Fees & Commissions
Frankfurt Xetra Fees
Fees for transactions at the Frankfurt Stock Exchange (Xetra) through TRANSAQ-Xetra trading platform
| Fees for transactions with shares, ADR/GDR, ETF, warrants and certificates at Xetra | Fee for executed order |
|---|---|
| Commission plan "Investor" | EUR 4,00 + 0.19% |
| Commission plan "Trader" (over 25 trades per month) | EUR 3,00 + 0.09% |
Commission plan for transactions with bonds: EUR 4,00 + 0.25%. Additional fee for voice and e-mail orders or trading floor orders – EUR 5.00.
Lower commission fees are applicable only to transactions made after the commission plan was switched. Commission plan is switched on client’s request.
Trading platform fees (monthly)
TRANSAQ-Xetra 10 EUR (non-pro user)
TRANSAQ-Xetra 60 EUR (pro)
US Markets fees
Fees for transactions at US Markets (incl. NYSE, NASDAQ) through FinamDirect I-II, WebDirect, ROX® trading platforms
(I). FinamDirect I-II, WebDirect Equities
| Trades per month | Commissions | |
|---|---|---|
| Over | Up to | |
| 1 | 99 | 1.1 cents per share ($6 minimum per trade) |
| 100 | 249 | 1 cents per share ($5 minimum per trade) |
| 250 | 499 | 0.9 cents per share ($4,5 minimum per trade) |
| 500+ | 0.8 cents per share ($4 minimum per trade) | |
Options
$2.5 per contract + $8 per trade
(II). ROX® Equities
| Trades per month | Commissions | |
|---|---|---|
| Over | Up to | |
| 1 | 50 000 | 1.2 cents per share ($2.75 minimum per trade) |
| 50 001 | 300 000 | 1.1 cents per share ($2.75 minimum per trade) |
| 300 001 | 1 000000 | 1.0 cents per share ($2.75 minimum per trade) |
| 1 mln+ | per request | |
Options
$2.15 per contract <= 100 trades per month $1.75 per contract > 100 trades per month
Futures
$2.75 per contract (e-mini) <<= 50 contracts per month $1.75 per contract (e-mini) > 50 contracts per month
(III). ECN and Routing
| Route Name | Route | Exchange | Fee Per Share |
|---|---|---|---|
| OTC and Listed | |||
| MNDG | Penson Managed Route | OTC & Listed | Free |
| ISLD | NASDAQ Market Center | OTC & Listed | 0.0025 (1) |
| ARCA | NYSE ARCA | OTC & Listed | 0.0040 (2) |
| ATD | AutoTrade Desk | OTC & Listed | 0.0020 |
| EDGE | Direct Edge ECN | OTC & Listed | 0.0030 |
| BTRD | Bloomberg ECN | OTC | 0.0050 |
| CITX | City Index | OTC & Listed | 0.0020 |
| BATS | BATS ECN | OTC & Listed | 0.0030 |
| Listed Only | |||
| NYSE / AMEX | Super Dot | Listed – NYSE/AMEX | 0.0030 (3) |
| MLX | Super Dot | Listed – NYSE/AMEX | 0.0030 (3) |
| OTCBB Only | |||
| ARCA | ArcaEdge | OTCBB | 50 Bps |
| ATD | AutoTradeDesk | OTCBB | 5.00 Flat Fee |
| MNDG | Penson Managed Route | OTCBB | Free |
| CITX | City Index | OTCBB | 5.00 Flat Fee |
Pricing does not include any pass-through SEC or NASD trading activity fees.
- All Market Orders are an additional 0.001 per share.
- Odd lot orders (orders under 100 shares) on listed stocks may be charged an extra handling fee charge of 0.026 per share.
- Listed specialist charge an additional Billable Fees of 0.0065 per order (0.009 for MLX) for the following orders:
AMEX Exchange: Any orders over 2,099 shares or shares executed after 2 minutes.
Pricing for ECN and other third party services can be changes by respective third party without prior notice.
NYSE Exchange: Any shares executed after 5 minutes
(IV). Trading platform fees (monthly)
| WebDirect | $0-$3 |
| FinamDirect I | $27 |
| FinamDirect II | $111 |
| ROX® | $59 |
(ROX® is a registered trademark of ROX Systems Inc. ®)
Fees for transactions at US Markets (incl. NYSE, NASDAQ) through Interactive Brokers LLC
Asset management fees:
Annualized Percentage of Net Liquidation Value applied on a daily basis: 20% payment per quarter.
Brokerage fees:
US stocks: 1.1 cent per share, but 6 $ per trade minimum.
European, Asian, South American, Canadian stocks: 0,25% of trade volume, 20$ per trade minimum.
US and European options: $2 per contract
US futures: $2 per contract
