Bit of a rip off, i did it within about 15 minutes of getting email, get to the end and they tell you all the free trades have gone.
Printable View
They are obviously not asking everyone as I have 3 accounts and no emails.
Asked me and I've never traded with them - only because I had an ANZ Securities account.
Anyone having issues with ASB Sec log in this morning.
Yes , it goes sometimes only. Error message other times
it amazes me a bank that makes millions in profits has a platform that crashes quite frequently
It is only a matter of time before an broker like this comes to NZ.
I suspect the recent survey by DB is aimed equally at both improving their offering and preventing disruption from a large outside investor. (oops broker)
Maybe, it is already possible with CFD's but to actually own shares in your own name is still pricy. Sharesies, invest now etc do aggregate and there is no brokerage (well $30 per year) but you cannot determine the price you pay for your orders so trading is pretty much out and the offerings are limited. If they were to offer their services on all stock I dare say the fees would have to increase markedly as the NZ market is just not big enough.
Not sure how the robin hood concept would work in the NZ framework. I know from experience that the "discount" brokers are not charging overly exorbitant fees thanks to the NZX.
Maybe if the NZX lowered their fees they might get a few more investors/traders (as long as the broking firms reduced their prices as well of course) - wonder if they have thought of that - sort of build it and they will come. Could say the same may apply to Sky, though rather than coming stop them from going.
There are obviously some young people on here. I can remember paying between 1.5% and 2.5%.
.2% is quite acceptable.
Sorry for being an old f..t.
I just completed the DB survey. I mostly hammered home the request for the ability to have exposure to other overseas share markets (besides asx) at reasonable rates, it is quite farcical the current situation in NZ. I hope others have or will also ask for this. Cheers.
Been away for weekend and thought I would catch up on how the depth looked at the end of the week for a couple of companies, only last trades showing and not the depth. I am sure I have looked at the depth in the weekend before - is this another anomaly since the Direct Broking taking over from ANZ?
Hey, does anyone use the Direct Broking app? What’s the deal, this only for First NZ Capital members I assume?
Just placed an order and it was settled and my contract note received within about 5 minutes. Much better than my previous dealing with them.
Well, I 've been a bit thick, so thought I would post this story in case others were going to make the same mistake.
Using ANZ, a 'Buy" was settled by direct debit from my nominated account. Somehow, I had it in my head after reading the Direct Broking info that I now needed to fund my Cash Management Account in order to purchase, so did that for the first time earlier this week. Upon making my first "Buy" I noticed on the acknowledgement "Your transaction will be settled by direct debit from account xx-xxxx-xxxxxxx-xx" (or words to that affect). I rang them to double check - turns out the direct debit method still works and I was still set up for it. They kindly transferred the funds in my cash management account back to my nominated account that day.
Random aside, but based on first use I was very happy. Quick response to my phone call. Very quick placement of order to the market (quicker than it ever was with ANZ). All good so far. Maybe they have ironed out the kinks a bit.
Certainly seem to be better than when they first took over the ANZ business. One thing that bothered me was that when transferring funds from my (ANZ) bank account to Direct Broking- say on a Monday - it didn't show until quite late Tuesday-quite often not until the afternoon. The last couple of transfers I've done have shown when I've checked just after 10am, so much better.
Q, Im selling some shares today through a broker and I cannot see them on the sell column of Direct , does Direct only list shares for sale for their own clients , if so where can one see all the listed shares that have a sell order on then, NZX does not seem to have a quote system ?
NZX data delayed still?
Why do i still have a direct broking account...
Been Ok for me all day.
Anyone tried teh Direct Broking app.
I've installed Join Dirtect Broking but it doesnt recognize any of my emails and locks my phone up so I have to do the shutdown phone / restart trick
Change in interest rates.
Currency Daily Balance Interest Rate
NZD
up to 14,999.99 1.00% p.a.
15,000.00 to 49,999.99 1.25% p.a.
50,000.00 to 199,999.99 1.75% p.a.
200,000.00+ 1.75% p.a.
Just clicked on my normal log in and received this message.
This site is not secure
This might mean that someone’s trying to fool you or steal any info you send to the server. You should close this site immediately.
[IMG]res://ieframe.dll/shieldcheck.ico[/IMG]Close this tab
[IMG]res://ieframe.dll/down.png[/IMG] More information
Has anyone else had this problem. It appears site certificate has been revoked, this is the ANZ Securities redirection site.
Yep had this issue a week ago. I sent them a screen pic of the error and had a response within a day redirecting me to the site below. Seems they have changed addresses and/or an older redirection is no longer working.
The fix was to delete my older 'bookmark' address and replace with this one.
https://www.directbroking.co.nz/Dire...atic/home.aspx
All works fine now.
