You’re charged a transaction fee when you buy and sell shares in companies and exchange-traded funds (ETFs) across Australia, the US, and NZ. This is sometimes called a ‘brokerage fee’.
If you buy or sell shares in more than one investment, they’re treated as separate orders and have separate fees. The fee is charged in the currency of your order.
If you place an order of
Sharesies deducts a $0.50 fee
and the amount invested is $99.50.
Limit buys in shares
For limit buy orders in whole or fractional shares, we calculate the transaction fee on the amount to invest (the net amount).
You set the amount to invest by selecting the highest price to pay per share and the number of shares to buy.
The order amount you’re charged is the amount to invest plus the transaction fee.
For example, if you set:
the highest price to pay per share at $5, and
the number of whole shares to buy at 10
the amount you invest will be $50 at most. From this amount, we calculate a $0.25 transaction fee (0.5% × $50 = $0.25) and your total order amount is $50.25.
When you place a limit buy in shares, the fee is just an estimate. When your order fills, the fee is recalculated on the amount invested.
Limit sells in shares
For limit sell orders in whole or fractional shares, we calculate the transaction fee on the amount you receive (the net amount) and deduct it from your order amount.
You set the order amount by selecting the lowest price to sell per share and the number of shares to sell.
The amount you receive is your order amount minus the transaction fee.
For example, if you set:
the lowest price to sell per share at $5, and
the number of whole shares to sell at 10
your order amount will be $50. From this amount, we deduct a $0.25 transaction fee that’s calculated on the estimated amount you’ll receive, $49.75 (0.5% × $49.75 = $0.25).
When you place a limit sell in shares, the fee is just an estimate. When your order fills, the fee is recalculated on the amount received.
How we compare
Invest whatever amount you can afford, as often as you like. Check out how our transaction fees compare if you were buying shares in a company on the Australian Securities Exchange (ASX).
*When you make your first investment in a company or ETF with SelfWealth, CommSec, or Nabtrade, it must be for at least $500 worth of shares—this is known as a ‘minimum marketable parcel’. After the first investment, you may then be able to buy smaller amounts of shares.
Currency exchange fee
You’re charged a 0.4% currency exchange fee when you exchange money. The fee is calculated on the amount to exchange, and deducted from the amount you enter.
You can exchange money in Sharesies any time you like, or during the buy or sell process.
When you invest in an ETF, you’re charged a management fee. This is charged by the fund provider—not Sharesies—and included in the share price.
The fee pays for the fund’s management, distribution, and operational costs.
The management fee is different for each fund, so check the fund info before you invest.
When you invest in an American depositary receipt (ADR), you may be charged depositary fees. These are charged by the depositary bank that issued the ADR, not Sharesies.
The fees cover the depositary bank’s costs for managing the ADR, and are based on how many receipts you hold. Generally, the fee is less than $0.10 USD per receipt annually.
The depositary fee can be charged a couple of ways:
if the ADR pays dividends, the fee will be deducted from any dividends on the ex-dividend date before they’re paid into your Wallet
if the ADR doesn’t pay dividends, the fee will usually be deducted from your Wallet balance during the year.
Sometimes, it could be a mix of both—part of the fee deducted from your dividends and the rest deducted from your Wallet during the year.
How the Sharesies platform makes money
You pay a transaction fee when you buy or sell investments.
You pay a currency exchange fee when you exchange money.
You’re charged a card processing fee when you use a debit or credit card to top up a Sharesies Wallet.
Any interest earnt from the money in your Sharesies Wallet.
Money earnt from external relationships.