Products & platforms

Macquarie Prime

Equity trading and lending from just 7.70% pa^


Features

Macquarie Prime is a completely integrated equity solution enabling you to manage all of your clients’ share, CFD and ETF investments from one platform+ with one password, with the added benefits of built-in gearing, risk management tools and an integrated bank account.

Benefits for clients

  • Access to more than 2,000 ASX-listed securities from as little as $20.00 per trade^^.
  • Borrow to invest in more than 700 ASX-listed securities from just 7.70 per cent pa^.
  • Flexible gearing levels from 0-95 per cent.
  • Deposit cash in an integrated bank account and earn 2.50 per cent^.
  • Access powerful risk management tools such as Guaranteed Stop Loss orders (GSLs) and hedging products.

Benefits for advisers

  • Trade on behalf of clients+.
  • Sophisticated technical analysis and charting tools.
  • Access all your clients’ investments from one platform with one password+.
  • Earn commission on ongoing client trades.
  • Tailor client fee structures.

At a glance

Securities available
  • Buy and sell more than 2,000 ASX-listed securities including shares, CFDs and ETFs
  • Borrow to invest in more than 700 ASX-listed securities
Gearing levels Flexible gearing levels from 0-95% available
Protection Access powerful risk management tools such as stop loss orders, guaranteed stop loss orders (GSLs), price and volume alerts via email, platform pop up and SMS, and hedging products
Initial minimum cash deposit Clients are required to deposit $5,000 in cash or shares to open an account
Fees and costs
  • No account keeping or transactions fees**
  • Trade from as little as $20.00 per trade^^
Adviser commissions Flexible commission structure
Interest
  • Interest is calculated daily on a variable rate and is payable or receivable monthly in arrears
  • Earn 2.50% pa^ on positive cash balance and lending from just 7.70% pa^
Government Guarantee The Macquarie Prime Account is Government Guaranteed^
Tax Clients may have the potential to prepay interest

 

How does it work?

Macquarie Prime is an integrated platform that combines online trading, gearing, risk management tools and an online bank account in one facility.

With one password and one platform, you can access all of your clients’ holdings and maintain a more complete picture of their investments+.

Explore the power of Macquarie Prime. Find out how you can make more informed investment decisions for clients through Macquarie Prime’s in depth charting and sophisticated technical analysis tools. You can also potentially obtain efficiencies through Macquarie Prime’s long funding offset account to save you time and your clients money.

 

Online trading

The Macquarie Trading Platform allows you to view your clients’ share, CFD and ETF positions as well as their trading history in real-time, from a single log-in. This provides you with more transparency and visibility over your clients’ portfolios+.

In addition, the Trading Platform offers you and your clients many other powerful trading tools including:

  • access to more than 2,000 ASX-listed securities including shares, Direct Market Access CFDs and exchange traded funds
  • opportunity to profit from both rising and falling markets by taking long and short positions
  • sophisticated technical analysis and charting tools
  • live ASX prices and news
  • online stop-loss, guaranteed stop-loss, trigger and conditional orders
  • open or close a CFD position from just $20.00^^
  • access your clients’ portfolios in real-time+
  • ability to transfer your clients’ existing shareholdings into their account and to use these shareholdings as collateral for further investments+.

View Prime platform demonstrations

View current list of shares available

View ETFs available through Macquarie Prime

Gearing

Macquarie Prime is a flexible facility that enables your clients to borrow from Macquarie to invest in more than 700 ASX-listed securities from as little as five per cent of the market price.

With variable gearing levels of 0-95 per cent available, your clients can customise a level to best suit their individual risk appetites and investment objectives by depositing or withdrawing amounts into or out of their Prime Account.

