Commission Fees

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Per-Trade Pricing
Starting at
$4.49/trade*

Per-Share Pricing
Starting at
$0.0044/share*

Options Pricing
Starting at
$0.40/contract*

Account BalanceEquities: Per-TradeEquities: Per-ShareOptions
$25,000+$4.49$0.0044$0.40 Per Contract
Under $25,000$6.95N/A$0.40 Per Contract
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* $1.99 minimum order charge applies to all equities and options orders.

* Routing, Software, and Account fees may apply.

* Options Contracts: Software and account fees may apply. See Characteristics and Special Statements

There is also Section 31 regulatory fee of $0.0000218 of the total dollar amount of securities sold. This fee is assessed for all SELL orders and is added to any total commissions charged. (as of February 10,2016)

There is a FINRA TAF Fee $0.000119 per share of securities sold with a maximum of $5.95 per trade. This fee is assessed on all SELL orders and $0.0002 per option contract and is added to any total commission charged.

Any hard to borrow short locate fees will be passed onto the client, these fees will vary.

Certificate and DWAC deposits and transfers may incur substantially higher fees based on various factors that are not listed on this page.

Clients who do not elect to receive their confirmations and statements electronically will be charged $4 per confirmation and $10 per statement that is physically mailed. If clients request these documents to be sent electronically by email, then there is no fee for that delivery.

An inactivity fee of $30.00 per quarter will be charged unless 15 trades per calendar quarter are executed.

Clients cannot trade any foreign stocks trading is U.S. dollars. These stocks are generally 5 letter stock symbols ending in F. If a client does trade a foreign stock ending in F, there will be a foreign stock charge, as incurred per symbol per day. There will also be interest of 6 basis points annualized on these stocks based on the total position dollar value.

Trading non-DTC eligible securities will incur additional settlement fees including; a DTC Physical Trade fee of $150 and a shipping fee $40 (when necessary). There may also be a NYW fee and a TRF AGENT fee, which will vary and may be substantial.

Illiquid Securities Policy – All clients of our firm in aggregate cannot trade in excess of 10% of the previous 20 business day average trading volume of any stock on any day regardless of the stock’s price. In addition, for stocks trading below $1 per share, clients cannot ever trade more than 25% of the current day’s trading volume. There also cannot at anytime ever be more than 5,000,000 shares of any one stock settling during any 3 business day settlement period for our entire firm. If a client trades in excess of these restrictions, then their accounts will be subject to fees and interest charges and possible buy in or sell out of the violating position during the 3-day settlement period of those trades. There will be a $300 fee for any trade that is in violation of this policy. The interest charges will then be assessed on an illiquidity requirement imposed on the clearing firm, which could be many times the value of the trade. The interest rates charged to clients who violate these restrictions will be a minimum overnight rate of 15% of the illiquidity requirement. These are only guideline amounts and lower trading volumes can also trigger illiquid charges, which will be passed through as well. Repeated violations of this policy will result in the account being closed.

The fee information listed here is for informational purposes only. These fees are subject to change at anytime and those changes may not be accurately reflected on this page. This is only a partial list of additional fees.