SELF-DIRECTED INVESTING + AUTOTRADE EXECUTION
AutoShares AutoTrading Platform enables you to perform self-directed autotrade execution based on the trade alerts of third-party investment newsletter publishers, third-party research publications, and trade signal publishers you are subscribing to independently of AutoShares.
PRICING
Base Rate | $4.95 per order (minimum) |
Stocks | + any applicable exchange, routing, and regulatory fees. |
Options | + .75 cents per contract |
**Pricing is subject to change at any time.
** Click Here for Exchange Fees, Routing Fees, and Regulatory Fees.
Rates and Fees are Subject to the Following Guidelines
**Standard rates are listed above. Pricing and rates do not automatically adjust. Customers may utilize a promotional offer or request a rate update which will start following the update approval. You must contact us to request any rate changes for future trading activity. No rebates are issued for past trade activity.
** Rates shown are for each independent non-pro brokerage account established by a customer.
** SEC, FINRA, TAF regulatory, and any exchange routing fees are debited per stock and options transaction executed in your account.
** OCC/ORF and any options exchange-related fees are debited per each options transaction executed in your account.
** CBOE charges customers additional fees to trade products that are solely traded on their exchange. Proprietary Index Option fees are assessed on orders on a per contract basis in addition to clearing and regulatory fees that apply to all opening and closing orders in CBOE proprietary products. For a list of applicable CBOE ETF, ETN, EQUITY, and VENUE FEES: Go Here
**CBOE Proprietary exchange fees including trades in indexes such as SPX, VIX, RUT, NDX, DJX, NDX, OEX, and XEO are debited per each options transaction in CBOE proprietary indexes or products executed in your account.
** Option exercise or assignment will be charged $5 per symbol per account
** All fees including rates, regulatory, routing, data, software, services, and clearing fees are debited to your online brokerage account.
** Multiple-leg options strategies such as spreads are charged per each leg of the transaction executed.
** Call-in trades for clients – add an additional $39.95 per ticket. This fee applies to all trading services.
** Clients who do not elect to receive their confirmations and statements electronically will be charged $2 per confirmation and $5 per statement for each confirmation or statement sent by postal mail delivery.
Available with AutoShares Online Brokerage Accounts
Webtrader Platform with Autotrade Execution
Autotrade Execution Platform for Stocks, Options, ETF’s Complex Options Orders, Directional Options (Calls, Puts) Credit Spreads, Debit Spreads, Iron Condors, and more.
Trade Notifications
Trade Notifications Wherever You Are
Accessible Everywhere
Mobile, Web, IOS, iWatch, Android.
Special Offers
Any special offers or pricing deals we offer that are not accepted by the client by opening and funding an account within 30 days are automatically considered voided. After 30 days the offer would go back to the default rates listed above. Rates as shown may not be valid with any other special offer or with other negotiated rates.
Margin Rates and Borrowing
If you need leverage, we can offer discounts on margin interest rates based on your margin debit balance. Margin interest is charged on a tiered rate structure. Margin interest rates are calculated based on the average daily margin balance and assessed monthly.
**Margin interest rates are subject to change at the sole discretion of the Firm and without prior notice.
Margin Rates**
< $25,000 – FFR+700 bps
$25,001 – $100,000 – FFR+600 bps
$100,001 – $250,000 – FFR+500 bps
$250,001 – $1 million – FFR+400 bps
$1 million – $5 million – FFR+300 bps
$5 million and above – FFR+200 bps
MARGIN DISCLOSURE STATEMENT: FINRA Rule 2264
We are furnishing this document to you to provide some basic facts about purchasing securities on margin, and to alert you to the risks involved with trading securities in a margin account.
Before trading stocks in a margin account, you should carefully review the margin agreement provided by your broker. Consult your broker regarding any questions or concerns you may have with your margin accounts.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from your brokerage firm. If you choose to borrow funds from your firm, you will open a margin account with the firm. The securities purchased are the firm’s collateral for the loan to you. If the securities in your account decline in value, so do the value of the collateral supporting your loan, and as a result, the firm can take action, such as issue a margin call and/or sell securities in your account, in order to maintain the required equity in the account.
It is important that you fully understand the risks involved in trading securities on margin.
