FolioFirst pricing is simple and straightforward – you receive all of our great brokerage features, including commission-free security trading (up to 2,000 trades per month in twice-daily trading windows), for one flat fee of just $5 per month. And that one fee covers as many accounts as you need – individual, joint and retirement (there is a separate $25 annual reporting fee for IRA accounts only).
Other fees may apply for special services. See details of additional fees here.
Trading Service Fees are fees to offset regulatory, transaction, and processing costs imposed on brokers relating to sell transactions in certain securities. The fees include the FINRA Trading Activity Fee (TAF) and other fees imposed by the NASDAQ trade reporting facility and DTCC, and are calculated for certain securities based on the sale proceeds and the number of shares sold.
Trading Service Fees are calculated using the following formula and are rounded to the nearest penny.
Trading Service Fees = [($0.000119 * shares sold in each trade) or $5.95, whichever is less] + [$0.0000184 * sale proceeds in each trade] + [($0.00002 * sale proceeds in each trade) or $5.00, whichever is less]
For example, if you sold 200 shares of a security for $5,000.00, the Trading Service Fees would be equal to $0.22. $0.22 = [($0.000119 * 200) + ($0.0000184 * $5,000.00) + ($0.00002 * $5,000.00)]