|Account Transfer Out- ACAT||$95.00 per full or partial account transferred to another financial institution via the ACAT system.|
|DRS/DTC Transfer Out||$30.00 per position transferred to another financial institution. Applies to transfers via the DRS or DTC system.|
|DRS Transfer In||$20.00 per stock, for transfer of account registration from transfer agent.|
|DTC Transfer In||$5.00 per security, to transfer from another firm via the DTC system.|
|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 Dissolution||$200 per occurrence. Potential fee to distribute trust account assets to a successor trustee or beneficiary. Contact us for details.|
|Wire Transfer||$30.00 per $USD transfer of funds to another financial institution in the USA via Federal Wire System ($100 outside the USA, via International SWIFT wire).|
|IRA Termination||$95.00 per IRA for the closing or full transfer of a retirement plan account.|
|IRA Maintenance*||$55.00 per IRA. Charged upon yearly anniversary of account opening.
*Refunded to existing customers whose IRA generated over $50 in commissions, or maintained an average cash balance over $30,000 during the past year. Fee is applicable and non-refundable to IRAs terminated in between anniversary dates.
|Trade Confirmation*||$1.00 per postal mailing *(Waived for electronic delivery).|
|Monthly Statement*||$2.25 per postal mailing *(Waived for electronic delivery).|
|1099*||$3.00 per postal mailing of the year-end 1099 tax statment. *(Waived for electronic delivery).|
|Prospectus/ Annual Report/ Proxy*||Up to $7.50 per postal mailing with in USA (depending on postage), for paper prospectus, annual report or proxies. Up to $30 outside USA (depending on postage). *(Waived for electronic delivery).|
|Duplicate copy of Statement||$5.00 per duplicate monthly statement from 2002 and later. Prior to 2002 is $10.|
|Returned Mail||$5.00 per mail piece of non-deliverable postal mail returned by USPS.|
|Certificate Deposit||$10 per physical paper certificate deposit + pass-through costs from Transfer Agent (historically $30-$55). Contact us prior to submitting.|
|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 to 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, to record date Reg. S Global Depository Receipt (GDR/ADR) holders.|
|Non-DTC Foreign Custody||$4 per month, per foreign position. Transfer agent charge to hold 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.|
|Margin House Call||$10.00 charge for margin accounts the fall below the minimum equity requirement.|
|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.|
|Bond Redemption||$10.00 per event. Assessed when bonds mature or are called for redemption.|
|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.|
|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.|
|Post Settlement 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, or to add/remove beneficiaries from a TOD account.|
|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.|
|1099 B-Notice- Name ID Match 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.|
|Sub-Penny Stock Positions over 1 million shares||$1, per 1 million shares, per month, to hold stocks valued under 1 cent per share.|
|Worthless Security Removal||$20 per removal of security with little or no value.|
|Short Sale Interest||Varies per short position. Also known as "stock borrow 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 Dec 31st. (Details below)|
|Inactive Account Fee Details:
An inactive account would meet the following criteria:
• The account has had no settled trades (subject to a commission or load charge), from January 1 through Dec 31.
• The account had margin (debit) and/or credit (cash balance) interest of less than $100 during the calendar year.
The following accounts are exempt from inactive account fees:
• Accounts executing one trade subject to a commission or load charge, that settles during the calendar year, exclusive of dividend reinvestment trades.
• Accounts that generated at least $100 of either margin (debit) or cash (credit) interest during the calendar year.
• Accounts classified as Corestone Gold or Platinum level.
• Individual retirement accounts (IRAs), and other qualified retirement plan accounts for which our clearing agent acts as custodian.
• Accounts that maintain a FundVest mutual fund position value of at least $100,000 during the calendar year.
• Accounts that maintain a net cash credit balance of at least $15,000 during the calendar year.
$60 annual fee.* (*Waived for accounts with an average credit balance exceeding $25,000 or an average debit balance exceeding $25,000).
Note: The Cash Plus Account is the replacement the Corestone Account starting in July 2019.
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.