Custodian fees - what exactly does it mean?

[nodnerb]

Hi,

Very new to stock market trading/investing. Recently opened an international account with commsec as I see the U.S market gearing towards Dec 2018 levels.

I've read that there is a custodian fee "Custody fees are charged to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin".

So let's say I've bought AAPL @ 10 shares. Before the 1 year mark, can i buy additional AAPL shares or any other companies' shares to be considered an active account? Or does it specifically be (Buy/sell) AAPL?

Feel silly with this question but felt I got to start somewhere.

Thanks everyone!

 

[greggles]

You can find some information about Custodial Fees at the following link.

https://www.thebalance.com/what-are-custodial-fees-357410

However, I'm not sure how they apply to your specific situation.

 

[nodnerb]

You can find some information about Custodial Fees at the following link.

https://www.thebalance.com/what-are-custodial-fees-357410

However, I'm not sure how they apply to your specific situation.

Thanks for the article! Unfortunately, it does not help my understanding on this particular issue much.

Anyone else has any idea on this?