Types of fees
If you have further questions, please call us on 1800 601 734 and we'll be happy to help.
How do you charge commission?
We will either charge commission charge or quote a spread (difference between a sell and buy price).
Our standard commission rate for Australian share CFDs is a competitive 0.1%, with a minimum charge of just $8. Trading spreads start from 0.8 pips on our most popular forex pairs, and less than one point on some stock indices and commodities.
Find out more about our competitive rates.
Is there a fee if I hold a position overnight?
If you hold a position overnight, we will charge interest, or financing, for the value of the position (this charge is built into the price of fixed expiry future contracts).
Long positions: borrowing costs are based on the London Interbank Offered Rate (LIBOR, a rate charged on overnight loans between financial intermediaries). For a standard long position, you will be charged 2.5% above LIBOR, and 3% for mini/micro and A$1-denominated contracts.
For example, let's say LIBOR is 3.25% currently; therefore you would pay 5.75%. Financing is calculated daily, and this is an annual rate.
You accrue a financing cost for each day you hold the position that is calculated and debited from your account on a daily basis.
Short positions: compared with long positions, funding short positions works in the opposite manner. Rather than paying interest, you will receive interest for being short in most cases.
The amount you receive for being short is not as much as the amount you pay for being long, in the same way that rates on loans are generally higher than savings rates.
If we incur a borrowing charge for opening a hedging position against your short share CFD position, this charge will be passed on to you (with a 0.5% admin fee).
To determine whether a borrowing charge applies, call our dealers in advance of trading. The borrowing charge (if applicable) will be accounted for in the daily interest adjustment that is applied to your trade. The borrowing charge, and the ability to go short, can be changed at short notice.
Are there any hidden fees?
No – all of your costs are clearly shown up-front; there are no hidden fees or charges. We don’t charge any fees, such as margin call fees, ledger summary fees, duplicate statements or audit fees for disputes. You will also not be charged for withdrawing funds or phone trading.
However, we do charge a monthly inactivity fee of $18 on the first of the month if no trading activity has occurred for two years or more, provided you have a positive balance on your account. ‘Trading activity’ is defined as opening or closing a position, or updating an open position.
If your account is not held in AUD, please see help and support for more information.
What fees do you pass on to the client?
- We charge a 1.5% administration fee for MasterCard Credit and Visa Credit Card payments, and a 0.5% fee for Visa Debit Card payments. There is no fee applied on transfers from MasterCard Debit cards.
- Telegraphic transfers are charged at $15.
- We will charge exchange fees if you view live data feeds without placing any trades. However, if you conduct the required number of trade (at least four trades per month on ASX shares), this fee will be waived. We do not charge for delayed data.
- We will charge a charting fee if you choose to receive access to our pro-level charting package. However, this fee will be waived if at least four trades are transacted in a given month.
How much does DMA trading cost?
Direct market access (DMA) is a free on our trading platform. Access to DMA can be activated once your account reaches our minimum required balance of $2000.
What is the cost of data feeds?
The share prices shown on our trading platform reflect the actual exchange prices. We provide free access to delayed shares data, which allows you to view data from several global exchanges without incurring any exchange fees.
To receive live prices: you will need to subscribe to live prices from the 'Data Feeds' section of the 'My Account' window in our trading platform.
This will incur a fee from any exchange to which you subscribe. You will not be charged exchange fees on ASX data feeds if at least four trades are transacted in a given month on ASX shares.
For example, the data fee for trading Australian share CFDs on the ASX is $37.50, which will be debited from your account on a monthly basis and reimbursed at the end of the month when at least 4 trades have been completed.
To access real-time charts: you will need to activate real-time charts via the 'Account Preferences' area in our trading platform, which will incur a fee of $60 per month.
If at least four trades are transacted in a given month, this fee will be waived.
What is the cost of Guaranteed Stops?
We charge a small premium when you open a position with a Guaranteed Stop - this starts from just 0.3% of the underlying transaction value. This is a one-off extra charge for this protection.
The size of the position on which we may be able to offer a Guaranteed Stop may be limited and they are not available on all shares. Please contact us for more information on the facilities available for any particular share.