|Transaction Fee ||The U.S. Securities and Exchange Commission (SEC) ||$0.0000051 * Total $ Trade Amount (Min $0.01)(Sells Only)* |
|Trading Activity Fee ||Financial Industry Regulatory Authority (FINRA) ||$0.002 * No. of Contracts (Min $0.01)(Sells Only) |
|Options Regulatory Fee||Options Exchanges ||$0.0388 * No. of Contracts (Buys & Sells) |
|Clearing Fee ||Options Clearing Corp (OCC) ||$0.02 * No. of Contracts (Max $55 per Trade)(Buys & Sells)** |
The Transaction Fee is charged by the U.S. Securities and Exchange Commission (SEC), an independent agency of the United States federal government. Learn More>
The Financial Industry Regulatory Authority (FINRA) requires each member to pay trading activity fees for the sale of covered securities. Learn More>
The Options Regulatory Fee is a fee assessed by exchanges on their members. It is collected by The Options Clearing Corporation (OCC) on behalf of US options exchanges. Learn More>
The Clearing Fee is charged by the OCC which provides central counterparty (CCP) clearing and settlement services to 16 exchanges. Learn More>
*Effective June 1, 2021, subject to regulatory review, OCC clearing fees deducted from four and a half cents ($0.045) per contract to two cents ($0.02) per contract.
*Effective February 25, 2021, the SEC Fee rate will be reduced from $22.10 to $5.10 for every $1,000,000 in sale proceeds.
**As of September 1, 2020, the per contract clearing fee was reduced from $0.055 to $0.045 per contract, with a max of $55 per trade.
Our clearing firm, Apex, will withhold the above regulatory fees where applicable. All fees in the table above are subject to change without notice as per our clearing partner, Apex Clearing.
Option trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the entire value of their investment in a short period of time and incur permanent loss by expiration date. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options and Option Spread Risk Disclosure before trading options.