What does it cost to trade with us?

What you trade and your chosen settlement method will determine your brokerage rate. Refer to the brokerage tables below for details.

Share, Warrant, ETF and Government Bond Trading
Integrated Accounts Standard Accounts

Westpac Cash Investment
Account2

DIY Super Working Account2

Westpac Online Investment Loan 3

Any Bank Account Any Margin Loan

Internet Trading Brokerage (GST Inclusive)

$19.95 or
0.11%1
$19.95 or
0.11%1
$19.95 or
0.11%1
$29.95 or 0.29%1 N/A
Phone Trading Brokerage (GST Inclusive) $59.90 or 0.44%1 $59.90 or 0.44%1 $59.90 or 0.44%1 $59.90 or 0.44%1 $82.50 or 0.55%1
Options Trading
Integrated Accounts Standard Accounts

Westpac Cash Investment
Account2

DIY Super Working Account2

Westpac Online Investment Loan 3

Any Bank Account Any Margin Loan
Internet Trading Brokerage (GST Inclusive) $38.95 or 0.35%1 $38.95 or 0.35%1 N/A $43.95 or 0.44%1 N/A
Phone Trading Brokerage (GST Inclusive) $59.90 or 0.55%1 $59.90 or 0.55%1 N/A $59.90 or 0.55%1 N/A
Exercise and Assignment (GST Inclusive) $38.95 or 0.25%1 $38.95 or 0.25%1 N/A $43.95 or 0.25%1 N/A

If you use a Westpac cash account that forms part of the Westpac Cash Facility4, for the settlement of securities or payment for services, as at 27 March 2011, the share trading rates listed below apply. If after 27 March 2011, you change your account which you use for the settlement of securities or payment for services to a Westpac cash account that forms part of the Westpac Cash Facility4, the share trading rates which apply to Standard Accounts will apply.

Share, Warrant, ETF and Government Bond Trading
Westpac Cash Facility2,4
Internet Trading Brokerage (GST Inclusive) $24.95 or 0.11%1
Phone Trading Brokerage (GST Inclusive) $59.90 or 0.44%1
Options Trading
Westpac Cash Facility2,4
Internet Trading Brokerage (GST Inclusive) $38.95 or 0.35%1
Phone Trading Brokerage (GST Inclusive) $59.90 or 0.55%1
Exercise and Assignment (GST Inclusive) $38.95 or 0.25%1

1 Brokerage is calculated as the greater of the minimum brokerage or percentage of the transaction amount. ASX Clear fees are charged in addition to brokerage charges for Options Trading.

2 Integrated Westpac Cash Facility or Westpac Cash Investment Account or DIY Super Working Account applies only where settlement is by direct debit or direct credit to a Integrated Westpac Cash Facility or Westpac Cash Investment Account or DIY Super Working Account.

3 Some services provided by members of the Westpac Group permit options trading through a Westpac Online Investment Loan. In these cases, brokerage is calculated on an individual basis and agreed with the client.

4 Accounts included in the Westpac Cash Facility

- Westpac Cash Manager
- Westpac Maxi Direct
- Westpac Business Maxi Direct
- Westpac Business Flexi
- Private Bank Cheque Account
- Westpac Cash Management Investor Option (CMAIO)
- Westpac Cash Management Account (CMA)

Global Markets
MarketTrading MethodBrokerage (GST Free)
United States
New York Stock Exchange
NASDAQ
NYSE Amex Equities
Online or over the phone USD$19.95 USD $19.95 for trades up to USD $5,000, USD $29.95 for trades up to USD $10,000, 0.31% for trades above USD $10,000.1
US Exchange Traded Options Online or over the phone USD $57.95 or 0.65%, whichever is greater1 plus USD $1.10 per contract.
Canada Over the phone USD$57.95 or 0.65%, whichever is greater1. Additional fee of CAD$0.015 per share.
United Kingdom2
London Stock Exchange
Over the phone USD$57.95 or 0.65%, whichever is greater1
Japan Over the phone USD$57.95 or 0.65%, whichever is greater1
Hong Kong Over the phone USD$57.95 or 0.65%, whichever is greater1
Other Asia
Indonesia
Philippines
Singapore
Thailand
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
The Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
New Zealand
Middle East
Israel
Over the phone USD$115.00 or 0.90%, whichever is greater1

1 For all limit and market orders which are not fully executed in the same trading day, normal brokerage will be charged for the total portion executed per day. Brokerage charges may be converted and applied in the local currency. This may result in variances in the US dollar equivalent brokerage being applied. Unless otherwise indicated, where a fee is expressed as a percentage, it refers to a percentage of the transaction value.

