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 |
| |
$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 |
| |
$0.003 per
share 1,000,000+ shares
$0.006 per
share 500,000 - 999,999 shares
$0.008 per share
0 - 499,999 shares
|
| 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 break points are based
on previous month's activity.
* Plan B has a 3 dollar minimum per trade and $30
max not including routing fees.
* Clients with out 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
ACCOUNT PROTECTION
Securities Investor Protection Corporation (SIPC)
protection is in place for a total of $500,000 (up
to $100,000 on cash balances). Penson Financial Services
provides supplemental insurance in the amount of up
to $25 million per account. This coverage does not
protect against market loss.
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.
INTERNATIONAL EXCHANGES*
|
Exchange |
Commission Rate |
|
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.
 |
