certificate - my thought's long term, page-6

I have just opened a global account with E-trade and have pasted the global shares fees and charges below. Previous post said they were going to be hit with a $450 brokerage fee for a UK transaction. I don't have all the facts of his trade, but from the fee structure below, it should have only been about $88.50 ( $15000 * .59% ).


Global Shares

Trade on 11 major international exchanges from the same Portfolio as your domestic stocks with our award winning Global Shares product. Brokerage fees are detailed below:

Internet and telephone trading


Trades

up to $10,000 - $59.00

over $10,000 - 0.59%


Please note: The minimum trade value for Global Shares is AU$2,000. This does not include the brokerage fee. We may, at our discretion, accept sell orders for less than this amount in exceptional circumstances.

Custody Fee
As we are charged fees from our custodian, we may charge you a custody fee of 0.10% p.a. for international shares held through the service. The custody fee will be calculated and charged based on the market value of your international portfolio at the end of each month. For example; an international share portfolio valued at $50,000 will incur a fee of around $4 for the month. However, if you place one or more international trades within the month, the fee will be waived.

Foreign currency exchange rate
We may charge up to 0.6% of the foreign currency exchange rate applicable to the international trade, as our fee for undertaking the foreign currency exchange.

Transfers
The fee for transfers of certificated holdings into the Global Shares Service is $50 per certificate. Electronic transfers into the Global Shares Service are $10 per shareholding. The fee for outgoing transfers to either another custodian or direct registration to client is $100 per shareholding.