- Joined
- 3 March 2012
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I'm new to the forums but I need some advice as I'm finding it exceedingly difficult to find what I'm looking for.
Basically I'm keen on investing in US stocks, and I will be converting my AUS into USD shortly to sleep well at night and be ready for the next time the US markets take a dive.
I would prefer to deal with an Australian-based company as my brokerage house instead of the usual choices like etrade. What are my best options here, given that I will have USD to invest so I will want all my transactions carried out in USD and not AUD (so ZERO currency conversions please)?
I looked at CommSec, but they only seem to offer trades whereby they convert your AUD (which I will no longer have) and it appears that they charge quite a lot for a trade (min. 0.75%???? - wow...). Are there better choices where I could make my transactions in USD and not pay such exorbitant fees, but at the same time deal with an Aussie company?
Basically I'm keen on investing in US stocks, and I will be converting my AUS into USD shortly to sleep well at night and be ready for the next time the US markets take a dive.
I would prefer to deal with an Australian-based company as my brokerage house instead of the usual choices like etrade. What are my best options here, given that I will have USD to invest so I will want all my transactions carried out in USD and not AUD (so ZERO currency conversions please)?
I looked at CommSec, but they only seem to offer trades whereby they convert your AUD (which I will no longer have) and it appears that they charge quite a lot for a trade (min. 0.75%???? - wow...). Are there better choices where I could make my transactions in USD and not pay such exorbitant fees, but at the same time deal with an Aussie company?