Low Trading Fees & Commissions

The pricing structure for this relationship is designed to help you reduce your costs through competitive commissions, fees and margin rates – all backed by the support you can only get from Scottrade.

 

 

Options Sold / Options Bought

Commissions

Commissions

Details

Options

$0.50 contracts with a $5 minimum

Equities

$0.005 per share with a $5 minimum

 

Margin Rates

Margin Interest Rates

 

 

Currency

Loan Amount

Rate

USD $0 - 100,000 (tier I) 6.9%
$100,000.01 - 1,000,000( tier II) 6.4%
$1,000,000.01 - 3,000,000 (tier III) 5.9%
$3,000,000.01 - 200,000,000 (tier IV) Greater of (0.5% +5%) or (BM + 0.25% + 5%)
$200,000,000.01 + (tier V) Greater of (0.5% +5%) or (BM + 0.25% + 5%) See note below


Note: May be subject to a 1% surcharge applied to the spread if financing is not pre-arranged.

When calculating rates, keep in mind that Scottrade uses a blended rate based on the tiers above. For example, for a balance over 1,000,000 USD, the first 100,000 is charged at the Tier I rate, the next 900,000 at the Tier II rate, etc. When determining the quoted spread, Scottrade will use the set benchmark rate or a benchmark rate of 0 for all benchmark rates less than 0.

Margin/loan balance interest amounts accrue daily and are charged monthly. Interest charges for the current month are usually posted to your account on the third business day of the following month.

The tiers on which interest is based and effective rates may change from time to time without prior notification to clients.

Common Fees

Description

Details

Withdrawals

1 FREE every 30 days.
Additional withdrawals:
Wire $10, Checks $4, ACH $1 each

Exercise/Assignment

Commission-free*

Corporate Actions (Requests to exercise
Dissenter or Appraisal Rights)

$100+external costs

All other Corporate Actions
(Mandatory, Voluntary, With options, etc.)

No charge

Stock Options USD 0.000119 * Quantity Stock Sold, max 5.95 per Trade and USD 0.0000184 * Aggregate sales
* exchange and regulatory fees may apply

Research and News Fees


IBIS Research Platform:

Research and news subscriptions are available through Interactive Brokers Information System (IBIS), our comprehensive news and fundamentals research platform add-on to the TWS. Separate data services are also available.

Description          

Non-Professional

Monthly Fee

Professional

Monthly Fee

IBS Research Platform

FREE

FREE

 

  • News: Dow Jones, Reuters, Briefing.com, theflyonthewall.com.*
  • Fundamentals: Financial statements, consensus estimates, ratios, SEC filings, insider trading reports, and more.*
  • Live Event Calendars: Earnings events, economic indicators, IPOs, splits.*
  • Analyst Research: Equity, ETF, and credit reports from Morningstar and Zacks.*
  • Analyst Upgrade/Downgrade Bulletin: Tracks sell-side research activity.
  • Market Commentary: Macro economic outlook, industry focus, intraday market updates, and more.


*Requires Data Subscription

Data Services: Research Data Bundle

The Research Data Bundle for each region includes the following:

  • Reuters Worldwide Fundamentals
  • Reuters StreetEvents Calendars
  • Region Specific Dow Jones Trader News
  • MT Newswires (Global Professional and North America Professional only)
  • The Fly (Global Professional and North America Professional only)
  • Briefing.com (Global Professional and North America Professional only)
  • Recognia

Description          

Non-Professional

Professional

North America

$33

$105


  You may find additional News and Market Data Subscription Information at InteractiveBrokers.com.  

 

Market Data Fees


Non-Professional Market Data Subscriptions: Designed for retail traders

(MOST COMMON)

A-la-carte Subscription suggestions to create the US equity and Option streaming package:

Description

Details

NYSE (Network A/CTA) Top of Book(L1)

($1.50)

AMEX (Network B/CTA) Top of Book (L1)

($1.50)

NASDAQ (Network C/UTP) Top of Book(L1)

($1.50)

OPRA Top of Book(L1) (US Option Exchanges)

($1.50)

The total cost per month for all subscriptions listed is $6.00 but the $1.50 fee for OPRA is rebated with $20 or more in commission for the month so the total cost for the a-la-carte subscriptions would be $4.50/month if trading at that volume.

 

US Securities Snapshot and Futures Value Bundle ($10/month* + $0.01/snapshot)

Once you have done 150 snapshots/exchange (NYSE,NASDAQ, & AMEX) it will then convert to US Equity and Add-On Streaming Bundle ($4.50/month). $10 is rebated with $30 or more in commission for the month

+

US Equity and Add-On Streaming Bundle ($4.50/month)

This add on gives you streaming data from NYSE, AMEX, NASDAQ, and OPRA (options data). The total cost per month for this package is $14.50 because the US Securities Snapshot and Futures Value bundle is required in order to subscribe which is $10/month, however $10 is rebated with $30 or more in commission for the month so total cost for this add on would be $4.50/month if trading at that volume.

 

Financial Professional Subscriber Package: Designed for financial professionals (those who register as a professional user by exchange definition)

(NOT COMMON)

Professional US Securities Snapshot and Futures Value Bundle ($10/month* + $0.01/snapshot**) + US Equity and Add-On Streaming Bundle ($122/month)

The total cost per month is $132.00.

*$10 is rebated with $30 or more in commission for the month so it would only be $122/month if you are trading at that volume

**Once you have done 9,100 snapshots (NYSE {4,500}, NASDAQ {2,300}, & AMEX {2,300}) it will then convert to US Equity and Add-On Streaming Bundle ($122/month)

A-la-carte Subscription suggestions for Professionals to create a US equity and Option streaming package:

Description

Details

NYSE (Network A/CTA) Top of Book(P, L1)

($45.00)

AMEX (Network B/CTA) Top of Book(P, L1)

($23.00)

NASDAQ (Network C/UTP) Top of Book(P, L1)

($23.00)

OPRA Top of Book(P, L1) (US Option Exchanges)

($32.75)

The total cost per month for all subscriptions listed is $132.75.

Other Fees

Other Fees

Details

ACATs

No charge

Pass Thru Fees

Vary by exchange

Miscellaneous Fees

Click to view

 

blank