| Recommended
Internet Stockbrokers in Australia, New Zealand,
United Kingdom and the United States
(Stockbroker sites are also very useful to
access company announcements, share charts, quotes and
other information)
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ASB Securities
offers an Internet, Telephone and Advisory
stockbroking service. The internet service
charges 0.3% with a minimum of NZ$30.
The Australia fee is 0.3% with a minimum of A$30. |
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Direct
Broking offers a low cost "Cash
Rate" (i.e. paid from a cash management
account) of 0.2%, with a minimum of NZ$29.90.
For Australia the rate is A$29.00 on the first
A$30,000 plus a high 0.3% on the balance over
A$30,000. That doesn't make any
sense! One A$60,000 trade would cost A$119
but if you split that into two A$30,000 trades
then the cost is just A$58. |
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FasTrade is the Internet service of
UK broker, Torrie & Co. The brokerage rate is
just 0.5%, with a minimum of just £15 and a
maximum of £30 (on trades worth up to £40,000). |
There are accounts fees of £20/year
or 0.04%/year on portfolios worth over £200,000
(i.e. £80 on a £200,000 account).
FasTrade
offers the easiest way to buy and sell UK Unit
Trusts, but are a little expensive. The
initial commission - usually 3% - is fully
rebated, but they charge £55-70 buying and
another £55-70 to later sell. |
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E*Trade is not the cheapest US
broker (US$19.95 for "limit" orders,
US$14.95 for "market" orders), but they
offer a full range of services (i.e. options,
company new, profiles, charts) and a very high
quality service. |
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Brown is
another US Internet broker charging just US$5.00
for "at market" orders and US$10.00 for
"limit" orders, plus charging a low
"margin" interest rate and offering
"real time" quotes. But you need
US$15,000 plus 5 years experience and an Income
over US$40,000 to open an account |
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Wang charges
just US$5.00 for "at market" orders and
US$8.00 for "limit" orders (but
"margin" interest rates are 1-3% higher
than at Brown & Co). |
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US
Dollar Exchange Rates against American currencies, European currencies, Asian Pacific currencies and African/Middle Eastern
currencies.
International Investor's
Currency Converter (find the current exchange
rate between any two currencies).
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