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| Sharebrokers | | | Discount or order only brokers in most cases simply offer a broking service without offering advice. Because they do not have the cost of a research department they offer discounted brokerage rates. Typical rates would be 1.5% on first $10,000 order, 1% on next $40,000 and 0.75% on amounts over $50,000. They usually have a minimum transaction fee, sometimes as high as $75. Most offer a freephone facility. Discount brokers may also be online (internet) brokers. If you are starting an investment portfolio from scratch then you would probably like some guidance in developing an investment portfolio. In this case, a full service broker would be best. However, if you are an experienced investor and planning to do your own research, then a discount or order-only broker would probably be the better option for you as long as you need no broker advisory input.
There is a growing trend for online and discount brokers to have research material available for registered clients, ASB Securities, for example. | | | | | | | | New Zealand | | ABN AMRO Craigs | | ASB Securities | | BNZ Securities | | CFSB NZ | | Direct Broking | | Ellis Brothers | | Greenslades | | JB Were | | Macquarie New Zealand | | Leading trans-Tasman financial services provider: full service stockbroking, cash management, portfolio management; fixed interest, margin lending, options, alternative investments | | | | | | Australia | | ABN AMRO | | E*Trade Australia | | | | Canada | | E*Trade Canada | | | | United Kingdom | | TD Waterhouse | | | | USA | | Ameritrade | | Charles Schwab | | E*Trade USA | | Preferred Trade |
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