BROKERAGE BASICS

What do recurring trades cost?

Explore the simple arithmetic of a flat per-trade fee at different trading intervals. It does not determine the best investing frequency.

CHANGE THE INPUTS

Your assumptions

Amounts are in Australian dollars. Changes update the illustration automatically.

Amount set aside each month (A$)

Flat brokerage per trade (A$)

How often a trade is placed

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Illustrative brokerage per year

;

Illustration only · Not a guaranteed outcome

Number of trades per year;

Fees as share of yearly amount set aside;

Amount set aside in a year;

This simplified illustration is for education only. It is not investment or financial advice. Markets and actual fees may differ considerably.

Why trading frequency matters

A fixed fee is proportionally larger for a small trade than a large trade. Changing how often a trade is placed changes the yearly number of fees. There are other factors; including time out of the market and product or platform conditions; that this simple arithmetic does not model.

What is not included

This calculation does not include changes in market value, bid-ask spreads, fund fees, currency costs or tax. It assumes a constant per-trade cost and that monthly amounts can accumulate between trades.

Need context? Read our guide to fees, risk and return explainer or financial disclaimer.