Get to know your investing fees

Our goal is to make it easy and affordable to start investing with the Plynk app. We’re committed to being fully transparent about fees, so you know exactly what you’re paying (and even better: what you’re not paying).

There are many different types of investing fees that exist, so let’s break it down.

Here are the investing fees you won’t pay with the Plynk app:

• - Commissions
• - Custody fees
• - Annual fees
• - Mark-ups or spreads

Here are the investing fees you’ll pay with the Plynk app:

- Expense ratios (for funds): If you decide to invest in funds, you’ll likely pay what’s called an expense ratio. This is a yearly fee that covers the costs of operating the fund you’re invested in (like the fund manager’s salary, legal fees, and administrative costs). Each fund may have a different expense ratio.

You don’t get a bill for these fees or see it on an account statement. Instead, they’re automatically taken out of the money you invest. So if you invest $10 in a fund with an expense ratio of 1%, $0.10 is taken out as the fee and $9.90 is invested.

To find a fund’s expense ratio in the Plynk app, go to its “Performance” tab. Then scroll down to “View Full Performance” and you’ll see expense ratio.

- Customer fee on crypto trades: For each trade made in your Paxos crypto account, there is a small fee. For crypto trades $100 and under, the fee is $0.50. For crypto trades above $100, there’s a 0.5% fee.

This customer fee is added to the total amount of your crypto trade. For example, if you buy $10 worth of crypto, the total amount you’d pay would be $10.50 with fees. If you buy $200 worth of crypto, the total amount you’d pay would be $201.00 with fees.

Why fees matter

It’s important to take a close look at an account’s fees before making the decision to invest. Because while $5 here or 3% there may seem small, those charges can really add up over time, especially when you consider compound growth. The higher your fees, the less money getting invested (and therefore the smaller potential for growth over time).