Account Fees
    • Type
    • Cost
    • Returned Check
    • $25
    • Stop Payment within 10 days
    • $25
    • Certificate Deposit Fee
    • $75
    • Certificate Transfer Agent Fee
    • $35
    • Certificate DTC Fees
    • $44
    • Certificate Review Fee
    • $400
    • DWAC or DRS Review Fee
    • $400
    • Forced Margin Sellout
    • $20 + Regular Commission
    • IRA Annual Maintenance Fee
    • $35
    • IRA Set-up Fee
    • $25
    • IRA Closing Fee
    • $75
    • Voluntary Corporate Actions
    • $20
    • ACAT - Outgoing
    • $50
    • Wire-Domestic
    • $25
    • Wire-Foreign
    • $50
    • Wire-Pre-Pay (before settlement)
    • $20
    • Overnight Mail
    • $20
    • Inactivity Fee - Quarterly (if under 15 trades)
    • $30
    • Physical Mail Confirmation
    • $4
    • Physical Mail Statement
    • $10
  • * There is also Section 31 regulatory fee of $0.0000174 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 4/1/2012)
  • * There is an FINRA TAF fee 0.000119 per share of securities sold with a maximum of $5.95 per trade. This fee is assessed for all SELL orders and is added to any total commissions charged. (as of 7/1/2012)
  • * Any hard to borrow short locate fees will be passed onto the client, these fees will vary.
  • * Certificate, DWAC and DRS 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.
  • * 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 $50 foreign stock charge 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.
  • * 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.
Margin Fees
  • Trading on margin gives you extra buying power to get into the positions you want. If you need leverage, we can offer discounts on margin interest rates based on your margin debit balance.

    Please contact a sales representative at 1-800-424-3934 for the most current clearing firm rates.

    * Leverage can lead to large losses as well as gains.

    * Exact margin rates are based on our clearing firm Current Debit Rate and will change frequently. The rates listed here are only representative and may not be current.
Optional Service and Exchange Fees
    • (applies to RealTick® users only)
    • Fly on the Wall News
    • $28 per month
    • COMTEX Real Time News - Equity
    • $28 per month
    • COMTEX Real Time News - Futures
    • $25 per month
    • CME Futures (Chicago Mercantile Exchange)
    • $89 per month
    • CME E-mini Futures (Chicago Mercantile Exchange)
    • $33 per month
    • CBOT (Chicago Board Of Trade)
    • $89 per month
    • CBOT E-mini Futures (Chicago Board Of Trade)
    • $17 per month
    • NYMEX E-mini Futures (New York Mercantile Exchange)
    • $38 per month
    • NYMEX (New York Mercantile Exchange)
    • $83 per month
Various Fees
    • Paper Statement Fee
    • $10 per month (electronic statements are free)
    • Mutual Fund Transactions
    • $35 per trade
    • Option Regulatory Fee (CBOE, ISE, PHLX, BOX)
    • $0.0145/contract
    • Annual IRA Maintenance Fee
    • $35
    • Excessive Cash Transaction Fee
    • $20
    • Wire Fee - Domestic
    • $15
    • Wire Fee - Foreign
    • $50
    • Wire Amendments/repairs
    • $15
    • ACH Notice of Correction
    • $5
    • ACAT Fee - Incoming
    • $5
    • ACAT Fee for IRA's - Incoming
    • $25
    • ACAT Fee for IRA's - Outgoing
    • $50
    • NYSE Extensions
    • $10
    • Overnight Delivery
    • $20
    • Overnight Foreign Delivery
    • $30
    • Overnight Saturday Delivery
    • $25
    • Prepayment
    • $25
    • Stop Payment
    • $30
    • Insufficient Funds - Checkwriting
    • $30
    • Returned Check
    • $25 per check
    • Inactive Account Safekeeping Charge
      (Charged per a/c with less than 1 trade per year)
    • $50
    • IRA Closing Fee
    • $60
    • Margin Sell out Fee
    • $25 each
    • Non-transferable stocks
    • $7.50 per month each
    • Re-Org Items and Tenders
    • $50 per item per account
    • Worthless Security Trades
    • $1
    • Deposit Physical Certificates
    • $135 ($200 - Foreign)
    • Deposit Electronic Certificates
    • $30
    • Restricted to agent
    • $60
    •       Plus TA fee
    • varies
    •       Plus UPS fee
    • $40 per cusip
    • Restricted to DTC
    • $210 per cusip
    • ACH Recalls/Reversals
    • $30 / Returned Wire $30
    • ACH Return
    • $30 / Wire Recalled $30
    • Wire Investigations
    • $50 / MM Check Re-orders $10
    • Transfership request to mail a certificate to the customer
    • $135  per certificate requested (if more than one certificate for same cusip this is another $135.00 per certificate)
    • DRS certificate surcharge
    • $115 per certificate in addition to the $135.00 fee above. If a client requests a certificate for an item showing DRS there is a surcharge. Margins will need to know before request is approved. Transfership will note on the request.
    • DTC Delivery
    • $10
    • Restricted Transfer
    • $205 per security
    • Accommodation Transfers (T&S)
    • $235 per security
    • RUSH transfer ship fee
    • $350 per certificate.
    • DWAC and DRS
    • $50 plus any transfer agent fee. If there is a reject due to  customer invalid info the customer will be charged transfer agent fee which varies by agent.
    • ESOP trade
    • $100 per trade
    • Quarterly
    • $15 per account per cusip
    • Withdrawal From Safekeeping
    • $40 per withdrawal
    • Limited Partnerships/Private Placements 5&1
    • $250 per investment
    • Safekeeping
    • $75 each per quarter
    • Inactivity Fee
    • Quarterly (May be charged if under 15 trades/qtr.) - $30
Non-DTCC Eligible Fees
    • Execution Fee
    • $80
    • Deposit Fee
    • $75
    • New York Window Fee
    • $34
    • Additional Transfer Agent pass-through fees
    • $25 - $500
Interest Rates
    • Credit Interest Rate
    • 0.10% ^ Accrued Daily
    • Margin Interest Rate
    • 7.45% ^ Accrued Daily

^ Interest rates fluctuate with market conditions; For current rates please call.

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