Calculate precise net profit for NYSE and NASDAQ trades including statutory SEC and FINRA fees.
Fees calculated using 2024 standards: SEC Section 31 fee ($27.80/$1M) and FINRA TAF ($0.000166/share). Brokerage is usually $0 for most US apps.
Net Realized P&L
Buy Value
$15,000
Sell Value
$16,500
Breakeven
$150.00
Tax Eligibility
Standard Equity Trade
While many US brokers offer "zero commission" trading, no trade is truly free. Every sale on a US exchange (NYSE, NASDAQ, BATS) triggers statutory regulatory fees that are deducted from your proceeds.
The Securities and Exchange Commission (SEC) requires exchanges to pay a fee based on the total dollar amount of securities sold. As of May 2024, the rate is $27.80 per $1,000,000 of sales ($0.0000278). This fee applies only to sell orders.
FINRA charges a fee to recover the costs of supervising and regulating firms. The current rate is $0.000166 per share for equity sales, with a maximum cap of $8.30 per trade. Like the SEC fee, this typically only applies to sells.
Platforms like Robinhood, WeBull, and Fidelity offer $0 commissions for standard online equity trades. However, if you use a full-service broker or trade specific securities (like certain ADRs or OTC stocks), you may still incur a flat fee.
Even with $0 fees, high-frequency traders should watch the "Bid-Ask Spread." Our calculator helps you identify your Breakeven Price, which is the minimum price you must sell at to cover all regulatory costs and any commissions paid.
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