On the Yank market they are typically charged from $2.50 to $5 for a discount broker. A fraction of what we pay.
Anyway in Aussie the best I can get is 0.08% from BellDirect. On all trades above 15K. They offered me this when I told them I am taking my business to Commonwealth as they offerred me a good deal.
Then they sliced and diced my fees from 0.11 down to 0.088%, which works out to save me a few K pa. Plus they give me free Iress access indefinately, that they will review yearly.
Commonwealth could not match. As naturally preferred the full featured Comm site. Yet still have my selling of covered and uncovered options with Etrade. Yet they very expensive, will look to move my selling options.
I hear Interactive Brokers give the best deal in regards to this, I tried contacting them yet they are difficult to get through too. And never seem to respond to me enquiries.
