The trade confirmation is the notice a broker sends after each trade, and it is the most precise document you will receive about it: the quantity, the price, the fees, the dates — everything Everyfolio asks for an operation is there, before the monthly statement even arrives.
What the notice contains
The security and the side. What was bought or sold, on which exchange, in which currency.
The quantity and the price. When an order was filled in several pieces — 100 shares in three lots at three prices — the notice gives the average price of the lots, and sometimes each lot. The gross amount is the quantity multiplied by the price.
The fees. The broker's commission, and sometimes other fees, from the exchange or for settlement, separate from the price. The net amount is the gross plus the fees on a purchase, the gross minus the fees on a sale.
Two dates. The trade date, that of the execution; and the settlement date, when the money and the securities actually change hands — one business day later in Canada, since May 27, 2024. Everyfolio records the trade date.
A neutral worked example
A buy order for 100 shares of a fictional security, filled in two lots: 60 at $20.00 and 40 at $20.10. The notice shows an average price of $20.04, a gross amount of $2,004, a $9.99 commission and a net amount of $2,013.99. The trade is dated the day of execution, the settlement the next business day.
What this changes for your tracking
Each field of the notice has its box in Everyfolio: the trade date, the quantity, the price — a single price for the 100 shares, the notice's average — and the fees, entered separately and included by the app in the cost basis. Once the operation is entered, the position's average cost is recomputed, and that is what the broker's statement has to match: the subject of reconciling Everyfolio with your statement. The average price of an order filled in several lots and the average cost of a position are two different averages — one over a single trade, the other over every trade in the security — which reading a broker statement explains.
Informative, general content — not personalized advice. For your situation: your institution or an advisor.
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