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.

61 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 new jobs are posted to our jobs board:



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




News »

Trending now »
Hot discussions in our forums right now:

Telecom introduces unlimited broadband data plan
Created by freitasm, last reply by NonprayingMantis on 23-Apr-2014 23:13 (93 replies)
Pages... 5 6 7


Stonedine
Created by Lizard1977, last reply by surfisup1000 on 23-Apr-2014 21:27 (58 replies)
Pages... 2 3 4


Telecom has started metering their TiVo customers' broadband usage (WITHOUT PRENOTIFICATION)
Created by Peteriv, last reply by mxpress on 23-Apr-2014 14:22 (69 replies)
Pages... 3 4 5


Forms of government for New Zealand
Created by charsleysa, last reply by KiwiNZ on 23-Apr-2014 20:57 (169 replies)
Pages... 10 11 12


Parallel imported product
Created by Wills1, last reply by joker97 on 23-Apr-2014 21:01 (53 replies)
Pages... 2 3 4


MH370 - Call for Search & Rescue Help
Created by DS248, last reply by joker97 on 23-Apr-2014 22:37 (737 replies)
Pages... 48 49 50


Labour MP Shane Jones to step down
Created by jeffnz, last reply by jeffnz on 23-Apr-2014 20:41 (32 replies)
Pages... 2 3


Upcoming Freeview Restack AUCKLAND
Created by Brunzy, last reply by richms on 23-Apr-2014 21:05 (13 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.