With any investing approach, high expenses can have a big impact on your returns. That’s why we have affordable, competitive fees and $0 commissions that won’t get in the way of your financial goals.
Stocks and ETFs
Stocks and ETFs
$0 Commissions
• Commission-free trading on eligible U.S. stock, ETF, and Option trades.
• Wide selection of commission-free ETFs from market leaders such as Vanguard, GlobalX, iShares, and more – including a selection of socially responsible funds.
• Wide selection of commission-free ETFs from market leaders such as Vanguard, GlobalX, iShares, and more – including a selection of socially responsible funds.
Low-Priced Securities
We require a minimum opening purchase of $100 per order on OTCBB and Pink Sheet stocks. We don’t charge commissions for stocks and ETFs priced $2 and higher. Low-priced securities are charged a $4.95 base commission plus one cent per share on the entire order. We define a low-priced security as any equity below $2.00. In general, the maximum commission charge doesn’t exceed 5% of the value of the trade. If the principal value of the order is less than the base, the commission is equal to the full trade value.
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Options
Pricing
50¢ per contract traded
Bonds & CDs
Bonds & Treasuries
$1.00 per bond
($10.00 minimum, $250.00 maximum) per transaction
Certificates of Deposit (CDs)
$24.95 per transaction
Mutual Funds
Load
Purchases: $0
Sale: (subject to change from mutual fund)
No Load
Purchases: $9.95
Sale: $9.95
Service Fees
Service Fees
Account and Trading
Account and Trading
1099 Request for Exempt Accounts
$50
ADR and other foreign stock semi-annual charges
Typically $0.02 per share, subject to change
Foreign Stock Incoming Transfer Fee
$50 per position
Foreign Stock Transaction Fee (not ADRs)
$50 + regular commission
Single Exchange Listed Index Products
$0.35 per contract
IRA Closure
Fee
$25
Limited Trading Authorization (LTA) paper statement fee
$4 per account statement
Margin Reg T Extension
$10 + interest to settlement
date
date
Margin Sellout
Fee
$40 + regular commission
Non-transferable security charge per position
$20 per month
Option Assignment
$0
Option Exercise
$0
Option Position Management
$100
OTCBB and Pink Sheet Stocks
Minimum investment of $100 per trade
Paper
Confirmations
$2
Pre Pay Settlement
Fee
$20
Broker-Assisted Trades
$20 + regular commission
Short Stock Loan charges on hard to borrow stock.
Daily charge at cost
Statements > 2
years
$4
Tax document requests by fax and regular mail
$50
Unit Investment Trust
Purchase: $0 (Subject to charges from the UIT), Sale: $9.95
Vault Fee
$60 per year
charged monthly
charged monthly
Voluntary Reorganization
$50
Worthless Securities Processing
$30 Other fees may apply
Regular commission includes applicable option contract fees or low priced securities commission.
Account Transfers
Account Transfers
ACAT Transfer Out (Full or Partial)
$50
DRS Transfer
Fee
$115 per position
DWAC Transfer Fee
$50 per position + Any transfer agent fees up to $150
Outgoing
DTC
$25 per position
Stock Certificate Deposit DTC Rejection Fees
$175
Cashering
Cashiering
Check Stop
Payment
$30
Check Withdrawal
$5
Outgoing Domestic Wire Transfer
$30
Overnight Delivery
$50
Returned ACH
$30
Returned Checks
$30 Plus interest for any trades from the earlier of the settlement date or date of deposit
Returned 3rd Party Wires
$30
Stock Certificate Deposit DTC Processing Fee
$300 per certificate
Regulatory Fees
Regulatory Fees
ORF (Options Regulatory Fee)
$0.02235 per contract (buys and sells)
SEC
$5.10 per $1,000,000 principal (sells only)
TAF
.000119 per share (equity sells)
TAF
.002 per contract (option sells only)
Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. This fee is rounded up to the nearest penny. Bonds are also subject to a TAF fee and can be charged up to $0.75 per bond traded, regardless of the bond's par value.