Whoops ... if they want to keep this particular URL active publicly then they'd better get their IT team to update the cert or find out what happened ... potentially embarrassing :)
I go straight from the DirectBrokering site now ... no redirects ...
https://www.directbroking.co.nz/dire...atic/home.aspx
Tried the App but it doent link to my account. How dumb is that. I cant be bothered getting all the info together when the already have it
I'm getting this error from the website today. Anyone else or just me? I dont think this error is important but still makes me nervous. Any comments from anyone?
Your connection is not private
Attackers might be trying to steal your information from www.anzsecurities.co.nz (for example, passwords, messages or credit cards). Learn more
NET::ERR_CERT_REVOKED
Subject: www.anzsecurities.co.nz
Issuer: DigiCert SHA2 Extended Validation Server CA
Expires on: 20 Apr 2020
Current date: 27 May 2019
The old link has probably done its dash. I just reloaded a bookmark using the new URL for directbroking
It is good to be cautious, especially when money is involved. A certificate will have expired and the responsibility will fall somewhere between ANZ Securities and FCNZ (Direct Broking).
Use the Direct Broking site (https://www.directbroking.co.nz) and you won't have that problem. ANZ Securities doesn't exist anymore so you are best to update your bookmarks to the current site.
and thanks to Xerof and Minimoke tooo,
I havent been reading the boards so much recently , I should have seen this!!
Is it just my account or is the closing match prices missing for all accounts.
Just came right 1 minute before close.
Seemed to come right at 4 mins past 5.
Site seems to be on a go slow today, not updating buys, stock price delays, and order delayed.
So slow at the close today. Any ideas how to buy or sell when it’s like this?
The answer I got on 19/6/19 when asking about the match prices and volume at session close.
"There is an IT issue with our site on the depth screen and they will be running a fix tonight so this should rectify the issue come pre close tomorrow"
Nothing has changed today 21/6/19
lovely my depth has gone in all shares, has this affected anybody else?
Yep - same here
From Direct Broking - working with data providers to fix current fault of live market data
We are currently working with our data providers to resolve an issue with live market data. We'll get this back up as soon as possible.e currently working with our data providers to resolve an issue with live market data. We'll get this back up as soon as possible.
Can anyone point to where the codes on the depth chart for ASX are now. With ANZ there was a help on the same page. Yesterday 2 very large sales (suspect USB) with a 4 letter code and today CEXT. Not in glossary.
It would be really nice if Direct Broking provided the attachments to the NZX announcements.
Personally I find it a bit galling to read an announcement that says nothing and refers one to the attached document which isn't there. Which means I then have to go to NZX to obtain.
e.g.Attached is a Notice under Listing Rule X.xx.x in respect of blah blah blah
quite frankly this sux
I'm a busy retired person I aint got time fo dis. :p
Just a suggestion guys, if you wanna be client focussed.
Delete them all after a month if space is an issue, but I cant really imagine it would be a serious issue.
Just get the attachments on your site , or links direct to the nzx if thats easier.
TIA
Has anyone else noticed this? I've seen it for a while, and keep forgetting...but it is seriously frustrating. Basically - when you click into a depth view of a share, the share price displayed as the 'header' does not actually reflect the most recent trade. It never used to...has only started doing that a few months ago. It got me into a spot of bother once, which DB were very quick to fix for me. But it isn't a one-off...it keeps showing up in the view. Check out the example....right now its doing it with PLX as well.
Attachment 10758
Small trades below a certain volume or value are excluded from setting a market price.
It goes back to the days when having bought 9998 of the 10,000 shares at $1 in your order the broker bought the last 2 at any price just to close the d*** order.
Here are the trade conditions but they aren't shown so much these days
Attachment 10760
https://www.directbroking.co.nz/Dire..._glossary.aspx
I wasn’t sure if it was there before and wondered if I’d made ass of myself haha, but if I haven’t then yeh big ups to DB
Had to email DB on odd lot trading. Understandbly there will always be short trades, and unfortunately odd lot trades. But it is really annoying and adds to the cost of trading. I put an order in today for 500 WBC and picked up 2 plus brokerage. Not so dramatic with $30 shares but when buying MPG it would be a real downer. I emailed DB and suggested they really need to come up with a policy, whereby odd lot trading below a certain value should not incur brokerage until a substantial part of the order is filled.
Will let you know the outcome.
When I have had an order not completely filled I have been charged the $29.95 (or whatever) and then when the order is completed with subsequent trades there has been no extra brokerage charged, so the complete order goes through with $29.95 brokerage.
I guess they charge it with the initial trade as if it was not done until the majority of the purchase was completed someone could get 2 or 10 or 100 shares, no brokerage and then cancel the outstanding order. Could get messy.
