Hi dwads, just signed up with minc today, be a couple of days...

Hi dwads, just signed up with minc today, be a couple of days yet for the mail to get to them and get set up. The woman on the phone today mentioned that you get up to 12 tranactions a day for the $17.50 as long as it's the same stock eg BHP or NAB.

So for day trading if I was to buy BHP then sell in a hours time then buy again in 20 mins time and so on the whole buying only costs $17.50. Meaning once you pay the $17.50 the next 11 are free for that one stock per day. Went through it a couple of times with her as it seemed too good to be true.

Have I grasped this right?