Zero brokerage commissions sound good, but your trade may not actually be free – as a Tiger Brokers customer found out the hard way. As reported in The Business Times (BT), the customer had recently sold about US$5,000 worth of US penny stocks. Not aware of the fine print regarding settlement fees, he was shocked when he saw a deficit of US$11,000 in his account after selling his shares. It turns out that Tiger Brokers charges a settlement fee of US$0.003 per share with no maximum cap. BT reports that moomoo, another zero-commission online brokerage, charges a similar fee. The takeaway from this episode is that zero commissions don’t always mean free trades. Additional fees may be hiding in the fine print of different fee schedules. At Syfe, we believe in being transparent about our fees. The free trades we offer are truly free, with no platform fees and...