sharetrader
Page 12 of 52 FirstFirst ... 2891011121314151622 ... LastLast
Results 111 to 120 of 519

Thread: Direct Broking

  1. #111
    ShareTrader Legend bull....'s Avatar
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    10,993

    Default

    it amazes me a bank that makes millions in profits has a platform that crashes quite frequently
    one step ahead of the herd

  2. #112
    Investor
    Join Date
    Jul 2014
    Posts
    5,640

    Default

    Quote Originally Posted by bull.... View Post
    it amazes me a bank that makes millions in profits has a platform that crashes quite frequently
    Its appalling to say the least.

  3. #113
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,876

    Default

    Quote Originally Posted by sb9 View Post
    Its appalling to say the least.
    The thing is, in NZ there is pretty much no competition for brokers. So they can really do what they want. No wonder many are looking over towards the ASX and US exchanges. NZX is a bit slow on the uptake and continues to suffer.

  4. #114
    Investor
    Join Date
    Jul 2014
    Posts
    5,640

    Default

    Quote Originally Posted by blackcap View Post
    The thing is, in NZ there is pretty much no competition for brokers. So they can really do what they want. No wonder many are looking over towards the ASX and US exchanges. NZX is a bit slow on the uptake and continues to suffer.
    Think its about time some reputable overseas firm (AUS) to offer a trading platform, I'm sure most on this forum would give their business to them.

  5. #115
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,876

    Default

    Quote Originally Posted by sb9 View Post
    Think its about time some reputable overseas firm (AUS) to offer a trading platform, I'm sure most on this forum would give their business to them.
    They probably would, but no way fees would be any less than the $30 per trade it is currently. Thank the NZX for that one.

  6. #116
    Outside thinking.
    Join Date
    Jan 2013
    Posts
    2,563

    Default

    Quote Originally Posted by blackcap View Post
    They probably would, but no way fees would be any less than the $30 per trade it is currently. Thank the NZX for that one.
    It is only a matter of time before an broker like this comes to NZ.

    I suspect the recent survey by DB is aimed equally at both improving their offering and preventing disruption from a large outside investor. (oops broker)
    Last edited by Leftfield; 13-03-2019 at 02:03 PM. Reason: incl broker

  7. #117
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,876

    Default

    Quote Originally Posted by Left field View Post
    It is only a matter of time before an broker like this comes to NZ.

    I suspect the recent survey by DB is aimed equally at both improving their offering and preventing disruption from a large outside investor.
    Maybe, it is already possible with CFD's but to actually own shares in your own name is still pricy. Sharesies, invest now etc do aggregate and there is no brokerage (well $30 per year) but you cannot determine the price you pay for your orders so trading is pretty much out and the offerings are limited. If they were to offer their services on all stock I dare say the fees would have to increase markedly as the NZ market is just not big enough.
    Not sure how the robin hood concept would work in the NZ framework. I know from experience that the "discount" brokers are not charging overly exorbitant fees thanks to the NZX.

  8. #118
    Senior Member
    Join Date
    Mar 2001
    Location
    Auckland, , New Zealand.
    Posts
    1,408

    Default

    Maybe if the NZX lowered their fees they might get a few more investors/traders (as long as the broking firms reduced their prices as well of course) - wonder if they have thought of that - sort of build it and they will come. Could say the same may apply to Sky, though rather than coming stop them from going.

  9. #119
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
    Posts
    3,227

    Default

    There are obviously some young people on here. I can remember paying between 1.5% and 2.5%.

    .2% is quite acceptable.

    Sorry for being an old f..t.

  10. #120
    ShareTrader Legend bull....'s Avatar
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    10,993

    Default

    Quote Originally Posted by 777 View Post
    There are obviously some young people on here. I can remember paying between 1.5% and 2.5%.

    .2% is quite acceptable.

    Sorry for being an old f..t.
    in a world of declining brokerage rates .2% is considered very high by world standards
    one step ahead of the herd

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •