Account Fees
Margin Call Fee
$25
Outgoing Funds Fee
$20
Inactivity Fee (Quarterly)
$50 (if under 15 trades)
- 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.