Comparing the Online Brokers
Tuesday, November 21st 2000, 10:21PM
by Paul McBeth
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Name |
NZSE |
ASX |
Account Required |
Charges |
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Access Brokerage Web-Broker |
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Client trust acct at BNZ |
$29.50 flat rate per trade |
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Online information includes: Market info on NZ and Aus listed companies as well as many unit trustsOther features include: Voted best Internet broker in Sharechat's Best Broker Awards 2000 |
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Name |
NZSE |
ASX |
Account Required |
Charges |
|
BNZ: Securities Trading |
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|
BNZ account |
$37.50 flat rate per trade |
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Online information includes: Real-time prices, company announcements and price chartsOther features include: BNZ Bond Direct (buy/sell bonds direct with bank's wholesale divn), foreign currency accounts Trade execution by Access Brokerage |
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Name |
NZSE |
ASX |
Account Required |
Charges |
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ASB Securities |
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ASB Securities Cash Management Account which can be accessed Via Fastnet Classic Internet banking. |
NZ: min $24.95 or 0.4 per cent Aus: min A$39.95 or 0.5% plus stamp duty In both cases, negotiable over $50,000 |
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Online information includes: Live NZ & Australian Quotes, Company announcements, research and graphs.Other features include: Monitor progress of order online, set up own portfolio and watchlist, Fastalerts, Foreign Currency Accounts and Phone access to US & UK markets. |
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Name |
NZSE |
ASX |
Account Required |
Charges |
|
Direct Broking: Direct Trade |
NZSE, securities quoted on the Unlisted Securities Facility
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Cash rate available if cleared funds in Dorchester Cash Mgement Acct |
NZ: credit rate 0.35% plus $25, cash rate 0.05% plus $25 Aus: min A$50 or 0.7% plus Aus stamp duty |
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Online information includes: Company announcements and other market infoOther features include: Can trade on credit. Online order tracking and history, live quotes, personalised portfolio & watchlist |
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Name |
NZSE |
ASX |
Account Required |
Charges |
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StockWatch service: QuickTrade |
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Direct Broking Ltd BNZ Call Account |
$29.00 plus 0.1% of balance over $10,000 |
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Online information includes: Real-time prices NZSE and ASX, New Zealand and Australian company announcements and price charts, archived info from NZ HeraldOther features include: Personal portfolio page updates for each completed trade, automated reporting of order progress Trade execution by Direct Broking |
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Name |
NZSE |
ASX |
Account Required |
Charges |
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ShareChat-linked service NetBroker |
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Dorchester Funds Management account allows trading on credit |
Cash rate (cleared funds in acct): $29 per trade plus 0.1% of any amount over $10,000 On credit: $29 plus 0.4% of the trade value |
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Online information includes: Company information at NetBroker's Market Data centre. Links to market reports, NBR Personal Investor and Unlimited storiesOther features include: Allows trading on credit Trade execution by Direct Broking |
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Name |
NZSE |
ASX |
Account Required |
Charges |
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DF Mainland: DFMTrade |
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0.7% with a $20 minimum |
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Online information includes: Access to DFMainland institutional research, regular market magazineOther features include: Real-time prices, program trading including stop loss orders, order tracking online, offers list |
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Name |
NZSE |
ASX |
Account Required |
Charges |
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UNITY Direct: UNITYtrade |
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No specific account required |
$29.50 flat rate per trade |
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Online information includes: Access to DF Mainland resourcesOther features include: See DFMtrade Trade execution by DF Mainland |
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Name |
NZSE |
ASX |
Account Required |
Charges |
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ANZ E*Trade |
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ANZ E*Trade bank account |
A$29.95 plus gst, or 0.1% plus gst for trades over $30,000. Rebates for frequent traders as low as $A19.95 plus gst |
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Online information includes: |
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Paul is a staff writer for Good Returns based in Wellington.
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