Best Platform for ASX

[Traderwannabe]

Im currently trading small parcels of ASX shares through ASB Securities and Im paying $30 a trade which seems high for the parcel sizes Im trading. I tried to set up a Nabtrade account but because Im a NZ resident I was not able to do so. What are other NZ traders paying to trade ASX shares?

[Elles]

ANZ charge AUS$ 29, so similar to ASB.

The NZ ANZ securities site, that is. Provided you have the money in your multi-currency account already.

[JBmurc]

ANZ share investing (use to be ETRADE) In AUD first trade of month $19 upto 5k .....see below

up to $5,000 $5,001 - $10,000 $10,001 - $28,000 over $28,000

1st $19.95 $24.95 $29.95 0.11% of the trade value

2nd & subsequent Greater of $19.95 or 0.11% of the trade value


so on your 2nd+ trade of the month say you buy 20k AUD worth of shares your looking at $22 (dirt cheap IMHO)

[Elles]

Interesting JB. Is there any connection with the ANZ securities site or completely separate?

[JBmurc]

Interesting JB. Is there any connection with the ANZ securities site or completely separate?

https://shareinvesting.anz.com/home.aspx

[Baa_Baa]

http://www.optionsxpress.com/why_ox/index.aspx Worth a look, I used them for options trading on US market, very sophisticated trading platform and reasonable prices.

[Traderwannabe]

Thank you very much for sharing that information.