These risks include the following:
• You can lose more funds than you deposit in the margin account – A decline in the value of securities that are purchased on margin may require you to provide additional funds to the firm that has made the loan to avoid the forced sale of those securities or other securities in your account.
• The firm can force the sale of securities in your account – If the equity in your account falls below the maintenance margin requirements under the law, or the firm’s higher “house” requirements, the firm can sell the securities in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
• The firm can sell your securities without contacting you – Some investors mistakenly believe that a firm must contact them for a margin call to be valid and that the firm cannot liquidate securities in their accounts to meet the call unless the firm has contacted them first. This is not the case. Most firms will attempt to notify their customers of margin calls, but they are not required to do so. However, even if a firm has contacted a customer and provided a specific date by which the customer can meet a margin call, the firm can still take necessary steps to protect its financial interest, including immediately selling the securities without notice to the customer.
• You are not entitled to choose which security in your margin account is liquidated or sold to meet a margin call – Because the securities are collateral for the margin loan, the firm has the right to decide which security to sell in order to protect its interests.
• The firm may increase its “house” maintenance margin requirement at any time and is not required to provide advanced written notice – These changes in firm policy often take effect immediately and may result in the issuance of a maintenance margin call. Your failure to satisfy the call may cause the firm to liquidate or sell securities in your account.
• You are not entitled to an extension of time on a margin call – While an extension of time to meet margin requirements may be available to customers under certain conditions, a customer does not have a right to the extension.
• The IRS requires Broker-Dealers to treat dividend payments on loaned securities positions as in-lieu dividends for 1099 tax reporting purposes – Taxation of substitute dividend payments may be greater than ordinary on qualified dividends.
REGULATORY, ROUTING, AND EXCHANGE FEE SUMMARY
* SEC, FINRA, TAF, and any additional stock venue exchange fees are debited to customer trades in addition to applicable rates.
* OCC/ORF, CBOE Proprietary Exchange Fees and any option venue fees are are debited to customer trades in addition to any applicable rates.
Regulatory Fees | Multiplier |
|---|---|
SEC Sec. 31 Fee (Stocks) | ($0.0000229 * value of aggregate sales rounded to the nearest penny) SEC Fee = Total price of transaction * 22.90 / 1,000,000 |
FINRA TAF Fee (Stocks)
Finra TAF Fee (Options) | ($0.00013) Covers sales of exchange registered securities whenever executed. Multiply this amount by the number of shares sold, $6.49 Maximum. $0.00218 per contract for each sale of an option, $6.49 maximum |
Options Regulatory Fee (Options) | ($0.0034) Per U.S exchange listed option contract |
Options Clearing Corp | Options Clearing Corporation |
ROUTING FEES
STOCKS | RATES |
|---|---|
AUTO | No additional fee |
ARCA | $0.003 per share |
BATS | $0.003 per share |
NSDQ | $0.003 per share |
Market Center Routing Fees (Stocks) | * Customer stock orders routed to AUTO are billed at the commission rate with no additional routing fees. Customers directly routing orders to BATS, ARCA, NSDQ Exchanges during pre-market trading hours, regular market hours, and after regular market hours, are billed .003 per share. |
CBOE (Options) | CBOE PROPRIETARY EXCHANGE FEES CBOE charges customers additional fees to trade products that are solely traded on their exchange. Proprietary Index Option fees are assessed on orders on a per contract basis. Proprietary Index Options fees are in addition to clearing and regulatory fees that apply to all opening and closing orders in CBOE proprietary products. For a list of applicable CBOE ETF, ETN, EQUITY, and VENUE FEES: Go Here |
$SPX | +.65 cents per contract |
$RUT | +.18 cents per contract |
$NDX | +.18 cents per contract |
$OEX | +.40 cents per contract |
**Routing fees are subject to change without prior notice. If necessary, we reserve the right to debit your account for any venue, routing, or exchange fees based on vendor changes in routing rates. We reserve the right to mark up or adjust any routing fees at our sole discretion. Clients trading on our per trade or per share rate plans is not eligible to receive rebates unless agreed to in writing by management. There may be other routes available that are not listed here, which may charge a fee. You should always call and check the fee on any route before using it. ORF and OCC Fees are assessed on all options trades and exchange fees are listed on the statement under transaction fees and additional fees.
