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What is the Trading Activity Fee (TAF) and why is it charged to my account?

April 26, 2017activity charged fee my account TAF trading

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What is the Trading Activity Fee (TAF) and why is it charged to my account?

1 Answer

0

10 Posted

The FINRA assesses the TAF on its members through clearing and self-clearing firms at a rate of $.000075 per share, with a maximum of $3.75 per trade on all liquidation (sell) orders. These fees are passed through from Zecco Trading to client accounts as a non-commission fee.