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I can’t figure out from my Schwab records how exchange fees are determined on some trades I made recently. I’m getting nicked for both buys and sells of a small-cap Spanish firm, and a separate fee for each fractional lot to boot. I pay just a few cents for a US stock or ETF, but it’s several dollars for an ADR trade that is under $5000. I fear the explanation may be arcane.
Comments
I search but cannot locate any. A short description is enclosed below.
https://schwab.com/stocks/understand-stocks/adrs-foreign-ordinaries-canadian-stocks