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Thanks thebdogg for the calculations above. I have only ever used ASB and it looks like I will stick with it for a $10k trade.
$10,000 invested via Sharsies is $7 less but if you want to transfer it out into your own CSN as described by Just A Kiwi, add another $5 so not worth the effort.
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Member
Originally Posted by Beat the Bank
Thanks thebdogg for the calculations above. I have only ever used ASB and it looks like I will stick with it for a $10k trade.
$10,000 invested via Sharsies is $7 less but if you want to transfer it out into your own CSN as described by Just A Kiwi, add another $5 so not worth the effort.
A trade size of $10000 is exactly the value where ASB Securities compares best against Sharesies on brokerage. As the trade size moves further from the $10000 point, either higher or lower, Sharesies' advantage increases.
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