Accounts & headline costs
Sections ↑ASB Securities is a New Zealand sharebroking service linked operationally to ASB settlement accounts but supplied by a separate securities company. The ordinary online tariff is value-banded rather than flat: NZ and Australian orders cost NZ$15 up to NZ$1,000, NZ$30 above NZ$1,000 through NZ$10,000, and 0.30% above NZ$10,000. International markets outside the online NZ/Australia route use telephone dealing and separate charges.[1][2][3]
Account comparison01
Account and service routes
| Route | Use | Key condition |
|---|---|---|
| Ordinary ASB Securities account | Self-directed NZX and ASX dealing online | Settlement uses an eligible linked account; brokerage follows the online value bands.Source 3Source 1Source 4 |
| Cash Management Account | Default cash settlement and portfolio cash handling | No monthly account fee; balances below NZ$50,000 currently earn 0%.Source 4Source 1 |
| Margin lending | Approved borrowing secured against eligible investments | Loan availability depends on assigned lending values and ongoing collateral.Source 6 |
| Nominee service | Custody and administration, including foreign-market holdings | Domestic margin holdings and foreign pooled custody use distinct structures.Source 7Source 2 |
Pricing & charges02
Online NZ and Australian brokerage
Broker essentials03
Opening economics
| Measure | Value | Context |
|---|---|---|
| Account fee | No ordinary ASB Securities account fee | Trading and requested services still carry charges.Source 1 |
| Cash account monthly fee | NZ$0 | Cash interest depends on the balance band and current rate.Source 4Source 1 |
| Online markets | New Zealand and Australia | Other major overseas markets use the published telephone route.Source 2 |
| Settlement | Market-specific cycle | The provider describes NZ/Australian settlement separately from bank withdrawal availability.Source 2 |
Products & platforms
Sections ↑Availability04
Investment routes
| Product | Access | Structural point |
|---|---|---|
| NZX and ASX shares/ETFs | Online dealing | Whole-security dealing through the supported market route.Source 2Source 3 |
| Major international shares | Telephone broker service | Separate brokerage, currency and custody conditions apply.Source 2Source 1 |
| Fixed interest | Broker-assisted access to eligible securities | Published minimum brokerage is NZ$35; instrument terms and yield matter.Source 1 |
| Margin-funded portfolio | Eligible securities support approved borrowing | A holding’s lending ratio can change; borrowing is not inherent in the securities account.Source 6 |
Platforms & products05
Platforms and portfolio administration
| Tool | Published capability | Boundary |
|---|---|---|
| ASB Securities online | Orders, holdings, cash and market information | Order acceptance and market data remain subject to market and account status.Source 3 |
| Cash Management Account access | Real-time transfers with eligible ASB accounts | Bank transfer speed does not accelerate securities settlement.Source 4 |
| Nominee statements | Monthly reporting and custody administration | Pooled foreign custody is not a personal overseas-register holding.Source 7 |
| Telephone broker | International and assisted dealing | Telephone pricing and service hours apply.Source 2Source 9 |
Fees & holding costs
Sections ↑Pricing & charges06
Selected trading and service costs
| Item | Published charge | Qualification |
|---|---|---|
| Online NZ/AU order <= NZ$1,000 | NZ$15 | Each eligible buy or sell.Source 1 |
| Online NZ/AU order > NZ$10,000 | 0.30% | Percentage brokerage.Source 1 |
| Fixed-interest trade | Minimum NZ$35 | Additional issuer/market economics remain.Source 1 |
| Nominee transfer or administration | Service-specific schedule | Use the current tariff for line, registration and custody events.Source 1Source 7 |
Pricing & charges07
Cash and currency costs
| Balance or service | Current published treatment | Interpretation |
|---|---|---|
| Cash Management Account below NZ$50,000 | 0% interest | A settlement balance is not automatically an interest-bearing savings product.Source 1Source 4 |
| Cash Management Account NZ$50,000+ | 0.25% annual rate under the cited tariff | Variable rate, not investment performance.Source 1 |
| Foreign market settlement | Relevant foreign-currency account or conversion | Spread/rate and account rules apply separately from brokerage.Source 2Source 11 |
| Margin loan | Variable borrowing rate and account terms | Interest accrues on drawn borrowing and collateral can be sold after a shortfall.Source 6 |
An NZ$5,000 online NZX order attracts NZ$30 brokerage, which is 0.60% of the order before spread and any tax. An NZ$20,000 order attracts 0.30%, or NZ$60. The tariff therefore does not decline smoothly at every size; compare the actual band.[1]
