When placing an ASX order, you may notice that an estimated brokerage fee of $9.50 is displayed as part of the quote, even if you have free trades available. This is expected and does not necessarily mean you will be charged.
Why is the brokerage fee still showing?
Brokerage is only charged at the time your order is filled, not when it is placed. If you have multiple orders in the market at the same time, a free trade will be applied to whichever order fills first. Selfwealth cannot determine in advance which order will fill first, therefore, the standard brokerage fee of $9.50 is on all order quotes by default.
If your free trade is available when your order fills, it will be applied automatically at that point.
Want to know more about how free trades are applied?
For further information on how free trades work, please visit this article: How to use free trades?