Graeme, does that charge also include the US agency fee?
(scouting around for competitive info :)
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Graeme, does that charge also include the US agency fee?
(scouting around for competitive info :)
YEs ASB charge between 50 - 90 dollars US per trade. I have had no problems what so ever. They can put the order through to the US almost immediately. for long term buys that is good. The time zones are definitely a problem if trading. If share go down on their friday you have no way of selling because ASB securities don't open on Saturday. If you do use a US broker it takes 3 business days following the day of sale to receive proceeds from any sale. So.. if you want to day trade you need more money in your us account. The US is a good market to trade because there are more traders and in my opinion more opportunities. I sometimes trade mid to large cap stocks but mostly the small cap and penny stocks. Higher risk but more reward.
Hi Graeme
The website say
"0.8% with a minimum of US $50.00 per trade plus Agency Fee 0.4% with a minimum of US 40.00 per trade".
Have you never been asked to pay the agency fee?
Julian