FEES IN DETAIL
- Equity and Warrants Trading
- Exchange Traded Options
- Contracts For Difference
- One-Off Trading
- Non-trading related charges
Equity and Warrants Trading
At Trader Dealer you can choose between two exciting rates:
|ASX Shares & Warrants|
|Total Trade Size||Brokerage Rate (inc GST)|
|$0 to $18,000||Flat rate of $19.50|
|Up to $200,000||Flat rate of $33|
|$200,001 to $1 million||$33 plus 0.0275% above $200,000|
|Greater than $1 million||$253.00 plus 0.055% above $1M|
No additional fees are charged for automatic Stop Loss (contingent) orders.
There are several unique aspects to this commission structure that we believe makes trading through Trader Dealer more cost effective. Most brokers charge brokerage on a per order basis. Trader Dealer recognises that you may wish to spread your purchases and sales over a trading session, and we think this strategy should not be unduly impacted by cost considerations.
This is why Trader Dealer charges per confirmation issued to you, rather than per trade. Confirmations are issued at the end of the trading day for any transactions that occur. An individual confirmation is issued for a buy or a sell in an individual stock, and is issued irrespective of whether an order is deemed to be complete, i.e. you wished to purchase 1,000 shares and only 800 are completed.
If the balance of this order is filled the next day then a new confirmation would be issued for the purchase of the remaining 200 shares, i.e. in this situation two confirmations would be generated, thus resulting in two brokerage charges.
Multiple trades at up to 12 different price levels can be placed on one confirmation. Further trades at additional price lines will appear on a second confirmation, on which brokerage will also be charged.
Exchange Traded Options
Trader Dealer charges $0.242 (inc GST) per option or LEPO contract with a minimum brokerage of $26.40 (inc GST) for all transactions same side, same series, same day. Confirmations (trading statements) are issued at the end of a trading day.
Option exercise/assignment is charged at the same rate as an equity trade, where the total trade value is the option premium.
In addition to the above, all ASX/ACH fees incurred on your behalf will be charged to your account.
One-off trades cost $100 (+GST), or 0.5% (whichever is greater).
Non-Trading Related Charges
|Fail Fee (Buy)||$55 per day + corresponding penalty fees|
|Fail Fee (Sell)||Minimum $55 per day + corresponding penalty fees + ASX fees|
|Options Fail Fee||$55 per day + corresponding penalty fees|
|Penalty Fees||15% p.a. on all outstanding monies|
|Off Market Transfer||$55|
All prices listed above are GST inclusive.
All ASX charges incurred on your behalf will be charged to your account