Pricing
Stocks, ETFs, Bonds & Mutual Funds
per share
0–5M shares per month
Options
per contract
Plus $2.99 per trade ticket
Commission calculator
Plug in your monthly volume to see what you'd pay at the published starting rate.
Estimated monthly cost
- Stocks / ETFs
- $200.00
- Option contracts
- $0.00
- Option tickets
- $0.00
Pre-fee estimate. Excludes regulatory pass-through fees (SEC, TAF, CAT, ORF/OCC, exchange). Stock rate of $0.0020/share applies in the 0–5M shares per month tier.
Routes
Add liquidity, get paid. Take liquidity, pay the fee. On certain routes, the rebate you earn for adding can offset or exceed the commission itself. Rebates vary by venue, liquidity type, and market conditions — see route table and footnotes below. Positive values are rebates; negative values are charges.
| Route | Description | Adding | Taking | Outbound | H / NH |
|---|---|---|---|---|---|
| ARCAC | CODA NYSE ARCA | +$0.0022 | −$0.0035 | −$0.0040 | Not Held |
| CDRG | Citadel Equities | −$0.0018 | −$0.0018 | −$0.0018 | Held |
| CDRO | Citadel Options | $0.0000 | $0.0000 | $0.0000 | Held |
| CDXM | CODA Algo | −$0.0022 | −$0.0022 | −$0.0022 | Not Held |
| CMID | CODA Mid | −$0.0013 | −$0.0013 | −$0.0013 | Not Held |
| CMND | CODA SOR | +$0.0025 | $0.0000 | $0.0000 | Not Held |
| CP | ClearPool TWAP VWAP Algo | −$0.0025 | −$0.0025 | −$0.0025 | Not Held |
| CPSR | ClearPool Algo | −$0.0025 | −$0.0025 | −$0.0025 | Not Held |
| IEXN | Instinet DMA to IEX | $0.0000 | −$0.0029 | −$0.0029 | Not Held |
| INSR | Instinet SOR | −$0.0015 | −$0.0015 | −$0.0015 | Not Held |
| INST | CODA Institutional | −$0.0015 | −$0.0025 | −$0.0025 | Not Held |
| ISTN | Instinet SOR | +$0.0025 | $0.0000 | $0.0000 | Not Held |
| LAMP | Lampost Capital | $0.0000 | $0.0000 | $0.0000 | Held |
| LIMIT | Instinet SOR | −$0.0015 | −$0.0015 | −$0.0015 | Not Held |
| MARKET | Instinet SOR | −$0.0015 | −$0.0015 | −$0.0015 | Not Held |
| MNGD | Apex Route | −$0.0015 | −$0.0015 | −$0.0015 | Held |
| NITE | Virtu Route | −$0.0015 | −$0.0015 | −$0.0015 | Held |
| NMID | Instinet Mid | −$0.0013 | −$0.0013 | −$0.0013 | Not Held |
| NSDQC | CODA NASDAQ | +$0.0022 | −$0.0035 | −$0.0035 | Not Held |
| OTCN | Instinet GOTC | $0.0000 | −$0.0037 | −$0.0047 | Not Held |
| PDQ | CODA Router | $0.0000 | $0.0000 | $0.0000 | Not Held |
| PMID | CODA Premium Mid | −$0.0015 | −$0.0015 | −$0.0015 | Not Held |
| SAUC | Sage Trader SOR | +$0.0025 | $0.0000 | $0.0000 | Not Held |
| SIOC | Sage Trader IOC | $0.0000 | $0.0000 | $0.0000 | Not Held |
| SX | Siebert SOR | +$0.0025 | $0.0000 | $0.0000 | Not Held |
| SPR | Siebert Pro | $0.0000 | $0.0000 | $0.0000 | Not Held |
| SSR | AEXG IOC Short Sale Route (tiered, see below) | −$0.0100 | −$0.0100 | −$0.0100 | Not Held |
SSR: Short Sale Route, tiered pricing
SSR is for short selling of SSR securities only and allows potential shorting without an uptick. Orders execute as IOC (immediate or cancel). Per-share fee scales with stock price:
| Stock price | Per share |
|---|---|
| $0 – $4.9999 | −$0.0100 |
| $5 – $19.9999 | −$0.0110 |
| $20 – $99.9999 | −$0.0120 |
| $100 – $199.9999 | −$0.0250 |
| $200 – $299.9999 | −$0.0350 |
| $300 – $399.9999 | −$0.0500 |
| $400 – $499.9999 | −$0.1000 |
| $500 – $999.9999 | −$0.2000 |
Net-price calculator
Add liquidity on the right route and the rebate can exceed the commission, meaning the trade pays you. Take liquidity and the route fee gets added to commission. Try a few combinations.
