online brokers for international shares

[voltage]

I am very impressed. What a great way to buy US shares and ETFs from New Zealand, so simple and cheap.

[BigBob]

I am very impressed. What a great way to buy US shares and ETFs from New Zealand, so simple and cheap.

Is anyone actually using Hatch Invest....?

I have deposited a small amount and made a purchase to get a feel for the interface and tools in general. It's extremely basic as far as I can see - pretty much a minimum viable product (you can for example only place orders "at market", and the charting functionality is very, very limited).

However, enrolment and money transfer very easy and it's a very inexpensive way to access the US markets - I just hope they are going to add more functionality....

[johndoe123]

Yea I am in the same boat. Have deposited a very small amount also and bought a couple stocks, just to get a feel of it.

They are taking any and all feedback onboard for ways to improve their product. Join the 'Hatch Investors Club' on Facebook, where people are posting their feedback and ideas for improvements and staff are also interacting here. Staff have stated that they are currently working on improvements.

Hopefully when economies of scale improve, the FX fee will come down, and hopefully the commission fees. Would love to get down to $0 commissions like Robinhood. This would no doubt make the deposits (and their FX fee revenue) increase tenfold.

[BigBob]

Yea I am in the same boat. Have deposited a very small amount also and bought a couple stocks, just to get a feel of it.

They are taking any and all feedback onboard for ways to improve their product. Join the 'Hatch Investors Club' on Facebook, where people are posting their feedback and ideas for improvements and staff are also interacting here. Staff have stated that they are currently working on improvements.

Hopefully when economies of scale improve, the FX fee will come down, and hopefully the commission fees. Would love to get down to $0 commissions like Robinhood. This would no doubt make the deposits (and their FX fee revenue) increase tenfold.

Thanks for that - good to hear they are approachable... Being slightly paranoid, I don't use facebook so instead I'll write up an email to them when I get a chance...

[peat]

there is always Craigs, if you're happy to pay handsomely for the privilege I guess.
A couple of years ago it was getting harder to go offshore.... no one wanted to do it because of all the hassle - its quite amazing to me how Hatch seem to have taken all the pain away. Maybe they bought Maxigesic from AFT

[NZT]

hi, i believe Stake are opening in NZ next week - access to US markets

[kyanar]

hi, i believe Stake are opening in NZ next week - access to US markets

You already have Hatch. They're both just DriveWealth technology customers.

[blackcap]

Is anyone actually using Hatch Invest....?

I have deposited a small amount and made a purchase to get a feel for the interface and tools in general. It's extremely basic as far as I can see - pretty much a minimum viable product (you can for example only place orders "at market", and the charting functionality is very, very limited).

However, enrolment and money transfer very easy and it's a very inexpensive way to access the US markets - I just hope they are going to add more functionality....

For small players with purchases of say $1,000 it makes a lot of sense. Buying and selling at market is not an issue considering the savings on the bro. But you are right, if you are a big player or you want functionality they do not offer that. But they do offer fractional shares etc so I can now get a stake of Berkshire Hathaway for instance or even some millennial with limited funds could buy a piece of Amazon or Google, although their prices are starting to become affordable as the market falls. I have put a small amount of $ with Hatch, like the concept very much.

[Toulouse - Luzern]

I have a small trial deposit.
So far so good, seems efficient
Waiting for an entry ...

[DonQ]

I started reading the Hatch T&C, found a few things a little offputting,would appreciate some feedback on the reality

1) they don't seem to offer much assurance re FX rates on transfer, (sort of "well it may happen today, then again it may not, and you'll take what we give you") perhaps making arbitrage money; can anyone comment?

2) the US broker they use Drivewealth, talks about "Sweeping" your cash management account and using your unused cash for money market speculation, which you may or may not benefit from, they seem vague on that; anyone have any feedback on whether or not that affects their cash management fund availability?

I must admit their unwillingness to make commitments on those aspects does worry me.