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Pcilliterate

09/26/20 1:33 PM

#23017 RE: pnnymn #23008

That's not entirely accurate. There is a 6.95 trade to buy and a 6.95 trade to sell plus commission (comission has been $.23 for me up to $6.80 on my trades from 5000 shares up to 34000 shares but varies based on $ value), plus a $15 foreign trade fee PER DAY. They've only charged me the $15 once per day, even when I've had 6 or 8 in and outs. If you are moving anything above $500, then this is insignificant. Some other platforms are charging $50 per trade.

If you want to see exactly what they're charging you, just login online to the website, not the app, and click on Account Details and it will break it all down for you. On a sell, it combines the 6.95 with the commission, but the foreign transaction fee is a separate line item and always clears 2 business days after the trade.

07up

09/26/20 2:06 PM

#23023 RE: pnnymn #23008

Fidelity charges $50 but I believe it’s still worth it for this company and where it’s going.

PennyWorld

09/26/20 3:35 PM

#23029 RE: pnnymn #23008

pnnymn.. I'm using TDA, and you can knock down that $6.95 down to $4.95 simply by asking for it. I did. I told them that I was paying almost zero for the same transaction in my TradeStation account (competitor).

Regarding the $15....that is my only foreign fee. I've held this for a couple of months now and I was am only charged that $15 fee (plus the $4.95) for each buy or sell transaction. I find it odd that you are seeing this other $7 expense on your account and I don't see it on mine.