Commission Fees

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.

Trading Activity Fee

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.

Fee Breakdown

Equities	Fees
Stocks & ETFs	$0 + Minor Clearing Fees Noted Above
Stock & ETF Options	$0 + Minor Clearing Fees Noted Above
Real-time Data	Free
Level Two Data	Free
Minimum Deposit	$0

Futures & Indexes	Fees
Futures	$0.85 per contract + Minor Clearing Fees Noted Above
Futures Margin Rates	View List Here
Micro Futures	$0.50 per contract + Minor Clearing Fees Noted Above
Index Options	$0.50 per contract + Minor Clearing Fees Noted Above
Real-time Data	Free
Active L2 Trader	Free

Account Balance	Maker Fee	Taker Fee
Up to $100,000	$2 + 0.30%	$2 + 0.30%
Over $100,000	$1 + 0.10%	$1 + 0.20%
Over $1,000,000	$1 + 0.05%	$1 + 0.10%

Disclosures: Aries Financial, Inc. is not a broker-dealer or investment advisor. Securities and investments are offered through TradeStation Securities, Inc.