Its nothing to do with slippage.It is a slight change in strategy.
E*Trade has always shown that it is not interested in the small $ amount trader. For example, customers are required to open an account with $5,000, which can be withdrawn once the account is open. In other words, it is saying "show us you have money to invest".
That sensible precaution still applies.(E*Trade also will not let anyone buy unless they already have the cash in their acount to cover it. Another sensible precaution as another poster has stated.)
I'll bet Commsec has 100s of 1000s of registered customers who never or hardly ever trade. They just clog up Commsecs servers.
For trades over $30,000, E*Trade brokerage remains unchanged at 0.11%. I understand the same % applies to Commsec
