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Deep Discount Commissions for Online Trading - USA                         

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Transparent Commissions - USA
  

 

Look, over here... Shiney!

Does this sound familiar? Smart traders don't let BS or fairy tales get in the way of their investments. They demand transparent pricing and a broker that acts in their best interest! 

Place Trade offers all-in/fixed rate pricing for stocks, ETFs and warrants. For these securities, we charge a fixed amount per share or a set percent of trade value. This includes all PT commissions, exchange and most regulatory fees with the exception of the transaction fees, which are passed through on all stock sales. Please view the fine print and special notes below for more information.

Option pricing is not "all-in." Option commissions exclude exchange fees and credits (rebates) which we pass through to you directly. This way you actually get the available rebates and lower your overall trading cost! 

 

Why don't you offer free or flat-rate pricing on stock trades?

There is no such thing as a free lunch! When other brokers say that they are offering cheap flat rate or even free commissions, you can bet that they are making money somewhere or else they would not be able to keep the lights on! Whether they are receiving payment for order flow, taking a markup, a piece of the spread, routing in their own best interest instead of yours, keeping rebates for themselves, charging higher margin rates or benefitting from any number of other less noticeable fees, you can bet that they are most likely in business to make money. As long as you do not understand your total overall investment cost including potential grey area costs that may allow firms to offer "free," "no commission" or flat rate pricing then you can be lured in with the feeling that you are getting a better deal than you would if you were able to see your true overall cost on a per share basis. Smart traders choose Place Trade for its great executions, transparent pricing, excellent service and overall low cost without getting caught up by the shiny hooks.

  
 

Stocks, ETFs & Warrants

Options

Bonds

Mutual Funds

  

International Markets - Stocks
USD 0.01 per share ALL-IN*

USD 0.75 per contract* As low as USD 0.15/contract

Bonds >

Please click for details

Under USD 10,000 =

0.15% of face value (15bps)

 USD 19.95**     

 

Asia-Pacific

     
  NO "Base Plus" Commission Per Contract structure like many other firms charge! 

 

Over USD 10,000 =  

0.0375% of face value (3.75bps)

 

      
Fine Print:          

 

Minimum USD 1.50 (Includes Exchange Fees)

Minimum Commission: USD 1.50 (Plus/Minus Exchange Fees/Credits (Rebates))

Example:

Contracts:   Commission*   Total Commission*  
  1   USD 0.75   USD 1.50*  
  2   USD 1.50   USD 1.50  
  3   USD 2.25   USD 2.25  
  5   USD 3.75   USD 3.75  
  10   USD 7.50   USD 7.50  
  50   USD 37.50   USD 37.50  
  100   USD 75.00   USD 75.00  

*Minimum Commission: USD 1.50. Commissions as low as USD 0.15 per contract. Commission Excludes Fees & Rebates

 

Minimum USD 5.00

 

*Some funds charge additional fees

  

Europe

         
  • Charges a fixed rate low commission per share or a set percent of trade value.
 
  • Includes all exchange and regulatory fees.
 
  • For US stocks, ETFs and warrants, the transaction fees are passed through on all stock sales.
 
  • "All-in" applies to Smart Routed stock commissions only. "All-in" does not apply to directed stock orders or other securities which may incur exchange fees. Exchange fees are passed through directly to you with no mark-up or payment to Place Trade®.

Any Exchange Fee or Credit (Rebate) will be passed on to you. Place Trade® does not take any part of the spread! If there is a credit/rebate available we pass it on to you so that your overall trading cost will be less. What does your current broker do with that spread? 

Please note: there is NO "Base + Commission Per Contract structure like many other firms charge and many affiliate marketing/click bait sites posing as legitimate brokerage review sites report!"

      

North America & Mexico 

  

 

Special Notes:

  
 

 

  • Commissions apply to all order types.
  • All exchange fees are included.
  • For customers who send an extraordinary number of non-marketable limit orders to the NYSE, and who route such orders direct to NYSE, rather than using Smart routing, PT reserves the right to impose a surcharge in order to defray specialist order handling charges. In this event, PT will provide notice to affected customers.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  1. Plus the applicable exchange, ECN and/or specialist fees based on execution venue. 
  2. For orders that are immediately executed against an existing bid or offer on the exchange's order book, an exchange liquidity removing fee will be added. See the Tiered North America section for details of the exchange fees. 
  3. This charge does not apply to relative, pegged to market and pegged to midpoint orders. 
  4. Directed orders to IBKRATS/IBDARK that are marketable will generally be rejected. 
  5. Transaction fees are only charged for sell orders. 
  6. Includes NMS, OTCBB, and Pink Sheet Stocks. 
  7. In the event the calculated maximum per order is less than the minimum per order, the minimum per order will be assessed.

