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Junior Member
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.
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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.
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Member
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 05:34 PM.
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