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  1. #1
    Member
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    Sep 2007
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    385

    Default online brokers for international shares

    I have a commsec account for shares on the ASX. Unfortunately, they will not allow me to trade international shares as I am unable to open an International trading account as I do not live in Australia. Can anyone suggest an alternative. i wish to keep this simple. Perhaps I just use a full broker in NZ that charges 1% brokerage.

  2. #2
    Senior Member
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    Mar 2008
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    Default

    I had an etrade account, then they stopped supporting NZ/AU clients and closed it. Then I got a Schwab one and they've just announced stopping support for NZ/AU too. The options are dwindling...

  3. #3
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    Sep 2007
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    Thanks Entrep, so how do investors buy US stock with paying a fortune.

  4. #4
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    May 2004
    Location
    New Zealand.
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    170

    Default

    One option I use is CFD's with IG Markets ... it is a leveraged product though ... but it does give you everything on the NYSE, NASDAQ. Probably more for day traders perhaps but is cheap and easy to use

    Bear

  5. #5
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    bear, as I am a long term investor I do not want to invest in CFD's. I would be very interested if investors just use full brokers to buy stock like visa, apple. Is 1 % brokerage acceptable. I do want to keep things simple. Online brokers give great access to the nzx and asx but how to get access to other markets is becoming a complex problem.

  6. #6
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    I have come across www.halifax.co.nz in nz. Has anyone got comments on their broking services?

  7. #7
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    Apr 2011
    Location
    Wellington
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    Interactive Brokers - https://www.interactivebrokers.com.au/ - is a good option for the US. Min $10k USD capital requirement though.

  8. #8
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    levin123 can investors from NZ open an account?

  9. #9
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    Jun 2011
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    Wellington
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    Default

    Yes............

  10. #10
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    Sep 2007
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    thanks smpl at last a solution. Do they have custodial? an out of interest is halifax the same company?

  11. #11
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    Jun 2011
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    Wellington
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    Not that I am aware.

    Something about Halifax is dodgy, I got cold called by them which means someone sold my personal details.

  12. #12
    Junior Member
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    Oct 2011
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    Quote Originally Posted by smpl View Post
    Not that I am aware.

    Something about Halifax is dodgy, I got cold called by them which means someone sold my personal details.
    I think Halifax uses Interactive Brokers under the covers. No need to involve them just go direct to IB.

  13. #13
    Ignorant. Just ignorant.
    Join Date
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    Irresident
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  14. #14
    Ignorant. Just ignorant.
    Join Date
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    Irresident
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    Quote Originally Posted by smpl View Post
    Not that I am aware.

    Something about Halifax is dodgy, I got cold called by them which means someone sold my personal details.
    I had a look at the Halifax website. Based on the website, I wouldn't touch them with a long pole.

  15. #15
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    Aug 2015
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    218

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    Quote Originally Posted by GTM 3442 View Post
    i have used tdinvesting for 15 years (Internaxx when we joined). As an investor rather than trader I have to watch the fees and always have one activity per quarter. Have one EURO fund on high yield that pays the fees anyway. Great to deal with and bank seems sound. Does many many markets. Leaves The NZ options way way way back in the shadows.

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