Online Brokers

[alex keaton]

I mentioned in my previous post that Phoenix AI had first prize for now.

Well I was lucky enough to have a preview of what could be the next generation in trading platforms. I can't say too much because the product is still under wraps and due for release in about 1-2 months.

What I can say is WOW!
To say it's interface is slick is an understatement.
On first glance it is like sitting in a Ferrari or Lamborgini.
You just know this thing is fast and it is.

The approach the developers have taken in being able to visualise the market is phenomenal. Fades taken to the next step. Market replay as you have never seen it before.

The best way to describe the interface's look is to compare it to a cross between the computer game SplinterCell and a stained glass window with fully adjustable and automagically resizing glass panes (if that makes sense with my attempt at photo montage below)



I am in no way doing their interface justice.
You have to see and feel it for yourself.

There first release is missing a few things particularly in the options area and DDE interface but that is coming from what the developers have said.

There could also be some really exciting "what if" features too.

Watch this space as they say...

Wow this is digging up an old thread.

But where you talking about Spark?

Are you still using Spark? I've been using it for several months. Fantastic

 

[bluelabel]

Just researching online brokers and commsec say they discount your trades if you are CHESS sponsored. (I'm not bad at the game, but not good enough to get sponsorship...)

Seriously though does anyone know what CHESS sponsorship is?

:bier:

blue

 

[nunthewiser]

i love ETRADE , they are just great ..professional , courteous , reliable ..

oh also sent me a few xmas hampers over the years also

i notice they are a paid advertiser on this great site also these days ....excellent!

blessem



the above is not a paid spruiking of etrade i did it off my own back

 

[Boggo]

Seriously though does anyone know what CHESS sponsorship is?

blue

Seriously though, ever thought of doing a search on the ASX site...
http://www.asx.com.au/

 

[bluelabel]

Seriously though, ever thought of doing a search on the ASX site...
http://www.asx.com.au/

Seriously, no i didnt, i googled it but didnt get anything worthwhile that i could find.

Thanks for pointing me in the right direction.

:bier:

blue

 

[persistentone]

Regarding ABN AMRO, can someone help me out here? I found two different ABN AMROs. One of these is here:

https://www.abnamromorgans.com.au

The other one is here:

http://www.group.abnamro.com/transition/transition.cfm

This latter group is now owned by Royal Bank of Scotland, which as most of you probably know is a complete basket case right now, just completely buried by all of its bad loans. It may be too big to fail, but I would not be comfortable with them.

Can someone reflect for me on:

1) Why are there two different ABN AMROs?

2) Which of the two is the one known for its research on Australian companies?

3) How stable is the first one, the ABN AMRO Morgans?

 

[persistentone]

I'm looking for an Australian broker that meets these criteria:

- financially stable
- will deal with CHESS sponsored accounts
- good security and would get big bonus points if they have a security dongle that generates random passwords for online logins
- good analyst reports for Australian stocks

What do others think of Macquarie and Wespac?

 

[cutz]

hi persistentone,

Are you looking at trading or investing ? ,

Personally i don't know of any aussie broker that offers all the points you mentioned, IMO commsec are good as far as aussie retail brokers go but they don't offer a password key, i think the two you mentioned are a little more expensive but if your not a trader it probably won't matter too much.

 

[persistentone]

I'm looking to invest, and even the positions I trade my earliest exit would be weeks not hours or days.

The other thing is it would be nice to be able to trade options against open stock positions (covered calls primarily).

 

[persistentone]

Does anyone have feedback on ABN Amro as a broker? Their brokerage charge is 1.5%. That strikes me as HUGE.

 

[Toranova]

Online brokers?

I've been searching around for an online broker to use for my first investment and the cheapest I've managed to find so far is e*trade with a free $550 brokerage fee until the end of june. Obviously very new to this, I've sifted through the ASX brokers pages and have struggled somewhat for who the best online broker is. Just wondering if anyone can make some recommendations?

Cheers

 

[cutz]

Re: Online brokers?

I've been searching around for an online broker to use for my first investment and the cheapest I've managed to find so far is e*trade with a free $550 brokerage fee until the end of june. Obviously very new to this, I've sifted through the ASX brokers pages and have struggled somewhat for who the best online broker is. Just wondering if anyone can make some recommendations?

Cheers

I take it you are looking at short term trading because low commission seems to be top of the list.

With that in mind all I have to say is the major aussie brokers are very uncompetitive, high fees coupled with primitive technology,

OK for the buy and hold set but no good if you're planning on trading actively.