By using gearing within Macquarie Prime, your clients can:

  • increase their share exposure and pay just a fraction of the price upfront
  • borrow to invest in more than 700 ASX-listed securities
  • choose a gearing level from 0-95 per cent
  • access competitive interest rates – variable lending rates from 7.70% pa^
  • reduce their interest costs through Macquarie Prime’s Funding Offset Account
  • consolidate their holdings – transfer existing shares and loans into their Macquarie Prime Facility
  • achieve potential tax efficiencies through prepayment of interest++
  • transfer existing holdings into their Prime Facility without selling existing shares and potentially avoid crystallising a Capital Gains Tax event++
  • refinance investment loans into their Prime Facility.

Margin requirements

When borrowing to invest in shares or opening a new CFD position, your clients do not need to make a payment for the face value of the underlying shares. Macquarie only requires your clients to have a fraction of this amount in available funds to meet their margin requirements.

The minimum amount of margin required is based on the market value of your client’s underlying shares and must be maintained throughout the life of the position. Your client’s margin requirements can be viewed at any time on the trading platform, as illustrated below:

Share Volume Share Price   Share Value   Margin Rate for XYZ   Required Margin Amount
XYZ 1,000 $30.00 = $30,000 x 10% = $3,000

 

Long-short funding offset

One of the key efficiencies of trading shares through Macquarie Prime is that interest is calculated on your client’s Funds Balance, which takes into consideration both long and short positions that have been purchased using the loan facility (if any). This will act to significantly reduce interest costs when both long and short positions are held in your client’s share portfolio.

Please note that the funding offset operates only in relation to share positions and not positions in CFDs and that any funds held in Blocked Funds are ignored for the purposes of offsetting.

Prepaying interest

By choosing to fix and prepay interest for the next financial year***, your client can save time and money and achieve potential tax efficiencies++.

Risk management tools

Risk management is a vital part of any investment. Macquarie Prime provides a number of tools to help your clients effectively manage risk and protect their investments.

These include:

  • Guaranteed Stop-Loss Orders (GSLs)
    Macquarie Prime GSLs are available on both share and CFD positions. GSLs can be used to protect your clients’ positions by guaranteeing an agreed "worst case" exit price, should the share price fall below your chosen level. A GSL can be placed on a new position or added to an existing position and can be set as close as 1% from the current share price. GSLs are easily amendable as the share price moves
  • Hedge share positions with CFDs
    Macquarie Prime seamlessly integrates shares and CFDs so that your clients have the ability to use CFDs to protect their share positions. Direct Market Access CFDs are an ideal hedging tool as there is no strike, no expiry date, no minimum parcel size and your clients can also earn interest on any short positions
  • Flexible gearing levels
    Macquarie Prime is a flexible facility that enables your clients to access gearing levels between 0-95 per cent to best their risk profile and investment objectives.

Integrated bank account

The integrated online bank account is an individual account that pays an attractive rate of interest. This gives your clients instant access to investment opportunities without forgoing a competitive yield on their funds.

Key benefits

  • The ability to earn 2.50% pa^ interest on a positive Funds Balance.
  • Competitive interest rates from just 7.70% pa^ on a negative Funds Balance.
  • Seamless access to comprehensive reporting and banking facilities.
  • Free online fund transfers.
  • Trade history and account statements.
  • No account keeping fees**.

 

Useful forms

Identification forms

Frequently asked questions

How do I place a trade for my clients?

Please login to the Macquarie Prime Trading Platform through macquarie.com.au/mqprimetrading using your adviser MAC and password, which have already been sent to your nominated email address on completion of your registration. If you have forgotten your MAC, please contact 1800 138 246 to retrieve it.

Once you have logged in to the Macquarie Prime Trading Platform, click the magnifying glass icon within the ‘Positions’ window to begin a search for your clients. You can search by a client’s name, account number or the stock they hold. You can also click the radio button next to ‘All’ to bring up a list of all your clients.

trade for clients

> Click here to watch a demonstration on placing an order now

You can also use the Help > Overview option in the toolbar for a more detailed explanation of the various functionalities of the Macquarie Prime Trading Platform. Please note: some features in the ‘Overview’ section are specific to end clients only.

