Cheaper brokerage for small investments
complete
Pearler Community
"Potentially even cheaper brokerage if feasible."
"The ability to invest in smaller regular periods using auto invest but at at an ultra low cost % trading fee (0.05%) all the way down to smaller trade/investment amounts. E.g $500. Once you have some more scale - could this be achieved by pooling trades from multiple users at least for a small number of ETFs? E.g VAS, VGS, A200."
"The lower the barrier to entry commission-wise and minimum investment amount-wise, the more I lean towards that platform. Right now, even though Opentrader is not offering automatic investing, the $5/trade for up to $2,500 really made me think hard, because I can invest twice as frequent with Opentrader and have more time in the market to maximise the chance of quicker compounding."
Hayden Smith
complete
Hi everyone, whilst we will always continue to reduce our brokerage as much as reasonably possible for our business, I am marking this as complete due to us dropping prices from $9.50 down to $6.50 (or $5.50 if prepaid)
Hayden Smith
I can confirm we'll be moving on this and making an announcement before Monday
Maria Kapetaneli
deleted
Hayden Smith
in progress
Ruben Phillips
Hayden Smith: Great to see it progress. Looking forward to the details. Thanks for the update
Hayden Smith
We're currently working hard on this - will hopefully have updates soon!
Y
Y
Hayden Smith: Hi Hayden, any updates on this? This is really the only reason preventing me from switching to Pearler from Stake ($3 flat fee for investing in ASX)
Hayden Smith
Y: Hoping to provide updates before Christmas
Y
Y
Hayden Smith: Thanks Hayden! Really looking forward to this!
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Mark
Hayden Smith: looking forward to the announcement. Will it happen before Christmas or has it been pushed back?
Hayden Smith
Mark: Still trying to figure that out - though we'll be doing an announcement before end of year to those who expressed interest
Hayden Smith
Mark: Still trying to figure that out - though we'll be doing an announcement before end of year to those who expressed interest
Deepak
Hayden Smith: any updates on this please?
Hayden Smith
Deepak: Hoping to get an email update out about this later this week
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Aaron
Y: +1 this...
Renaissance Souls
Hayden Smith: I am also interested in updates on this when they are anounced please.
Praveen Somasundaram
Hayden Smith: Same here. Would love to get any update on this.
Hayden Smith
Praveen Somasundaram: We've sent out an email today with a bit of an update!
Praveen Somasundaram
Hayden Smith: Thanks a lot. I haven't received any email. I just created an account with Pearler yesterday and still waiting for HIN. Probably that's why I haven't received. Can you/team send me the update
Hayden Smith
Praveen Somasundaram: Yep
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Deeksha Nathani
Hayden Smith: Hi Hayden, I’ve just joined Pearler on 21/01/2022 and would love to know what you’ve planned for reducing fees for auto invest. If you could please email me the update as well, that would be amazing. Thanks!
Sarah Krome
Hayden Smith: hi, I’ve just joined too. Could you please email me the update in regards to this. Thanks
Hayden Smith
planned
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Matt
Defs important given the increasing competition for online brokers. Stake is launching soon and somehow managing to provide $3 brokerage with CHESS. It would be great to see pearler offer lower brokerage for small trades e.g., sub $5000, to enable more frequent investing.
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Tres West
I was thinking the same thing re OpenTrader. I'm also thinking of trading less often but with larger sums to reduce the fees however that is not the best solution for Pearler or myself.