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02/05/16
09:41
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Originally posted by ohreally
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Thanks Lioness.
so in comparison to my current setup:
-belldirect $15 for first 30 trades for month, $10 thereafter(and as soon as I sell a share that money can be used, no waiting) = ASX trading only
-Suretrader $4.95 per trade + .033cents per share(dont even think about trading penny stocks here lol, again trade share money immediately available), no need to have a minimum of 25K to avoid the American pattern day trader rule, also 6:1 margin(10K account balance gets you 60K buying power) = NYSE/NASDAQ trading
I'll have to have a look, but im imagining these eTRADE fee's would be quite a bit higher than the above, I know commsec certainly are, and traded share funds need to be immediately available or its just a no go for a day trader, I also heard people having issues with eTRADE during the week(or last week?) where the whole system was down?, I've never had even a glitch with Belldirect thus far, it would need to be a day trader friendly platform to bother moving form Belldirect, and is it an actual trading app or web-based?
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Hi @ohreally . I wasn't making any comment as far as comparing the systems, just answering the question about whether you could actually trade other exchanges via the usual suspects. Not sure of the fees for o/s transactions but ASX is 19.95 then reducing. I believe there is minimum order of $2k for US trades but don't quote me, it is ages since I first looked at it.