preloader icon
lightdark-switch
about-image

Pricing and Rates

We don’t believe in holding back on information. Especially on pricing. Get the answers you’re looking for.

Open an account
shpae-icon

Pricing and Rates

We don’t believe in holding back on information. Especially on pricing. Get the answers you’re looking for.

Stocks, ETFs

$0

Buy and sell stocks, ETFs, mutual funds and more.

Options contracts

$0.65

50¢ with 30+ trades per quarter

Futures contracts

$1.50

Buy and sell stocks, ETFs, mutual funds and more.

Bonds

$1.00

per bond (minimum $10, maximum $250)

Detailed pricing

Pricing 029 Trades/QTR 30+ Trades/QTR
Stock and options trades
(US Exchange-listed stocks)
$0 $0
Options contract fee $0.65 $0.50
Exercise / assignments $0 $0
Dime Buyback Program
Close short options priced at 10¢ or less, no contract fee
$0 contract fee

For options orders, an options regulatory fee will apply. Additional regulatory and exchange fees may apply.

Broker assisted trades

Customers will be charged an additional $25 for broker-assisted trades, (excluding Extended Hours overnight session trades placed via broker between 4 a.m. and 7 a.m. ET), plus applicable commission and fees. Directed trades executed through Alfa99 Pro to an ECN during regular market hours and Extended Hours sessions are subject to directed order fee of $0.005 per share. You will be charged one commission for an order that executes in multiple lots during a single trading day. Orders that execute over more than one trading day, or orders that are changed, may be subject to an additional commission.

Standard commissions for stock and options trades are $0 (plus an additional $0.65 per options contract). For options orders, an options regulatory fee will apply.

Over-the-counter stock trades

A $6.95 commission (or a $4.95 commission for customers who execute at least 30 stock, ETF, and options trades per quarter) applies to online trades of OTC stocks , including OTC, OTCBB, grey market, and OTC-traded foreign securities.

Pricing 029 Trades/QTR 30+ Trades/QTR
ETFs
$0 $0

The fund's prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing.

U.S. Treasury auction $0
U.S. Treasury secondary trades online $0
Online secondary trades $1 per bond (minimum $10, maximum $250)
Broker-assisted trades Online secondary pricing plus $20 commission
New issues (except Treasury auction) Offering price includes a selling concession

Alfa99 may act as principal or agent on any bond transaction. When acting as principal, we will add a markup to any purchase, and subtract a markdown from every sale. The markup or markdown will be included in the price quoted to you and you will not be charged any commission or transaction fee for a principal trade. Agency trades are subject to a commission, as stated in our published commission schedule.

Includes agency bonds, corporate bonds, municipal bonds, brokered CDs, pass-throughs, CMOs, asset-backed securities.

Secondary market trades executed through a Fixed Income Specialist may be subject to a commission.

Futures contract commission
$1.50 per contract, per side + fees (excluding cryptocurrency futures)*

* Commissions for cryptocurrency futures products are $2.50 per contract, per side + fees.

In addition to the $1.50 per contract per side commission, futures customers will be assessed certain fees including applicable futures exchange and National Futures Association (NFA) fees, as well as floor brokerage charges for execution of non-electronically traded futures and futures options contracts. These fees are not established by Alfa99, and will vary by exchange.

No-load, no-transaction-fee funds $0
Transaction fee funds $19.99
Load funds See prospectus for amount of load
Early redemption fee for no-load, no transaction fee for Mutual Funds $49.99

To discourage short-term trading, Alfa99 will charge an Early Redemption Fee of $49.99 on redemptions or exchanges of no-load, no transaction fee funds that are held less than 90 days. Direxion (other than the commodity Trends Strategy Fund DXCTX), ProFunds, Rydex mutual funds and all money market funds will not be subject to the Early Redemption Fee. All fees and expenses as described in the fund's prospectus still apply. Please read the fund's prospectus carefully before investing.

The fund’s prospectus contains its investment objectives, risks, charges, expenses and other important information and should be read and considered carefully before investing.

Base rate effective as of 9/22/20229.45%

Stocks, options, and ETFs

Debit Balance Margin Rate
Less than $10,000 11.95% (2.50% above base rate)
$10,000 to $24,999.99 11.70% (2.25% above base rate)
$25,000 to $49,999.99 11.45% (2.00% above base rate)
$50,000 to $99,999.99 10.95% (1.50% above base rate)
$100,000 to $249,999.99 10.45% (1.00% above base rate)
$250,000 to $499,999.99* 9.95% (0.50% above base rate)

*For balance tiers $500K and above, please call (305) 777-6952 to learn about our latest rate offers.

Margin trading involves risks and is not appropriate for all investors. Rates are subject to change without notice. Rates are set at the discretion of Alfa99 with reference to commercially recognized interest rates, such as the broker call loan rate.

Trading on margin involves risk, including the possible loss of more money than you have deposited. In addition, Alfa99 can force the sale of any securities in your account without contacting you if your equity falls below required levels, and you are not entitled to an extension of time in the event of a margin call.

The base rate is set at Alfa99 discretion with reference to commercially recognized interest rates, such as the broker call loan rate. Base rates are subject to change without prior notice, including without limitation on an intraday basis.

Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the Firm to maintain your position. If the market moves against your positions or margin levels are increased, you may be called upon by the Firm to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds immediately, regardless of the requested due date, your position may be liquidated at a loss by the Firm and you will be liable for any resulting deficit.

Core Portfolios

Professionally managed advisory solution that builds, monitors, and manages a customized portfolio to help reach your financial goals.

Account market value Flat annual advisory fee
$500+ 0.30%

Blend Portfolios

Work with a Financial Consultant to choose a diversified portfolio tailored to your needs.

Account market value (minimum of $25,000) Blended annual advisory fee
First $100,000 0.90%
Next $150,000 0.80%
Next $250,000 0.75%
Next $500,000 0.70%
Next $1,000,000 and more 0.65%

Fixed Income Portfolios

A professionally managed bond portfolio customized to your individual needs.

Account market value (minimum of $250,000) Blended annual advisory fee
Laddered Portfolios
First $1,000,000 0.45%
Next $2,000,000 0.40%
Next $1,000,000 and more 0.35%

The advisory fee is paid monthly in advance based on the managed portfolio’s market value on the last business day of the previous billing month. No further action is required on your part.

As the market value of the managed portfolio reaches a higher breakpoint, as shown in the tables above, the assets within the breakpoint category are charged a lower fee (a blend of the different tiered fee rates listed).