We don't charge transaction fees
We don’t charge any fees for the following:
Buying or selling an asset
Funding your Wealth account
Withdrawing funds from your Wealth account
We do charge an annual management fee
We charge only a 0.01% annual fee on your average yearly portfolio balance, starting one year after your account is created. For example: if your average portfolio value is $10,000, you’ll pay just $1 per year.
Regulatory fees (we cover them for you!)
There are two standard regulatory fees applied when you sell a US security. But don’t worry, DolarApp covers 100% of these fees on your behalf.
These fees are charged by:
SEC (Securities and Exchange Commission): $27.80 for every $1,000,000 sold
FINRA (Financial Industry Regulatory Authority): a Trading Activity Fee (TAF) of $0.000166 per share, with a minimum of $0.01 and maximum of $8.30
Since DolarApp absorbs these costs, you never have to worry about them when executing a sale.