What is a Clearing House Fee?

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 contacto@imhapi.app

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All investments involve risk, including the loss of capital. Hapi offers self directed investment accounts for those investors who feel comfortable managing their own investments. For a full list of our disclosures, please visit our disclosures page.

Hapi Securities LLC is an SEC registered broker-dealer, a member of the Financial Industry Regulatory Authority (“FINRA”) (CRD number 311868), and Securities Investor Protection Corporation (“SIPC”), which protects securities of its members customers for up to US$ 500,000 (including US$ 250,000 in cash). For additional information visit SIPC Please note, SIPC covers the return of your securities should Hapi become insolvent, not against the decline of your securities. Click here. for Hapi’s form CRS, which describes Hapi’s products and services.

Hapi is a company incorporated and operated in the United States of America. It is the client's responsibility to ascertain the legal requirements that the current legal framework applicable in its country of residence establishes about the services provided by Hapi, as well as to ascertain whether the current legal framework applicable in its country of residence allows using the services provided by Hapi. When you use Hapi you are operating in the United States of America. This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Hapi is not registered, or Hapi’s operations contravene local laws.

Hapi offers commission free trading. However, certain fees may apply to certain products, operations and investments. Please refer to our full Fee schedule.

Cryptocurrency execution and custody services are provided by Apex Crypto LLC through a software licensing agreement between Apex Crypto LLC and Hapi Crypto LLC. Cryptocurrency trading is offered through an account with Apex Crypto. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please ensure that you fully understand the risks involved before trading.