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Are there any other fees associated with zero commission stock trading?

Fees associated with zero commission stock trading:

  • Daily Short Locates: As quoted.
  • 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.
  • Margin Debt Interest: 9%
  • 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.
  • ADR Fee*: Pass-Through.
  • Assisted Trade: $30
  • Risk Sellout: $50

*Fees may change without notice

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