Foreign Currency now available on HUB24 Super

Foreign Currency is now available as an additional investment option on the HUB24 Super – Choice Menu. This was also added to the Investment Menu for HUB24 Invest earlier this year. 

Foreign Currency – Key Trading Points 

• Interest earned on foreign currency deposits will be paid, after deduction of the foreign currency fee. Please refer to the offer documents for more information. 

• The existing tiered percentage administration fee applies to total amounts in clients’ accounts including foreign currency holdings.  

• Settlement of international security trades, foreign dividends and foreign currency interest will be in AUD.  

• All foreign currency trading instructions must have AUD as part of the currency pair. 

• Two foreign currency trading batches will be available to advisers to place foreign currency instructions via aggregated trading. The close times to receive instructions are: 10:30AM and 3:30PM (Sydney time), each business day (excluding public holidays in NSW). Instructions received after 3:30PM will be processed on the following business day. 

• Settlement of all foreign currency trades will always be on a T+2 basis, meaning advisers are unable to select a settlement date.  

• Foreign currency cannot be added to Model Portfolios or other Investment Strategies.  

• Foreign currency orders will not be netted.

Investor communications 

We’ve also provided an update on InvestorHUB to let your clients know. 

We’re here to help

If you have any questions, please contact your Business Development Manager or our Client Services Team on 1300 854 994 or email at admin@hub24.com.au  

Visit our Recent Platform Enhancements page.