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Starting out with shares, Best value brokerage ..
euphoric
post Posted: Feb 25 2008, 07:44 PM
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Posts: 19


Hi there,
i rate Macquaire Prime!
$20 trades, positive interest payments on available funds,margin lending facility,CFD' s + heaps more

5 star! :D

 
Guest_ozwrangler_*
post Posted: Feb 14 2008, 05:01 PM
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Thanks for the replies.

I've looked into it, and belldirect is attractive at $15 for trades I intend to make but doesn't have live quotes (or $120 p.a. for Gold Service including this). A 20 minute delay might mean maying more than I intended for shares?

I'm confused by this:

To place an order via Bell Direct website, you will need:
* the ASX code of the company you wish to trade
* the quantity or value of shares you wish to buy or sell
* the price (either Limit or Market To Limit price) you wish to pay for the shares
* the validity of your order (either Day Only, Good Till Cancelled or Specified Expiry Date)
* your PIN

BUT then ...

Does Bell Direct offer Conditional Orders?
Not at the moment, but we are looking at providing this service to you in the future.

??? Aren't limit orders a kind of conditional order? (sorry, newbie!).

Assuming I can do a limit order to buy shares (at no extra cost)...
Would I really need to have live quotes/ real-time share prices?
(given small number of trades/ year and relatively small amounts of $)?

 
wolverine
post Posted: Feb 8 2008, 07:24 PM
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Posts: 10,059
Thanks: 878


a couple of links i found with a quick search.

Smallstocks broker comparison

Infochoice Broker Comparison



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
wolverine
post Posted: Feb 8 2008, 02:48 PM
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Posts: 10,059
Thanks: 878


often AFR Smart Investor lists all the online brokers for features costs etc.

typically the online broker from your current bank will meet the most basic needs at a good price.

so check out your banks website and go from there.

if you want more features than basic execution of trades then you might consider looking deeper.



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
Guest_ozwrangler_*
post Posted: Feb 8 2008, 02:36 PM
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I've almost paid of a mortgage.
I'm intending to withdraw $5,00-10,000 from the loan to buy parcels of shares, maintaining a balance of about $5000 in the mortgage for line of credit purposes.

i.e. buy shares, then paydown mortgage back to $5,000, buy more shares and so on ..

Is there a 'best value' $ in this $5,000- 10,000 range, taking into account cost of brokerage?
I haven't had any luck searching here for the answer.

Many thanks from a newbie.

 
 



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