$2.99* - Enough said!
* Price is $USD, please refer to currency conversion to get $AUD equivalent.Stoxs (Stoxs Capital Pty Ltd - ACN 609 673 654) is partnered with DriveWealth, LLC (Member FINRA/SIPC) to offer trading in US Equities to Australian customers via the Stoxs interface. Below are DriveWealth's Fees. Stoxs does not charge any additional fees on top of what DriveWealth charges customers.
| Fixed | $0.0125 USD per share |
| Minimum Per Order | $2.99 USD |
| Broker Assisted (By Phone) via DriveWealth | Regular commission + $10 USD |
For all other fees please refer to the Non-Trading Fees section on this page.
Please note that all fees are in USD denomination.
Scenario 1 - Buy 100 Facebook Shares
Commission on this transaction is 100 x 0.0125 = $1.25.
But because $1.25 is less than the minimum of $2.99 you will be charged $2.99 as that is the minimum brokerage rate.
Scenario 2 - Buy 1,000 Facebook Shares
Commission on this transaction is 1,000 x 0.0125 = $12.50.
This is over the $2.99 minimum, so you will be charged $12.50.
Non-Trading Fees include customer statements, and withdrawals made by wire transfe. For non-US customers opening a Live Investing Account there is a small one-time fee for processing of a W-8BEN tax form, which is used to certify that you are not a United States citizen or resident alien. (Non-United States citizens/residents are exempt from United States tax on capital gains and interest, but are subject to United States withholding tax on dividends based on their country of origin). There is a one-time $5.00 processing fee for this certification, which will be debited from your initial deposit.
Attached is DriveWealth's Fee Schedule.
Fees and Expenses associated with the DriveWealth platform starting at $2.99 commission per transaction*. There are no monthly minimum fees, or required ongoing minimum account balance. For non-resident aliens, there is a one-time tax verification fee of $5.00 (representing Form W-8BEN pass-through processing cost).
AttachmentsDWFeeSchedule.2.pdf