What is Broker fee?

Broker fee is a transaction fee charged by our US brokerage partner, starting from July 2023. The broker fee is calculated based on the number of stocks (total shares), with a value of $0.01 per share. The fractional shares will be rounded up to the nearest whole share. 

For example, if you are buying or selling stocks $100 worth of stock of 0.5345 shares, the broker’s fee would be calculated as:

  • Number of shares: 0.5345 rounded up to 1 share
  • Broker fee: 
    • $0.01*number of share
    • $0.01*1 = $0.01 or approximately equivalent to ~IDR 150

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