Other Fees

144 Sales: $35.00 surcharge Accomodation Transfers: $10.00 plus certificate fees ACAT Charges: $5.00 per account transferred from Penson. Cancels / Corrections: $10.00 per confirmation. Certificate Charges At cost Foreign Securities: Transfer fees and transaction fees at cost. Government Bond Fee: A $15.00 miscellaneous fee will be charged to the customer on all purchase and sale transactions of government and government backed securities, other than treasury bills. A $5.00 fee will be charged on Treasury bill transactions. DVP accounts will have these fees added to the ticket charge. Legal Deposits: $10.00 per item Reg "T" Extension: $10.00 per request plus interest from settlement date until paid Reorg. Items and Tenders $15.00 per item per account Research & Statement Copies: $15.00 per hour with a minimum of an hour Returned Checks: $20.00 plus interest from the earlier of the settlement date or date of deposit. Safekeeping Charge: Customer accounts with securities in the account, and with less than two trade during calendar year, will be subject to a $25.00 charge. Securities Purchase Against Non-Cleared Funds: Interest on Balance Taxpayer ID Penalties: At Cost Transfers Fees: At Cost Domestic Wire Funds: $15.00 Foreign Wire Fee: $50.00 Monthly Maintenance Fee: (Applies to TRADEX/IB only) $10.00

Exchange Cancel and/or Modify Order Fees

Many exchanges charge fees to their members for orders that are cancelled or modified, and TRADEX charges certain related fees to its customers to help cover these exchange fees. Please note however, that the Modify/Cancel fees listed above may not be a direct "pass-through" of exchange fees in all cases as TRADEX has created cancellation policy based on ease of implementation and proper resource allocation.

Cancel Order  Type Cancel or Modify Fees  Execution Credit*  US Direct API stock orders (does not apply to US smart API orders) US$0.24/Cancel or modify order US$0.48/API directed execution US Direct/Smart TRADEX WORKSTATION + API option orders** Amex, CBOE, ISE and PSE: US $24/Cancel or modify order Amex, CBOE, ISE, and PSE Direct Orders: US$ 0.40/executed contract capped at US$ 2.40/executed trade Box: US$ 0.20/Cancel or modify order Box Direct Orders: US$ 0.20/executed contract capped at US$ $2.20/executed trade PHLX: US$ $2.20/Cancel or modify order PHLX Direct Orders: US$ 0.20/executed contract capped at US$ $2.20/executed trade Smart Orders: US$ 0.50/executed contract capped at US$ 7.50/executed trade. Eurex option and futures TRADEX WORKSTATION and API orders EUR 1.00/Cancel or modify order EUR 5.00/Eurex execution in same product on same day.

 

Note that Time in Force orders that are submitted with a specified expiration time ("Exp. Time") will be assessed cancel fees according to the above schedule.

 

* Execution credits are applied against cancel or modify fees for the day. Execution credits cannot be greater than cancel/modify fees . ** Volatility continuous update and peg-to-stock smart routed orders will be only routed to Box and PHLX and will not incur modify fees.

 

Exchange Trade Bust/Trade Adjust Fees

If an exchange or other market center charges to Tradex Direct a trade bust or trade cancel fee or trade adjust fee because of an order placed by an TRADEX customer, or because of a customer bust or adjust request, the customer is fully responsible for the fee and the fee will be deducted from the customer’s account.

 

Specialist Pass Through Fees

The NYSE specialists charge substantial handling fees, typically $0.01 US$ per share, for orders residing on their order book (i.e. not executed) for more than 5 minutes. Customers who make excessive use of NYSE directed orders such that substantial specialist costs are incurred by TRADEX, may be charged these specialist fees as a pass-through. In general, if the volume of directed orders incurring specialist charges is less than 5% of the total volume traded in the account, there will be no pass through of the charges. Traders can avoid the specialist fee problem by using TRADEX SMART routing.

 

Withdrawal Fees

After the first withdrawal (of any kind) in a month, TRADEX will charge the following withdrawal fees:

 

Withdrawal Fees
Base Currency Wires Checks ACH/EFT USD 20.00 10.00 2.00 AUD 30.00 N/A N/A CAD 32.00 N/A 4.00 CHF 22.00 N/A N/A EUR 16.00 N/A N/A GBP 14.00 N/A N/A HKD 190.00 N/A N/A JPY 2,200.00 N/A N/A

 

Miscellaneous Fees
Base Currency Telephone Orders* Check Stop Payment Bounced Check Fee Archived Statements** Cash Deposits*** AUD AUD 80/order N/A N/A AUD 400 2% GBP £34/order N/A N/A GBP 180 2% CAD CAD 70/order N/A N/A CAD 200 2% EUR €50/order N/A N/A EUR 100 2% HKD HKD 470/order N/A N/A HKD 1,400 2% JPY JPY 7,000/order N/A N/A JPY 25,000 2% KRW KRW 60,000/order N/A N/A N/A 2% MXN MXN 600/order N/A N/A N/A 2% SEK SEK 450/order N/A N/A N/A 2% CHF CHF 80/order N/A N/A CHF 400 2% USD US$50/order US$75.00 US$50.00 US$ 200 2%

*Telephone orders are only allowed for closing orders, and the stated fee is in addition to all regular commission fees. Fees will be waived in the case of TRADEX technology problems.

 

**Statements older than last 3 full calendar years, per statement fee. All other statements available for free.

 

***Any customer making a deposit of physical currency anywhere worldwide will be charged a fee of two percent of the deposit amount ($75 (or US$ equivalent) minimum).