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:

Government Limos
Created by networkn, last reply by Bung on 31-Oct-2014 12:39 (94 replies)
Pages... 5 6 7


Snap refuses to replace faulty gear
Created by Brendan, last reply by MadEngineer on 28-Oct-2014 19:07 (92 replies)
Pages... 5 6 7


Shutup and take my money (via NFC on my mobile phone)
Created by sxz, last reply by sonyxperiageek on 31-Oct-2014 22:34 (24 replies)
Pages... 2


How good is your general Science Knowledge?
Created by Aredwood, last reply by PhantomNVD on 1-Nov-2014 10:29 (41 replies)
Pages... 2 3


OneDrive code giveaway - go!
Created by freitasm, last reply by PhantomNVD on 1-Nov-2014 10:31 (36 replies)
Pages... 2 3


Uber: a cheaper taxi ride?
Created by kingdragonfly, last reply by livisun on 31-Oct-2014 14:47 (34 replies)
Pages... 2 3


DDos Protection from ISP
Created by charsleysa, last reply by freitasm on 31-Oct-2014 12:11 (46 replies)
Pages... 2 3 4


Sky will be 'upgrading software' of My Sky to connect to internet. What does that mean?
Created by Geektastic, last reply by Jase2985 on 1-Nov-2014 07:06 (28 replies)
Pages... 2



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.