Details
| Company |  |
|---|---|
| Product | Rapid Trader Standard |
| Go to Site |
Fees
| Standard Brokerage | $20.00 |
|---|---|
| Ongoing Fee | $0.00 |
| Ongoing Fee Rebate | No |
Premium Clients
| Dedicated Service Desk | No |
|---|---|
| Minimum Brokerage | $0.00 |
Trading Platform
| Platform Used | Rapid Trader |
|---|---|
| Web Software Platform | web |
| Dynamic Trading | Yes |
Settlement Accounts
| Any Account Allowed | No |
|---|---|
| Institutions Account | Yes |
Star Ratings
| 10 trades per year | |
|---|---|
| 8 trades per month | |
| 40 trades per month |
Product Features
Securities Traded
| Shares | Yes |
|---|---|
| Shares become available when a company is publicly listed on the stock exchange. This means you share in the company's performance in the form of profits or loss, through the value of your shares increasing or decreasing. A green tick above indicates that the online trading product facilitates the buying and selling of shares. A red cross means this security (shares) cannot be traded with this product. | |
| Managed Funds | No |
| Managed funds are characterised by an investment portfolio that is looked after by a professional investment manager. It's a type of "mutual investment" whereby the funds of many investors are combined. They are popular in Australia because diversification of your investments is easy, it's reassuring to have an expert manage your money and you can start with as little as $1000. A green tick for this section means the online trading product you have selected allows managed funds to be traded, whereas a red cross means this security cannot be traded. | |
| Warrants | Yes |
| Does the provider allow you to trade warrants? These are a form of derivative whose value comes from some underlying instrument, such as a share in a company. Some warrants give holders the right to buy or to sell the underlying instrument such as a share or ETF to the warrant issuer for a particular price at a particular time. | |
| Options | |
| Does the provider allow you to trade options? These are contracts which give you the right to buy (a call option) or sell (a put option) an underlying asset such as a share at a nominated exercise price for a given period | |
| Futures | No |
| Does the provider allow you to trade futures? | |
| ASX CFD | No |
| CFD's are agreements to exchange the difference in value of a particular financial instrument between the time at which the contract is opened and the time at which it is closed. CFD's are inherently risky investments, and so you should be careful about trading CFD's, and make sure you are fully aware of and understand the risks involved. ASX CFD's are listed, traded and cleared on the ASX, with benefits of transparency and regulation. | |
| OTC CFD | No |
| Does the provider off Contracts for Difference or CFD's that are sold directly or "over the counter"? CFD's are agreements to exchange the difference in value of a particular financial instrument between the time at which the contract is opened and the time at which it is closed. CFD's are inherently risky investments, and so you should be careful about trading CFD's, and make sure you are fully aware of and understand the risks involved. OTC CFD's are not traded on an exchange, but issued directly by the provider. | |
Margin Loan
| Link ML to Account | Yes |
|---|---|
| Can you link an existing margin loan to your online trading account with this provider? | |
| Integrated ML Account | Yes |
| Does the provider offer a single integrated account covering both online trading and a margin loan? | |
| Instant Settlement? | No |
| Is settlement (the process by which purchases of shares are exchanged for physical cash) instant? | |
Market Research
| Company financial report | Yes |
|---|---|
| Does the provider offer direct links to the annual, half-yearly or quarterly financial reports issued by the company? | |
| Market depth | Yes |
| Does the provider offer market depth reports, which show the number of trades - both buying & selling - for a given security. Market depth reports help you understand whether there is a liquid or readily-available market for a given security. | |
| Intraday chart | Yes |
| Does the provider offer intraday charts, which show market prices and volumes for time-frames shorter than a day, such as 1, 5, 15 and 60 minutes | |
| ASX announcement | Yes |
| Does the provider offer updates on ASX announcements made by companies? These announcements cover all price-sensitive information, including changes in major shareholdings, and are important to help you understand the full picture of a listed company. | |
3rd Part Research and Tools
| Forecast | Yes |
|---|---|
| Does the provider offer forecasts for the market or for individual stocks and securities? | |
| Daily Market Report | No |
| Does the provider offer a daily report on market performance and conditions? | |
| Broker Recommendations | No |
| Does the provider show the recommendations to buy, sell or hold made by its own brokers and averages from other brokers in the market? | |
Client services and Support
| Email support | Yes |
|---|---|
| Does the provider offer technical support via email? | |
| Call centre | Yes |
| Does the provider offer a telephone call centre for support and questions from customers? | |
| After hours call centre | No |
| Is the call centre available only during market hours, or before and after market opening hours as well? | |
| SMS Alert | No |
| Does the provider offer alerts delivered by SMS when there's major news or changes to your portfolio or individual investments? | |
| Email Alert | No |
| Does the provider offer alerts delivered by email when there's major news or changes to your portfolio or individual investments? | |