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 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 ($75 outside the USA, via International SWIFT wire).
  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. Charged yearly in December, starting in 2020.
*Refunded to existing customers whose IRA generated over $50 in commissions, or maintained an average cash balance over $20,000 during the past year. Fee is applicable and non-refundable to IRAs terminated in between anniversary dates.
  Paper/Postage...
Service Details
Trade Confirmation* $1.50 per postal mailing within USA. $2.50 outside USA.   *(Waived for electronic delivery).
Monthly Statement* $2.25 per postal mailing within USA. $3.75 outside USA.   *(Waived for electronic delivery).
1099* $3.00 per postal mailing of the year-end 1099 tax statment.   *(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.
  Foreign Stock/Option...
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.
  Other...
Service Details
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.
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.
W-8BEN Validation $60 to validate a newly submitted udpated W-8BEN*. Fee applicable to those residing outside the USA. Waived for accounts valued over $10,000.
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.
Non-marketable Security Removal $10.95 per removal of security with little or no value.
Short Sale Interest  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 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.
• Individual retirement accounts (IRAs), and other qualified retirement plan accounts for which our clearing agent acts as custodian.
• Accounts that maintain a net cash credit balance of at least $15,000 during the calendar year.

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 $25,000 or an average debit balance exceeding $25,000).

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.