Brokerage is charged when an order is:
- Filled completely, or;
- Partially filled and is cancelled or expires.
Brokerage will be taken from the proceeds of your sale.
If the proceeds of the sale are less than the $9.50 brokerage, the difference will be taken from your cash balance which may send it into a negative balance.
If submitting a buy order, the brokerage will be deducted from the total order value you have placed.
For example, if you want to buy $5,000 of a security, that $5,000 will include $9.50 in brokerage.
If submitting a quantity/units order, the $9.50 will be added to the total estimated value. For all buy orders, you will need to have funds available in your account to be able to submit the order.