ASX Trading
You will only ever pay AUD$9.50 when an order on the ASX fills, or partially fills then expires.
- 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.
If you have free trades in your account, they will be used first.
US Trading
For each order that fills, you will be charged USD$9.50.
- 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.
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.
| Securities and Exchange Commission (SEC) Fee | 0.00229% on sell orders |
| Trading Activity Fee (TAF) | Applicable only for sell trades at USD$0.00013 per share, subject to a maximum of USD$6.49. |
Hong Kong Trading
For each order that fills, you will be charged HK$88 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.
Each time a trade is completed on the Hong Kong Exchange, each counterparty needs to pay a set of small fees charged by the exchange. These fees will be shown on the contract note and will be subtracted from your sale proceeds. All fees are shown in Hong Kong Dollars below:
| Charge | Percentage (%) of Total | Notes |
| Stamp Duty | 0.13% | Rounded up to nearest dollar |
| Transaction Levy | 0.0027% | Charged to each side of the consideration by the Securities and Futures Commission (SFC) |
| FRC Transaction Levy | 0.00015% | Charged to each side of the consideration by the Financial Reporting Council (FRC) |
| Transaction Fee | 0.005% | Charged to each side of the consideration and paid to the exchange |
| CCASS Fee | 0.01% | Minimum of HK$3 and a maximum of HK$300 |
Below we've provided a sample transaction showing the above fees:
Are there any 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)
Please note all charges related to US Trading are available in the Phillip Capital Important Information Guide