yeh, I agree, I think SRN/HIN really just minimises the counterparty risk. if users trust the platform and don't mind the counterparty risk, $0 brokerage does seem attractive. one thing to correct regarding my last post. I think freetrade only charges FX fee on US trades which is 0.45%. but with standard free service they offer limited stocks to trade from.
Freetrade claims that they don't profit from orderflow, so I could only assume they adopt an internal settlement mechanism to minimise transaction cost. otherwise I don't know how they could breakeven from just monthly account fee.
Ann: Trading Update, page-49
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $29.02M | |||
| Open | High | Low | Value | Volume |
| 12.3¢ | 12.5¢ | 12.0¢ | $3.793K | 31.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 138875 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 28919 | 3 |
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| Last trade - 13.16pm 01/08/2024 (20 minute delay) ? |
| SWF (ASX) Chart |