Competitive Share Fees and Low Brokerage -
Part of the Minc Cost Advantage
Our overall pricing package is equal to or better than nearly all our competitors in the market place:
Frequent Trader Rebates
Low Cost webIRESS
Competitive Share Fees and Low Brokerage
Free Contingent Orders
Aggregating orders after each trading day
Frequent Trader Rebates for Traders Online Rate only
To reward frequent traders (webIRESS users only), Minc also provides the following fee concessions:
· No software fee is charged if 8 or more confirmations are generated for the month
· No software or data fee is charged if 16 or more confirmations are generated for the month
Low Cost webIRESS
Our ASX market data fees are capped, and there is no charge if you do not log in for any calendar month. See the Fees page for details.
Competitive Share Fees and Low Brokerage
Many brokers offer low brokerage for trades but this rate often only applies to between $10,000 to $25,000 approximately. Minc offers an extremely competitive rate with real price savings for larger trading lines up to $200,000.
Our low brokerage rates differ from some brokers in that we charge a flat rate for every buy or sell confirmation issued up to 12 different prices for a total value of $200,000. (see Aggregating Orders below). Some brokers charge a flat rate for each order placed or a percentage of traded value.
Standard Online Rate
A rate of $13.95 (incl.GST) per confirmation for trades up to the value of $13,950. Trades valued greater than $13,950 are charged at 0.11%
Free Contingent Orders
Contingent orders or "stop loss" orders are an essential tool of trading yet many brokers charge an additional fee for these types of orders. Minc does not charge an additional fee.
Aggregating Orders after each trading day
Up to 12 Different Price Levels for the Price of 1 Trade
Orders can be placed throughout the day for the same stock on the same side (buy or sell) at up to 12 different price levels and will be booked out at the end of the day all on one confirmation.
This means that traders can split large orders and take advantage to minimise buy prices and maximise sell prices.
Fewer trading confirmations equates to huge savings for investors.
Trading large numbers of small parcels is also important when day trading even the larger, highly liquid stocks.
For further information, see the Multiple Trading page.