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10/06/21 10:53
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Posts
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Trade statistics of the 'Triangle 8th' system as of 12/03/2023 Gain: 102.00% Profit: 781.52 USD Funds: 1,400.18 USD Balance: 1,781.52 USD Beginning deposit: 1,000.00 USD Withdrawals: 0.00 USD Top-ups: 0.00 USD
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Name of stock - Vox Royalty Name of Stock Exchange - NASDAQ Leverage or Share dealing - Leverage Ticker - VOXR Country of the stock - Usa Market Cap - 100M
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By Captainsaudi · Posted
It is a best practice to buy dip and sell high but this strategy mostly doesn’t go as planned because you can’t predict the final bottom. Some traders BTD anticipating a potential pullback which mostly doesn’t happen and this force some into panic selling. DYOR is mostly advisable but some people fail to know which analysis they should focus more on. When deciding to hold a token for a long-term FA is very important and its cardinal point should be thoroughly scrutinized before making such a decision. These points include; Whitepaper, Road map, and Usecase. These points have a huge impact on deciding how long to hold a project and also booast your confidence in the project's bullish potential. The first principle in this industry is “invest what you can afford to lose" though many neglect this principle as such when a project is going through a price correction they panic sell and sell at a huge lost. Most normal regret their decision later when they see the project back on track. Once you adhere to the first principle you hardly fall victim to panic sales. Note that it is mostly not advisable to hold meme tokens una less you are convinced because meme goes with the hype and finds it hard to retest its ATH once the hype is over. Anyway what are your trading strategy and principles you adhere to most?
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Question
aftrade
Hi,
I'm new to this so please do excuse me for my ignorance.
Can you please explain what commissions/fees/charges and how they are applied when placing a trade to buy shares of an Australian company on the ASX from an ISA account?
For example, if I was to buy £5,000 worth of Australian shares priced at AU$0.0.450, exactly how and at what stage will the fees/commissions/charges apply? I've had a look at my statements but even then the figures just do not add up for me.
From the fees/commissions page on your website I've understood the following:
So going buy the above example and the below assumptions, I would assume the fees/commissions/charges are applied as following:
Assumptions
GBP £1 = AU$1.83
Amount being spent t buy shares = £5,000
Share Price of stock = AU$0.0450
Calculations
£5,000 = AU$9,150
Foreign Exchange fee of 0.5%, so 0.5% of £5,000 = £25, now total is £5,025
AU$10 commission for buying Australian shares - now total is £5,025 + AU$10 (£5.47 according to above exchange rate) = £5,030.47
Then you have your custody fee of £24 every quarter for the entire ISA account no matter how much is being held in it in terms of capital and gains? Is this correct?
Would really appreciate if you can clarify and break this down for me.
Thanks
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