EBROKING is a Share Trading Platform established by ESUPERFUND and is offered exclusively to ESUPERFUND Clients to trade for their SMSF.
Trade Australian and US Shares
ESUPERFUND clients are only permitted to invest in the US Market with EBROKING and cannot trade in other International Markets. This is due the complexity involved in accessing the required data in the format required relation to trading activities, corporate actions, dividends and currency movements. We understand that whilst data may be provided, the data must be checked, reconciled and inputted. In many cases trades are settled in different currencies which need to manually converted to Australian dollars and reconciled. In addition in many cases research is required to determine the taxation implications of transactions in particular with regards to Corporate Actions and Dividends. This additional manual work is outside the scope of our low cost model offering.
Trade conveniently on one Platform
The EBROKING Platform allows clients to trade International Shares (US Market only) in addition to Australian Shares conveniently on one Platform, allowing your SMSF to build a diverse share portfolio of local and overseas shares. Globalisation has opened up international markets, meaning that it's now possible to trade on instruments in regions and economies that may be outperforming local Markets due to factors like a weakening stock market or national downturn.
Settling Trades - Linked Bank Account
When you establish an EBROKING Account, ESUPERFUND will also establish an ANZ V2 Plus Account for your SMSF which will be used to settle trades for your SMSF. The EBROKING and ANZ V2 Plus Accounts will automatically be linked to each other. Australian and International Share Trades will be settled from the linked ANZ V2 Plus Account.
At the end of each financial year, EBROKING will send ESUPERFUND an annual data file of all your SMSF Trades and Transactions. This enables our office to attend to your SMSF's annual compliance obligations. No records are required from you each year as we already have access to the data. It is important to understand that only electronic data files are provided to ESUPERFUND. As detailed above we have absolutely no access to your Trading Platform and cannot actually login to your Trading Account to access the required data.
Only you can transact and access the EBROKING Platform
Importantly ESUPERFUND has absolutely no ability to enter or transact on the EBROKING Platform. Only you as the SMSF Trustee can login and transact on this Platform.
EBROKING allows you to access comprehensive fundamental and quantitative analysis on a stock-level from Morningstar, theScreenr and sector analysis giving you the information you need to assess your next investment.
Live Market Data
EBROKING allows you to access live streaming data for US exchanges and get live news feeds to stay up to date with the latest breaking financial news.
The EBROKING Platform allows you to save Australian and International stocks (US Market only) in the same watchlist from which you can review stocks of interest.
It is important to understand that when you purchase International Shares with EBROKING, the Shares are not CHESS Sponsored. This means that your SMSF may not be the actual legal owner of the Shares. This may expose your SMSF to additional risk in the event that EBROKING ceases to trade or becomes insolvent. In this event your SMSF will rank as an unsecured creditor meaning that you may not recoup the full value of your Investment with the Broker. We suggest that you seek independent advice or discuss these additional risks directly with EBROKING prior to establishing an account with them.
Who holds the International Shares
International US Shares are held on your behalf by CMC Markets Stockbroking’s appointed sub-custodians, BNP Paribas, New York.
Brokerage Fees and Other Charges
Fees and Charges to trade International Shares (US Market) with EBROKING are detailed here.
Exchange Rate and FX Buffer
The exchange rate for International Share trades (US Market) is calculated at the time of the trade execution and is based on the best available bid/offer exchange rates, plus a spread of just 0.60%.
When "buying" International Shares (US Market), a 2% FX buffer is added to the trade value at the time the order is placed. This ensures you have sufficient funds in your account to cover any foreign exchange fluctuations between the time your order is 'placed' and when it is 'filled' on the US Market. The FX conversion rate is determined as the order fills on the overseas stock exchange in real-time.
The FX buffer is not an additional fee and acts as a cushion against currency movements ensuring there are sufficient available funds in your account to fill your order. Any excess buffer will be unlocked on the execution or cancellation of that order. That is, when your order fills, excess funds are automatically added back to your 'available funds' value on the platform. Please note that "Buffer" funds are not withdrawn from your settlement account, but only locked in the 'available funds' calculation until your order has filled. The buffer only applies to 'buy' orders.
Jane submits an order to buy US$1,000 of US shares at 10:30 am Sydney time.
At the time she places her order the exchange rate is 1.489 and the US market is closed. The estimated AUD value of the order is $1,489.00 + $19.95 brokerage = AUD $1,508.95.
The trading platform applies a buffer of AUD 30.17 (2%) to the order as protection against exchange rate fluctuations.
By the time the US market opens the exchange rate has moved to 1.481 and the order is submitted and executed immediately. The AUD value of the order at execution is $AUD1,481 + $AUD 19.95 = $AUD 1,500.95.
The buffer is now released from Jane’s Available to Trade value on the trading platform.
EBROKING Account Queries
If you have any queries about your EBROKING Share Trading Account please contact EBROKING directly on 1300 799 880. This is a dedicated number for ESUPERFUND clients giving you priority service. Please do not contact ESUPERFUND directly in relation to queries about your EBROKING Account as unfortunately we will be unable to assist you with your queries. Alternatively, you can email EBROKING here.
To login to the EBROKING Platform click here.
We suggest that you carefully read all Disclosures provided by EBROKING prior to establishing a Trading Account.
If you have already established an EBROKING Account you are ready to trade International Shares and can do so by logging into your EBROKING Account here.
No financial product advice or recommendation
No Advice Express or Implied: It is important to understand that ESUPERFUND has not taken into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies in relation to the EBROKING Share Trading Account. ESUPERFUND does not advise or recommend that this product is suitable to a particular investor’s financial requirements or needs in relation to their SMSF. Any information provided in relation to the EBROKING Share Trading Account is factual information only about the operation of the account and how data is made available to ESUPERFUND. Accordingly you should read the disclosures relating to the EBROKING Share Trading Account before making any decision about whether the EBROKING Share Trading Account is suitable for your SMSF needs. We also recommend that you should seek professional advice from a financial adviser before making any decision to use the EBROKING Share Trading Account for your SMSF.