View Full Version : Best Discount Broker
24-10-2005, 02:20 PM
Who is the best discount broker ?
Good question, I 'll be interested in answer. Have looked at their websites and am impressed with direct.
27-10-2005, 06:13 PM
I'm quite happy with ASB. If your trades are over $30K then just split up the trades into smaller trades below $30K threshold. It's only a small inconvenience.
At $24.95 (brokerage) + $4.50 (trade fee) per trade up to $30K, that's quite reasonable.
I am with Direct but have also thought of joining ASB-what is the problem with over $30k trades?
up to 30k its a flat fee
after that you pay a percentage in addition-i think its 0.1
Therefore less brokerage if you trade in parcels under 30k
Moved to asb after the access debacle
Trading is very efficient and i like the security of a bank plus able to instantly transfer funds on line between various asb bank accounts and the trading account
KJ why are u thinking of changing to ASB.
Any problems with Direct?
Tim-no problem with Direct but I bank with ASB so like the idea of being able to transfer funds on-line between various accounts.
Do all discount brokers have "stop loss" facility?
31-10-2005, 09:05 AM
KJ: Certainly NBNZ does, ASB does and I would assume Direct does as well
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