Day Trading & Forex Forum

Creech

Does anyone know of any brokers in the UK that allow you to trade Australian shares? If not whats the best way of doing this?

Many thanks!

aussietrader

HI Creech,

if you use HSBC online broking you can buy shares in Aust and over 14 other markets. If you can be bothered the best online broker in Aust is AOT (aotonline.com.au) - a flat price per trade (only GBP10) and up to six trades poer day in same stock is only deemed one trade.

Worth checking out.

AT

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Creech

Thanks for that aussietrader!

breadman

Hi aussietrader,

Can people living in England open an account with a Australian broker. How would they identify you, would you have to send id to Australia.

Thanks,

Breadman

aussietrader

Breadman,

I know that AOT (see above) do accept foreign accounts. ID is based on passport, drivers license, and a utility bill in your name with address.

As is all cash up front, no real risk for them.

AT

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vetten

For info on Aussie brokers go to infochoice.com.au and you`ll find about 20 brokers.
Not all of them accept foreign accounts.
AOT is not cheap for small trades, about $ 33.00 a trade, but that`s for up to 1 million dollars.
Yes up to 6 trades in 1 day on the same order is still about $ 33.00
But there are other brokers that charge $ 20 - $ 25 per trade, even if the trade will be filled over different days. I think that Rivkin accept foreign accounts.

Hope this helps.

christov84

what about Etrade?

Ascottrader

Try BOOM.com, it is based in Hong Kong, it allows you to trade in multi markets oz and the us.
I live in England and I've been using them for 10 years since their startup trading onthe HKSE. No complaints at all ever, cheap and level 2 data reasonably priced, with rebates on number of trades. Their cutsomer service is very good.
I irate them highly.
Regards
Ascot trader