Bell Direct Australia – Honest Bell Direct Review 2020

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Contents

Bell Direct Australia

The Australian-based company can give locals access to both native and global markets.

The company boasts impressive benefits and many accolades. Is the hype really all that? Read this review to find out.

What Is Bell Direct Australia

Bell Direct is the trading arm of the Bell Financial Group. Other companies in the group include Bell Potter Securities and Bell Potter Capital. The broker was founded in 2006 by Arnie Selvarajah, who now acts as CEO.

The broker offers financial products for margin lending as well as cash management. The company prides itself in offering “integrated and competitive account management” services. Bell Direct services are complemented by financial research conducted by Bell Potter, the capital arm of the company.

Bell Direct is licensed in Australia and is regulated by the ASIC. The license number of the company is AFSL 314341. The company is a trading participant of ASX Limited Group and Chi-X under this license. Bell Direct cannot provide customers with investment advice. ASIC warns clients to consider “own financial situation” before trading on platforms like Bell Direct.

Financial Instruments on Offer

You can trade any of the following financial instruments with a Bell Direct account:

  • Any equity or security listed under ASX
  • Interest rate securities
  • Stock options
  • ETFs
  • Managed Funds
  • Warrants
  • Exchange Traded Bond units (XTBs)
  • IPOs

In addition, customers can create a margin lending account. The broker offers a personal trading fund management option via a tool called mFund. Bell Direct offers a 1-second placement guarantee for all ASX securities.

Trading Options and Fees

Clients have multiple trading options with a Bell Direct account. For example, Aussies with SMSF plans can invest with Bell Direct using these plans. The broker offers separate services for including margin trades in SMSF plans.

Customers can conduct ETO trades too. The company facilitates both online and over-the-phone trading. Their platform accompanies a mobile app for trading on the go.

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Bell Direct fees are highly competitive and are much more reasonable compared to similar services. Their commission fee is just $15 for trades up to $10,000. For $25,000 trades, the commission fee is $25. There are frequent trader discounts on offer. If you place at least 10 trades per month, the commission is only $13. If you place more than 30 trades per month, the commission is just $10.

Bell Direct may charge commission fees as a percentage as well. If the number of trades exceeds 10 in a month, the commission may be the flat amount described above or 0.08%. The company charges whatever is higher. A good alternative to Bell Direct is Admiral Markets.

There are separate charges for ETO and mFund trading. The commission starts at $30 for both. The commission fees vary between online and phone trading types. Commissions for online trades are cheaper. But you may be charged as much as $60 for certain types of phone trading.

Overall, the company is highly transparent regarding fees and charges. You can check out a table of commissions online. Bell Direct fully discloses all charges in detail.

User-Friendly Features

Clients who open accounts on Bell Direct Australia, can benefit from the following:

  • Financial research—Clients get access to broker research conducted by the Bell Financial Group. These include detailed market reports, financial indicators, and key measures from Morningstar. Clients can get recommendations from 20 professional brokers. Reports also include business news and announcements from ASX.
  • Trading ideas—These are suggested from Bell Direct for either bullish or bearish trading. The information is based on Recognia chart patterns. You could get six per day directly in your inbox. Alerts are mailed at a time most convenient for clients, such as in the mornings.
  • Tax reporting—The annual financial report from Bell Direct includes all the information you need for filing taxes. The year-end report will include details like holding valuations, sample reports, and account summaries for dividends and cash.
  • Mobile apps—Use the corresponding mobile apps to trade en route. The mobile app includes tools to track your investment portfolio and to for getting stock quotes.
  • Trade charting—The latest feature from Bell Direct is an HTML5 charting tool. This interactive program allows clients to chart data for better understanding of finances.

Customer Service

Bell Direct gets rave reviews for its customer service. Unlike most companies, Bell Direct isn’t reliant just on live chat. Clients get an array of options to seek support, including email, live chat, online message, phone, fax, and snail mail.

Response time is reasonable and quite fast. Expect a response within one or two business days, depending on the mode of communication you choose. The quickest way to get help is via online chat. The company uses an actual customer representative instead of a bot for online conversations. As a result, the quality of support is very high.

Bell Direct Australia – The Downsides

Previous customers have complained about certain account-related technical issues using the service. Minor things could cause problems for clients. For example, if you need to change your address, there’s a formal, paper-based process that can take some time. It can’t be done quickly online or over the phone.

