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It is safe to keep more than $500,000 in a brokerage account as long as the brokerage is a member of the Securities Investor Protection Corporation, which protects your account up to $500,000.
SoFi was founded in 2011 as a student loan refinancing company. In 2019, SoFi — , short for Social Finance — expanded into investment services, offering a user-friendly platform to new investors.
IBKR Lite has very low fees and commissions all around — from $0 stock and ETF trading, to futures trading for only $0.85 per contract. And crypto trading is very low at just 0.18% per trade ...
The U.S. Securities and Exchange Commission limits this fee to no more than 2%. But many funds, including VTWAX, have no redemption fees. 12b-1 fees. These fees cover marketing and distribution costs.
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Brokerage fees aren't created equal. Here are the fees that really matter, and when they matter.Image source: Getty Images. The 4 Most Important Things About Brokerage Fees