Reverse split, reorg and tender-offer fees
Last updated · 14 official sources (listed below)
Some brokers charge you when a company you own does a reverse split or merger, or when you tender shares. Here's who, and how much.
| Broker | Reverse split / mandatory reorg fee | Fractional shares after a reverse split | Voluntary reorg / odd-lot tender fee |
|---|---|---|---|
| Charles Schwab | $0 | not published | $0 |
| Fidelity | $0 | not published | $0 |
| Interactive Brokers | $0 | not published | $0 |
| Merrill Edge | $0 | not published | $30 |
| Webull | $0 | Depends on issuer | $50 |
| TradeStation | $30 | not published | $50 |
| E*TRADE | $38 | not published | $38 |
| Public | $50 | not published | $50 |
| Ally Invest | not published | not published | $50 |
| Firstrade | not published | not published | not published |
| J.P. Morgan Self-Directed (Chase) | not published | not published | not published |
| Robinhood | not published | Keeps fractions (usually) | $0 |
| SoFi Invest | not published | not published | $50 |
| Vanguard | not published | not published | not published |
| Wealthfront | not published | not published | not published |
| moomoo | not published | not published | not published |
| tastytrade | not published | not published | $50 |
Sorted cheapest first. "Not published" means the broker doesn't list it on an official page we could find. Click any value for the quote and source.
Related: all fees · head-to-head comparisons · cash rates
Sources
- https://cdn.robinhood.com/assets/robinhood/legal/RHF%20Fee%20Schedule.pdf
- https://mlaem.fs.ml.com/content/dam/ML/pdfs/me-self-directed-fees.pdf
- https://public.com/disclosures/fee-schedule
- https://robinhood.com/us/en/support/articles/mergers-stock-splits-and-more/
- https://tastytrade.com/commissions-and-fees/
- https://us.etrade.com/what-we-offer/pricing-and-rates
- https://www.ally.com/invest/commissions-and-fees/
- https://www.fidelity.com/trading/commissions-margin-rates
- https://www.interactivebrokers.com/en/pricing/other-fees.php
- https://www.schwab.com/legal/schwab-pricing-guide-for-individual-investors
- https://www.sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf
- https://www.tradestation.com/pricing/service-fees/
- https://www.webull.com/help/faq/10845-Participation-in-Voluntary-Corporate-Actions
- https://www.webull.com/help/faq/431-Corporate-Actions-Introduction
Each source was read on or before Oct 30, 2026. Fees and rates change; confirm on the broker's site before acting.