SpeedTrader Fees, Commissions Schedule, IRA Account Rates, Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2017



SpeedTrader Fees, Trading Commission Structure, and Investment Products


InvestmentsCommissions
Stocks and ETFs per trade plan $6.95 for accounts under $25,000
Stocks and ETFs per trade plan $4.49 for accounts above $25,000
Stocks and ETFs per share plan $0.0044 per share, $1.99 min per trade (only for accounts above $25,000)
Options$0.40 per contract ($1.99 min per trade) + routing and other fees

Investments stocks, options, ETFs
SpeedTrader minimum deposit to open account $0 for cash account, $2,000 for margin account


There is also Section 31 regulatory fee of $0.0000221 of the total dollar amount of securities sold. This fee is assessed for all SELL orders and is added to any total commissions charged.

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.

Any hard to borrow short locate fees will be passed onto the client, these fees will vary.

Certificate and DWAC 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 foreign stock charge, as incurred 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.

Illiquid Securities Policy – 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.




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SpeedTrader Margin Rates


Please contact a sales representative at 1-800-874-3039 for the most current clearing firm rates.


ActiveWeb (Web-Based Trading Platform) – $75.00 per Quarter Prepaid


(Fee Waived for clients who generate trading commissions of $199 that month).


Includes


  • Equity Level 1 Streaming (data included)
  • Easy Access Worldwide
  • Free Mobile Access**
  • Scanner Included
** $10 for iPhone or iPad users that download app.


Optional Level 1 Data Feeds:*


  • $15 Options
  • $20 Pink Sheets
  • $15 E-Mini Futures
* Waived for traders who generate trading commissions that exceed the data feed costs.




PRO Desktop Trading Software - $49.99 monthly


(Fee Waived for clients who generate trading commissions of $199 that month).


Includes


  • Equity Level 1 Streaming (data included)
  • News Headline
  • Hi-Lo Ticker
  • Advanced Chart Studies
  • Free Web and Mobile Access**
  • Multi Account Access
  • Hot Key Trading
  • Multiple Direct Access ECNS
** $15 for iPhone or iPad users that download app.


Optional Level 1 Data Feeds:*


  • $15 Options
  • $20 Pink Sheets
  • $15 E-Mini Futures


Optional Market Depth Data Feeds- Level 2:***


Clients selecting one or more Market Depth feeds incur a single charge of $40 per month in addition to the following fees:

  • $15 Regional (level 2)
  • $20 NASDAQ Total View (level 2)
  • $10 Pink Sheet (level 2)
  • $50 OPRA Options (level 2)
  • $35 News Body
  • $15 NYSE ARCA Book

***Waived for traders who generate trading commissions of $499 that month.

* Data fees for SpeedTrader stock trading software shown here are subject to change at anytime.

* Software data charges begin the day you are sent your username. Software billing is based on T+3 settlement month, not the calendar month. Trading software fees are not pro-rated for partial months.

*The Exchange’s definition of a “Professional User” is as follows:
(a) Registered or qualified in any capacity with the SEC, the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association;
(b) Engaged as an “Investment Advisor” as that term is defined in Section 201 (11) of the Investment Advisors Act of 1940 (whether or not registered or qualified under that Act); or,
(c) Employed by a bank or other organization exempt from registration under federal or state securities laws to perform functions that would require registration or qualification if such functions were performed for an organization not so exempt.


SpeedTrader Account Fees


To avoid being charged an inactivity fee of $30.00 per calendar quarter, client’s must execute a minimum of 15 trades per quarter.

Type Cost
Checks
Stop Payment $30
Returned Check $40
Photocopy of Check $17
Returned ACH Item $40
Pre-payment (before settlement) $50 + interest
Forced Margin Sellout $20 + Regular Commission
ACAT Outgoing – Non-ACAT Transfer $75
Wire Transfers
Wire – Domestic $25
Wire – International $60
Wire – Pre-payment (before settlement) $50 + interest
Overnight Delivery
Overnight – Domestic $25
Overnight – International $60
New Zealand and Australia $65
Individual Retirement Accounts (IRA)
IRA Annual Custodial Fee $75
IRA Transfers (including transfer of Roth to Traditional IRA) $55
IRA Transfers (ACAT) $75
IRA Asset Review $300
IRA Limited Partnerships $45
IRA Termination Fee $75
Alternative Investments
Private Asset Review $300
Initial Deposit $25
Annual Pricing $50
Safekeeping / Reconciliation $75
Safekeeping – Foreign As Incurred
Reject Charges $15
Re-Registration $75
Postage and Handling
Postage and Handling * (charged to customer- cannot be more than $30) $3.50
Return Mail Postage and Handling Fee – Bad Address (Per Item) $7.50
Paper (Retail)
Confirmation * $4
Statement * $10
Transfer on Death Registration (per account)
Application Fee $75
Change / Revocation $75
Distribution of Assets from COR $300
Restricted Stock
Clearance or Transfer of Restricted Stock $200
Physical Security Processing
Physical Certificate Deposit Fee $75
Transfer In and Out / Physical Certificate $200
Physical Certificate Request $600
Physical Certificate Request (Penny Stock) DTC $850
Physical Certifcate Request (Other) DTC $850
Rush Withdrawal DTC $250
Low Priced security deposit and review (non-listed, non-NMS) $1200
Penny Stock Re-registration with Agent (Domestic) $350
Penny Stock Re-registration with Agent (Canadian) $850
Physical Settlements $200
Rejected Deposits DTC or Agent $200
Free Deliveries DTC $30
NY Window / Physical Delivery $30
DWAC Transfer $125
Foreign Non-Euroclear $100
Worthless Securities $20
Miscellaneous Fees
Warrants $25 Per Trade
Tender Offer Exchange $25
Option exercise or assignment $30
Rep Assisted Trade $30