The trading platform is not as smooth as what some other brokers offer. Trades may take up to 3 days to settle. The Bell Direct platform is suitable for basic trading. But it may feel clunky and slow if you are a high rolling trader.

Unfortunately, Bell Direct doesn’t offer cryptocurrency trading options. Bitcoins and similar digital currencies are not part of Bell Direct’s financial instruments for profiting from price movement.

Conclusion

Bell Direct offers a number of useful features for new investors. The company offers sophisticated trading tools that are not usually offered by competitors. Bell Direct is transparent about commissions and is licensed in Australia. These are the main strong points.

The company has some weaknesses as well. However, overall, Bell Direct stands out as a marginal trading broker for casual and professional investors. The prices are highly reasonable compared to those of close competitors. Users can benefit from reporting tools as well. Therefore, you should definitely give Bell Direct Australia a try.

Bell Direct Review 2020

Bell Direct Guide

Bell Direct are an online broker founded in 1983 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and trading.

Bell Direct are a global broker and have a head office in New Zealand .

Bell Direct have a listed stock symbol. This means that Bell Direct have publically listed and you can officially buy shares in Bell Direct on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Bell Direct we break down the pros and cons. What Bell Direct are able to offer, what countries Bell Direct are available in. Who Bell Direct are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Bell Direct

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Bell Direct

With this review we hope to help you see if Bell Direct is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Bell Direct that will help you get off to a good start in the world of online trading.

Bell Direct Review Table of Contents

Bell Direct what you should know

Bell Direct offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, .

With Bell Direct you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Bell Direct platform.

Bell Direct are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Bell Direct safe?

When choosing a broker like Bell Direct the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1983, and in operation for 37 years Bell Direct have a head office in New Zealand .

Bell Direct is regulated. This means Bell Direct are supervised by and is checked for conduct by the Financial Markets Authority (FMA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Bell Direct, this will be honored. If Bell Direct violate any regulatory rules their regulated status could be stripped.

Any payments funded to Bell Direct accounts by traders are held in a segregated bank account.

For added security Bell Direct use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Bell Direct. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker belldirect eToro XTB IC Markets
Year Established 1983 2006 2002 2007
Head Office New Zealand Cyprus, UK Poland Australia
Regulation Financial Markets Authority (FMA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No Yes No
Learn More Visit Bell Direct Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

Bell Direct Pros and Cons

What we like about Bell Direct

  • Used by over 10,000 traders
  • Established in 1983
  • Regulated by Financial Markets Authority (FMA)
  • Min. deposit from $100

What we don’t like about Bell Direct

  • Doesn’t allow scalping (See alternatives)
  • Not FCA Regulated (See alternatives)

Bell Direct Financial Regulation and Supervision in more detail

We have checked and Bell Direct is regulated and supervised by reputable organisations. You are able to check every Bell Direct supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Bell Direct. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Bell Direct traders and provide a safe trading environment.

  • Financial Markets Authority (FMA)

Bell Direct is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Bell Direct you should be sure they’re legitimate online agent.

Bell Direct General Fees

  • Bell Direct withdrawal fees varies on payment method
  • Bell Direct does charge inactivity fees
  • Bell Direct does charge deposit fees
Broker belldirect eToro XTB IC Markets
Min Deposit 100 200 0 200
Withdrawl Fees varies Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No Varies
CFD Commission Fees No Yes Yes

Bell Direct Commissions

  • Bell Direct does charge commission on CFD instruments.

What can you trade with Bell Direct?

You can trade a wide variety of instruments with Bell Direct over 50 instruments infact.

If you are looking at trading currency pairs Bell Direct offer over currency pairs.

Compare Bell Direct with eToro and XTB below.

Broker belldirect eToro XTB IC Markets
Instruments Available 50 100 1,500 232
Platforms Android,WEB,Desktop,iPhone,Mac Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit Bell Direct Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Bell Direct Visit eToro Visit XTB Visit IC Markets
Commodities Offered 0 0 21 19
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit Bell Direct Visit eToro Visit XTB Visit IC Markets
Stocks Offered 957 1696 100
UK Shares No Yes Yes No
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on Bell Direct web platforms and other applications

Bell Direct offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

An Bell Direct IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Bell Direct also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

Bell Direct Trading benefits :

  • Low min deposit

Bell Direct Trading Accounts Offered :

  • Mini account
  • Islamic account

Can I try Bell Direct before I buy?

