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Far cheaper brokers than Commsec et al. Why pay $20-$25/trade...

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jmkn04

28 Posts.

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24/04/20

15:10

Post #: 44237537
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Originally posted by Blade2008: ↑

Does anyone else have problem with Commsec and executing a trade, if the trade in more than 10% different to the value

i called commsec and told them i am instructing them to buy 100,000 options at whatever the first person selling 100,000 wants to sell them for, i have money in the account they can see that. There was 1,000,000 options on offer so i was just buying at market.

commsec said no i cannot buy the cheapest options as they are being sold too far from current market.

This is insane, if someone is offering and i am willing to buy why is commsec stopping me, if i want to light my cash on fire thats my choice.

The same issue when i want to sell, i want to put them in for $1, when they were trading at 20cents. commsec rejects as too far from price......

Now options are worth $0.00001 with major announcemnt on monday that might get them into the money again. but how will they move up if everyone has to buy and sell within last 10% sale; and if you have to buy and sell $500 at a time this doesnt make sense. The options can never jump on great announcemnt without someone selling for cheap first......

does anyone else have this issue with commsec and is there a better broker to use.?????

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Far cheaper brokers than Commsec et al. Why pay $20-$25/trade when you can pay $9/trade??? Shop around for the best deals.

Vote with your feet... otherwise they'll just keep gouging customers ad infinitum.
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