Our stockbroking fees

Nedbank Private Wealth Stockbroking provides a full-service execution, advisory and managed portfolio offering across our comprehensive range of listed securities, delivered through personal relationships and/or mobile channels.

Fees as at May 2017

We will give you 30 days’ notice of any price increases in the fees listed below.

Administration and custodial fees

		Discretionary	Proactively advised	Online trading
Account opening fee (once-off)	R250
Quarterly administration fee	R150
Account closing fee (for portfolio transfer out; in addition, there will be a R90 fee per share transferred)	R250

Portfolio management fees

(does not apply to online trading)

Management fees are levied quarterly on the market value of the portfolio and are subject to a minimum quarterly fee of R625.
	Portfolio value	Annual fee
Discretionary	R0–R3 million Above R3 million	1.2% 1.0%
Proactively advised	All values	1.5%

Equity brokerage fees

Online trading (no branch or portfolio manager involved)
Deal	Brokerage rate
Up to R250 000	0.70%
R250 001–R750 000	0.50%
R750 001–R1 million	0.45%
Above R1 million	0.35%
Minimum charge per deal	R70

Via a branch or portfolio manager

	Brokerage rate
Deal	Discretionary / Proactively advised	Online trading	Once-off accounts
Up to R50 000	1.00%	1.25%	1.60%
R50 001– R100 000	0.75%	1.00%	1.25%
R100 001–R500 000	0.50%	0.75%	1.00%
R500 001– R1 million	0.43%	0.50%	0.90%
Above R1 million up to R2 million	0.35%	0.40%	0.75%
Above R2 million	0.35%	0.35%	0.75%
Minimum charge per deal	R100	R150	R350

Derivatives fees

Contracts-for-difference (CFDs)	0.4% per leg
Single stock futures (SSFs)	Trades with an exposure value below R50 000: 0.6% per leg Trades with an exposure value of R50 000 and above: 0.45% per leg
Index futures	Brokerage fee of R10 per contract
Currency futures	Brokerage fee of R20 per contract
International futures	0.5% per leg
Commodity futures	Brokerage fee of R120 per contract

Offshore investments fees

Equities	Brokerage fee of 1% of the deal value, subject to a minimum charge of £50 per trade £25 per transaction Additional platform fee of £30 for non-UK shares
Platform fee (Credo Global Custody Fee)	0.1% per year platform fee levied on the market value of the portfolio (including equities, cash and funds) Fees are charged biannually in April and November, and are subject to the minimum fee of £125 for each biannual payment (a total of £250 per year)
If using the Nedgroup Private Wealth Stockbrokers (Pty) Ltd asset swap capacity, an asset swap fee applies	0.3% plus VAT per year, payable in advance and calculated in rands on the rand market value of the portfolio as at quarter-end This fee is levied quarterly on your South African account
Foreign exchange charge	0.5% excluding VAT per transaction, with no minimum charge

Bond brokerage fees

Nominal value	Brokerage rate
Up to R100 000	0.5%
R100 001–R500 000	0.35%
R500 001–to R1 million	0.20%
Above R1 million	0.15%
Minimum charge per deal	R 500

Krugerrand brokerage fees

Please note that you must deliver coins to/collect coins from our offices in Sandown on settlement.
Deal consideration	Brokerage rate
Up to R20 000	3.0%
Above R20 000	2.0%
Minimum charge per deal	R1 000
Handling fee per coin	R50

Other fees

Scrip borrowing for short sales
Fees are calculated on market price Higher fees may apply depending on scrip availability	Equity borrowings	1% per year (minimum charge of R150 per deal)
	Bond borrowings	1% per year (minimum charge of R150 per deal)
	Collateral requirements	110% cash 125% approved shares
Online access
If one or more trades are executed on the account during the month, no fee is payable.	Live prices – full access	R70 per month
Interest
Credit interest on surplus funds	Discretionary and pro-actively advised	Rate receivable from JSE Trustees
Credit interest on surplus funds	Online trading	JSE Trustees rate less 1%
Debit interest	Debit interest on outstanding debit balances	Prime bank rate + 3%
Debit interest	Cash borrowings against collateral of share portfolio	Competitive interest rates are charged at a variable rate linked to the prime bank rate
Other service charges
	Account queries dating back to a period of more than 3 months	R5 per page
	Share valuations for estate duty purposes	R250 per valuation
	Comprehensive capital gains tax statement	R150 per account
	Comprehensive capital gains tax statement for estate duty purposes	R250 per account
	Lost scrip applications	R500 (excluding insurances)
	Dematerialisation	R500
	Urgent dematerialisation	R1 000
	Rematerilisation	R750 per certificate
	Exchanges	R100
	Third party payments	R50
	Portfolio transfer to external parties	R90 per share
	Tax clearance certificate	R250
Statutory charges and taxes
	Securities trading tax	0.25% of consideration on equity purchases
	Levy investor protection	0.0002% of consideration
	Ad valorem strate fee	Minimum of R10.71 and a maximum of R70.02 per contract note
	Value added tax (VAT)	Payable on all fees and brokerage rates All the fee and brokerage rates quoted in the fee schedule exclude VAT
Third party charges
	Fees charged by external service providers are passed onto the client A detailed list of these charges is available on request Although we take due care to ensure accurate disclosure of third party service provider fees, these may vary from time to time and Nedbank Private Wealth cannot be held responsible for any errors and omissions