Fee that we charge to facilitate the settlement of a transaction, dividends or other relevant cash distributions includes currency conversion rate we receive from our third party currency conversation provider and a mark-up for a total fee of 45 basis points (bps).
The relevant regulatory fees imposed by the SEC or FINRA will be charged to you even when we do not charge commission. As applicable, the SEC and the TAF fees are deducted in USD directly from your proceeds following a sell transaction.
Every time you sell your stocks, the SEC and FINRA charge fees on the sale. The SEC charges $8.00 for every $1,000,000 (or $0.000008 per dollar), and FINRA charges $145 for every 1,000,000 shares (or $0.000145 per share) sold up to a maximum of $7.27 per trade. The FINRA fee is also known as the TAF, or Trading Activity Fee.
The relevant regulatory fees imposed by the SEC or FINRA will be charged to you even when we do not charge commission.
You will only be charged for orders which are executed. Any fees charged in connection with your trades will be debited from your Plum Account.
The relevant fees for orders that have executed are available on the ‘trade confirm’ that is provided to you.
For additional details on Fees, please see Section 8 “Fees and Taxes” in Plum’s Stock Investments Terms and Conditions.
We waive any service charge fees for Premium subscribers, so they only pay the BlackRock fund manager fee (see below).
All other Plum customers (excluding Premium subscribers) will be charged a yearly 0.20% service charge fee by Plum, based on the daily balance held in the fund.
Where applicable, this fee will be collected from your Primary Pocket on the first day of each calendar month.
All customers, regardless of their subscription tier, will be charged a fund management fee of 0.10% by BlackRock.
The fund value is automatically updated to reflect BlackRock’s fee, so you won’t see it as a separate charge.
Annual Cost - Example of fees
This illustration shows example fees for different levels of investment, ranging from 500€–5000€.
|Principal investment||Plum’s service fee
(waived for Premium subscribers)
|BlackRock’s management fee||Total fees|