Stock and ETF Flat Rate vs. Cost Plus Pricing Comparison Examples


Examples Cost Plus Cost Flat Rate Cost
Sell 30,000,000 Island NASDAQ Shares @ $5 Add Liquidity IB First 300,000 Shares: $1,050 $150,000
IB Next 2,700,000 Shares: 5,400
IB Next 17,000,000 Shares: 25,500
IB Next 10,000,000 Shares: 10,000
Island NASDAQ Fee: (63,000)
Clearing Fee: 6,000
Transaction Fee: 2,610
FINRA Fee: 23
NYSE Fee: 7
FINRA Trading Activity Fee 5.95
Total Fees (Rebate): ($12,403.22)
Sell 30,000,000 Island NASDAQ Shares @ $5 Remove Liquidity IB First 300,000 Shares: $1,050 $150,000
IB Next 2,700,000 Shares: 5,400
IB Next 17,000,000 Shares: 25,500
IB Next 10,000,000 Shares: 10,000
Island NASDAQ Fee: 90,000
Clearing Fee: 6,000
Transaction Fee: 2,610
FINRA Fee: 23
NYSE Fee: 7
FINRA Trading Activity Fee 5.95
Total Fees: $140,596.78
Sell 30,000,000 NYSE Shares @ $5 Remove Liquidity IB First 300,000 Shares: $1,050 $150,000
IB Next 2,700,000 Shares: 5,400
IB Next 17,000,000 Shares: 25,500
IB Next 10,000,000 Shares: 10,000
NYSE Fee: 90,000
Clearing Fee: 6,000
Transaction Fee: 2,610
FINRA Fee: 23
NYSE Fee: 7
FINRA Trading Activity Fee 5.95
Total Fees: $125,596.78
Sell 200,000 Island NASDAQ Shares @ $5 Remove Liquidity IB 200,000 Shares: $700 $1,000
Island NASDAQ Fee: 600
Clearing Fee: 40
Transaction Fee: 17.40
FINRA Fee: 0.39
NYSE Fee: 0.12
FINRA Trading Activity Fee 5.95
Total Fees: $1,363.86

Notes:

  • Volume tiers are applied based on monthly cumulative trade volume summed across all stock and ETF shares at the time of the trade. Only shares that are traded while under the Cost Plus pricing structure will count towards the monthly volume. Share volumes for advisor, institutions, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month.