Best broker for newbie day traders of the ASX?
- Thread starter theatrain
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Knobby22
Mmmmmm 2nd breakfast
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I think you should consider Bell Direct, purely for the added information to help you get up to speed.
Full Service, pretty cheap.
Thanks. Will look into them.
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I also agree that Bell direct is a good choice.
I would avoid CMC markets as they have at times shown poor order execution speed and reliability ( in my experience).
Another one to consider is Amscot. They are cheaper than Bell Direct re brokerage but the platform is more basic. If you only need to enter buy and sell orders and use conditional orders Amscot is fine and fast. My only gripe with Amscot is you can’t enter a market order without a price on the order into the ASX ( or at least I haven’t been able to figure it out) , which is sometimes desirable in a fast moving market.
All above are Chess sponsored brokers which is good
I would avoid CMC markets as they have at times shown poor order execution speed and reliability ( in my experience).
Another one to consider is Amscot. They are cheaper than Bell Direct re brokerage but the platform is more basic. If you only need to enter buy and sell orders and use conditional orders Amscot is fine and fast. My only gripe with Amscot is you can’t enter a market order without a price on the order into the ASX ( or at least I haven’t been able to figure it out) , which is sometimes desirable in a fast moving market.
All above are Chess sponsored brokers which is good
Thanks cropcos. Has anyone used IG? They seem to have a lower fee structure but I don't know anyone who has used them.
