FEES

How much does it cost to invest in the US with Passfolio?

We are often asked how it is possible to offer commission-free US stock trading to people in over 170 countries in the world.* When people hear about our service they may not believe it and think it is too good to be true.

Here you’ll find everything you need to know about our fees.

* Securities less than $5 cost $0.02 per share traded.

TED/PIX transfer (Brazil only)
TED/PIX transfer (Brazil only)
1.45% + IOF 0.38%
Bank transfer (Nigeria only)
0.5% + 1.4% (Max ₦2,000)
Wire transfer or ACH transfer
$0
Deposit Amount

R$

Fees: 1.45% + IOF 0.38%

123

IOF (0.38%)

US$ Spot Rate + 0.95%

Passfolio fee (0.5%)

Estimated amount

Fees: Fixed 0.5% Fee + 1.4% (Max ₦2,000)

1234

Currency conversion fee (1.4%):

US$ Spot Rate

Passfolio fee (0.5%)

Estimated amount

Fees: $0

Currency conversion fee:

Estimated amount

US$0

Estimated Amount

US$

TED transfer (Brazil only)
TED transfer (Brazil only)
1.45% + IOF 0.38% + R$2.00
Bank transfer (Nigeria only)
0.5% + 1.4% + ₦55
Wire transfer (US only)
US$ 25
Wire transfer (Others)
US$ 35
ACH transfer
US$ 0.25
Withdraw Amount

US$

Fees: 1.45% + IOF 0.38% + R$2.00

123

IOF (0.38%)

USD Spot Rate + 0.95%

Passfolio fee (0.5%)

Estimated amount

TED fee (R$2.00)

Fees: 0.5% + ₦ 55

123

Currency conversion fee:

USD Spot Rate

Passfolio fee (0.5%)

Estimated amount

Fees: $0

Wire Transfer (Third party fee: $25)

Estimated amount

US$0

Passfolio fee:

$0

Estimated Amount

R$

** Please keep in mind that this is simulator. Rates may vary and small differences may occur depending on the Dollar/Real rate.

No hidden fees:

COMMISSION FEES FOR STOCK TRADES

Trade stocks, ETFs, REITs and ADRs priced at least $5* as much as you want, without worrying about commission fees.

ACCOUNT OPENING FEES

Creating an account on Passfolio is free. You just need to be 18 years old or more and submit some basic information during the sign up process.

MAINTENANCE FEES

There is no cost to open or maintain your account with our base program.*

* Securities less than $5 cost $0.02 per share traded. Other charges and fees may apply for Passfolio Pro. Learn more here.

** Passfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Securities and cryptocurrencies are very different types of assets. Cryptocurrencies are not securities. Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure. Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker dealer. Cryptocurrencies are not protected by either FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. To purchase securities using cryptocurrencies, you must first convert it into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.

What you may pay for:

What you may pay for:

DEPOSITS

When funding your account, different fees may apply.

Ⓘ Please also check third-party fees, from your bank for example

TED/PIX Transfer

1.45% currency conversion fee + 0.38% IOF

Bank Transfer (Nigeria)

Fixed 0.5% Fee + 1.4% (Max ₦2,000)

Wire or ACH Transfer

$0 **

Crypto

BTC, BCH, ETH, LTC or ZEC*

$0

Other methods

TransferWise, RemessaOnline, etc.

$0

TED/PIX instant transfers are available from 8AM to 1:15PM EST.
Bank Transfer (Nigeria) instant transfers are available from 6:10AM to 1:30PM EST.

WITHDRAWALS

When you withdraw money from the app, different fees may apply.

Ⓘ Please also check third-party fees, from your bank for example

TED Transfer

1.45% currency conversion fee + 0.38% IOF + R$2,00

Bank Transfer (Nigeria)

Fixed 0.5% Fee + ₦55

Wire or ACH Transfer

Wire (US) - $25
Wire (others) - $35
ACH - $0.25

TED/PIX instant transfers are available from 8AM to 1:15PM EST.
Bank Transfer (Nigeria) instant transfers are available from 6:10AM to 1:30PM EST.

CRYPTO TRADES

If you want to trade cryptocurrencies, different fees may apply.

Ⓘ Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN.

Market orders

We charge a price spread of 0.5% over your order size, plus a fee based on total order amount

+ $0.99 on orders up to $10
+ $1.49 on orders between $11 and $25
+ $1.99 on orders between $26 and $50
+ $2.99 on orders between $51 and $200
+ 1.5% on orders above $200

Limit orders

1.5% per order

ACCOUNT TRANSFERS

If you want to transfer your assets from or to another US broker-dealer.

ⓘ We offer a $100 reimbursement for incoming account transfers worth over $2,000. Click here to learn more.

Internal Transfer

From/To DriveWealth

$0

ACAT

*Fractional shares are not transferable

Incoming - $0
Out (US citizens) - $50
Out (non-US citizens) - $100

Others

*Fractional shares are not transferable

DWAC - $75/position
DTC Deliveries/Receives - $15/position
DRS Transfer - $50/position

PASSFOLIO PRO

Passfolio Pro is a premium subscription plan that offers access to advanced features, such as Margin Trading, Advanced Orders and our Dividend Reinvestment Program (DRIP).

Pro Subscription Fees

If you decide to join Passfolio Pro

$5/month or $50/year

Margin Interest

Charged on the amount borrowed, in addition to the Pro subscription fee

8% per year + Federal Funds Rate

(0.25% as of 01/19/2021)


Ⓘ Margin rates are variable and may vary during the time you have an outstanding loan.

For more information on Margin, please see our Margin Risk Disclosure Statement, Margin Account Agreement, and FINRA-Understanding Margin Accounts here.

* Passfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Securities and cryptocurrencies are very different types of assets. Cryptocurrencies are not securities. Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure. Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker dealer. Cryptocurrencies are not protected by either FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. To purchase securities using cryptocurrencies, you must first convert it into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.

** For returned wire transfers we charge a fee of $25.00 per transfer.

Additional wire transfer fees charged by any originating, intermediary, or recipient bank may apply. Both incoming and outgoing wire transfer reversals are subject to wire transfer reversal fees.

Federal, state or local taxes charged by the customer's country of origin may apply.

Processing and service fees assessed by third parties may be passed through to the customer's account. Some products and services may require additional fees or transaction minimums not specifically listed here.

Questions?

We are here to help. Our support team speaks English, Portuguese and Spanish, and is ready to help you with anything you need through our Contact Form