Commissions
We will do our best to increase your profitability
by reducing your cost of doing business and giving
you a reliable product to conduct your trading business.
If you are part of a trading group and need
to go right to the top, please ask for the our
trading group department.
If you do not see a commission rate below that works
for you, please contact our sales department at 1-800-874-3039.
Direct Access Commission
Rates:*
|
Type |
Cost Per Trade
or Per Share |
| Equity
Trades |
Plan
A - Per Trade |
| |
$2.95 per trade
@ 1500+ trades per month
$5.95 per trade
@ 1000-1499 trades per month
$7.95 per trade
from 400-999 trades per month
$9.95 per trade
from 1-399 trades per month
|
| Equity
Trades |
Plan
B - Per Share |
| |
$0.003 per
share 1,000,000+ shares per month
$0.006 per
share 500,000 - 999,999 shares per month
$0.008 per share
0 - 499,999 shares
per month
|
| Futures
Trades |
Electronic |
| |
$1 per contract
per side plus fees 2000+ contracts per month
$2 per contract
per side plus fees @ 400-1999 contracts per
month
$3 per contract
per side plus fees @ 0-399 contracts per month
|
|
Options
Trades |
$9.95 per ticket + $1.25 per contract |
| Bonds
Trades |
$50
per ticket |
| Mutual
Funds |
$50
per trade for no load |
* Plan A & B commission
guidelines shown are based
on previous month's activity.
* Plan B has a 3 dollar minimum per trade and $30
max not including routing fees.
* Plan A per trade rate is good up to 9,999,999
shares per order through the software.
* Clients without trading software call in trades are $30
per ticket.
* DVP and Institutional accounts may not qualify for
these rates
* Futures trades are plus exchange and NFA fees
* All commission rates are negotiated. Rates shown
above are only guidelines of rates you may qualify
for based on your activity. Please
contact us
to negotiate rates.

SPECIAL OFFERS
Any special offers or commission deals we offer that
are not accepted, by the client by opening and funding
an account within 30 days, is automatically considered
voided. After 30 days the offer would go back to the
default deals listed above. Commission rates as
shown may not be valid with any other special offer or with other
pre-negotiated rates.
Account Protection / Insurance
- Stock USA Execution Services
Member of
SIPC,
which protects securities customers of its members
up to $500,000 (including $100,000 for claims for
cash). Explanatory brochure available upon request
or at
www.sipc.org.
Penson Financial Services provides
additional insurance from a third party insurer to
protect client accounts up to their net equity for
loss of securities and cash held at Penson Financial
Services, up to an overall firm aggregate of $200 million
over all customer accounts, subject to a maximum
limit of $900,000 per account, in respect to cash.
This additional protection is in addition to the
protection provided by
SIPC and is subject to certain conditions and
limitations, details of which are available upon
request. This additional insurance is through a third party
provider and is NOT offered by the
Securities Investor Protection Corporation (SIPC). This coverage does not protect against
market depreciation, fluctuation or trading loss.
INTERNATIONAL EXCHANGES*
|
Exchange |
Commission Rate |
|
Canada TSX |
.05% |
|
London |
1% |
|
Paris |
1% |
|
Amsterdam |
1% |
|
Brussels |
1% |
|
Lisbon |
1% |
|
Xetra |
1% |
|
Stockholm |
1% |
|
Helsinki |
1% |
|
Madrid |
1% |
|
Milan |
1% |
|
Copenhagen |
1% |
|
Oslo |
1% |
|
Virt X |
1% |
* International exchange trades must
be called into our trade desk and there is a $50
minimum commission per trade on those orders.
* Commissions for our auto trading
service for stocks are .01 per share with a $9.95
minimum per trade.
 |