I'm in Australia, and split between 2 choices: Commsec and CMCmarkets
Commsec is a domestic brokerage run by one of the major banks here. The key advantage I can see if that commsec CFDs are exchange traded, so there's a measure of assurance that the broker isn't pulling any shennanigans, and that everything is above board.
The downside is I've heard their trading platform is one of the worst, their trading costs are slightly higher then everybody else's, and they retardedly make you pass a test before not only opening an account (understandable) but also before they let you use stop loss orders.
CMCmarkets (and IGmarkets etc) have lower costs, but they're all OTC, so my broker is taking the opposite position. In the CMC PDS I'm pretty sure I've read that the prices quoted are generated by CMC, and may not perfectly reflect the market price (or something to that effect).
Does anybody have any viewpoints/experience? Personally I'm leaning towards CMC or IG, due to lower costs, and their general reputation .
Commsec is a domestic brokerage run by one of the major banks here. The key advantage I can see if that commsec CFDs are exchange traded, so there's a measure of assurance that the broker isn't pulling any shennanigans, and that everything is above board.
The downside is I've heard their trading platform is one of the worst, their trading costs are slightly higher then everybody else's, and they retardedly make you pass a test before not only opening an account (understandable) but also before they let you use stop loss orders.
CMCmarkets (and IGmarkets etc) have lower costs, but they're all OTC, so my broker is taking the opposite position. In the CMC PDS I'm pretty sure I've read that the prices quoted are generated by CMC, and may not perfectly reflect the market price (or something to that effect).
Does anybody have any viewpoints/experience? Personally I'm leaning towards CMC or IG, due to lower costs, and their general reputation .
