|Early Redemption Fee||$0|
|Mutual Funds||No Transaction Fee||Free|
|Fixed Income||Treasury Bills, Notes & Bonds||Net Yield Basis|
|Municipal Bonds||Net Yield Basis|
|Agency Bonds||Net Yield Basis|
|Zeros & Strips||Net Yield Basis|
|Primary Market CDs||$30|
|Secondary Market CDs||Net Yield Basis|
|Net Yield Basis means Firstrade acts as principal whereby the bonds will be subject to a markup or markdown.|
Fees of Broker-Assisted Orders: Stocks/ETFs - $19.95; Options - $19.95+$0.50/contract; Load Funds - No Charge; No-Load Funds - $19.95.
Please read the "Characteristics and Risks of Standardized Options" before you apply for option privileges. Option assignment and exercise fee is $14.95.
A Short Term Redemption Fee of $19.95 will be applied to redemptions of mutual fund shares held less than 90 days. Broker-Assisted redemptions will incur a charge of $19.95. Transaction Minimums: Initial Investment - $500 / Additional Investments - $100. Redemptions of less than $500 will incur a $19.95 fee, unless the entire value of that fund is less than $500. For mutual funds transferred to Firstrade, the 90 day holding period will begin when the account transfer process is complete.
Certain regulators impose transaction fees to cover their costs of regulating the brokerage industry. The fees are passed through to customers as part of normal transaction processing. These fees will appear as a line item on your trade confirmation as “FEES” or “TRANS FEE” or “OPTION FEE” depending on your transaction.
Under Section 31 of the Securities Exchange Act of 1934, U.S. national securities exchanges are obligated to pay transaction fees to the SEC based on the volume of securities that are sold on their markets. Exchange rules require their broker-dealer members to pay a share of these fees who, in turn, pass the responsibility of paying the fees to their customers. Only applies to sell transactions and appears on the trade confirmation as: “FEES”. More Information >>
As of May 22, 2018, the SEC Fee rate is $13.00 for every $1,000,000 in sale proceeds.
Options Regulatory Fee (ORF)
This fee is a customer pass-through exchange fee for all options trades, both buys and sells. It is collected by The Options Clearing Corp on behalf of the U.S. options exchanges regardless of the exchange on which the transaction takes place. Applies to both buys and sells and appears on the trade confirmation as “OPTION FEE”.
As of August 1, 2018, the aggregate rate is $0.0343 per contract.