Investments and Brokerage ...........<< back

Commission and Fee Schedule

Equities

Principal Value
Commission Formula
under $4,999
$42 + .0075 of the principal dollar amount
$5,000—$11,999
$55 + .0043 of the principal dollar amount
$12,000—$21,999
$65 + .0032 of the principal dollar amount
$22,000—$49,999
$82 + .0022 of the principal dollar amount
$50,000—$299,999
$125 + .0011 of the principal dollar amount
over $300,000
$180 + .0009 of the principal dollar amount

minimum commission charge:
$45
minimum per share commission charge:
$0.05
maximum per share commission charge:
$0.60 on the first 100 shares
 
$0.50 on 101 shares and above


Options

Principal Value
Commission Formula
under $3,000
$40 + .013 of the principal dollar amount
$3,000—$9,999
$40 + .010 of the principal dollar amount
over $10,000
$40 + .007 of the principal dollar amount

minimum commission charge 1-10 contracts:
$40 + $3 per contract
minimum commission charge over 11 contracts:
$40 + $2.50 per contract
maximum per contract commission charge:
$20 per contract

Bonds
US Government, Municipal, Corporate and Zero Coupon bonds

Auction and agency transactions: $50 per issue.
Secondary transactions: fee charged is a factor of the coupon, size of the order, credit quality, maturity date, other features of each issue, and is included in the price per bond.
Please contact your Registered Representative or our Trading Desk toll-free at 1-800-779-0957 for additional information.

Mutual Funds
No-load funds: $25 transaction fee per security.
Load Mutual funds and Unit Investment Trusts are charged as indicated in the prospectus.

Margin Accounts
Debit Balance
Broker Call Rate plus
over $50,000
0.75%
$30,000—$49,999
1.50%
$10,000 - $29,999
2.00%
under $9,999
2.75%

Required minimum equity is $2,000.00

Miscellaneous Fees
IRA Accounts
Annual Custodian Fee
if account value is less than $49,999
$35
if account value is more than $50,000
$0
IRA, SEP and Roth IRA account termination fee
$75
Wire Fee
$20
Returned Check
$30
Reorganization/Voluntary Tender Fee (per item)
$20
Reorganization/Physical Tender Fee (per item)
$20
Margin/Cash Trade Extension
$20
Foreign Securities Surcharge
$75
Foreign Fixed Income Securities Clearance
$50
Foreign Securities Safekeeping (per item per quarter)
$5
Confirmation Handling Fee
$3
Securities Delivery Charge (per item)
$60
Securities Safekeeping (per item per month)
$2
Foreign Securities Safekeeping (per item per quarter)
$5
Legal Transfers
$60
Dividend Reinvestment (per position & event)
$1
Outgoing Full Account Transfer Fee
$75
Annual Custody Fee1
$50

1Does not apply if 1 trade is executed per year.

The above fees are IronStone Securities fees and do not reflect other standard nominal charges levied by the securities industry. All rates, fees and commissions are subject to change without notice.

INVESTMENTS IN SECURITIES, ANNUITIES AND INSURANCE:
Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value
Brokerage services are offered through Ironstone Securities, Inc. Member FINRA/SIPC