Bell Direct offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Bell Direct withdrawl and funding methods.

Bell Direct offer the below funding payment methods. learn more about Bell Direct

Broker belldirect eToro XTB IC Markets
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes
Neteller No Yes Yes Yes

How can I start trading with Bell Direct?

When opening a trading account with Bell Direct, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Bell Direct trading platforms here.

Performing trades with Bell Direct

Bell Direct allow you to execute a minimum of trade of $ 15 . This may vary depending on the account you open. Bell Direct allow you to execute a maxium trade of varies.

As a market maker, Bell Direct may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

Bell Direct Leverage and Bell Direct CFDs Explained

let’s take a look at some of the basics of using Bell Direct leverage.

Bell Direct offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Bell Direct leverage magnifies both profits and losses when trading.

Let’s say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Bell Direct trading platform.

let’s say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It’s grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Bell Direct leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Bell Direct CFDs are typically used for short to medium term trades. For example Bell Direct intraday trading.

Education resources at Bell Direct

To trade effectively with Bell Direct, it’s important to get a have a good understanding of the Bell Direct trading tools and the markets.

Bell Direct offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Bell Direct.

Take time to look around the Bell Direct platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you.

Customer Support at Bell Direct

Bell Direct support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Bell Direct have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Bell Direct less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Bell Direct

Bell Direct does not offer LiveChat Support.

Email Support at Bell Direct

We sent several emails to Bell Direct and answer times overall were excellent. The fastest response from Bell Direct was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Bell Direct, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Bell Direct.

Phone Support at Bell Direct

We called Bell Direct and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Bell Direct phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Bell Direct team by calling in varying languages. Bell Direct made an effort to make sure our queries were answered.

Overall the phone support from Bell Direct was okay.

See how Bell Direct Support Compares Against Other Brokers

Broker belldirect eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit Bell Direct Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

What you will need to open an account with Bell Direct

As Bell Direct is regulated by Financial Markets Authority (FMA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Bell Direct’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Bell Direct you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.belldirect.com.au on 12th August 2020.

Is Bell Direct A Good Broker?

We spent over 3 months examining Bell Direct in depth. Although we found some very useful aspects of the Bell Direct platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Bell Direct broker.

  • Bell Direct have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, .
  • Bell Direct has a history of over 37 years.
  • Bell Direct has a reasonable sized customer support of at least 10.
  • Bell Direct are regulated by Financial Markets Authority (FMA). This means Bell Direct fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Bell Direct have regulation from a Tier 1 reputable country.
  • Bell Direct has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Bell Direct have an international presence in multiple countries. This includes local Bell Direct seminars and training.
  • Bell Direct are able to hire people from various locations in the world who can better communicate in your local language.

Bell Direct Risk Disclaimer

Your capital is at risk

Bell Direct not quite right?

Check out these Bell Direct Alternatives

We have spent years researching the best alternatives to Bell Direct. Click the links below to learn more.

If you feel some of the above Bell Direct are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Bell Direct alternatives below.

If you would like to see how Bell Direct stands up against other brokers you can read some of our Bell Direct comparisons below. We compare side by side some of our top rated Bell Direct versus comparisons. Read some indepth Bell Direct VS pages below.

BELL DIRECT Frequently Asked Questions

Can I try Bell Direct before I buy?

Bell Direct do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Bell Direct accept?

Bell Direct offer the following funding payment methods accept Credit cards, among other payment methods.
Learn more here

Is Bell Direct safe?

Bell Direct are considered safe as they are regulated by and checked for conduct by the Financial Markets Authority (FMA). Any payments funded to Bell Direct accounts by traders are held in a segregated bank account. For added security Bell Direct use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Bell Direct trading good?

Bell Direct is considered good and reputable to trade with. Bell DirectBell Direct is used by over Bell Direct active traders. Bell Direct offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and trading. Minimum deposit with Bell Direct is mindeposit.

Is Bell Direct trading Legit?

