ASB Trading System

[Aaron]

What a day to not be able to get into the ASB Securities website. It would have been terrible if I wanted to panic sell. A call to ASB Securities and they tell me they will call IT about it.

I thought maybe a few extra nervous investors may have crashed the system. Has anyone else had trouble logging on or know why we can't log onto ASB Securities website.

I would hate to be a trader and have it crash in a crash.

[kiwitrev]

Trading system unavailable-rest of ASB system working****.

[Jonboyz]

ASB brokerage fees changed today:

New Zealand trades (excluding fixed interest trades)	$15 (up to and including NZ$1,000)
	$30 (over NZ$1,000 and up to and including NZ$10,000)
	0.30% (over NZ$10,000)
Australian trades	0.30% minimum AU$30 per trade

[pedro.nz]

Hardly encouraging is it - how many trades do they get in a day that are under NZ$1000 I wonder and why no reduction on AX trades !!!!

[peat]

why no reduction on AX trades !!!!

because the Australian wont cut their minimum take.

[justakiwi]

Hardly encouraging is it - how many trades do they get in a day that are under NZ$1000 I wonder and why no reduction on AX trades !!!!

You might be surprised. Some of us are beginners with limited capital to invest so we may very well spend up to $1000 in a trade. Just saying.

[pedro.nz]

Fair enough justakiwi - anything that helps is always good...

[oldtech]

Agree with justakiwi. Although I try not to do too many low value trades, if I am looking to top up on a lower priced share this might swing the calculations in favour.

I usually calculate what the brokerage will work out per share, and then decide whether it is worth it. At $15 brokerage, buying (for example) 1060 OCA at $0.94 would work out to an extra 1.4 cents per share instead of nearly 3 cents if the brokerage was $30.

[Joshuatree]

Anyone else can't log into today?.happens far to often imo. GRRRR. Will have to look at other options again. If i have say 20 trading stocks is it easy to transfer them to another online broker?

[see weed]

Anyone else can't log into today?.happens far to often imo. GRRRR. Will have to look at other options again. If i have say 20 trading stocks is it easy to transfer them to another online broker?

Have talked to ASB and will be up and running soon. You can phone them and they will put the order in for you. 0800272732 or premium brokerage 0800272872. No problem.