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Account Fees

Account Fees

Type Cost
Returned Check $30
Stop Payment within 10 days $30
Certificate Deposit Fee $75
Certificate Transfer Agent Fee $35
Certificate DTC Fees $44
Certificate Review Fee $300
DWAC or DRS Review Fee $300
IRA Annual Maintenance Fee $35
IRA Set-up Fee $35
IRA Termination Fee $60
Voluntary Corporate Actions $20
ACAT - Outgoing $50
Wire-Domestic $75
Wire-Foreign $50
Wire-Pre-Pay (before settlement) $20
Overnight Mail $20
Inactivity Fee - Quarterly (if under 15 trades) $30

 

* There is also Section 31 regulatory fee of $0.0000192 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 4/1/2010)
* There is an FINRA TAF fee 0.000090 per share of securities sold with a maximum of $4.50 per trade. This fee is assessed for all SELL orders and is added to any total commissions charged.
* 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.
* Trading non-DTC eligible securities will incur additional settlement fees including; a DTC PROC fee $75, DTC TRF fee $80 and shipping fee $40 (when necessary). There will also be a NYW fee and a TRF AGENT fee, which will vary and may be substantial.
* When a customer sells more than 25% of the average daily trading volume of a stock trading below $1 per share during any 3 business day settlement period, there may be an NSCC illiquidity requirement or charge. These requirements or charges will vary substantially. If the requirement is greater than $50,000, the trades will be bought in on Trade date + 1. If a requirement of greater than $50,000 is incurred a second time on the same account in any 90 day period, the account will be frozen for 90 days.
Illiquid stocks trading below $.01 per share will be adjusted to $.01 and then the account will be charged based on this formula ((Share Quantity x .01) - Trade Value) x (# of days until settlement/365) x 10%.
* 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.

 

Phone Number+1-800-847-8495

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