Commissions and Fees

Know what you’re paying for

For more than 35 years, the Scottrade® name has stood for straightforward and clear pricing. You can extend the same commitment to delivering value for your clients with our flat commission structure.

Because we believe overhead concerns shouldn’t limit a growing RIA business, there are no fees for annual account maintenance*.

  • No Annual Account Maintenance Fee
  • No Inactive Account Fee
  • Free Cost-Basis Reporting;
  • Free Incoming/Outgoing Direct Registration System (DRS)
  • Free Deposit or Withdrawal Fee at Custodian (DWAC)

 

*Other fees may apply.

Stocks & ETFs - Market and Limit Orders

Order Method

Price

Online1

$6.95

Broker Assisted2

$32 + $0.02 per share

1For stocks priced under $1, add 0.5% of the principal value to the commissions shown. Commissions are charged on a per-order basis. Limit orders executed over multiple days and orders modified after a partial execution on the same day will be treated as separate orders for commission calculation purposes. A majority of orders must be executed online to qualify for the online commission rates. Some foreign and pink sheet stocks must be traded with assistance. Contact your advisor service team. Every market has its own fees and/or taxes assessed by local governments and exchanges. These fees may be automatically included in the quote.

2Broker-assisted commissions apply for all other transactions (including stocks priced under $1). Mailed confirmations and statements are free of charge.

Options1 (Equity, Index or ETF) - Market and Limit Orders

Order Method

Price

Online

$6.95 + $0.70 per contract

Broker Assisted

$32 + $0.70 per contract

Option Exercises and Assignments

$17

1Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade Options Application and AgreementBrokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy from your advisor service team. Supporting documentation for any claims will be supplied upon request. Consult with your tax advisor for information on how taxes may affect the outcome of these strategies. Keep in mind, profit will be reduced or loss worsened, as applicable, by the deduction of commissions and fees.

Mutual Funds1

Fund Type

Buy

Sell

Exchange

No-Load, No-Transaction-Fee (NTF) Funds

No Fee2

No Fee2

No Fee2

No-Load Funds (not in NTF program)3

$17

$17

$17

Load-Waived Funds

No Fee2

$0

$0

1Mutual Fund orders placed through your advisor service team are an additional $25. In addition to the commissions above, NTF, load-waived and no-load fund shares not in the NTF program that are purchased from Scottrade and which are held 60 days or less will be charged a short-term redemption fee. Exceptions to Scottrade's short-term redemption fee are: Direxion funds, Guggenheim, ProFunds Rydex and families of funds, which are intended for short-term traders. Mutual fund purchase orders at Scottrade must be the greater of $100 or the fund's minimum initial investment. You must have sufficient settled funds in the account to meet both the applicable minimum and to cover transaction fees and other fees prior to placing the trade.

2"No Fee" refers to Scottrade® transaction fees. See the fund's prospectus for other fees and expenses that apply to a continued investment in the fund.

3With regard to no-load funds that are not in the NTF program, Systematic Purchase/Redemptions will be charged $2 per occurrence.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses may be ordered by contacting Scottrade. The prospectus should be read carefully before investing. No-transaction-fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder or SEC 12b-1 fees.

Fixed Income Fees and Minimum Investment Amounts

Product

Fee

Minimum Investment

Increments

Certificates of Deposit, U.S. Treasury Bills, Notes, Bonds and Strips

Scottrade Acts as Principal*

$5,000

$1,000

Listed Corporate Bonds

$35 fee + $3 per Bond

$1,000

$1,000

New Issue Offering

Scottrade Acts as Principal*

$5,000

$1,000

OTC Secondary Agency

$1 per bond (Max $250)

$5,000

$1,000

OTC Secondary Corporate

$1 per bond (Max $250)

$5,000

$1,000

OTC Secondary Municipal

$1 per bond (Max $250)

$5,000

$5,000

Unit Investment Trusts (UIT)

$50 Liquidation fee

Check UIT Prospectus

N/A

Trade Away & Settlement Services

$25 Fee - Applies to trade executions in, or allocated to, client accounts

N/A

N/A

*When Scottrade acts as principal, bonds are subject to a markup or markdown.

Foreign Stocks

Service

Price per Transaction

Depositing

$250

Issuing a Physical Certificate

$250

Transferring In or Out

$60

Miscellaneous Fees

Service

Fee

Mailed Confirmation to an Online Account

$1

Mailed Account Statements

$2

Worthless Security Removal Fee

$7

Mandatory Reorganizations

$20

Special Requests and Overnight Delivery

$25

Returned or Stop Payments

$25

Wire Funds Out Domestic/International

$25/$40

Voluntary Reorganizations

$25

Cashless Stock Options Processing Fee

$50 (Plus Applicable Commission and Margin Interest)

Legal Items

$75 (minimum)

Outgoing Full Account Transfer

$75

Pre-Reorganization Certificate Deposit

$90

ADR Issuer Fee

$0.005-$0.05 per share

Check Writing

No charge

Sell-Out and Buy-In Notices

$25

Professional (Real-Time Streaming) Quote Fee1

$121 at Activation, $121 Per Month Following Activation

Trading Activity Fee* (TAF)2

Equities*$0.000119 per share sold
Options $0.002 per contract sold

*with a maximum charge of $5.95 per trade of 50,000 shares or more

Regulatory Transaction Fee3

$0.00218 for every $100.00 of stocks and options sold. A regulatory transaction fee that is assessed by Scottrade for certain regulatory costs on stock and option sell trades. All calculations of this fee are truncated to the penny (i.e. $0.01 increments). If your confirmation indicates that an average price was received, the fee amount shown is determined by first calculating the fee, then summing all those fees together and truncating to the penny.

1Monthly fee following initial activation. Designated Professional Subscribers requesting real-time streaming quote data will be assessed a recurring monthly charge in the stated amount per user, per professional account. Monthly subscription Streaming Market Data Services (Professional Quote) fees will be automatically deducted from your Scottrade® account on the first business day of each month following activation, and each designated user, per professional account will pay for usage/services for that month.

Activation fees associated with this data also apply, will be charged to you in full during the month you begin receiving the data, without proration, and will equal the amount of the monthly fee. You remain responsible for satisfying any obligations owed to Scottrade for Streaming Market Data Services, and any other fees associated with your account.

2A regulatory transaction fee that is assessed by Scottrade for certain FINRA regulatory costs on stock and option sell trades. All calculations of this fee are truncated to the penny (i.e. $0.01 increments). If your confirmation indicates that an average price was received, the fee amount shown is determined by first calculating the fee, then summing all those fees together and truncating to the penny. In certain cases this fee is capped at a maximum rate.

3A Regulatory Transaction Fee that is assessed by Scottrade for certain regulatory costs on stock and option sell trades. Calculations of this fee are truncated to the penny (i.e. $0.01 increments). If your confirmation indicates that an average price was received, the fee amount shown is determined by first calculating the fee, then summing all those fees together and truncating to the penny.

All commissions, fees and rates are subject to change without notice. Fees assessed by third parties for processing transactions may be passed through to your account. Also, note some special services may also require additional fees or transaction minimums not specifically listed here.

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