Bell Direct - $15 or 0.1% Brokerage Fee
- Thread starter reloadn
- Start date
- Joined
- 21 November 2007
- Posts
- 70
- Reactions
- 0
I have signed up with Bell Direct, and have made a few trades, seems very good, simplicity in making trades, and customer service has been very helpful, overall, very happy with Bell Direct.
Quasar, yes you can sign up, and trade without transfering any existing share holdings with other brokers. If you decide to transfer them, they have all the necessary paperwork.
Hope this helps guys.
Quasar, yes you can sign up, and trade without transfering any existing share holdings with other brokers. If you decide to transfer them, they have all the necessary paperwork.
Hope this helps guys.
- Joined
- 21 November 2007
- Posts
- 70
- Reactions
- 0
Hi coolcricket,
Can you set stops loss to protect capital and stops to protect profit?
They told me that they did not have this facility yet
Peter
BBand, I don't really use stops, so to be honest, I haven't searched for them a great deal, but from what I've seen, I don't think they do. From their FAQ section -
# Does Bell Direct offer Conditional Orders?
Not at the moment, but we are looking at providing this service to you in the future.
Conditional Order is the same as a stop loss right? Of course you could just implement a sell order at a fixed price, no??? Sorry, I'm not to sure about them...
- Joined
- 12 February 2006
- Posts
- 202
- Reactions
- 0
If you already have a broker it is worthwhile approaching them for a better deal before changing to a new broker.
I am paying 0.09% brokerage, regardless of whether it is online or by phone. I got a group of 5 accounts together and they came to the party. It's worth a try anyway.
stevo
I am paying 0.09% brokerage, regardless of whether it is online or by phone. I got a group of 5 accounts together and they came to the party. It's worth a try anyway.
stevo
- Joined
- 12 November 2007
- Posts
- 1,629
- Reactions
- 47
Does anyone trade regularly with these guys? Do they have a decent trading platform to use? For live feed etc... I am interested in starting an account with these guys, prices seem to be fairly good and nice website and good reports in here. Just using St George DirectShares at the moment and they have their DirectShares Power, so was wondering what Bell Direct offers in that department?
Cheers
Cheers
- Joined
- 19 January 2008
- Posts
- 4
- Reactions
- 0
got mates trading with bell direct who swear by them for fast, cheap trades. thinking to move across also before finally getting shunted from sanford to comsec.
website seems pretty clean and according to info and vid here https://www.belldirect.com.au/home/switchnow.html its apparently built by the guys originally behind sanford anyway. vid is from sky business news. seems sky business is still finding its feet, few gaffs from the journo, think he called the guy by 2 or 3 diff names lol
website seems pretty clean and according to info and vid here https://www.belldirect.com.au/home/switchnow.html its apparently built by the guys originally behind sanford anyway. vid is from sky business news. seems sky business is still finding its feet, few gaffs from the journo, think he called the guy by 2 or 3 diff names lol
prawn_86
Mod: Call me Dendrobranchiata
- Joined
- 23 May 2007
- Posts
- 6,637
- Reactions
- 7
Any more updates on this?
Has anyone here migrated/started using these guys?
They do look good, although at the moment im not trading enough to warrant changing. Im in 'investment' rather than 'trading' mode
Has anyone here migrated/started using these guys?
They do look good, although at the moment im not trading enough to warrant changing. Im in 'investment' rather than 'trading' mode
doctorj
Hatchet Moderator
- Joined
- 3 January 2005
- Posts
- 3,271
- Reactions
- 8
Keep an eye out for Bell Direct ads here at ASF. If you're keen to look into Bell Direct further or open an account, please support ASF and open and click the link.
- Joined
- 20 January 2008
- Posts
- 530
- Reactions
- 1
the way i trade includes using a stop loss on every trade. i also like to use buy on gain orders, support buys, resistance sells i.e conditional trades...
any ideas when bell direct will have these available and for what price??
any ideas when bell direct will have these available and for what price??
- Joined
- 22 March 2008
- Posts
- 5
- Reactions
- 0
Have been a member for about 3 weeks.
nice site, have not traded yet, was a member with sanford for years, now stuck with commsec.
The only worry i have with bell direct - and its a big worry in todays market is their direct cash account - here is a excert from the prospectus you need to accept.
Not a bank account -
A Direct Cash Account is not a bank account. Bell
Potter Capital is not authorised under the Banking
Act, is not supervised by the Australian Prudential
Regulatory Authority and the depositor protection
provisions in section 13A of the Banking Act will
not cover the investment in the Direct Cash Account.
However, a Direct Cash Account is represented by
debentures that are secured by a charge over Bell
Potter Capital’s assets.
note - the PDS is by bell potter fin group who own about 15% of bell direct. Bell potter fin group now are in - or were in the throws of buying TRICOM - which you may have heard about recently)
nice site, have not traded yet, was a member with sanford for years, now stuck with commsec.
The only worry i have with bell direct - and its a big worry in todays market is their direct cash account - here is a excert from the prospectus you need to accept.
Not a bank account -
A Direct Cash Account is not a bank account. Bell
Potter Capital is not authorised under the Banking
Act, is not supervised by the Australian Prudential
Regulatory Authority and the depositor protection
provisions in section 13A of the Banking Act will
not cover the investment in the Direct Cash Account.
However, a Direct Cash Account is represented by
debentures that are secured by a charge over Bell
Potter Capital’s assets.
note - the PDS is by bell potter fin group who own about 15% of bell direct. Bell potter fin group now are in - or were in the throws of buying TRICOM - which you may have heard about recently)
- Joined
- 20 January 2008
- Posts
- 530
- Reactions
- 1
anyone know if they offer conditional orders yet?
