Cash App Investing accounts are free to open, require no minimum balance to maintain, and charge no commission fees.
Does Cash App charge regulatory and government fees?
While Cash App Investing does not charge any fees or commissions on buy or sell trades, there are fees that are required by government agencies (such as the SEC and FINRA). Keep in mind that many (if not all) brokerages are subject to these same agency fees. We will disclose these fees prior to the finalization of your trade, and they will be listed in the trade confirmation page.
What are these fees for?
The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) charge a fee to the broker dealer for sell orders only. These fees are charged on all sell orders by FINRA and the SEC across the market. We pass these fees along to regulatory agencies and do not benefit from them financially.
The trading activity fee (TAF) is charged to brokerage firms by FINRA (a non-profit agency) to cover the costs of regulation, supervision, and operation costs associated with the securities market.
The Securities and Exchange Commission (SEC) fee is charged by the US treasury that helps cover the cost associated with regulating markets and dealers.
What are the fee amounts?
The trading activity fees (TAF):
- The TAF for equity sales is $0.000145 per share per share sold.
- These fees are rounded up to the nearest penny and no greater than $7.27
The Securities and Exchange Commission (SEC) fee:
- The SEC fee is $22.90 per million dollars of covered sales
Does Cash App take a portion of these fees?
No. Cash App passes these fees along to the regulatory agencies and do not benefit financially from the collection of this fee.
Selling shares may have tax implications. If you have questions about your particular tax situation you should consult a tax advisor. Cash App Investing is a self-directed service; you are solely responsible for orders placed through your account. Cash App Investing does not provide investment advice or recommendations. Investing involves risk and you may lose money. Review the Disclosure Library and the Broker-Dealer disclosure for more on the risks involved with investing. Brokerage services provided by Cash App Investing LLC, member FINRA/SIPC.
Cash App Investing Broker-Dealer Disclosures