U.S. Listed and OTC Securities (Equities) - no charge per trade
Low Priced Securities
For transactions in excess of 100,000 shares in securities priced under $1.00, there will be a surcharge of $0.0002 per share up to a maximum total charge of 5% of the principal value of the transaction. This fee is charged by our counter-parties.
Fees levied by regulatory agencies (applicable at all brokerage firms):
SEC Fee* - $20.70 per $1,000,000 of principal (only applies to sales)
FINRA Trading Activity Fee* - $0.000119 per share (only applies to stock sales)
*as of April 15, 2019
The margin interest rate is currently 5.5%.
In general, our margin rate will rise or fall in relation to changes to the fed funds rate set by the Federal Reserve.
Hard to Borrow stock:
Securities lending rates are specific to each individual security. They are sensitive to market supply and demand for the individual security, as well as interest rates. As a consequence, they fluctuate daily for each security. The cost to borrow includes charges from our counterparties with no mark-up by All of Us.
Fully-Paid Securities Lending Program:
Members participating in the fully-paid securities lending program will be credited monthly with 80% of the revenue All of Us earns from lending out securities. The credit typically posts to accounts within the first 10 days of the next month.
ADMINISTRATIVE FEES (CHARGED BY OUR CLEARING FIRM)
ACH Deposits & Withdrawals - Free
Outgoing Wire Transfers (Domestic Bank) - $25
Incoming Wire Transfers (Foreign Bank) - $14
Paper Check mailed - $5
Returned Checks/ACH/Wires and Recalls (Including amendments/repairs) - $30
ACH Notice of Correction - $5
Stop Payments on Apex Issued Checks - $30
Mailed Trade Confirmations - $2 per confirm
Mailed Statements (monthly and quarterly) - $5 per statement
Mailed Tax Statements - $5 per statement
Tax Form 5498 (Paper) - $5 per delivery
Outgoing ACAT Transfers - $75 per account
DTC Delivery - $25 per security
TOD Account Transfer Fee - $200 per transfer
Domestic Voluntary / Post Actionable Reorgs - $50 per CUSIP
International Voluntary / Post Actionable Reorgs - $100 per CUSIP
Margin Sell out Fee - $25 per ticket
Mailgrams / NYSE Extensions - $25 per item
Short Forced Buy-In Fee - $25 per ticket
Return Mail - $2 per piece
Paper Prospectus Mailing (Domestic) - $2.50 per mailing
Escheatment Processing - $75 per account
Account Holder Escheatment Notifications - $2 per notification