- Getting Started
- Update my information
- Account and Trading Security
- Security of my funds
- Change my password
- What are inactivity fees?
- What is buying power?
- How to close my Hapi account?
- How to transfer stocks from another broker to Hapi?
- What happens to my assets in case I die?
- How does Hapi Fully Paid Securities Lending Program work?
- Documents and Taxes
Investing in Hapi
- Do I own my shares?
- How to buy a stock?
- How to sell a stock?
- What are Exchange Traded Funds (ETFs)?
- What are Fractional Shares?
- What types of orders can I find in Hapi?
- How do I Cancel a pending Order?
- ¿Qué es un Clearing House Fee?
- What is trade settlement?
- Where can I find my dividends?
- What's an IPO?
- What happens to my stocks if they get delisted from the stock market?
- Holidays in the Stock Market 2023
- Day trading
- Cash Account Violations
- Referral program
- Hapi Learning
What is the clearing house fee and how much it costs
When you submit an order to buy or sell a share (or a fraction of a share) using Hapi, that order is sent to Apex Clearing for execution.
Apex Clearing charges a USD 0.10 fee for whole shares and USD 0.15 fee for fractional shares to pay for their service, which is reflected in the price at which your order to buy or sell is executed.
How it works:
- Say the current market price for a share of HAPIS is $100.
- You have to keep in mind the $0.10 fee the clearing firm charges per trade of a full stock
- For the purchase of $100 worth of HAPIS you should add the additional $0.10
- You will own 1 full stock of HAPIS with a total cost of $100.10.
Is a Clearing House Fee a type of commission?
Hapi doesn't assess commission for trades. Apex Clearing, as clearing firm, charges a fee for transactions.
If you ever have questions, the team is always here for you, so feel free to contact us via email at email@example.com