ⓘ Hypothetical example only. Route fees and rebates are set by the venues and are subject to change without notice. Actual fills may differ. For current rates, contact our specialists.
Commission
−$2.00
1,000 × $0.0020
Routing rebate
1,000 × +$0.0022
Net credit
You get paid
On this hypothetical trade the routing rebate exceeds the commission, so you'd receive a net $0.20. Estimate excludes regulatory pass-through fees (SEC, TAF, CAT, ORF/OCC, exchange). Route fees and rebates are set by the venues and may change without notice — actual fills may differ.
- The above routing guide only applies to securities priced above $1.00 during core trading session 9:30am – 4:00pm ET.
- Securities priced below $1.00 are subject to different routing charges and are not rebate eligible. Additional fees may apply.
- Adding-liquidity rebate may vary from above and may be less than indicated. Above guide shows maximum possible rebate.
- All rates are subject to change without notice.
- This page is a good faith estimate of the current rates but may not be completely accurate. We are not liable for any discrepancies between listed rates and the actual rates applied.
- If necessary, we reserve the right to charge or adjust for venue, routing, or exchange fees based on vendor changes in routing rates. We reserve the right to mark up or adjust any routing fees at our sole discretion.
- Rebates are subject to forfeiture in the event an ECN or exchange does not remit the rebate.
- Positive values represent a rebate. Negative values represent a charge.
AEXG. AEXG is Alternative Execution Group.
SSR (Short Sale Route).
- SSR is for short selling of SSR securities ONLY and allows users to potentially short without an uptick.
- SSR is more costly than other routes with a minimum $0.01/share fee. Rate scales with stock price. See the SSR tier table.
- SSR orders are executed as IOC (immediate or cancel), so the order will either execute, or cancel back the unexecuted amount.
INSR: payment-for-order-flow disclosure.
- We may receive certain order-flow rebates, credits, or fee reductions when routing orders to the INSR route.
- These payments create a potential conflict of interest because they could incentivize us to route orders to this venue rather than another that might result in a better execution outcome for you.
- INSR destination may pay or charge us exchange fees, liquidity rebates, or other transaction-based incentives, which could vary depending on whether your order adds or removes liquidity.
LIMIT / MARKET routing.
- LIMIT: orders route to Instinet and show in DAS as INSR. If you wish to change this function, please call us.
- MARKET: orders route to Instinet and show in DAS as INSR. If you wish to change this function, please call us.
| Equity tier | Formula | Rate |
|---|---|---|
| Less than $25,000 | Base Rate | 8.95% |
| $25,000 – $49,999 | Base Rate − 0.50% | 8.45% |
| $50,000 – $99,999 | Base Rate − 1.00% | 7.95% |
| $100,000 – $249,999 | Base Rate − 2.00% | 6.95% |
| $250,000+ | Base Rate − 3.00% | 5.95% |
As of 11/3/25 the current Base Rate is 8.95%. Base Rate is set by comparing various commercial interest rates, such as brokers' call, internal and external cost factors, and other competitive factors. The Base Rate is subject to change without notice.
