ETrade, NAB or Commsec - which one?

[motion]

Re: ETrade, NAB or Commsec - Bankwest - which one?

Hi,

I just noticed my bank = bankwest has trading has anyone used bankwest at all ?


I just found they are backed by Sanford. Here are there prices ?



Information Service Charges

Service Type Service Charges
Premium Services Account $9.95 per month


Share Trading Charges

Brokerage Rate
Online Trades
Transactions $25,000 or under $27
Transactions over $25,000 0.109%
Phone Trades
Transactions $45,000 or under $49
Transactions over $45,000 0.109%




Other Costs

Service Price
Emailing of Contract Notes Free
Postage of Contract Notes $1.65 per Contract Note
Order Amendments Free
Order Cancellations Free
Off Market Transfers $55 per stock or managed fund
Fail Fees
(Failure to settle sale trade within the required time) $55 or 0.11% per day
SRN (Issuer Sponsored Shares)
registry request $16.50
Stop Payment on Cheques $16.50
Dishonoured Cheques $16.50
International Funds Transfer $27.50
Urgent Funds Transfer $10.00


Thanks

 

[Mouse]

Hi,

Etrade also has an education centre for beginners, I'm not sure if you have to be registered as a client or not. I'm currently going through the technical analysis tutorials and finding them helpful.

cheers
Mouse

 

[DionM]

I use Sanford.

Happy with their service. A touch pricier for trading than other places, but their servers are always available and prompt service.

You don't have to pay $9.95, that gives you live data + access to their research. There is basic trading account that has no monthly fee, with 20min delayed prices (though of course live when you place an order).

 

[resourceboom]

I use netwealth now, very happy. still have an old comsec, but only 1 stock left.

 

[motion]

I use netwealth now, very happy. still have an old comsec, but only 1 stock left.

Hi thanks for this .. have not heard of netwealth yet... do u find there programs good ? and how do u find there prices ?

thanks

 

[motion]

also, for starters, you might want to take advantage of free brokerage offers from commsec and etrade
if i were you, i would probably open commsec, use up the free trades, then open etrade and use up the free trades, then go with one of them afterwards (or another broker).

the commsec one is on http://www.commsec.com.au/Public/SpecialOffers/FreeBrokerage/FreeBrokerage.aspx, u get 12 free trades until 30 June.

the etrade one is on https://invest.etrade.com.au/cms/viewcmsarea.aspx?key=Bulletin - 55, up to 10 trades and the free trades must be done within the first 2 months.

note that the free trades doesnt apply automatically. u either have to sign up through a certain link, or write some keyword on your application form.
also even tho it says for new accounts opened before 30 April etc, its almost guaranteed that they'll have the exact same promotion after that too.

also, when i did the asx game last yr, i got some free trades offer from westpac as well

Thanks for this info. Can some one please tell me what "Chess Sponsored " mean ?

Thanks

 

[crash82au]

Chess is the system that registers shares on the ASX - as far as I know. So the ASX basically is promoting etrade.

I would try etrade for starters. Me being a novice to the market found it a very easy to use. Brokerage well when you start making money you could shop around and find better deals. I considered switching banks from national to anz to speed up funds transfers in to etrade's trade account but still researching better brokerage deals on trades <$10k.

It's a highly competitive game so the companies that do offer a trading platform are fairly close knit in terms of prices. Some of the private brokers are quite expensive, stick with the large banks or well known trading platforms and I don't think it will be a big issue.

Thats just my 2c. Steer clear of Westpac if you can help it. From what I have seen on these forums and other peoples personal opinions they seem a bit further down the ladder on performance for value wise(never tried them, can only go on what I have read and the downtimes Westpac's trading platform seems to suffer).

 

[greggy]

Late last year I moved over from Comsec to ETrade. Despite some initial hic cups, I have found the transition to be quite easy. The ETrade website has been recently improved. The customer service centre is more helpful. Prior to moving to ETrade, I contacted Comsec with my concerns about poor service. They told me that if I wasn't happy that I should swap brokers. Having joined up on the day that Comsec opened up for business quite a few years ago, I felt it was a sad way to end my relationship with them.

 

[The Y-man]

Thanks for this info. Can some one please tell me what "Chess Sponsored " mean ?

Thanks

CHESS is essentially the electronic system that has replaced the "traditional" share certificate.

You can find out more on:
http://www.asx.com.au/investor/shares/how/chess_faq.htm

Cheers,

The Y-man

 

[somebodyhere]

Thanks for this info. Can some one please tell me what "Chess Sponsored " mean ?

Thanks

"CHESS sponsored by ETrade" basically means you do the trade (buy or sell) through ETrade, not through another broker or directly through the company (BHP, SUN, etc).

I might be wrong with my definition, but you don't need to worry about it. It doesn't mean much.

 

[salpal]

Hi Everybody - thought I should let you know of an experience I have had with e-trade.

My account is set to real time however I just use the basic site not power or pro. So I click refresh a lot to get the data right at that time - if that makes sense.
I have received an e-mail from customer service

"Dear E*TRADE Customer,

We have recently noticed that you have been obtaining an unusually high volume
of live quotes from the E*TRADE website. Whilst we are happy to provide
real-time market infomation to our customers to support their trading and
investment needs, your current level of activity is inconsistent with the normal
use of our website and is having an impact on the services that we provide,
which may include the speed in which we are able to process customer orders.

