Jump to content

Quarterly custody fee and US trading


Recommended Posts

Hi all, 

The terms of the share dealing commission rates and custody fee are such that:

If 3 trades are made in the month prior, the "best rate" is obtained, and; 

If 3 trades are made in the previous quarter, there is no quarterly custody fee. 

 

Therefore, am I right in thinking that we can make 3 US trades (from the UK) per month which will be free from commission, and also avoid the custody fee simultaneously? 

 

Thanks in advance.

Link to comment
On 14/04/2020 at 12:07, HJackson said:

Hi all, 

The terms of the share dealing commission rates and custody fee are such that:

If 3 trades are made in the month prior, the "best rate" is obtained, and; 

If 3 trades are made in the previous quarter, there is no quarterly custody fee. 

 

Therefore, am I right in thinking that we can make 3 US trades (from the UK) per month which will be free from commission, and also avoid the custody fee simultaneously? 

 

Thanks in advance.

You're correct. 

If you're placing the trades to give you the free US commissions (These have to be 3 US trades) then place trades in the next month for free these all count towards your quarterly fee meaning you will not have to pay your quarterly fee. 

All the best. 

Link to comment

Ok. I was under the impression that it could be any 3 trades (i.e. 2 UK and 1 US) which would give you the best rate across both types of shares as I don't believe this is explicitly stated anywhere in the terms? 

Thanks for clearing that up. 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,088
    • Total Posts
      88,149
    • Total Members
      69,078
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    TheGreedyGreek
    Joined 03/10/22 19:45
  • Posts

    • Stock Market SP 500, NASDAQ 100 NDX, Russell 2000 RUT. Dow Jones Industrial (DJI) Elliott Wave Technical Analysis and Trading Strategies. US Markets News Today:The Dow moved higher 800 points as stocks rose broadly. Treasury yields fell back towards 4% Elliott Wave Market Summary: The move up is a bear market rally on lower volume, corrective. Expect the next session to open higher then fade lower. Elliott Wave count: iv of (c) of iv) of 3 of (1) Day / Trend Trading Strategies: Day traders look to short Wave cv of (c) of iv) and also the turn lower as Wave (i) and (ii) building shorts... Video Chapters 00:00 S&P500  15:29 NASDAQ 100 (NDX) 19:06 Russell 2000 (RUT)  19:57 Dow Jones (DJI) 21:18 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • Market data to trade on Tuesday: AUD rates and GRG earnings          
    • Sterling is climbing on the foreign exchange markets despite a U-turn by the government on the proposed changes to the 45p top rate of tax. gbp        
×
×
  • Create New...