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10% comission?

Posted by: tazdevil78 on Sep 29, 08:33

I've had comission issues a few times with penny stocks. The comission formula seems, atleast to me, to be a little off for small transactions.

Exapmle, shorted 24,636 shares of Crystal Fairy at 0.22. Trade history reflects 0.22 so the price didn't drift. 1% comission should be 54.199 for a total trade of 5474.12. However, trade history shows 5912.64 was deducted from my balance. Where did the extra 438.52 come from?

Not that $400 is a lot of money, but its going to erase my profit for this trade and then some. Is this a little wonky or am I missing something?

Matthew

Ft Worth, TX





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