Ancillary Fees

  Transfer/Withdrawal...
Service Details
Account Transfer Out- ACAT $95.00 per full or partial account transferred to another financial institution via the ACAT system.
DRS Transfer Out $75.00 per stock, for transfer of account registration to transfer agent.
DTC Transfer Out $30.00 per position transferred to another financial institution.
Overnight Check $40.00 per mailing, via overnight courier, for $USD check withdrawals ($100 outside USA).
Security Transfer Failure $20.00 per failed request, for security transfer requests which are initiated but unable to be completed.
Trust/Estate Dissolution $100. Potential fee to distribute or withdraw securities or cash from a trust or estate account. Contact us for details.
Wire Transfer $30.00 per $USD transfer of funds to another financial institution in the USA via Federal Wire System ($75 outside the USA, via International SWIFT wire).
Stop Payment of Check $30.00 to place a "stop payment" on a check written off your brokerage account balance.
Returned Checks/ACH $40.00 for a check or ACH deposit returned/rejected for insufficient or uncollected funds, etc.
  Retirement/IRA...
Service Details
IRA Termination $95.00 per IRA for the closing or full transfer of a retirement plan account.
IRA Maintenance* $55.00 per IRA per calendar year. Charged yearly, on or about Nov 29th.
*Refunded to existing customers whose IRA generated over $50 in commissions, or maintained an average cash balance over $20,000 during the calendar year. Fee is applicable and non-refundable to IRAs terminations.
  Paper/Postage...
Service Details
Trade Confirmation* $1.50 per trade for postal mailings within USA. $2.50 outside USA.   *(Waived for electronic delivery).
Monthly Statement* $2.25 per postal mailing within USA. $4.25 outside USA.   *(Waived for electronic delivery).
Year End Tax Statements* $3.00 per Form 1099 for domestic tax payers. $3 per Form 5498 for those who contributed to an IRA. $4.25 per Form 1042s for Foreign Person's U.S. Source Income Subject to Withholding.  *(Waived for electronic delivery).
Prospectus* $2.50 plus applicable postage.   *(Waived for electronic delivery).
Duplicate copy of Statement $5.00 per duplicate monthly statement from July 2013 and later. Prior to July 2013 is $10, and on a best efforts basis.
Stock Certificate Deposit $10 per physical paper certificate deposit + pass-through costs from Transfer Agent (historically $30-$55). Contact us prior to submitting.
Returned Mail Administration $3 per piece of returned mail (i.e. monthly statment) with in USA, due to an invalid postal mailing address. $5 outside of USA.
  Foreign Stock/Option/Currency...
Service Details
Foreign Receive & Deliver $75 to receive/deliver an OTC Foreign stock (5-letter symbol ending in F) from/to another broker.
Reg.S GDR/ADR Foreign Custody $.02-.05 per share, potential annual fee from transfer agent for record date Regulation S Global Depository Receipt (GDR/ADR) holders.
Reg.S GDR/ADR Foreign Processing Typically $.01-.03 per share charge, from transfer agent, for a dividend or distribution, with record date Reg. S Global Depository Receipt (GDR/ADR) holders.
Non-DTC Foreign Custody $4 per month, per foreign position. Transfer agent holding charge for foreign, non-DTC eligible stock. (5-letter symbol ending in F.)
French/Italian GDR/ADR Tax 0.3% of principal, for French Government tax of French company ADR or option contract purchases. 0.22% of principal, for Italian Government tax of Italian company ADR or option contract purchases.
Currency Conversion $50 per foreign currency conversion to $USD.
  Other...
Service Details
Regulation-T Extension $25 to file extension for clients failing to pay for purchase by settlement date.
Safe Keeping of Certificate $2.00 per certificate, per month, to hold a non-negotiable paper stock certificate at clearing agent, until negotiable.
Mandatory Reorganization $15.00 per security issue. Reorganizations whereby an owner must participate, such as mergers, spin-offs, splits, etc.
Voluntary Reorganization $35.00 per security issue. Reorganizations whereby an owner elects to participate, such as tender offers, Dutch auctions, etc.  Please note, while most issuers send notifications about pending reorganizations on a timely basis (whether electonically or postal mail), some may not.  Trading Direct is not responsible for any missed, late, or non-notifications.
Post Settle Trade Correction $15.00 is added to commission amount, to modify an executed trade after settlement date (where possible).
Transfer on Death change $60 to open a TOD Account, convert an individual or joint account to 'Transfer on Death' status, add/remove beneficiaries, or otherwise modify a TOD registration.
W-8BEN Validation $60 to validate a newly submitted (udpated) W-8BEN*. Fee applicable to those residing outside the USA.
UBTI Tax Return Processing $200 to file IRS form 990-T. Applicable only to retirement accounts with partnership securities generating at least $1000 of unrelated business taxable income.
W-9 IRS Tax Payer ID Mismatch $10. When an account holder's name and social security number which was provided on the new account application or W-9, does not match IRS records.
1099 IRS B-Notice- Name SSN Failure $100. An IRS B-Notice is an annual IRS notification to payers, when the recipients social security number which was provided, does not match IRS records.
Free Riding Trade Removals Any resultant loss from the removal of trades from an account due to a free riding violation, which was caused by improperly using unsettled funds. See Trading Rules for Cash Accounts for details.
Sub-Penny Stock Positions over 1 million shares $1, per 1 million shares, per month, to hold stocks valued under 1 cent per share.
Non-marketable Security Removal $10.95 per removal of security with little or no value.
Short Sale Interest/Locate  Varies per short position. Also known as a Stock Loan Fee (STK LN FEE). See Interest Rates page for details.
Cash Account Debit Interest Interest may be charged on a debit balance in a cash account, post-settlement date. See Interest Rates page for details.
Inactive Accounts $60.00 per account, charged annually, to inactive accounts for the one-year period ending July 15th 2022. (Details below)

 

Inactive Account Fee Details:
An inactive account would meet the following criteria:
• The account had no settled trades (subject to a commission charge) during the one-year period ending July 15th 2022.
• The account had margin (debit) interest of less than $100 for the one-year period ending July 15th 2022.

The following accounts are exempt from inactive account fees:
• Accounts executing at least one trade subject to a commission charge, that settles during the one-year period ending July 15th 2022, exclusive of dividend reinvestment trades.
• Accounts that generated at least $100 of margin (debit) interest for the one-year period ending July 15th 2022.
• Individual retirement accounts (IRAs), and other qualified retirement plan accounts for which our clearing agent acts as custodian.
• Accounts that maintained a net cash credit balance of at least $15,000 during the one-year period ending July 15th 2022.
• New Accounts opened during the one-year period ending July 15th 2022.

Cash Plus Account (Optional Banking Features: Check Writing, Debit Card) Pricing:

$60 annul fee charged at inception and upon annual anniversary*.    (*Waived for accounts with an average credit balance exceeding $50,000 or an average debit balance exceeding $50,000).

Low Priced Security Good Faith Deposit: 

For accounts owning stocks with insignificant value, a good faith deposit (GFD) of $60 is required, plus $20 for additional insignificant value positions. (i.e. own 3 stocks with insignificant value, GFD=$120). This is not a fee charged up front. Rather, it is money set aside in an account, which could be used to pay a future commission charge.