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* | 0.00229% 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. |
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 (as of 1 August 2021)
| Net Dividend value of $100 USD | $1.10 USD per dividend |
| Net Dividend value of $100 USD or More | 1.5% of the net value of the Dividend, Capped at $110.00 USD per dividend |
Examples:
A client receives a Net Dividend Value of $90.00 USD. Less $1.10 USD is = $88.90 net payable
A client receives a Net Dividend Value of $110.00 USD. Less $1.65 (1.5%) USD is = $108.35 net payable
A client receives a Net Dividend Value of $12,000.00 USD. Less $110.00 USD (1.5% Capped) is = $11,890.00 net payable
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