Execution & trading rules
Sections ↑Specifications08
Order instructions
| Instruction | Published operation | Trade-off |
|---|---|---|
| Market order | Seeks available market execution | Price can move between entry and fill.Source 5 |
| Limit order | Caps a buy price or sets a minimum sale price | May remain unfilled or partially fill.Source 5 |
| Target order | Conditional instruction monitored by the service | Triggering does not remove liquidity or market-gap risk.Source 5 |
| Outside-hours instruction | Queued for the next supported session | Queueing is not weekend or overnight execution.Source 8 |
Trading & service hours09
Published market hours in New Zealand time
| Market | Ordinary session | Boundary |
|---|---|---|
| NZX | 10:00–17:00 | Holiday and special-session changes can apply.Source 8 |
| ASX | 12:00–18:00 | New Zealand seasonal time relationship can change; use the live service clock.Source 8 |
| Other international markets | Telephone service and local-market hours | The online NZ/AU session table does not establish every foreign route.Source 2Source 9 |
Deposits, withdrawals & transfers
Sections ↑Transfer terms10
Cash and settlement route
| Stage | Published treatment | What it means |
|---|---|---|
| Default settlement account | Cash Management Account | Trades settle through the linked account unless another approved arrangement applies.Source 4Source 2 |
| Internal ASB transfer | Real-time between eligible ASB accounts | Securities sale proceeds can still be awaiting settlement.Source 4 |
| Reinvestment after sale | Sale proceeds can be available for another trade before bank withdrawal | Buying power and withdrawable bank cash are different.Source 2 |
| Foreign currency | Use the applicable currency balance or conversion | Conversion and foreign-custody processes can extend the route.Source 2Source 11 |
Reference table11
Custody and portfolio movements
| Situation | Published arrangement | Planning point |
|---|---|---|
| Domestic ordinary holding | Market/account registration under the service | Confirm holder name and transfer instructions before moving.Source 2 |
| Margin portfolio | ASB Nominees can hold collateral in a non-pooled arrangement | The lender’s security interest and release process matter.Source 7Source 6 |
| Foreign securities | BNY Mellon sub-custody in pooled omnibus accounts | Foreign issuer events and transfer timing flow through the chain.Source 7Source 2 |
| Outgoing transfer | Use the current securities-transfer and fee process | Cash withdrawal is not a substitute for an in-specie movement.Source 1Source 7 |
Protection & regulation
Sections ↑Essentials12
Legal service chain
| Measure | Value | Context |
|---|---|---|
| Broker | ASB Securities Limited | Provides the securities-dealing relationship.Source 2Source 3 |
| Bank / settlement | ASB Bank Limited | Provides linked cash and financing services under separate banking terms.Source 4Source 6 |
| Nominee | ASB Nominees Limited | Holds specified securities and administers custody arrangements.Source 7 |
| Authority context | New Zealand FMA and market-participant framework | A register or oversight relationship is not a guarantee of market value.Source 12Source 2 |
Protections & eligibility13
Protection and risk boundaries
| Area | Relevant arrangement | Not covered |
|---|---|---|
| Custody | Domestic and foreign holdings use the documented registration/custody chain | Issuer failure and price loss remain investment risks.Source 7Source 2 |
| Cash | Linked ASB account and currency arrangements | Brokerage cash and a security are not the same legal asset.Source 4Source 11 |
| Margin | Lending ratios and collateral controls | Loss can exceed unborrowed cash and force sales can occur.Source 6 |
| Complaint | Firm first, then appropriate independent service/regulator route | A complaint does not itself create compensation.Source 10Source 12 |
Opening an account & support
Sections ↑Process14
Application and service preparation
| Stage | What to establish | Reason |
|---|---|---|
| Identity and tax status | Complete the ASB Securities application and verification | Ownership and reporting must match the legal customer.Source 3 |
| Settlement account | Establish the approved cash arrangement | Orders require usable funds or approved margin.Source 4Source 6 |
| Market access | Confirm online NZ/AU versus telephone international route | Pricing and sessions differ.Source 2 |
| Complaint evidence | Keep order reference, statement, communication and requested remedy | The firm and external body need a defined dispute.Source 10 |
Published support and complaint routes
ASB SecuritiesTelephone
+64 9 448 8400Source 9
Scope Share trading, account and assisted-dealing support.
