View Full Version : Investing in NZAX firms
I think this has been covered in one of the other threads but I cant for the life of me remember so though I would give it its own thread.
Do any firms allow internet trading of NZAX companies.
ASB Securities doesn't but I remember reading Direct Broking does??
I think with ASB, you have to call up (so I assume they then apply the telephone brokerage rate)
Blendy
24-06-2013, 09:25 AM
In my experience, any NZAX shares that I have called up ASB to buy have had regular $30 brokerage applied. (I didn't buy enough to go over the $30 minimum fee however, so I'm not 100% sure if there are additional fees if you go above that)
In my experience, any NZAX shares that I have called up ASB to buy have had regular $30 brokerage applied. (I didn't buy enough to go over the $30 minimum fee however, so I'm not 100% sure if there are additional fees if you go above that)Telephone rate is $35 (compared to $30) but the % is 0.7% compared to 0.3% - so you go over the minimum at $5k compared to $10k.
I am not sure if they apply the telephone rate though, but assume they do since you are doing it over the telephone.
Ouch, DB's rate is a flat $30 until $15,000 is reached.ONly if you have a call account with them - otherwise $30 + 0.4%
If you do have a call account, then it is 0.2% vs 0.3% (DB v ASB) so not significant.
Schrodinger
24-06-2013, 11:03 AM
ANZ allows online trading with NZAX (formerly NBST)
Schrodinger
24-06-2013, 11:17 AM
Ok that is good to know
I think ANZ and DB are the same platform.
But last time I looked ANZ brokerage was higher than DB on the same platform.
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