I am looking at CMC market....app looks flash....any thoughts? I have enough with direct ****....
Very slow executing orders...always fxkg missed out!!!!
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I am looking at CMC market....app looks flash....any thoughts? I have enough with direct ****....
Very slow executing orders...always fxkg missed out!!!!
All my depth has now gone. Pretty damn frustrating alright!!!
What big differences peat?
Depth is now back for me
When Access Brokerage went under in 2004 it appeared that the shares actioned were OK. It was the money sitting in the accounts that was unsecured.
In the end the bank covered the accounts because most people receiving the hard copies of the accounts on bank headed stationery, self included, thought they were actual bank accs. The bank were not legally liable to cover the accounts. However, timely NZ Herald articles made for a good PR decision by the bank.
I can't say whether the position is exactly the same 16 years on.
It won't go bust...Jarden made a lot of money for thier 2cents worth advices
with CMC you are most likely trading against them which there pds allows , there algo's will execute your orders fast or slow depending what is best and sometimes there platform is very slow to respond maybe due to volume of orders or maybe other reasons. but overall its a alright platform for beginners who got some spare money
I found this on DB's web site. Encouraging that today's funds are in a Trust Account.
"Is my money still protected?
Jarden is required under NZX regulations to hold client monies in client funds trust bank accounts. Jarden administers monies belonging to clients in a fiduciary capacity. This is a key area of regulation under the Financial Advisers Act 2008 and the NZX Limited Participant Rules, the main purpose of which is to ensure that Jarden accounts for, and safeguards, client assets at all times. The Financial Advisers Act 2008 and the NZX Limited Participant Rules dictate a high standard of custodianship and associated record keeping.
Jarden is not a registered bank and is therefore not regulated by the Reserve Bank. The protections for your money are as prescribed by the NZX Regulations."
I cant really say I have experienced any of this. Mostly trades are effectively instantaneous. But you do have to watch out for price spikes - they have higher volatility than the real market.
But what I was referring to , King1212, was that CMC offer CFD's , so you do not own shares in your name as you would when buying through Direct. You pay holding costs with CMC too, so less ideal for investing purposes.
THere are pros and cons with both.
Hi all from DB.I have a wee question for ya. Why is the last candle in this chart blue when the closing price yesterday ( the last candle on this chart ) was 186?
Back to this again. Good luck getting your orders processed in a timely manner?
Oh great. Put a buy order in for 3000 AMP at 1.46. Subsequent to placing order price went to 1.45. My order was delayec, and I missed out. Now I see I sold 1 share. Not all this bull**** again.
And it’s frozen again just when ASX opens
I have never had a problem with direct Broking and my trades seem to go through quickly
Probably not direct fault, but some systems in nzx need upgrading.
I’m going to revise what I said. This morning has been a nightmare. Lots of other orders filling at my sell price but mine aren’t. Not even partially selling
Verrrry frustrating. It’s been sitting there while all the other trades pass it by
Someone on this thread pointed out to me that Direct Broking aren't a trading service, i.e., you should expect your orders to maybe get filled within the day if they are busy but they are really just for purchasing shares to hold for months etc, and if you need orders filled quickly (like within the hour) then you should be using one of the trading options. They gave me a name but I'll have to look back through thread.
I use DB and haven't had any issues.
However, when I place an order I always tick the box/prompt saying 'order expires at the end of the day'.
I wonder if you took this option and whether this gives 'day orders' some form of priority?
Interested to hear others thoughts on this.
the service has gone downhill in the last few months, orders not actioned, when I chase it up, get answer phone, no reply till 4 hrs later.
Leaves me wondering whether the brokers are trading against the clients.
Never had that problem under Nigel Wynn, or ANZ's regime.
Did NZX just crash?
Message on me Sharesies... "The New Zealand Stock Exchange (NZX) is currently experiencing a connection issue to all participants..."
I'm too lazy to log into ASB but assume it's the same there.
Actually, I literally put the wheels in motion to transfer my Kiwisaver to Superlife (NZX owned company) this afternoon. The figures are so huge that it must have crashed their system (I wish).
Yes the same message is on ASB as well
On Direct Broking just now - a Spark problem so they say
Attachment 11882
Not good for Spark with results coming tomorrow :p
Nonetheless let's hope it's a good one
It’s all very convenient for them to point the finger at Spark, but surely a company of NZX’s nature should have diverse links, preferably with multiple ISP’s and then spanning a couple of redundant data centres. There’s no excuse for it in this day and age.
Cyber attack!
Is it "Shark Attack" by Split Enz, or "Computer Games" by "Misex"?
Interesting. It was a denial of service attack.
And again NOW.
Yes buyers on OCA at130 and sellers at 130, never seen that before.
Cant rely on anything. Buyers on AMP at 1.61 yet sales going throught at 1.60. I have cancelled all of my orders, but have been sitting there for at least 1/2 hour with cancel requested.
Like trading in a 3rd world country -
Are we up and trading yet.
If todays outage is a result of yet another DDOS attack, then this is quite serious.
Aussie is trading through D B .
It will be interesting to see what attribution about the perpetrators, if any, is publicly made.
Seem NZX is down again just now .
Well, That is because if you have Huawei 5G connection , you won't have this problem :-"
Anyone else having problems accessing trade depth this morning using direct broking?
es depth is down just spoke to them
depth back up
Yes and just had a buy go through which I was about to change and delayed trying to see depth. Damn
Is anyone else having trouble getting market depth right now on DB?
I am getting this error message
We're sorry but an error occurred when retrieving market depth for this instrument.
Please retry later or, if the problem persists, please contact us to report the problem.
