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Pricing > International Trading - North American Options Commissions
Best Options Trading Brokers and Platforms - Lowest Cost for Option's TradersAsia-Pacific Europe North America
North American Option Commission & Pricing Information
Canada Mexico United States
No "Base" or "Base Plus Commission" Fee Structure to trick you! We do not charge a "Base Fee" or use a "Base Plus Commission" fee structure! Our highest option commission prices start at USD 0.75 per contract and are even lower for higher volume traders! Although we show our minimum commission per transaction of USD 1.50 for transparency, it is simply a minimum commission and NOT in addition to the cost per contract! Many other firms charge a base fee and a per contract fee. That's not how we roll! Click here for more info. You may notice that some firms actually only show the "per contract fee" in a side by side comparison with the base fee noted separately. In these cases, these firms may appear as if their total cost is the same or lower than at Place Trade when making comparisons. You may also notice that these do not discuss Net Best Execution or Credits/Rebates available on executed orders. Don't get tricked by what looks like a lower commission only to potentially end up paying more for your entire trade! The only extra thing that you may see is the pass-through of any exchange fees or rebates and sell side regulatory transaction fees. We believe in transparency, not trickery!
What is the benefit of unbundling option commissions? Our option commissions are unbundled which means that we offer true transparency in pricing! We are not nickel and diming you; we are doing our best to break down the pricing and offer you the lowest overall cost possible. We charge the commission rates listed below and we also pass through any exchange, regulatory and/or transaction fees associated with your transaction (also listed below).1 In addition to offering transparency in pricing and volume discounts, our clients have the opportunity to participate when credits/rebates are available (for adding liquidity to the market).
How Much do you charge to trade options? What are your option rates? How much does it cost to trade options? What is your base fee? What is your per contract fee? Price to trade options? Price per contract?United States - Option Commissions
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| Commissions | Minimum Per Order* | ||
|---|---|---|---|
| All Premiums | USD 0.75 per contract | USD 1.50 | |
| Example ↓
1 Contract @ USD 2 Premium = USD 1.50 (Due to Minimum) 2 Contracts @ USD 5 Premium = USD 1.50 (Due to Minimum) 3 Contracts @ USD 5 Premium = USD 2.25 |
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United States - Smart Routed: 10,001 - 50,000 Monthly Contracts 5
| Commissions | Minimum Per Order | ||
|---|---|---|---|
| All Premiums | USD 0.60 per contract | USD 1.50 | |
| Example ↓
1 Contract @ USD 2 Premium = USD 1.50 (Due to Minimum) 2 Contracts @ USD 4 Premium = USD 1.50 (Due to Minimum) 3 Contracts @ USD 3 Premium = USD 1.80 |
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United States - Smart Routed: 50,001 - 100,000 Monthly Contracts 5
| Commissions | Minimum Per Order | ||
|---|---|---|---|
| All Premiums | USD 0.30 per contract | USD 1.50 | |
| Example ↓
1 Contract @ USD 2 Premium = USD 1.50 (Due to Minimum) 2 Contracts @ USD 5 Premium = USD 1.50 (Due to Minimum) 3 Contracts @ USD 0.03 Premium = USD 1.50 (Due to Minimum) 5 Contracts @ USD 0.03 Premium = USD 1.50 10 Contracts @ USD 0.03 Premium = USD 3.00 |
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United States - Smart Routed: > 100,000 Monthly Contracts 5
| Commissions | Minimum Per Order | ||
|---|---|---|---|
| All Premiums | USD 0.15 per contract | USD 1.50 | |
| Example ↓
1 Contract @ USD 2 Premium = USD 1.50 (Due to Minimum) 2 Contracts @ USD 5 Premium = USD 1.50 (Due to Minimum) 3 Contracts @ USD 0.05 Premium = USD 1.50 (Due to Minimum) 5 Contracts @ USD 0.03 Premium = USD 1.50 (Due to Minimum) 10 Contracts @ USD 3 Premium = USD 1.50 100 Contracts @ USD 3 Premium = USD 15.00 |
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United States - Directed Orders
United States - Direct Routed: (Any number of contracts per month)
| Commissions | Minimum Per Order | ||
|---|---|---|---|
| All Premiums | USD 1.25 per contract | USD 1.50 | |
| Example ↓
1 Contract @ USD 2 Premium = USD 1.50 (Due to Minimum) 2 Contracts @ USD 5 Premium = USD 2.50 3 Contracts @ USD 0.05 Premium = USD 3.75 |
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United States - Click to View Exchange Fees
*We do not charge a "Base Fee" or use a "Base Plus Commission" Fee Structure.
What does the "minimum" mean to me?It simply means that all orders must meet the minimum amount of USD 1.50. For Example:
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Commission for 1 contract = USD 0.75 However, since the commission is below the minimum, the commission would actually be USD 1.50 - NOT USD 2.25. Please review the table below for more options' pricing examples.
