Commissions & Fees

Commission Schedule

Stocks* (Unlimited Shares):

Market Orders $7.95
Limit Orders $11.95
Pink Sheets & Bulletin Boards (Limit Orders Only) $11.95
Foreign Stocks** $39.00

* Additional fees may apply to orders greater than 2,000 shares directed to the NYSE.
**Foreign stock orders must be placed with a broker; there is no additional broker-assistance charge.

 

Options:

Equity or Index, Market or Limit $1.50 Per Contract
Minimum $14.95
Option Exercise/Assignment $14.95

Option rates apply to each side of spread orders. Option strategies involve multiple purchases; therefore your transaction costs may be significant for option strategy trades.

 

Broker Assisted Trades:

Additional $10.00
 

Extended Hours Trading:

Up to 5,000 shares $25.00
Over 5,000 .003 Per Share

No broker-assist charge.

   

Listed Bonds:

First 25 Bonds $5.00 Per Bond
Each Additional Bond $3.00 Per Bond
Minimum $39.00

Call a fixed income specialist at 1-888-897-8133.

 
   

Mutual Funds:

No-load Mutual Funds $15.00
Periodic Invest - Withdraw $5.00

Stock Certificate Processing Fees
Certificate Processing Fee $75.00 per cusip, per deposit,
plus applicable fees†
Deposit/Processing Fee for Bulletin Board & Pink Sheet Stocks $75.00
DRS Statement Withdrawal $30.00
A DRS statement is sent only when a security is returned to the transfer agent to hold in book entry form.
DWAC and DRS Process Fee $30.00 plus transfer agent fees
ESOP Trades $125.00 plus applicable fees†
Foreign Securities Delivery $15-200.00
Foreign Securities Transfer $15-200.00
Request of Certificate for DRS Eligible Issue $350.00 per certificate withdrawal,
plus applicable fees†
Rush Transfer Request $575.00 per certificate withdrawal†
Transfer and Ship Request $235.00 plus applicable fees†
Warrant Exercise $125.00 plus applicable fees†

† Applicable fees include wire fees, rejection fees, and shipping fees, redeposit fees, transfer agent fees, DWAC fees, and agent fees.

Miscellaneous Fees
ACH Recall/Reversal/Return $30.00
ADR Holding Fee (This fee is charged annually by DTCC) $0.03 per share
Auto Trade Handling Fee‡ $1.50 per execution
Bond Redemption No Fee
Broker Assisted Service Fee $5.00
Cancel and Re-bill $5.00
Cash Account Late Payment – Same as Margin Debit Charges, plus: $10.00
Check Reorder $10.00
Conversion of Bonds/Preferreds $13.95
Copy of Past Confirmation $5.00
Copy of Past Statement $5.00
DRIP No Fee
Estate Valuation $45.00
IRA Maintenance No Fee
IRA Setup No Fee
IRA Termination $50.00
Legal Transfer Out – After 28 Days $25.00 per security
Non-ACAT Eligible Securities – Full $75.00
Non-ACAT Eligible Securities – Partial $35.00
Non-DTCC Eligible Securities $75.00 plus applicable fees†
Options Regulatory Fee (ORF)
Close
$0.014 per option
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 $30.00
Right or Warrant Exercise $13.95
SEC Transaction Fee
Close
Varies
Short Stock Hard to Borrow Fee
Close
Varies
Split Units $14.00
Tenders
  Voluntary Per Position $25.00
  Voluntary Per Position - Less Than 48 Hours $50.00
  Mandatory No Fee
Trading Activity Fee (TAF)
Close
 
  Stocks & ETF's $0.000075 per share
(max. $3.75 per trade)
  Options $0.002 per contract
  Covered Debt Securities $0.00075 per bond
(max. $0.75 per trade)
Transfer Out - Full $50.00
Transfer Out - Partial $25.00 per security
Wire Transfers  
  Wire Transfer $20.00
  International Wire Transfer $50.00
  Recalled Wire $30.00
  Returned Wire $30.00
  Wire Amendment $15.00
  Wire Investigation $50.00
  Wire Repair  $15.00
Worthless Security Held $7.50 per cusip, per month
Worthless Security Reinstated $15.00 per cusip, if security has not been destroyed by DTC
Worthless Stock Liquidation $10.00

‡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.

Fees & Commissions effective as of August 18, 2010 . All fees subject to change without notice.

Options involve risk and are not suitable for all investors. Certain requirements must be met to trade options through Investrade. On-line trading has inherent risks due to delay or loss of online services, system performance, market conditions, erroneous or unavailable market data. Investors should understand these and additional risks before trading. Before considering any option transaction, please read Characteristics and Risks of Standardized Options provided by the Options Clearing Corporation (OCC), available in Adobe Acrobat PDF format. A current copy may also be obtained by calling Investrade at 1-800-498-7120 or by mailing your request to Investrade Discount Securities, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025. Because of the importance of tax considerations, Investrade recommends consulting your tax advisor before contemplating any options transaction. Supporting documentation for any claims, comparison, recommendations, statistics, or other technical data, will be supplied upon request.