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  1. #21
    Member Lego_Man's Avatar
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    I havent tried, but they should be giving us closer to wholesale rates. I do it through my workplace when i want to transfer funds, every hundred bucks here or there counts.

  2. #22
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    Anyone know what the red exclamation mark on the left side of a stock in the automated portfolio means? I called ASB and asked them a while back and the lady didn't know - went and asked someone and came back and said it probably means there's an announcement but that can't be correct as I've got marks with no announcement. My guess is it's something to do with a percentage change in the stock but not sure what.

  3. #23
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    Quote Originally Posted by shar187 View Post
    Anyone know what the red exclamation mark on the left side of a stock in the automated portfolio means? I called ASB and asked them a while back and the lady didn't know - went and asked someone and came back and said it probably means there's an announcement but that can't be correct as I've got marks with no announcement. My guess is it's something to do with a percentage change in the stock but not sure what.
    In the web page source, that exclamation mark is called "new-trades-icon" , if that helps...

  4. #24
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    im glad they have finally got a working up to date news feed on their home page. about time

  5. #25
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    Recently i made a buy order on some shares and it was only partialy fulled. The next day the price increased to a price i didn't want to pay and i decided i wanted to put the funds into a different company so i amended the order to a low price that it's not going to go to for just 1 share. So that if i decided to buy this company in the next week or so i wouldn't have to make another order and incur the $30 trade fee.

    Does this work? Or am i charged $30 everytime i amend the order? If an order buys through two trades is it still 1 fee?

  6. #26
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    Wolf - just one fee.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  7. #27
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    Quote Originally Posted by CJ View Post
    Wolf - just one fee.
    Cheers CJ, noticed someone had a sell order on FBU for $150 guessing they are doing the same or maybe just made an error.

  8. #28
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    Anyone have an exclamation mark next to purchases in portfolio? I'm assuming its to let me know its new

  9. #29
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    Quote Originally Posted by Wolf View Post
    Anyone have an exclamation mark next to purchases in portfolio? I'm assuming its to let me know its new
    See Cricketfan's post above
    Last edited by TimmyTP; 19-11-2013 at 04:01 PM.

  10. #30
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    Cheers timmy

  11. #31
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    Quote Originally Posted by frostyboy View Post
    Has anyone had any luck negotiating the comission/spread on the retail NZD/AUD rate?
    How much do they charge you on the comm/spread on NZDAUD?

  12. #32
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    Looking for feedback on recent experience with ASB Sec. Sold a security for $30k . Partially sold on 25 March(settlement date 28th) with remainder sold 27th March(settlement 1 April). No funds in my CMA as of this morning so contacted ASB and after approx. 1hr got back to me to report funds now in CMA. I won't go into details of my ensuing discussion needless to say not impressed as I needed the funds to complete another transaction. Anyone else ever stuck this issue b4.

  13. #33
    Guru Xerof's Avatar
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    Yes, I have had a few of those, but it only impacts if you want to take the funds out of your CMA. If you want to trade again, you can actually do it as soon as you sold the shares, i.e. 3 days before settlement. That is standard for on-line as far as I know.

    The excuse I got was the automated transaction failed.....really? so where is the manual back-up?

    In the event you had a buy to settle the same day from those proceeds, I bet manual intervention would miraculously appear

  14. #34
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    Hi X
    Thanx for response. I understand how settlement works, but in this case my ensuing transaction was not anything to do with ASB. What annoyed me was that this should never happen. They have since phoned me to apologise and offered me a $30 voucher from my next trade(in other words a free trade up to the $30 parameter).

  15. #35
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    Anyone else having issues today? My laptop and desktop are having seizures just trying to load the depth and announcements

  16. #36
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    It's OK for me Okebw

  17. #37
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    Quote Originally Posted by Okebw View Post
    Anyone else having issues today? My laptop and desktop are having seizures just trying to load the depth and announcements
    When I first login it is having trouble loading correctly. Am forced to refresh to actually get anywhere.

  18. #38
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    NZD/AUD rates
    I hold mostly ASX listed shares. However I am finding the exchange rates upon trade execution extortionate, and is nowhere near live rates. It eats into profits and I am having to try and factor this extra expense before I sell to ensure I hit my profit target? Does anyone else think they overcharge and milk the exchange rate for profit? Rates between 0.90 and 0.94 common.
    I sold one holding on wednesday 23rd at an exchange rate of 0.9375 when the actual rates on that day were in the range 0.9201- 0.9186.

  19. #39
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    Any reason why you converting back to NZD$ all the time?
    Open a FX AUD account with them and only transfer back what you need if any

    See this thread http://www.sharetrader.co.nz/showthr...ASB-securities
    Last edited by Jay; 26-07-2014 at 05:04 PM.

  20. #40
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    [QUOTE=Jay;494063]Any reason why you converting back to NZD$ all the time?
    Open a FX AUD account with them and only transfer back what you need if any


    Simply because I trade NZX and ASX so its handy to have one central account having two accouts would be neccessary if ASB were honest with their exchange rates.
    I have traded Forex, and know have narrow the real pip margins are, less than 5 mostly, not hundreds like ASB are adding to each trade.
    That isn't Margin, and they are not being open about their ASX dealing.

    Example, say the rate is 0.9 AUD per 1 NZD when buying on ASX, then you'd expect the reverse rate of 1.1 NZD per 1 AUD if you sold on the same day at the same rate, give or take a FEW pips. Surely!
    I got 0.93 instead of 1.07 on a recent sale, so my $700 profit ended up just over $300. ASB applies Sub 1.0 rates on buys and sells, spreads as wide as 3000+ pips on dealing with them.
    Am I missing something, or is it really that much of a con?

    I shall be having a long talk with them tomorrow, and would like them to explain their spreads, margins to me..

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