That makes perfect sense. Same amount of work for DB if they purchase 2 shares or 1000. Once a purchase (or sell) has been initiated they should charge bro on it. Indeed if you decided to cancel an order and then had to post date brokerage etc. Could get messy in the back office too. If you get hit for 2 shares you have a month to buy the remainder. Just up the bid to the ask and get the rest. Simple really.
I have been looking at the trades on a few shares, and wow there are so many odd lot trades going on, it is becoming a real problem. I do a lot of trading and getting to the stage where there is a gap between the buys and sells, I am so reluctant to put in a sell or buy order because if the risk of getting an odd lot but not proceeding with any further of the order. They become expensive shares. Odd lots are just a nuisance, and creates brokerage for brokers.
Look at CVT today, there was a seller of 2000 at 313. There was odd lot trading, quite a bit. Then as the price dropped, the seller had to reduce their ask to 310, just to make the sell order worthwhile. Stinks, just where do all of these odd lot trades come from. They must be losing money for the seller with the brokerage on selling two shares. I just dont believe that there is honesty going on here. I did once think someone shafted me on a little traded share once, where I appeared to be bidding against another buyer, when we were jockeying for a position, then an odd lot trade. Either the other party was getting free brokerage or they eere quite willing to lose $30 just to annoy me.
WTF, nearly every share I am following has odd lot trading going on. Just what is going on. There used to be a system of uneconomic parcels, which could not be bought and sold. Every now and then a company would buy up the uneconomuc parcels and get rid of them. I think brokers are doing this on purpose to generate brokerage. The $30 min brokerage, doesnt cover the cost to the exchange, or the company for processing the share transfer. Its like the freeloaders in the Koro Lounge. Not that I have ever been in there. But it must be annoying for those that paid the full cost to be members.
They can only help with a brokerage negotiation but the machine trading is a big part of the market now and is legal(Cough,Cough) and here to stay.PS-It must be unsettling for you guys that dont trade much but for people like myself we've been working with the machines for years now, we can smell their presence yet live and work around them(Sounds a bit like Transformers aye)
The DB website, gives minimum holding requirements for shares at certain value. They state that orders will be reversed for those not fullfilled at these min holdings, yet so many odd lot trades going on. Ive been caught a few times. I was buying mpg at one stage where I bought one share at 50cents. That was an expensive share. I rang DB, and cancelled the purchase. They said they would do it this time. I have been caught out again and again. I have not seen so much odd lot trades going through as have been carrying on recently.
Just looking at WBC (westpac) on the NZX. There is a purchaser sitting there for one share at 3100. That means at min brokerage, you are paying $60 per share. Way above mv even at 3100, let alone $60. It looks to me that someone is trying to discourage large dufferences in buy and sell quotes, by making it uneconomic, with odd lot trades ir something. The sell quote is 3150, the buy quote is 1 at 3100 and last sale and second in line is at 3070.
Got to get to the bottom of this. I have also emailed the NZX.
Who is it tgat wants to buy one share at $60. I presume ut us someone who doesnt pay brokerage. ie a broker.
Your not listening bottomfeeder(Rise of the machines)
Maybe not, but there was a seller of WBC on the NZX who had a sell quote at 500 for 3155, which is way above recent trades and I am sure when the ASX opens it will never hit thoat high for a while, who just got lumbered with the one share sale. I would bet my holding of WBC, that the balance of his order will not be fullfilled before it expires. He will either have to lump it, or reduce his sell price to make it economic for him.
I am nit listening, because no seems to be doing anything about it. This needs investigation.
My feeds will keep going till we get to the bottom of this.
More ranting. I trade a bit so I get acces to depth, but for those who have infrequent trades, and dont gave access to depth, be careful how you place your order, or you will get shafted as well.
Hang on I just take another pill, and get on my high horse again.
We should be factually informed though, as bottom feeder suggests, and not just having everyone guessing, isnt transparency meant to be important to the correct functioning of markets.
or is this just another case of the dark side taking over
Oh man its just ridiculous. Today on WBC on the NZX there are so many odd lot trades its ridiculous. Just what has changed recently, I have never seen so much odd lot trades coming through. Not so bad if your order is subsequently filled, but mostly they invade your order at a value that may not be filled.
I just dont know what has changed, I have never seen the extent to which it is carrying on now. Its ruining the market.
DB did not reply to my previous email so I have emailed them again. I have also emailed the NZX, but they havent replied. It needs a thorough investigation.
Had a call fron DB. Its definitely sharesies that is ruining the market. I just dont understand how sharesies members make their money. The certainly dont pay minimum brokerage, they seem to be under some sort of subscription and percentage. So if they want WBC, they just say I want $40 worth. It probably costs them a dollar. Just a big nuisance. Because sharesies is a nominee holder, they have a marketable parcel with balance of the holding. If this keeps going on I will have to think if you cant beat them join them. And aha, DB says there are a lot of other people getting annoyed the same as I am.