When trading United States shares through SelfWealth, there are various fees that may apply depending on the type of transaction. Below is a summary of each fee and when it applies.
Brokerage
A brokerage fee of $9.50 USD is charged for each order that fills. For a buy order, the brokerage fee is deducted from the funds you are investing. For a sell order, it is deducted from the proceeds of your sale.
Standard $9.50 USD brokerage applies unless a promotional period is currently active.
Securities and exchange fees
All sell orders on United States exchanges are subject to a Trading Activity Fee (TAF). This fee applies regardless of which broker you use and is governed by the United States Securities and Exchange Commission (SEC). It is not charged by Selfwealth or Phillip Capital and will be shown on your contract note.
| Fee | Rate | Maximum |
| Trading Activity Fee (TAF) | USD $0.000195 per share | USD $9.79 |
Financial Transactions Tax
Certain United States listed stocks may attract a Financial Transactions Tax due to factors such as the company's country of domicile or corporate structure. This fee is typically less than 0.3% of the total order value and is charged at the time the order is placed. It will appear on your contract note under 'Other Charges'.
Phillip Capital Fees (PCL)
Cash dividend fees
Phillip Capital charges a processing fee each time a United States dividend is paid to your cash account. This fee is set at 1.5% of the net dividend after Withholding Tax is applied, capped at $1.50 USD.
| Cash dividends | Rate |
| Calculated on net value of dividend | 1.5% (rounded up to nearest cent) |
| Fee capped at | $1.50 USD |
Example: Your dividend after Withholding Tax is $90.00 USD. A 1.5% fee of $1.35 is applied. $88.65 USD is deposited to your USD cash account.
ADR and foreign fees
Companies incorporated outside of the United States but listed on a US exchange may be subject to an American Depositary Receipt (ADR) fee. This fee is charged by the company paying the dividend and is not known to Phillip Capital until the dividend has been paid. It will appear on your Cash Report as a Foreign Fee.
Corporate action fees
| Fee type | When charged | Amount |
| Voluntary Corporate Action Fee | Per transaction | AUD $22.00 or USD $14.85 |
The currency applied will depend on the exchange the stock is listed on. Corporate actions may also be subject to Deposit and Withdrawal at Custodian (DWAC) fees and other foreign broker fees, determined at the time of the corporate action.
Stock transfer out fees
| Fee type | When charged | Amount |
| Electronic Security Transfer (no change of beneficial owner) | Per stock | AUD $110.00 |
For full details of all charges related to United States trading, please refer to the Phillip Capital Important Information Guide.