Per-share pricing.
Institutional plumbing.
One transparent schedule. Rates fall as your volume grows. You keep control of the route, and you get paid the rebate when you add liquidity.
§ 01 · Commissions
Tiered per-share pricing.
The more you trade, the less you pay per share. No hidden minimums above the ticket floor, no payment-for-order-flow markup on the spread.
Already trading elsewhere? Send us a recent statement and we'll match or beat your rate.
§ 02 · Routing & Rebates
You pick the venue. You keep the rebate.
Direct market access to every US equities venue that matters. Add liquidity on a rebating book, and the rebate lands in your account — not ours.
§ 03 · Platforms
Free with commission volume.
All three platforms hit the same execution stack. Pick the one that fits how you actually trade.
Browser
ActiveWeb
Swing / part-time
Free with
$250 / month in commissions
Or
$25 / month
Or
—
Desktop
DAS Trader Pro
Active day traders
Free with
$1,000 / month in commissions
Or
$150 / month
Or
—
iOS / Android
Mobile
On-the-go
Free with
Included
§ 04 · Account & Pass-Through Fees
Every fee. On one page.
Margin Call Fee
$25
Per event
Outgoing Transfer
$60
Full or partial ACAT
Inactivity Fee
$20
Quarterly, under 15 trades
Trade Desk Fee
$25
Per assisted liquidation
- Hard-to-borrow short locate fees are passed through at cost.
- Overnight short fee — 0.25% minimum on short positions held overnight (based on market closing price).
- Overnight margin financing — 7.5% APR on positions held past session close.
- ECN rebates on qualifying add liquidity are paid back to the account.
§ 05 · Exchange Data
Real-time market data.
"Non-Pro" applies to individual traders using data solely for personal investment. Everyone else — including entities, LLCs, and funded-trader programs — is billed at the Pro rate. Fees are set by the exchanges, not marked up.
Fees are not prorated. Rates subject to change per exchange schedule.
§ 06 · Margin
Leverage & liquidation rules.
Intraday Leverage
6:1
Overnight Leverage
2:1
Overnight Rate
7.5%
Rules
- Leverage is only extended on accounts with equity above $2,000.
- Accounts below $100 in equity are liquidated in full and deactivated.
- Stocks under $2.50 carry a $2.50-per-share equity requirement (e.g. shorting 1,000 shares at $1.00 requires $2,500 equity).
- 6:1 intraday margin applies to Nasdaq / NYSE / AMEX stocks above $3.00.
- Volatile-list names and certain hard-to-borrow tickers may not be marginable at 6:1.
- Short positions are subject to buy-in at the discretion of the Risk desk and Clearing Firm.
- Accounts must be flat to 2:1 or lower by 3:45 PM ET.
- Options and OTC / Pink Sheet symbols cannot be traded on margin.
Liquidation Triggers
The account, or portions of it, may be liquidated and charged a $50 fee ($25 trade desk + $25 margin call) when:
- Exceeding 6:1 intraday between 09:00 – 15:30 ET
- Exceeding 2:1 after 15:30 ET (overnight window)
- Using margin on options, OTC, Pink Sheets, or any stock under $3.00
- Trading sub-penny stocks (not permitted)
- Using leverage with equity below $2,000
- Equity falls below $100 (liquidated in full)
The Risk desk is not responsible for replacing orders canceled during a liquidation.
Ready