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Bell Direct - $15 or 0.1% Brokerage Fee

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Anyone heard of or use them?

Appears to be the cheapest brokerage now, other than Interactive Brokers, which may not appeal to the average or beginner investor/trader.

Your thoughts?
 
yes, its a new joint venture between Bell Potters and the guy that started Sanford if I remember right.

nobody will be able to tell you their experiences with them, `cos the paint is still wet.
 
Thier website is looking quite nice and their prices are looking even better
I might just sign up.. but might wait for some reviews.. its the cheapest so far i guess.. and it says on thier website they have built trading systems for some biggies so i am assuming they are good :2twocents
 
Do these smaller brokers let you trade small/micro cap stocks?

And it seems you have to pay $10 a month (Gold service) to get live prices.
 
bryan_palmer said:
Do these smaller brokers let you trade small/micro cap stocks?

And it seems you have to pay $10 a month (Gold service) to get live prices.
Click to expand...

I am in the market for an online broker in the very near future so was very interested to read this thread! I've had a brief look at their website and i must say it looks impressive ..... i'm going to have a more detailed look over the next few days.
I'm not a big investor but am looking to change from my current broker to an online broker. I've looked at a few so far and this one looks quite good from the outset (not that i have a great deal of experience but i know what i am looking for).
$10 a month (or $120/year) for the gold service and live prices seems quite cheap to me and is a price i would be willing to pay with great value trades at only $15 or 0.1% of value.
Is anyone out there using Bell Direct and willing to share a few comments? :D
Can anyone see any negatives with Bell Direct?
 
I noticed the "My account" - Transfer Money button

Maybe u cant link a bank account to it-:confused:

Gold service for $120 sounds ok to me.
 
Hey guys,

Looks like more people are looking into Bell Direct as well... I'm interested as it's a good rate and I'm not happy with commsec as I pay for pro trader and it's been down for a hole month and I'm not getting a refund....

Not happy... So maybe it's time to move to bell direct....

If anyone has an info and how they find the live feed I would be interested...

thanks guys I will also give them a call and find out some more...
 
motion said:
Hey guys,

Looks like more people are looking into Bell Direct as well... I'm interested as it's a good rate and I'm not happy with commsec as I pay for pro trader and it's been down for a hole month and I'm not getting a refund....

Not happy... So maybe it's time to move to bell direct....

If anyone has an info and how they find the live feed I would be interested...

thanks guys I will also give them a call and find out some more...
Click to expand...

Glad to see some competition, certainly cheaper than Commsuc, and if you can use the Bell Direct cash account (6.15% interest, calculated daily) to clear trades with then that's miles ahead of Commsec as your funds will be earning a higher level of interest (commsec don't pay interest on amounts below $5k and even then it's a very low rate).

BellDirect also makes Interactive Brokers look less attractive too for those interested in straight equities and warrants trades on the local market. Here's the link to the fees table: https://www.belldirect.com.au/home/sharetrading.html

I assume CHESS sponsorship is a simple affair as with most Aussie brokers.

I haven't seen the Bell Direct platform but at $120 p.a. it is as cheap as chips if they have a reasonable level of functionality, looking forward to some screenshots. I'd guess that they don't offer eto trading but not everyone will miss that.
 
Just a little bit more info:

They currently do not offer conditional orders, but hope to offer them in a "couple of months'

They do not offer "charting functionalities capable of technical analysis"

Also under "Whats new" on their website:
Coming soon- CFD's, ETO's and margin lending

Regards
Peter :)
 
I registered to have a look.

Would seem that you can not check out their trading platform or for instance see how stops are applied or what they cost.
 
I think there is a difference between live prices and dynamic prices (upgrades continuously).

so with live prices you have to pay $ 10/month, which is free elsewhere.

unless they mean dynamic prices ofcourse:)
 
Joined up with them this morning. Seems cheap and from what I can tell the website is pretty good too. Takes a few days until its fully opened. Commsec is too expensive over 10K and IB dont offer Chess so this seems like a good alternative :)
 
Had a chat with comsec today and I was told that if my cdia goes short of cash again, I could be possibly booted out and account shut. Its happened just twice in last 2 years as far as I remember by oversight and it seemed pretty harsh to me.
I had a rejection fee ($54) charged for it and also an early settlement fee because they decided to settle one of my sell early because of the short cash in a/c.. so i got hit with a double charge.. anyway I talked to them and they agreed to take away one of the charges (early settlement)

Although they were quite professional cancelling that charge ... it made me want to look at other services even more ..

I checked out bell direct ... and I am already liking the way the deliver the current news updates, and portfolios simple and clean , 10 $ a month is Quite okay even with thier 15 $ a trade rate. And you got email alerts too.. but dont know if they charge for it.

Now just waiting for someone to report on how smooth the trades etc are processed.
 
Bruza said:
I to would be interested on any updates.

Has anyone joined up yet?

Thanks in advance.
Click to expand...

Hi Bruza,
I have just joined up with Bell Direct. I haven't made a trade yet but I liked what i saw and with $15 trades together with relatively cheap live data ($10/mth), i think it is very good value. I have spoken to customer service staff a few times and they are very helpful :D
 

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