Bell Direct users....question

[Family_Guy]

What could BellDirect do to make their service any better than it already is? What could they add? What's missing? What could you use under the platform that would make it a one stop shop, perhaps?

The reason behind this question is an upcoming dinner with the CEO and i dont want to look like a total newbie. I'm already loaded with 2 thoughts, just would like to hear more.

 

[skyQuake]

What could BellDirect do to make their service any better than it already is? What could they add? What's missing? What could you use under the platform that would make it a one stop shop, perhaps?

The reason behind this question is an upcoming dinner with the CEO and i dont want to look like a total newbie. I'm already loaded with 2 thoughts, just would like to hear more.

Get it cheap as IB

 

[surfingman]

1/ Improve the charting it currently has incorrect highs and lows on some stocks mainly the under .10's.

2/ Allow to buy shares and options at the market price!!! I wanted to buy AQD options it would mean i paid 70% increase on the last price (0.01??) my order was 0.025, my order got canceled then had a phone call stating I should put an order in for .02 then after half an hour move to .025???

Wouldn't recommend Bell because of this to anyone, the old saying rings strong "You get what you pay for"

 

[Family_Guy]

1/ Improve the charting it currently has incorrect highs and lows on some stocks mainly the under .10's.

2/ Allow to buy shares and options at the market price!!! I wanted to buy AQD options it would mean i paid 70% increase on the last price (0.01??) my order was 0.025, my order got canceled then had a phone call stating I should put an order in for .02 then after half an hour move to .025???

Wouldn't recommend Bell because of this to anyone, the old saying rings strong "You get what you pay for"

1/Do you mean incorrect daily highs and lows or 52 week H/L's? I find the daily H/L's on the intraday charts annoying because they usually cover the chart and its hard to see underneath those H/L boxes.

2/ You can buy shares at market price. I have never had a problem with this. Do you have the gold service with live quotes or use WebIress with Bell? As for options, i've never traded them so don't know about that one.

 

[beamstas]

Get it cheap as IB

+1

I'd probably consider bell then

 

[saiter]

Do they allow you to short stocks?

 

[Would Be Trader]

Give the possibility to operate the trading account from a bank account rather than from a debenture account, which has risk associated and is not covered but the government garantee like bank accounts are.

The above is the only thing that has stopped me to trade with them.

 

[glenn_r]

Can they match the true DMA CFD providers commissions, with some starting at $1.00 min @ .1% and as these guys actually hedge their positions by buying and selling equities on the ASX I can't see the difference apart from CHESS.

 

[supermatt]

They could offer free real time quotes. I think its the least they can do, as so many other brokers offer this free. There does seem to be slight issues with the prices not going through at the exact price you put your a limit order in as mentioned.
Bell are fine I havnt had any problems so far but I hate webiress so I dont use that.

ALSO they could keep there free conditional orders instead of charging a fee like they are going to do after June or something.

 

[surfingman]

1/Do you mean incorrect daily highs and lows or 52 week H/L's? I find the daily H/L's on the intraday charts annoying because they usually cover the chart and its hard to see underneath those H/L boxes.

2/ You can buy shares at market price. I have never had a problem with this. Do you have the gold service with live quotes or use WebIress with Bell? As for options, i've never traded them so don't know about that one.

1/ 52 week high lows

2/ Yeah I couldn't buy market as there was an ASX rule quoted, something about market manipulation (disclose my order was for 1k hardly market manipulation) its on my work emails, I sent in a complaint with a similar reply to my phone conversation.

I don't have gold service but found out a way to get live prices which i won't say on here.

 

[idropt]

The graphs are a bit basic, something similar to google finance would be nice.

 

[Bill M]

What could BellDirect do to make their service any better than it already is? What could they add? What's missing? What could you use under the platform that would make it a one stop shop, perhaps?

The reason behind this question is an upcoming dinner with the CEO and i dont want to look like a total newbie. I'm already loaded with 2 thoughts, just would like to hear more.

Hi there, have you had that dinner yet? I would like to know what the CEO thought about the issue with the cash account being actually a debentures account. Debentures are risky and for this reason alone I would not go with Bell. Thanks for any feed back.

Give the possibility to operate the trading account from a bank account rather than from a debenture account, which has risk associated and is not covered but the government garantee like bank accounts are.

The above is the only thing that has stopped me to trade with them.

 

[Family_Guy]

It's on this Wednesday night.

 

[michael_is]

Goods and bads with bell.
I didn't like the fact they they don't disclose the features of the Silver Information Service, Gold Information Service, or the webIRESS untill you have upgraded.

Im also worried it may be the next opus prime as im not sure if my shares are held under my HIN or in their trust. Invoices do not include my HIN which may mean they are under "trust". I am also aware that the cash account has no guarantee and my cash is invested elsewhere on their behalf, for their profit, at my own risk.

This aside, so long as things are going well there shouldn't be any problems. I like their clear simple web layout, and their good value. i would like to see a broking service that can play international markets as well - at good value.

 

[inenigma]

I find it's good enough for me while I'm still learning.

 

[Would Be Trader]

It's on this Wednesday night.

Hi Family Guy,

I was wondering how did you go with the meeting with Bell Direct. It would be great if you could tell us about it.

Thanks in advance

 

[Family_Guy]

WBT.....thanks for the question. It was a great night for a couple of reasons.

First of all, there were about 10 of us, from a VERY experienced trader to self funded retirees, to the newbies. I thought i was a newby but there was a guy there who has only been trading for several months. The whole idea of the night was to get a small group of traders to help develop Bell's services.

It was great to get some insight into others trading habits and patterns, something that we can witness on ASF but it's so much more personal face to face. A few of us have traded emails, ph calls since. We are all now part of a 20-25 strong group of a CEO forum that has regular contact with the man in charge of Bell, that makes trading a very personalized experience.

a day before we had this dinner, BellDirect released some fantastic new tools on their website. From unusuall trading volumes, to graphs that show pressure points (sellers or buyers), Company director's sales, and new market mapping and a few things in between. The gentleman who is a very experienced trader uses 3 websites to trade with and commented on the night that with Bell's new tools, he will just trade with them now. So that to me was a vote of confidence.

One thing i can't wait for is the new charting tool.......it will have around 30 indicators and will be up to the minute. These new tools will eventually eliminate a traders having to subscribe to other sites like BigCharts for example. These new tools does everything that Iress does and more....basically.

Michael_is mentioned about the HIN. It is true that your cash is not guaranteed but your HIN is your HIN and that can't be taken away from you in the event of a collapse. Any stocks purchased thru Bell is yours and is not owned by Bell. On the matter of the unsecured cash, check out the accounts of BellFinancial listed on the ASX and make your own mind up. All seems safe to me ATM.

Margin loans.....you can use your margin loans to purchase shares using BellDirect and i am lead to believe that Bell is the cheapest for doing this.....ie, if you have a Westpac ML, instead of paying Westpacs brokerage, you can use Bell for a bit cheaper.

Thats all i can think of off the top of my head this close to opening bell, any further questions just ask me.

Cheers