sharetrader
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  1. #1
    Junior Member
    Join Date
    Mar 2017
    Posts
    1

    Default Best online DIY trading site

    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.

  2. #2
    Advanced Member
    Join Date
    Aug 2000
    Location
    , , napier. n.z..
    Posts
    1,560

    Default

    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.

  3. #3
    Member
    Join Date
    Mar 2017
    Posts
    112

    Default

    I have share trading accounts with both. Very similar overall. Fees are similar (except custodial fees):
    ANZ https://www.asb.co.nz/asb-securities...-and-fees.html
    ASB https://www.asb.co.nz/asb-securities...-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.
    Last edited by Jonboyz; 04-04-2017 at 04:34 PM.

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