Rates & Charges

Our rates

amscot's brokerage rates are a fraction of those charged by full service stock brokers and are very competitive with other share trading services offered by Participants of the Australian Securities Exchange, with the associated protection which ASX Participants provide to clients.

Our online brokerage charges are in fact frequently about half of those offered by other leading online share brokers. (To view comparison, click here.)

Our rates are low because all of our trading, clearing and settlement needs are met internally, avoiding the heavy expenses typically involved in dealing with larger corporations.


Online Rates

amscotOnline offers two simple online share trading plans, both of which are highly competitive:

  • ValueRate - $9.90 or 0.077% (whichever is the greater)
  • TraderRate - $33 or 0.044% (whichever is the greater) *

The ValueRate is better value for casual traders whose trade values are typically less than $40,000 and is calculated against the trade value on a “per order” basis. The TraderRate is more attractive at trade values of $43,000 or more - it is specifically designed for the highly active or professional trader and combines the added benefit of order “bulking” which calculates the brokerage against trade value for the day.

*Bulking refers to multiple trades in the same stock on any one day, all being aggregated to the one confirmation note. Any number of orders can be entered any number of times during the day, with only two notes being produced (one Buy and one Sell) and the brokerage charged based on the total value of each note.Orders spread over more than one day will incur an additional charge for each day traded (unless cancelled beforehand).

Confirmation notes are issued at the end of each trading day.


Compare Online rates

amscot's online brokerage rates are amongst the lowest in Australia at all price points. The rates table below shows that by using amscot you can obtain the cheapest brokerage at every trade size, from as little as a $500 trade to one of $1,000,000 or more.

For trades below $43,000 in value the cheapest brokerage is offered by the amscotValue rate and for trades above $43,000 in value the cheapest brokerage is offered by the amscotTrader rate.

Comparison of Brokerage (incl GST)
Trade Size amscot Value amscot Trader CommSec ANZ Share Investing NAB Trade Bell Direct
$5,001 $9.90 $33.00 $19.95 $24.95 $19.95 $15.00
$10,001 $9.90 $33.00 $29.95 $29.95 $19.95 $25.00
$15,001 $11.55 $33.00 $29.95 $29.95 $19.95 $25.00
$25,001 $19.25 $33.00 $30.00 $29.95 $27.50 $25.00
$50,001 $38.50 $33.00 $60.00 $55.00 $55.00 $50.00
$100,000 $77.00 $44.00 $120.00 $110.00 $110.00 $100.00
$200,000 $154.00 $88.00 $240.00 $220.00 $220.00 $200.00
$500,000 $385.00 $220.00 $600.00 $550.00 $550.00 $500.00
$1,000,000 $770.00 $440.00 $1,200.00 $1,100.00 $1,100.00 $1,000.00

Our brokerage rates average about half that of other leading online brokers, with savings of up to 67%.

The table below details the savings from using amscot, across a range of trade sizes, in both $ and percentage terms.

amscot Savings (incl GST) (% Savings in brackets)
Trade Size CommSec ANZ Share Investing NAB Trade Bell Direct
$5,001 $10.05 (50%) $15.05 (60%) $10.05 (50%) $5.1 (34%)
$10,001 $20.05 (67%) $20.05 (67%) $10.05 (50%) $15.1 (60%)
$15,001 $18.4 (61%) $18.4 (61%) $8.4 (42%) $13.45 (54%)
$25,001 $10.75 (36%) $10.7 (36%) $8.25 (30%) $5.75 (23%)
$50,001 $27.00 (45%) $22.00 (40%) $22.00 (40%) $17.00 (34%)
$100,000 $76.00 (63%) $66.00 (60%) $66.00 (60%) $56.00 (56%)
$200,000 $152.00 (63%) $132.00 (60%) $132.00 (60%) $112.00 (56%)
$500,000 $380.00 (63%) $330.00 (60%) $330.00 (60%) $280.00 (56%)
$1,000,000 $760.00 (63%) $660.00 (60%) $660.00 (60%) $560.00 (56%)
Data correct as at 03/06/2016.
 

Phone Rates

Trade Value amscot Phone Preferred Rate* amscot Phone Rate†
Up to $5,000 $38.50 $42.00
$5,001 - $30,000 $49.50 $66.00
Above $30,000 0.165% of trade value 0.220% of trade value

* Preferred rate requires you to transact through a State One Stockbroking sponsored HIN.

† Applicable to One-off sales, Deceased Estate sales, and trades settling to/from Issuer sponsored holdings.


One-off sale rates

Option Rate
Express Service $82.50 or 0.55% (whichever is greater)
Value Service $42.00 or 0.22% (whichever is greater)

For details about the one off sales options read more here.


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