A Greek trireme. A Trireme is an ancient oar-driven warship powered by about 170 oars men. It was long and slender, had three tiers of oars and one sail. On the bow was a battering ram that was used to destroy enemy ships. The tip of the ram was made of bronze and could easily slice through the side of a wooden ship.
When you buy 1,000 shares of Ford at $14 and your broker charges you a $10 commission, your cost basis is $14,010 for those shares. That transaction is given a unique tax lot ID so you and the IRS can track those shares separately from other Ford stock you might buy later.
All options trades have a maximum charge of 5% of the principal amount. Mutual Funds: Through Fidelity investors have access to over 12,000 different mutual funds through the Fidelity FundsNetwork. Funds that are not No Transaction Fee (NTF) cost $49.95 per trade.Note, unlike most brokers, Fidelity alongside Charles Schwab only charge for the original purchase. There is no additional charge for redemption (ie selling).idelity, like its closest competitors, uses a simple, flat-fee trading commission structure. Stock trades are $7.95, and option trades run at $7.95, plus $.75 per contract, which are rates similar to those found at TD Ameritrade, ETRADE, Charles Schwab, and Scottrade.