Quote Originally Posted by voltage View Post
madmat could you explain what this is and any specifics. This information is not available on the website. thanks
Hi, basically it allows you to purchase a number of shares on the US market. The interface is great so far but the platform is still in beta

From their FAQ

"Hatch is a digital financial platform whose first product gives Kiwis access to the US share markets. We give savvy Kiwi investors the opportunity to buy full shares and fractional shares in over 2700 of the world’s best known companies and more than 450 index, industry, dividend, and style-based Exchange Traded Funds (ETFs)."

Fees are pretty reasonable too

"Brokerage fees:

When you buy or sell shares or ETFs from your Hatch account, you pay a brokerage fee that we split with our US broking partner, Drive Wealth:

  • To buy or sell a fraction of a share: $3 USD
  • To buy or sell one or more shares: $0.02 USD a share
    There's an $8 USD minimum fee, so up until you buy 400 shares, you'll be paying a flat rate of $8 USD on every order. "



"Exchange fees:

An 0.8%* fee is included in the exchange rate you see in Hatch. Our fee is lower than what most banks charge (which is usually about 1%). We split this fee with our FX partner World First. It works like this:

  • Base exchange rate (Interbank rate): 1 NZD = 0.67 USD
  • Hatch rate: 1 NZD = 0.662 USD (0.67 - 0.008)
  • Bank rate (estimated): 1 NZD = 0.660 USD (0.67 - 0.01) "