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Institutionally Low Pricing

Low-cost execution with institutional-grade routing and pricing

Volume-tiered Commissions

View Rates

Equities commission as low as

$0.0003

per share

Options commission as low as

$0.10

per contract

Detailed Pricing

  • Volume-tiered rates. Hit a higher tier mid-month and the new rate applies immediately.

    Monthly Volume

    40M+Shares
    20M+Shares
    5M+Shares
    2.5M - 5MShares
    Up to 2.5MShares

    Rate

    $0.0003NewPer Share
    $0.0004NewPer Share
    $0.0005Per Share
    $0.00075Per Share
    $0.0010Per Share

    *If you hit a higher tier mid-month, you immediately receive the new rate and it carries forward into the next month. If you miss the tier in a given month, you move to the previous applicable tier the following month.

  • Per-contract pricing tiered by monthly volume. Index options carry an additional exchange surcharge.

    Monthly Volume

    > 50k contracts
    > 25k contracts
    <= 25k contracts

    Pricing per contract

    $0.10
    $0.20
    $0.30

    SPXIndex Options

    $0.65per contract

    All OtherIndex Options

    $0.40per contract

    Commission rates do not include regulatory fees and index fees. Pricing is subject to change.

  • Required by FINRA and the SEC — applied to certain transactions and subject to change.

    SEC

    $0.0000206per dollar, sell side only

    TAF

    $0.000195per share (sell), max $8.30

  • Interest charged on debit balances.

    Margin Rate

    7.5%

    Margin Requirements

    View margin requirements for buying power, maintenance, and short positions

    Learn more

  • BlackArrow Ultra

    Was $99

    $79 / mo

    Limited offer

    DAS Platform + API *

    Non pro (Individual)

    $225 / mo

    Pro (Entity / LLC)

    $375 / mo

    DAS Platform

    $125 / mo

    Compare platform features in the SageTrader Lab

    Full feature breakdown, demos, and platform comparisons.

    Visit SageTrader Lab

    Core Market Data

    ProductTypeNon-Pro (Individual)*Pro (Entity / LLC)*Description
    Level 1 Package
    Core Data
    $15
    $95
    Level 1 consolidated feeds for NYSE, NASDAQ and AMEX, providing real-time top-of-book quotes including best bid/ask and last sale data.
    NYSE Tape A
    Core Data
    $3
    $30
    Real-time trade and top-of-book data for Tape A securities (NYSE-listed), consolidated across CTA participant exchanges.
    AMEX Tape B
    Core Data
    $3
    $30
    Real-time trade and top-of-book data for Tape B securities (AMEX/ARCA-listed), consolidated across CTA participant exchanges.
    Nasdaq Tape C
    Core Data
    $3
    $30
    Real-time trade and top-of-book data for Tape C securities (NASDAQ-listed), including consolidated quotes and last sale updates.

    *Non-Pro market data rates apply to SageTrader Pro Individual accounts. Pro market data rates apply to SageTrader Pro Entity/LLC accounts.

  • Professional-grade smart routing and direct market access.

    Access smart routing and direct exchange destinations designed for active traders.

    25+

    Route Pricing

    View routing fees and execution pricing for stocks above and below $1.00.

    View Table

  • No inflated rates dressed up as discounts. Just the locate price, set fairly.

    Institutional-Grade Locates

    We help power some of Wall-Street’s largest financial institutions. This gives us access to extremely competitive locate prices.

    Our Lowest Rate

    We provide our best available locate price upfront no delayed discounts or pricing games

    How It Works

    Locate Access Model

    Our multi-vendor locate router scans connected inventory sources and returns the best available price in seconds

    How Locate Fees Are Charged

    Locate fees vary based on stock availability, demand, and borrow scarcity. Pricing is shown before confirmation.

    Early Locate Notes

    Hard-to-borrow inventory changes quickly. Early locates may improve availability before the market open.

  • Administrative fees for wire transfers, ACATS, IRA custody and account maintenance.

    Money Transfers

    Fedwire$25 / wireInternational Wire$50 / wireInbound WireNo feeReturned Wire$20 / wireACH*No feeACH Return$30 / ACH Return

    ACATS Transfers

    Outbound$50 / accountInboundNo fee

    Reorganization Fees

    Voluntary$40 / eventMandatoryFree

    IRA Custody

    Annual Fee$40 (billed quarterly)Termination Fee$55

    Other Fees

    Inactivity Fee$15 (billed quarterly)

    * Note the Firm will not process third party wires or ACH.

Join The Home of Professional Traders.

Institutionally low pricing. No games, no hidden fees.