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Prime Broker Take-up Fees


Prime Broker Services - Highlights Learn about Prime Brokerage Services Prime Broker Take-up Fees

 

Prime Brokerage Take-up Fees

Take up fees are charged on a tiered rate and only on trades that are executed at another broker dealer and settled here in your Prime Brokerage account at Place Trade.1 Take up fees are not charged on trades that are executed here and settled elsewhere. Our regular deep discount commissions apply for trades which are executed and settled in your PT Prime Brokerage account. Please call 919-719-7200 for more information.

A minimum daily fee of USD 30 applies for any day there is take-up activity.

 

 

United States  United States - Stocks, Corporate Bonds and Munis          

View Example 

Trade Value (in USD) Fee Minimum 
<=1,000,000 0.05 bps of trade value USD 1.50 per trade 
>1,000,000 0.01 bps of trade value N/A 

United States  United States - Options

 

Product Fee Minimum 
All USD 0.03 per contract + External Clearing Fees + Regulatory Fees2 USD 1.50 per trade 

Canada  Canada - Stocks 

 

Trade Value (in CAD) Fee Minimum 
<=1,000,000 0.05 bps of trade value CAD 1.50 per trade 
>1,000,000 0.01 bps of trade value N/A 


Please Note:
External clearing fees + regulatory fees are approximately USD 0.05/contract.
 

When considering fees please consider the overall low cost of trading, ultra-low margin rates, access to experienced financial consultants and great customer service that you enjoy at Place Trade. We believe that we offer the lowest overall trading cost of any full service broker.  

 

 

 

 

Example:  United States - Stocks, Corporate Bonds and Munis

 

 
 

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1Prime Brokerage accounts that execute trades at other broker dealers for settlement at Place Trade must have a minimum of USD 1,000,000 equity at any given time. Prime Brokerage accounts that execute trades at Place Trade for settlement elsewhere are only required to have a minimum of USD 150,000 equity at any given time. 
 
2 Includes Interactive Brokers Group and predecessor companies.
 As of September 2010.
 
Place Trade Financial, Inc. is a member of FINRASIPC. Our clearing firm, Interactive Brokers LLC, is a member of NYSEFINRASIPC. Supporting documentation for any claims and statistical information will be provided upon request. Any stock, options futures or trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation of any security or securities product. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any security. Interactive Brokers does not provide investment advice. Place Trade does provide investment advice to full service clients. A separate full service commission schedule applies. Please contact your advisor for more information.  
  
Place Trade Financial, Inc. does not provide investment advice to online trading clients/accounts, online institutional accounts or any other individual or account that is not specifically set up as a full service client and on a full service commission and fee schedule. Place Trade Financial, Inc. will only provide investment advice to full service clients that are specifically set up for full service trading and advice. (Full Service clients work with experienced financial consultants and pay full service commissions and fees which are different than online trading commissions and fees.) Place Trade Financial, Inc. does not provide tax advice to online trading clients/accounts, online institutional accounts or any other individual or account at any time.  
 

 

Prime Broker Services - Highlights

Learn about Prime Brokerage Services

Prime Broker Take-up Fees

 

Choose Place Trade for the best in Prime Brokerage Services! Call us at 1-919-719-7200 for more information.

 

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