International Share Trading

How do I access international shares?

All new and existing CMC Markets Stockbroking accounts which have a linked cash account have this feature enabled by default and can be traded on both our desktop platforms and mobile apps. You will not be required to open an additional account to trade International shares.
 
Please note, this feature is not available to phone only or margin lending accounts.

How do I place an international shares order?

Placing an international shares order is much like placing one for domestic shares.
 
To place an international shares order, open an order ticket in the usual way, enter the stock code, select either Buy or Sell and fill in the required information as you would for domestic stocks.
 
This function is available on both our standard and Pro platforms. For further assistance you can contact our Client Services support team online with live chat.

Who are my international orders executed with?

All international share orders placed on our stockbroking platforms are executed by Morgan Stanley.

Who are my international securities held with?

When trading with CMC Markets, your international securities are held in a custody arrangement between CMC Markets Stockbroking and BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, a leading global custodian and securities services provider.
 
About BNP
BNP Paribas Securities Services is a multi-asset servicing specialist and best-in-class custodian with over USD 11 trillion in assets under custody.
 
BNP Paribas Group and one of the highest-rated asset servicing banks in the industry.
 
BNP Sub Custodians
International securities are held on your behalf by BNP Paribas Securities Services’ sub-custodians as detailed below

Local Jurisdiction - Specified Sub-Custodian        

  • Belgium - BNP Paribas Securities Services, Brussels/Paris
  • Canada - RBC Investor Services, Toronto
  • France - BNP Paribas Securities Services, Paris
  • Germany - BNP Paribas Securities Services, Frankfurt
  • Hong Kong - SARBNP Paribas Securities Services, Hong Kong
  • Japan - Hong Kong and Shanghai Banking Corp Limited, Tokyo
  • Netherlands - BNP Paribas Securities Services, Amsterdam/Paris
  • Singapore - BNP Paribas Securities Services, Singapore
  • Switzerland - BNP Paribas Securities Services, Zurich
  • United Kingdom - BNP Paribas Securities Services, London
  • USA - BNP Paribas, New York
  • New Zealand - BNP Paribas Securities Services, Sydney
  • Spain - BNP Paribas Securities Services, Madrid
  • Sweden - Skandinaviska Enskilda Banken AB, Sveavagen
  • Denmark - Skandinaviska Enskilda Banken AB, Copenhagen
How are my international equities protected by the custodian?

Your securities are held distinctly and separately from the assets of the custodian (BNP or its nominee) and protected from claims of third parties against the custodian in the event of the custodian’s insolvency.

The nominee entity BNP Paribas Nominees Pty Limited is used to hold client securities at the Central Securities Depository (CSD) level. The nominee entity is a special purpose vehicle whose sole corporate objective is to hold client assets in trust for the benefit of BNP Paribas Securities Services’ custody clients. Securities at the CSD level are typically held within an omnibus account opened in the name of BNP Paribas Nominees Pty Limited for all of BNP Paribas Securities Services’ custody clients.

What is the exchange rate for my international trade?

The exchange rate for international transactions is calculated at the time of execution and is based on the best available bid/offer exchange rates, plus a spread of just 0.60%.

What is an FX buffer?

The 2% Foreign Exchange (FX) buffer is not an additional fee
 
The buffer acts as a cushion against currency movements ensuring there are sufficient available funds in your account to fill your order
 
When your order fills, excess funds are automatically added back to your ‘available funds’ value on the platform
 
Buffer funds are not withdrawn from your settlement account, but only locked in the ‘available funds’ calculation until your order has filled
 
The buffer only applies to ‘buy’ orders
 
Impact
 
For international buy orders, a 2% FX buffer is added to the trade value at the time the order is placed. This ensures you have sufficient funds in your account to cover any foreign exchange fluctuations between the time your order is ‘placed’ and when it is ‘filled’ on the international market.
 
Any excess buffer will be unlocked on the execution or cancellation of that order.
 
The FX conversion rate is determined as the order fills on the overseas stock exchange in real-time.
 
*The FX buffer currently applied to international buy orders is 2% of the trade value and is subject to change.
 
Example

Jane submits an order to buy US$1,000 of US shares at 10:30 am Sydney time.
 
At the time she places her order the exchange rate is 1.489 and the US market is closed. The estimated AUD value of the order is $1,489.00 + $0.00 brokerage = AUD $1,489.00. 
 
The trading platform applies a buffer of AUD 30.17 (2%) to the order as protection against exchange rate fluctuations.
 
By the time the US market opens the exchange rate has moved to 1.481 and the order is submitted and executed immediately. The AUD value of the order at execution is $1,481.00 + $0.00 brokerage = AUD $1,481.00
 
The buffer is now released from Jane’s "Available to Trade value" on the trading platform.

Can I transfer in my share certificates?

Yes, however please note that the certificate stock transfer process (dematerilisation) is subject to certain requirements and also requires approval by the delivering broker (counterparty).

What are the relevant brokerage rates and other fees charged for international share trading?

US, UK, Canadian and Japanese listed products on online orders:

All

$0 Brokerage*

*Minimum trade value of AUD$1000 (for buy trades only) across all international markets

 

Online orders for listed products outside Australia, US, UK, Japan and Canada:

Value Of Shares (AUD)
Brokerage fee/rate (AUD)

All
$59.95 or 0.59%*

*Brokerage is the greater of the dollar value or the percentage amount shown. Minimum trade value of AUD$1000 (for buy trades only) across all international markets.

Exchange fees including stamp duty, transaction taxes, clearing and trading fees will be displayed on the order ticket where applicable.
Other fees charged by CMC Markets for trading international share can be found in the CMC Markets Stockbroking Financial Service Guide located on our Stockbroking legal page.

Do any exchanges break during lunch hours?
Exchange
CodeLocal time at exchange
Hong Kong Stock Exchange
HKEX
12:00 – 13:00
Singapore Exchange
SGX
12:00 – 13:00
Tokyo Stock Exchange
TSE
11:30 – 12:30

By selecting the country drop down within the standard platform you will be able to see if the exchanges for that country are open or closed.

What countries can I trade in?
  • US
  • Canada
  • United Kingdom
  • Germany
  • Switzerland
  • France
  • Belgium
  • Netherlands
  • Singapore
  • Japan
  • Hong Kong
  • New Zealand
  • Spain
  • Sweden
  • Denmark
Is there a minimum order amount required when placing an international order?

The minimum order size for international shares is AUD$1,000 on each buy order you place. This buy minimum is applicable to all international markets available on CMC Markets platforms.

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