How do I open an account for my clients?

Please login to the Macquarie Prime Online Portal through macquarie.com.au/login using your adviser MAC and password, which have already been sent to your nominated email address on completion of your registration process. If you have forgotten your MAC, please contact 1800 138 246 to retrieve it.

Once logged in, under ‘Your Investors’, click ‘Start a New Application for a New Investor Here’.

open an account

Click ‘Continue’ in the next window to begin the application.

open an account

How do I search for my clients' applications?

Please login to the Macquarie Prime Online Portal through macquarie.com.au/login with your MAC and password, which have already been sent to your nominated email address on completion of your registration. If you have forgotten your MAC, please contact 1800 138 246 to retrieve it.

Once logged in to your Online Portal, under ‘Search Applications’, click ‘Search’ with all fields left blank to see a list of all your clients’ applications. Alternatively, you can narrow your search using the fields provided.

search for applications

How do I move securities into Macquarie Prime for my clients?

You can transfer shares or refinance an investment loan for your clients during the Macquarie Prime online application process, or subsequent to opening their Macquarie Prime Facilities.

There are two ways to bring existing securities from other brokers or the share registry into Macquarie Prime after a client’s account has been opened

  1. Your clients can submit an online request by following the steps below:
  • logging in to the Macquarie Prime Online Portal through macquarie.com.au/login using their own MAC and password
  • selecting ‘Forms’ in the ’Administration’ drop down menu at the top of the page
  • selecting ‘Apply Online’ next to Macquarie Prime Share Transfer Request 
  • completing the online transfer form. Any additional documents required will be generated for the client to sign immediately following completion of the online form.

move securities into Prime

 

moving securities into Prime

  1. For a hard copy version of the stock transfer form, please contact our Adviser Services Team on 1800 138 246.

How do I transfer funds to my client's Macquarie Prime account?

The Macquarie Prime cash account accepts Electronic Funds Transfer (EFT), BPAY and real time gross settlement (RTGS) deposits denominated in Australian dollars. The client’s account details, including BSB, account number, biller code and BPAY reference number can be found on the ‘Cash’ page of their Macquarie Prime Online Portal. Alternatively, contact our Adviser Services Team on 1800 138 246 or email primeadviser@macquarie.com to obtain these details.

How do I withdraw funds from my client’s Macquarie Prime account?

All clients are asked to provide at least one, and up to five, external linked bank accounts for withdrawal purposes. Clients can submit a withdraw request online by following these steps:

  • logging in to the Macquarie Prime Online Portal through  macquarie.com.au/login using their own  MAC and password
  • selecting ‘Transfer Funds’ from the ‘Cash’ tab
  • clicking on ‘Next’ in the ‘Transfer Funds’ section
  • entering an amount and description of the transfer, click ‘Next’, then ‘Confirm’.

withdrawing funds from Macquarie Prime

Alternatively, to request a withdrawal on behalf of your clients, email us at primeadviser@macquarie.com.

Can Macquarie Prime provide data to other applications?

Macquarie Prime facilitates automated data feeds (via the ESI platform) to a number of software providers. To find out whether your software supports Macquarie Prime, please contact our Adviser Services Team on 1800 138 246 or email primeadviser@macquarie.com.

 

Fees and costs

Client fees and adviser commission

Macquarie Prime has been designed to provide investors with a low cost trading and investment facility that delivers tangible cost and potential tax efficiencies for your client.

The table below provides an overview of the way that adviser commission is determined based on your client’s trading activity and their individual fee, cost or rates payable on their Prime account.

Please contact Macquarie on 1800 138 246 for a further explanation or information about any of these fees and commissions.

