Frequently Asked Questions
OpenMarkets international share trading service offers access to trade major U.S. stocks on the NYSE and NASDAQ at just $13.95 or 0.07% per trade!
Available exclusively on our new trading platform OpenMarkets Equix. You can now invest in the Russell 1000 Index which is approximately 1,000 of the largest companies in the U.S. including Amazon, Google and Netflix. Trade U.S stocks alongside your ASX investments, with trades settling from the same linked cash account.
For more information on how to apply and how trading U.S. stocks through Equix works please see our Frequently Asked Questions below.
To trade U.S. shares at OpenMarkets you will need to apply for U.S. trading access on your OpenMarkets account by completing and returning our international share trading form here.
Please note: before U.S. trading access can be enabled, you will be required to submit a W-8 Form and submit to OpenMarkets. Learn more about W-8 forms here.
Our international share trading service is only available through our new web and mobile trading platform OpenMarkets Equix.
The service is not currently available through the IRESS trading platforms.
No. You simply apply for international share trading on your current OpenMarkets trading account by completing and returning our international share trading form here.
Currently our international share trading service provides you with access to the Russell 1000 Index which is approximately 1,000 of the largest companies in the U.S.
Trade major U.S. stocks on the New York Stock Exchange (NYSE) and National Association of Securities Dealers Automated Quotations (Nasdaq) Stock Exchange. This includes popular stocks like Amazon, Google, Cisco and Netflix.
We expect to add major European and Asian markets in 2020.
Our brokerage cost per international share trade is just AUD$13.95 or 0.07% per trade (ex GST).
A foreign exchange fee of 0.60% is also charged at the time of trade. The exchange rate is calculated at the time of execution and is based on the best available bid/offer exchange rates made available to OpenMarkets via the international broker.
There are no custody fees involved with OpenMarkets international share trading service.
To place an order in OpenMarkets Equix:
Click on the menu icon and select Order Pad
Enter US stock code in the appropriate field (and see the previous day’s closing price)
Select either the Buy or Sell button
Enter a Limit Price and desired quantity of shares. The Order Pad will calculate the total trade value including brokerage. (For Buy orders it will apply a 5%FX buffer to protect against currency movements.) Please note all orders are day only so if the order is not filled/part filled any unexecuted component of your order will be purged.
Hit the Buy (green) or Sell (red) button to submit your order
Enter your Security PIN to confirm your order