• Any hard to borrow short locate fees will be passed onto the client.
• Overnight Short Fee - 0.25% minimum Fee charged on short positions held overnight (calculation is based on Market Closing Price).
• Trading non-DTC eligible securities will incur additional settlement fees.
• Overnight margin call fee is charged to any account with equity below 50%.
• Equity margin call fee is charged to any account that goes above 6:1 margin intra-day and is liquidated by the firm at $25 per symbol plus the trade desk fee of $25.
• Holding positions on margin overnight is subject to an interest rate of 7.5% APR (annualized).
• A monthly Maintenance Fee of $25 or the balance of the account, whichever is lower, will apply to accounts that are below the account minimum of $200 and have not traded in over 30 days.
• Options trades are $1.00 per trade plus $0.40 per contract and a routing charge of $0.25 per contract.

Type

Non-Pro Fees

Pro Fees

Level 1-Exchange Data

Nasdaq (Level 1)

FREE

$40

NYSE, AMEX (Level 1)

FREE

$65

Pink Sheets (Level 1)

$15

$30

OPRA Options (Level 1)

$15

$30

E-Mini Futures (Level 1)

$15

$30

Market Depth Data 

Regional Quotes (Basic Level 2)

$15

$60

NASDAQ Total View (Book Depth)

$20

$100

Pink Sheet (Level 2)

$20

$100

OPRA Options (Level 2)

$3.25

$45

News

$25

$25

NYSE ARCA Book

$15

$65

You can view our General Terms and Conditions for Monthly Platform Fees. If you have questions, our licensed professional traders are available to help by phone, email or chat. 

Fees not prorated. All users are subscribed as ‘Professional’ unless qualifying as a ‘Non-Professional’ via the exchange questionnaire.

Click Here to determine your Professional or Non-Professional status. Fees and rates are subject to change without prior notice.

Important Information

• Leverage can only be used on accounts with equity exceeding $500.
• Accounts with less than $100 will be liquidated in its entirety and deactivated.
• Stocks below $2.50 require a $2.50 per share equity requirement. ($2.50 Rule)
• For example: If you short 1,000 shares of stock valued at $1.00 per share, you will need at least $2,500 equity in your account
• We allow 6:1 margin on Nasdaq, NYSE and AMEX stocks above $3.00. Stocks on the volatile list may not qualify for margin
• Certain stocks may have a higher margin requirement and depending on market restrictions may not be fully marginable up to 6:1.
• Short positions are subject to buy-ins at the discretion our Risk Team as mandated by the Clearing Firm.
• Accounts must not exceed 2:1 margin after 3:45pm EST.
• Accounts below $500 equity cannot use margin.
• Options cannot be traded using margin.
• Overnight margin rate is 7.5% APR

Margin Calls & Flags

Your account or portions of it may be liquidated, and incur a $50 [Trade Desk + Margin Call] fee if:

• Your account is exceeding 6:1 margin during intra-day trading (9:00am - 3:30pm) EST
• Your account is exceeding 2:1 margin beginning at 3:30pm EST.
• If you are using margin on:
  • Options
  • OTC Markets
  • Pink Sheets
  • Any stock below $3.00
• Trading sub-penny stocks are not allowed. 
• You are using leverage with equity of less than $500.
• Your equity is below $100 (will be liquidated in its entirety)
• Anytime your account margin is exceeding 6:1

Please note: Margin Calls are charged with Liquidations ($25 liquidation fee + $25 margin call). Margin calls are also charged separately as an overnight fee if exceeding 2:1 overnight margin. The Risk Department is not responsible for replacing any pending orders that are canceled during a liquidation.