Fee, cost or rate
payable by the client
Formula for client fee,
cost or rate1
Share Trading
Share Trading Fee Wholesale Rate + Dealergroup Margin
Prime Account Interest Accrued
Negative Funds Balance Interest Rate Benchmark Rate + Wholesale Rate + Dealergroup Margin
Positive Funds Balance Interest Rate Benchmark Rate – Wholesale Rate – Dealergroup Margin
CFD Trading and CFD Interest
CFD Trading Fee Wholesale Rate + Dealergroup Margin
Long Position Funding Rate Benchmark Rate + Wholesale Rate + Dealergroup Margin
Short Position Funding Rate Benchmark Rate – Wholesale Rate – Dealergroup Margin
Short Share Positions
Stock Lending Rate Wholesale Rate + Dealergroup Margin

Dealer group margin, in respect of a particular fee, cost or rate, means the amount or rate that is paid to the adviser/dealer group as adviser remuneration (inclusive of GST).

Wholesale rate, in respect of a particular fee, cost or rate, means the amount of a client fee payment retained by Macquarie.

Benchmark rate means the base rate used for an interest calculation, being the RBA Cash Rate.

1 The outcome (eg sum) of a formula in this column represents the amount which (or rate at which) your clients will be charged (or paid) in respect of the applicable fee, cost or rate by Macquarie directly through the Prime Facility.
Unless stated otherwise, in respect of a fee, cost or rate specified in the table, Macquarie will pay the Approved Dealergroup the relevant adviser remuneration for each month, in which Macquarie charges its client(s) the relevant fee, cost or rate, and such adviser remuneration will be paid within 21 days of the end of that month.

Other client costs

GSL Premium (for CFDs)
GSL Fee (for shares)
From 0.20% of the Face Value of the underlying position. Guaranteed Stop Loss orders (“GSLs”) can be moved for no additional cost, provided the same GSL percentage* is maintained and the GSL term is not extended. The GSL Premium/Fee is determined when the GSL is accepted by Macquarie and can be viewed in the order entry screen (and may be inclusive of GST).

*calculated as the distance of the GSL Level from the current share price.
ASX Royalty 6.60 cents per minute, capped at $27.50 per month inclusive of GST. The ASX Royalty may be switched off at your client’s discretion and no ASX Royalty would be incurred.
SMS Service Fee 20c per SMS inclusive of GST.
Overdraft Interest Overdraft interest will be payable on any overdrawn amount in your client’s Macquarie Prime Account. To view the current overdraft interest rate, contact us or see the Macquarie Prime Account PDS for more details.
Trust Application Review Fee

Trustee Applicants applying for a risk limit greater than $0 should provide Macquarie with a completed Solicitor Declaration Form. If you do not, you will be required to pay to Macquarie a Trust Application Review Fee of $423.25 (incl GST). This fee is payable and non-refundable regardless of the success of your client’s application.

Please note: existing trust clients should also provide a completed Solicitor Declaration Form if initially applying for a risk limit greater than $0. If a Solicitor Declaration Form is not produced, your client may be required to pay this fee.

All rates and fees are subject to change without notice. Different rates and fees may apply to certain investors.

How to invest

Opening a Macquarie Prime Facility is an easy online process. To open a Macquarie Prime Facility, follow the steps below:

Step 1 Register as a Macquarie Prime adviser
Step 2 Read the offer documents and complete your client’s online application
Step 3 Return the required supporting documents

Application documents you need

  • Required documents - these will be available to you during the online application process.
  • Photocopy of a form of photographic ID from your client (ie passport or driving license).
  • We may require an original copy of a bank statement from your client.
  • We may require a proof of address from your client (eg a copy of your bill).

Where to send your client’s application documents 

Email: primeadviser@macquarie.com.au
Fax: (02) 8232 8788
Post: Macquarie Bank Limited
Prime Client Account Team
GPO Box 3466
Sydney NSW 2001

If you have any questions about the account opening process, please contact the Prime Client Service Team at primeadviser@macquarie.com.au or call 1800 138 246.

Contact us

Call: 1800 138 246

Fax: +61 8232 8788