Trading & Regulatory Fees
Trading during extended hours is subject to a commission surcharge of $0.003 per share. This fee applies to orders executed on the Electronic Communication Network (ECN). Extended pre-market trading is between 7:05 a.m. - 9:30 a.m., EST. Extended after-hours trading is between 4:00 p.m. - 8:00 p.m. EST.
SEC Section 31 transaction fees are charged by the government to recover the costs of regulating the securities markets. The fee is charged on all security sales, based on the total principal (dollar) amount sold. The current rate is $0.0000218 per dollar of your sale proceeds.
For example, if you sold 100 shares of stock at $25.00 netting total proceeds of $2,500.00 you would be charged $0.06 for the transaction: (2,500 x 0.0000218) = $0.054 = $0.06 (rounded up to the nearest penny). Effective Jan 7, 2016.
Trading Activity Fee rates are as follows: Each member shall pay to FINRA: (1) $0.000119 per share for each sale of a covered equity security, with a maximum charge of $5.95 per trade; (2) $0.002 per contract for each sale of an option; (3) $0.00008 per contract for each round turn transaction of a security future, provided there is a minimum charge of $0.01 per round turn transaction; In addition, if the execution price for a covered security is less than the Trading Activity Fee rate ($0.000119 for covered equity securities, $0.002 for covered option contracts, or $0.01 for a security future) on a per share, per contract, or round turn transaction basis then no fee will be assessed.
The Options Regulatory Fee (ORF) is a transaction-based fee charged by options exchanges and collected by the Options Clearing Corporation (OCC) to offset the costs of supervising and regulating the options market. This fee varies based on industry volumes and is assessed to buy and sell option orders at a rate of $0.0407 per contract. Effective Aug 1, 2016.
Just2Trade charges an additional $0.35 per contract on purchases and sales of certain index products where the exchange charges fees.