Selling Shares, Online Brokerage and Share Trades for Frequent Traders

To reward frequent traders (webIRESS users for the Traders Online Rate only), Minc also provides the following fee concessions for buying and selling shares:

·         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.

This fee, if applicable to your account, will be debited to your Cash Management Trust account, your margin lending account (or at our discretion, invoiced to you) in arrears during the following month.

Low brokerage

Many brokers offer trades for cheap online brokerage 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 online 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.

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.