Quote Originally Posted by Balance View Post
To be fair, $30 a trade minimum barely covers the fees that accredited brokers and broking houses have to pay the NZX, and then there's the operating expenses these days - especially the regulatory and compliance costs!

One of the brokers I deal charged minimum trade $100 per trade and even then, he left the industry due to the stifling compliance cost to be a fund manager.

$10 a trade is actually very very expensive if you get bad service while $250 a trade is very cheap if you get a good broker who helps you to make good money.
$30 is gouging the customer $250 is robbery even with service , if the nzx wants to encourage more trading retail pricing needs to fall in price as well.

By the way i see ig markets has recently dropped commissions to .08% for asx stock trades whats the cheapest in nz .30% ..... robbery