Action

Calculate Your Personal PFOF Harm: A Tool for Retail Investors

You can estimate your personal PFOF harm using documented effective spread data from academic and regulatory research.

The Calculation

Effective spread degradation at PFOF brokers vs. non-PFOF is approximately $0.01-0.03 per share. Multiply by annual share volume for personal estimate. Monthly investor making 10 trades of 100 shares: $1-3 per trade = $12-36 per year.

PFOF harm calculatorpersonal PFOF costcalculate PFOF damage

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