|
Minimum Deposit
A minimum of $5000 in the form of a check, bank wire, or account transfer is required to activate your OCS account.
Top
Equity Commissions
Using Axis 3.0, Axis Pro or Omni Pro there are no trade size limits or order handling fees. Commissions apply to regular session market, limit, stop, and stop-limit trades.
| Type |
Commission per Trade |
| Online (any type) |
call |
| Broker-Assisted |
call |
| Full-Service Retail |
Call |
Top
ECN and Routing Fees
| Route |
Fee |
Auto Route/P3
MNGD
TRIM
WEIN
EFGI
SCHB |
Free |
NITE
UBSS |
$2.00 per executed trade |
| NITE |
.00004 per executed share
for all securities priced under $1.00 |
ARCX
NSDX |
.004/share |
ARCX
NSDX |
.004/share |
NYSE
QUIK |
.004/share |
GNET for OTCBB
(will reflect order on Level 2) |
Adding liquidity - Free
Removing liquidity - 1/2% of principal, min .50, max $24 |
Top
Options1 Commissions
| Type of Trade |
Commission |
| Market Orders |
$8.99 $1.50 per contract |
| Limit, Stop, and Stop Limit Orders |
$8.99 $1.50 per contract |
| Options Exercise or Assignment |
$20 |
Top
Margin Rates
| Range |
Rate |
| Under $50,000 |
base rate plus 3.00% |
| $50,000 - $249,999 |
base rate plus 2.00% |
| $250,000 - $999,999 |
base rate plus 1.00% |
| Above $1,000,000 |
base rate |
Top
Subscription Services
| Service |
Cost |
| Real-time Quotes via website |
$10 per month |
| NASDAQ Level 2 |
$10 per month |
| Axis 3.0 |
$35 per month |
| Axis Pro |
$85 per month |
| Omni Pro |
$100 per month |
| Optional Paper Monthly Statement |
$5 per month |
| Dow Jones Industrial Average Quote |
$1 per month |
Top
Additional Fees 2
| Description |
Cost |
|
Wire fee (domestic) |
$20.00 |
| Prepays |
$50.00 |
| Foreign Wire Fee |
$50.00 |
| Saturday Delivery Checks |
$25.00 |
| Overnight Check Delivery (U.S.) |
$15.00 |
| Overnight Check Delivery (Int’l) |
$25.00 |
| FedEx fees |
|
|
|
$25.00 |
|
|
$35.00 |
| PenFlex™ Account |
$30.00 annually |
| PenFlex Account Check Re-Order |
$5.00 (100 checks)
(Initial order is free) |
| PenFlex Check Reorder Rush Fee |
$35.00 |
| PenFlex Check Stop Payment Fee |
$25.00 per check |
| PenFlex Account Returned Check (NSF) |
$30.00 per check |
| Stop payment |
$25.00 per check
(only if check is 10 or less days old) |
| Returned check (NSF) |
$25.00 per check |
| Extension Request |
$10.00 per request
plus interest until covered |
| Restricted Stock processing fee |
$300.00 |
| Cancel & Corrections |
$10.00 per confirmation |
| ACAT fee* |
$150.00
(*may vary for non-U.S. issuers) |
Certificate Clearing/Processing Fee
Requires $300.00 intial deposit. |
1% total value of certificate
with a minimum of $1,200.00
Payment of cleared stock is due on day booked if not stock will be liquidated to pay fees. |
| Conversion fees (ADR to ordinary) |
$20.00 |
| DRS Process Fee |
$300.00 per request |
| DTC Transfer Fee |
$200.00 per request |
| DTC Transfer Fee (3rd Party) |
$300.00 per request |
| DWAC (Deposit) |
$300.00 per transaction agent fee* |
| DWAC (Withdraw) |
$300.00 per transaction agent fee* |
|
Journals: to a OC Securities Client |
call |
|
Journals: out of OC Securities |
call |
|
Prospectus Trade |
$400.00 plus 2.5% of the trade |
| 144 Stock |
$500 or 3% of the value,
whichever is greater |
| *NOTE: Agent fees are subject to change |
| Wire cutoff |
2:30pm Central Time to be processed same day |
| Check cutoff |
3:30pm Central Time to be processed same day |
| Credit/Debit Interest |
Available on by logging on to https://online.penson.com/ clicking on the Documents Tab -> Informational Documents and select the file is titled “Scudder Money Market Rates” |
All Open Debits will be settled at month end by automated brokers assisted liquidation.
To avoid open debits, inactive OC accounts or accounts that fall below $2500.00 in equity may have permissions shut off. If your permissions have been shut off please call 949-887-7226 for broker assisted trades.
1. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Please read options disclosure documents.
2. All service fees are subject to change. Pass-through fees charged to OCS by third parties will be passed on to the client account. OCS charges a Regulatory Assessment Fee (RAF) on client sell transactions. The RAF is assessed at a rate consistent with Section 31 of the Securities and Exchange Act of 1934.
* Commission rates based on a minimum of 25 trades per month. |