Internet Brokerage Commission Schedule
Internet Brokerage
| Market Orders: | $24.95 |
| Limit Orders: | $29.95 |
Active Trader (25 or more trades per year)
| Market Orders: | $19.95 |
| Limit Orders: | $24.95 |
» Touch–Tone Phone – Add $10.00 to regular commission
» 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 a $10.00 fee per executed transaction.
» 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
Corporate Bonds (per order)
| Less Than 25 Bonds: | $25.00 + $2.50 per bond |
| 25 Bonds and Over: | $25.00 + $1.75 per bond |
Government Securities (per transaction)
| T-Bills, Bonds and Notes (At Auction): | $50.00 |
| T-Bills (Secondary Market) | $50.00 |
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 |
Retirement Accounts
| IRA Setup Fee: | None |
| IRA Annual Fee: | $25.00 |
| IRA Termination Fee: | $50.00 |
| Defined Benefit/Money Purchase and 401(k) Fees: | Inquire |
| Deliveries: | $15.00 |
» Certificates representing restricted securities deposited into an account will incur a $250.00 processing fee per issue. A restricted security is any security which is not in good deliverable form for legal transfer.
Miscellaneous Services and Fees
| Exchange Offers – Elective: | $25.00 |
| Tender Offers – Elective: | $25.00 |
| Rights Subscription: | $25.00 |
| Optional Dividend Elections: | $25.00 |
| Replacement Statements (per month): | $5.00 |
| Re–register and/or Deliver Certificate (per issue): | $25.00 |
| Wire Transfer of Funds (per item): | $20.00 |
| Late Payment Fee (Past Settlement): | $15.00 |
| Returned Check Fee: | $20.00 |
| ACAT Transfer (outgoing): | $50.00 |
| Foreign Security Transfer Fee (Transfer Agent fees passed along): | Varies |
| Inactivity Fee: | $25.00 |
| Mailing, Postage and Handling Fees: | None |
All Florida Investment Adviser 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 Advisers 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 30 days.