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  1. #1
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    Jun 2008
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    Voltaire

    that also bugged me.

    do asb have a capability to trade ASX out of an $AUD account, NZX from Kiwi?

    I called DB last week who said they were working on it, gave 6-8 week timeframe.

    the exchange rate conversion (at Nat at least) every time is a rort, comfortably more revenue from their commission and shade than the brokerage.
    Last edited by shawsie; 16-09-2009 at 01:43 PM.

  2. #2
    Primate dartMonkey's Avatar
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    Sep 2007
    Location
    North, New Zealand
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    Quote Originally Posted by shawsie View Post
    do asb have a capability to trade ASX out of an $AUD account, NZX from Kiwi?
    Yes they do.
    I have a cash management account for NZ and foreign currency account for Aus.. You can buy ASX directly from your NZ account but it's better to move bulk lots to your foreign currency account at the right time I'd've thought.
    The secret of eternal youth is arrested development.

  3. #3
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    Mar 2009
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    Upper Hutt, Wellington, NZ
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    I set up a Macquarie account for the ASX through DB. It took a little over a week after I sent in the paper work and I was away trading in $AU...easy.

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