Miscellaneous Fees
Index Option Exchange Fees
Effective August 15, 2011 eOption will begin passing through index option exchange fees. The additional cost to trade select index options is listed below. These fees will be charged in addition to eOption's standard commission schedule.
| Symbol | Description | Rate |
| DXL | Jumbo DJX Index | $.18/contract |
| EPX | SIG Oil Exploration and Production Index | $.45/contract |
| HGX | OHLX Housing Sector Index | $.18/contract |
| MNX | Mini Nasdaq 100 Index | $.18/contract |
| MVR | Morgan Stanley Retail Index | $.18/contract |
| OEX | S&P 100 Index | $.50/contract |
| OSX | PHLX Oil Service Sector Index | $.35/contract |
| RUT | Russell 2000 Index | $.18/contract |
| SOX | PHLX Semiconductor Index | $.35/contract |
| SPX | S&P 500 Index | $.50/contract |
| SVO | SIG Energy Index | $.35/contract |
| UTY | PHLX Utility Sector Index | $.35/contract |
| VIX | CBOE Volatility Index | $.50/contract |
| XAU | PHLX Gold and Silver Index | $.35/contract |
| XEO | S&P 100 Index (European Style) Monthly | $.40/contract |
| XEO | S&P 100 Index (European Style) Weekly | $.35/contract |
| XDE | Euro/US Dollar Currency Index | $.35/contract |
Index fees are subject to change without notice.
| ACH Recall/Reversal/Return | $35.00 |
| ADR Holding Fee (This fee is charged annually by DTCC) | $0.03 Per Share |
| Auto Trade Handling Fee[1] | $2.00 Per Execution |
| Cancel and Re-bill | $5.00 |
| Cash Account Late Payment, Same as Margin Debit Charges, plus: | $10.00 |
| Check Reorder | $15.00 |
| Copy of Past Confirmation | $5.00 |
| Copy of Past Statement | $5.00 |
| Dividend Reinvestment Program | No Fee |
| DTCC Non-Transferable Securities Held | $7.50 Per Cusip, Per Month |
| Estate Valuation | $45.00 |
| Foreign Custody Transfer Fee | $50.00 |
| Foreign Security Holding | 6 Basis Points Annually |
| Foreign Security Transaction | $50.00 Surcharge |
Inactivity Fee
Inactivity FeeAn account is considered inactive when there are less than 2 trades in the past 12 months or if there are less than $10,000 in credit or debit balances. |
$50.00 Annually |
| Index Option Exchange Fees | V
CloseForeign Security TransactionApex Clearing Corporation has established a U.S. Dollar denominated Foreign Custody agreement with Broadcort for purpose of offering transactions in foreign securities in local markets. Foreign securities traded in the US OTC market can be identified by its symbol which will have a 5 letter symbol that ends with the letter F. FSUMF is one example of a foreign stock in the US OTC symbol. These trades are executed with a US Market Maker but settlement will be done in the local market. The following fees will apply effective immediately.
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| IRA Annual Fee | $15.00 |
| IRA Termination | $50.00 |
| Non-ACAT Eligible Securities – Full | $75.00 |
| Non-ACAT Eligible Securities – Partial | $35.00 |
| Non-DTCC Eligible Securities | $75.00 Plus Applicable Fees[2] |
| NSCC Illiquid Securities Fee | Varies |
| Options Regulatory Fee (ORF)
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Options Regulatory Fee (ORF) The CBOE and C2 Options Exchange have announced that it will increase the Options Regulatory Fee (“ORF”) from $0.0065 to $0.0085 per option contract and $0.0015 to $0.002 per option contract respectively. The Miami Options Exchange will begin charging ORF of $0.0004 per contract. The new rate will be effective January 2, 2013. The increased rate by the CBOE ,C2 and MIAX will be added to the existing ISE, PHLX, BOX, NYSE ARCA, NYSE AMEX and NOM rates in order to apply one combined charge on eligible transactions. The combined rate for the ORF will be $0.0377 per contract with no minimum per trade. Breakdowns of each rate for the individual exchanges are as follows: Exchange Rate • CBOE $0.0085 per contract Total: $0.0377 The combined rate for the ORF will be $0.0377 per contract with no minimum per trade. More information regarding the fees are available from the Exchanges and can be accessed below:
C2 Options Exchange Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate web site. |
$0.0377 Per Contract |
| Overnight Check Fee | $20.00 |
| Overnight Check Fee – International | $25.00 |
| Overnight Check Fee – Saturday | $25.00 |
| Reorganization – Less Than 48 Hours | $50.00 Per Security |
| Reorganization – Mandatory | No Fee |
| Returned Check | $35.00 |
| Right or Warrant Exercise | $13.95 |
| SEC Transaction Fee
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SEC Transaction Fee - New Rate Effective 5/25/2013
The following criteria will apply, based on the settlement date:
