Securities and exchange fees
All sell orders on US exchanges, regardless of the broker you use, incur the following fees. These fees will be shown on the contract note and be subtracted from your sale proceeds.
These fees are not charged by SelfWealth or Phillip Capital Pte but are governed by the US Securities and Exchange Commission.
| Securities and Exchange Commission (SEC) Fee* | 0.00221% on sell orders |
| Trading Activity Fee (TAF)* | Applicable only for sell trades at USD 0.000119 per share, subject to a maximum of USD 5.95. (With effect from 19th February 2020) |
Other Charges
Financial Transactions Tax (FTT)
Certain ASX- or US-listed stocks attract special charges, due to factors such as domiciled country or corporate structure.
International codes – please note that fees are charged at the time of order placement and are displayed as ‘other charges’ on the contract note (see attached)
URW – Aus code (fees are charged as per ‘current’ message below)
Brokerage
For each order that fills, you will be charged $9.50 USD brokerage.
- For a buy order, this will come out of the funds you are investing.
- For a sell order, this will come out of the funds you receive for selling.
Other people found these related articles helpful