Brokerage is charged when an order is:
- Filled completely, or;
- Partially filled and is cancelled or expires.
Brokerage charged on sell orders
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.
Brokerage charged on buy orders
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.