When you sell shares on U.S. markets, a couple of regulatory fees apply in addition to your regular brokerage fee. These charges are set by U.S. market regulators and apply to all traders – not just Stake customers. These fees are automatically applied to sell orders and will appear on your trade confirmations and in your Tax & Documents section on Stake.

What is the SEC fee?

The SEC fee is a regulatory fee charged by the U.S. Securities and Exchange Commission (SEC) on sell transactions only. It helps cover the costs of regulating equity markets and maintaining the market infrastructure.

Rate: 0.0000206 × transaction value (minimum US$0.01, subject to change without notice)

What is the Trading Activity Fee (TAF)?

Charged by FINRA to support the operation and oversight of U.S. markets.

• Rate: US$0.000195 per share sold

• Maximum charge: US$9.79

• Minimum charge: US$0.01

What is the ADR Fee?

These are periodic fees intended to compensate the agent bank that is providing custodial services on behalf of the ADR.

• Rate: $0.01 - $0.03 per share per quarter