Please refer to the SEC Advisory for more information. How to Calculate: For more information visit the FINRA web site http://www.sec.gov/divisions/marketreg/mrfreqreq.shtml. Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate web site. |
Varies |
| Short Stock Hard to Borrow Fee
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Short Stock Fee Based on the recent changes to the short stock rules and increased difficulties to borrow stock, our clearing firm, Apex Clearing Corporation will be passing on charges for shorting stock that they must locate outside of their firm. These stocks are typically called hard to borrow securities. The fees can be charged daily and posted to the customer’s account the following business day for settled positions. The formula for the Hard to Borrow fee (HTB) is the rate times the principal value divided by 360 to come up with the daily charge. The principal value of the security is calculated by taking the securities price at the end of the previous trading day then multiplied by 1.02%, the figure is then rounded up to the nearest dollar amount. Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate web site. |
Varies |
| Statements & Confirms | |
| Electronic Statements | Free |
| Electronic Confirms | Free |
| Paper Statements | $2.50 |
| Paper Confirms | $1.50 |
| Tenders | |
| Voluntary Per Position | $25.00 |
| Voluntary Per Position - Less Than 48 Hours | $50.00 |
| Mandatory | No Fee |
| Trading Activity Fees (TAF)
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Trading Activity Fees (TAF) Trading Activity Fees (TAF) are passed through to customers as part of normal transaction processing. Effective July 1, 2012, the Trading Activity Fee (TAF) rate for sales of covered equity securities will increase from $0.000095 per share for each sale of a covered equity security to $0.000119 per share, with a corresponding increase to the per-transaction cap for covered equity securities from $4.75 to $5.95. The new rate will apply to any sale of a covered equity security subject to the TAF occurring on or after July 1, 2012. The FINRA (TAF) for option sales is currently $0.002 per contract and fees for covered debt securities are $0.00075 per bond, with a maximum assessment of $0.75 per trade (based on 1,000 bonds), will remain unchanged. As an industry transaction standard, FINRA levies a Trading Activity Fee (TAF) on the sale of covered securities pursuant to Section 1 of Schedule A to the FINRA By-Laws. The text of the rule is available in the online FINRA Manual. Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate website. |
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| Stocks & ETF's | $0.000119 Per Share (Max. $5.95 Per Trade) |
| Options | $0.002 Per Contract |
| Covered Debt Securities | $0.00075 Per Bond (Max. $0.75 Per Trade) |
| Transfer Out - Full | $60.00 |
| Transfer Out - Partial | $25.00 Per Security |
| Wire Transfers | |
| Wire Transfer | $30.00 |
| International Wire Transfer | $60.00 |
| Recalled Wire | $30.00 |
| Returned Wire | $30.00 |
| Wire Amendment | $15.00 |
| Wire Investigation | $50.00 |
| Wire Repair | $15.00 |
| Worthless Security Reinstated | $15.00 Per Cusip, if Security Has Not Been Destroyed by DTC |
| Worthless Stock Liquidation | $10.00 |
| Certificate Processing/Deposit Fee (NYSE, NASDAQ, Pink Sheets, and Bulletin Board Stocks) | $75.00 Per Cusip, Per Deposit, Plus Applicable Fees[2] |
| DRS Statement Withdrawal | $30.00[3] |
| Physical Certificate Held at DTC in Street Name or Client Name | $150.00 Per Year |
| Physical Certificate Held at DTC Delivery Fee | $100.00 |
| DWAC and DRS Process Fee | $30.00 Plus Transfer Agent Fees |
| Request of Certificate for DRS Eligible Issue | $350.00 Per Certificate Withdrawal, Plus Applicable Fees[2] |
| Rush Transfer Request | $575.00 Per Certificate Withdrawal[2] |
| Warrant Exercise | $125.00 Plus Applicable Fees[2] |
Important Note: Modifying a partially executed order, also known as a cancel/replace, is considered a new order and will incur a separate commission if the modified order is executed.
[1] The Auto Trade Order Handling Fee applies only to orders entered and filled by the Auto Trade Desk and does not apply to orders entered on your own
[2] Applicable fees include wire fees, rejection fees, and shipping fees, redeposit fees, transfer agent fees, DWAC fees, and agent fees.
[3] A DRS statement is sent only when a security is returned to the transfer agent to hold in book entry form.
Fees & Commissions effective as of May 9, 2013. All fees subject to change without notice.