Bell Direct was founded in New Zealand in 1983. Bell Direct has been facilitating trade on the financial markets for over 37 years. Bell Direct offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and trading. All funds deposited to Bell Direct are held in segregated tier 1 bank accounts for security. Bell Direct is regulated by Financial Markets Authority (FMA) so can be considered legit.

Is Bell Direct a good broker?

Bell Direct is overseen by the top tier financial regulators Financial Markets Authority (FMA) so can be considered a good broker.Bell Direct allows Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and trading.

Is Bell Direct trustworthy broker?

Bell Direct can be considered trustworthy. All money funded to Bell Direct is placed into a segregated tier 1 bank account. this means your money in not held by Bell Direct directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Bell Direct is regulated by Financial Markets Authority (FMA).

What is the minimum deposit for Bell Direct?

The minimum deposit to trade with Bell Direct is 100.

How long do Bell Direct withdrawals take?

Withdrawing money from Bell Direct processing time varies but averages 2-5 days.

Is Bell Direct regulated?

Bell Direct is regulated by Financial Markets Authority (FMA).

Is Bell Direct a market maker?

Bell Direct is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Bell Direct?

When opening a trading account with Bell Direct, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Bell Direct trading platforms here.

Is my money safe with Bell Direct?

Bell Direct is regulated by Financial Markets Authority (FMA). One of the most important criteria for traders when choosing a broker like Bell Direct is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Bell Direct, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Bell Direct a con?

Bell Direct is regulated and well established having been in business for over 37 years. Bell Direct is definitely not a con.

Can you make money with Bell Direct?

Although traders have had great success with Bell Direct. Trading on the financial markets with Bell Direct is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Bell Direct have fees?

Bell Direct withdrawal fees varies on payment method. Bell Direct does charge inactivity fees. Bell Direct does charge deposit fees.

When was Bell Direct founded?

Bell Direct was founded in 1983.

How many people use Bell Direct?

Bell Direct is used by over 10000 registered traders.

What is Bell Direct Headquarters country?

Bell Direct has its head quarters office in New Zealand .

Does Bell Direct offer negative balance protection?

Bell Direct does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Bell Direct offer guaranteed stop loss?

Bell Direct does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Bell Direct allow scalping?

Bell Direct does not offer scalping.

Does Bell Direct allow hedging?

Bell Direct does not offer hedging.

Does Bell Direct offer CFD trading?

Bell Direct offers CFD trading.

Does Bell Direct offer STP?

Bell Direct does not offer STP trading.

How many people use Bell Direct?

Bell Direct is used by over 10000 traders.

Is Bell Direct an ECN broker?

Bell Direct does not offer ECN trading.

Does Bell Direct offer a demo account?

Bell Direct does not offer demo account.

Does Bell Direct offer an Islamic account?

Bell Direct offers a Islamic accounts.

What are the funding methods for Bell Direct?

Bell Direct accept the following funding methods : Credit cards,

Bell Direct review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Bell Direct brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

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COPYRIGHT © 2020. ALL RIGHTS RESERVED. Compare Brokers

Please note that Comparebrokers.co may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site.

RISK WARNING: Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument.

Bell Direct

See the Best Online Forex / Share Trading Services in 2020 as rated by Australians on ProductReview.com.au.

Mark D. South-Eastern Region, NSW

4 weeks for an approved margin loan to go live.

Applied for Margin Loan beginning of March- approved. Now the beginning of April and the loan still has not been processed. Nor can they offer me advice on when that might be. Managers won’t speak with clients.

Similar opinion? Write a review on ProductReview.com.au!

Roz_and_Chris Sydney, NSW

PIN management and help desk do not understand how PIN works

When buying or selling you are required to enter a PIN. Good idea for extra security.

I am upgrading to a password manager, 1Password, and it relies on copying data from 1Password, and pasting into the appropriate section on the website. Copying and pasting User Names, Password, serial numbers, PINs etc are a routine protocol in todays computing.

I requested a PIN reset from Bell Direct, and the new PIN arrived by email. Copying and pasting the new PIN did not work, so again requested a second new PIN. Same thing – copying and pasting, but the new PIN did not work.

Pleasant Help desk chap was helpless with my problem.