In the interest of maintaining our high quality of service and to ensure that we
can continue to provide all customers with access to this information, we
request that you limit your requests for live data. Ongoing excessive use of
our real-time market information will result in your access to E*TRADE services
being removed.
You may be interested to know that E*TRADE offers two dynamic data platforms,
E*TRADE PRO and POWER E*TRADE, which offer live streaming quotes, dynamic course
of trades, and charting. Further details about E*TRADE PRO and POWER E*TRADE
are available at www.etrade.com.au.

Should you have any questions, please do not hesitate to call our Customer
Assistance Team on 1300 658 355, Monday to Friday 8am-7pm AEST or email us at

wow
I was a bit taken by it all - there is no conditions on how many times you can click the refresh key - so I rang and told them off - threatening to close account etc - They should put it in there account conditions that you can only click the refresh but or refresh page at the most about 4 times a minute anymore and your busted!!!
Not happy Jan

 

[>Apocalypto<]

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

Craig Sanford Securities are great offer options and CFD's as well when your ready

www.sanford.com.au

 

[somebodyhere]

Hi Everybody - thought I should let you know of an experience I have had with e-trade.
..blablabla..

lol that's unexpected. if u dont want to pay for the auto-refresh flatform and don't want to keep refreshing, best thing to do is to download QuoteTracker (http://www.quotetracker.com/), make another free share trading account (such as with westpac or commsec), then link that to quotetracker. the reason u need another trading account is because two 'people' (QuoteTracker and you) cant login at the same time.

 

[salpal]

Thanks for that somebodyhere

 

[somebodyhere]

Just a note, sometimes the software is a bit buggy, particularly if you try to backfill historical data (of a share you've never backfilled before) outside the trading hours. You should know when that happens because the prices are just too weird or you get no graph at all.
And sometimes your share can disappear, you need to re-sort it alphabetically again.

 

[greggy]

Hi Everybody - thought I should let you know of an experience I have had with e-trade.

My account is set to real time however I just use the basic site not power or pro. So I click refresh a lot to get the data right at that time - if that makes sense.
I have received an e-mail from customer service

"Dear E*TRADE Customer,

We have recently noticed that you have been obtaining an unusually high volume
of live quotes from the E*TRADE website. Whilst we are happy to provide
real-time market infomation to our customers to support their trading and
investment needs, your current level of activity is inconsistent with the normal
use of our website and is having an impact on the services that we provide,
which may include the speed in which we are able to process customer orders.

In the interest of maintaining our high quality of service and to ensure that we
can continue to provide all customers with access to this information, we
request that you limit your requests for live data. Ongoing excessive use of
our real-time market information will result in your access to E*TRADE services
being removed.
You may be interested to know that E*TRADE offers two dynamic data platforms,
E*TRADE PRO and POWER E*TRADE, which offer live streaming quotes, dynamic course
of trades, and charting. Further details about E*TRADE PRO and POWER E*TRADE
are available at www.etrade.com.au.

Should you have any questions, please do not hesitate to call our Customer
Assistance Team on 1300 658 355, Monday to Friday 8am-7pm AEST or email us at

wow
I was a bit taken by it all - there is no conditions on how many times you can click the refresh key - so I rang and told them off - threatening to close account etc - They should put it in there account conditions that you can only click the refresh but or refresh page at the most about 4 times a minute anymore and your busted!!!
Not happy Jan

ETrade certainly took an idiotic stand on the issue. If I had been in your position I would have told ETrade to get stuffed and takern my business elsewhere. To be threatened with possible account closure is highly offensive.

 

[niknah]

I was a bit taken by it all - there is no conditions on how many times you can click the refresh key - so I rang and told them off - threatening to close account etc - They should put it in there account conditions that you can only click the refresh but or refresh page at the most about 4 times a minute anymore and your busted!!!
Not happy Jan

If you get quotes alot, download quotetracker and get a westpac account(just use it for quotes if you don't want to trade with it).

quotetracker will automatically reload for you and westpac will let you get quotes of several different shares with one click so it works fastest with the software.

 

[salpal]

Thanks all for your help the thing is - I work and can't download power/pro trade software - the job I have at the moment is just a bum on the seat in case the phone calls which it does on average lets see - once a day, so its boring!!! I will try power etrade once I have some time off at home - till then its refresh refresh refresh - however I am still reeling over there e-mail to me - so will close account when I have come back from overseas - I'll state again there is nothing in the account details that says that you can not refresh your page over and over. Etrade very stupid... customer service, if they had explained it better to me there would not be a problem I would as has been suggested just open another share account - and refreshed there!! sharing the load - as I have already said at work I can not download programs etc.
Thanks again

 

[Uranium]

hello,

On the subject of etrade does anyone know why they dont allow you to trade shares under .50 cents.

Dom

 

[Uranium]

We do not accept At Market orders for securities that are priced $0.50 or less, as there is the potential for the security price to move significantly in a short time. This could lead to your account being placed in a negative cash position.


Can anyone explain this to me please.

Thanks

Dom