These are the fees passed through to you when you sell stock and are remited to the relevant regulatory authorities in full.
These only apply when you SELL your shares. There are no regulatory fees on share buys.
These fees are:
- SEC Fee (sell side only), of $0.231 per $10,000 of sales proceeds, rounded to the nearest cent.
- TAF Fee (sell side only): $0.000119 per share (maximum of $5.95), rounded to the nearest cent.
For example, if you sell $2000 worth of Amazon, which is less than 2 shares, your SEC fee will be 5c and your TAF fee will be 1c. This is a total of $0.06 (6 cents). Remember with $0 brokerage, this is all you are paying to buy and sell the share.