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International Broker

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For North Americans who want to buy Australian stocks, and Australians who want to buy North American stocks, it's generally been too complicated to bother. But not any more!

We've finally found a broker who allows you to trade easily in any of the main markets in the world. Now your investor horizons can spread. Hot American stocks and undervalued Australian gold stocks can be yours at last!

We recommend Kinetic Securities for buying stocks across international borders. They have a brilliant "platform", a software program that runs on your computer and allows you to observe markets and place orders. Although it doesn't cover every stock in every market, it includes all the bigger gold stocks and most of the interesting smaller and mid-size gold stocks. The platform handles currency issues easily and elegantly; it is mature and tested software that is a joy to use.

Kinetic is an up-and-coming yet established broker. We have found them friendly, helpful, and straightforward with no messing about. Their rates are very competitive. You can either use the platform exclusively once set up (cheaper), or telephone to place trades. Their online application process is almost 100% paperless (using interactive PDF's). 

Temporary problem: Kinetic advise us that due to red tape and bureaucracy in the US, they currently can only take a limited number of clients in the USA. They are working on removing those restrictions, but do not know if and when they will succeed. There are no restrictions on non-US clients. 

 

About Kinetic Securities

Kinetic Securities are a full service advisory partner. Their online trading system (platform) is known as Kinetic Global Direct. It offers a full complement of features for dynamic trading of all financial instruments, such as fully paid shares, commodities, futures, and foreign exchange. Kinetic Global Direct has customisable trading modules and up-to-the-minute securities information to help you trade more effectively and make better trading decisions. It includes advanced analytical and charting modules, live streaming news, customisable workspace, live technical support, and much more.

For North American clients, Kinetic Global Direct will open a gateway to trading not only Australian fully paid shares, but fully paid shares from almost any index worldwide.

 

Stock Ownership

If you trade by phone with Kinetic then any Australian stock you buy is held in the Australian CHESS system, which is a secure, modern, electronic system that tracks all company shares at all times (and prevents problems like failure-to-deliver, as on the North American exchanges). The stock is in your name; you are the direct owner.

If you trade using the platform then Saxo Bank (a Danish investment bank) own the stock on a nominee basis. In the event that Saxo went under the stock is guaranteed by the Danish Government. In the event that Kinetic go under stocks are held on Saxo's nominee register. The nominee structure allows you the flexibility to be able to trade a diverse range of markets on the one platform and through one broker, and keeps wholesale transaction costs down (due to lack of physical stock certificate and settlement processes etc). You do not receive a contract note of purchase or sale, but you do receive daily reporting on their positions and a complete record of trades. You are the beneficial owner of the stock, so all dividends are automatically deposited into your Kinetic Global Direct account. All relevant corporate paperwork is sent to Kinetic and auto forwarded directly to you.

Kinetic does not lend stock: they are not a Prime Broker and as such do not participate in such risky activities as stock lending or cash lending. They are heavily regulated by ASIC (like all financial institutions in Australia), and are "ultra mindful of the security of our clients funds and holdings".