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Minimize your Trading Costs with Place Trade®

 

Minimize Investment Trading Costs

*Stock Minimum $1.50, Stock Commissions are "All-in" for Smart Routed orders.

*Options Minimum $1.50, No Base Fee, Simple $0.75 Per Contract (Exchange fees are passed through directly to you with no mark-up or payment to Place Trade®.)


 

 

 

Deep Discount Commissions

Smart Traders enjoy some of the lowest commissions of any full service or online broker. View online trading commissions on all products, including stocks, ETFs and warrants, options, bonds, mutual funds and CFDs around the world.

View International Online Trading Commissions:

Asia Pacific

Europe

North America

US Online Trading

 

 

Seriously Low Margin Rates

Who cares if you save a couple of bucks on a stock's commission when you end up paying thousands of dollars more to hold it on margin? Whether you are looking for the lowest margin rates on your full service or online trading investment accounts, you will find that Place Trade offers significantly lower margin rates than lead competitors! In fact, we offer some of the lowest margin rates of any national brokerage firm.

View Current Margin Rates:

USD Balances

All Available Currencies

 

 

Interest & Financing

Defines benchmarks used to calculate interest rates, and displays interest paid and interest charged calculations for all currencies. Includes calculations for many sample situations based on the data you see on your statements.

 

Research, News & Market Data

We offer access to a wide variety of data but we do NOT require that you purchase (subscribe) to any data in order to trade with us! Should you choose to subscribe, this section outlines the market data fee structure for both professional and non-professional subscribers for global market data, as well as Reuters Fundamentals and News Feeds.

 

 

Other Potential Fees

This section includes fees that fall outside commissions, interest and market data are listed here. Includes fees charged for order cancels/modifies, trade busts and adjustments, prime broker take-ups, deposits and withdrawals (including free monthly wires), exercise and assignments, American Depository Receipts (ADRs) and fees for bounced checks, stop payments etc.

 

IRA & Retirement Accounts

Depending on the type of IRA account that you have and where it is held, you may incur IRA fees. Place Trade passes these fees on to our clients without any additional markup. In addition, individual investments that are held inside of an IRA account may include their own fees and commissions will apply.

 

Required Minimums

Defines required balance, activity and commission minimums for retail and Introducing Broker accounts, and for customers using a dedicated line FIX connection.

 

 

Best Execution - Verified!

Although "Best Execution" is not a fee, we include it here because getting a better fill reduces your overall trading costs and obviously improves your overall investment returns. Learn what others won't tell you and why sometimes what may look cheaper somewhere else may cost you more in the long run... just because you cannot see something - it does not mean that it is not there eating away at your bottom line!

 

Compare Our Rates vs. Other National Firms

Learn why Place Trade has been ranked as one of the lowest cost online trading firms by internationally recognized independent sources. Flat rates are not always cheaper - especially when you realize what is lying behind the sparkling stuff. Your overall trading costs are detrimental to your bottom line. Enjoy Huge Savings & Learn Why Experienced Traders Choose Place Trade!

 

 

Advisor Fees

Advisors charge their clients for services rendered either through automatic billing, electronic invoice or direct billing. This page describes the available billing methods including caps and limitations.

 

 

Full Service Financial Advice & Investment Planning

Full service financial advice is available to all clients however the fee schedule is higher and fees will depend on the level of service that you are searching for to help you meet your investment goals. Speak with an experienced financial professional today for more information by calling 1-800-50-PLACE or 919-719-7200.

 

No Platform Fees

 

No Account Transfer Fees (ACATs)

 

No Corporate Action Fees

 

No "Base Plus" Commissions or other tricky stuff!

 

No Fees to Wire Funds once per month! (First Wire is Free - if you actually do more than one it is still super cheap after that!!!)

 

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Why do the Smartest Traders choose Place Trade?

 

Consistently proven Best Execution is just one more reason! We search for the best firm stock, option and combination prices available at the time of your order. In addition, we seek to execute your order immediately (electronically). We do not imply that you get best execution because we offer lightning fast executions ~ we do our best to actually give you the best executions ~ lightning fast! Here are just a few more reasons to switch your account to Place Trade today:

1) Barron's Best Online Brokers - Awarded 4.5 Stars

2) Low Cost Trading & Investing

3) Superior State of the Art Technology

4) Best ExecutionVerified Price Improvement - View Execution Price Comparison (below)

5) Easy Access to Experienced Financial Consultants for Full Service Advice When you need it, technology when you don't!

6) Global Offerings - Trade in over 100 Market Centers / Exchanges, 19+ countries around the globe, 14+ languages and 9+ currencies all from one account!

