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.
amscotOnline offers two simple online share trading plans, both of which are highly competitive:
The ValueRate is better value for casual traders whose trade values are typically less than $35,000 and is calculated against the trade value on a “per order” basis. The TraderRate is more attractive at trade values of $37,500 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.
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.
For trades below $37,500 in value the cheapest brokerage is offered by the amscotValue rate and for trades above $37,500 in value the cheapest brokerage is offered by the amscotTrader rate.
|Comparison of Brokerage (incl GST)|
|Trade Size||amscot Trader||amscot Value||CommSec||ANZ Share Investing||NAB Trade||Bell Direct||CMC|
Our brokerage rates are considerably lower than other leading online brokers.Data correct as at 05/04/2019.
|Trade Value||amscot Phone Preferred Rate*||Trade Value||amscot Phone Rate†|
|Up to $30,000||$57.00||Below $15,000||$82.50|
|$30,000 and above||0.19% of trade value||$15,000 and above||0.55% of trade value|
* Preferred rate requires you to transact through a State One Stockbroking sponsored HIN.