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Fees, Rates & Margin

What are the commissions and fees for trading?

Commissions vary by investment product and trade execution
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IPOs and Secondary Offerings can be purchased commission free.

For a detailed breakdown, please check our Pricing Page here.

What are commission-free trades?

Commission-free trades are motif or single stock trades that carry no commission fees when executed.

In a Motif Impact account, all trades are commission free.

In a Motif trading account, all professional motif and single stock trades are commission-free when you select the option to trade at next market open. All auto-invest and auto-rebalance trades are also commission free.

With an optional Motif BLUE subscription, you get three commission-free real-time trades per month. Unused commission-free trades do not roll over to subsequent months.

How much is Motif Blue?

Get 3 monthly commission-free real-time trades, limitless commission-free next market open trades, and real-time quotes for just $19.95 a month.

What does the platform fee cover?

The platform fee is directly related to the cost charged by our clearing agent for services required to execute transactions. Qualifying accounts with a balance below $10,000 with no commission trades in the previous 3 months will be assessed a quarterly account platform fee of $10.

Please note that this fee only applies to accounts that:
· Have less than $10,000 in combined securities and cash in the account but more than $0
· Have not placed a commission trade in the account within the last 3 months
· Are not paying Motif Blue subscribers
· Is not an Impact account

Are there fees associated with IRAs?

Accounts with less than $10,000 but more than $0 in combined securities and cash, with no commission trades in the last three months, and without a Blue subscription will incur a semi-annual platform fee of $10. We won’t charge fees if you don’t have a balance.

There is also a $95 account termination fee for closing and/or transferring an IRA or Roth IRA.

What are your margin requirements?

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.

What are your margin rates?

Our current margin rates are listed below:

margin balance margin rates
$0-$9,999 9.75%
$10,000-$49,999 9.25%
$50,000-$99,999 8.75%
$100,000-$249,999 8.25%
$250,00-$499,999 7.75%
$500,000+ 7.25%

Is Portfolio Margining available for margin accounts?

No. Motif Investing does not offer portfolio margining at this time.

How much does it cost to build a motif?

It’s free to build any motif you want, with any 30 stocks or ETFs. To trade your built motif, the standard commissions apply – just $9.95 to trade at next market open and $19.95 in real time.

What are regulatory transaction fees?

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 $23.10 for every $1,000,000 in sale proceeds. For a rough calculation of this fee, multiply $0.0000231 times your sale proceeds. Sale Proceeds = $10,000. Current SEC fee rate = $0.0000231 ($23.10 per $1 million in sale proceeds). Total SEC fee = $0.231 ($10,000 x $0.0000231 = $0.231). 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.

Is there a fee for transferring a Motif Investing IRA (ACAT) to another firm?

There is a $95 transfer and closure fee to transfer a Motif Investing IRA to another firm in full. A partial account transfer can be processed with a fee of $65 provided a minimum of $100 remains in the Motif Investing IRA.

What are the commissions and fees to purchase IPO shares?

We do not charge any trading commissions or fees for IPO purchases.