Originally Posted by
Balance
To be fair, $30 a trade minimum barely covers the fees that accredited brokers and broking houses have to pay the NZX, and then there's the operating expenses these days - especially the regulatory and compliance costs!
One of the brokers I deal charged minimum trade $100 per trade and even then, he left the industry due to the stifling compliance cost to be a fund manager.
$10 a trade is actually very very expensive if you get bad service while $250 a trade is very cheap if you get a good broker who helps you to make good money.