Transaction Fee - Pfizer

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1

Can I please ask what that the transaction fee represents?

Screenshot_20200326-163355
Screenshot_20200326-1633551080×2220 76.7 KB

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2

@cezar There are two regulatory transaction fees when selling US securities.

  1. Securities and Exchange Commission (SEC) fee: 20.70 per million-dollar sales. You can calculate your SEC fees by multiplying the estimated value in by $0.0000207.
    https://www.sec.gov/news/press-release/2020-7
  2. FINRA TAF fees:
    $0.000119 per share with a minimum charge of $0.01 & a maximum charge of $5.95 - always rounded up to the nearest penny.
    https://www.finra.org/rules-guidance/rulebooks/corporate-organization/section-1-member-regulatory-fees
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Thanks for explaining @David

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4

could you include the sec next to transaction fee becuase on its own it just looks like trading 212 is charging the fee because you do show the FINRA fee

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+1 from me. increases transparency of fees and prevents your competition from using screenshots like these to present it in an unintentional way that damages your rep.

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6

I didn’t pay any fees when buying Pfizer stock. Could that be because it’s in an ISA?

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@Kennybobs The fee only applies when selling, not when buying.

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Oh I didn’t know that. Thanks. I’ve learned something!