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Trades are commission-free for stocks & options in every single country we operate in through our relationship with TradeStation.
However, self-regulatory organizations (SROs) such as the Financial Industry Regulatory Authority (FINRA) charge us a small fee for orders. They charge these fees regardless of the brokerage. In order to ensure proper execution these small fees are passed on to clients.
Regulatory Transaction Fee
FINRA is required to pay this fee to the Securities and Exchange Commission (SEC) by law. To generate the funds necessary to do so, FINRA passes the fee on to its members, and many of these members pass the fee on to customers. The fee is ultimately intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals. The rate is subject to annual and mid-year adjustments.
The SEC fee is $22.90 per $1,000,000 of principal (sells only) and is rounded up to the nearest penny.
Regulatory transaction fees/trading activity fees involve TradeStation – not Aries Financial.
FINRA charges this fee to brokerage firms to recover the costs of supervising and regulating these firms.
The Trading Activity Fee is $0.000130 per share (equity sells) and $0.00218 per contract (options sells). This fee is rounded up to the nearest penny and no greater than $6.49. You may be charged a fee of more than $6.49 because the limit on this fee is based on the execution of your order, which can occur in multiple parts.
Disclosures: Aries Financial, Inc. is not a broker-dealer or investment advisor. Securities and investments are offered through TradeStation Securities, Inc.