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What do you know about buying shares online?

Wednesday 23rd January 2002

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Q: Can you please tell me about online brokers? What are their names and addresses? How do I buy and sell shares on the internet? What are the costs? How safe is it? What are the secrets to becoming a successful share investor?

A: Most NZX Members have a website. To visit all of them go to Not all of them offer online trading. The ones that do are:

Broker Website Email address
Direct Broking
ASB Securities

Brokerage charges differ from broker to broker. Trading online is cheaper than conventional brokerage but there can be certain conditions you have to meet. Some broker's offer a flat rate no matter what the value of the trade. This can work out cheaper for large trades, but often not on small trades. Visit all the sites and compare the prices based on the level of trading you think you will be doing.

It is very safe to buy & sell shares online. All brokers have secure trading sites and as long as you keep your FIN & holder number safe, it is no different to ringing your broker and placing your order over the phone.

Everyone has different ways and secrets to make money on the share market. No two investors are alike. The more information you read, the more informed you will be. Timely, accurate information is vital.

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