Short answer
Each order is charged on its own size. Selling GHS 6,000 in one order costs GHS 120.00 in fees at the 2.00% rate; the same amount as two GHS 3,000 orders costs GHS 135.00 at 2.25%.
With IC Securities on the GSE, the all-in fee rate falls as an order gets bigger: 2.50% up to GHS 500, 2.25% up to GHS 5,000, 2.00% up to GHS 10,000 and 1.75% above that. The rate is set by the size of each order on its own, not by your total for the day.
The same sale, two ways
| Charge | One order of GHS 6,000 | Two orders of GHS 3,000 |
|---|---|---|
| Rate | 2.00% | 2.25% each |
| Levies | GHS 42.00 | GHS 42.00 |
| Brokerage | GHS 78.00 | GHS 93.00 |
| Total fees | GHS 120.00 | GHS 135.00 |
The levies are the same either way (0.70% in total). The difference is brokerage, which drops from 1.55% to 1.30% once an order is over GHS 5,000.
Right at the edge
Because the lower rate applies to the whole order, an order just over a step can cost less than one just under it. A GHS 5,000.00 sale pays GHS 112.50 in fees and leaves you GHS 4,887.50; a GHS 5,001.00 sale pays GHS 100.01 and leaves you GHS 4,900.99.
In Breakeven
The sell simulator shows the fee tier for the sale you're trying, and the smallest order at that price that reaches the next tier. How you sell is your decision; Breakeven just shows the numbers. You can also try any order in the fee calculator.
Try it with your own numbers.
Same fee rules as the app, exact to the pesewa.
You pay, with fees
GHS 830.78
GHS 18.28 in fees (2.25% tier)
Break-even price
GHS 6.80
a 4.6% rise
20% profit needs
GHS 8.16
a 25.5% rise
Keep reading
All blogProduct
Introducing Breakeven
A calculator for GSE investors that shows the price you can sell at without losing money, after every fee.
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Fees
Why small orders need a bigger rise to break even
Smaller trades pay a higher fee rate, so they need the price to move further before you get your money back.
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Explainers
What happens to your break-even when you buy more
Adding to a holding changes your average cost and your break-even. Here's how, with fees included.
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