This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Broker Fees.... Help!

Jump to new

hi
with comsec you do not need an account with the bank but for the cheaper trades you need open cash management account which is an internal account with commsec
no fees, no minumum balance and it has two linked accounts one of which earns interest.
 
jossho89 said:
commsec sounds like a good idea! does it require me to open a bank account with them as mine are with anz?
Click to expand...

No.
Apply for CommSec
Get a Commsec Cash Management account
Transfer money to Commsec Cash Management account
Buy Shares


The cash management account is where your money sits if it is not in shares
You don't have to open a Commonwealth Bank Account

It is just as easy to transfer from ANZ to Commsec as it would be to transfer from ANZ to E-Trade

If you want you can give me a call should you need this explained in person
I will p.m you my mobile number should you require it

Brad
 
ok sorry for my Ignorance its all new to me and i guess this is why im doing this!
Commsec it is then haha
thanks again guys
 
jossho89 said:
ok sorry for my Ignorance its all new to me and i guess this is why im doing this!
Commsec it is then haha
thanks again guys
Click to expand...

Just use your ANZ netbanking to transfer (payone) dollars into your new
Commsec (not commonwealth) cash account....once its all set up of course.
 


I was also under the impression that Comsec charges a monthly fee... about $71 if I remember correctly, which is waved if/when a certain amount of transaction fees have been incurred. What is that for?
 
moktah said:
I was also under the impression that Comsec charges a monthly fee... about $71 if I remember correctly, which is waved if/when a certain amount of transaction fees have been incurred. What is that for?
Click to expand...

They don't on the normal platform
IRESS do i think
 
moktah said:
I was also under the impression that Comsec charges a monthly fee... about $71 if I remember correctly, which is waved if/when a certain amount of transaction fees have been incurred. What is that for?
Click to expand...

If you want to use IRESS with them which gives you a decent trading platform and live data, then you pay $82.50/mth. That fee is waived if you do more 8 or more trades in a mth, or > $220 brokerage in a month.

The basic Comsec website is free. It gives you snapshot market depth. You will only pay for brokerage.
 
stock nub said:
Amscot is the cheapest online broker.

https://www.amscot.com.au/

14.85 for trades less than $17k.
Click to expand...

amscot charges $14.85 up to 17000 then 0.088% after that. CMC markets stockbrokering charge $9.90 or 0.10% whichever is greater.

So it depends on what size you trade. As CanOz says, IB is the cheapest of all if you're happy to use them.
 
You must log in or register to reply here.

Similar threads

M
Best Broker to Trade U.S. stocks from Australia
Replies
11
Views
4K
investtrader
E
US stock market
2
Replies
38
Views
5K
Value Hunter
V
W
  • Poll
On-line Broker - Open Markets, CMC, IB
Replies
0
Views
3K
wslsuper
W
S
Interactive Brokers: Asking for opinion?
Replies
19
Views
5K
investtrader
Superhero - Afterpay/Zip backers fund Robinhood-style trading platform
Replies
13
Views
5K
Dona Ferentes
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...