There is also Section 31 regulatory fee of $0.0000221 of the total dollar amount of securities sold. This fee is assessed for all SELL orders and is added to any total commissions charged.

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.

Any hard to borrow short locate fees will be passed onto the client, these fees will vary.

Certificate and DWAC 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 foreign stock charge, as incurred 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.

Illiquid Securities Policy – 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.


SpeedTrader Routing Fees


Venue Add Liquidity Take Liquidity Outbound Shares
Venue: SPTD SMART $0.0015 $0.0015 $0.0015
Venue: ARCA ($0.002) $0.003 $0.0035
Venue: EDGA (Routable) $0.00 $0.003 $0.003
Venue: EDGA (Non-Routable) $0.00 $0.003 $0.003
Venue: EDGX $0.00 $0.0029 $0.0029
Venue: HELIX $0.0003 $0.0003 $0.0003
Venue: INET ($0.0015) $0.003 $0.003
Venue: ITG $0.0015 $0.0015 $0.0015
Venue: JPCC $0.0015 $0.0015 $0.0015
Venue: ONYX $0.003 $0.003 $0.003
Venue: LQPT $0.0015 $0.0015 $0.0015
Venue: NIX 0.003 $0.003 N/A
Venue: PDQ ATS $0.0015 $0.0015 $0.0015
Venue: PFSI $0.0015 $0.0015 $0.0015
Venue: POST $0.0015 $0.0015 $0.0015
Venue: PSFL $0.0015 $0.0015 $0.0015
Venue: SPDRX $0.002 $0.002 $0.002
Venue: XALL $0.0035 $0.0035 $0.0035
Venue: XDAG $0.003 $0.003 $0.003
Venue: XDRKI $0.002 $0.002 $0.002
Venue: BATS $0.00 $0.003 $0.003



OTCBB/Pink Sheets


VENUE FEE (Per Trade)
VENUE: MAXM FEE (Per Trade): $2.00
VENUE: LAFC FEE (Per Trade): $2.00
VENUE: NITE FEE (Per Trade): $2.00
VENUE: VFIN FEE (Per Trade): $2.00
VENUE: PBBB FEE (Per Trade): $2.00
VENUE: ASCM FEE (Per Trade): $2.00


Venue Add Liquidity Take Liquidity Outbound Shares
Venue: HELIX (OTCBB) Per Share $0.0003 $0.0003 $0.0003
Venue: ARCA (OTCBB) Per Share $0.0025 $0.0030* $0.0030*
Venue: PFSI (OTCBB) Per Share $0.0015 $0.0015 $0.0015

* ARCA stocks under $1.00 will be charged 30 basis points on trade value and not eligible for rebates.




Options Routing Fees (Per Contract)


VENUE FEE
VENUE: DASH FEE: Free
VENUE: ISE FEE: Free
VENUE: NSD FEE: Free
VENUE: PSE FEE: Free
VENUE: MXTO FEE: Free


ECN rebates will be credits the following month.

If necessary, we reserve the right to charge or adjust for venue, routing, or exchange fees based on vendor changes in routing rates. We reserve the right to mark up or adjust any routing fees at our sole discretion. Clients trading on per ticket rates are not eligible for ECN rebates unless agreed to in writing by management. We do receive payment for order flow when routing certain equity and options orders with specific routes or market centers, more information available upon request. There may be other routes available that are not listed here, which may charge a fee. You should always call and check the fee on any route before using it.

There is also Section 31 regulatory fee of $0.0000221 of the total dollar amount of securities sold. This fee is assessed for all SELL orders and is added to any total commissions charged.

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.

Any hard to borrow short locate fees will be passed onto the client, these fees will vary.

Certificate and DWAC 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 foreign stock charge, as incurred 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.

Illiquid Securities Policy – 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.



SpeedTrader Incentive, Review and Website Link


Read full SpeedTrader Review.

SpeedTrader fees are as of 2017 and are subject to change. For the most recent information visit their website:



Updated on 1/13/2017.




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