Quote from jzlucas:
Here's what isn't free. (From the website).
Please keep in mind that only the first account of any account type is eligible for our Free Trading program. Any multiple accounts of the same type with the same registration are not eligible for the free trading program.
Options Orders
With no minimum contract size, and no minimum commission charge for option trades, our commission fees are among the lowest in the industry.
Online Options Trades $3.50 plus $.60 per contract with no minimums
Mutual Funds Orders
Mutual Funds No Load Only
Online Trades $10 (Not Included within the 40 free Stock & ETF basket of zero commission trades)
Note
If you require the assistance of a live-broker, trades are only $19.99 for stocks and mutual
funds, and $19.99 plus $.75 per contract for options.
Other Charges
144 Sales $35.00 plus regular commission
Accommodation Transfers $25.00 plus certificate fees per issue
Automated Customer Account Transfer (ACAT) $50.00 per account
Physical Stock Deposit $50.00
Prepays on Customer Trades $10.00 plus interest to settlement date
Reg. âTâ Extension $10.00 per request plus interest from settlement date until paid
Reorg Items and Tenders $15.00 per request plus interest from settlement date until paid
Research & Statement Copies $15.00 per hour (1 hour minimum)
Returned Checks $20.00 plus interest from the earlier of the settlement date or date of deposit
Securities purchased against Non-Cleared Funds Interest on balance (see margin interest rates)
Taxpayer ID Penalties At Cost
Transfer Fees At Cost
Wire Funds $15.00
Foreign Wire Fee $55.00
Saturday Delivery Checks $25.00
Overnight Check Delivery (U.S.) $15.00
Overnight Check Delivery (Intâl) $25.00
Stop Payment $25.00 per check (only if check is 10 or less days old)
Overdrawn NSF Fee $35.00
Restricted Stock processing fee $35.00 + transfer agent fee to re-register and FedEx
FedEx Overnight Fee $15.00
FedEx Saturday Fee $25.00
Transfer and Ship (Certificates) $50.00 per request
IRA Annual Fee $50.00
IRA Closing Fee $50.00
Margin Rates
Margin interest rates will vary with the base rate determined by the going market rate.
Your margin interest will be based upon the margin rate and your average debit balance for a predefined period; normally monthly.
Dollar Range Above/Below Base Rate* Margin Rate
Above $999,999 Base Rate 8
$250,000 - $999,999 + 0.75% 8.75%
$100,000 - $249,999 + 01.25% 9.25%
$ 50,000 - $ 99,999 + 1.50% 9.50%
$ 25,000 - $ 49,999 + 2.00% 10.00%
$ 0 - $ 24,999 + 2.50% 10.50%
Base Rate is currently calculated using various market interest rates and internal costs. The Base Rate is subject to change without prior notice.
