Why is it that when i buy stocks using tiger brokers, it eventually fulfils at a higher price?

Hi Anon,

Chris is right about this! The price that you see under 'trade' takes into account all the fees you paid for that transaction, including commission + platform fee + GST. For US stocks, this amounts to 2.14 USD.

But you can verify the price that you actually bought each unit of the stock under your order details.

The 'effective' unit price you see under 'trade' should be the base unit price + 2.14/(number of shares bought).

Hope this helps!

Regards,
thefrugalstudent

Have you factored in the commissions?

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For example, buying 100 shares of company X at $1 a share will lead to an average cost of $1.0199 per share, assuming a commission of $1.99. ( (100 * 1 + 1.99) / 100).

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Do note that even on commission free trading, Tiger seems to charge a platform fee of around 4c so if you purchase like 1 or 2 shares, this can raise your cost above your limit order price as well.