No wounded bulls
We’re big on helping you squeeze the most out of your hard earned dollars. This section explains exactly how. It covers:
It is not just what we charge, but HOW we charge it that is important. To fully appreciate our unique pricing approach, please take a look at our information on Splitting Orders.
Equity and Warrants Trading
Using Trader Dealer’s WebIRESS trading platform, you are able to trade for a flat fee of $33 (inc GST) for trades up to $200,000 per confirmation.
| Total Trade Size | Brokerage (inc GST) |
|---|---|
| $10,000 | $33.00 |
| $100,000 | $33.00 |
| $200,000 | $33.00 |
| $300,000 | $60.50 |
| $500,000 | $115.50 |
| $1,000,000 | $253.00 |
| $1,500,000 | $528.00 |
No additional fees are charged for automatic Stop Loss (contingent) orders - these are priced exactly the same as a normal live order.
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 feels that a decision to do this should not be unduly impacted by cost considerations.
In order to achieve this goal, Trader Dealer charges per confirmation issued to you.
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 of $33.
Multiple trades at up to 12 different price levels and $200,000 in total value 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. Here's an example.
| Total Trade Size | Brokerage Rate (inc GST) |
|---|---|
| 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 |
Trader Dealer offers all investors the same low brokerage fee.
Exchange Traded Options
Trader Dealer charges $2.42 (incl GST) per option or LEPO contract with a minimum brokerage of $26.40 (incl 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.
WebIRESS Software and Data Fee
Trader Dealer’s WebIRESS platform is a premium software product that enables you to place trades in real time on the Australian Stock Exchange. Designed as an integrated product, it provides the user with the full support of comprehensive, dynamic and live streaming ASX data. Historical ASX data is also available on the platform.
For those clients who login to the WebIRESS platform during any calendar month, a Software and Data fee is charged. The fee relates to the royalty payments made to our software supplier (IRESS Market Technology) and live data provider (the Australian Stock Exchange).
- Software Fee: Fixed at $66 (inc GST)
- Data Fee: This is a royalty charged by the ASX for viewing live price data. The fee is charged at the rate of 2.53 cents (inc GST) per minute during the hours of 9:30am to 5:00pm weekdays.
- This fee is capped at $41.25 (inc GST) per month for both live ASX and options market prices. A screen saver is activated after 5 minutes to help clients reduce their Data Fee.
No fees are payable if a client elects not to log on to the WebIRESS software during a calendar month.
To reward customer loyalty, Trader Dealer provides certain fee concessions:
- No software fee is charged if 12 or more contract notes are generated for the month
- No software or data fee is charged if 20 or more contract notes generated for the month
WebIRESS Software and Data Fee Matrix
To help clients understand how the software and data fee is calculated the following examples are provided:
| Light User | Medium User | Heavy User | |
|---|---|---|---|
| Time logged in | 10 mins per day, twice a week | 30 mins per day, 3 times a week | 6 hours every day |
| Software Fee (inc GST) | $66.00 | $66.00 | $66.00 |
| Data Fee (inc GST) |
$2.50 | $10.50 | $41.25 |
| Approx. Total Monthly Fee | $68.50 | $76.50 | $107.25 |
Bourse Web Trader Fees
An alternative to WebIress, Bourse Web Trader is a comprehensive web browser based research and trading platform. As well as live or delayed securities price data, Bourse Web Trader incorporates extensive company financial data, financial performance ratios and analyst forecasts to help you make better decisions from as little as $6.60 inc GST per month.
- Software Fee: Fixed $6.60 inc GST per month every month (including any part of the first and last month).
- Bourse Trade Fee: $11.00 inc GST per month, only if accessed in a calendar month. If Bourse Trade is not accessed, the Bourse Trade fee does not apply.
- Data and Content Fees: Certain content is charged Credits on a pay-per-view basis as listed below. Usage Credits are priced at $0.011 inc GST. Bourse Web Trader provides a tool to allow you to monitor your Credit usage.
| Item | Cost in Credits |
|---|---|
| Single live quote | 2 |
| Screen of live market depth | 5 |
| Watchlist Manager with live pricing data | 5 |
| Portfolio Manager with live pricing data | 5 |
| Live Company Announcement in PDF format | 30 |
| Any AAP or RWE News Item | 30 |
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 |
| SRN Enquiry | $22 |
| Rebooking Fee | $33 |
| Off Market Transfer | $55 |
All above are GST inclusive.
All ASX charges incurred on your behalf will be charged to your account.
