ETrade, NAB or Commsec - which one?

New to me. They obviously feel that "at market orders" which simply buy the quantity at the best available price, for low value stock is a risk. The risk being if the price rises quickly then you may pay significantly more than you expect from the time you begin placing the order to the time your order hits the market.

They will of course accept orders if you specify a specific maximum price. This is not really an issue for most traders.

I never put orders on at market anyway so I would not be impacted.

motion said:

Hi Guys,

Just new to all of this and wanted to ask which one of these would be the best to join and use for someone who wants something to suite a beginner.

I have joined the ASX share game but also wanted to register with one of these companies to give it a go as well.

I want something easy to use, no ongoing cost if not used and up today.

Any help would be great

Thanks

Craig

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I am relatively new to this whole stockmarket business and i have a COMSEC account which I find extremely easy to use and navigate through. And best of all - you don't have to pay any money if you don't use it

motion said:

Thanks Guys for all the feedback, I'm only starting out with 5k so I will have a look at the recommended ones.

I would also like to know about CDF's is anyone using Cmcmarkets or someone one like this ?

I'm not sure if I should start trading in shares or CDF's first.

Thanks

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Hi Motion,

I've just recently registered on this site and was just reading some general threads when I came across this one.

Hope you don't mind me interupting this thread, but if you are new to trading in general can I suggest that you make sure that you are 100% confident on your Money Management and importantly what Risk:Reward you will adhere to BEFORE you begin trading.

The reason I say this is that $5k is not the greatest amount of money IMO to trade with and should you be unlucky and end up with an initial run of losses this pot of money could very quickly disappear.

If, however, you are confortable with your money strategy, then I wish you all the best and apologies once again for interupting this thread.

Kind Regards,

Chorlton

Hey folks, just a few questions about CommSec:

1.If I transfer some issuer sponsored shares (<$10k) over to a CommSec account with the intention of selling them, is that counted as a "one off trade" with $66 in brokerage?

2.When you open up your Commonwealth Direct Investment Account (CDIA), this should appear in NetBank so you can easily transfer from other Commonwealth accounts to the CDIA?

3. Finally, with regards to "Up front" Conditional Orders and "On execution" Conditional Orders - does this imply they charge an extra amount for having stop losses or limits?