InvestorsHub Logo
Followers 59
Posts 17797
Boards Moderated 1
Alias Born 03/17/2004

Re: cintrix post# 5017

Saturday, 12/09/2017 4:08:04 PM

Saturday, December 09, 2017 4:08:04 PM

Post# of 6233
Honestly, I thought all brokers charged the $0.000119 FINRA TAF pass-through fee.

reference here-->> two fees that every broker charges (sell orders only) includes an SEC trading fee of $21.80 per $1,000,000 of principal and a FINRA Trading Activity Fee (TAF) of $.000119 per share. Investors can ignore these trading fees as they are the same for each regulated online brokerage and amount to no more than a few pennies per trade.

https://www.stockbrokers.com/guides/commissions-fees

(oh and BTW, I recently found out Etrade charges $0.005/SHARE for extended-hours trading). that itself makes it useless for me. too much competition out there for garbage like that.

I've been told that the $38 mandatory reorganization fee, is a standard fee, but that many (if not most) brokers either absorb it, or pass-through a portion of it (e.g. Scottrade charges $20).

If Etrade was absorbing your FINRA TAF fee on all sales, that's great.

TD Ameritrade charges $38 for mandatory reorganization fee, but if you trade frequently enough, you achieve "APEX" status (how impressive sounding! wink ) and they waive the fee.

I periodically check out online discount broker sites to compare fees etc.

https://www.brokerage-review.com/

but no amount of my researching policies, fees, etc online can tell me exactly what will happen. I have to open an account and play.

I tried shorting a "hard-to-borrow" ETF in Schwab....they want $50,000 in the account first.

TD Ameritrade wants $100k in account to short "hard to borrow"

nowhere in their online literature could I find these little facts

It depends on the kind of trading I'm doing, but I use Fidelity the most. low commish, No extra commission add-on fee for stocks < $1 etc. Fidelity (or really any National Financial Services-cleared brokers) allow instant credit to your account with which to buy stock. As soon as you click the transfer-funds button, you can buy stock. That's come in handy several times.

However, you can no longer buy many pinksheet stocks. Basically anything with a stop sign on otcmarkets.com is off limits. Not that long ago, I could buy greysheets no problem.


============================================================


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.