Hours Monday–Friday, 07:00–18:00 New Zealand time.
ASB contact and complaintsWebsite
FMA complaint guidanceWebsite
https://www.fma.govt.nz/consumer/getting-help/make-a-complaint/Source 12
Scope Regulatory guidance; not a substitute for the provider complaint and dispute scheme.
Additional services
Sections ↑Reference table15
Specialist services
| Service | What it adds | Boundary |
|---|---|---|
| Margin lending | Approved borrowing against eligible securities | Lending values and rates can change; collateral is at risk.Source 6 |
| Nominee service | Custody, corporate actions and reporting | The nominee structure changes administration, not market risk.Source 7 |
| International telephone dealing | Access to selected overseas markets | Higher/market-specific commission, FX and custody apply.Source 2Source 1 |
| Cash Management Account | Integrated settlement and transfers | Current low/zero interest bands can make idle cash economically different from a savings account.Source 4Source 1 |
Company background & evidence
Sections ↑The facts16
Research context
| Measure | Value | Context |
|---|---|---|
| Service focus | New Zealand self-directed securities brokerage | The profile does not cover every ASB banking or managed-investment service.Source 2 |
| Current tariff check | 15 October 2026 | Fees and cash rates are dated and can change.Source 1 |
| Custody evidence | ASB and BNY Mellon arrangements described by the provider | No independent asset-reconciliation or insolvency test was performed.Source 7 |
| Operational testing | Not performed | No live order, phone-dealing, margin, transfer or withdrawal experiment.Source 9 |
ASB Securities is best understood by separating the broker, the linked bank cash account and any nominee or margin arrangement. A customer can reinvest sale proceeds before they are withdrawable to a bank, and foreign holdings add a sub-custodian layer.[2][4][7]
- Headquarters
- Auckland, New Zealand
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
ASB Securities Limited
No separate licence entry is recorded in this panel.
ASB Bank Limited
No separate licence entry is recorded in this panel.
ASB Nominees Limited
New ZealandSource 7
No separate licence entry is recorded in this panel.
Additional Information
Sections ↑Reference table17
Checks before an order or transfer
| Check | Why it matters |
|---|---|
| Order value | The brokerage band can change abruptly.Source 1 |
| Market and order channel | Online NZ/AU and telephone international routes differ.Source 2 |
| Cash status | Buying power can precede bank-withdrawable settlement.Source 2Source 4 |
| Custody route | Domestic, margin and foreign holdings can use different structures.Source 7 |
| Borrowing | Margin approval and lending ratio are separate from owning the security.Source 6 |
This is a neutral reference to the documented service. It does not recommend ASB Securities or imply first-hand execution, transfer, custody or support testing.
Sources & further reading
- ASB Securities rates, brokerage, cash and administration fees ASB · Accessed 15 Oct 2026
- Share markets, settlement, foreign custody and telephone dealing ASB · Accessed 15 Oct 2026
- Online share trading features and current account route ASB · Accessed 15 Oct 2026
- Cash Management Account: settlement, transfers and statements ASB · Accessed 15 Oct 2026
- Market, limit and target orders ASB · Accessed 15 Oct 2026
- ASB margin lending and security lending ratios ASB · Accessed 15 Oct 2026
- ASB Nominees and foreign sub-custody service ASB · Accessed 15 Oct 2026
- NZX and ASX trading hours and outside-session queuing ASB · Accessed 15 Oct 2026
- ASB Securities contact and service hours ASB · Accessed 15 Oct 2026
- ASB complaint escalation and external routes ASB · Accessed 15 Oct 2026
- Foreign currency account rates and fees ASB · Accessed 15 Oct 2026
- FMA provider and complaint guidance Financial Markets Authority New Zealand · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.