US Market Internet Brokerage Rates for EBROKING are detailed below
|Internet Trade Value
|$0 - $5,000
|Over $5,000 up to $10,000
International US Shares are held on your behalf by CMC Markets Stockbroking’s appointed sub-custodians, BNP Paribas, New York. A custody fee applied for:
- Holding your International Shares (US Market) and maintaining a consolidated international portfolio on your behalf
- Issuing distributions that result from mandatory corporate action events for your shares (such as dividends and bonus issues); and
- Providing statements that reflect these events
A fee of 0.50% p.a. is applied monthly based on your foreign asset holdings value excluding cash. This fee is waived if the account has placed a trade on International Securities in the previous 12 months.
||Fees & Charges (Including GST)
|Electronic transfer (in)
||$20 per holding
|Physical transfer (in)
||$50 per holding
||$100 per holding
||0.50% p.a. minimum $10
||Displayed on platform
||Up to 0.60%
|"Account documentation fee(applied to relevant accounts that have not supplied a W-8 or W-9 form."
|US Markets SEC fee
||0.00231% on sell Orders
||Displayed on the platform if applicable
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 Please note that "Buffer" funds are not withdrawn from your settlement account, but only locked in the 'available funds' calculation until your order has filled.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.
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.