COMMISSIONS
U.S. Listed and OTC Securities (Equities) - no charge per trade. Buckle up and be safe out there!
Low Priced Securities
For transactions in excess of 100,000 shares in securities priced under $1.00, there will be a surcharge of $0.0002 per share up to a maximum total charge of 5% of the principal value of the transaction. This fee is charged by our counter-parties. Sorry. Don’t blame us. Our hands are tied.
Fees levied by regulatory agencies (applicable at all brokerage firms):
SEC Fee* - $22.10 per $1,000,000 of principal (only applies to sales). If you’re playing at this scale, chances are this won’t hurt too much.
FINRA Trading Activity Fee* - $0.000119 per share (only applies to stock sales). Again, nothing we can do about this.
*effective 2/18/20
INTEREST CHARGED
The margin interest rate for all balances is currently 4%.
In general, our margin rate will rise or fall in relation to changes to the fed funds rate set by the Federal Reserve. You know them, they don’t stand still for long.
STOCK LOAN
Hard to Borrow stock:
This one is a doozy. But here we go. Securities lending rates are specific to each individual security. They are sensitive to market supply and demand for the individual security, as well as interest rates. As a consequence, they go up and down daily for each security. The cost to borrow includes charges from our counter-parties with no mark-up by All of Us. These charges will post to your account daily, as incurred. You’re welcome.
ADMINISTRATIVE FEES (CHARGED BY OUR CLEARING FIRM)
Banking:
ACH Deposits & Withdrawals - Free
Outgoing Wire Transfers (Domestic Bank) - $25
Incoming Wire Transfers (Foreign Bank) - $14
Paper Check mailed - $5
Returned Checks/ACH/Wires and Recalls (Including amendments/repairs) - $30
ACH Notice of Correction - $5
Stop Payments on Apex Issued Checks - $30
Operations:
Mailed Trade Confirmations - $2 per confirm
Mailed Statements (monthly and quarterly) - $5 per statement
Mailed Tax Statements - $5 per statement
Tax Form 5498 (Paper) - $5 per delivery
Outgoing ACAT Transfers - $75 per account
DTC Delivery - $25 per security
TOD Account Transfer Fee - $200 per transfer
Reorganization Activity:
Domestic Voluntary / Post Actionable Reorgs - $50 per CUSIP
International Voluntary / Post Actionable Reorgs - $100 per CUSIP
Margin Sell out Fee - $25 per ticket
Mailgrams / NYSE Extensions - $25 per item
Short Forced Buy-In Fee - $25 per ticket
Return Mail - $2 per piece
Paper Prospectus Mailing (Domestic) - $2.50 per mailing
Escheatment Processing - $75 per account
Account Holder Escheatment Notifications - $2 per notification