MT> I got a comprehensive Info Pack from ETrade (a flat fee broker) the other
MT> day
MT> and their commission for any trade from $4000 to $100,000 is a mere
MT> $US19.95.
MT> Add $6 on to that and you are only paying $A26. Pont, who are perhaps the
$US26 you mean. And that's $A35. R.V. Williams or similar (can't
remember the name for sure) charge $55 instead of Pont's $60, but
that's only for orders under $6000, $110 above, which yes is a lot
different.
MT> cheapest brokers in Australia can't come near that price. Their charges are
MT> $60 per order under $6000 and $120 from $6000 to $100,000. A sizeable
MT> difference but, of course, they can do that sort of thing in the US with
MT> the size of the population over there.
I think you'll find that the Australian broking houses have to
pay something like $25 for every single trade that your single
order takes. BFN. Paul.
@EOT:
---
* Origin: X (3:711/934.9)
|