I’m learning still and new to trading. Bought USO buy limit 13.22. It was filled at 13.38? Is there an additional fee added to ETFs? What am I missing?

I called. They add the commission into the price per share to reflect total cost.

  • 1
    Additional fees would not be reflected in the price, but as a separate "transaction cost". Have you contacted your broker or provider to see what they say? Are you sure it wasn't a "stop" order?
    – D Stanley
    Apr 17 '19 at 14:02
  • Is your broker Fidelity by chance? They add commission to the cost basis, which is displayed as "cost" in some places.
    – TainToTain
    Apr 17 '19 at 22:11
  • That's a disadvantage of most ETFs, there is a spread between buying and selling price - but therefore you can trade them immediately. If you buy your broker's index funds, they are mostly free of that, but they trade once a day only.
    – Aganju
    Apr 17 '19 at 22:44

If you placed a limit order to buy USO at $13.22 and your fill price was $13.38 then:

  • You placed the order incorrectly (a market order?)

  • You're looking at the cost basis which includes the commission

  • Your broker screwed up

Call your broker for clarification.


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