Fees

$300 million+ in shares sold

42,000+ share sale customers

Secure & Confidential

When you sell shares in Australia, brokerage is most commonly charged as a percentage of the transaction value, with a minimum amount.  Brokerage is charged separately for each shareholding you are selling.

We provide three service levels; the main difference being the time taken to for us to complete your share sale.  The faster we are required to act, the more human involvement there is at our end and therefore the greater the cost.

D.I.Y Service

0.2% or $40 minimum brokerage fee + GST
  • 5 Business Day turnaround
  • Lodge via Post
  • ID check 100% Online
  • Direct Bank Deposit of money

Value Service

1% or $110 minimum brokerage fee + GST
  • 1-2 Business Day turnaround
  • Lodge 100% Online
  • ID check 100% Online
  • Direct Bank Deposit of money
Popular

Express Service

1.5% or $150 minimum brokerage fee + GST
  • Same Day turnaround
    before 3pm EST
  • Lodge 100% Online
  • ID check 100% Online
  • Direct Bank Deposit of money
Fastest

If a better rate exists for an equivalent service,we will beat it by 10%.

We will beat the price of a publicly published equivalent service.  Equivalence takes into account the main features of the service, including (a) time to complete, (b) onboarding process and (c) settlement options. Contact us if you would like to apply for a price beat.

Are there any surcharges on top of the standard fees?

We cater for a wide range of situations; from simple individually held shares to very complex scenarios.  Please note that the more complex scenarios attract a surcharge on top of our normal rates.  The surcharge amount is $55, or 0.55% of the transaction size, whichever is greater.  This amount comes out of the share sale proceeds, it’s not payable upfront.

This surcharge is applicable if the shares being sold are held by a:

We are usually able to sell ASX listed shares for international citizens or Australian citizens residing overseas however an incremental surcharge applies in these situations.  The surcharge amount is also $55, or 0.55% of the transaction size, whichever is greater.  Please note that this surcharge is in addition to any other surcharge that might be relevant.

Worked Example of a Share Sale

Brokerage is the only fee and is paid from the share sale proceeds. There are no fees payable upfront.

Example 1 – Selling shares worth less than $10,000

Number of Shares:
1,000
Joe Citizen wants to sell shares in XYZ Limited
Sale Price Per Share:
$6.32

His shares are sold at the best available market price, which is $6.32 per share in this example

Gross Proceeds:
$6,320

The total trade proceeds (number of shares x share price)

Net Proceeds:
$6,199
This is the amount that is paid to Joe via Cheque or Bank Transfer after Brokerage.

Example 2 – Selling shares worth more than $10,000

Number of Shares:

2,000

Joe Citizen wants to sell shares in XYZ Limited

Sale Price Per Share:
$6.32

His shares are sold at the best available market price, which is $6.32 per share in this example

Gross Proceeds:

$12,640

The total trade proceeds (number of shares x share price)

Net Proceeds:

$12,500.96

This is the amount that is paid to Joe via Cheque after brokerage

Information on Express Sales

To qualify for a Same Day sale (for the Express Service) you must submit by 3pm AEDST on the day of the sale:

  • Prove your identity via our online service, or provide certified copies of your ID via email; and
  • Your documents and shareholding particulars must satisfy our compliance checks.

Terms and Conditions for Same Day Sales:

  • Only applies to companies in the ASX Top 200 Index.  This includes all of the common shares such as IAG, TLS, WOW, AMP, CBA, NAB, etc.
  • If you qualify for a same day sale, we endeavor to sell the shares on the same day, and if we don’t, you will be refunded the difference between the Express Sale pricing and the Value Service pricing.
  • We are not liable for any losses caused by delays, including market movements.

If it is absolutely imperative that your shares are sold on the same day, we recommend calling us once you have returned your documents.