Yes same problem.
yep, me too, although only recently, It may have been caused by too many punters keeping a wary eye on PLX
All good again.
I know it costs but why don't we get real time data on our watchlists. (using DB)
Its ridiculous. I get better real time data from a CFD provider who charges me heaps less per trade.
Yes, it is.
Just about everything about the DB site and data presentation I find diabolical. The only thing I like is the % of portfolio.
To get over the limitations, I mirror everything in Yahoo....now that Google is gone. What a drag. As an example...I can see my portfolio has gone up or down. Great. But what has contributed to the change ? So I maintain watch lists that mirror my portfolio. However these lists, while they show the change per share...do not show the change in my portfolio. I have to remember how many I have of each....hence the Yahoo...jeeze, what a performance. And then of course, the watch list/portfolio is not live. FFS ! Oh...and then the watch lists only hold a certain number of stocks, so I have to maintain multiple,
I have found the service from DB pretty good over the years, so am sticking with them for now. I am hopeful that they will update their software soon, but have given up holding my breath on this.
Very ugly.
The service from the brokers is excellent. Customer service on the whole is good although its been slow since lockdown in March.
The software however is antiquated. Trades will show up as incomplete orders or unfilled when I have seen them go through in the market depth and I know it's my trade because it will be an odd amount (eg due to dividend reinvestment). Often I can see it under my trades but it also shows in my outstanding orders.
Or, I will see other orders go through at the price I am bidding/asking but mine sits there unfilled. That may be because people are bidding higher than they are paying but I feel like the DB system is slow to communicate with NZX to process orders. It's very frustrating when you want to fill an order and it sits there all day but other trades go through for that price.
A nice lady contacted me....we had a good chat...and they assured me they are in the process of updating the SW.
Last time they offered to.....but I haven't gone back to them. Little point really.
But I do want them to know they are in danger of losing me as a customer.
They seemed to know their SW is dog tucker...ooops...Beagle and Snoops may take offence.
Gotta keep letting them know tho...the more the better.
Really sorry for interjecting the thread, I posted a new thread 'looking for a good online trading platform for NZX shares' yesterday. In the thread I shared my experiences with several brokers for both NZX (Direct Broking and Sharesies) & ASX (having good experience with Commsec), and hope someone could recommend a good one for NZX shares. I understand that as a first time poster (long time reader) my thread will go through a checking process, does anyone know how long this will take?
Many thanks.
Vivien
Is anyone else trialling the new DB system? On the face of it the website looks modern now. Not sure of how much better it is though.
im supposed to be using it , im sure others are to. mainly just checked that it works for all your stuff because they will probably close the other one down, if there is anything you use and dont have yet built in send your requests in.
There are a dozen or so functional things that make the current system better than the new one for trading but its getting sorted, should be workable by next year hopefully but not worried cause I like the current platform and the new one still does not have direct to market orders.
and no discounts for volumn trading , not surprising though, who wants to give discounts.
Another day of them being snowed under and not coping.
one should really have multiple platforms available.
- Latest Update - NZX have advised that there have been connectivity issues this morning. As a result the Main Board and Fonterra Shareholders Market will not open as per the usual time table. We will update you shortly.
Hey guys - I've recently been migrated from Direct Broking to Jarden Direct and executed my first Jarden buy this morning.
To my surprise, while buying IFT (NZX) - I was charged $0 brokerage.
Has anyone else experienced this?
Their site says nothing about it...
Has anyone been migrated to jarden direct yet?
I bought some infratil yesterday and I was charged $0 brokerage which surprised me.
Is anyone else experiencing this? I couldn't find anything in their pricing about free trades.
Is it just me or are people using Direct Broking via Chrome finding the refreshing painfully slow today ?
Hang again.....ahhh.. frustrating!
Everytime A2 drop like this , it gives problem , giving time for the insto's to scope up the goodies hahahah.
I seem to recall reading somewhere that they were offering an introductory brokerage-free trade. Would help stop people migrating to ASB securities.
Mind you both seem fairly hopeless - no app, no LSE or NYSE trades and a website interface that leaves a lot to be desired. Perhaps I need to try another browser in that regard?
not sure if this is the right thread - apologies if not!
I buy via sharesies. Access to market depth is $10 a month on sharesies. I know that other platforms provide something like six months free access to market depth information after a full-fee trade - something between $15 and $30 I think?
so, i'll probably start trading on another platform once every (6 months?), focusing on trades where the cost is similar between that platform and sharesies. But, even if it wasn't, a one off $15 fee every six months is cheaper than $60 every six months.
What's the best platform/option for this? direct broking is sounding like a dog in this thread...
I've no experience with Sharsies but have often wonder what are the risks to your portfolio if they go bust?
Jarden Direct are unbelievably bad when I compare them to Westpac Online investing (AU), which I also use. They have a whizz-bang app that's intuitive to use and full of good features. Ditto for their browser interface and free access to market depth and company research plus so much more. It makes the NZ equivalents look amateur to say the least!
Sharsies great for mum and dad ... but not a traders platform. if you invest and trade you will start on DB and then select a platform for euro investing platform if you dont live here all the time and want day time access in europe.
Quick question for the gurus here; I've been adding my DRP shares to DB via a manual "BONUS_ISSUE" entry. Is that the way it's done? I'm not really sure how the mechanism works but i'm bit suspicious that I wouldn't be able to sell these via DB as DB won't have any record of me holding them. Or do they confirm my holding with the applicable share registry before it goes to market?
you're all good mate
your portfolio record isnt what they care about. Your real holding is registered at the registry and DB should check that before placing your sell order
though of course if you do sell more than really you have they will ping you with costs and stuff... so you can confirm your own holding at the registry too.