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29 Jan 2013 (AFR) – Online broker flags rising fees

(29 Jan 2013, AFR, p15, John Kehoe)

‘Online stockbroker Bell Direct will increase brokerage fees for some traders to recoup higher regulatory costs in an early sign the price war across the industry may be easing.’

‘The online broker, which is 49 per cent owned by listed full-service stockbroking and financial advisory firm Bell Financial Group, will charge $25 for trades valued $10,000-$25,000 from February 4, up from $15. Brokerage fees for trades below $10,000 will remain at $15, the same price charged when Bell Direct entered the online broking space five years ago, an email distributed to clients says.’

Read more at AFR.com (might need AFR login access – try registering for free at afr.com/summer)

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