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QuoteStream Desktop
To qualify you must execute 10 or more trades per month or a $20 monthly charge (excluding exchange fees) will apply for months minimums are not met. Free for active traders.
Modifying Orders
Modifying a partially executed order, also known as a cancel/replace, is considered a new order and will incur a separate commission if the modified order is executed.
Commissions & Fees
Stocks (Unlimited Shares)[1]: |
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| Market Orders | $11.95 |
| Limit Orders | $16.95 |
| Pink Sheet & Bulletin Board Orders (Limit Orders Only[2]) | $16.95 |
| Foreign Stocks[3] | $39.00 |
Extended Hours Trading |
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| Up to 5,000 shares | $25.00 |
| Over 5,000 shares | $0.003 per share |
No charge for broker assist. |
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Options: |
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| Equity or Index, Market or Limit[4] | $0.10 per contract, $19.95 min. |
| Option Exercise/Assignment | $19.95 |
Option rates apply to each side of spread orders. Option strategies involve multiple purchases; therefore your transaction costs may be significant for option strategy trades. |
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Broker Assisted Trades |
Additional $10.00 |
Listed Bonds |
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| First 25 Bonds | $5.00 per bond |
| Each Additional Bond | $3.00 per bond |
| Minimum Commission | $39.00 |
Call a fixed income specialist at 1-888-897-8133. |
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Mutual Funds |
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| No-load Mutual Funds | $15.00 |
| Periodic Invest-Withdraw | $5.00 |
| Certificate Processing Fee | $75.00 per cusip, per deposit, plus applicable fees[5] |
| Deposit/Processing Fee for Bulletin Board & Pink Sheet Stocks | $75.00 |
| DRS Statement Withdrawal | $30.00 |
| A DRS statement is sent only when a security is returned to the transfer agent to hold in book entry form. | |
| DTC Fee | $30.00 plus applicable fees |
| DWAC and DRS Process Fee | $30.00 plus transfer agent fees |
| ESOP Trades | $125.00 plus applicable fees[5] |
| Foreign Securities Delivery | $15-200.00 |
| Foreign Securities Transfer | $15-200.00 |
| Request of Certificate for DRS Eligible Issue | $350.00 per certificate withdrawal, plus applicable fees[5] |
| Rush Transfer Request | $575.00 per certificate withdrawal[5] |
| Transfer and Ship Request | $235.00 plus applicable fees[5] |
| Warrant Exercise | $125.00 plus applicable fees[5] |
| ACH Recall/Reversal/Return | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ADR Holding Fee (This fee is charged annually by DTCC) | $0.03 per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bond Redemption | No Fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cancel and Re-bill | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Account Late Payment – Same as Margin Debit Charges, plus: | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Conversion of Bonds/Preferreds | $13.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Copy of Past Confirmation | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Copy of Past Statement | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DRIP | No Fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Estate Valuation | $45.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Index Option Exchange FeesIndex Option Exchange Fees Effective August 15, 2011 Regal will begin passing through index option exchange fees. The additional cost to trade select index options is listed below. These fees will be charged in addition to Regal's standard commission schedule.
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Varies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IRA Maintenance | No Fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IRA Setup | No Fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IRA Termination | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Legal Transfer Out – After 28 Days | $25.00 per security | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-ACAT Eligible Securities – Full | $75.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-ACAT Eligible Securities – Partial | $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-DTCC Eligible Securities | $75.00 plus applicable fees[5] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSCC Illiquid Securities Fee | Varies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Options Regulatory Fee (ORF)
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Options Regulatory Fee (ORF) With an effective trade date of January 3, 2012, the Nasdaq OMX PHLX has updated the ORF from $0.0035 to $0.0040 per option contract. Additionally, the Nasdaq Options Market (NOM) also implemented a fee of $0.0015 per option contract. This new fee was also effective as of trade date January 3, 2012. The new rate for the ORF is the combined amount of fees as follows: Boston Stock Exchange (BOX) - $0.0030 per contract; Chicago Board Options Exchange (CBOE) - $.0045 per contract; International Securities Exchange (ISE) - $0.0035 per contract; NASDAQ Options Market (NOM) $0.0015 per contract; NYSE ARCA - $.0040 per contract; NYSE AMEX - $0.0040 per contract; NASDAQ OMX PHLX (PHLX) - $0.0040 per contract. The combined rate for the ORF will be $0.0245 per contract with no minimum per trade. More information regarding the fees are available from the Exchanges and can be accessed below: NASDAQ Options Market (NOM) Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate website. |
$0.0245 per contract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overnight Check Fee | $20.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overnight Check Fee – International | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overnight Check Fee – Saturday | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reorganization – Less Than 48 Hours | $50.00 per security | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reorganization – Mandatory | No Fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Check | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Right or Warrant Exercise | $13.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEC Transaction Fee
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SEC Transaction Fee - New Rate Effective 01/21/2011 On December 28, 2010, the Section 31 Fee increased the rate applicable to specified securities transactions on the exchanges and in the over-the-counter markets from $16.90 per million dollars to $19.20 per million dollars for fiscal year 2011. Since October 1, 2010, the SEC has been operating under a continuing resolution for fiscal year 2011. The new rate is to take effect on settlement date January 21, 2011. Please refer to the SEC Advisory for more information. How to Calculate: For more information visit the FINRA web site http://www.sec.gov/divisions/marketreg/mrfreqreq.shtml. Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate web site.
