PRICING
Equities:$0.0299 per share (minimum $2.99 per trade)
Options:$0.65 per contract (+ $1.99 per trade)
| Service and Processing | Fee |
|---|---|
| Outgoing Wire Transfers (Domestic) | $25 |
| Outgoing Wire Transfers (Foreign) | $50 |
| ACAT position transfer (outgoing only) | $50.00 + Pass Through |
| Free DTC Deliveries and Receies | $25.00 / CUSIP |
| ADR Fees* | $0.01 - $0.1/share |
Broker-assisted Order (for self-directed accounts) | Equities: $0.0499/share (minmum $30/trade) Options: $0.99/contract (plus $30/trade) |
| Hard-to-Borrow Fee | Daily Hard-to-Borrow Fee = Collateral Amount Per Share x Share Quantity x Annual Hard-to-Borrow Rate / 360 Collateral Amount Per Share = Stock Closing price x 1.02 *(rounded up to the nearest dollar) |
| *ADR agents that sponsor American Depositary Receipts (ADRs) are permitted to charge the ADR holder an annual custody fee. The fee is administered through the Depository Trust Company (DTC). If the ADR pays a dividend, the annual custody fee can be deducted from that or DTC will pass through a separate annual custody fee, the same way it does when the ADR does not pay a dividend. In that case, the annual fee will be posted to your account by our clearing firm. The per share fee and the date the fee posts annually will differ by ADR and is determined by the ADR agent. The ADR fee is anywhere between $0.01 and $0.10 per ADR share held. | |
**Market data professional users will be charged a different rate for market data. Most exchanges and data vendors classify clients as either non-professional or professional. By default, organizations such as corporations, limited liability companies, partnerships and any account where the data is used for more than personal investment purposes is deemed to be professional. In addition, private persons may be considered professional if they are registered as a security or investment advisor, or act in a similar capacity. A trader who is employed by a financial services business may also be considered a professional. | |
*Commission, fees and margin rates are subject to change without prior notice.
| Debit Balance | Rate |
|---|---|
| $1,000,000 + | 8.75% |
| $500,000 - $999,999 | 9.75% |
| $250,000 - $499,999 | 11.25% |
| $100,000 - $249,999 | 11.75% |
| $50,000 - $99,999 | 12.25% |
| $25,000 - $49,999 | 12.50% |
| $1 - $24,999 | 12.75% |
| Margin rates effective as of 01/19/2023. Subject to change without notice. | |
| We provide up to 4 times day trading buying power and 2 times overnight buying power with a margin account. You must have at least $2,000 to qualify. Interest on margin trading is calculated on a daily basis and paid monthly. The margin rate is variable and is determined by the size of the margin loan. | |
*Commission, fees and margin rates are subject to change without prior notice.