FEES IN DETAIL
- Equity and Warrants Trading
- Exchange Traded Options
- Contracts For Difference
- 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) |
| Standard Rate | |
| $0 to $18,000 | Flat rate of $19.50 |
| $18,001+ | 0.11% |
| ProTrader Rate | |
| 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 $2.42 (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.
Contracts for Difference (CFDs)
Trader Dealer recently introduced Block Rate Trading to the Australian CFD market, reaffirming our status as the best value online broker around. With Block Rate Trading, CFD traders are charged a flat rate rather than a sliding scale for trades up to $100,000. This represents great value for CFD traders.
But that's not all - to align with Trader Dealer's existing pricing structure, you can trade CFDs as many times as you like, in the one stock, on the one side of the market on the same day and we'll book it as just one trade, with one lot of brokerage. Check our Splitting Orders page to find our more about how spreading your trades across the day can save you brokerage.
There are two pricing options for CFD traders:
CFD Pricing Option 1: Block Rate Trading
| Australian Share CFDs | |
|---|---|
| For trades up to $40,000 | $33 |
| For trades from $40,001 to $50,000 | $44 |
| For trades from $50,001 to $100,000 | $66 |
| For trades greater than $100,000 | 0.08% |
CFD Pricing Option 2: Variable Rate Trading
Traders have the option of selecting variable rate pricing. A standard rate of 0.10% with a $10 minimum will apply per trade.
Please note: only one pricing schedule is available per account
International Markets
| International Share CFDs | |
|---|---|
| US | 3 cents per share USD $25 min charge |
| UK | 0.10% £20 min charge |
| Europe | 0.10% €20 min charge |
| New Zealand | 0.20% $NZ20 min charge |
| Japan | 0.15% JPY ¥1500 min charge |
| Singapore | 0.15% SG $15 min charge |
| Hong Kong | 0.30% HK $65 min charge |
Non-Trading Related Charges
| Item | 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 |
| SRN Enquiry | $27.50 |
| Rebooking Fee | $33 |
| Off Market Transfer | $55 |
All prices listed above are GST inclusive.
All ASX charges incurred on your behalf will be charged to your account
