Brokerage Fees
Important Note: 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.
[1] Applicable fees include wire fees, rejection fees, and shipping fees, redeposit fees, transfer agent fees, DWAC fees, and agent fees.
[2] A DRS statement is sent only when a security is returned to the transfer agent to hold in book entry form.
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 1/1/2024. All fees subject to change without notice.
ACH Recall/Reversal/Return | $35.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cancel and Re-bill | $20.00 | CAT Fee Options | $.0035 per contract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CAT Fee Equities Off Exchange | $.000046 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CAT Fee Equities On Exchange | $.000035 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CAT Fee OTC Equities | $.000046 per 100 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certificate Held in Safe Keeping at HTS | $100.00 per year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certificate Processing Fee/Deposit Fee (NYSE, NASDAQ) Pink Sheet and Bulletin Board Stock not accepted |
$75.00 per cusip, per deposit, plus applicable fees [1] |
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Copy of Past Confirmation | $5.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Copy of Past Statement | $5.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DRIP | No Charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DRS Statement Withdrawal | $30.00 [2] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
A DRS statement is sent only when a security is returned to the transfer agent to hold in book entry form. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DTC Non-Transferable Fee | $15.00 per month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DTC Non-Transferable Securities Held | $150.00 annually | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DWAC and DRS Process Fee | $75.00 plus transfer agent fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Holding and Reporting Fee The following definitions will be used to determine if an account will be excluded from the Holding & Reporting Fee. If at least one of the following criteria is met, the account will be exempt from the fee: • 2 billable securities transaction during the calendar period of December 15th – December 14th of the following calendar year • IRAs (and other qualified plans) • Opened less than 12 months • Total account value (exclusive of any margin debit balance) is more than $25,000.00 as of the billing date, which will occur on December 1st each calendar year |
$50.00 annually | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Index Option Exchange Fees Effective January 1, 2024 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.
Index fees are subject to change without notice. |
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Non-ACAT Eligible Securities – Full | $75.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-ACAT Eligible Securities – Partial | $35.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-DTCC Eligible Securities | $100.00 plus pass thru fees[1] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NSCC Illiquid Securities Fee | Varies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NSCC VAR Charges NSCC (National Securities Clearing Corp.) VAR (Value at Risk) Charges result when a larger position is held overnight in an equity that NSCC deems to be “volatile”. The NSCC list includes stocks that have volatile price action and may change daily. The fee may be up to the dollar amount of the position held overnight charged at an interest rate of 10.50%. This fee is applied to customer accounts on a monthly basis. |
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OCC Fees | $0.025 per contract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Options Regulatory Fee (ORF) Breakdowns of each rate for the individual exchanges are as follows: Exchange Rate
Total: $0.01535 The combined rate for the ORF will be $0.01535 per contract with no minimum per trade. 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. |
$0.01535 per contract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Physical Certificate Held at DTC Delivery Fee | $100.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Physical Certificate Held at Hilltop Securities in Street Name or Client Name |
$150.00 per year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Professional User means a subscriber who: (a) uses the Information for more than personal investment purposes; |
$125.00 per month | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reg T Extension | $20.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reorganization – Mandatory | $20.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reorganization – Voluntary | $50.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement Accounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Simple IRAs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Simple IRA 5304 Annual Fee | $45.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Simple IRA 5305 Annual Fee | $100.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Simple IRA Setup Fee | $100.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Traditional, Roth, Rollover, SEP IRAs & Coverdell ESAs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IRA Annual Fee | $15.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IRA Setup Fee | No Charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IRA Termination Fee | $50.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit Sharing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Profit Sharing | $100.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Returned Check | $40.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Right or Warrant Exercise – Voluntary | $50.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Right or Warrant Exercise – Mandatory | No Charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SEC TRANSACTION FEE – NEW RATE EFFECTIVE 5/22/2024 Effective May 22, 2024, the Section 31 fee rate applicable to specified securities transactions on the exchanges and in the over-the-counter markets will increase from its current rate of $8.00 per million dollars in transactions to a new rate of $27.80 per million dollars in transactions. For more information on the term “charge date,” please refer to Rule 31(a)(3) and Exchange Act Release No. 49928 http://www.sec.gov/rules/final/34-49928.htm. How to Calculate: Multiply the sale/principal amount of the transaction by the fee rate. Truncate at the seventh place after the decimal point. Truncate the resulting figure at the fifth place after the decimal point and round up to the nearest cent (Always round up if there is a remainder). 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 Short Stock Fee Based on the recent changes to the short stock rules and increased difficulties to borrow stock, our clearing firm, Hilltop Securities, Inc. 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 (102%), 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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Statements & Confirms | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Electronic Statements | Free | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Electronic Confirms | Free | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paper Statements | Free | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paper Confirmations | $1.00 per trade | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tenders |
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Voluntary Per Position | $50.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mandatory | No Fee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading Activity Fees (TAF) Trading Activity Fees (TAF) are passed through to customers as part of normal transaction processing. Effective January 1, 2024, the Trading Activity Fee (TAF) rate for sales of covered equity securities will increase from $0.000145 per share for each sale of a covered equity security to $0.000166 per share, with a corresponding increase to the per-transaction cap for covered equity securities from $7.27 to $8.30. The new rate will apply to any sale of a covered equity security subject to the TAF occurring on or after January 1, 2024. The FINRA (TAF) for option sales is currently $0.00244 per contract will increase to $0.00279 per contract and fees for covered debt securities are $0.00092 per bond will increase to $0.00105 per bond, with a maximum assessment of $0.92 per trade will increase to $1.05 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. The text of the rule is available in the online FINRA Manual. 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. |
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Stocks & ETF's | $0.000166 per share (max. $8.30 per trade) |
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Options | $0.00279 per contract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Covered Debt Securities | $0.00105 per bond (max. $1.05 per trade) |
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Transfer and Ship Request | $550.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfer Out - Full | $60.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfer Out - Partial | $50.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wire Transfers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wire Transfer | $35.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recalled or Returned Wire | $50.00 |