Trade confirmation

A trade confirmation is a record of an executed order sent to you by your broker. Trade confirmations are sent to confirm that a transaction has taken place, and you will receive one after each trade you make.

These can be used to assist with tax reporting or to resolve any discrepancies. Confirmations can also be checked against monthly statements to ensure they accurately reflect the trades made on an account.

Trade confirmations also confirm the exact price at which a trade was executed.

What information is included in a trade confirmation?

A trade confirmation will typically include key details about a trade. This may include the market traded, the date and time of execution, the cost, the net value, and any additional charges applied by the broker, such as commission.

Including this information helps to verify the details of a trade. Having these details formally recorded helps to reduce the risk of disputes regarding the price, costs or execution of a trade.