ramblings, trading thoughts, 3rd. may , page-6

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    GK, I have never looked at Commsec, but based on what you have written I thought you might be interested in a comparison with fpMarkets which I use. The relevant characteristics are listed below.

    • DMA.

    • Platform and data fee = $93.50 per month, but if your account is large enough in a month, or if you trade sufficiently often in a month, the fees are waived. My account is not particularly large, but I have never paid fees. They assess your eligibility for the fees rebate at the end of each month.

    • Webiress platform, which includes streaming data and the full market depth. I cannot imagine trading without streaming data and the full market depth.

    • Basic live charts included for no extra cost. Note that webiress is not a flash ‘arcade style’ platform with lots of fancy charts, nor a very swish user interface.

    • Reasonably comprehensive conditional orders for no extra cost.

    • Does not have guaranteed stops.

    • Alerts are free.

    • ASX trade fee = 0.1% with a $10 minimum.

    • CFDs available for over 6,000 stocks world wide, index CFDs, commodity CFDs, and ETFs such as BEAR for example.


    Regarding charts:

    • fpMarkets includes basic live charts as mentioned above.

    • I use Bullcharts, which costs $352 pa for end of day data.


    There have been a few Australian brokers that have gone belly up, Opes Prime and Sonray for example. Commsec is a large broker, but from what I have read fpMarkets is low risk as well. That is, very unlikely to suffer the same fate as Opes Prime for example. Do your own research.
 
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