2 A stamp duty of 50 basis points may apply to buy trades executed on the London Stock Exchange.

The available markets may be varied at any time without notice. Contact the Global Markets Desk on 1300 757 319 for the latest details.

Brokerage - Please note effective 1st March 2012

Global Markets Fees
Service
Fee (GST Free)
Custody fee for inactive accounts1 USD$63.50 per year
Outgoing account transfers to either another custodian or direct registration to client (US securities only) USD$90.00 per transfer
Foreign Securities Custody Fee USD$2.00 per non-US holding of security per month, per account
Posted trade confirmation or statement fee USD$2.00 per trade confirmation or statement
Other Fees^
Miscellaneous exchange and regulatory fees At cost
Incoming account transfers (US and non US securities) At cost
Outgoing account transfers (non US securities) At cost
Transfer in/out of DRS eligible securities At cost
Outgoing wire transfer of funds from Pershing account to any bank account At cost

^ Fees are charged as per Pershing cost.
1 Custody fees are assessed to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of USD$100 or more. Systemic reinvestment activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. Dividend reinvestment activity is not considered as a trade.

Debit Interest
Interest on overdue balances: Interest will be charged on overdue/unpaid accounts. This will be charged directly to your account with Pershing at the Pershing Base Lending Rate (PBLR) plus 150 basis points.

Notes: Westpac Securities Limited and the Participant reserve the right to pass through to your account any additional charges, or changes to existing charges, that we may incur as a result of changes in industry practices or through the course of normal business operations. You will be notified of any of the aforementioned changes prior to their implementation.

Global Markets trading is provided by Pershing LLC, ARBN: 108 110 149, AFSL no 271837, member FINRA, NYSE, SIPC through Australian Investment Exchange Ltd (“The Participant”, “We”, “Us” or “Our”) ABN 71 076 515 930 AFSL 241400, a Participant of the ASX Group

Additional Services
Service
Fee (GST Inclusive)
Alerts
Alerts (1 credit alert per email, 3 alert credits per SMS sent) $11.00 for 100 alert credits*
Issuer Sponsored Sells
Each Issuer Sponsored Sell $15** per trade in addition to brokerage
Packages
Advanced $20 per month***
Professional $99 per month***
Trader Pro
Trader Pro $79 per month***
Dynamic Data Exchange Additional $35 per month
Dynamic Data Exchange plus Dow Jones News Service Additional $90 per month
Trader Pro Plus Additional $75 per month
Trader Pro Plus plus AAP Newswire Additional $102.50 per month

* Applies to Alerts subscribed for prior to 23 April 2015 only.

** Please note the charge will be added to the resulting contract note.

For transactions involving structured products or more complex transactions (for example, executive charge you brokerage of up to 5.0% of the value of your trade). The amount of brokerage payable will vary from customer to customer and may be influenced by a number of factors including the nature of the transaction.

*** The fee may be waived if the qualification criteria is met. Details regarding this criteria can be obtained by contacting 13 13 31 or via the Rebates page.

Miscellaneous Fees and Charges
Service
Fee (GST Inclusive*)
Share Trading
Ad hoc Contract Note Request $5
Contract Note Postal Fee (Share Trading only) $2 per confirmation
Early Settlement Fee $50 minimum
Fail Fee (Buy and Sell) $25 + 0.1% of trade value
Minimum $125 per contract per day
Trade Reversal $40
Options
ASX Clear Pty Ltd Exercise or Assignment Fee (Equity Options) $0.05 (GST exclusive)
ASX Clear Pty Ltd Transaction Fee (Equity Options) $0.13 (GST exclusive)
ASX Clear Pty Ltd Exercise or Assignment Fee (Index Options) $0.35 (GST exclusive)
ASX Clear Pty Ltd Transaction Fee (Index Options) $0.45 (GST exclusive)
Administration
Bank Cheque $10
Dishonoured Cheque $20
Off Market Transfer - CHESS $50
Off Market Transfer - Non CHESS $65
Replacement CHESS Statement Fee $20 per statement
Stop Payment of Cheque $15
Telegraphic Transfer Fee $25

* Unless otherwise indicated, prices shown on this website include applicable GST. In the case of charges incurred from the ASX Derivative Clearing System these have been set out on a GST exclusive basis as the total GST may be rounded in accordance with the GST law.

These fees are in addition to Brokerage charged on transactions executed with Westpac Securities Limited.