Commission & Fees
What makes our pricing model different? TRANSPARENCY
Often, when traders are searching for a new broker, they’re hyper-focused on the commission schedule. Although the commission structure is important, it does not provide the full picture. Lately, some Brokers have gotten opaque in their pricing models, finding ways to hide additional fees in the fine print that will ultimately end up being charged to your account. Think about it, if a Broker is charging little (or no) commissions, where are they making their profit?
Are they charging you higher routing fees, overnight locate multipliers, marked up short interest, inflated locate prices, fees for Broker-assisted trades, or applying excessive account fees for minor services? Are they being paid by Executing Brokers for your order flow? Are they offering temporary discounts on Locates already priced above market? Unfortunately, it’s not until a few months later that you realize your overall cost is significantly more than you thought.
This is exactly why we fully believe that HONESTY and TRANSPARENCY will win in the long run. Therefore, we designed our commission structure in a way that makes sense to the Active Trader. They can easily determine what their trade costs will be, with confidence. It’s simple. It’s clean. It’s transparent. The way it should be!