written by reader Foreign settlement fees?

by bluesharpbob | July 26, 2013 9:35 am

I’m a fairly new irregular & have a question. STTYF was down to $1.63 today,& I decided to jump in. When I went to purchase shares through my Fidelity account, I was surprised to see they were tacking on an estimated $50 ”foreign settlement fee”. I have bought SAND several times through them & never ran into this fee before. Do other brokers charge this fee too? Does anyone know a way to avoid it? Thanks for any info you can provide.

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