Low Priced Securities
$.0002 per share with 5% notional value max.
Rule 606 Disclosure
The Firm, in its efforts to seek best execution, routes client orders to national securities exchanges, alternative trading systems (ATS’s), including electronic communications networks (ATS) and other market centers. Certain market centers offer credits (deemed payment for order flow) for orders that provide liquidity and may charge access fees for orders that take liquidity. In some cases, the credits offered by a market center may exceed the charges assessed, such that a market center may make a payment to ViewTrade Securities in relation to orders directed to such market center. In addition, ViewTrade Securities routes orders to broker-dealers who are market makers in securities.
ADR Creation/Cancellation | $35 plus pass thru fee from ADR Sponsor, third parties |
DK Items | $20.00 per item |
DK Items on DVP Trades | $25 per item plus interest (FFR+5%) |
Domestic Voluntary Corp Actions/Reorganization | $50 per cusip per account |
DRS Transaction | $75 per security |
DTC Free Deliveries | $2 per security |
DWAC | $75 per event |
DWAC/DRS Reject | $125 per security |
Electronic delivery of confirms/statement/tax doc | no charge |
Electronic to physical certificate conversion | $900 per security |
Escheatment Processing | $75.00 per account |
Foreign Security Free Deliveries/Receives | $50 per movement |
In-Bound ACATSs | no charge |
Out-bound ACATs | $75 per ACAT |
In-coming Wire Fees | no charge |
International Voluntary Corp Action/Reorganization | $100 per cusip per account |
Involuntary Reorgs | no charge |
Lost Certificate Replacement | 3% of certificate value ($250.00 minimum) |
Low Priced Securities | $0.0002/shr with 5% notional trade value max. |
Margin Extensions | $25 per event |
Margin Sell out Fee | $25 per ticket |
Margin Rates** | < $25,000 – FFR+700 bps |
$25,001 – $100,000 – FFR+600 bps | |
$100,001 – $250,000 – FFR+500 bps | |
$250,001 – $1 million – FFR+400 bps | |
$1 million – $5 million – FFR+300 bps | |
$5 million and above – FFR+200 bps | |
Non-transferable stock held | $10 per month per stock |
NSCC Illiquidity Fee | $250 per trade plus 15% interest/annum on NSCC charge |
Option Exercise/Assignment | $5 per symbol per account |
Out-going Wire Fees – Domestic | $20 per wire |
Out-going Wire Fees – International | $30 per wire |
Overnight mail | as incurred pass thru |
Paper check Draft (USD) | $5 per check |
Stop payments on Issued Checks | $30 per check |
Check Copies | $15 each |
Returned Checks/ACH Wires Recalls including Amendments | $30 per transaction |
ACH Notice of Correction | $5 per notice |
Confirmations | $2 per confirm |
Statements | $5 per statement |
Paper Prospectus Mailing | $2.50 per mailing |
TOD Account Transfer Fee | $200 per transfer |
Physical security deposits | not permitted / $500 if exception made |
Physical Trade Settlement – not always known upfront | $300 per security |
Postage for Paper confirms | $2 per daily confirm |
Postage for Paper statements, tax docs | $5 per item |
Reg 144 Sales | fees will vary. Need to confirm in advance |
Reorg Physical Processing Fee | $125 plus transfer agent fees |
Reorg Wire (UDS) | $20 per item |
Reorg Wire (International) | $30 per item |
Restricted Transfers | $465 per security |
Retirement Accounts | $30 annual maintenance – $60 termination |
Returned Mail | $2 per item |
Safe Keeping – certificates | $5 per month per account per cusip |
Short Buy-in Fee | $25 per ticket |
Standard Legal Transfers | $150 per security |
Stock Borrow Fee | Fee set by market – pass thru as incurred |
Trade Corrections | $10 per item |
*ALL FEES SUBJECT TO CHANGE WITHOUT NOTICE 
**AutoShares charges margin interest based on a tiered rate structure. Margin interest rates are calculated based on the average daily margin balance and assessed monthly. Margin interest rates are subject to change at the sole discretion of the Firm and without prior notice.