5,000 limit which can be used to buy leading stocks. Within that limit, $1,000 can also be used for non-leading stocks. Our current list of leading stocks can be found here (non-leading stocks are any stocks not included on this list).
Remember that funds must be available in your settlement account on the morning of settlement, which is two (2) trading days after your buy order has been executed (T+2).
Your trading limit might increase or decrease depending on the balance of your linked Commonwealth Direct Investment Account (CDIA), the value of the shares you already own, and the value of any unsettled transactions or outstanding orders on your account."
Well I hv no idea how it works but if I can get some help how to trade, would be highly appreciated. Feloow Ozbargainers😊
Free with CMC Markets up to $1000.
The Comsec user interface isn't really anything to write home about and is actually quite outdated, not worth the extra costs.