Commissions + Fees
We don't have a pricing structure, we have a price.For Stock and ETF trades, we charge $4.95 per trade. For option trades, we charge $4.95 per trade, plus 65 cents per contract. That's it. At TradeKing, we charge the same rates to everyone – beginner or expert, large account or small, regardless of how often you trade with us, for both market and limit orders, with no hidden fees. We think that’s fair and simple. |
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| Equity Trades | |||||||
| TRADEKING | TD Ameritrade | E*Trade | Scottrade | optionsXpress | |||
| Web | Market | $4.95 | $9.99 | $12.99 1 | $7.00 2 | $14.95 3 | |
| Limit | $9.99 | $12.99 1 | $7.00 2 | $14.95 3 | |||
| Broker | Market | $44.99 | $57.99 1 | $27.00 2 | $14.95 3 | ||
| Limit | $44.99 | $57.99 1 | $27.00 2 | $14.95 3 | |||
| TRADEKING adds $0.01 per share on the entire order for stocks priced $2.00 or less. $100 minimum investment per order in OTCBB and Pink Sheet stocks. |
1 Add $0.015/share over 2000 shares 2 Applied to stocks over $1 3 Add $0.015 /share over 1000 shares |
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| Option Trades | |||||||
| TRADEKING | TD Ameritrade | E*Trade | Scottrade | optionsXpress | |||
| Market | Per Trade | $4.95 | $9.99 | $12.99 | $7.00 | $14.95min | |
| Per Contract | $0.65 | $0.75 | $0.75 | $1.25 | $1.50 | ||
| Limit | Per Trade | $4.95 | $9.99 | $12.99 | $7.00 | $14.95min | |
| Per Contract | $0.65 | $0.75 | $0.75 | $1.25 | $1.50 | ||
| Margin Rates | |||||||
| TRADEKING | TD Ameritrade | E*Trade | Scottrade | optionsXpress | |||
| $0 - $9,999 | 3% | 9.00% | 6.99% | 7.75% | 6.50% | ||
| $10,000 - $24,999 | 8.75% | 6.99% | 7.50% | 6.50% | |||
| $25,000 - $49,999 | 8.50% | 6.99% | 7.25% | 6.50% | |||
| $50,000 - $99,999 | 7.50% | 5.99% | 6.75% | 5.50% | |||
| $100,000 - $249,999 | 7.50% | 5.99% | 6.50% | 5.25% | |||
| $250,000 - $499,999 | 7.00% | 4.99% | 6.25% | 5.00% | |||
| $500,000 - $999,999 | 7.00% | 4.99% | 5.75% | 4.75% | |||
| $1,000,000 - $1,999,999 | 6.25% | 3.99% | 5.25% | 4.25% | |||
| $2,000,000 - $4,999,999 | 6.25% | 3.99% | 5.25% | 4.25% | |||
| $5,000,000+ | 6.25% | 3.99% | 5.25% | 4.25% | |||
| Commissions and fees from published web sites as of 12/09/2008. Some brokers may offer more competitive fees than the ones published if certain balances or level of activity are met. Please contact each broker individually to confirm their commission schedule. GTC orders: Partial executions received on different trading days will be charged separate commissions. |
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Mutual Funds
Purchases: $14.95
Sale: $14.95
Purchases: $0 (Subject to charges from the Mutual Fund)
Sale: $0 (Subject to charges from the Mutual Fund)
Bonds + CDs
Treasuries $24.95 per transaction
Certificates of Deposit $24.95 per transaction
TradeKing may act as principal on any fixed-income transaction. When acting as principal, we will add a markup to any purchase, and subtract a markdown from every sale. This markup or markdown will be included in the price quoted to you.
Margin Interest
Credit Interest
Other Fees
IRA annual fee: NONE
Inactivity fee: NONE
ACAT Transfer Out: $50
Option Exercise: $9.95
Option Assignment: $4.95
IRA termination fee: $50
IRA transfer fee: $50
IRA account termination fee is charged for full IRA distributions and full outgoing transfers.
Outgoing wire transfer (domestic): $20
Check stop payment: $25
Returned ACH: $20
Stock certificate delivery fee: $200
Overnight delivery: $20
Stock certificate processing fee: $100 per certificate
Vault fee (restricted certificates held in safekeeping for missing paperwork, certificates for securities that are not DTC eligible, certificates held in vault per client request): $7.50 per quarter, for a total of $30 per year.
Reg T extension: $10
Late Payment fee: $25
Cash purchases not paid in full by settlement date will be subject to interest charges at a rate of Broker Call + 1%
Margin Sellouts and Restricted Account trades: Equities 24.95 per trade, Options $24.95 base + $0.65 per contract
Option position management: regular commission + $100
Foreign stock transaction fee (not ADRs): regular commission + $75
Foreign stock incoming transfer fee: $50 per position
ADR and other foreign stock semi-annual charges: At cost
Mandatory reorganization: Free
Voluntary reorganization: $50
Worthless securities processing: Free
Paper statements: $2.50
Paper confirmations: $1.00
Transfer on Death Account Designation: one time $35 fee
Outgoing Depository Trust Company (electronic delivery of individual certificates): $25 per position
DTC Rejection Fee: $75
Check writing
Platinum product: $75 annual fee
(initial order for both packages will include 40 checks)
Check re-order (100 checks): $15
Returned checks: $25
Stop payments: $20
Check copies or other research: $5
ATM Withdrawals: $1
Please refer to the check writing application and terms and conditions for further details.
Alternative commissions may be negotiated and apply to accounts that are assigned to a registered representative pursuant to Sec. 3 (B) of TradeKing's Investment Agreement