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| Example US Option Commissions with No Base Fee:
This example assumes that you are trading (buying or selling) United States Options with a premium of USD 0.50, that you trade between 1 - 10,000 Monthly Contracts and that your order is Smart Routed (not directed to a specific exchange). Transaction and Exchange Fees are additional. These fees (as well as rebates) are passed directly back to you. Commissions, fees, and rebates may be included together in your trade confirms under commissions.
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| *Including Minimum per Order. Excluding exchange fees, rebates or regulatory transaction fees. Assumes client trades less than 10,001 Contracts per Month.Exchange, Regulatory Transaction Fees are not included in commissions displayed. Additionally, credits are not included in commissions displayed. When charged, Exchange and sell side Regulatory Transaction Fees will increase your total cost. When received, credits will reduce your overall cost! (Instead of using credits to pad our bottom line, we actually pass available credits on to you!) |
United States - Exchange, Regulatory & Transaction Fees
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| AMEX | ISE | ||
| BATS | MIAX | ||
| BOX | NASDAQOM | ||
| C2 | NASDAQ OMX BX Options Exchange | ||
| CBOE | NYSE Arca (PSE) | ||
| GEMINI | PHLX | ||
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| Regulatory Fees Included in Total Commissions | ||
| Options Regulatory Fee ("ORF") 2, 3 | USD 0.0415 per contract | |
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| Transaction Fees Included in Total Commissions | ||
| Transaction Fees 4 | USD 0.0000231* Value of Aggregate Sales | |
| FINRA Trading Activity Fee | USD 0.002 * Quantity Sold | |
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| Tier | Fee | |
| Trades of 1 to 1,100 contracts | USD 0.05 per contract | |
| Trades of > 1,1000 contracts | USD 55.00 per trade | |
The Options Regulatory Fee ("ORF") is charged by the following exchanges:
AMEX, BATS, BOX, CBOE, CBOE2, ISE, GEMINI, MIAX, NOM, NASDAQBX, PCX, PHLX.
Canada - Option Commissions
Canada: <=10,000 Monthly Contracts 5
| Commissions | Minimum Per Order | ||
|---|---|---|---|
| All Premiums | CAD 1.50 per contract | CAD 1.50 | |
Canada: 10,001 - 50,000 Monthly Contracts 5
| Commissions | Minimum Per Order | ||
|---|---|---|---|
| All Premiums | CAD 1.15 per contract | CAD 1.50 | |
Canada: 50,001 - 100,000 Monthly Contracts 5
| Commissions | Minimum Per Order | ||
|---|---|---|---|
| All Premiums | CAD 1.05 per contract | CAD 1.50 | |
Canada: > 100,000 Monthly Contracts 5
Mexico - Option Commissions
Mexico
| Commissions | Minimum Per Order | ||
|---|---|---|---|
| AMXL | MXN 25 per contract | MXN 25 | |
| NAFTRAC | MXN 20 per contract | MXN 20 | |
| QQQQ | MXN 30 per contract | MXN 30 | |
| All Others | MXN 40 per contract | MXN 40 | |
| Example ↓
1 AMXL Contract = MXN 25 1 NAFTRAC Contract = MXN 20 1 QQQQ Contract = MXN 30 |
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Fine Print
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Please Note:
If for example, you execute 12,000 US contracts in a month, your execution costs would be: 10,000 contracts at USD 0.75 2,000 contracts at USD 0.60
For example, if an order for 200 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders.
1PT's Tiered commission models for options include a pass through of exchange, regulatory and transaction fees charged by the associated exchanges, regulatory bodies and our clearing firm. PT does not participate in these fees or rebates however our clearing firm may receive a portion of these fees. Costs passed on to clients in PT’s Tiered commission schedule may be greater than the costs paid by our clearing firm to the relevant exchange, regulator, clearinghouse or third party. For example, our clearing firm may receive volume discounts that are not passed on to Place Trade or our clients. Likewise, rebates passed on to clients by PT may be less than the rebates that our clearing firm receives from the relevant market. For example, our clearing firm may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not directly pass these enhancements to clients. Likewise our clearing firm does not pass to clients all of the rebates they may receive for liquidity taking orders, complex orders or orders executed in price improvement auctions. Traditional exchange payment for order flow programs result in payments to specialists or primary market makers, some portion of which may be paid on to our clearing firm. Our clearing firm does not pass these payments directly to clients. Place Trade does not receive any portion of these fees and passes the fees as well as the available rebates/credits directly on to you. 2The Options Regulatory Fee ("ORF") is charged by the following exchanges: AMEX, BATS, BOX, CBOE, CBOE2, ISE, GEMINI, MIAX, NASDAQBX, NOM, PCX, PHLX. 3Fee applies to executions which clear in the "Customer" account with OCC. This will generally include Public Customer and Professional Customer transactions. 4Transaction fees are only charged for sell orders. 5Volumes on both US and Canadian markets contribute to sliding scale. *Stocks directed to foreign markets may incur additional fees charged by the markets themselves. *If our minimum commission per order is less than that of our clearing firm (Interactive Brokers), then you will be charged our clearing firm's price.
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