Internet Brokerage Commission Schedule
Internet Brokerage
| Market Orders: | $19.95 |
| Limit Orders: | $24.95 |
» Rates given for up to 1,000 shares. Orders for 1,000 shares and over will be charged an additional $.02 per share.
» All equity and option orders entered with a broker will be charged standard commission rates.
» All orders for foreign stocks, or stocks priced below $1.00 per share will be charged a $10.00 additional fee per executed transaction.
Options
| Dollar Amount (#Contracts x 100 x Price): | Commission Rate: |
| $0 to $3,000 | $30 + .009 of Dollar Amount |
| $3,001 to $10,000 | $30 + .008 of Dollar Amount |
| $10,001 and over | $30 + .007 of Dollar Amount |
Minimum commission is $2.00 per Contract
Maximum commission is $25.00 per Contract
Fixed Income Products
A commission of $75 is charged for agency transactions.
If a commission is not charged, Florida Investment Advisors acts as a principal and profits from the trade with either a dealer concession or a markup.
Margin Rates
| Balance Of: | Pershing Broker Lending Rate Minus: |
| $0 to $49,999.99 | .5000 |
| $50,000 to $99,999.99 | .7500 |
| $100,000 to $249,999.99 | 1.0000 |
| $250,000 to $99,999,999,999.99 | 1.2500 |
Other Services and Fees
| Legal Transfers: | $60.00+ |
| Voluntary Tender Offers: | $25.00 |
| IRA Annual Maintenance Fee: | $25.00 |
| ROTH Conversion: | $25.00 |
| Inactivity Fee: | $25.00 |
| Extensions: | $25.00 |
| Wires: | $20.00 |
| Safekeeping – Ltd. Partnerships: | $50.00 |
| Safekeeping – Precious Metals: | 75 bp annual dollar values |
| Express Mail: | Actual cost |
| Research: | $25.00/hr. |
| Check Copy: | $2.50 |
| Additional Cash Manager Checks: | $10.00 |
| Return Deposit Item: | $20.00 |
| Account Closing Fee: | $50.00 |
Other fees and charges may apply.
Fees and commissions subject to change.
All Florida Investment Advisor Internet Brokerage accounts require a Margin Agreement. For new accounts, we require minimum account equity of $2,000, and the securities and/or money must be in the account at the time the initial order is placed. For established accounts, we require sufficient buying power or equity to be on hand prior to acceptance of a buy order and securities must be on deposit, in good delivery, before acceptance of a sell order. For options, stocks selling below $1 per share, non NASDAQ stocks, and foreign stocks, cleared funds equal to the full amount of the trade must be on deposit prior to Florida Investment Advisors accepting the order. An "order" is defined as the entering of any individual order for the purpose of executing both purchase or sell transaction (i.e. multiple orders for the same security received in any given day, are not grouped together and are not viewed as one order). A GTC order which is executed over a period of several days is charged a separate commission based on each day's activity. The limit order commission rate will be charged on all changed orders. All GTC orders are good for 90 days.