i noticed The Market's Club page has a link to Hatch, the club membership includes this perk but the link on the page seems to work without any Club membership required.
Anyway not sure if this is considered a referral link (its not mine), somebody might want a free $35 instead of the common $10 offers these sites give.
Referrers and Referees get $10 NZD after referee signs up and makes an initial deposit of $100 or more
Nope but I've given this a go from this offer.
Chucked a hundred bucks in. If it does alright then I'll probably drop 10k or so in a years time. Needs to be at least 10% return for it to be worth my while, though. So worth at least $148.50 in twelve months.
Its just stocks so its dependent on what your invested in?
Yep, I already trade NZX/ASX shares via ASB. If I can't manage a worthwhile return then it's not worth my time managing multiple platforms.
Yes, great so far!
Caitlin is great on the web-chat too!
I've signed up which was easy and fast. Website looks pretty and easy to use.
However the commission really eats into the free $35 - (at current exhange rate) NZD $12.60 minimum for buying 1-399 shares, or if you want to buy a part share the cost is $4.70. Then take a further 0.5% off for currency conversion.
If you sell, then have to pay the fees again.
If you only want to invest the $135 NZD, might pay to invest in part shares only, as a round tip (buy & sell) will cost about $10 to execute instead of $25 for whole shares.
ASB Brokerage is $30NZD or $30AUD depending on your market.
By NZ standards those rates are low, the expectation is that your trades will be around 10k.
The part share brokerage is a bit weird, seeing as I'll only have $100 to play around with I'm better off buying 0.99 shares or less, than 1. Then again I imagine they just lump it with a full price trade and pocket the $3USD.
That's true. Many brokerages in the US are now commission-free; AU and NZ brokers have some way to go yet!
Can anyone share their experience with Hatch?