Trustees are free to use any bank or broker of their choice when opening bank and share trading accounts. Always remember to have the account name in the name of the SMSF.
Macquarie Online Trading accounts have been replaced by Bell Direct and are now accessible exclusively via the Bell Direct desktop platform. They are no longer available through Macquarie Online or the Mobile Banking App.
Using the Macquarie Cash Management Account and the linked broker account may be a good option, as this is tailor-made for SMSFs (the choice is yours). You can now link your Macquarie Cash Management Account (CMA) with Bell Direct. This is an online trading platform to buy and sell Australian shares.
Bell Direct allows your Fund to trade Australian equities and ETFs from your computer, mobile or tablet. When you trade, the Online Trading is linked to your Fund’s Macquarie CMA. The brokerage fees are charged at the greater of $19.95 or 0.12% of the trade value. Trustees who prefer to speak to a broker can do so, but there is an extra fee involved.
Benefits of Online Trading:
- Competitive fee
- Account can be viewed by us
- Account can be downloaded to BGL
- Mobile trading platform
For more guidance on shares and related investments using your SMSF, see our share investment page.
