Do any of you know any cheap Australian brokers? So far, I've only found $19 to be the cheapest (and you know what happened to Rivkin). I've heard rumours some brokers only charge $10 for a trade. Anyone got any ideas? Seems like ASX isn't too helpful with their numbers.
Daryl Guppy is an equity and derivatives trader in Austraila and covers the Asian Markets. He has a web site called GUPPYTRADERS.COM at www.guppytraders.com/ . Go to his site and give him an e-mail. Elite Trader is mainly for traders who access US stock, Option & Future's markets. Daryl Guppy mentions Brokers E-Trade www.etrade.com.au/ , AOT On-Line www.aotonline.com.au/ & Sanfords at www.sanford.com.au/ . See www.guppytraders.com/gup45.htm for a list of other internet brokers. I have no affiliation with Guppytraders.com , however , I know Daryl has a good reputation in Austrailia as a trader & educator. Be aware that a low price execution , may not mean a quality execution. Gene Weissman E-Brokerage, LLC gene@ebrk.com
Tian, a pretty competitive broker has just opened up. I believe that they are the cheapest there is around in this country. They are called Morison Securities and are located in Sydney. Their phone number is (02) 9033 8383 I am myself just in the process of opening an account there. Mr Weissman mentioned execution. I doubt that this comes into the equation as everything is now automated. They are especially very cheap with options. freealways