We wish to inform you of an upcoming change to our cost fee for the US equity markets. At ProsperUs, we are committed to providing you with transparent and competitive pricing, and this adjustment is aimed at aligning our services with market dynamics.
Effective 1 December 2023, our US equity markets cost structure will be as follows:
We understand that transparency is vital, so we’ve outlined a few scenarios to illustrate the impact of this change:
Scenario 1: Trading a stock that is priced below USD 10
Current Cost Structure: Under the current flat fee of USD 5, you will be paying USD 5 for trading 1 share.
New Cost Structure: With the updated pricing, you will be paying USD 0.01 for trading 1 share. However, there’s a minimum fee of USD 5 for stocks below USD 10.
To further elaborate, if you trade 10,000 shares of a stock priced below USD 10 under the current price structure, you will be charged a flat fee of USD 5. With the new cost structure, the same trade will be USD 100 (10,000 shares x USD 0.01 per share).
Scenario 2: Trading a stock that is priced above USD 10
For those trading a stock priced above USD 10, your commission remains unchanged at a flat fee of USD 5, which continues to offer a competitive advantage.
We want to reassure you that this price adjustment is in response to evolving market conditions and is designed to better align with the costs associated with providing our services. Our commitment to delivering quality service and value remains unchanged.
If you have any questions or concerns regarding this pricing update, please do not hesitate to reach out to our customer support team at [email protected]. We are here to assist you and address any inquiries you may have.