Commissions
We will do our best to increase your profitability
potential by reducing your cost of doing business and giving
you a reliable product to conduct your trading business.
If you are part of a trading group and need
to go right to the top, please ask for our trading group department.
If you do not see a commission rate below that works
for you, please contact our sales department at 1-800-874-3039.
Direct Access Commission
Rates:*
As of April 10, 2010 for New Accounts.
|
Type |
Cost Per Trade
or Per Share |
| Equity
Trades |
Plan
A - Per Trade |
| |
$2.95 per trade
@ 1500+ trades per month
$5.95 per trade
@ 1000-1499 trades per month
$7.95 per trade
from 1-999 trades per month
|
| Equity
Trades |
Plan
B - Per Share |
| |
$0.004 per
share - No minimum per trade
|
| Equity
Trades |
Plan C - Beat the Street |
| |
Beat or Match your current rates.**
|
|
Options
Trades |
Electronic |
| |
$1.00 per
contract
|
| Futures
Trades |
Electronic* |
| |
$1.00 per
contract per side
|
| Bonds
Trades |
$50.00
per trade |
| Mutual
Funds |
$50.00
per trade for no load |
* Plan A commission
guidelines shown are based
on previous month's activity.
* Clients with out trading software call in trades
are $30
per ticket.
* DVP and Institutional accounts may not qualify for
these rates
* Futures trades are plus exchange and NFA fees
* Option exercise or assignment will be charged $30
each
* All commission rates are negotiated. Rates shown
above are only guidelines of rates you may qualify
for based on your activity. Please
contact us
to negotiate rates.
**Equities only. Must be a nationally
advertised rate from a national broker/dealer. No verbal
or emailed rates. In some cases, we may choose not to
beat or match rates.
SPECIAL OFFERS
Any special offers or commission deals we offer that
are not accepted, by the client by opening and funding
an account within 30 days, is automatically considered
voided. After 30 days the offer would go back to the
default deals listed above. Commission rates as
shown may not be valid with any other special offer or with other
pre-negotiated rates.
Account Protection / Insurance
- Stock USA Execution Services
Member of
SIPC,
which protects securities customers of its members
up to $500,000 (including $100,000 for claims for
cash). Explanatory brochure available upon request
or at
www.sipc.org.
Our clearing firm,
Penson Financial Services, has purchased an
additional insurance policy through a group of
London Underwriters (with Lloyds of London
Syndicates as the Lead Underwriter) to supplement
SIPC protection. This additional insurance policy
becomes available to customers in the event that
SIPC limits are exhausted and provides protection of
securities and cash up to an aggregate of $600
million. This is provided to pay amounts in addition
to those returned in a SIPC liquidation. This
additional insurance policy is limited to a combined
return to any customer from a Trustee, SIPC and
London Underwriters of $150 million, including cash
of up to $2 million. This additional insurance is
through a third party provider and is NOT offered by
the
Securities Investor Protection
Corporation (SIPC).
This additional insurance does not protect against
market depreciation, fluctuation or trading
losses.
INTERNATIONAL EXCHANGES*
|
Exchange |
Commission Rate |
|
Canada TSX |
.05 |
|
London |
1% |
|
Paris |
1% |
|
Amsterdam |
1% |
|
Brussels |
1% |
|
Lisbon |
1% |
|
Xetra |
1% |
|
Stockholm |
1% |
|
Helsinki |
1% |
|
Madrid |
1% |
|
Milan |
1% |
|
Copenhagen |
1% |
|
Oslo |
1% |
|
Virt X |
1% |
* International exchange trades must
be called into our trade desk and there is a $50
minimum commission per trade on those orders.
* Commissions for our auto trading
service for stocks are .01 per share with a $9.95
minimum per trade for stocks and $9.95 per trade plus
$1.25 a contract for options.
 |
