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Stocks & ETF Pricing

Choose the pricing plan that best fits your trading style.

Per–Share Commission1

per share up to 500 shares

0.6¢

per share thereafter

 

  • Includes all ECN fees — $1 minimum

  • No charge for unexecuted or cancelled shares

Flat–Fee Trading2

$4.99

per trade (200 or more trades/month)

$5.99

per trade (100 — 199 trades/month)

$6.99

per trade (30 — 99 trades/month)

$7.99

per trade (10 — 29 trades/month)

$9.99

per trade (1 — 9 trades/month)

  • Direct routing up to 1000 shares is no additional charge, $.004 per share thereafter.

View Examples

View Examples

Important Note: Stocks and options can be traded in an equities trading account with TradeStation. The commission plan you choose (per-share vs. flat-fee) applies to both the stock and options trading done in that account.

Unbundled Pricing3

Unbundled Stock and ETF Pricing is a new commission plan that complements our current per-share and flat-ticket offerings. This new plan allows Tradestation to offer competitive commission rates and pass through to clients execution fees and rebates from the exchanges.

Commission # of Shares Executed Min. Commission
0.01 Up to 100,000 $1.00
0.007 100,000 to 1 million $0.70
0.005 1 million to 3 million $0.50
0.003 3 million to 5 million $0.50
0.002 5 million + $0.50

For more information about this commission plan, please contact your
TradeStation Sales Representative today at 1-800-770-4049

Margin Rates

Less than
$25,000
$25,000 -
$49,999
$50,000 -
$249,999
$250,000 -
$999,999
$1,000,000 -
$9,999,999
$10,000,000
and above
8.50% 8.25% 7.75% 7.25% 6.75% 6.25%

Upgrade your stock & ETF trading to TradeStation today

Pricing Disclosures:

A monthly Account Service Fee may apply based on trading volume or account balance. There is a regulatory transaction fee of 0.00221% of the total dollar amount of securities sold. TradeStation may pass through certain charges, including financial transaction taxes, on the purchase of foreign-related securities, like American Depositary Receipts, that remain long in your account at the close of trading on the day of purchase. Prices, fees, costs and terms are subject to change.

  1. Per-share equities commissions, which under certain circumstances may be lower and more advantageous to smaller-share-per-order traders, are primarily designed for use by active individual, institutional, and professional stock traders desiring the highest level of execution quality and speed. As such, the intelligent-routing algorithm predominantly leverages the advantages of more expensive execution destinations such as ECNs and electronic exchanges.

  2. Flat-fee equities commissions, which under certain circumstances may be lower and more advantageous to larger-share-per-order traders, are primarily designed for use by individual traders who value execution quality and speed, and desire the highest level of flexibility with their execution costs. As such, the intelligent-routing algorithm may favor less expensive execution destinations including market makers.

    Flat-fee and per-share commissions shown are based on intelligent order routing. Direct routing of flat-fee orders is available at no additional charge for orders of up to 1000 shares; direct-routed flat-fee orders of over 1000 shares will be charged an additional $.004 per share in excess of 1000 shares. For new accounts, the flat-fee commission rate for the first calendar month will be $4.99 per trade for all equities trades. In subsequent calendar months, the flat-fee commission rate will be based on the equities and options trading activity in your account from the prior month. For example, if the total number of equities and options trades in all your TradeStation flat-fee accounts under the same customer ID is 20 in July, then all equities and options trades placed in your commission accounts in August will be $7.99 per trade.

  3. A clearing fee of $0.0002 per share will be added to every transaction. There is no additional fee for direct routing. $1 minimum per order up to 100,000 shares executed per month, $0.70 minimum up to 1 million shares executed, and $.50 minimum per order for monthly volumes exceeding 1 million. This is only applicable for the commission. The pass-through rebate and fee are not taken into consideration for the minimum commission charge. If intelligent routing is selected, the order will get routed to the destination based on our intelligent routing algorithm, not necessarily the destination with the lowest fee or highest rebate. Care should be taken when using intelligent routing on the unbundled commission plan. In most cases, the same fee/rebate the exchanges charge TradeStation is passed on to the client, but this is not guaranteed. Some normalization does take place.

Flat Fee Title

(Note: These are hypothetical examples only—not recommendations of how you
should trade or guarantees of any particular results)


Flat Fee Examples
Per Shar Title 

(Note: These are hypothetical examples only—not recommendations of how you
should trade or guarantees of any particular results)


Per Share Examples 
Per Share Examples 

Unbundled Pricing Example

Example 1:

A client who trades 4 million shares per month places a market order to buy 1,000 shares of GOOG. He selects BYX as the destination to route the order. The commission for the 1,000 shares is $3.00 (1,000*0.003). The rebate from BYX for removing liquidity is $0.70 (1,000*-0.0007). The clearing fee is $0.20 (1,000*0.0002)

The total commission for this trade is $2.50 ($3.00 - $.70 + $0.20).

Example 2:

A client who trades 5 million shares per month places a limit order to buy 10,000 shares of MSFT that will add liquidity. She selects BATS as the destination to route the order. The commission for the 10,000 shares is $20.00 (10,000 * 0.002). The rebate from BATS for adding liquidity is $25.00 (10,000 * -0.0025). The clearing fee is $2.00 (10,000*0.0002).

The total commission for this trade is a rebate of $3.00 ($25.00 - ($20.00 + 2.00)).

Example 3:

A client who trades 1 million shares per month places a market order to buy 5,000 shares of BAC. He selects NYSE as the destination to route the order. The commission for the 5,000 shares is $25.00 (5,000*0.005). The fee from NYSE for removing liquidity is $12.50 (5,000*0.0025). The clearing fee is $1.00 (5,000*0.0002).

The total commission for this trade is $38.50 ($25.00 + $12.50 + $1.00).

* The fees and rebates listed are only examples. Please refer to the Fees and Rebates page for actual pricing.

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