Margin Loans Share Broker

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by DaveA__, 23rd May, 2007.

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  1. DaveA__

    DaveA__ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    580
    Location:
    Sydney, NSW
    is it possible to have say my margin loan with comsec/suncorp/LE and use the services of another broking firm to trade? I like andrew wests reseach, however i want to keep using my comsec margin loan for the short term, how would i go about doing this?
     
    DaveA__, 23rd May, 2007
    #1
  2. bundy1964

    bundy1964 Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    345
    Location:
    Adelaide, SA
    I know for my Banksa one I just have to tell the broker that it will settle via the margin loan. I would think you would also have to give them your client number and chess details. I like simple things so I will stick to a one stop shop service for my shares and loan.
     
    bundy1964, 23rd May, 2007
    #2
  3. johnnyb

    johnnyb Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    159
    Location:
    Hobart
    I have a margin loan with LE, and an account with Comsec. It is easy to set up, but Comsec told me the standard broking fee would be $81.90, compared to $19.95 if I used a ComSec margin loan (or just a standard transaction account). :mad:

    John.
     
    johnnyb, 23rd May, 2007
    #3