Brain wave – typed the 4 digit PIN and it worked.
. Read more

I spoke to the supervisor, who tried to explain it was my fault that copy and paste did not work. I refused to accept that blame shifting. I suggested that in future the email notification of the new PIN include the words “please type in the 4 digits of the PIN”, and that Help Desk staff be trained to make this suggestion. If Bell Direct management get back to me, and implement these suggestions, then will edit this to 5 stars. Otherwise very happy with Bell Direct, and have it integrated with Stock Doctor, and delighted with that combination.

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The reviewer stated that an incentive was offered for this review

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KAREN SYDNEY

  • 13 reviews
  • 23 likes

very happy with bell

I have transferred all my other holding into bell direct & their customer service has been brilliant. I dealt with their online help, which was so good. not a robot that tries to 2nd guess you like a lot of firms these days. Cannot fault them. my account set up took 1 days – too easy

Similar opinion? Write a review on ProductReview.com.au!

Find out how Bell Direct compares to other Online Forex / Share Trading Services

Know better, choose better.

Tamar Melbourne

Funds Transfer Out Issues

I wanted to try Belldirect as an alternative to Commsec as the fees are lower. I recently did a funds transfer out but it’s been more than 3 business days and funds are not reflected in my bank. I also find money transfers in taking atleast 2-3 days as well. Not happy with such delays. Wondering if anyone else has issues in withdrawing their money out of the Bell direct cash account?

Edit: after a couple days & going back and forth with customer support, this issue is now resolved. It should not have happened in the first place

Similar opinion? Write a review on ProductReview.com.au!

matt.snowsurf

  • 2 reviews
  • 5 likes

Could improve a lot

I’ve been using BD for a long time now but can’t understand why some of their processes still are yet to be improved. Change of address requires a form to be completed and filled out and can’t be done over the phone which is frustrating. Another issue is that If i’m locked out of my account I have to ring up and reset (the same with my trading pin). This has cost me on a few occasions and I think they really just need an auto-reset feature.

The platform itself is outdated and the mobile version is really poor in comparison to other provider. Read more

s. Fees & Fee structures have not changed since I became a member which is a shame as I feel like they could do better on price. It’s not all bad with BD as I find my trades are executed well and I generally find that there are no issues with getting filled at the price I want. I must add that I’ve had stop my losses hit (to the tick) only to then have the price head in the complete opposite direction. The coincidence of this happening more then a few times is enough to make me believe that certain institutions have visibility of Stop losses. Overall I will continue to use but don’t think I’ll remain once I find a better provider.

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Madharry City

  • 6 reviews
  • 3 likes

Poor Customer service

Bell staff really need more training. poor communication and lack of understanding of how their system works with the Sharemarket.

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Jeffrey

Poor log in steps

Constantly difficult to log in givers errors then accepts login with no different inputs no access to us markets very weak second rate operator

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Stormy

Easy platform

Not sure why others gripe. I trade on 4 platforms and Bell Direct is fastest and simple. Have been using Bell for over 12 years and never had a problem. It takes 3 days for most trades to settle, but my other 3 platforms are the same. Macquuarie have recently changed to the Bell platform, thankfully. They mucked around with 3 convoluted uselless sites changing from 1 to the other and making trading near impossible. Finally decided to go with a platform that has a good track record. Go Bell Direct for basic trading.

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Other Online Forex / Share Trading Services
KOSEC Kodari Securities
Bell Direct SMSF Service
Netwealth
Lincoln Stock Doctor

Ms Wallstreet

I closed my Bell Direct Account today.

I have had enough for the following reasons: poor understanding of English which translates into customer not being heard (understood) correctly; very limited platform; unable to trade on foreign exchanges; money transferred to my BD account took 2-3 days before reflected in my trading account; overall user unfriendly (I’ve had to open a new tab in order to locate a contact number for them); very slow in navigating between pages, subjects or topics; when inside the trade platform, there is no indication of a cost basis next to the number of sh. Read more

ares held (thus requiring flipping back to portfolio page – which, due to the overall slowness – interferes with a desired trade price); general timing out; again, general slowness on their end. It gave me great pleasure to tell them today that I have begun the process to close out my account and will be going elsewhere (which I am excited about). The firm I am transferring to is quite international, providing platforms designed for “day” trading and other sophisticated product. Additionally, BD’s research is pathetic, outdated, and is not user-friendly – just typical analyst jargon. In essence, BD is a joke. Should have done this along time ago! Happy trading!

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