Australian share trading
CommSec Share Packs
Aegis Research
ASX CFDs
Over-the-counter CFDs
International securities
Exchange-Traded Options
Professional Trader
CommSec SMSF Manager
Conditional Trading
Short Selling
Other fees and charges
Australian share trading
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Trade Execution
|
Minimum
|
Above Minimum (flat)
|
|
Share trades Internet Preferred1
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$19.95 up to $10,000 transaction value
|
$29.95 (up to $25,000) 0.12% (above $25,000)
|
| Share trades over the Internet
|
$29.95 up to $10,000 transaction value
|
0.31% (above $10,000)
|
| Share trades over the phone or through our Share Shop including CommSec and Colonial Margin Lending trades
|
$54.60 up to $10,000 transaction value
|
0.54% (up to $15,000) 0.45% (up to $80,000) 0.40% (up to $1m) 0.11% (above $1m)
|
| VoiceBroker
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$39.90 up to $10,000 transaction value
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0.40% (above $10,000)
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| Trades requiring settlement through a third party
|
$81.90 up to $15,000 transaction value
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0.54% (above $15,000)
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| One-off trades
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$66.00 up to $10,000 transaction value
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0.66% (above $10,000)
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| Deceased estates
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$81.90 up to $15,000 transaction value
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0.54% (above $15,000)
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1 To be eligible for Internet Preferred trading, you must be CHESS sponsored by CommSec and settle your trades through a Commonwealth Direct Investment Account (CDIA) or a CommSec or Colonial Margin Loan.
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CommSec Share Packs
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CommSec Share Packs over the internet
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$66 per pack of 6 shares
|
|
CommSec Share Packs over the telephone
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$181.50 per pack of 6 shares
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Aegis Research
| Annual Subscription
|
$499 pa
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ASX CFDs
ASX Australian Equity and Index CFDs
|
Currency |
Minimum |
Percentage |
| Internet trades |
AUD |
14.95 |
0.11 |
| Telephone trades |
AUD |
54.60 |
0.22 |
| Internet trades |
AUD/S&P/ASX200 |
14.95 |
0.055 |
| Telephone trades |
AUD/S&P/ASX200 |
54.60 |
0.11 |
ASX Index CFDs
|
Index |
Currency |
Percentage |
| Internet trades |
Dow Jones Industrial Average |
USD |
0.055 |
| NASDAQ |
USD |
0.055 |
| FTSE UK |
GBP |
0.055 |
| DAX |
EUR |
0.055 |
| DJ Euro Stoxx |
EUR |
0.055 |
| Telephone trades |
Dow Jones Industrial Average |
USD |
0.11 |
| NASDAQ |
USD |
0.11 |
| FTSE UK |
GBP |
0.11 |
| DAX |
EUR |
0.11 |
| DJ Euro Stoxx |
EUR |
0.11 |
ASX Commodity CFDs
|
Commodities |
Currency |
Percentage |
| Internet trades |
Gold |
USD |
0.055 |
| Oil |
USD |
0.055 |
| Telephone trades |
Gold |
USD |
0.11 |
| Oil |
USD |
0.11 |
ASX FX CFDs
|
Currency pair |
Currency |
Percentage |
| Internet trades |
AUD/USD |
USD |
0.055 |
| AUD/NZD |
NZD |
0.055 |
| AUD/EUR |
EUR |
0.055 |
| NZD/JPY |
JPY |
0.055 |
| AUD/JPY |
JPY |
0.055 |
| EUR/USD |
USD |
0.055 |
| USD/JPY |
JPY |
0.055 |
| NZD/USD |
USD |
0.055 |
| Telephone trades |
AUD/USD |
USD |
0.11 |
| AUD/NZD |
NZD |
0.11 |
| AUD/EUR |
EUR |
0.11 |
| NZD/JPY |
JPY |
0.11 |
| AUD/JPY |
JPY |
0.11 |
| EUR/USD |
USD |
0.11 |
| USD/JPY |
JPY |
0.11 |
| NZD/USD |
USD |
0.11 |
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Over-the-counter CFDs
Fees
| AUD-denominated trades |
| |
Brokerage payable on opening and on closing an OTC CFD |
Example |
| Non-advised |
| Internet trades |
0.125% of the Contract Value of the OTC CFD, subject to a minimum of AUD14.95. |
Where the Closing Value is AUD100,000 when you close your OTC CFD position, the brokerage payable on close will be AUD125.00. |
| Telephone trades |
0.25% of the Contract Value of the OTC CFD, subject to a minimum of AUD54.60. |
Where you enter into an OTC CFD with an Open Contract Value of AUD 100,000, the brokerage payable when you enter into the OTC CFD will be AUD250.00. |
| Advised |
| |
Not more than 0.35% of the Contract Value, subject to a minimum of AUD70. |
You agree with your advisor that the brokerage rate on your OTC CFD account will be 0.25% and you enter into an OTC CFD with an Open Contract Value of AUD100,000. The brokerage payable when you enter will be AUD250.00. |
| Non-AUD trades |
| |
Brokerage payable on opening and on closing an OTC CFD |
| Non-advised |
Internet |
Phone |
| Japan |
0.14% of the Contract Value of the OTC CFD, subject to a minimum of JPY1500. |
0.25% of the Contract Value of the OTC CFD, subject to a minimum of JPY3000. |
| Singapore |
0.14% of the Contract Value of the OTC CFD, subject to a minimum of SGD19.95. |
0.25% of the Contract Value of the OTC CFD, subject to a minimum of SGD39.90. |
| New Zealand |
0.185% of the Contract Value of the OTC CFD, subject to a minimum of NZD19.95 |
0.25% of the Contract Value of the OTC CFD, subject to a minimum of NZD39.90. |
| Hong Kong |
0.25% of the Contract Value of the OTC CFD, subject to a minimum of HKD90.00. |
0.30% of the Contract Value of the OTC CFD, subject to a minimum of HKD120.00. |
| New markets |
For new international markets that CommSec makes available, the rate at
which brokerage is charged will be advised to you at the time of trading but will not be more than:
> Internet trades: 1.00% of the Contract Value of the OTC CFD,
subject to a minimum of USD100.00.
