Index Options Fee: $0.65 additional, per contract a/o 4/15/2024

Options Clearing Corp (OCC) fee*: $0.02 per contract; $55 cap

Options Regulatory Fee (ORF)*: $0.03175 per contract, based on prevailing rate

Option Auto Exercise or Auto Assignment: $0 per line

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Fees associated with zero commission stock trading:

Overnight Borrow: All short positions held overnight are charged the daily market rate which changes based on market conditions.

Overnight Borrow - Odd Lots: Odd lot positions (less than 100 shares) will be rounded up to the nearest hundred shares.

TAF Fee*: $0.000166 per share (equity sells) and $0.00279 per contract (option sells).

SEC Fee*: $0.000080 x dollar amount, sell side only.

All short positions held overnight are charged at the daily market rate which changes based on market conditions.

In your client portal under Tools > Overnight Borrow Calculator, you will find an overnight borrow fee calculator, which will provide an estimate for borrow costs related to any shares you would hold short overnight.

*If an account receives a Reg SHO Notice, the shares receiving the notice, no matter whether a fee was paid, will need to be liquidated as per Reg SHO Notice.

Regulation SHO Rule 204 is the Close-out Requirement that requires brokers and dealers that are participants of a registered clearing agency to take action to close out “failure to deliver” positions.

Under Rule 204(a) of Regulation SHO, all “failure to deliver” purchases must be closed out by borrowing or purchasing securities no later than the start of regular trading hours on the following settlement date.

If you day trade a security and consistently hold a short position, then you are consistently net short the security and are at risk of a “failure to deliver” if TradeZero America or it's clearing firm cannot borrow the securities.

TradeZero tries to make this process as transparent as possible. We request from our clearing house before close of business any client positions that are at risk of “failure to deliver”. We then send to those clients a notice via email so they can make a better decision whether to stay in the position or get out of the position.

Reg SHO Rule 204(b) states that if a clearing house does not close out its “failure to deliver” in an equity in accordance with Reg SHO Rule 204(a) then the clearing house and any broker dealer for which it receives trades for clearance and settlement may not accept short sale orders from its customers in that equity without first borrowing the security or entering into a bona fide arrangement to borrow the stock. To avoid this, TradeZero takes the extra step to inform its clients of any potential “failure to deliver.”

As a rule of thumb, stocks that have a small float or have a large short interest are more at risk of a “failure to deliver” resulting in receiving a Reg SHO Rule 204 notice than stocks that have a large float and small short interest. It is important to be an educated trader and understand the rules that may affect your decision making.

For more information visit:


https://www.sec.gov/investor/pubs/regsho.htm

https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm

Non-Pro and Pro fees refer to the costs associated with accessing market data from exchanges like Nasdaq.

They are based on whether you're classified as a non-professional (Non-Pro) or a professional (Pro) user.

Corporate accounts are considered professional accounts.

As a result, professional fees are calculated based on the account equity in your account. If the equity in your account at the beginning of the month or when you initially pick your platform is $50,000 or more, the professional fee is reduced to $150 a month.

However, if the equity in your account is less than $50,000, at the beginning of the month or when you pick your platform, the professional fee is $300.

TradeZero America does not have an inactivity fee.

However, if the account balance is less than $100 an unqualified account fee may apply.


Please note, to maintain access to a trading platform, the equity balance of your account must be at least $250.

To regain access to a platform, the equity balance in your account must be at least $2,500.

To learn more about our pricing, please visit our Pricing and Fees page 

Fees and Rates