Forum Archive Index - March 2000

[Mike Nelson <bb2345@pop.ihug.co.nz>]

I have just opened an e-trade ac in Aussie. Took at least a month since the
initial application. I was not impressed.

I understand that ASB Securities have an Aussie trading facility and as
they are based here would imagine that would be a quicker way to go. Also
the money transfer side of it would probably be more streamlined. Just a
thought.

MN



At 11:37 AM 16/03/00 +1300, you wrote:
>I know this has been discussed before but perhaps somebody could give me
>some advice.
>
>I recently opened an account with E*Trade UK.  The procedure was a saga
>which I would be pleased to elaborate upon if anybody is interested. The
>process took about two weeks longer than it should have done and was very
>stressful as I had a large sum (for me) in shares which was being
>transferred to their nominee and disappeared in cyberspace for a while. To
>be fair to E*Trade I believe that the problem was caused more by my UK bank
>than by them although they do admit that their system is under pressure due
>to the huge number of new accounts they are opening every month.. It all
>worked out well in the end as the shares that I wanted to sell went up in
>value by $20k in the meantime but it could have easily gone the other way
>and I would not have been a happy camper.
>
>I now want to open on line accounts in both Oz and the US. I know that there
>are a heap of choices out there and I wondered if anyone has had any
>experiences, particularly bad ones, which may be of assistance. I was
>looking at Datek in the US (courtesy of Ben) and perhaps NAB in OZ. Or maybe
>there are some sites with comparisons of the various on line brokers.
>
>Cheers
>Mike H
>
>
>
>
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