Wanted: Good US Online broker

[nizar]

If you are going to do some light trading, then stay as far away from Comsec for international trading as you can. Compared to their low rate of $65 a trade, IB will charge from $1 US a trade. A huge difference.

Thats beautiful, ill be checking it out.

 

[It's Snake Pliskin]

Australia is an expensive place for brokerage.

 

[Glenhaven]

Thats great thanks alternatively if I just wanted to trade ASX shares? would Comsec be OK or is there someone else better?

I use Andrew West and I suggest they are at least worth a look. The fees are OK is you trade online.

 

[vishalt]

yeah Aus brokerage rates + interest is a joke, but the stockmarket is really good .

 

[dubiousinfo]

I use Andrew West and I suggest they are at least worth a look. The fees are OK is you trade online.

Had a look at their website and found the following on rates:

"brokerage rates - starting from $29.95 for trades up to $30,000 in value, and 0.11% for trades over $30,000"

This would appear to be the same as Etrade, which is one of the more expensive rates around.

 

[nizar]

For aust. equities, try Morrisons.
Brokerage is $22 upto $50k.

 

[Glenhaven]

Had a look at their website and found the following on rates:

"brokerage rates - starting from $29.95 for trades up to $30,000 in value, and 0.11% for trades over $30,000"

This would appear to be the same as Etrade, which is one of the more expensive rates around.

Maybe I am out of touch, but when I last checked others brokers had monthly fees or minimum number of trades per month to get access to the professional platform.

I stayed with Andrew West as I can do no trades at all in a month, get access to all I want and pay no monthly fees, and the rates were as low as others. Is this no longer so?

 

[ShiroKage]

Has anyone tried Zecco yet???

i too would like to hear something about zecco.

 

[Hopeful]

IB is cheap and cheerful! Put's the Aussie brokers to shame. Great for active traders. Less active traders might want to try a no-commission broker such as http://www.zecco.com/. I think it only takes a few days to open the account at IB if you supply the correct ID and address confirmation documents - all the forms can be filled out online and submitted immediately. You can even scan and email your ID documents for the fastest service. IB is truly fully electronic - I'll bet in the future you can do on online retina scan or DNA scan for ID.

 

[boiler123]

I read this thread and looked at Interactive Brokers and I got a bit overwhelmed about their conditions (like minimum account balance and minimum trading).

Since I am not a trader (I don't want to trade) or sophisticated investor, I just want to buy a few Berkshire Hathaway B shares (cannot afford A shares) to lock away between 5 to 10 years. I don't think Interactive Brokers would suit my simple requirement. So, is there any other online broker who would meet my need?

I have got an application from Comsec, and yes for international shares they charge US$65 or 0.75% whichever is greater.

 

[wayneL]

I read this thread and looked at Interactive Brokers and I got a bit overwhelmed about their conditions (like minimum account balance and minimum trading).

Since I am not a trader (I don't want to trade) or sophisticated investor, I just want to buy a few Berkshire Hathaway B shares (cannot afford A shares) to lock away between 5 to 10 years. I don't think Interactive Brokers would suit my simple requirement. So, is there any other online broker who would meet my need?

I have got an application from Comsec, and yes for international shares they charge US$65 or 0.75% whichever is greater.

Prolly as good as any for what you want to do then.

 

[boiler123]

Prolly as good as any for what you want to do then.

Hi Wayne

Who is Prolly? Sorry I am not with you.

 

[wayneL]

Hi Wayne

Who is Prolly? Sorry I am not with you.

Prolly = probably.

Sorry, IRC code.

 

[boiler123]

Prolly = probably.

Sorry, IRC code.

OK, thanks!

 

[chrisdedavid]

I fail to see why TradeStation and OptionStation are not mentioned here.

It looks like it's commission free with cheap trades. Not sure where the strings are attached.

Any info would be appreciated. Thanks.

 

[chrisdedavid]

Also, this snap shot says $200 for the first Statement, is that right?

I'm guessing that Archived Statements are optional.

And... what about Scottrade?
Their rates seem unbeatable.

 

[chrisdedavid]

OK Now here is one for options trading

These prices just kill the others, well that's what I can see, anybody wish to comment

optionhouse

Is this really as good as it gets?
... hmm ... I guess this may differ dramatically with the online access, software, charting, and free data services they provide to clients. Anybody got some inside info?

Thanks, Chris. :newbie:

 

[Ken]

How do I buy U.S. stocks?

I want to purchase the following stocks in the US:

Bank of America
Citigroup
Merrill Lynch

I am looking at buying $30,000 in total.

I live in Australia, what online broker can I use for this? I am currently with Westpac.

Thank you.

 

[ithatheekret]

We use HSBC for US stocks .

 

[wiseguy]

i use Interactive brokers for futures.
im sure they do stocks too