participant of asx group
afs licence no 241737
Morrison Securities is a subsidiary of Sequoia Financial Group Ltd (ASX:SEQ).

Rates and fees

  • Equities
  • Day Trading
  • Options
  • One-Off Sales
  • Platform Access
  • Miscellaneous
INTERNET TRADING

If funds are held in Morrison Securities Trust Account

Transaction Value Brokerage (ex GST)
$0.01 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 +		 $20.00
$40.00
0.05%
Example

Note: These commissions are for CHESS sponsored accounts only and are charged per order per day. GST would be charged in addition to the above charges

If funds are held in a linked Macquarie/Adelaide Bank CMA
Account or a linked Margin Lending Account

Transaction Value Brokerage (ex GST)
$0.01 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 +		 $30.00
$50.00
0.06%
Example

Note: These commissions are for CHESS sponsored accounts only and are charged per order per day. GST would be charged in addition to the above charges

DAY TRADING

If Day Trader

Transaction Value Brokerage (ex GST)
$0.01 - $83,300.00
$83,300.01 +		 $ 25.00 Flat
0.03% on Trade Value
Example 1 Example 2 Example 3
  • Funds should be held in Morrison Securities Trust Account
  • Applicable for CHESS sponsored accounts only
  • Commission will be charged per stock per day
  • GST would be charged in addition to the Commission/charges
  • Applicable only for Online Trade with support, in case needed over phone
  • All Trades which result in settlements (net position remaining outstanding) at the end of the day would be charged additional commission (Settlement Fee) to the extent of 0.12% (ex GST) of the value of trade that requires settlement
  • Confirmations are issued at the end of a trading day for multiple buy or sell in an individual stock (the order may not be complete). If the balance of the order is filled the next day, then a new confirmation would be issued and an additional commission is applied. Multiple trades at different price levels will be placed on one confirmation for each stock traded on one day
PHONE TRADING

Phone Trading

Transaction Value Brokerage (ex GST)
$0.01 - $40,000.00
$40,000.00+ 		$40.00
0.10%
Example

Note: GST would be charged in addition to the above charges

One-Off Sale or Deceased Estates

One-Off Sale or Deceased Estates

Transaction Value Brokerage (ex GST)
$0.01 - $50,000.00
$50,000.00+ 		$50.00
0.10%

Note: GST would be charged in addition to the above charges

Trading Platform Subscription

IRESS TRADER

Number of Trades Monthly Subscription
0 - 9
10+		 $100
FREE

Note: GST would be charged in addition to the above charges. The above charges are payable in advance on the last day of the previous month and the appropriate rebate will be given at the end of the month

IRESS INVESTOR

Number of Trades Monthly Subscription
1+ FREE

Note: For access to IRESS INVESTOR, a minimum balance of $5000 must be maintained in the trading account

IRESS MOBILE

Number of Trades Monthly Subscription
0+ $50

Note: GST would be charged in addition to the above charges.

IRESS PROFESSIONAL

Number of Trades Monthly Subscription
0+ $1100

Note: GST would be charged in addition to the above charges.

If Day Trader

Transaction Value Brokerage (ex GST)
$0.01 - $83,300.00
$83,300.01 +		 $ 25.00 Flat
0.03% on Trade Value
Example 1 Example 2 Example 3
  • Funds should be held in Morrison Securities Trust Account
  • Applicable for CHESS sponsored accounts only
  • Commission will be charged per stock per day
  • GST would be charged in addition to the Commission/charges
  • Applicable only for Online Trade with support, in case needed over phone
  • All Trades which result in settlements (net position remaining outstanding) at the end of the day would be charged additional commission (Settlement Fee) to the extent of 0.12% (ex GST) of the value of trade that requires settlement
  • Confirmations are issued at the end of a trading day for multiple buy or sell in an individual stock (the order may not be complete). If the balance of the order is filled the next day, then a new confirmation would be issued and an additional commission is applied. Multiple trades at different price levels will be placed on one confirmation for each stock traded on one day
INTERNET TRADING

If funds are held in Morrison Securities Trust Account

Transaction Value Brokerage (ex GST) Clearing House Fee (ex GST)
$0.01 - $999,999 $25.00 FLAT $0.13 per contract
Example

Note: These commissions are charged per order per day. GST would be charged in addition to the above charges

If funds are held in a linked Macquarie/Adelaide Bank CMA Account or a linked Margin Lending Account:

Transaction Value Brokerage (ex GST) Clearing House Fee (ex GST)
$0.01 - $999,999 $30.00 FLAT $0.13 per contract
Example

Note: These commissions are charged per order per day. GST would be charged in addition to the above charges

PHONE TRADING

Phone Trading

Transaction Value Brokerage (ex GST) Clearing House Fee (ex GST)
$0.01 - $8000.00
$8000.00+ 		$40.00
0.50%		 $0.13 per contract
$0.13 per contract
Example

Note: These commissions are charged per order per day. GST would be charged in addition to the above charges

Trading Platform Subscription

IRESS TRADER

Number of Trades Monthly Subscription
0 - 9
10+		 $100
FREE

Note: GST would be charged in addition to the above charges. The above charges are payable in advance on the last day of the previous month and the appropriate rebate will be given at the end of the month

IRESS INVESTOR

Number of Trades Monthly Subscription
1+ FREE

Note: For access to IRESS INVESTOR, a minimum balance of $5000 must be maintained in the trading account

IRESS MOBILE

Number of Trades Monthly Subscription
0+ $50

Note: GST would be charged in addition to the above charges.

IRESS PROFESSIONAL

Number of Trades Monthly Subscription
0+ $1100

Note: GST would be charged in addition to the above charges.

One-Off Sale or Deceased Estates

Transaction Value Brokerage (ex GST)
$0.01 - $50,000.00
$50,000.00+ 		$50.00
0.10%

Note: GST would be charged in addition to the above charges

IRESS TRADER

Number of Trades Monthly Subscription
0 - 9
10+		 $100
FREE

Note: GST would be charged in addition to the above charges. The above charges are payable in advance on the last day of the previous month and the appropriate rebate will be given at the end of the month

IRESS INVESTOR

Number of Trades Monthly Subscription
1+ FREE

Note: For access to IRESS INVESTOR, a minimum balance of $5000 must be maintained in the trading account

IRESS MOBILE

Number of Trades Monthly Subscription
0+ $50

Note: GST would be charged in addition to the above charges.

IRESS PROFESSIONAL

Number of Trades Monthly Subscription
0+ $1100

Note: GST would be charged in addition to the above charges.

Issuer Sponsored to CHESS and/or CHESS to Issuer Sponsored Conversion $10.00
SRN Enquiry $25.00
Contract Rebooking Fee $20.00
Off Market Transfers $30.00
Trace Fee for Unidentified Client Deposits $50.00
Trace Fee for Payments $50.00
Paper Contract Note or Reprint of paper Contract Note $ 5.00
Cheque Payment $ 5.00
Overseas funds transfer $50.00
Transfer HIN, Holdings or Options positions to other Broker $50.00
Third Party Transfer $20.00
Bank Cheque $50.00
Dishonoured Cheque $50.00
Printed Statement $10.00
Fail Fee (Failure to Settle Trades/Debits) $100.00 + 0.1% of the amount failed to settle per day

Note: GST would be charged in addition to the above charges

Morrison Securities Pty Limited ABN 50 001 430 342