Best online DIY trading site

[steveothedidlio]

Hey Team, Keen to know what people think are the best sites to use when trading online for the M&D investor.
ASB securities?.. etc.
User experiences both good and bad would be appreciated.

[craic]

I've been using ANZ since the flood and I've never really considered any other. That is intellectual laziness but I still manage to squeeze enough out of the market. A list of available ones and their rates would be helpful.

[Jonboyz]

I have share trading accounts with both. Very similar overall. Fees are similar (except custodial fees):
ANZ https://www.asb.co.nz/asb-securities/rates-and-fees.html
ASB https://www.asb.co.nz/asb-securities/rates-and-fees.html


ASB
+user interface is a bit friendlier and intuitive to use.
+New IPOs displayed at top of page
+No custodial fees for US shares
- no direct online purchasing of US shares (have to telephone an ASB broker to place an order)
- webpage does not display your foreign custodial holdings (only NZ/AUS) in your portfolio


ANZ
+direct purchasing of US/UK shares
+webpage displays all of your NZ, AUS, UK, US holdings in your portfolio
- charge a 0.3% annual custodial fee on US/UK shares!


Even though it is more of a hassle to buy/sell US/UK shares with ASB I prefer them because they don't have the custodial fees.