- Joined
- 20 October 2006
- Posts
- 704
- Reactions
- 0
- Joined
- 20 January 2008
- Posts
- 530
- Reactions
- 1
i would have thought this would be a priority for them to get conditional orders up and running as i assume many people would trade using these and thus would choose not to trade using belldirect as a result of them not offering conditional orders. why would they take so long to offer this service? is it really that hard for them to set up??
I have been trading with BellDirect for two months and am a very satisfied customer.
It is a very simple process to sign up and you can be up and trading within about 3 days. They will open a cash account for you and you can pay into it via bank deposit or bpay. Be aware that it will take a day or so for the funds to appear in your account - so always keep enough funds in the account to be able to trade at short notice.
I subscribe to their gold service which gives live info and market depth - although you do need to refresh your browser all the time.
Your trades are completed instantly and notifications of such are immediately sent via email.
At the end of each day they email a portfolio summary and a daily watchscreen update.
The only problem that i have is that occasionally i need to log in again after refreshing my browser. This seems to occur at busy times or after i have not refreshed for an hour or so. No biggie.
The current lack of stop loss / profit facilities does not bother me.
As i am a newbie to the market i cannot compare BellDirect to other platforms
but i am very happy with their service and would recommend it.
My trades are not large amounts so the $15 chargeis a great help to me.
Rocket.
It is a very simple process to sign up and you can be up and trading within about 3 days. They will open a cash account for you and you can pay into it via bank deposit or bpay. Be aware that it will take a day or so for the funds to appear in your account - so always keep enough funds in the account to be able to trade at short notice.
I subscribe to their gold service which gives live info and market depth - although you do need to refresh your browser all the time.
Your trades are completed instantly and notifications of such are immediately sent via email.
At the end of each day they email a portfolio summary and a daily watchscreen update.
The only problem that i have is that occasionally i need to log in again after refreshing my browser. This seems to occur at busy times or after i have not refreshed for an hour or so. No biggie.
The current lack of stop loss / profit facilities does not bother me.
As i am a newbie to the market i cannot compare BellDirect to other platforms
but i am very happy with their service and would recommend it.
My trades are not large amounts so the $15 chargeis a great help to me.
Rocket.
- Joined
- 15 August 2008
- Posts
- 3
- Reactions
- 0
No-one has discussed the point that BellDirect does not offer a Cash Management Account (ie a real bank account). They only offer the "Bell Potter Direct Cash Account" which is an investment fund.
and
So basically the way I read that is to say that if you can't find anything to invest your money in at the moment, they'll take a punt and invest it into something for you.
You do get a competitive interest rate (6%+) on the fund, but it might be -100%.
"Credit risk relates to the capacity of the borrower, Bell Potter
Capital, to repay your investment and interest. If the borrowers
who borrow money from the Company default on their loans,
the Company may not have enough money to repay investors’
principal and their interest. Investors should be aware that the
Direct Cash Account is not a bank deposit and does not offer
depositor protection. "
Capital, to repay your investment and interest. If the borrowers
who borrow money from the Company default on their loans,
the Company may not have enough money to repay investors’
principal and their interest. Investors should be aware that the
Direct Cash Account is not a bank deposit and does not offer
depositor protection. "
and
"If the value of the security held by Bell Potter Capital falls
and a borrower from Bell Potter Capital defaults, Bell Potter
may not realise enough from the sale of the security to repay
that borrower’s loan."
and a borrower from Bell Potter Capital defaults, Bell Potter
may not realise enough from the sale of the security to repay
that borrower’s loan."
So basically the way I read that is to say that if you can't find anything to invest your money in at the moment, they'll take a punt and invest it into something for you.
You do get a competitive interest rate (6%+) on the fund, but it might be -100%.
- Joined
- 1 June 2008
- Posts
- 159
- Reactions
- 0
A very interesting thing with these guys - at the end of this month they'll introduce their iPhone trading app.
All those techies out there should love this, I think it has real legs and I know i'll use it. I have internet at work, and trading isn't my job, but I sometimes like to get live quotes and do a bit of buying and selling, but to be able to do it from my iPhone in my lunch break would be very nice.
I've used them since early in the year - I have no complaints. I was a little bit unhappy with not having live quotes as standard - but I just paid the 10/mnth and hey presto it's all I need.
All those techies out there should love this, I think it has real legs and I know i'll use it. I have internet at work, and trading isn't my job, but I sometimes like to get live quotes and do a bit of buying and selling, but to be able to do it from my iPhone in my lunch break would be very nice.
I've used them since early in the year - I have no complaints. I was a little bit unhappy with not having live quotes as standard - but I just paid the 10/mnth and hey presto it's all I need.
- Joined
- 26 June 2008
- Posts
- 76
- Reactions
- 0
all i can do is glow about belldirect
aside from their lack of conditional orders (and maybe the 25,000 credits suncorp supplies for asx 200 securities)
i found their transfer to & from of funds was faster, orders processed & settled faster, their bid/ask prices were flexible (ie. more often than not on a falling stock price suncorp has the habbit of buying at my ceiling bid)
customer service was great for broker to broker transfers (both in emails & over the phone)
the emails especially worked well because you can actually email a real person..not a general junk-box address for everyone at the organisation to sift through.
fees are good too...and from memory they have an alright cash rate on the accounts now too
aside from their lack of conditional orders (and maybe the 25,000 credits suncorp supplies for asx 200 securities)
i found their transfer to & from of funds was faster, orders processed & settled faster, their bid/ask prices were flexible (ie. more often than not on a falling stock price suncorp has the habbit of buying at my ceiling bid)
customer service was great for broker to broker transfers (both in emails & over the phone)
the emails especially worked well because you can actually email a real person..not a general junk-box address for everyone at the organisation to sift through.
fees are good too...and from memory they have an alright cash rate on the accounts now too