| ACH Recall / Reversal / Return | FREE |
| Wire Transfer (outgoing) | $30.00 |
| Recalled Wire | $50.00 |
| Returned Wire | $50.00 |
| Returned Check | $40.00 |
| Overnight Check Fee | $20.00 |
| Cancel and Re-bill | $20.00 |
| Cash Trade Settlement | $35.00 |
| Certificate Held in Safe Keeping at HTS/Firm | $100.00 per year |
| Certificate Processing/Deposit Fee | $75.00 per CUSIP, per deposit, plus applicable fees |
| Copy of Past Confirmation | $5.00 |
| Copy of Past Statement | $5.00 |
| DTC Non-Transferable Fee | $15.00 per month |
| DTC Non-Transferable Securities Held | $150.00 annually |
| DRIP | No charge |
| DRS Statement Withdrawal | $30.00 |
| DWAC and DRS Process Fee | $75.00 plus transfer agent fees |
| Holding and Reporting Fee (Inactivity) | $50.00 annually |
| Index Option Exchange Fees | Varies; see schedule |
| Options Regulatory Fee (ORF) | $0.01535 per contract |
| Non-ACAT Eligible Securities (Full) | $75.00 |
| Non-ACAT Eligible Securities (Partial) | $35.00 |
| Non-DTCC Eligible Securities | $100.00 plus pass-through fees |
| CAT Fee (Options) | $0.0022 per contract |
| CAT Fee (Equities, Off Exchange) | $0.000027 per share |
| CAT Fee (Equities, On Exchange) | $0.000022 per share |
| OCC Fees | $0.025 per contract |
| Paper Documents Delivery Fee | $75 annually (waived if account > $5,000 as of Sept 1) |
| Professional Data Fees | $100.00 per month |
| Reg T Extension | $20.00 |
| Reorganization (Mandatory) | $20.00 |
| Reorganization (Voluntary) | $50.00 |
| Right/Warrant Exercise (Voluntary) | $50.00 |
| SEC Transaction Fee | $0/million as of 5/14/2025 |
| TAF (Stocks & ETFs) | $0.000195 per share (max $9.79 per trade) |
| TAF (Options) | $0.00329 per contract |
| TAF (Covered Debt Securities) | $0.00124 per bond (max $1.24 per trade) |
| Transfer Out (Full) | $60.00 |
| Transfer Out (Partial) | $50.00 |
Updates to fees are made on a best-efforts basis; all fees are subject to change without notice. SEC Transaction Fee rate is $0 per million as of 5/14/2025. TAF rates listed reflect the 1/1/2026 update.
Effective January 1, 2024 Success Trader passes through index option exchange fees in addition to standard commission. Rates below are per contract and subject to change without notice.
| Symbol | Description | Rate |
|---|---|---|
| DXL | Jumbo DJX Index | $0.18 |
| EPX | SIG Oil Exploration and Production Index | $0.45 |
| HGX | OHLX Housing Sector Index | $0.18 |
| MNX | Mini Nasdaq 100 Index | $0.18 |
| MVR | Morgan Stanley Retail Index | $0.18 |
| NDX | Nasdaq 100 Index | $0.15 |
| OEX | S&P 100 Index | $0.55 |
| OSX | PHLX Oil Service Sector Index | $0.35 |
| RUT | Russell 2000 Index | $0.18 |
| SOX | PHLX Semiconductor Index | $0.35 |
| SPX | S&P 500 Index | $0.60 |
| SVO | SIG Energy Index | $0.35 |
| UTY | PHLX Utility Sector Index | $0.35 |
| VIX | CBOE Volatility Index | $0.50 |
| VXX | iPath S&P 500 VIX Short Term Futures | $0.18 |
| XAU | PHLX Gold and Silver Index | $0.35 |
| XEO | S&P 100 (European Style) Monthly | $0.40 |
| XSP | CBOE Mini S&P 500 | $0.50 |
Account minimums. Minimum funding requirement is $50,000 to open a new account. The account must remain over $25,000 at all times.
Wire transfer (Domestic)
- Bank
- JP Morgan Chase Bank, N.A.
- Bank address
- 270 Park Avenue, New York, NY 10017-2070
- ABA
- 021000021
- For benefit of
- Hilltop Securities, Inc.
- Account #
- 08805076955
- FFC
- (customer name & account number at Hilltop)
- Attention
- Settlement Dept.
Wire transfer (International)
- Bank
- JP Morgan Chase Bank, N.A.
- SWIFT
- CHASUS33
- ABA
- 021000021
- For benefit of
- Hilltop Securities, Inc.
- Account #
- 08805076955
- FFC
- (customer name & account number at Hilltop)
- Attention
- Settlement Dept.
Third-party wires. Third-party wires will not be accepted. Funds will be returned to sender by the clearing firm and fees assessed.
ACH note. ACH deposits take 1–3 business days to post. ACH deposits exceeding account equity will be held for 3 business days. Due to fraud-prevention measures, ACH deposits must be held in your Success Trader account for 30 days before withdrawal. Funding via wire transfer avoids this hold.
Questions about pricing or your account? Call us at (206) 483-0869 or start a live chat. The desk is staffed when the markets move.