Deep Discount Commissions for Online Trading
*Stocks $0.01 per share Minimum $2.95, All-in. *Options Minimum $1.50, No Base Fee, Simple $0.75 Per Contract
Based upon published Web site commission schedules, as of 2/24/2012, for E*Trade, Fidelity, Charles Schwab, and TD Ameritrade for all online U.S. equity trades
Please Note:
If you direct your securities orders to a specific exchanges and then those exchanges happen to charge additional fees then we will pass them on to you. (We don't see this very often but we wanted to make sure that you know about.)
Please Note: It's important to note that you must upgrade your trading permissions to include Fixed Income and subscribe to US Bond Data before you will be able to trade any bond instruments, and subscribe to Moody's Ratings to trade municipal bonds.
*IPOs for Closed End Funds may charge additional fees.
**Mutual Fund companies set their own fees. Place Trade does not have discretion over what or if a fund company charges a fee nor are we able to discount their rates.
In addition to extremely low commissions and margin rates, Place Trade clients receive the benefit of Verified Price Improvement via Smart Routing technology. Verified Price Improvements and Best Executions often make Place Trade client's overall cost lower than other firm's "flat rate" commissions regardless of the number of shares traded.
Save even more on your trading costs with our extremely low margin rates! For additional information on low margin loan rates, please visit our Margin Rates section.
Is there a minimum amount required for opening an account?
Our clearing firm requires a minimum initial investment of $5,000.00 (valued in securities or cash) for traders, and of $3,000.00 for IRA accounts.*
How can I fund my account?
Visit our Fund Your Account page for more information.
For additional Information visit our FAQ page or call us att 1-800-50-PLACE today!
*Directed Orders may incur exchange fees charged by the specific exchanges that you direct your order to. If that exchange charges a fee to transact your directed order we will pass that fee on to you.
Place Trade Financial, Inc. is a member of FINRA and SIPC. Place Trade is a MSRB registered firm.
*(Please note that some Mutual Fund companies will allow investors to invest smaller amounts under certain circumstances. Please call 1-919-719-7200 today.
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