Straightforward Pricing
Clear, easy to understand pricing is just one way gx|trader was built to support your trading.
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$1.00 minimum per executed order. Accounts which do not trade 10,000 shares a month pay a $99 platform fee.
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$1.00 minimum per executed order. Options are not suitable for all investors. Some strategies carry a high
degree of risk of loss of capital. Accounts which do not trade 100 contracts per month pay a $99 platform fee.
See Characteristics and Risks of Standardized Options. |
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NOTE: APEX Clearing charges a fee for paper monthly statements and daily trade confirmations. To avoid these charges go to online.apexclearing.com. Create a “user id” and select to receive confirms and statements via email instead of postal mail. Selecting these APEX account preferences are the sole responsibility of the account owner.
The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations based on the aggregate dollar amount of sales of certain securities. The SEC recalculates the amount of this fee periodically—at least once per year but sometimes more often. National securities exchanges and self-regulatory organizations offset the transaction fees by charging their member broker-dealers such as Transcend, and we, in turn, offset this fee by charging you an Exchange Process Fee for covered sell transactions.
U.S. option exchanges charge Transcend and other broker-dealers per-contract fees for purchases and sales of exchange-listed options. The exchanges may charge these fees even on transactions executed on other exchanges, which can result in multiple fees being imposed on Transcend for a single transaction. Transcend offsets these fees by charging you a single Exchange Process Fee for each covered transaction.
Trading Activity Fees (TAF)
Effective July 1, 2010, Trading Activity Fees (TAF) will be passed through to customers as part of normal transaction processing.
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. Covered securities include: 1) all exchange registered securities wherever executed (other than bonds, debentures, and other evidence of indebtedness), 2) all other equity securities traded otherwise than on an exchange, 3) all security futures wherever executed, 4) all 'TRACE-eligible securities' wherever executed, provided that the transaction also is a 'reportable TRACE transaction' as these terms are defined in Rule 6210; and (5) All municipal securities subject to MSRB reporting requirements. Current FINRA TAF Fees for covered equity securities (including Bulletin Boards, Pink Sheets and ETF) are $0.000119 per share with a minimum charge of $0.01 and a max charge of $3.75 per sale transaction. 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).
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.