Learn about what others are conveniently Leaving Out

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Execution Price Comparison*

 

 

Our Clients Benefit from the IB SmartRouting Advantage - Delivering Best Price Execution for Eight Straight Years*

 

Net Dollar Price Improvement vs. National Best Bid/Offer2 Significantly better than the industry average! Independent Third Party Verification

 


 

Execution Price Comparison**
 

Place Trade®

Industry

PT Advantage

US Stocks

(per 100 shares)

$0.58 $0.44 $0.14

US Options

(per contract)

$0.80 $0.63 $0.17

European Stocks3

(per 100 shares)

€0.29 €-1.10 €1.39
     
 

The Smartest Traders know the difference between being told that they are getting lightning fast executions and actually getting the best execution. Verified!

 
 

 

Using IB SmartRoutingSM technology we;

 

  • search for the best firm stock, option, and combination prices available at the time of your order,

 

  • seek to immediately execute your order electronically and

 

  • we have independent third party verification to back up the stats - No fluff, just the facts!
 

 

SmartRouting searches for the best firm stock, option, and combination prices available at the time of your order and seeks to immediately execute your order electronically for best execution.

 

*Our clients benefit from the same best executionslearing firm'a executions have outperformed the industry as a whole for Eight Straight Years - 2007 through 2014 - based on independent measurements by the Transaction Auditing Group, Inc., (TAG), a third-party provider of transaction analysis.

**The statistics speak for themselves. Based on independent measurements, the Transaction Auditing Group, Inc., (TAG), a third-party provider of transaction analysis, has determined that our clearing firm's US stock and options price executions and European stock1 price executions continued to be significantly better than the industry2 during the second half of 2014. Through our clearing arrangement our clients benefit from the same verified best execution!

 

 

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Barron’s Best Online Brokers ~ 4.5 Stars

Barron’s awarded Place Trade with an overall 4.5 Star rating in the Barron's Best Online Brokers annual review!

Criteria included Trading Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Report, Customer Service & Education, and Costs. Cut the Cord - March 15, 2014. Barron's is a registered trademark of Dow Jones & Company, Inc.

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

In addition to extremely low commissions and margin rates Place Trade clients receive the benefit of proven price improvement via IB SmartRoutingSM verified by The Transaction Auditing Group, Inc. (TAG).

Broker-assisted and Full Service Orders start at only $15. Contact an advisor at 1-800-50-PLACE for our full service commission rates.

 

 

Fine Print:

[1] Rates were obtained on March 3, 2014 from each firm's website. Some of the firms listed may have additional fees and some firms may reduce or waive commissions or fees, depending on account activity or total account value. Supporting documentation for any claims and statistical information will be provided upon request.

[2] Place Trade calculates the interest charged on margin loans using the applicable rates for each interest rate tier listed on its website. For additional information on margin loan rates, see index.php/why-place-trade/reasons-to-choose-pt/low-cost/very-low-margin-rates.

[3] For additional information regarding Best Execution please see index.php/low-cost-trading-investing/verified-best-execution and review the following information courtesy of our clearing firm (Interactive Brokers [IB]).

Net $ Improvement per Share Definition

((# of Price Improved Shares * Price Improvement Amount) - (# of Price Disimproved Shares * Price Disimprovement Amount))
Total Number of Executed Shares

The TAG analysis for US stocks included all market orders of 100 shares or more up to 10,000 shares. The analysis for US options included all market order sizes in US options and includes exchange rebates received by customers under our cost-plus pricing structure. The TAG analysis of orders routed to exchanges in Europe included all orders routed for execution during regular trading hours including all market and marketable limit orders and orders near the market (orders having a limit price within one-tenth of a Euro from the quote price at time of order receipt) on stocks listed on the included exchanges, weighted by the volume executed on each exchange. The exchanges for European stocks are XETRA, EURONEXT, CHI-X, WIENER BORSE, TURQUOISE, LONDON and NASDAQ OMX.

Source: The Transaction Auditing Group (TAG). Industry as a whole for the referenced periods according to TAG.

About TAG
Since 1996, TAG has been the leader in independent Best Execution analysis throughout the US and now, Europe. Its products offer comprehensive assessment of execution quality for equities and options, utilizing massive real time market data and archival capabilities with proprietary measurement tools to create standardized and custom reports. TAG provides business intelligence to gain market share, differentiate from competitors, and validate performance.

For more information visit www.tagaudit.com. The Transaction Auditing Group, Inc. (TAG), an independent company, is not affiliated with Place Trade Financial or our clearing firm (Interactive Brokers). The statistics provided by TAG are from sources believed to be reliable, but TAG makes no representation as to the completeness or fitness for any particular purpose. Information produced by TAG is copyrighted and any unauthorized use, duplication, redistribution or disclosure is prohibited.

Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.

Place Trade Financial, Inc. is a member of FINRA, SIPC.

 


 

Please check out our Margin Trading page, or view our rates for online Bond and Options trading.

1-800-50-PLACE (1-800-507-5223) or 1-919-719-7200

 

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

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