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

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 support@optionsai.com if you have any questions.

Last updated