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.
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 (SEC)
| Securities and Exchange Commission (SEC) Fee* | 0.0008% on sell orders |
| Trading Activity Fee (TAF)* | Applicable only for sell trades at USD$0.000145 per share, subject to a maximum of USD$7.27. |
Other Charges
Financial Transactions Tax (FTT)
Certain US-listed stocks will attract special fees due to factors such as domiciled country or corporate structure. These fees usually equate to less than 0.3% of the total consideration and are charged at the time of order placement. The fee will be displayed on the contract note for your order under 'Other Charges', as below:
Phillip Capital Fees (PCL)
Cash Dividend Fees
Phillip Capital Limited will charge a small processing fee each time a US dividend is paid to your cash account. This fee varied previous to March 1, 2023 and was dependent on PCL calculations, based on the number of Selfwealth holders of the stock.
From March 1 2023, PhillipCapital charged dividend fees at 1.5% capped $1.50 on cash dividends after Withholding Tax is applied. The cash dividend paid to your USD Cash Account is the net dividend after the fee has been applied.
| Cash Dividends | USD |
| Calculated on Net Value of Dividend | 1.5% (rounded up to the nearest cent) |
| Fee Capped at | $1.50 |
Example
- Your dividend after Withholding Tax is applied is $90.00 USD
- 1.5% is charged to your dividend = $1.35
- $88.65 is paid to your USD Cash Account
You can find a summary of all dividend fees charged to your account in your US Annual Statement.
ADR / Foreign Fees
Listed Companies that are domiciled in countries outside of the United States but are trading on a US exchange may be subject to an American Depositary Receipt (ADR) fee. This is charged by the stock/company paying the dividend, and is not known to PCL until the dividend has been paid to clients.
The fee is charged at the total holding level for all Selfwealth clients, and is distributed across all Selfwealth clients holding the stock, and disclosed to the clients on their Cash report as a FOREIGN FEE.
Please note, we can not disclose the total amount charged or total holders of the stock at Selfwealth.
For more information on this, please refer to the Phillip Capital Important Information Guide.
Corporate Actions
| Voluntary Corporation Action Fee | Charged Per Transaction | AUD $22.00 or USD $14.85 |
Corporate Actions are also subject to Deposit/Withdrawal at Custodian (DWAC) fees and other Foreign Broker fees as prescribed at the time of the Corporate Action.
Stock Transfer Out Fees
| Electronic Security Transfers (No change of Beneficial Owner) | Charged Per Stock | $110.00 AUD per security |
Please note: all charges related to US Trading are available in the Phillip Capital Important Information Guide
* Standard $9.50 USD brokerage applies, unless there is a promotional period.