|Buy Motifs / Sell Motifs / Additional Buys of the Entire Motif You Own / Rebalance Positions in a Motif
Minimum investment amount $250 for these buy/sell orders unless you're placing a "Sell All" order to sell the entire motif you own
|$9.95 per Motif|
|Buy/Sell Individual Stocks/ETFs in Motifs You Own
||$4.95 per Stock/ETF|
You must have at least $2,000 in your margin account before buying stocks on margin. The maintenance margin requires you to have a certain level of equity in the margin account. If the account value falls below the maintenance margin, Motif will issue a margin call and you will have to deposit cash into the account.
|Margin Balance||Margin Rates|
|$0 - $49,999||6.50%|
|$50,000 - $249,999||5.50%|
|$250,000 - 499,999||4.50%|
|Wire Transfers Out||$30|
|Wire Transfers In||No Charge|
|ACAT Transfers Out||$50|
|ACAT Transfers In||No Charge|
|Returned Check or ACH
Also known as NSF or Non-Sufficient Funds in your account
|Stop Payment on Check||$30|
|Check Request by Regular Mail from Your Brokerage Account
You can also request an ACH withdrawal online
|Paper Delivery of Account Statements
Confirmation statements are available by electronic delivery only.
|$5 per Paper Statement|
|Research Statement Copies
Access these documents online for free
Buy and sell securities
Applicable if you participate in the tender offer for a corporate reorganization. No charge for mandatory actions such as mergers or acquisitions. Additional charges could apply based on conditions specific to the action.
Accounts with securities but less than 2 trades during the calendar year
|IRA Account Termination
Closure of an IRA or Roth IRA account
|SEC Fee (Regulatory)
See below for more information
|$22.40 per $1,000,000 in Sale Proceeds|
|TAF (Trading Activity Fee - Regulatory)
See below for more information
|$0.000119 per share
Min. Charge: $0.01
Max. Charge: $5.95
Certain regulators impose transaction fees to cover their costs of regulating the brokerage industry. The fees are passed through to customers as part of normal transaction processing. These fees will appear as a line item called "Estimated Fee" during order entry and will also be listed on your trade confirmations as a "Transaction Fee" or an "Additional Fee."
Below is a list of fees that will apply:
Securities and Exchange Commission (SEC) fee--This fee is levied on all security sales. The current rate is $22.40 for every $1,000,000 in sale proceeds. For a rough calculation of this fee, multiply $0.0000224 times your sale proceeds. Sale Proceeds = $10,000. Current SEC fee rate = $0.0000224 ($22.40 per $1 million in sale proceeds). Total SEC fee = $0.224 ($10,000 x $0.0000224 = $0.224). SEC fee rate is typically adjusted semi-annually. Fee is rounded up to the nearest penny.
Financial Industry Regulatory Authority (FINRA) transaction fee (TAF)--This fee is charged on all covered stock and ETF sales at a rate of $0.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. This fee is rounded up to the nearest penny.