  
     

 

Get More Important Information about Stocks

Why Commission Charges on U.S. Options may Appear to Vary?

(Click on a security heading above or scroll down for more details) 

 ("All-in" applies to Smart Routed stock commissions only. "All-in" does not apply to directed stock orders or other securities which may incur exchange fees. Exchange fees are passed through directly to you with no mark-up or payment to Place Trade®.)

 

Get More Important Information about Stocks

 
 
 
 
 

International/Global Markets - Stock Commissions

 

Stock Commissions - Asia-Pacific Markets    Stock Commissions - European Markets    Stock Commissions - North American Markets

Learn more about International trading on over 100 market centers/exchanges in 19+ countries around the globe in your choice of languages and currencies.

 

 

Award winning trading platforms are available in 12+ languages

English • Česky • 日本語 • 简体中文 • 繁體文 •Deutsch • Español • Français • Italiano • Nederlands •Pyсский • Slovenčina 

(The links above take you to the Place Trade WebTrader Login Page. Our award winning Place Trader Workstation (TWS) is available in multiple languages as well.)

 

 

Please Note:

If you direct your securities orders to specific exchanges and then those exchanges happen to charge additional fees then we will pass them on to you. (We don't see this very often, however, we want to make sure that you know about it.)  

 (Exchange fees on options trades are passed through directly to you with no mark-up or payment to Place Trade®.)

 

 

 More Important Information about Stocks

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Please Note: It's important to note that you must upgrade your trading permissions to include Fixed Income and subscribe to US Bond Data before you will be able to trade any bond instruments, and subscribe to Moody's Ratings to trade municipal bonds. 

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 No Load Funds   $19.95 per transaction
 

 

  

Looking for help choosing the mutual fund that is right for you? Let our experienced mutual fund specialists help - Call 1-800-50-PLACE OR 1-919-719-7200 today.

 

 

*IPOs for Closed End Funds may charge additional fees.

**Mutual Fund companies set their own fees. Place Trade does not have discretion over what or if a fund company charges a fee nor are we able to discount their rates.

 

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More Important Information about Stocks

  

Verified Price Improvement 

In addition to extremely low commissions and margin rates, Place Trade clients receive the benefit of Verified Price Improvement via Smart Routing technology.  Verified Price Improvements and Best Executions often make Place Trade client's overall costs lower than other firm's "flat rate" or so-called "free" commissions regardless of the number of shares traded.
 

 Why should I pay a commission per share when I can buy all the shares I want for a flat rate at my other broker?

 

Please Note:

If you direct your securities orders to a specific exchange and then those exchanges happen to charge additional fees then we will pass them on to you. (We don't see this very often, however, we want to make sure that you know about it.)  

"All-in" applies to Smart Routed stock commissions only. "All-in" does not apply to directed stock orders or other securities which may incur exchange fees.  

Any exchange fees are passed through directly to you with no mark-up or payment to Place Trade®.

 

 

 

 

Click Here to see other Fees.

 

 

 

 

Low margin loan rates

Save even more on your trading costs with our extremely low margin rates! Please visit our Margin Rates section for additional information.

 

 

Is there a minimum amount required to open an account?

US Domestic Accounts: NO

International Accounts: NO

 

 

How can I fund my account?

Visit our Fund Your Account page for more information. 

For additional information please visit our FAQ page or call us at 1-800-50-PLACE today!

 

 

 

*Directed Orders may incur exchange fees charged by the specific exchanges that you direct your order to. If that exchange charges a fee to transact your directed order we will pass that fee on to you.

**Please note that some Mutual Fund companies will allow investors to invest smaller amounts under certain circumstances. Please call 1-919-719-7200 today.

 

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Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts

 

 

 

All investing involves risk, including the possible loss of principal and there can be no assurance that any investment strategy will be successful.