I use a 2 Direct Broking accounts, one for long term investments in my name and one for trading (the latter in the name of a separate registered company- mine that is ), both ASX only (the NZX is a bit quiet ! ). Au$29 per trade on the ASX, however at the moment you can't put in stop losses or trailing stop loses if trading (which has cost me). They are changing to E*Trade from JDV in August so this disadvantage will be eliminated. I use a Macquarie forex account for aust funds otherwise one gets done over on the conversions back and forwards if trading regularly. I would suggest anyone interested in Direct Broking, applies for the call account as well as their std account and if interested in ASX then the E*Trade CHESS application, but if trading more than occasionally, then a linked forex account is essential. Support seems pretty reasonable by phone and you are not limited to the amount you can buy by the funds in your account - T+3 to cough up the difference. Some of the Aussie and UK accounts seem a bit tighter for credit on hearsay. My brother uses the National bank for share broking, but they use Direct Broking too.
