Commissions and Fees

Last updated April 2024

Stock & ETF Options Commission

Options AI charges a single flat commission* for each opening and closing Stock & ETF option trade with no per contract fees:

Trade Description	Per trade, any size
Multi-leg options (spreads)	$5
Single leg options	$5

Example: Opening 10 lot SPY Iron Condor (40 contracts total) = $5

*Applicable regulatory, exchange and option clearing fees still apply. See below.

SPX Index Options Commission

Options AI charges a per contract commission* for each opening and closing Index option trade (note: the $5 per trade commission does not apply to SPX trades):

Symbol	Description	Fee Per Contract
SPXW	S&P 500 Index - PM Settled	$0.45

Example: Opening 1 lot SPXW Iron Condor (4 contracts total) = $1.80

*Applicable regulatory, exchange and option clearing fees still apply. See below.

Stock Trade Commission

Options AI charges a $1 flat commission* for each buy or sell stock order regardless of share quantity.

*Applicable regulatory, exchange and option clearing fees still apply. See below.

Regulatory Trading Fees

Options AI passes on applicable regulatory and exchange fees as follows:

Fee Description	Amount
OCC Options Regulatory Fee	$0.02685 / contract
FINRA Trading Activity Fee - Stock Sales	$0.000166 / share (max. $5.95)
FINRA Trading Activity Fee - Option Sales	$0.00279 / contract (max. $5.95)
SEC Fee – Stock Sales	$8 / $1,000,000.00 in sales

*Please note regulatory and exchange fees are subject to change.

Option Clearing Fees

Options AI charges a Clearing Fee on all option transactions:

Clearing Fee	Amount
Equity, ETF & Index Options	$0.05 / contract

*Please note Clearing fees are subject to change.

Exchange Proprietary Transaction Fee

Options AI charges a Transaction Fee to cover CBOE proprietary index fees on SPX options:

Ticker	Transaction Fee
SPXW	$0.59 / contract

Margin Rates

Description	Rate
Rate on all debit balances	7.45%

Funds and Account Transfer Fees

Fee Description	Amount
ACH Deposits & Withdrawals	Free
Incoming Domestic Wire	Free
Outgoing Domestic Wire	$25
Outgoing Foreign Wire	$45
Reorganization Wire Fee	$25 minimum
ACH Notice of Correction	$5
Check Copies	$15
Domestic Paper Check	$5
International Paper Check	$10
Overnight Mail – Domestic	$50
Overnight Mail – International	$100
Returned ACH (per return)	$30
Returned Checks/Wires and Recalls	$30
Stop Payment on Apex Issued checks	$30
Outgoing ACAT Transfers	$75
Transfers – Accommodation T&S	$235
Third Party Distribution Notification	$2
Transfer on Death Account Transfer Fee	$200
Legal Transfers (per security)	$150
Restricted Security Transfer (per security)	$465
Prepayment Fee (on unsettled amount)	Greater of 0.2% or $20
DWAC (per event)	$100
Physical Certificate Processing	$300 minimum

Trade Related Fees

Fee Description	Amount
Exercise and Assignment	$5
Voluntary Corporate Actions	$50
Dividend Check (per item)	$5
Margin Sell out fee (per ticket)	$25
Short Forced Buy in fee (per ticket)	$25
Paper Confirm Fee (per confirm)	$2
Paper Statement Fee (per statement)	$5
Paper Tax Statements (per statement)	$5
Non-Transferrable Stocks (per month)	$10
DTC Delivery (per security)	$25

Miscellaneous Fees

Fee Description	Amount
Overnight Mail – Domestic	$50
Overnight Mail – International	$100

Please note, Options AI reserves the right to modify any fees and to pass through any new or amended regulatory and other third-party fees without prior notice. Please email [e-mail] if you have any questions.