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  1. #1
    Member
    Join Date
    Aug 2009
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    378

    Default Fixed interest broking NZDX

    I am with ASB securities and it says 0.7% on their website (phone orders only - no internet orders)

    Direct Broking says 0.5% +trade fee (phone or internet) 0.3% for over 50k

    I know Aegis wrap clients get fees as low as 0.3%

    What are you paying? have you been able to negotiate with ASB/Direct for lower rates?

    Parcel size is going to be 50k only so I don't qualify for 0.3%.

  2. #2
    Member
    Join Date
    Aug 2010
    Posts
    263

    Default

    Quote Originally Posted by modandm View Post
    I am with ASB securities and it says 0.7% on their website (phone orders only - no internet orders)

    Direct Broking says 0.5% +trade fee (phone or internet) 0.3% for over 50k

    I know Aegis wrap clients get fees as low as 0.3%

    What are you paying? have you been able to negotiate with ASB/Direct for lower rates?

    Parcel size is going to be 50k only so I don't qualify for 0.3%.
    If I were in broking service I would allow people to trade 50 times a year for a fixed fee of $1000. Business owners in broking service need to be more innovative

  3. #3
    Member
    Join Date
    May 2003
    Location
    Wellington, , New Zealand.
    Posts
    128

    Default

    I pay .5% private and .375% for a charity
    Success is the ability to go from one failure to another with no loss of enthusiasm

  4. #4
    Senior Member
    Join Date
    Jul 2006
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    I get .5% from ASB.
    ----
    Never try to teach a pig to sing. It wastes your time and annoys the pig.
    ----

  5. #5
    Member
    Join Date
    Aug 2009
    Posts
    378

    Default

    Quote Originally Posted by Stranger_Danger View Post
    I get .5% from ASB.
    how? Do you trade over 50k parcels? Did you request that rate or did they just give it to you? Is the account a direct personal name account?

    Cheers

  6. #6
    Member
    Join Date
    Jan 2005
    Location
    Fourteenth Street.
    Posts
    357

    Default

    Quote Originally Posted by modandm View Post
    how? Do you trade over 50k parcels? Did you request that rate or did they just give it to you? Is the account a direct personal name account?

    Cheers
    I was getting 0.5% on everything from $10,000 up (face value) from Direct Broking in the past - a personal account, just rang and placed the orders.

    Haven't done much fixed interest business since 2009 though, so possibly I'm out of date.

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