Raseed is free
Raseed is a free trading app that allows investors to trade stocks and exchange-traded funds commission free on all transactions. There is no minimum investment, either. Raseed's mission is to democratize finance for all, including those in the Middle East. We believe that everyone should have access to the financial markets, so we’ve built Raseed with everyone in mind to make investing friendly, approachable, and understandable for newcomers and experts alike.
The SEC and FINRA Trading Activity Fee (TAF) are regulatory fees charged on the sale of any security. These fees are automatically debited from the proceeds of any security sale. These minor fees only occur on the sale of a security and are equal to:SEC Fee = total price of transaction * $5.10 / 1,000,000TAF = $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 cent.Please note that this only applies to sell trades and that these fees are considerably small.Let's say you sell 1 share of Google for $150, the fee would be :SEC fee : $0.000765 rounded up to $0.01
TAF fee : $0.000119 rounded up to $0.01The total would be $0.02