๐Ÿ‡ฎ๐Ÿ‡ฉ What is SEC & FINRA TAF fees?
Regina avatar
Written by Regina
Updated over a week ago

The SEC and FINRA Trading Activity Fee (TAF) are regulatory fees charged on the sale of any security. All your trades are fully backed by real shares in the US. When you sell, we need to sell the stocks backing your trade in the US. The SEC sell side fee & FINRA TAF fees apply when we sell the stocks and that is a cost we have to pass on to you. These fees are automatically debited from the proceeds of any security sale and is equal to:

SEC Fee = total price of transaction * $5.10 / 1,000,000

TAF = $0.000119 per share for each sale of a covered equity security with a maximum of $5.95 per trade.

Fees are rounded up to the nearest one cent.

PS: This only applies to sell trades and are very small.

For example, If you sell 1 share of Apple for $150, the fee would be :

SEC fee : $0.000765 rounded up to $0.01TAF fee : $0.000119 rounded up to $0.01

The total would be $0.02

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