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Trying to Minimise Your Risk in the Market?

You Really Need to Talk to Us About Order Placement


Pro Trader Securities offers a specialist general advisory service designed with the technical trader in mind. We provide conditional orders to promote good risk management for traders. Our excellent service is a very reasonably priced option between the cheaper online discount brokers and the full-service brokers. Indeed, if you compare service with service we will probably be cheaper than the online brokers!

As an example of the flexibility that a Pro Trader Securities trading account can give, let's say you wish to purchase 1000 BHP shares, this is the type of order you could place:

  • Buy 1000 BHP at $40.00 limit $40.25 - you are specifying the highest price you are prepared to pay

  • When purchased place a stop loss for 1000 BHP at $38.80 - you are limiting your losses with a stop loss order

  • When purchased place a sell order for 1000 BHP at $42.50 - you are taking profits

  • One sell order cancels the other (OCO)

So, you may specify the highest price you are willing to purchase at AND at the same time place a stop loss order to protect any adverse price move once your order is filled AND place a forward sell order to close out your position when the price hits a profit target. Our system allows you to have multiple sell orders on the same position simultaneously, one on the profit side and another limiting losses - a real smart way to trade.

All of these conditional and contingent orders may be placed at no extra cost and you have the flexibility to place your orders by phone, email or our online order system. You may modify your stops at any time for no extra cost, plus your orders will be processed by an experienced dealer/adviser not just a computer system.

When you compare our service with other providers you will soon realise what excellent value it is!

 

 
E Trade Australia   Commsec   Pro Trader Securities   
Online Phone Email Online Phone Email Online Phone Email
Limit Order below $10,000 $32.95 $69.95 NO $19.95 $54.60 NO $60.50 $60.50 $60.50
Extra Fees for services additional to the basic order fee    
Conditional Order $7.95 $7.95 NO $9.95 $9.95 NO FREE FREE FREE
Trailing Stop $19.95 $19.95 NO $9.95 $9.95 NO FREE FREE FREE
Straddle Order $19.95 $19.95 NO $14.95 $14.95 NO FREE FREE FREE
Advice NONE NONE NONE NONE NONE NONE FREE FREE FREE
Trading Platform Fees Up to $79.90 per month Up to $81.95 per month NONE

*Table constructed from website information gathered on 1st April 2008

For the novice investor, access to FREE general financial advice and stoploss orders is invaluable, helping to make your first steps in the market as safe as possible.

 

   
Step 1 Get Some Advice
Pro Trader Securities compiles a list of recommended stocks, with suggested entry prices, stop loss levels, and where appropriate, profit targets. Stop loss levels on open positions are reviewed daily and adjusted to minimise risk and maximise profits
   
Step 2 Place Your Order
You may place your order by phone, email or our online order form. More Info...
Transaction Costs - from $60.50 ( including GST) per trade up to $10,000 and 0.75% (+GST) over $10,000. More Pricing Info...
 
Order Placement - Our trading desks are manned every day from one hour prior to opening until the close of trading for telephone orders.

 Free Call 1800 123 015

 

Orders can be sent by email at any time to: broking@protrader.com.au or via our online broking order system

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Pricing Information

Transactions under $10,000 from $60.50 inc GST
Transactions Over $10,000 0.75%


Pro Trader Securities Financial Services Guide


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Step 3 Set a Stop Loss
We also recommend you set a stop loss when you place an order. Your adviser will sell your stock once the price has reached your stop loss price level. We believe stop losses are an essential part of managing risk in the market - why? Because we use them ourselves! Stop loss orders will be accepted on a 'non-held' basis.

 

 Stop Loss Definition and FAQs

Stop Loss Definition

A stop loss order is an instruction requesting your stock is to be sold 'At Market' once prices have traded at your stop loss price level. You have purchased a parcel of shares at $1.50. At the time of buying this stock you decide to preserve your capital and wish to sell if prices trade at or below $1.34. Some time later the market edges down and a trade takes place at $1.34. Immediately we will place the order to sell your stock 'At Market'. This sale may be transacted as $1.34 if there are sufficient buyers at the time, however it is more likely to be done at a lower price.

Do I have to place my stop loss each day?

No you can place a GTC ('Good Till Cancelled') stop loss.

How do I instigate  a 'trailing stop' loss?

You need to phone, email or use the online system to modify the order each time you wish to raise your stop.

Is there any cost changing an orders?

No.

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Step 4 Adjust Your Stop Loss or Profit Level
You can modify your order for free anytime. All you have to do at this stage is raise your stop loss price or profit target price. If things don't go as planned and the price makes an adverse move, you have protected your capital.
   

Phone 1800 123 015 for More Information or to arrange a FREE Consultation with a Pro Trader Securities Adviser

Pro Trader Securities Pty Ltd AFSL Number 293645 ABN 23 112 088 089

Disclaimer| Privacy Policy | Licence | Contact Us |
Any financial product information contained in this website is general information only and has been prepared without considering your objectives, financial situation or needs
Before making any investment decision you need to consider whether the advice is appropriate for you.

All financial advice to Pro Trader members is provided by Pro Trader Securities Pty Ltd AFSL No 293645 ABN 23 112 088 089

Copyright Pro Trader Pty Ltd 2008
ABN 30 086 051 881