Standard and Premium Accounts

Users

Netwealth offers two types of account structures – a Standard and Premium Share Trading Account. Both are free, have the same brokerage rates for ETOs and Margin Lending, and no ongoing account keeping or inactivity fees, so you can save your money for placing more trades!

What are the differences?

There are only three differences when it comes to comparing the two accounts.

  1. Settlement method (paying for shares)
  2. Trading limits
  3. Brokerage for Equities & Warrants

Standard

  • No trading limit. You can only trade up to the value of the amount you BPAY and/or the unsettled sale credit on your account.
  • You are required to BPAY funds up front or have sale proceeds on the account prior to placing any trade.
  • Funds received via BPAY may take up to 1-2 business days to be available to trade. If you BPAY before 2pm Sydney time, the funds will arrive the following trading day.
  • Online brokerage starts from $17.99.
  • Phone brokerage starts from $49.98.

Premium

  • $25,000 trading limit. Place orders up to $25,000 without any funds up front!
  • Convenient and automatic direct debit from your nominated bank account on settlement date (T+2).
  • Sale proceeds will be credited to your nominated settlement account.
  • For orders greater than $25,000 you will be required to BPAY the funds up front or use sale proceeds.
  • If you have an existing credit on the account (BPAY or sale credit) we will use the existing credit first, and then debit the residual balance.
  • Online brokerage starts from $23.50.
  • Phone brokerage starts from $59.99.
  • Can always revert to a Standard Account at no cost.

Brokerage

We’ve highlighted the differences in brokerage between the two types of accounts below.

 

Standard

Premium

Online

Equities & Warrants

Brokerage per trade

Brokerage per trade

$17.99 up to $5,001

$23.50 up to $10,001

$19.95 between $5,001 to $10,001

$31.99 between $10,001 to $25,001

$26.99 between 10,001 to $25,001

0.13% above $25,001

0.11% above $25,001

 

ETOs1

$49.99 or 0.55% (whichever is greater)

Margin Lending

$48.98 up to $18,501

0.27% between $18,501 to $50,001

0.22% above $50,001

Phone

Equities & Warrants

Brokerage per trade

Brokerage per trade

$49.98 up to $15,001

$59.99 up to $10,001

0.50% above $15,001

0.60% above $10,001

ETOs1

$49.99 or 0.55% (whichever is greater)

Margin Lending

$59.99 up to $18,501

0.27% between $18,501 to $50,001

0.22% above $50,001

Not sure which account structure you have?

You can find out your account structure a number of ways:

  1. Your settlement method
    • If you pay for your trades up front via BPAY then you have a Standard account.
    • If you pay for your trades via Direct Debit on T+2 then you have a Premium account.
  2. Go to Trading > Share Orders > Place Order and click on the ‘Display Funds Available’ box on the right-hand side. Premium accounts will display a $25,000 Trading Limit, Standard accounts will display $0 (unless you have BPAYED funds into your account, then that value will be shown here).
  3. Call us on 1800 888 223 and we can check for you.

Premium account

Premium account

Standard account

Standard account

Upgrade to a Premium Account

All Netwealth Trading Accounts are set to Standard. If you would like to be able to trade more on your account, without requiring funds up front, upgrade to a Premium Account for free! To apply, please complete and return the Share Trading Premium Account Application form.

For a full list of Netwealth Fees and Charges, please refer to our Financial Services Guide (FSG).

1 Plus ETO Contract fee of $0.13 (exc. GST) per equity contract or $0.35 (exc. GST) per index contract.

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This information is intended to provide information for educational purposes only and is subject to change at anytime without notice.

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