> Telephone trades: 1.50% of the Contract Value of the OTC CFD,
subject to a minimum of USD100.00.
|
| Advised |
|
Not more than 2.00% of the Contract Value, subject to a minimum of USD100.00. |
Some international markets have trading charges. CommSec will pay local market trading charges on your behalf where they are applicable. |
| International Markets |
| For international markets that you nominate to receive data on the following charges (including GST) will be incurred in the nominated currency, but charged against your account in AUD equivalent. These fees are payable even if you do not log on to the electronic trading platform during the month. |
| Exchange fees |
| Country |
Exchange |
Exchange fees |
Currency |
Period |
| Japan – Tokyo |
TSE |
2310 |
JPY |
per month |
| Japan – Osaka |
OSE |
1155 |
JPY |
per month |
| Hong Kong |
HKSE |
231 |
HKD |
per month |
| Singapore |
SGSE |
51.98 |
SGD |
per month |
| New Zealand |
NZX Access Fee |
27.50 |
AUD |
per month |
| New Zealand |
NZX |
82.50 |
NZD |
per month |
| Reuters charges |
| Number of exchanges |
Market data cost |
Currency |
Period |
| 1-2 |
11.00 |
USD |
per month |
| 3-5 |
16.50 |
USD |
per month |
| 6-10 |
22.00 |
USD |
per month |
| Trading Platform |
| Software fee |
A royalty and software fee charged for clients who use our trading platform at a maximum of AUD$40.70 per month (inc. GST). |
| Platform data fee |
An ASX royalty fee charged at 2.53 cents per minute between 9.30 am and 5.00 pm on weekdays, up to a maximum of AUD$41.25 per month (inc. GST) for live ASX equity prices. |
1Only the software fee is charged if eight or more confirmations are generated for the month. No software fee or data fee is charged if 16 or more contracts are generated for the month. No fees are payable if you elect not to log on to the trading platform during the month.
Interest
| Debit account balances
|
You pay interest at the RBA Base Rate plus 3% pa
|
| Credit account balances
|
You receive interest at the RBA Base Rate minus 3% pa
|
| Open long positions
|
You pay interest at the RBA Base Rate plus 3% pa
|
| Open short positions
|
You receive interest at the RBA Base Rate 3% pa
|
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International securities
Brokerage - Please note effective 4 September 2006
Leading global exchanges
|
Region
|
Markets
|
Brokerage
|
|
North America
|
New York Stock Exchange
NASDAQ
American Stock Exchange
Includes equities, foreign denominated bonds, managed funds and Options
|
USD$65 or 0.75%, whichever is greater1
Additional brokerage of USD$1.09 per contract applies to US Option trades.
|
| Canada
|
Additional fee of CAD$0.015 per share |
| Asia |
Japan
Hong Kong
|
|
|
United Kingdom2
|
London Stock Exchange
|
Other markets
|
Region
|
Markets
|
Brokerage
|
|
Asia-Pacific
|
Indonesia
New Zealand
Philippines
Singapore
Thailand
|
USD$130 or 1%, whichever is greater1
|
| Europe and Middle East |
Austria
Belgium
Denmark
Finland
France
Germany
Ireland
Israel
Italy
Luxembourg
The Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
|
| South America |
Argentina |
1 For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for the total portion executed per day. Brokerage charges may be converted and applied in the local currency. This may result in variances in the US dollar equivalent brokerage being applied.
2 A stamp duty of 50 basis points may apply to buy trades executed on the London Stock Exchange.
The provision of services in all markets is subject to prior approval by CommSec. The available markets may be varied at any time without notice.
Please call the Commsec International Desk on 1300 361 170, open 24 hours a day on US trading days if you wish to discuss or trade your certificates.
Fees
Exchange fees and other regulatory fees also apply. Exchange fees may be different for each exchange you trade on.
|
Custody fee for inactive accounts1
|
USD$65 per year
|
|
Outgoing account transfers to either another custodian or direct registration to
client.
|
USD$100 per transfer
|
|
Foreign Securities Custody Fee
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USD$2 per non-US holding of security per month, per account
|
1 Custody fees are assessed to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of USD$100 or more. Systematic reinvestment activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. However dividend reinvestment activity is not considered as a trade.