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| Short Stock Hard to Borrow Fee
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Short Stock Fee Based on the recent changes to the short stock rules and increased difficulties to borrow stock, our clearing firm, Penson Financial Services will be passing on charges for shorting stock that they must locate outside of their firm. These stocks are typically called hard to borrow securities. The fees can be charged daily and posted to the customer’s account the following business day for settled positions. The formula for the Hard to Borrow fee (HTB) is the rate times the principal value divided by 360 to come up with the daily charge. The principal value of the security is calculated by taking the securities price at the end of the previous trading day then multiplied by 1.02%, the figure is then rounded up to the nearest dollar amount. Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate web site. |
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| Split Units | $14.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tenders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voluntary Per Position | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voluntary Per Position - Less Than 48 Hours | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mandatory | No Fee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trading Activity Fee (TAF)
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Trading Activity Fees (TAF) Trading Activity Fees (TAF) are passed through to customers as part of normal transaction processing. Effective July 1, 2011, the Trading Activity Fee (TAF) rate for sales of covered equity securities will increase from $0.000075 per share for each sale of a covered equity security to $0.000090 per share, with a corresponding increase to the per-transaction cap for covered equity securities from $3.75 to $4.50. The new rate will apply to any sale of a covered equity security subject to the TAF occurring on or after July 1, 2011. The text of the new rule is available in the online FINRA Manual. The FINRA (TAF) for option sales is currently $0.002 per contract and fees for covered debt securities are $0.00075 per bond, with a maximum assessment of $0.75 per trade (based on 1,000 bonds). As an industry transaction standard, FINRA levies a Trading Activity Fee (TAF) on the sale of covered securities pursuant to Section 1 of Schedule A to the FINRA By-Laws. Covered securities include: 1) all exchange registered securities wherever executed (other than bonds, debentures, and other evidence of indebtedness), 2) all other equity securities traded otherwise than on an exchange, 3) all security futures wherever executed, 4) all “TRACE-eligible securities” wherever executed, provided that the transaction also is a “reportable TRACE transaction,” as these terms are defined in Rule 6210; and (5) All municipal securities subject to MSRB reporting requirements. Updates to fees are made on a best efforts basis, however all fees are subject to change without notice. For current information and updates, please refer to the appropriate website. Questions concerning this Notice should be directed to FINRA Finance, at (240) 386-5397; or The Office of General Counsel, at (202) 728-8071. |
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| Stocks & ETF's | $0.00009 per share (max. $4.50 per trade) |
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| Options | $0.002 per contract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Covered Debt Securities | $0.00075 per bond (max. $0.75 per trade) |
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| Transfer Out - Full | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transfer Out - Partial | $25.00 per security | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| International Wire Transfer | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Recalled Wire | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Wire | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Amendment | $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Investigation | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Repair | $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Worthless Security Held | $7.50 per cusip, per month | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Worthless Security Reinstated | $15.00 per cusip, if security has not been destroyed by DTC | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Worthless Stock Liquidation | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Closed Account Maintenance Fee[6] | $50.00 |
[1] Additional fees may apply to orders greater than 2,000 shares directed to the NYSE.
[2] Limit orders only; market orders will not be accepted.
[3] Foreign stock orders must be placed with a broker; there is no additional broker-assistance charge.
[4] Select proprietary index options may incur additional fees. See Index Option Exchange Fees for further details.
[5] Applicable fees include wire fees, rejection fees, and shipping fees, redeposit fees, transfer agent fees, DWAC fees, and agent fees.
[6] Effective June 2011, Regal Discount Securities will implement an Annual Closed Account Maintenance Fee of $50. The fee will be charged only to accounts that have been officially closed, have no trading activity for the previous two-year period, and are currently holding positions and/or balances. Regal reserves the right to liquidate securities to cover the cost of the fee. To avoid this fee, account holders can either remove funds and securities prior to June 1, 2011 or contact our Customer Service Department to reactivate the account. Customer Service may be reached at 1-800-927-3425.
Options involve risk and are not suitable for all investors. Certain requirements must be met to trade options through Regal. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data. Investors should understand these and additional risks before trading. Before considering any option transaction, please read Characteristics and Risks of Standardized Options provided by the Options Clearing Corporation (OCC), available in Adobe Acrobat PDF format. A current copy may also be obtained by calling Regal at 1-800-927-3425 or by mailing your request to Regal Discount Securities, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025. Because of the importance of tax considerations, Regal recommends consulting your tax advisor before contemplating any options transaction. Supporting documentation for any claims, comparison, recommendations, statistics, or other technical data, will be supplied upon request.
Fees & Commissions effective as of January 11, 2012. All fees subject to change without notice.
© Copyright 1998-2012 Regal Discount Securities, a division of Regal Securities, Inc. Member FINRA/SIPC
The information on this web site is for discussion and information purposes only. All accounts accepted at the discretion of Regal which accepts customer orders only on an unsolicited basis, and does not make any recommendations regarding any security or securities product with the possible exception of orders executed by our full service bond desk. Nothing contained herein should be considered as an offer to buy or sell any security or securities product. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.