Cheapest brokers?

[Brut]

DB actual charge is $29.90 for the first $15,000 then .2 percent.

http://www.directbroking.co.nz/Direc.../ourrates.aspx

Trades for Australian listed securities with a trade value of up to AU$30,000 AU$29.00

I only trade on the ASX & didn't realise DB fees are more expensive for NZ shares?

[wbosher]

Trades for Australian listed securities with a trade value of up to AU$30,000 AU$29.00

I only trade on the ASX & didn't realise DB fees are more expensive for NZ shares?

To get the AU$29 rate you must be trading in Aussie currency and have an Aussie bank account. If you're trading out of a NZ account, I beleive it's AU$40.

Phaedrus - Trading US markets does sound tempting, but I like to know that when I go to bed, I'm not going to wake up to a nasty surprise. A newbie fear I suppose.

[Jay]

To get the AU$29 rate you must be trading in Aussie currency and have an Aussie bank account. If you're trading out of a NZ account, I beleive it's AU$40.

Don't think so, I trade (should I say invest long term in case the IRD are reading this!) Aussie shares thru them with settlement thru their NZ call account - long term and infrequent account so not to worried about exchange rate, still only get charged the $29.90.

[wbosher]

Don't think so, I trade (should I say invest long term in case the IRD are reading this!) Aussie shares thru them with settlement thru their NZ call account - long term and infrequent account so not to worried about exchange rate, still only get charged the $29.90.

Sorry, I forgot about NZ call account. The $40 applies if you are trading out of your own NZ bank account. This is what I used to do until I wised up.

[aspar13]

Bought some shares on the ASX through ASB Securities online broking, paying through the Cash Management Account. Was charged a total of 0.3% - AU$38.85 brokerage + AU$14.82 Agency Fee. Two questions:
1) What is the 'agency fee'?
2) Does this brokerage sound right or is there any economical alternative?