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Exchange-Traded Options
|
Trade Execution
|
Minimum
|
Above Minimum (flat)
|
|
Exchange traded options1 over the phone (also charged upon exercise or
assignment of the option)
|
$54.60 up to $10,000 in premium
|
0.54% (above $10,000)
|
|
Exchange traded options1 over the Internet (also charged upon exercise
or assignment of the option)
|
$34.95 up to $10,000 in premium
|
0.35% (above $10,000)
|
1 There is also an Australian Clearing House fee of $1.12 per share option contract (open or close) and $0.55 per option contract (exercise and assignment). There is a fee of $0.39 per index option (open, close, exercise and assignment).
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Professional Trader
|
Free subscription
|
If you maintain one of these levels of trading, you are eligible for a free subscription:
- Professional Trader Gold: 15–44 trades per quarter
- Professional Trader Platinum: 45 or more trades per quarter, or one or more options trades per quarter
|
|
Paid subscription
|
$82.50 per month
|
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CommSec SMSF Manager
Our standard fees shown are shown in the table below. Other fees and charges for additional services may also apply, together with other operational charges.
Please refer to the CommSec SMSF Manager brochure for a complete list and explanation of all fees.
| Fee |
Amount* |
| Establishment Fee |
$550 |
| Administration Fee |
$1,430 pa |
Pension Fee
Additional fee (if more than four pensions are being paid, this additional fee will be charged per extra pension). |
$330
$110
|
| Property Fee |
$330(per property) |
| Additional Asset Fee |
$132(per asset) |
* Fees include GST, expect where otherwise stated. All fees are deducted by direct debit from your fund’s nominated cash account.
This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. The CommSec SMSF Manager service is provided by the Commonwealth Bank of Australia and administered by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (“CommSec”). You should consider the brochure in deciding whether to utilise the CommSec SMSF Manager service. CommSec is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia and a Participating Organisation of the ASX.
You should seek professional financial advice before establishing a Self managed Superannuation Fund.
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Conditional Trading
|
Trade Execution
|
Minimum
|
Above Minimum (flat)
|
|
‘Up front’ Conditional Orders1
|
$9.95 up to $40,000 transaction value
|
0.099% (above $40,000)
|
|
‘On execution’ Conditional Orders1
|
$14.95 up to $40,000 transaction value
|
0.12% (above $40,000)
|
1 This fee is charged in addition to the standard brokerage.
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Short Selling
| Fee
|
Amount
|
When charged
|
|
Day Short Sell fee
|
Trades up to $25,000: $9.95
|
Added to standard brokerage
|
| Trades more than $25,000: 0.04%
|
|
Term Short Sell fee
|
Trades up to $25,000: $14.95
|
Added to standard brokerage on partial execution of Term Short Open or CommSec-generated close
|
| Trades more than $25,000 (minimum): 0.06%
|
Added to standard brokerage on execution of Term Short Open or CommSec-generated close
|
| Fail fee
|
$54 per day or 0.1%, whichever is greater
|
Charged for executed Open and Close orders that do not balance
|
| Late settlement fee
|
$54 per day
|
Charged if the executed Open and Close orders do not settle on T+3
|
| Dishonour fee
|
$30
|
Charged if a cheque is dishonoured or a direct debit is rejected
|
| Margin lending Transaction fee
|
$10
|
Charged for each security transaction or withdrawal from loan account
|
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Other fees and charges
CommSec tries to keep all fees and charges to an absolute minimum. However sometimes we need to cover one-off costs to make sure that our everyday charges remain low. These fees apply in addition to brokerage.
|
Fail fee – Buy or option
|
$54.00 per day
|
|
Fail fee – Sell
|
$54.00 per day or 0.1%, whichever is greater
|
|
SRN query, rebooking fee
|
$25.00
|
|
Invalid or rejected SRN fee
|
$54.00
|
| Off market transfer fee
|
$54.00 per transfer
|
| Copy of off market transfer record Request less than 6 months old
|
$10.00 per request
|
| Copy of off market transfer record Request more than 6 months old
|
$80.00 per request
|
| Dishonoured cheque fee, rejected direct debit fee
|
$54.00
|
| Rejected direct credit fee
|
$25.00
|
| Payment trace fee
|
$25.00
|
| Early settlement fee – Sell1
|
$54.00 minimum
|
| Late settlement fee – Buy
|
$54.00 per day
|
| Third party registration fee, third party trade fee
|
$54.00
|
| Deceased estate share transfer to beneficiary
|
$55.00 per stock per beneficiary
|
| Reprinting and postage of one-off trade Confirmation Contract Note
|
$10.00 per Note
|
| Reprinting and postage of account statements
|
$10.00 per statement
|
| Reprinting and postage of CHESS statement
|
$16.50 per stock
|
| Printing and postage of Internet trade Confirmation Contract Note
|
$1.95
|
| Cheque payment fee
|
$2.00
|
1 Or charged at the Commonwealth Bank of Australia Overdraft Reference Rate for the number of days settled early.
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