Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.



16 posts

Geek
+1 received by user: 1


Topic # 138499 7-Jan-2014 11:53 Send private message

Hi 

What is the best online (in terms of least costs and good features) trading platform in your experience.

Thanks


Create new topic

This is a filtered page: currently showing replies marked as answers. Click here to see full discussion.

62 posts

Master Geek
+1 received by user: 4


  Reply # 963367 8-Jan-2014 16:49 One person supports this post Send private message

Hi RM79,

I guess it depends on what type of instruments / securities and in what regions you plan to be "trading" in. It is in my opinion that the NZ Stockmarket is not particularly suited for short term trading due to the comparatively low liquidity and high brokerage fees.

ASB securities seems to be geared towards more for investors wishing to invest longer term in the NZX and perhaps the ASX as well. Using ASB Securities to trade in any other market (outside Australia / NZ) is not particularly cost effective (Buying and holding Stocks in say the US I believe is very expensive through them). Not sure if it's the same with Direct Broking.

I will state upfront that in my opinion in general terms, I'm somewhat unconvinced / reticent about short term securities trading as far as doing it as an individual punter goes (on the retail level) especially with minimal capital (say less than 100k)

If you still want to try you hand at short term Trading, you may be better focusing on much bigger markets such as the of the US and set yourself up with an US brokerage account that is geared towards active short term trading. I think there may even now be brokers that allow people to access several different markets across different regions for trading (but I don't think any of them are based in New Zealand).

Create new topic




Twitter »
Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





Trending now »

Hot discussions in our forums right now:

Speed limit when overtaking? Teach me please.
Created by nakedmolerat, last reply by Hobchild on 26-Oct-2014 00:11 (92 replies)
Pages... 5 6 7


House Auctions
Created by t0ny, last reply by Elpie on 26-Oct-2014 00:54 (45 replies)
Pages... 2 3


VDSL, which router/modem sub $200?
Created by TeaLeaf, last reply by NonprayingMantis on 25-Oct-2014 19:48 (28 replies)
Pages... 2


Neon - Sky's new streaming service
Created by JarrodM, last reply by JimmyH on 25-Oct-2014 17:37 (29 replies)
Pages... 2


iPad Air 2 and iPad Mini 3. Gonna get one?
Created by Dingbatt, last reply by tungsten on 25-Oct-2014 20:22 (115 replies)
Pages... 6 7 8


5Ghz AP recommendations?
Created by ubergeeknz, last reply by sbiddle on 24-Oct-2014 12:42 (12 replies)

Snap have failed our company!
Created by dafman, last reply by kornflake on 23-Oct-2014 17:41 (37 replies)
Pages... 2 3


Thief taunts 12 year old via stolen laptop
Created by macuser, last reply by charsleysa on 22-Oct-2014 23:49 (12 replies)


Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.