Pricing

All Share and CFD trades are subject to the following minimum fees depending on how you execute your transactions:

• by platform: $19.95
• by telephone: $50

A "Trading Fee" is payable when opening or closing a Long or Short Position or a Long or Short CFD. The Trading Fee is equal to the Face Value of the financial instrument traded multiplied by the client's Trading Fee Rate, subject to the minimum trading fee.

Unless specified otherwise, a client will initially pay a Trading Fee of 0.12% of the Face Value of shares transacted subject to the minimum fee. Active traders may be eligible for a rebate based on the table above still subject to the minimum fee. If you trade more than the specified level during a calendar month you will be eligible for a rebate. Generally, Trading Fee rebates will be paid into your Prime Account within the first 10 business days of the following month. If you agree for that month a Trading Fee Rate with your adviser, you will not be entitled to the rebates set out in the table above.

The Trading Fee rebate is determined by the minimum monthly turnover required as per the table above. Monthly turnover is generated from opening or closing positions, e.g. opening and closing a $50,000 position would be $100,000 in turnover.

For example, if you have 

• a long position of $200,000
• a short position of $50,000
• a prepaid loan of $50,000
• $10,000 in your Cash Account

the Interest Balance will be -$90,000 

A stock lending charge is payable to Macquarie if you hold a Short Position in shares overnight. 

This fee is currently 2.95%pa of the value of the Short Position (for all ASX-listed shares for which you can enter into a Short Position on the Trading Platform), calculated and accrued daily and paid monthly in arrears.

From 0.20% of the Face Value of the underlying position. Guaranteed Stop Loss orders can be moved for no additional cost provided the same GSL percentage^** is maintained and the GSL term is not extended. 

The GSL Premium/Fee is determined when the GSL is accepted by Macquarie and can be viewed in the order entry screen (and may be inclusive of GST). 

2.53 cents per minute, capped at $41.25 per month inclusive of GST. 

The ASX Royalty may be switched off at your discretion and no ASX Royalty would be incurred. In addition, Macquarie will waive the ASX Royalty for active clients as per the table above.

20 cents per SMS inclusive of GST.

Overdraft interest will be payable on any overdrawn amount in your Macquarie Prime Account. 

To view the current overdraft interest rate contact us or see the Macquarie Prime Account Product Disclosure Statement for more details.  

Trust Applicants applying for a risk limit greater than $0 should provide Macquarie with a completed solicitor declaration form. 

If you do not, you will be required to pay to Macquarie a Trust Application Review Fee of $423.50 (incl GST). This fee is payable and non-refundable regardless of the success of your application.

Please note: Existing trust clients should also provide a completed solicitor declaration form if initially applying for a risk limit greater than $0. If a solicitor declaration form is not produced, you may be required to pay this fee.

In the future Macquarie may introduce a funds under management fee made payable to your adviser based on a rate agreed between you and your adviser.

In the future Macquarie may introduce a fee for the administrative process of exercising company options at your request.

In the future Macquarie may introduce a fee if we need to review additional documentation provided as part of the application process, such as trust deeds, company constitutions, etc.