Trading on InvestSky, with our brokerage partner, is completely free for stocks priced at $1 or above. However, for stocks priced under $1 (also known as low-priced securities), a flat fee of 1.5% of your trade value applies. This covers the higher operational costs associated with these types of securities.
How it works:
Your Order | Fee (1.5%) | Total Deducted |
$100 | $1.50 | $101.50 |
Good to know:
Stocks priced $1 or more → $0 commission
Dividend Reinvestment (DRIP) → $0 commission, even for stocks under $1