Questions?
We have answers

Fractional Order Price - Rounding Differences

When you enter a fractional order, you may notice a difference between the statement and the platform average prices. This is a result of the platform only having penny accuracy. 


For example if your sell order for 0.09 shares executes at $34.59 per share your profit is $3.1131 but the system rounds to the penny so you get $3.11. The system then calculates the average price as $3.11 / 0.09 shares = $34.56 (again rounded to the penny). Your statement however has the executed price which is different from the final effective average price because of rounding.

SUGGESTED READINGS

Order types we support

We currently accept two types of orders: market orders and limit orders. What are market orders? Market orders are orders that are...

Trading stocks

Passfolio charges no commission fees* in stock trading, which helps investors keep more of their money. To trade a stock, please follow...

Stock trading fees

We do not charge commission fees to trade stocks priced US$ 5 or more. For stocks that are priced below US$ 5, there is a US$ 0.02 charge...

Share article
Copied!

Passfolio is your US stock broker available in over 170 countries. Sign up today to invest the US!